Fit for the Long Haul
The yacht refit sector of the shipyard industry is booming. In a world where most manufactured items are treated as disposable, nothing burns brighter than the hope of a yacht owner or new buyer who wants to spend a fraction of what a brand-new boat would cost yet end up with something just as good… or better.
New builds have traditionally been the celebrity darlings of the yachting world—even though many of us in the industry have known for years that repair and refit work is actually more profitable with a consistently higher return on investment.
Back in the early 2000s, when I was running a major refit yard in the Savannah area, our refit work alone generated, on average, annual gross revenue equivalent to $30
