Home East Africa Yacht arrivals increase in Seychelles ringing in more money

Yacht arrivals increase in Seychelles ringing in more money

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Seychelles saw a 71.6 percent increase in the arrival of yachts in 2021 compared to 2020.  That time the island nation was greatly affected by the COVID-19 pandemic. According to official figures 91 yachts, including superyachts, visited Seychelles in 2021 while only 53 came in 2020

Seychelles saw a 71.6 percent increase in the arrival of yachts in 2021 compared to 2020.  That time the island nation was greatly affected by the COVID-19 pandemic. According to official figures 91 yachts, including superyachts, visited Seychelles in 2021 while only 53 came in 2020.

For the first six months of 2022, close to 60  yachts arrived in the island nation and   SPA expects around 80 yachts to come  this year. Among the calls made to Seychelles, an average of 20 yachts each year are superyachts. These are privately owned, professionally crewed sailing or motor luxury yachts that are over 24 metres (79 ft) long.

The ports authority collects port dues depending on the length of a vessel’s stay in Seychelles.  When a vessel berths at a port managed by the authority, it also has to pay a fee. On an average, port authorities collect around SCR 4 million (US$281,267) per year from the yacht industry. The vessels, especially superyachts, bring in high spenders. They inject a lot into the country’s economy by buying supplies and fuel from SeyPec [Seychelles Petroleum Company].

Read also:

https://trendsnafrica.com/imf-vouch-for-recovery-of-seychelles-economy/

https://trendsnafrica.com/imf-vouch-for-recovery-of-seychelles-economy/

https://trendsnafrica.com/seychelles-to-introduce-e-money/

They also provide business to ship chandlers, pay an agency a fee if they are dealing with one, and also pay day-workers who come to help clean the vessels.

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