For the past decade, the thriving market for superyachts – usually defined as those over 100 feet or 30 metres in length – has tracked the sharp rise in the number of the world’s super-rich and the value of their assets.
The combination of new wealth in resource-rich regions such as Russia and the Middle East and the increased numbers of prosperous property developers, hedge-fund managers and investment bankers in Europe and the US has stoked demand for luxury boats to unprecedented levels.
