The Russian market for what we call the mega-yacht, the big yachts in the world is about 17 to 18 percent. However, if you look at the yoting market overall, the Russian market is down to 7%, 8%. So of course, it has been a bit of an impact on our whole industry. But from what we said earlier, and the influx of new customers mainly from America, we've been able to compensate a little bit the loss of the Russian market by the arrival of these new customers. The biggest impact is indeed with the larger yachts, where you are obviously a main impact of the bigger shipyards, which were building the 200-300
Raphael Sauleau, CEO of Fraser Yachts, discusses seeing strong demand for luxury boats post-pandemic.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.