The third 2011 Asia Superyacht Conference closed in Singapore on Friday at the ONE 15 Marina Club with an attendance of over 100 delegates. The two-day conference was opened on Thursday by Arthur Tay, chairman of the Superyacht Singapore Association. In his opening address, Tay explained that the retiming of the conference from its previous October timing to April was due to a strategic decision to align the conference event with the launch of the 1st Singapore Yacht Show, which opened on the last day of the conference.
Tay also highlighted the economic growth in the region with Singapore having the world’s second fastest GDP growth in 2010 at 14 per cent, resulting in a surge of interest in larger yachts in the region. The follow-up keynote speech by Jean-Jacques Lavigne, executive director of the Superyacht Singapore Association, put some statistics into the scene set by the chairman with some key data;