Peters & May Reports Significant Growth in its Part Charter Business

Peters & May, the leader in yacht transportation, is reporting a significant growth in its part charter yacht shipping business.

The company has been in the global boat transport business for over 25 years and primarily built its business and reputation around reliable liner services. The global recession has forced a change in the solutions offered by the company. 

Dave Holley, Chief Executive of The Peters & May Group explains. “Since the beginning of the recession we have seen a change in the demands of our customers.  Historically they had preferred to pay a premium to use our reliable liner services and swayed away from the less reliable, cheaper, part charter services offered by our competition.  With more focus on keeping the delivery costs down, the part charter option has become more popular and we have responded by offering our own solution.  We did not rush into the market but instead evaluated what type of solution to offer and how best to present it.  The end result is a cost effective part charter solution that maintains the high levels of service and openness offered on our liner solutions.”

The part charter solution was first offered into the Northern Europe to Mediterranean trade last season and was well received from day one.  In the first year the company filled 22 cargo ships with yachts and continued to run liner services to its other trade lanes.  Despite the poor global economy the Peters & May group still shipped over 3000 boats in 2012.

“In the last two weeks alone we have booked three complete vessels full of yachts.  Now we are taking the same part charter shipping model to our USA office and they will be focusing on developing the US East Coast to West Coast market.  It is great to be in a position to offer our clients a part charter solution in addition to our liner services”, says Holley.