SuperyachtNews.com - Fleet - Turkish new-build market: is a period of consolidation inevitable?

By SuperyachtNews

Turkish new-build market: is a period of consolidation inevitable?

While deliveries may be unaffected by COVID-19, the number of yards in the country seems unsustainably high…

With a delivered superyacht fleet of 404, which is seven per cent of superyachts on the water today, Turkey holds a healthy share of the global new build market. However, data provided by The Superyacht Agency shows that there has historically been a high ratio of active Turkish shipyards to delivered projects and, with a lessening number of annual deliveries in recent years, there are questions over whether the number of shipyards in the country is sustainable to support its domestic supply chain.

Sign in to your membership to read the rest of this article

Don’t have a membership? Join Now.

Related news

Image for A time for reflection: Q1 review

A time for reflection: Q1 review

We take a look at how the market has performed in the first quarter across the new build and brokerage sectors

Fleet

Image for Which shipyards are most consistent?

Which shipyards are most consistent?

The Superyacht Agency has explored the shipyard dynamics of the last 30 years

Fleet

Sign up to the SuperyachtNews Bulletin

Receive unrivalled market intelligence, weekly headlines and the most relevant and insightful journalism directly to your inbox.

The SuperyachtNews App

Follow us on