Business

Craft

Float market— The Med

Preface

The yachting industry has suffered some knocks and Cannes boat fair was 14 per cent down in attendance this year, but there are signs it’s on course for a recovery. And there’s a new appreciation of old-school and sustainable boats.

COnstruction, Industry, Luxury, Mediterranean, Sailing

When September rolls around on the Med, boating enthusiasts eagerly plot a course for the Riviera to get a glimpse of the latest nautical toys on exhibit at the industry’s leading trade shows. But in the wake of the financial crisis, yacht builders and aspiring buyers have had to navigate some rough seas.

Bankers’ bonuses are under attack and the fortunes of property tycoons and Russian entrepreneurs, whose appetite for luxury yachts sustained growth in the past decade, have taken a dive. Particularly stung were companies in continental Europe,…

Monocle 24

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