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Yacht brokers happy

Greek yacht brokers broke into smiles after reading the results of a recent ICAP research. The study<.> shows an annual increase of 10% in yacht rentals over the next seven years.

By 2005, says the study, annual yacht rentals in Greece will reach 37,000, compared with about 20,000 recorded last year. The increase will require additional yachts and yacht berths, says the study.

One company that had already foreseen future increases is Vernicos Yachts. The Athens-based company has not only ordered new yachts but also participates in a company that constructs marinas.

For the first half of this year, Vernicos increased yacht rental sales by 17% over the same period last year and increased profit by 35% to reach 327 million drachmas. For all of 1999, Vernicos expects to increase total net profit by 50% against 1988 until it surpasses 450 million drachmas….

Greek yacht brokers broke into smiles after reading the results of a recent ICAP research. The study<.> shows an annual increase of 10% in yacht rentals over the next seven years.


By 2005, says the study, annual yacht rentals in Greece will reach 37,000, compared with about 20,000 recorded last year. The increase will require additional yachts and yacht berths, says the study.


One company that had already foreseen future increases is Vernicos Yachts. The Athens-based company has not only ordered new yachts but also participates in a company that constructs marinas.


For the first half of this year, Vernicos increased yacht rental sales by 17% over the same period last year and increased profit by 35% to reach 327 million drachmas. For all of 1999, Vernicos expects to increase total net profit by 50% against 1988 until it surpasses 450 million drachmas.

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