Yachts have grown tremendously since the Dutch yacht boom of the 1600s. Yacht comes from the Dutch word ‘Jacht’ meaning hunt. The reason these containers were associated with the word hunt was because they were light and wild to chase buccaneers by the Dutch Navy. Since then they have developed and grown, but how did they evolve from naval expedition vessels into superyachts?
What Were Yachts Used For?
In 1620, Charles II used a vessel to sail from England to the Netherlands. Since then, yachts have been associated with wealthy or prosperous people. Despite its origins as a chasing vessel for its speed, this early association with the British kingdom meant that yachts are known for transporting those with enough affluence to afford them.
Yacht sales continued to grow across Europe as the vessels became progressively used for transporting both people and cargo over long detachments. They were also included in excursions as they were initially intended for, and this led to the discovery of new lands.
Yachts in the Present Day
A major change observable today over yachts from hundreds of years ago is they’re no longer just cruising vessels – they now contain engines. Size-wise, there are many vessels awash today which easily go beyond 100 meters in length.
The use of yachts as practical vessels and transporters of the wealthy have continued to this day. They are however being used less for work, as other boats and ships are better built for lengthy tasks, including trade fishing and shipment.
There are various types of yachts, including daily yachts, weekender yachts, racing yachts, luxury sailing yachts and superyachts. Privately-owned yachts are now used for freedom events as well as voyages. Yachts are also raced in numerous competitions, and this stems from its roots as a wild vessel.
Nowadays, yachts are still known for being associated with the gorgeous and celebrated. In fact, the vast majority of luxury yacht and superyacht owners are Ultra High-Net-Worth Individuals (UHNWIs), whose net assets are above $30,000,000 (USD). In 2015, it was estimated that there are some 200,000 of these folks around the world.
A superyacht is largely defined as a luxury yacht that is over 24 metres in length. Luxury yachts are very exclusive, hence their association with wealth. They are privately owned and professionally-crewed marine or motor cruisers. Between 1997 and 2008, there was a histrionic growth in the size of yacht constructs, however demand for the largest yachts released off slightly between 2009 and 2011. It has picked up again in the years since, with numerous superyachts measuring in additional of 180 rhythms being commissioned this year.