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About the San Diego Superyacht Association
Officially founded in April of 2008 by a group of 16 prominent local marine businesses to better
enable San Diego to accommodate the growing Superyacht Industry.
Our Mission Statement:To promote San Diego as a world-class Superyacht
destination and provide a conduit to marine services and suppliers.
www.sdsuperyacht.org
Superyacht Facts etc• For the purposes of this study superyachts are defined as 80’+• Current numbers suggest that there are 7000 yachts over 80’ cruising the worlds
oceans.• Since 1997 the world’s superyacht fleet has nearly doubled• The industry rule of thumb is the annual operating expense of yachts is 10% of the
vessels value.• 10% of the world’s superyachts have visited San Diego waters• On average boatyard and marina expenditures amount to 1/3 of the overall cost of
operating a superyacht• The average annual operating expense for a 164’ yacht is $4-$4.5m• The SDSA estimates that 1300 jobs are involved with supporting the superyacht
industry in San Diego
www.sdsuperyacht.org
Annual Operating Budget 135'
$408,996
$93,815
$55,800
$597,244$172,500
$506,860
$400,000 Salaries
Administration
Communications
Crew Expenses
Insurance
Operating Expenses
Maintenance
Economic Impact of Superyachts in San Diego• Boatyards
– Maintenance of a yacht• Maintenace budget for a 135’ yachts
averages $400-$500K per year.– Growth
• The yards surveyed showed nominal growth from 2006-2007 and shot up to an average of 60% growth from 2007-2008.
– Facility improvements• The Marine Group invested
considerable capex into their facility including upgrading of their lift capacity in 2007.
• Marinas– Average Slip fees $30 per foot per month.– Average marina stay in 2004 35 days. The
average marina stay in San Diego in 2008 was 75 days or 114% growth since 2004.
– San Diego has 150 slips and 8 med ties for superyachts.
– Shelter Island Marina has seen 235% growth in superyacht business since 2000.
Shelter Island Marina
The largest superyacht to have a yard period in San Diego
was 301’ MY Tatoosh
Superyacht Shipyard Market Share 2007
73%
23%
4%
Global
South Florida
San Diego
Golden Fleet spent $46m on new build and refit in San Diego in 1994
Economic Impact of Superyachts in San Diego• Marine Suppliers and General
ServicesProducts
– Fuel, cleaning supplies, deck equipment, electronics, canvas, carpets, hardware.
Crew Placement– Crew salaries on a 135’ vessel run between $400-
$600K per annum– Recruiting and crew placement expenses on a
135’ yacht can run between $20-$35K per annum
• Non Marine BusinessesProvisioning
− $500k per annum for owner’s food and beverage 135’ superyacht.
Products− Food, beverages, flowers, linens, uniforms,
travel, medical expenses, toiletries, transportation.
Crew spending trending− Crew members spend on average up to
$2000 per person per month while in port. The average 150’ yacht sails with 10 crew and can spend $20,000 per month which flows into non-marine businesses.
− Crew spend money in restaurants, bars, retail, transportation, hotels and leisure activities.
Superyacht Business Growth 2006-2008 C2C
0
5
10
15
20
25
30
35
1 2 3
C2C saw 111% growth from 2006-2007 and53% growth from 2007-2008.
Future Opportunities For San Diego: The Superyacht Market
• Grow superyacht traffic– World class events
• Sporting • Film• Philanthropic
– Expanded charter opportunities• Loosening of regulations
– Diverse cruising grounds• Alaska• Panama• Mexico
– Facilities• Embarcadero mooring• Marinas• Yards
San Diego
Future Opportunities For San Diego The Superyacht Market
• Technology transfer– As technology is developed
for commercial and military purposes transfer this technology to yachting market
• Greening of yachts– Leading the green movement– wind, solar and hybrid marine
technology • Establishing San Diego as
the world’s premier refit center– Drawing yachts to San Diego
for major refits
MY Ice & MY Tigre D’Or San Diego
MY Leander and 10 others, Antibes