LOS ANGELES — For more than a decade, the world of private watercraft has been a slow and steady decline.
But now, the industry is on the cusp of a major renaissance, with more than 10,000 privately owned and operated vessels operating across nearly 60 countries, according to the International Private Vessel Association, or IPVA.
That’s up from less than 1,000 in 2013.
“There is a lot of optimism in the private sector right now,” said Ira A. Levine, a partner at the law firm Levine & Associates who works with many of the industry’s biggest names, including the owners of the world’s largest private fleet of private vessels.
“The market has really opened up.
We have more vessels available than ever before, and that’s great for people who want to go out, but also for the people who don’t.”
Private vessels have grown in size and scope, and many of them are becoming more technologically advanced.
They are also increasingly equipped with lifeboats and life-saving technology.
The number of private boats has increased dramatically, from just 13,000 vessels in 2007 to more than 1.5 million today, according the IPVA, which is a trade association representing private vessels in the U.S., Canada and Europe.
Private vessels are more expensive than conventional vessels, but they are also cheaper to operate, and they are cheaper to maintain than other types of vessels, including commercial vessels.
That means that the average cost of a private vessel is only about 20 percent of the average for other types.
The industry also is finding ways to offer perks and privileges for owners.
While there are still a lot more owners and operators than in the past, the numbers are growing.
In 2015, more than 70 percent of private ships operated in the world had at least one crew member in their home country, up from about 15 percent in 2005, according IPVA data.
Some owners have begun offering perks such as free water and fuel.
A few have opened a restaurant, including in China, with some restaurants offering discounts to owners.
The private vessel industry has also experienced a renaissance, driven in part by the popularity of private jets, which are popular in many countries.
Private jets, while not as popular in the United States, are a booming market.
The American private jet industry, which was worth $11.5 billion in 2015, was up by $7.3 billion in 2016, according IHS Global Insight.
The International Air Transport Association, a trade group representing private aircraft owners, has estimated that the industry generated $8.9 billion in global revenue last year, an increase of 9.3 percent from the previous year.
The rise in popularity of jet ownership has also boosted the demand for new private vessels, which has spurred new interest in private ships.
Private ship owners have been expanding the fleet they own by creating more private boat facilities around the world, with a total of about 10,500 in operation.
But the private ship industry is not without its critics.
Critics say that there is little regulation and that there are problems with the industry itself.
Some of the biggest critics of the business, including some of the owners, are former or current U.N. officials, diplomats and former government officials.
In a 2015 report, the United Nations Special Rapporteur on the right to life, the right of refugees, and the right for indigenous peoples to self-determination criticized the way the private boat industry operates, calling the industry “a threat to the lives of the thousands of people who live on these boats and for which the majority of the global population lives in the Philippines, Bangladesh, and Sri Lanka.”
Other critics are private companies that have become targets for legal action.
In one recent case, the U and U.K. governments sued the owners and other owners of private fishing boats in the Gulf of Mexico for violating the U-N Convention on the Law of the Sea, a treaty that prohibits the use of any vessel or person for the purposes of commercial fishing or other activities in the South China Sea.
The owners and their companies are also facing accusations that they have been responsible for illegal fishing, or have deliberately failed to protect the fish they catch, according, among other things, to the Philippines.
But there are also plenty of positive developments for the private vessel sector, which includes some that have grown more than others.
In recent years, private vessels have become more sophisticated.
“Some of the best vessels today have been in the last 10 to 15 years,” said Michael R. Goglia, CEO of the International Boatmaker’s Association.
The boats are smaller and more efficient, he said, and owners have more freedom to make decisions about what they sell and where they go.
In addition, there is less competition from private boats, he added.
The global private boat fleet has grown from about 400 in 2007, according data from the International Maritime Organization, to more over 300 today. There are