View the rss feed for this category

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

Federagent​i 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