The UK’s Oyster Yachts says that confidence appears to be increasing post-Brexit, with the total value of contracts signed in the last 12 months reaching just over £40m for new Oyster yachts and well over £25m for brokerage sales.
The UK boatbuilder says it has signed new contracts for a new-build of the ninth Oyster 885, the 42nd Oyster 575 and the 20th Oyster 625.
In the brokerage market, the Oyster 100-02 Penelope and Oyster 125-01 are both under contract and the company will launch the sixth Oyster 825 later this week. It will be heading to Antigua for the Oyster World Rally in January 2017.
David Tydeman, Oyster CEO, says the yacht market has been patchy over the past 12 months. The UK’s decision, in June, to leave the EU has put pressure on clients to defer their purchasing decisions.
“We're proud that Oyster has a strong order book, boosted by these recent contracts since the Brexit vote, and we are quietly confident we'll close 2016 with at least the £70m order book we ended 2015 with,” he says.
“We have really solid interest in the new mid-range Oyster 675 and Oyster 745 and look forward to presenting these yachts at the Southampton and Cannes boat shows."
Earlier this year, Oyster said it was expanding its workforce due to an increased order book for 2016. In January the company had 15 yachts in the fit-out stage – 10 at its Norfolk shipyard and five in Southampton – and another 11 orders waiting to start.