Isle of Man adds Monaco and Switzerland for yacht ownership

Wednesday, 24 April 2013

The Isle of Man Ship Registry can now take vessels with ownership structures in Monaco or Switzerland thanks to legislative changes which were passed by the Manx parliament, Tynwald, this week. This is a strategic move in terms of superyachts which was introduced in response to requests by the yacht industry. Read More

Burgess comments on the world's largest yacht Azzam

Tuesday, 9 April 2013

The launch last week of Azzam by Lurssen Yachts, represents a significant milestone in the superyacht industry. Conceived for cruising in warm shallow waters, the vessel is an innovative and ground-breaking megayacht with fast speed capabilities, highly sophisticated facilities and an unprecedented degree of luxury. Read More

Burgess expands yacht management services in the US

Monday, 25 March 2013

Despite market conditions remaining tough globally, Burgess turned in an all-time record performance in 2012 across all divisions. The American arm of the company fared particularly well and is confident of a busy, if challenging year ahead. Read More

Superyacht insurance broker CRS Yachts launches new website

Thursday, 28 February 2013

The London-based specialist superyacht insurance broker, CRS Yachts, has relaunched its website. The site's fresh design and renewed content will provide visitors with a clear understanding of the services offered by CRS Yachts. Visitors to the new website should check out company's recently launched brand film. Read More

Central Yacht announces order for 56 metre Benetti FB266

Monday, 18 February 2013

Central Yacht has been appointed owner's representative for the build of 56 metre Benetti hull number FB266, a close sister ship to the Central Yacht styled and designed FB260 Lady Candy. Benetti have adopted some of the innovative features of Lady Candy but reverted to the waterline stern garage losing the beach club. Read More

Owner Feadship The Highlander comments on Ports of Cause

Monday, 12 November 2012

Clear Group International has announced the formal launch of Ports of CauseTM (POC), an innovative philanthropic superyachting enterprise. The first, and flagship, vessel selected to participate in the program is the renowned classic Feadship 116’ motor yacht The Highlander owned by Victor Muller. Read More

Owner of StarFish explains putting fire damaged yacht up for sale

Thursday, 8 November 2012

In the wake of a devastating shipyard fire three months ago at McMullen & Wing shipyard, Richard Beattie, owner of StarFish and chairman of Aquos Yachts, has decided to give a new client the opportunity to complete the project. The early-morning blaze, which began accidently in August just outside the three-quarters-completed yacht. Read More

Escape to the sun this winter with NetJets

Tuesday, 6 November 2012

As the rain rolls in, the nights begin to draw closer, and the promise of another chilly winter – or a tempestuous one, at the very least – seems to be the only thing that’s certain, for those of us that can, chartering our own private jet for a destination promising some winter sun could be just the ticket. Read More

MCM comments on 39 metre Alloy launch

Friday, 26 October 2012

At 10h10 exactly, on the 18th of October 2012 Alloy Yachts slid the completed 39 metre motoryacht, AY44 into the Henderson Creek for its first journey to the Auckland Waterfront. AY44 is 39.16 metre long with a beam of 8.9 metre and a draft of 2.7 metre. She is designed by Rene Van Der Velden and an interior created by Redman Whiteley Dixon. Read More

Interview with the owner of superyacht Lethantia

Monday, 22 October 2012

As many Royal Huisman owners come to recognise, the sense of reward from the creation of a fine custom yacht goes well beyond the undoubted pleasures of owning and sailing it. In the process of the build they will have supported and maintained traditions of outstanding craftsmanship that are becoming increasingly rare in the modern world. Read More

MCM reports positive results from Monaco Yacht Show

Friday, 5 October 2012

MCM reports positive results from exhibiting at Monaco“The annual pilgrimage to the Monaco Yacht Show was a busy time for all of us from MCM, having had meetings not only with vendors, designers and industry insiders, but also very in-depth and interesting deliberations with prospective clients..". Read More

Crystal Yacht Management set up by experienced team

Friday, 28 September 2012

A new yacht-management set-up has started its activities in Genoa, Crystal Yacht Management is fully dedicated to technical management activities and ISM Code compliance. A long experience in Ship management of sophisticated vessels is now available to the superyacht industry taking advantage of the ideal location just a few meters away from Marina Porto Antico, Marina Genoa Airport and from all the facilities available to this industry in Genoa. Read More

MYS Preview Video: A visit to Dutch Maritime Partners

Monday, 10 September 2012

Recently Dutch yacht industry veterans Duncan Schaaf and Arne Feenstra of the Amsterdam based management company Dutch Maritime Partners (DMP) announced that they had been awarded the contract to manage the 62-metre superyacht Icon. SYT’s Maarten Janssen visited the company and spoke with the founders. Read More

Owner of Star Fish responds to the fire at McMullen & Wing

Tuesday, 14 August 2012

Richard Beattie, Chairman of Aquos Yachts, and the owner of Big Fish and Star Fish, has responded to the traffic fire at the McMullen & Wing yard. "The entire Aquos Yachts team is shocked and horrified by the fire on board StarFish. We are also cognizant of the potentially devastating consequences of the fire for McMullen & Wing". Read More

5th Annual Superyacht Finance Forum to take place in September

Tuesday, 14 August 2012

September 18th, the 5th Annual Superyacht Finance Forum will take place in in Monaco. The program this year features an extraordinary line-up of Superyacht commercial and finance talent, including a unique, special feature exclusively on developments of the Chinese Superyacht market. We are extraordinarily fortunate to have Mr. Ji Fu-Xing, Deputy CEO of ICBC Leasing, flying in to participate in the program. Read More

Andrew Weir Yacht Management provide services to superyacht Ace

Friday, 10 August 2012

Andrew Weir Yacht Management was chosen to handle various services when the 87 metre Lurssen Ace arrived at Portland Harbour the other week. A call to the London offices of AWYM saw all hands on deck for the imminent arrival of Ace on the Dorset coast. AWYM had to make sure that all was in place for the hand over. Read More

Owners of M/Y My Way comment on their new yacht

Friday, 10 August 2012

Moonen Shipyards in the Netherlands has completed the Moonen 82 Alu fast displacement superyacht My Way for Russian clients who have been very involved in the entire process. Delivered exactly as planned, the yacht easily surpassed her specified speed of 25 knots in sea trials. The owner had previously owned a GRP motoryacht. Read More

Willis opens new superyacht office in Barcelona

Friday, 10 August 2012

Willis Group Holdings is due to open a new Superyacht insurance broking office at the prestigious MB92 shipyard in Barcelona. The new office opens its doors in September and Willis is offering all visitors a free analysis of their insurance arrangements at the MB92 shipyard. Read More

Hill Robinson appoints new Director

Thursday, 2 August 2012

Hill Robinson has announced the appointment of Franc Jansen as Director of Hill Robinson, France based in Antibes as of 1 August 2012. Well known in the industry Franc brings a wealth of knowledge and experience to the Hill Robinson team. Franc’s back ground is in commercial shipping and he holds qualifications both as a navigation officer and as an engineer. Read More

Willis North America appoints Rob Carron in Yacht Team

Thursday, 26 July 2012

Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Florida, today announced the appointment of Rob Carron, Account Executive, Willis North America Yacht Practice, effective immediately. Willis is a leading insurance broker that provides employee benefit and risk management solutions. Read More

2012 Results from Shipowners’ Club

Wednesday, 20 June 2012

The Shipowners’ Club, the specialist P&I insurer serving the global, smaller and specialist vessel sectors, announces its results for the year ended 20th February 2012, which feature a healthy overall surplus, increased premium revenues and growth in both tonnage and Member numbers. Read More

New director of Yacht Management-Europe at IYC

Tuesday, 19 June 2012

IYC has appointed Fabien Roché as Director of Yacht Management-Europe, a newly created position based in IYC’s Monaco office. This is a critical step in IYC’s widening global presence and indicates the firm’s dedication to placing key personnel close to clients to meet the exacting demands of the global superyachting marketplace. Read More

Chartis launching first suite of loss prevention services for yacht owners

Tuesday, 19 June 2012

Chartis today introduced the first-ever suite of loss prevention services for yacht insurance clients within its U.S. Private Client Group. Since its inception in 2000, Private Client Group has upheld a commitment to manage risk proactively. Yacht loss prevention builds upon an already extensive menu of risk management offerings for homeowners and collectors of art, wine and other valuables. Read More

Tax free deliveries of consumable goods on superyachts

Friday, 18 May 2012

With increasing pressure on governments to raise revenue, ever-changing rules, and differences in tax regulations for (especially) alcohol in relation to other products, Riviera Yacht Support clarifies some fundamental rules regarding the delivery of tax free goods to yachts in the EU. To purchase goods, including alcohol and provisions, tax free, the local Customs Office needs to be satisfied that the goods are to be exported, and consumed outside the EU. Read More

Cyprus lowers VAT for Yacht Leasing Scheme

Friday, 18 May 2012

The Cyprus VAT Service has launched new guidelines on VAT payments applicable under the Yacht Leasing Scheme. As a result, effective VAT rates can be reduced to as little as 3.4% of the initial value of a yacht - less than the equivalent in other favoured jurisdictions, including Malta. Under the Scheme, a Cypriot company can purchase a pleasure yacht and enter into a lease-sale agreement for the yacht with a third-party lessee. Read More

Dominion Marine Technical Services team expands

Thursday, 10 May 2012

The team at Dominion Marine Technical Services (DMTS) has recently grown in accordance with demand. Chris Allix, director and founder of Dominion Marine Corporate Services told us why: “As it is a requirement in the UK MCA Large Commercial Yacht Code (LY2) that all commercial yachts, over 24m and under 500GT have an effective Mini-ISM system on board...Read More

SYS successful in obtaining reimbursements to the Sardinia “luxury tax”

Tuesday, 8 May 2012

Sardinia Yacht Services (SYS), part of the Luise Group and Associate Partner of BWA Yachting, has announced that after arduous and challenging negotiations carried out on behalf of their clients, that they have been successful in obtaining reimbursements to the Sardinia “luxury tax” as it was more informally known (regional law N. 4/2006) which were charged to superyachts in 2006, 2007 and 2008. Read More

Getting yacht importation right is worth the effort

Friday, 4 May 2012

During the recent MYBA yacht show in Genova, Italy, a non EU yacht was boarded by Italian Customs, suspecting it to be there under temporary admission. After three days of scrutinising documents and asking questions, the customs authorities were happy that it had been formally imported and was free to circulate in EU waters. Read More

Amels 212 superyacht receives Green Passport

Thursday, 3 May 2012

Groundbreaking recognition from Lloyds Register for Ocean Management’s Green Passport initiative, implemented on the new Amels 212. She will become the first superyacht in the world to be awarded a Green Passport by Lloyds Register. The initiative for putting the yacht forward for the Green Passport came from Ocean Management. Read More

New faces at Affinity Management Services

Tuesday, 17 April 2012

Affinity Management Services Limited has announced the appointment in March this year of Andrew Morgan to the Board of Directors. Andrew has been with the company since 2008 and previously held the position of Yacht & Aircraft Manager. Read More

Federagenti on final approval of amendment on yachting in Italy

Friday, 6 April 2012

After the approval of the Senato della Repubblica, the House of Representatives voted the "Decreto Liberalizzazioni" which includes the Grillo and Cutrufo amendment for yachting. This amendment stipulates that the berthing tax will only be applied to Italian citizens who possess a vessel, regardless of whether it is kept in Italy, or overseas, even if it has a foreign flag. Read More

Owner comments on sales listing of D.P. Monitor

Thursday, 8 March 2012

Ciro Petrucci of Fraser Yachts, and Parisi Broker have been appointed as the co-central agents for the sale of the 28.8 metre converted tugboat D.P. Monitor, built by Benetti in the fifties. D.P. Monitor is listed at € 1,900,000. We spoke with the yacht's owner, who explains the history of the vessel, and his reasons to offer her for sale. Read More

Federagenti expresses satisfaction for amendment to Italian berth tax

Friday, 2 March 2012

Fulvio Luise, President of Federagenti Yacht (Italian Ship Agents) Division, expressed satisfaction today at the passing of the Grillo and Cutrufo amendment to the Italian berth tax legislation passed in late December 2011 which was to go into effect May 1st 2012. The amendment stipulates that the berthing tax will only be applied to Italian citizens who possess a vessel even if it has a foreign flag. Read More

Breaking news regarding the Italian yacht tax

Wednesday, 29 February 2012

BWA Yachting informs us they have learned that in Italy today, an amendment was passed that modifies the recent “Berthing Tax” law that have had many in our industry worried. It is understood that only Italian flagged vessels will be required to pay this tax and therefore all non-Italian flagged vessels will be exempt. Read More

Interview with superyacht owner Sietse Koopmans at the GSF

Thursday, 26 January 2012

At the end of last year I was invited by The Superyacht Group to attend the Global Superyacht Forum in Amsterdam, The Netherlands. One of the most interesting sessions was the Armchair Interview, where Martin Redmayne, Chairman of The Superyacht Group, spoke with Bart Bouwhuis of Vripack and superyacht owner Sietse Koopmans. Read More

62 Metre superyacht Icon now under DMP management

Wednesday, 11 January 2012

Only recently Dutch yacht industry veterans Duncan Schaaf and Arne Feenstra launched a new management and consultancy company in Amsterdam, The Netherlands, Dutch Maritime Partners (DMP). They now proudly announce that they have been awarded the contract to manage the 62-metre superyacht Icon, launched by the Icon shipyard in Holland. Read More

Federagenti aggressively advocating review of new Italian yacht tax law

Wednesday, 4 January 2012

A new Italian yacht tax was signed into law on December 22, 2011 and will go into effect on May 1, 2012. Federagenti, the Italian organization which represents over 50 companies involved in the mega yacht industry, as yacht agents and service providers, is aggressively advocating for an immediate review of the law along with various prominent yachting associations who together represent all aspects of the yachting industry in Italy. Read More

Regs4ships surveyors approved to represent Flag State of Malta

Tuesday, 20 December 2011

On Monday 5 December 2011, Regs4ships Limited Senior Surveyor Mark Robinson and Surveyor Robert Aldous were officially appointed as government ship surveyors for Transport Malta. Now officially recognised, Mark and Rob can conduct flag‐in surveys as well as perform flag state inspections and annual surveys for all Maltese registered vessels, regardless of size. Read More

Demler Marine Projects rebranded

Friday, 18 November 2011

Demler Marine Projects GmbH started already in 2006 as Philip Demler Yacht Consulting. After five years of an exclusive cooperation with another project management firm, the company has now been rebranded and continues to provide professional project management and owner‘s representation for ambitious yacht projects. Read More

IYB celebrates 5 year anniversary and welcomes 450th yacht

Monday, 14 November 2011

The month of October presented a double milestone for the International Yacht Bureau (IYB) as it celebrated its 5th anniversary and welcomed the 450th yacht into its Register of Yachts; Penny Mae. Built to ABS class in 2004 by Richmond Yachts, the 44 metre motor yacht completed the required surveys and plan review for certification. Read More

The Shipowners’ Club appoints new Loss Prevention Director

Wednesday, 19 October 2011

The Shipowners’ Club, the mutual P&I insurer specialising in small and specialist vessels has appointed David Heaselden to the new post of Loss Prevention Director, with immediate effect. The post, which is an appointment to the Shipowners’ Protection Limited Board reflects the importance Shipowners’ Club accords to loss prevention advice provided to its Members. Read More

iYachting Services launches a unique solution to the new European VAT

Thursday, 22 September 2011

The new European VAT Directive (VAT Package for B2B, since 01/01/2010) regarding luxury yachts and charter activities is creating a lot of added worries and red tape. In concrete terms, the new European VAT Directive means that, in the case of private use, VAT must be paid in the country from which the luxury yacht leaves. A large number of EU countries are imposing strict checks on the payment of VAT when luxury yachts are used for private purposes. Read More

New management and consultancy company launches in Amsterdam

Friday, 16 September 2011

Dutch yacht industry veterans Duncan Schaaf and Arne Feenstra have just launched a new management and consultancy company in Amsterdam, The Netherlands, Dutch Maritime Partners. Both Duncan and Arne have been involved in the yachting industry for more than 10 years, working at shipyards, overseeing yacht refits. Read More

Moore Stephens to present views on current VAT issues in Monaco

Tuesday, 13 September 2011

Ayuk Ntuiabane, director of Moore Stephens Yachting will present the firms views on current VAT issues relating to superyachts and their owners at the 4th Annual Superyacht Finance Forum on Tuesday 20th September, the eve of the 21st Monaco Yacht Show. Hosted by Marine Money International the forum has become a “must attend”. Read More

Isle of Man leads the way on MLC

Friday, 19 August 2011

One of the hot topics in the superyacht industry is the ILO Maritime Labour Convention 2006 (MLC) and how it will affect builders, owners, managers and crew. The Isle of Man’s Ship Registry is at the forefront of the industry in the implementation and interpretation of the MLC. The work that the registry is doing is of immense practical benefit to all those involved in superyachts. Read More

Shipowners’ Club launches simplified, All Risk policy for yachts

Monday, 15 August 2011

The Shipowners’ Club, one of the few P&I Clubs to offer specialist yacht insurance, has taken a new approach to yacht liability, offering an All-Risk policy that seeks to de-mystify aspects of the traditional wording contained in typical P&I insurance Rules and making the conditions understandable to non-specialist yachtsmen and brokers.

Ardel Trust hits Private Client Practitioner’s top 25

Friday, 12 August 2011

Ardel Trust has been recognised by a leading title within the private client arena, Private Client Practitioner (PCP), in its recent rankings. The Top 25 Trust Companies rankings are based on information provided by firms as well as published data and PAM Insight’s market knowledge. Gary Le Cras, head of the marine services will be representing Ardel Trust at the 2011 Monaco Yacht Show. Read More

Shipowners beefs up it's Singapore branch

Wednesday, 10 August 2011

Growth in demand for its liability insurance cover for small and specialist vessels of all types is cited as a major imperative behind Shipowners’ moves to expand its team of underwriters and claims handlers at its Singapore branch. Improved customer service to Members and their brokers based on local, time zone based expertise is another goal of the expansion. Read More

Shipowners’ P&I restructures it's London operation

Monday, 25 July 2011

As part of its on-going drive to increase both customer focus and operational efficiency, the Shipowners’ Club, which specialises in the provision of P&I insurance cover for small and specialist vessels worldwide, has restructured the key departmental functions at its London branch. Read More

MCM at the 2011 Monaco Yacht Show

Tuesday, 12 July 2011

Peter Wilson and Nigel Wilson, founding partners of MCM, who have been attending the Monaco Yacht Show since year one, announce that MCM will be exhibiting this year in the cool of the air-conditioned Parvis Piscine on stand QP58. Michael Tyrwhitt-Drake and Mark Dauplaise of the Yacht Management team will also be in attendance. Read More

The Maritime Labour Convention 2006 – the good, the bad and the ugly

Friday, 24 June 2011

Much has been written about the Maritime Labour Convention (“MLC”) for the past year when the Yachting industry started to raise concerns about the impact of the convention on yachting. The Convention is due to come into force in the coming year or so and yacht owners are extremely concerned that this will restrain their yachting experience. Unfortunately, as it stands the yachting industry will suffer some impact from the convention. Read More

Floating Life in Turkey at the Marmaris Yacht Marina

Wednesday, 8 June 2011

Floating Life International, a Swiss group specialised in the management, charter, sales and fractional ownership of superyachts, has a new base in Turkey for regional development. After opening their office in Shanghai in 2006 and in Monaco in 2010, Floating Life has landed at Marmaris. The Marmaris Yacht Marina will be the central base. Read More

Yachting in Spain given hope in regional elections

Tuesday, 31 May 2011

Following the well publicised 'Hoot for Yachting' protest orchestrated by all the yachting and water sports associations in The Balearics, the industry has been given a boost by the results of the Spanish regional elections, which took place on Sunday the 22nd May. The centre right Partido Popular, (PP) won a resounding victory in the islands taking control of every level of local government and ousting the fragile coalition of leftist, green and nationalist parties that have held power for four years. Read More

Sea-Alliance launches crew recruitment division

Friday, 13 May 2011

Sea-Alliance Group (SAG), the international maritime business, is undergoing significant growth and is now extending its offering to include Crew Recruitment as one of its many professional services.The company, which provides services in yacht sales and purchase, new construction and technical management, yacht management, charters, marina management and marine projects, has added this new service as it expands the scope of its management solutions in reaction to demand from its growing customer base. Read More

New all risk insurance for superyachts from Pantaenius

Friday, 6 May 2011

Pantaenius has announced the release of a new All Risk insurance product for Superyachts valued at over 5 Million Euros (€5m). Pantaenius has a proven and well deserved reputation for innovation in the field of marine insurance and has released a new All Risk policy for Superyachts. The new policy has been designed in-house drawing on over 35 years of experience in this specialist market sector. Read More

Spanish nautical industry’s matriculation tax protest update

Tuesday, 3 May 2011

At the Palma International Boat Show in Mallorca, the planned protest by all sectors of the Spanish and Balearic yachting / water sports industry reached a momentous level of volume at exactly 12:00 noon, on each day over the May bank holiday weekend. Professional captains were all really keen to join the the matriculation tax protest. Read More

Spanish nautical industry to protest on the 12% matriculation tax

Friday, 29 April 2011

A group of yachtsmen and nautical business owners, together with private and professional boat captains including recreational sea fisherman, are determined to express their disappointment with the local and national authorities in Spain and The Balearic Islands in regards to the matriculation tax, in a passionate and very practical way. Read More

Vistra appoints new Marine & Aviation Director

Thursday, 21 April 2011

Vistra Group today announced the appointment of Marina Gall as its new Director of Marine and Aviation Division. Vistra’s Jersey based Marine and Aviation division offers clients a wide spectrum of services covering the acquisition, ownership and operation of luxury yachts and private aircraft. Marina comes from an accounting background, having spent over 10 years with UK accountants Dodd and Co. Read More

Moore Stephens Crew Benefits establishes Antibes presence

Thursday, 14 April 2011

Moore Stephens Crew Benefits Limited ("MSCB"), a source for niche financial products specifically for Superyacht crew, has announced today that Graham McNamee has been appointed as sales manager in the Riviera. He will be based in Antibes. Graham stated: "With yachts returning to the Med for the season it’s the perfect time to be there". Read More

Launch of Superyacht Accounting Services LTD

Monday, 7 March 2011

SuperYacht Accounting Services LTD is a yacht specific, bespoke book-keeping support and solutions company, which helps ensure the superyacht captain is informed with prompt, comprehensive, real-time, on-time, financial information & reports. Read More

Owner of Turquoise comments on the launch of his latest superyacht

Wednesday, 23 February 2011

This year will mark a milestone for the Proteksan Turquoise shipyard with no less than three yacht deliveries planned in the first three quarters. First to enter the water is Turquoise, a repeat order from the original owner, who comments: “In 1993 I was introduced to new build project taking shape in Turkey." Read More

Piers Flood joins Ocean Management as superyacht manager

Wednesday, 16 February 2011

Ocean Management, the yacht management arm of Ocean Independence, is pleased to announce the appointment of Piers Flood as a Yacht Manager based at Ocean Management head office in Uster, Switzerland. Oxford born Piers originally qualified as a land based engineer and cut his teeth as a project manager on high value engineering projects before fulfilling his ambition to work at sea as an engineer. Read More

MCM grows as owners seek efficiecy

Monday, 17 January 2011

Having successfully launched six new Superyachts in 2010, acting on behalf of the owners, MCM reports that its Yacht Management Division is expanding as more owners look for efficiency. MCM now manages 20+ yachts, both power and sail. As demand has increased and the portfolio expanded, MCM has recruited new staff. Read More

Barclays Corporate Jets & Superyachts now part of Barclays Wealth

Thursday, 2 December 2010

Following an internal reorganisation, the Barclays Corporate Jets & Superyachts (CJ&S) team now forms part of Barclays Wealth, a leading global wealth management firm, having previously been run as part of the Barclays Corporate business. Read More

Equisea successfully presented SeaVision Platform at 2010 Monaco Yacht Show

Tuesday, 30 November 2010

Equisea successfully presented its “SeaVision Platform” at the Monaco Yacht Show 2010: a groundbreaking combination of online software with dedicated terminals for manager, captain and owner to globally and efficiently manage yachts. Over the last years, Equisea has been busy developing SeaVision Platform. Read More

Isle of Man tops shipping industry flag state performance table

Friday, 26 November 2010

The Isle of Man’s Ship Register has been named one of the best registers in the world after emerging with no potential negative performance indicators in the 2010 Shipping Industry Flag State Performance Table, an annual exercise undertaken by leading shipowner groupings on the basis of 19 objective criteria. Read More

Latest news from Marine Technical Design Ltd (MTD)

Tuesday, 23 November 2010

Marine Technical Design (MTD) provides design, technical services and project management to the luxury and mega-yacht industries. Over the years the company has been involved with some of the world’s most prestigious newbuilds and classic yacht refits. MTD is headed by Alastair Bingham, a chartered naval architect. Read More

Pelagos Group: Providing yacht construction management services

Monday, 8 November 2010

Pelagos Group was established by Brian Cromer, a former project manager at Delta Marine in Seattle and Derecktor Shipyards in Connecticut. Brian Cromer brings a combined experience of twenty years as a professional mariner and ten years as a project manager at two premier US shipyards (Delta Marine and Derecktor) to the yacht owner's side of the table. Read More

David Geffen now sole owner of 138 metre superyacht Rising Sun

Friday, 15 October 2010

In 2004 the German Lürssen shipyard launched one of the largest superyachts in the world, the 138 metre Jon Bannenberg designed Rising Sun. She was commissioned by well known yachtsman Larry Ellison and around 4 years ago David Geffen joined Larry Ellison as co-owner of Rising Sun. Read More

Stephen Brew joins the board yacht management company I-Cap Marine

Wednesday, 13 October 2010

Mr Stephen Brew has joined the board of yacht management company I-Cap Marine Ltd. I-Cap Marine provides a wide range of management services primarily to owners of superyachts, including registration, provision of representative person, project management, crewing and payroll solutions, accounting and VAT work. Read More

Superyacht owner Eddie Jordan set to join the Oyster fleet

Tuesday, 12 October 2010

Superyacht owner Eddie Jordan set to join the Oyster fleet with an Oyster 655. David Tydeman, Oyster CEO, said: "I'm delighted that Eddie is joining the Oyster fleet through his family trust's purchase of an Oyster 655. I'm sure he'll have a great time sailing the Oyster 655, which combines sparkling performance with great comfort." Read More

Sturge Taylor & Associates Limited subscribe to red24

Tuesday, 12 October 2010

Sturge Taylor & Associates Limited, yacht insurance specialists, have subscribed for the benefit of its clients to the Security Advice and Remote Assistance services provided by red24, Global Security Specialists. Read More

A year with the owner of superyacht Onyx on board

Monday, 4 October 2010

The idea of living at sea for a year and exploring the Mediterranean and Caribbean had been our dream for some time. Leaving our home comforts and setting off for an adventure like this was alluring, invigorating and terrifying all at the same time! Our adventure began on a relatively chilly day in April 2009. Read More

Superyacht seller’s finance by Yachtnote

Thursday, 30 September 2010

In today’s market, finance is not easily available. The biggest ship finance bank, HSH Nordbank, even announced early September that, given the market outlook, it will not finance any new acquisitions of ships. In the yachting market the situation is not much different. Banks are very reluctant to lend money. Read More

Jersey Trust Company enhances Marine & Aviation service offering

Monday, 30 August 2010

In response to growing demand from its clients, Jersey Trust Company (JTC), one of the Channel Islands leading independent financial services firms, has formalised its specialist marine and aviation services offering. Read More

Spencer Lloyd joins Frank Crystal & Company

Monday, 2 August 2010

Spencer Lloyd has joined Frank Crystal & Company as the national Yacht Practice Leader within the company’s Private Client Services unit. Lloyd, who is based in South Florida, is responsible for the brokerage, placement and servicing of insurance for a broad array of luxury watercraft on behalf of Frank Crystal’s clients across the globe. Read More

Royale Oceanic opens new Monaco office

Friday, 23 July 2010

Royale Oceanic has announced the opening of their new ground floor office in Monaco situated in an attractive building conveniently close to the harbour. Initially manned by senior Royale Oceanic staff, the new office opening coincides with the forthcoming Monaco Yacht Show in September. Read More

Hill Robinson continues steady growth

Friday, 9 July 2010

Hill Robinson announces the strengthening of its key departments to reinforce their position as the leading independent yacht management company. New personnel have been recruited in the Antibes office to offer additional support to the Technical Departments; Charter Management Department; Crew Administration and Operational Support. Read More

Advisory information from the Yacht Charter Association for The Balearics

Monday, 5 July 2010

Against the background of wide global press coverage regarding fiscal / tax problems for boat owners and charterers in the Balearics just recently, the leading charter management companies on the islands which are amalgamated under the Balearic Nautical Business Association (AENB) have issued the following information. Read More

MCM: Six new yachts launched in four months

Friday, 11 June 2010

Following on from the successful handover of the 58.4-metre Dubois designed sloop, Kokomo, currently in Tahiti – MCM has five superyachts either launched - or very close to the slipways. The first is Lady B, a high-performance Dubois 44.7-metre cruising sloop, with a graceful low-profile, and a Rhoades Young interior. Read More

Fraser Yachts awarded management contract for Meduse, Octopus and Tatoosh

Thursday, 10 June 2010

Fraser Yachts / Yacht Services Division is has announced that they have been awarded the renewal of the yacht management contracts for M/Y Octopus, M/Y Tatoosh and M/Y Meduse. In addition to this news, Stuart Larsen of Fraser Yachts has been appointed as the owner’s central agent for the sale of M/Y Tatoosh. Read More

YachtNote launches superyacht seller finance services

Wednesday, 9 June 2010

One of the most well known superyacht financing companies, Ciris Capital, has just released information on their latest service; Yachtnote, seller finance services. In the following article Remco Immink, one of the directors of Ciris Capital, explains more about this new service. Seller finance is when the seller of a yacht allows the buyer to pay back part of the purchase price over time. Read More

Florida boat sales tax cap goes into effect on July 1, 2010

Friday, 4 June 2010

In what amounts to a major victory for Florida’s struggling marine industry, a measure limiting the sales-use tax on boat purchases now is poised to become law. Florida Governor Charlie Crist signed the larger Jobs for Florida Bill, CS/SB-1752, which contains the Florida Boat Sales-Use Tax Cap legislation on May 28, 2010. Read More

Vantage, a new name in the superyacht industry

Friday, 4 June 2010

There is a new name in the yachting industry; Vantage. A new name, but one backed by a tremendous heritage and pedigree. Vantage is the suite of services provided to the super yacht industry by Döhle Private Clients Limited, which is part of one of the world’s largest shipping companies, employing over 3,500 seafarers on over 300 vessels. Read More

New rules for harbour master formalities in Italy

Thursday, 3 June 2010

As a result of the intensive collaboration activity with Federagenti (The Association of Italian Shipping Agents) on the 18th May 2010, the General Management for Sea Freight Transport of the Ministry of Transport has informed the Italian Harbour Master’s Office in Rome of the new procedure about the Harbour Master’s formalities regarding arrival and departure of Italian, European and Non-European commercial yachts or pleasure vessels. Read More

The Italian Job – the Financial Police get tough on Yacht Owners

Wednesday, 2 June 2010

Quentin Bargate, Senior Partner of the City law firm Bargate Murray and head of the Superyacht Group comments on the recent seizure of superyacht Force Blue and how yacht owners and managers can protect themselves Italy and superyachts seem to mix less well than oil from a leaking BP platform and water at the moment. Read More

Engel & Völkers Yachting and Equisea Yacht Management sign collaboration agreement

Friday, 28 May 2010

Engel & Völkers Yachting GmbH in Hamburg and Equisea Yacht Management have entered into a dedicated collaboration agreement. The aim is to create synergies between a unique high standard service system in yacht sales and charter brokerage, capitalizing on a growing international network of licence partners, and an innovative professional yacht management offer. Read More

Superyacht Force Blue Seized by Italian Customs

Monday, 24 May 2010

Force Blue was seized by Italian Customs Officers early on Friday morning in La Spezia. Officers from the Guardia Di Finanza took control of the vessel with the authority of a local prosecutor. The claims made against the vessel’s owners, state that there is outstanding VAT owing which should have been paid on fuel used. Read More

Inserve Yachts move to prestigious new offices

Tuesday, 18 May 2010

In April, Inserve Yachts moved to prestigious offices in central Southampton. Inserve Yachts provides independent safety, security and technical services to the large yacht industry. The company specialises in ISM and ISPS management systems, tailored to be practical and beneficial to each yacht as well as providing ongoing shore support. Read More

Equisea Yacht Management launches SeaVision Platform

Monday, 17 May 2010

Equisea Yacht Management is specializing exclusively in integrated and business oriented management of crewed, private and charter yachts of any size. Owners and crew are our principal source of inspiration to constructively develop and implement new ways of running yachts in a transparent and cost-efficient manner. Read More

Boat sales tax cap passes Florida state legislature

Monday, 17 May 2010

The Boat Sales Tax Cap passed the Florida State Legislature as part of the larger Jobs for Florida Bill, CS/SB-1752, on Friday, April 30, 2010 – the last day of the Legislature’s current session. It now moves on to Governor Charlie Crist, who voiced his support for the Florida Jobs Bill. Read More

YMG Group takes over full ISM and ISPS Management for superyacht Anedigmi

Wednesday, 5 May 2010

The Switzerland based YMG Group subsidiary company YMG Sec Safe Ltd located in Gibraltar received the Isle of Man Document of Compliance (DOC ) and just took over the full ISM and ISPS Management of 50 metre superyacht Anedigmi. The Yacht is now also available for Charter after a refit in Germany and on her way to the Mediterranean Sea. Read More

Yacht management company is looking for a fleet manager

Wednesday, 17 March 2010

Monaco based, expanding, innovative and integrated Yacht Management Company is hiring a fleet manager (m/f) to take care of the operational, technical, administrative and financial aspects in relation to the preparation and operation of various types of crewed yachts. Candidates should have the following profile. Read More

Marine Dragon grows with Chinese Yachting Market

Monday, 15 March 2010

Following the growth of Asia yachting market, Marine Dragon is has strengthened its consulting and project management team with William Jelbert and Joe Yuen. The arrival of William is enlarging the scope of services of MDC in China and South East Asia. With 5 years experience in yacht design and construction for Robertson & Cain. Read More

Latest news from Blue Ensign Ltd

Tuesday, 22 December 2009

Blue Ensign Ltd has just completed a project to register two racing yachts owned by the Russian TP52 racing team, called Valars III and Valars IV. Both yachts, normally based in the south of France, were re-classified as commercial yachts to avoid leaving the EU every 18 months, which was inconvenient and expensive. Read More

Watkins Superyachts Ltd under new independent control

Monday, 14 December 2009

Watkins, the City of London based large yacht specialist, building on the solid foundations of their birth within the Lloyd’s insurance market, is now under new independent control and is to be renamed Watkins Superyachts Ltd. Read More

Ocean Management now commercial passenger ship certified

Tuesday, 30 June 2009

Ocean Management was delighted to win the mandate for the full management of this magnificent 90.6m mini-cruise vessel. Sunrise was largely re-built in 2001 and subsequently benefited from a full interior refit in 2004. Since OCI concluded the sale of the vessel in April she went into immediate service for her new Owner. Read More

ASP managed yacht Northern Cross goes green

Monday, 29 June 2009

ASP Yacht Management based in San Remo Italy and managed by Lena Sundell has encouraged the owner of Northern Cross to convert his yacht into an environmentally friendly vessel. Lena, contacted environmental and organic supply specialist Earthly Supply Company in Antibes France, to supply products and services for this project. Read More

CRS Yachts opens new office in Antibes

Tuesday, 19 May 2009

CRS Yachts, the specialist superyacht insurance broker is pleased to announce the opening of a new office in Antibes, in partnership with Asttral SA. With an ever-growing client account and in order to continue providing optimum levels of service, Antibes will offer our clients in the Mediterranean a more direct point of contact. Read More

Falcon Rydell to manage first Icon 62

Thursday, 2 April 2009

Dutch yacht management company Falcon Rydell has announced that it has been awarded the contract to manage a brand new 62-metre motoryacht due for launch in the summer of 2009. The Icon 62 will be the first superyacht to be completed by a new luxury yachtbuilder, Icon Yachts in the Netherlands. Read More

Palm Beach Yachts International manage the build of 46m Pendennis

Tuesday, 24 March 2009

Palm Beach Yachts International (PBYI) has announced that its yacht construction division has recently completed the overarching management on behalf of the owner of the 141’ Trinity Big City and has just signed a yacht construction management agreement with an owner to build a 150’ Pendennis. Read More

Multiple superyacht owner John Rosatti

Tuesday, 24 February 2009

When it comes to owning boats, John Rosatti is a real veteran. SuperYachtTimes.com recently spoke to him about the various superyachts he has owned and counted no less than 15 yachts (including two under construction), ranging from the 35ft Cigarette Executioner to the 180ft yacht he intends to build at the new facility of Christensen. Read More

Watkins Yacht Management and Air Harrods announce joint marketing venture

Thursday, 19 February 2009

Watkins Yacht Management has entered into a joint marketing venture with Air Harrods to provide aviation and concierge support, both helicopter and fixed wing, to the superyacht industry. Transfers to yachts now begin at the owner, charterer or guest’s front door and form a seamless itinerary incorporating limousines, flights and helicopter transfers. Read More

Fractional Ownership, the way forward for superyacht ownership

Tuesday, 20 January 2009

With the high cost of purchasing and maintaining a superyacht in these difficult financial times, the concept of Fractional Ownership has found a highly receptive market. There are a number of differing schemes on offer, but Curvelle has developed a system which allows the owners a much greater level of flexibility and freedom of choice. Read More

OnlyYacht London hires superyacht expert

Wednesday, 14 January 2009

Continuing their steady growth pattern in the last two years, OnlyYacht, the dedicated yacht division of Monaco-based SuissCourtage has announced the opening of a new London office, to be headed by superyacht insurance veteran Rupert Beckett. Read More

How to stay on course with yacht finance in the current economic conditions

Tuesday, 23 December 2008

SuperYachtTimes.com recently spoke with Remco Immink of Ciris Capital about the influence of the credit crunch on the finance of superyachts. Ciris Capital is a company that primarily exists to provide clients with access to loans and other financial arrangements, the current situation obviously has their full attention. Read More

Ciris Capital trains yacht brokers of Fraser Yachts

Tuesday, 25 November 2008

Ciris Capital held a special training day in Monaco and Fort Lauderdale for Fraser brokers from Europe and the United States. This all-day training was designed to help the brokers of Fraser Yachts feel more comfortable discussing yacht finance with their clients. The main focus was orientated around the complexities of the issue and how best to advise clients. Read More

Graham de Zille, the man behind the Amnesia series of Superyachts

Friday, 19 September 2008

Superyacht owner Graham de Zille remains loyal to Italian custom yacht builder Benetti. He is now in the process of building his fourth motor yacht with the shipyard, which he ordered even before the third was completed. “I believe in loyalty,” says Mr de Zille, “and they have never given me cause for concern. So, we have a good working relationship.” Read More

Royale Oceanic completes new Sarafsa

Thursday, 21 August 2008

The Private Client large yacht specialists Royale Oceanic have recently completed the Total Project Management which includes all commercial, legal and technical aspects, with its sister company Burness Corlett Three Quays providing naval architecture and marine engineering support for Sarafsa, the 82m superyacht built by Devonport. Read More

Interview with Jan-Eric Österlund – the (former) owner of Adèle

Friday, 7 March 2008

Jan-Eric Österlund has been an explorer at heart. With his previous yacht he sailed in most parts of the world, but he wanted a new yacht with which he could explore more adveturous places where normal yachts wouldn’t go. Planning of this new yacht started in 2000 and 5 years later Vitters launched the stunning André Hoek designed Ketch Adèle. Read More

Interview with the owner of Hakvoort’s Allegria

Wednesday, 30 January 2008

In 2004 the Monnickendam based Hakvoort shipyard launched the 46m Flamingo Daze, today known as Allegria. Allegria was designed by Glade Johnson with naval architecture by Vripack. Early 2007 she was sold and her current owner made substantial improvements to the yacht, making her one of the most popular charter yachts. Read More

Huge week for MCM in New Zealand

Monday, 17 December 2007

On Wednesday Peter Wilson watched the 84’ Langan designed Angel being launched by Yachting Developments in Hobsonville. She then motored down the harbour to have the mast stepped before returning to the dock at the yard for final tweaking. She has been 18 months in the making, and Wednesday marked a significant project milestone. Read More

New Ciris Capital portal offers wealth of information

Tuesday, 27 November 2007

Yacht finance specialist Ciris Capital has recently launched a new website, www.ciriscapital.com. Designed to provide clients and business relations with a wealth of relevant information, the portal includes an extensive Q&A section on three key subjects: Italian lease, yacht finance and purchasing a yacht. Read More

VAT officer Grant Atchison joins Moore Stephens Yacht Team

Wednesday, 10 October 2007

Former VAT and Customs Officer, Grant Atchison has joined Moore Stephens Yachting, part of the Moore Stephens Isle of Man group which includes management consultancy, assurance, trust and company administration and financial services. Read More

A drop in the Ocean – by Remco Immink

Wednesday, 8 August 2007

2007 has been a wonderful year for sail and power yacht owners and all other people enjoying a life on the ocean waves. Watching the America’s Cup in Valencia or the Super Yacht Cup in Palma could only make it harder to postpone the decision to purchase or upgrade to that beautiful yacht of your dreams. Read More

BVI upgraded to Category 1

Monday, 11 June 2007

Last Thursday it was announced, at the Red Ensign Group (REG) Conference being held in Guernsey, that the Secretary of State for Transport has agreed to the upgrading of the Virgin Islands Shipping Register (VISR) to Category 1 status limited to general cargo ships. Read More