Rich Asians Go Full Steam Ahead Into Superyachts -- Reuters
The newly wealthy in Asia think nothing of spending big money on a big boat for prestige and fun but the region's nascent yachting class may have trouble finding a berth in overcrowded marinas.
Asia is home to less than 4 percent of the world's 7,000 superyachts but interest has been taking off for the last five years and many buyers are young, executives from the luxury boat industry said at a conference in Singapore on Wednesday.
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My Comment: The money and waters are there .... so why not the boats.
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