Business 2019 Data and research – Raphael Montigneaux & Marilyn Mower; ofInfographics – Valerioy Pellegrini;achtin Photography - Silvano Pupella g The Global Order Book (GOB) is the superyacht industry’s trusted annual health check; a deep-dive examination of global boatbuilding that logs the number of yachts over 24 metres either on order or in build anywhere around the world. This year, Boat International has introduced a new standard of data verification in compiling an even more accurate GOB than usual. We have logged more than 20,000 kilometres visiting shipyards, meeting contractors and checking the status of announced projects – and deleting many “on-hold” ones. Read on for an unparalleled snapshot of what’s happening in the world of boatbuilding in 2018 – and what to expect in the years to come. www.boatinternational.com | January 2019 <#x#> <#y#> GLOBAL ORDER BOOK 2019 2019 GLOBAL ORDER BOOK 12 FRANCE 06 3 UK 2 NETHERLANDS 9 NORWAY 19 SWEDEN Total length: 198m Total length: 3,126m Total length: 4,667m Total length: 353m Total length: 109m Number of projects: 5 Number of projects: 109 Number of projects: 75 Number of projects: 3 Number of projects: 3 Average length: 40m Average length: 29m Average length: 62m Average length: 118m Average length: 36m 14 FINLAND The top 20 builder nations and what they have in store... Total length: 176m Number of projects: 5 The big picture Average length: 35m 20 POLAND Total length: 70m 4 TURKEY 15 AUSTRALIA Number of projects: 2 Total length: 3,000m Total length: 170m Average length: 35m Number of projects: 66 Number of projects: 2 Average length: 45m Average length: 85m 6 GERMANY Total length: 1,608m Number of projects: 16 16 GREECE 18 NEW ZEALAND Total length: 145m Total length: 121m Average length: 101m Number of projects: 2 Number of projects: 3 Average length: 73m Average length: 40m 1 ITALY 7 US Total length: 13,842m Total length: 1,251m Number of projects: 379 UAE Number of projects: 36 11 Average length: 37m Total length: 309m Average length: 35m Number of projects: 8 Average length: 39m SPAIN BRAZIL 17 10 Total length: 133m Total length: 336m Number of projects: 4 CHINA Number of projects: 12 8 Average length: 33m Total length: 731m GOB rules Average length: 28m Number of projects: 21 Average length: 35m SOUTH AFRICA To qualify for the 13 Total length: 177m 5 TAIWAN Global Order Book, Number of projects: 6 Total length: 1,957m each individual Average length: 30m Number of projects: 67 project has to have Average length: 29m been started, or ordered (with deposit taken) by 1 September in the qualifying year. So for 2018, 830 superyachts in excess of 24 metres had been started or ordered by TOTAL NUMBER OF YACHTS 1 September, 2018. IN BUILD OR ON ORDER The GOB counts all Year Total superyachts with an 441,817 TOTAL GROSS TONNAGE OF 2019 830 LENGTH IN METRES OF REV, TOTAL LENGTH OF BOATS IN PRODUCTION BY TOP 10 COUNTRIES LOA equal to or YACHTS ON ORDER OR UNDER THE LONGEST SUPERYACHT 2018 773 greater than 24 CONSTRUCTION UNDER CONSTRUCTION Total length (m) 2017 760 metres. We start 182.9 0 3,000 6,000 9,000 12,000 15,000 2016 754 counting at 24 metres 2015 734 Italy as this is when 2014 735 The Netherlands manning and class UK 2013 692 rules begin to apply. Turkey 2012 728 Taiwan Germany 2011 749 US MAP KEY 2010 763 China 2009 1008 TOTAL LENGTH, IN METRES, Norway =GOB Rank TOTAL NUMBER OF YACHTS ON 2008 916 OF YACHTS ON ORDER OR Brazil # 32,655 ORDER OR UNDER CONSTRUCTION UNDER CONSTRUCTION 830 2007 777 www.boatinternational.com | January 2019 For the full Global Order Book report, visit boatint.com/boat-pro <#x#> <#y#> GLOBAL ORDER BOOK 2019 2019 GLOBAL ORDER BOOK TOP 20 BUILDERS BY LENGTH 2019 COMPANY GOB VISIT TOTAL NUMBER AVERAGE NUMBER OF 2018 RANK LENGTH (M) OF PROJECTS LENGTH (M) PROJECTS 2018 RANK Global superyacht GOB Semi-custom Full-custom Sailing yachts Brokerage sales Number of fleet total yachts in GOB yachts in GOB in GOB active shipyards 1 Azimut - Benetti Visited 3,526 97 36 77 1 Global superyacht GOB Semi-custom Full-custom Sailing yachts Brokerage sales Number of 2 Ferretti Group Visited 2,952 91 31 87 2 fleet total yachts in GOB yachts in GOB in GOB active shipyards 3 Sanlorenzo Visited 2,635 77 34 71 3 500 4 Princess Yachts Visited 1,821 68 27 23 9* 8 Sailing yachts 500 Sailing yacht We’ve scoured the world’s yards and counted the superyacht 5 Feadship Visited 1,380 18 77 15 4 8 sales Sailing yachts Motor yachts Sailing yacht projects more accurately than ever before. And while unit numbers 6 Alexander Marine Visited 1,102 38 29 30 7 sales 400 Total sales 7 Motor yachts areTrend up, average yacht lengths are coming spotting down… 7 Amels - Damen Visited 1,020 16 64 15 6 400 Total sales 7 8 Sunseeker Visited 983 31 32 21 8 9 Lurssen* 978 9 109 9 5* 182 16 300 10 Heesen Yachts Visited 661 12 55 11 11 182 16 300 he positive mood that for the duo at the top of the pyramid, Italy Builders 514 71 11 Horizon Visited 622 21 30 22 10 has been evident at boat and the Netherlands, which collectively The busiest builders by total length of 514 71 200 12 Oceanco Visited 560 5 112 4 17 shows in recent years have seen a 9.5 per cent increase in projects remain largely unchanged, 200 T Overmarine 453 11 41 11 13 has had a visible impact orders over 2017. although we welcome a new entry into the 13 Palumbo 447 9 50 New entry New entry on the 2019 Global It’s not all good news, though. Turkey, Top 20 this year with Palumbo. This group 14 100 m 15 Baglietto-CCN 422 10 42 9 18 l 13 inu 7 100 Order Book, with 57 more projects in fourth place, has seen its orders dip. now counts ISA Yachts and Columbus Projects Rank LOA (m) Advam ee l FR Visited nc St um 7 16 Heysea Yachts 403 11 37 12 16 13 inu ed co P reported over the past year. Some 830 As too has China, where deliveries have Yachts within its structure, and joins the Projects Rank LOA (m) ee Al Adva FR 5 mp 7 nc St um 17 The Italian Sea Group 398 8 50 11 12 ed P osit od 0 superyachts measuring 24m or more are outpaced new orders, and the US, where list at 14 thanks in part to the success of 1 147.8 5 comp Al es7 Wo 18 Viking 345 13 27 16 15 osit od 0 under construction or on order with hull the number of superyachts on order or ISA’s Extra 86, 93 and 126 models. 1 147.8 es Wo 2009 2010 2011 2012 2013 2014 2015 2016 2017 Cantiere delle Marche Visited 324 9 36 10 19 -2010 -2011 -2012 -2013 -2014 -2015 -2016 -2017 -2018 numbers and/or deposits at shipyards started on speculation has continued The top three all revealed an increase 19 2 132.36 8,112 8,423 8,704 8,992 9,279 9,553 9,777 10,028 10,258 10,5320090 2010 2011 2012 2013 2014 2015 2016 2017 Gulf Craft 309 8 39 13 14 -2010 -2011 -2012 -2013 -2014 -2015 -2016 -2017 -2018 around the world. In total, the projects on a downward trajectory since 2010 in production over the past year, in 20 2 132.36 8,112 8,423 8,704 8,992 9,279 9,553 9,777 10,028 10,258 10,530 830 80-89ft 90-99ft 100-119ft 120-149ft 830 80-89ft 90-99ft 100-119ft 120-(2144-29ft7m) (28-30m) (31-36m) (37-45m) represent a length of 32.7km (up 3.7 per (down 67 per cent). In general, US yards terms of number of hulls in build or on 3 *official data not shared by the yard 126.66 (24-27m) (28-30m) (31-36m) (37-45m) 150-199ft 200-249ft 250ft+ cent) but with a shorter average vessel tend to be far more cautious about order and their combined length. For 3 126.66 15590-0199ft 200-249ft 250ft+ (46-60m) (61-75m) (76m+) size of 39.39m compared to last year starting builds on speculation than their Azimut-Benetti, the acceleration is most 4 125+ 590 (46-60m) (61-75m) (76m+) (down three per cent). Once again, the European counterparts. The only other pronounced, with 97 hulls in build or Amsterdam that can build yachts up to 4 125+ 240 85 Italian builders Azimut-Benetti, Ferretti countries to see a decline in the number on order (up from 77), largely thanks to 160m. Lürssen’s position remains strong, 5 116.76 240 85 PROJECTS BY TYPE, 2007-2019 5 116.76 151 63 Group and Sanlorenzo fill the top three of superyachts in build or ordered are the Azimut side of the business. Ferretti even after the fire in September 2018 151 63 The number of superyacht projects by style of boat 51 positions in the same order as last year. Australia, Norway and Greece, but we’re � Group, with its stable of brands, reports that destroyed the 145m Project Sassi. 51 67 44 dealing with such small numbers (two, an increase in order numbers to 91 (up Oceanco, meanwhile, is creeping up the 67 44 Countries three and two superyachts respectively) from 87 in 2017) and a jump in total length table in terms of projects on order or 40 43 MotorOpenSailingExpeditionSportfisher 43 The majority of the countries where large that it’s hard to draw any firm conclusions.