Early indications suggest that charter business among superyachts – worth about $530m in 2008 – may have fallen by 25 to 30 per cent this year, although there are signs that the market has been picking up towards the end of the summer with a flurry of late bookings relieving the early season gloom.
Demand fell markedly in the early spring just as supply in the market had been swollen by greater availability as new and existing owners sought to get some return on their running costs.
