Refits are still being commissioned over new builds
Press Release: 13/05/2014
For immediate release
In recent years, shipyards and yachting businesses alike have seen a dramatic fall in new build superyachts; whilst the global recession of 2008 caused this decline, owners are still opting for refit over new build.,
Nautical Structures, a specialist in load-bearing marine structures, davits, cranes and passerelles confirmed this theory.
Rick Thomas, vice president of Nauticial Structures explained, “There are too few new projects which are driving competition to unhealthy levels at times. Whilst it is important that all companies remain competitive in business, the industry also needs to be able to support new product development, innovation and product support, which means the companies providing these products need to be profitable.
“It is a fine line we walk in this industry, some companies have already failed and perhaps more will. Nautical Structures is fortunate enough to enjoy a core group of companies that are very loyal and supportive to the business.”
With the recent closure of award winning superyacht builder, Fitzroy Yachts, New Zealand, it is apparent this issue is reaching all corners of the globe. Speaking in January 2014, Rodney Martin, managing director of Fitzroy Yachts said, “Like a large number of our fellow yacht builders, we have felt the effects of the 2008 global financial crisis and its impact on the new build order book.”
Nautical Structures has seen a recent boom in refit and repairs, with many clients approaching them wanting significant work done.
Rick Thomas went on to say, “There seems to be more recent activity working with naval architects and designers, which is a good indication of new builds to come. We are very optimistic about the future and are here for the long-haul.”
With the global economic outlook looking promising for the next five years, it looks like the superyacht industry may again see more and more new builds being introduced to the market.
Nautical Structures launched in 1986 and has been managed in partnership since 1991 by Bob Bolline and Rick Thomas. Today, Nautical Structures is best known for its ETO (engineered to order) equipment manufactured for yachts from 20M to over 160M.
The company is working with Yachting Pages, a specialist in products and services for the superyacht industry to target the marine market.
For more information on Nautical Structures, visit www.nautical-structures.com
For details about Yachting Pages, visit www.yachting-pages.com
For details about Davits and hydraulics, click here
Notes to Editors
For further press information, please contact Grace Hoskins on +44(0)1173 160560 or grace.hoskins@yachtingpages.com
Proud winners of the Queens Award for International Trade. Yachting Pages Media Group specialises in products and services for the superyacht industry.
Yachting Pages Directories are used by captains, senior crew and industry professionals. www.yachtingpages.com
Superyacht Owners’ Guide (SYOG) is a luxury book offering owners and potential owners the education, advice and contacts they need to build their superyacht dream. www.syog.com
Yachting Pages Delivers is a unique and innovative hand-delivery service. www.yachtingpagesdelivers.com
Yachting Pages Refit is the ultimate worldwide guide to superyacht refit shipyards and services of the refit process. www.yachtingpagesrefit.com
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Kindest regards,
Sarrah Macey
Marketing Communications & Events Executive
Yachting Pages Media Group
44 (0)1173 160 560
www.yachtingpages.com
www.syog.com
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