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The Emerging Asian Consumer
#3

The Emerging Asian Consumer

I dont know about yachts specifically.

The big shipbuilding powers are Korea, China, Japan (less so lately), Vietnam.

India and Brazil are starting to build their capabilities, but not really up there yet.

In terms of really upscale specialized ships like luxury cruises, that would be countries like Norway. However, Korea has been aggressively buying shipyards in Europe and basically taking over that area.

China is still in the lower echelons, such as basic dry cargo bulk ships. Their supply chains are poorly developed but they will eventually undoubtedly take over Korea as top dog in this area, as Korea took over Japan and Japan took over the US.

I would imagine that Norway/UK/Finland are active in luxury yacht building. Not positive though.

Why, pitt, are you thinking of buying a yacht?
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