2012 is turning into a turbulent year with a dramatic decrease in the number of yachts sold in recent months. The charter market is still relatively slow for the peak season with lots of clients demanding discounts before they commit. In Yacht Management new fiscal regulations are causing further problems in Italy where it is expected to be a very quiet season. However the charter and new construction industries are benefiting from growth in new markets including Brazil and China respectively. The crew market is busy but with much more short term placements than usual.