MYS 2023: Superyacht Australia on Booming Business and New Launches

When our host Shari Liu, asked CEO David Good about Superyacht Australia’s domestic fleet, it was interesting to hear how, ‘Covid benefitted the domestic fleet’, as he went on to explain that they always knew there was a lot of live Australian yachts in the Mediterranean, but they could never quite gage how many. Until Covid came.

Due to the laws and regulations surrounding travel that occurred as Covid hit, if owners wanted to use their yachts, they had no choice but to bring their yachts home to Australia and start using them domestically. Good also later explained that this is the first year the industry has returned back to pre-Covid numbers.

WANDERLUST, 85m, by Silveryachts was launched last November, ‘we get to see her regularly, she’s a very very active yacht. She's been to the Maldives, Tahiti, and back to Australia a couple of times.’. Additionally to this, Echo Yachts recently launched the 56m Catamaran motor yacht, CHARLEY 2. Currently undertaking sea trials, she is on track to be delivered to her owner in the next couple of weeks. Good went on to explain that, ‘Silveryachts have announced that they are gonna build another 79m Silveredge. So it's good to see how active they are, it keeps a lot of people employed, which is important’.

The end of Good’s answer sparked a thought-provoking conversation about how the boom in the Australian superyacht industry has been essential to the Australian economy as a whole.

Good explained, ‘we’ve grown the number of jobs in Australia by a remarkable amount, we did a study in 2017, it was about fourteen thousand jobs, it’s now twenty-two and a half thousand jobs’. He explained how most of this increase comes from tradesmen working in shipyards and building yachts.

For more insight into what the future holds for Superyacht Australia, tune into the interview above.