Burgess: the charter perspective (May 22, 2020)

Burgess’ head of charter mangement considers the current state of the charter market and the outlook for chartering in the near future…
“We had a very good start to the year in terms of new business and charter yachts coming onto the market, although I am not sure that this is necessarily representative of a market trend,” starts Ben Harwood, head of charter management at Burgess. “Speaking of the owners that have come on board during the COVID-19 crisis, many of them are individuals that would have been putting their yachts on the charter market anyway, although I am sure that for some there is an element of whether their businesses have been effected, or perhaps they are bracing themselves for a recession. In uncertain financial times, it certainly pays to have an asset like a superyacht working a little bit harder.”


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