Brouwer attributes the drop to oil price fluctuations, the euro-dollar exchange rate, and uncertainty surrounding both the rouble and Britain’s exit from the European Union. By Robert Wielaard.
Heesen Yachts has showcased Galactica Super Nova, its largest and fastest yacht to date, at the Monaco Yacht Show.
In addition to a featured video, the Dutch shipyard unveiled the 70m motoryacht by inviting the press to go on board in a 360 virtual experience.
Speaking at the press conference, Heesen CEO Arthur Brouwer cautioned that the global superyacht market is contracting in 2016. “The pressure on the superyacht market is as high as ever,” he said.
Brouwer told SB that while sales of superyachts were up a bit over the past couple of years, the trend for 2016 is down.
“What we see in Q1 this year is that sales went down 15%, globally, in comparison to this time last year. There are not that many orders for superyachts in the world, so there is much more pressure for the lower end of producers.”
Brouwer said demand for high-end yachts — starting at 50m or 60m— remains good. “For builders of yachts starting at 20m or 30m, the market is very difficult.”
According to Brouwer, a number of yards are finding it difficult to remain in the market as the number of orders contracts. “While the ranks of ultra-high income earners are growing we also see a shrinking in the number of active yards,” Brouwer added.
Brouwer attributes the drop to oil price fluctuations, the euro-dollar exchange rate, and uncertainty surrounding both the rouble and Britain’s exit from the European Union.
Commenting on the latter, he said: “Markets just don’t like that kind of insecurity. I think what we are seeing is people delaying purchase decisions right now.”
Brouwer pointed out that Heesen’s financial stability is secure and that current projects in development and under construction progress well.
“This year we have sold two projects: a 50m Nova and a 56m full-custom,” he confirmed.
Heesen Yachts’ aluminium-hulled Galactica Super Nova literally took centre stage at MYS 2016.
The yacht was engineered by Heesen Yachts and Van Oossanen Naval Architects of the Netherlands, which developed the yacht’s fast displacement hull.
Heesen Yachts says the Galactica Super Nova exceeds her contractual top speed of 30kt by 0.3kt.
Brouwer concluded his presentation with officially launching Yacht Services by Heesen.
With the new business unit the shipyard will provide original spare parts, and become active in yacht management, refits and crew training.