“The last 15 months have been really successful for us,” says James Brewer, director of sales and marketing. “We have had a number of strong refit projects and the general maintenance that goes through the yard on a consistent basis has been strong too. It has been really quite encouraging given the state of the economy when it all started.”
Following an 18-month refit, 46m motoryacht Highlander has recently left the yard and is now in Europe, available for charter. “We look at Highlander as a very successful job for us,” Brewer says. “It certainly was a win-win situation for the client and the shipyard. It is an iconic boat that the owner purchased with the intention of refitting and I think it was very successful. Everybody came out of that refit looking good; the client was very happy, the boat looks really good and she has created a lot of buzz.”
"When there is a recessionary period, we have found over the years that the refit market generally sees in uptick in advance of the general economy."
With refit seen as the bread and butter of Derecktor’s Florida yard, it is important for the group to see encouraging signs that this section of the market is picking up. “When there is a recessionary period, we have found over the years that the refit market generally sees in uptick in advance of the general economy,” says Brewer. “So we are definitely starting to see an upturn in the market but we are not completely out of the woods yet. We have made big investments in the shipyard, which has made a significant difference to the volume of boats we can work on.”
If you've found this story to be 'a report worth reading', and you would like to enjoy access to even more articles, insight and information from The Superyacht Group, then you may well be interested in our VIP print subscription offer. We are inviting industry VIPs to register for a complimentary subscription to our print portfolio, which includes the most insightful information on the state of the superyacht market. To see if you qualify for our VIP subscription package, please click here to fill in an application form