Camper & Nicholsons plans to expand in Southeast Asia and the Med after ‘record year’
Superyacht brokerage and service firm Camper & Nicholsons has reported a ‘record year’ for 2022 and revealed further details of its plans for 2023.
Across all departments in 2022, Camper & Nicholsons reports it saw 5.5 km of yachts managed in both charter and yacht management; 700 charters booked, making 5,416 charter days. In a statement, the firm says the forecast for 2023 is “very positive as we are up 20 per cent compared to the same period last year.”
Several factors drove the strong market through 2022, including a growing wealth gap, with increased wealth forming at the top of the economic sectors that boomed in the last years.
C&N says that 2022 was a strong year in charter management with a wide selection of yachts being offered for charter worldwide, including several available in Qatar for the Fifa World Cup. Overall, C&N says it managed €2.2 billion assets value in charter in 2022.
Daniela Duck, new build division coordinator at Camper & Nicholsons, points out that industry new build sales in 2022 were up 35 per cent from 2021, as 186 luxury yacht projects were signed off compared to 120 the previous year, adding a note about the projects managed by C&N: “In the last 12 months, new projects have been delivered by and signed with Feadship, Baglietto and Mangusta among others, which kept the team very busy.”
Paolo Casani, chief executive officer at Camper & Nicholsons, says 2022 was “a record year for our company in terms of both retail and charter management revenues.”
Camper & Nicholsons has also revealed plans for its expansion in Southeast Asia and the Mediterranean, and reinforcement of its position in the US. In 2022, the firm announced the opening of its proprietary office in Dubai.
“The opening of a new office in Singapore will improve our reach and presence in Southeast Asia,” says Casani. “Our Hong Kong office opened its doors four years ago, and we seek to improve our presence in Asia.”
Four years ago, Camper & Nicholsons claimed to be the first company in the yachting industry to invest into its digital and technical transformation. The objective was to “modernise, optimise and consolidate” processes and procedure on a group level, by designing and engineering products and software for each stakeholder.
In 2022 C&N launched a new website and an innovative crew and compliance software, which it says has globally renovated the infrastructure of the yacht management department. The firm also started accepting cryptocurrencies as payment for all goods and services via BitPay.
Giovanni Alessi Anghini, chief technology officer at C&N comments: “IT infrastructure plays a big role in the company’s growth. Today we are not only envisioning the future, but we are executing it!”
C&N International is the oldest yachting company in the world, founded in 1782 as a shipyard in Gosport, England. MAA and Marine Industry News are now based at C&N’s original premises at Endeavour Quay in Gosport.
