Demand, capacity and availability (February 24, 2021)

A new Fraser report explores the brokerage performance and opportunities of the new build sector…
In the recently published Fraser Insights & Indicators Report 2021, the respected brokerage house paints a picture of the performance of the new build market in recent years, especially where it relates to the signing of new contracts and the commercial status of in build projects. With The Superyacht New Build Report scheduled for delivery on 23 February, which explores in great detail the performance of various new build sectors using a series of proprietary metrics, as well as analysing future trends and forecasting performance up to 2030, the Fraser report provides interesting complementary insight into sales-specific metrics.
According to Fraser’s report, there has been a significant decrease in the number of new build contracts signed, particularly since 2017 and 2018, which is somewhat at odds with many of the anecdotal reports that have been coming out of the market over the course of 2020. Indeed, many individuals in the legal, design and shipyard worlds have reported that new build interest has been strong. However, while ‘interest’ may be strong, it appears that many prospective clients remain hesitant to sign the final contract.

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