Super yachts, sales increased by 78%: who is buying instead of the Russian oligarchs?

The boom of super yachts in 2021 and 2022: where the crisis does not exist

The Monaco Boat Show, the fair par excellence of the giants of the sea, returned in 2022 in grand style: moored between the packed docks of the Monegasque port there were yachts and maxi yachts for a total value of 54 billion euros. A new record. As if to say, the GDP of a country like Slovenia. Or the value of a robust financial maneuver from our home. This is also a sign of the boom in super yachts, a sector that knows no crisis despite the energy crisis, the rise in rates and, above all, the war between Russia and Ukraine which has closed the doors to the oligarchs of Eastern Europe, who have always been among the nabobs are more willing to lighten their bank accounts to secure boats of extraordinary luxury.

As evidenced by the numbers released by Rina – the multinational (based in Genoa) of engineering, consultancy and design – at the event organized in Montecarlo during the Boat Show, the dizzying growth of the super yacht segment continued into 2021: Sales of the super-luxury sector of the maritime industry, which includes boats ranging from 40 to 180 meters, increased by 78% compared to the previous year. A boom, the fruit, on the one hand, of the growing trend economic disparity, with the affirmation of a small army of increasingly numerous super-rich, and on the other hand of a repositioning of demand, with North America and Arab and Middle Eastern countries leading the most moneyed disputes of the world fleet of maxi and super yachts. And therefore in the process of replacing the Russian oligarchs, for months at the top of the lists of unwelcome persons and of the sanctions imposed by the European Union and the United States

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