Marina Sales - A Marinas For Sale Marketplace - -
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Published on: 9/12/2007
Last Visited: 10/14/2008
More than 820 such megayachts are now under construction, according to Jamie Welch, the editor of Yachts International.That's just a 3 percent increase over last year, he said, but a 58 percent increase since 2002.
One reason for the growth is that larger boats are now being churned out on production lines.Baby boomers and a large number of young wealthy Russian entrepreneurs "are coming on the scene, and they want their yachts right now," Mr. Welch said, in contrast to traditional yachters who wanted their boats customized, much like their mansions on land.
Given the numbers, a problem has emerged in recent years: finding a place to tie up giant yachts.Older marinas cannot accommodate the big boats or their needs for electricity, fuel and waste disposal.
Developers have caught on to the demand, and Mr. Welch said he sees, through announcements and advertising, three or four new marinas popping up every month, especially in the Caribbean, Central America and Dubai.