Monaco

Yacht Club de Monaco

<a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">Palumbo SuperYachts Refit (PSY)</a> has announced that they will expand the company's commitment to sustainability in yachting by developing more sustainable measures. Members discussed the future of yachting and ways to make it more environmentally sustainable during a Julius Baer Sustainability Circle event on 4 May at <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>.<img src="https://photo-assets.superyachttimes.com/photo/272210/image/large-1965c1dd5270b57f30a8f954065904aa.jpg" data-gid="gid://syiq/Photo/272210">The event discussed actions such as the installation of solar panels on key infrastructures, as well as renewable energy sourcing, ways to reduce emissions and research activities.“At <a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">Palumbo SuperYachts Refit</a>, we believe we are in a good position, as we have always put the process at the centre of our philosophy, which has also meant for some time that we invest in the green transition of infrastructures and procedures in all the yards of the network,” explained Luciano Bregola, Marseille Yard General manager and engineer.<img src="https://photo-assets.superyachttimes.com/photo/272211/image/large-5c29f2a6d374ad289d90efa6e65d1444.jpg" data-gid="gid://syiq/Photo/272211">The event revolved around the future of yachting with the objective to address the challenges of the yachting industry, in regard to its environmental footprint and how this can be reduced. “<a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">PSY</a> believes that sustainability starts from people's mindset and develops in the procedures in which yachts are built, managed, converted, and repaired. We acknowledge the importance of individual actions, since together we have the power to deliver a green boost to the market,” explained Luciano Bregola.<img src="https://photo-assets.superyachttimes.com/photo/226398/image/large-eebaf16cba4bbfdac598e8698268ec06.jpg" data-gid="gid://syiq/Photo/226398"><a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo SuperYachts</a> already has several ongoing projects and developments to support more sustainable yachting. These include the improvement and expansion of green refitting procedures for yachts, such as eco-friendly paint and advanced water treatment plants. <img src="https://photo-assets.superyachttimes.com/photo/226399/image/large-2e0a55e82cf6a21294548894f5e0b891.jpg" data-gid="gid://syiq/Photo/226399">The company also uses more sustainable technology and renewable energy across boats, shipyards and related facilities, with LED lighting and solar panels. Palumbo SuperYachts has also committed to installing photovoltaic infrastructure across its facilities in the Mediterranean by 2025.<img src="https://photo-assets.superyachttimes.com/photo/226396/image/large-330aaaedb6ee254141840d21fbe54500.jpg" data-gid="gid://syiq/Photo/226396">As well as this, <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo SuperYachts</a> is currently working with <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a> on research and development into lithium batteries, green hydrogen, and green methanol. “<a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">PSY</a>, together with <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a>, is studying the potential of new fuels that offer the possibility of reducing carbon dioxide emissions through the gradual replacement of fossil fuels by renewable energy,” added Luciano Bregola. <img src="https://photo-assets.superyachttimes.com/photo/54847/image/large-a5c62f6145b78682aefa08e81aecee8a.jpg" data-gid="gid://syiq/Photo/54847">By expanding its commitment to sustainability, <a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">Palumbo SuperYacht Refit</a> aims to take on a leadership role in the building, refitting, converting and maintaining of superyachts. “<a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">PSY</a> acknowledges that the yachting industry still faces different challenges in this area that it is important to tackle, and this is why the company will keep investing in facilities and in research and development activities, with the aim of making the future of the yachting industry greener,” concluded <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo SuperYachts</a>.

Palumbo SY Refit expands commitment to sustainability in yachting

Palumbo SuperYachts has announced that they will expand the company's commitment to sustainability in yachting with more sustainable measures.

<a data-gid="gid://syiq/Company/6362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYBA (Company)">IYBA</a> and <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA The Worldwide Yachting Association</a>, are teaming up for an exclusive two-day educational event at the prestigious <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a> on May 10 and 11. <img src="https://photo-assets.superyachttimes.com/photo/63648/image/large-ae12fed61d617bf6256c8890db67a3e6.jpg" data-gid="gid://syiq/Photo/63648">Day one will kick off with an exciting speed dating session, where brokers and shipyards can engage in one-on-one conversations with 12 of the industry's most top-tier shipyards and refit facilities. Renowned names such as <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a>, <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a>, <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>, <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>, <a data-gid="gid://syiq/Company/5172" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Rossini (Company)">Cantiere Rossini</a>, and <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> will share insights into their capabilities, providing a unique opportunity for the yacht brokerage and management community to interact with them all in one place. After a sumptuous buffet lunch, the afternoon seminar will delve into crucial topics such as newbuild and refit, featuring a contract discussion with top attorneys from around the yachting world, sustainability, insurance challenges and solutions, and design considerations, led by renowned industry expert <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino</a>. The motor yacht <a data-gid="gid://syiq/Yacht/9056" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="White Rose26.78m (87'10&quot;)Azimut Yachts2019">White Rose</a> will also play host to an evening cocktail event, culminating in a memorable close to the day. <img src="https://photo-assets.superyachttimes.com/photo/269310/image/large-bfb9fb0c23f4b0024e38b217cca2767b.png" data-gid="gid://syiq/Photo/269310">On day two, the focus will shift to yacht sales, charter and the law, bringing together an impressive array of presenters and panelists from across the globe to discuss a range of topics, including <a data-gid="gid://syiq/Company/6362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYBA (Company)">IYBA</a>/<a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> charter and sales contracts, superyacht marketing with <a href="https://www.superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> own Merijn de Vaard, Mediterranean destinations, and much more. This event promises to provide unparalleled insights and networking opportunities for anyone interested in the yachting industry.<img src="https://photo-assets.superyachttimes.com/photo/269307/image/large-e3ccb9213c561dacb587dffbf6fd93c8.jpg" data-gid="gid://syiq/Photo/269307"><img src="https://photo-assets.superyachttimes.com/photo/269311/image/large-31e507584f4f6101d7528f75e837f8ce.png" data-gid="gid://syiq/Photo/269311">“I am excited about this collaboration between <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> and <a data-gid="gid://syiq/Company/6362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYBA (Company)">IYBA</a> for both the overall long-term benefits for the industry and for this event becoming a favoured staple in the industry's annual calendar. It’s been a pleasure working together, pooling our resources and contacts to pull together an impressive and interesting line-up for the two-day event,” states Rob Dolling of <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a>&nbsp;<a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">The Worldwide Yachting Association.<img src="https://photo-assets.superyachttimes.com/photo/269306/image/large-983e9f11700cabad79e6331907c5c608.png" data-gid="gid://syiq/Photo/269306"></a>

 IYBA and MYBA exclusive event at Yacht Club de Monaco

 IYBA and MYBA, are teaming up for an exclusive two-day educational event at the prestigious Yacht Club de Monaco on May 10 and 11.



IYBA and MYBA partner for an exclusive educational event at Yacht Club de Monaco

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group’s</a> annual Convergence occurred from 14 to 17 March in Courmayeur, situated at the foot of Mont Blanc. This event is designated for captains and chief engineers of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> yachts. It provides the opportunity to meet and get up to speed on various subjects, from the industry’s performance to possible future scenarios in the field of environmental sustainability and energy transition.<img src="https://photo-assets.superyachttimes.com/photo/263039/image/large-78d3aa7afe3bdbaf21892508a58a1942.jpg" data-gid="gid://syiq/Photo/263039"> The first day commenced with welcomes and presentations from <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO Alberto Galassi and Chief Commercial Officer Stefano de Vivo, who outlined the latest financial results, and the new models and projects currently under construction. Presentations particularly focused on <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti’s</a> commitment to sustainability, which is a core value at the forefront of the Group’s activities, from emissions reduction to the energy transition.&nbsp;The second day was devoted to training, featuring panel discussions led by management together with world-class partners and experts. There were two sessions, the first being about “Propulsion systems and alternative fuels, with a view to environmental sustainability and compliance with new regulations.” The second session honed in on “Prevention of and response to onboard accidents, with a special focus on managing accidents caused by lithium batteries and new alternatives to hydrocarbon-derived fuels”. In both sessions, the audience could ask questions and provide feedback via an interactive app, which encouraged participation and resulted in thought-provoking and educational discussions.<img src="https://photo-assets.superyachttimes.com/photo/263038/image/large-9207570ca9ed1f4baf7b3753332a1fdd.jpg" data-gid="gid://syiq/Photo/263038">Stefano de Vivo, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group’s</a> Chief Commercial Officer, commented “The first in-person Convergence after two years online demonstrated the absolute importance of this event as a generator of know-how and team spirit. The discussion among more than one hundred captains and chief engineers was both interesting and satisfying, because the ability of yachting professionals to work as a team and exchange insights is a core driver of the success of both Ferretti Group and its yachts. Convergence is an event that leaves us better informed, better motivated and better able to offer our owners an even safer and more rewarding yachting experience”&nbsp;Main partners <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a>, <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a>, Simrad, <a data-gid="gid://syiq/Company/3601" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sleipner Motor AS (Company)">Sleipner</a> and <a data-gid="gid://syiq/Company/1450" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo (Company)">Volvo</a> made a huge contribution to the event, along with technical sponsors Amare Group, <a data-gid="gid://syiq/Company/3524" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asea Power Systems (Company)">Asea Power Systems</a> and <a data-gid="gid://syiq/Company/7073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fratelli Canalicchio (Company)">Fratelli Canalicchio</a>. They were joined by an exclusive selection of partners, including <a data-gid="gid://syiq/Company/4287" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Mirabello (Company)">Porto Mirabello</a> marina, Range Rover and the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>. Range Rover offered guests the opportunity to visit the Range Rover House, and take a spin on the New Range Rover Sport on a snow-covered track.

Ferretti Group’s Convergence 2023 

Ferretti Group’s annual Convergence took place from March 14 to 17 in Courmayeur, situated at the foot of Mont Blanc.

The 2023 Convergence event for captains and chief engineers by Ferretti Group 

<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> founder and board member of the <a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">Superyacht Life Foundation</a>, Merijn de Waard, attended the 15th annual gathering for the yachting industry, the La Belle Classe Superyachts Business Symposium, organised by <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>. The event was pivoted around a dinner debate and which allowed industry experts to take stock of the current situation, issues, and challenges for the yachting sector. <img src="https://photo-assets.superyachttimes.com/photo/260004/image/large-7460a1c489b484e957f1a35cc1fb6418.jpg" data-gid="gid://syiq/Photo/260004">This year the theme was focused on the positive projection of the yachting industry, where the intention was to seek a positive outlook on the industry during testing times when carbon emissions are being calculated. The goal was to understand, with expert insight, the ways in which leveraging eco-performance alternatives can progress an energy transition. Alongside these experts, Monaco Capital of Advanced Yachting took the approach to centralise key players of the supply chain in the industry and include owners and captains of superyachts within the event.Bernard d’Alessandri, YCM General Secretary and President of the Cluster Yachting Monaco, explained how “The <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco’s</a> unique and neutral position enables it to bring those involved across the industry together to analyse the situation and propose concrete solutions. You all coming here this evening reflects everyone’s involvement which is essential if we are going to shift the goalposts”. <img src="https://photo-assets.superyachttimes.com/photo/63648/image/large-ae12fed61d617bf6256c8890db67a3e6.jpg" data-gid="gid://syiq/Photo/63648">With an insightful grasp and gauge of the public opinion and perception of the yachting industry Merijn de Waard, Founder and Director of <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> outlined how, “the number of yachts under construction grew by 7% in 2023, and right now there are 648 yachts over 30m under construction. The shipyards have full order books, and some shipyards have already sold yachts for delivery in 2028”.Diving deeper, Merijn de Waard further explained how “new yacht sales dropped 29% in 2022 compared to 2021. However, 2022 was still the second-best year (after 2021) of the last ten years, with 221 new yacht sales. We should add that 2021 was very unusual, as there was a strong demand from buyers after the Covid-19 pandemic and, at the same time, a lot of availability of new yachts. As an example, in 2021, 35% of new yachts under construction were for sale, while today it is only 19%”.<img src="https://photo-assets.superyachttimes.com/photo/48747/image/large-e16fb6ec9acc706d0064f20af1fa2cb5.jpg" data-gid="gid://syiq/Photo/48747">A question asked at the La Belle Classe Superyachts Business Symposium was how rising inflation and increased energy costs have altered the yacht market overall.Michael Breman, Sales Director at<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">&nbsp;Lürssen Yachts</a>, “The more expensive things get, the more cautious consumers become. What we are noticing today is that many are waiting. They are interested but slow the pace when it comes to making decisions as the market is uncertain in this global context”. A trend confirmed by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Oeino</a>, designer and naval architect whose firm has also seen a fall in activity compared to last year, he added “I think we are going to have to deal with a drop in enthusiasm for superyachts over the next few months, even years”.With the world in crisis over consistently unstable economic conditions and increasing prices for energy, materials, and higher interest rates, it is no wonder that the perception of yachting is slightly biassed, with 71% of 1,200 yacht specialist publications published in 2022 reporting negative feelings towards the industry sector.&nbsp;This notion is explained by Captain Nigel Marrison, Founder of Blue ESG, when he said, “we talk about the reputation of superyachts today. We are talking about a licence to operate. To maintain it, we need an action plan to achieve specific environmental, social, and governance objectives. The idea is to support the industry as it improves performance and reduces its environmental impact. The ESG (Environment, Social, Governance) strategy promotes commitment and action towards decarbonisation and can help the superyacht industry meet the growing compliance demands of banks, insurers and legislators that is increasingly driving the licence to operate”.<img src="https://photo-assets.superyachttimes.com/photo/63647/image/large-a953c6f4178f80df3339e811d6444435.jpg" data-gid="gid://syiq/Photo/63647">Nicolas Mior, Manager of Jutheau Husson Yachting, argued that “even though the yachting industry has a small impact on the planet in terms of CO2 emissions, these players have a big responsibility, particularly in image terms; they must be drivers and leaders to progress the technologies and habits of tomorrow to raise public awareness and make the maritime world more eco-friendly”.Furthermore, Tim Morley, Founder of <a data-gid="gid://syiq/Company/1977" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Morley Yachts (Company)">Morley Yachts</a> noted that &nbsp;“most often it is a question of evaluating the cost of technologies likely to reduce emissions, which are often costly, and often calculated solely based on operational benefits. It doesn’t always lead to a return on investment in a sufficiently short time,”Natalie Quévert from <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">YCM</a>, in charge of the SEA Index, a benchmark system to assess superyacht CO2 emissions launched by <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">YCM</a> in 2020, remarked how “today we really need to work together. The issue is so significant we can’t act alone”.Matteo Brisacq, Founder of Neoyot, relayed how “from my perspective at 21, I want to bring the vision that young people my age experience daily when faced with this problem. Seeing what’s happening is good, becoming aware is better, finding solutions is essential but the most important thing is to act. That’s why mentalities must change and be open to new ideas. Unfortunately, some industry players here today don’t realise what they are leaving us with. Only by combining our elders’ experience with the next generation’s innovative ideas can we make the yachting skies blue again!”<img src="https://photo-assets.superyachttimes.com/photo/63649/image/large-883b036d3b3e9fd4fc5534e12ba8571f.jpg" data-gid="gid://syiq/Photo/63649">With this debate on sustainable perception within the yachting industry, the La Belle Classe Superyachts Business Symposium looked into how the sector could develop with a positive stance and impact.Captain Malcolm Jacotine outlined how “we have two situations: future vessels for which we have new technologies under development and the problem of existing vessels. What can we do with them, given that the cost to convert them to another mode of propulsion, with methanol or hydrogen, is prohibitive. In the shipping industry, the lifespan of a conventional yacht is about 20 years which is not the case for superyachts. They can go up to 25, even 50 years. The problem with all this is that it increases the size of our fleet and therefore the emissions,”This stance was further examined by Nigel Marrison when he prompted others to “ask yourself if your yacht will make the world a better place? And together, let’s make 2023 the year of transition for the superyacht industry”.&nbsp;Even though most boats may still be powered by diesel today, the future for superyachts is promising. There is a range of solutions that are envisaged to achieve a carbon-free future.&nbsp;“We anticipate a future of hybrid propulsion methods in line with environmental issues,” commented Dr Daniel Chatterjee, Director Sustainability Technology Strategy &amp; Regulatory Affairs, <a data-gid="gid://syiq/Company/2207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce Marine (Company)">Rolls-Royce</a>. &nbsp;“Sustainability Technology Strategy &amp; Regulatory Affairs, Rolls-Royce. “Are the concepts of sustainability and superyachts contradictory? Perhaps, but there is a dynamic and a technology that makes them the precursors of more eco-aware shipping”. Yachts emit 5 million tonnes of CO2 which represents 0.3% of the maritime sector’s emissions. “It’s not much but it’s already something”.<img src="https://photo-assets.superyachttimes.com/photo/256092/image/large-d998faebe0e92b5fefc05be5ee09ca5c.jpg" data-gid="gid://syiq/Photo/256092">By 2030 expect methanol/electricity associations, while CO2 neutral fuels like methanol could be a solution for the shipping sector. “Yachts must drive green innovation by developing truly sustainable footprints by optimising energy use and efficiency, researching sustainable fuel options, and adopting new technologies. &nbsp;Methanol has the potential to become a major fuel source for the maritime industry with forecasts predicting that by 2050, 40% of its fuel will be methanol,” added Daniel Chatterjee.Methanol is also of interest for the superyacht sector due to ease of transportation and its current availability. “It’s essential yachting become proactive,” noted Roberto Giorgi, Honorary Chairman of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>. “We have the same objectives, and I hope Monaco becomes the leader in the luxury yacht field. With the restrictions that exist today, we have to work even harder and be ready to spend money”. <img src="https://photo-assets.superyachttimes.com/photo/242855/image/large-3a7b61cb5195eb16f256108626a4349b.jpg" data-gid="gid://syiq/Photo/242855">“The key is to manage energy and its production,” stressed Nicolas Bouchet, design engineer at AYRO, specialised in maritime engineering. “Replacing fuel with electricity from a clean source and storing it offers many advantages: safety, space-saving, self-sufficiency, independent production, optimised navigation, etc.”Constructing a sailing yacht is one innovative solution as climate change gathers momentum. The advantage of wind propulsion is that wind is clean, free, and universal. Its usage is more than promising for reducing the environmental impact of ships as a solution that “transforms wind energy into a driving force”. Used for millennia to power ships, the wind is proving effective in addition to engine power, “for example, this solution was chosen for the Energy Observer laboratory boat, which covered over 40,000 nautical miles. Wind power represented 75% of propulsion”.“However, we mustn’t forget that if we are to give yachting a positive image, we must demonstrate that it is not too daunting,” said Captain Sean Meagher (M/Y Latitude) and Captains’ Club member. “We have the potential to change the face of the industry, to show we are not all about excess and frivolity but an industry of innovation, altruism, and passion. To do that, we need to tell the stories of vessels and their owners that do make the world a better place. And I would like to thank <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">YCM</a> for this initiative that has brought us together every year for the last 15 editions. It is the only place that gathers together owners and all of us professionalsto consider our future”.<img src="https://photo-assets.superyachttimes.com/photo/250789/image/large-6befddc49d3c8269613673e048499a70.jpg" data-gid="gid://syiq/Photo/250789">Bernard d’Alessandri concluded: “As the saying goes, “When you love something, you don’t count the cost”. For sure, adopting an environmental approach by exploiting technology has a cost. This is already the case in the automotive industry, where electric cars are more expensive than fossil fuel ones. It is time to realise this, to accelerate our transformation and achieve the zero-emissions objective regarding propulsion”.Following its La Belle Classe Superyachts Business Symposium, <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">YCM</a> prepares for the 6th Monaco Ocean Week (20-26 March) organised by Prince Albert II of Monaco Foundation with the Monaco Oceanographic Institute, Monaco Scientific Centre and <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>. As tradition dictates, <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">YCM</a> is in charge of the yachting element on Thursday, 23rd March. A full-day programme kicks off with the 12th La Belle Classe Superyachts Environmental Symposium focused this year on the Monaco Energy Boat Challenge which will celebrate its 10th anniversary (3-8 July), followed by the 27th Captains’ Forum and conclude with the 3rd YCM Explorer Awards by La Belle Classe Superyachts.&nbsp;Simultaneously, the 1st Monaco Smart Yacht Rendezvous will be launched, organised by M3 (Monaco Marina Management) following the success of the first two editions of the Monaco Smart &amp; Sustainable Marina Rendezvous (the next one 24-25 September 2023). It’s aimed at all those involved in the yachting industry (yachts over 24m) and innovation companies keen to collectively respond to climate challenges. The Rendezvous highlights young companies to improve production methods by bringing together an ecosystem of key players whose partnerships will help exploit innovative technologies towards sustainability and respect for biodiversity.

Merijn de Waard attends 15th La Belle Classe Superyachts Business Symposium

The Superyacht Times attended the 15th La Belle Classe Superyachts Business Symposium  by Yacht Club de Monaco, with a focus on sustainability. 

SuperYacht Times attends the 15th La Belle Classe Superyachts Business Symposium

<a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">The Superyacht Life Foundation</a> unveiled its latest endeavour at the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>, The Honours. The special breakfast, held on the 27th of September not only afforded the chance to showcase The Honours – which aims to celebrate the people of the superyacht industry rather than the yachts – but also to officially open the call for nominations.<img src="https://photo-assets.superyachttimes.com/photo/243513/image/large-c894c465c3336e36b8bd666f0701d629.jpg" data-gid="gid://syiq/Photo/243513">“Behind the glitz, the glamour, and the attention-grabbing headlines, superyachting has a deep and generous soul that is reflected both in the philanthropic endeavours of its owners and in the ideals of its professionals,” says Dilan Sarac, the Marketing Manager of <a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">The Superyacht Life Foundation</a>. “The Honours, organised by the <a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">Superyacht Life Foundation</a> and the <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>, is a chance for us to recognise and celebrate the endeavours of the extraordinary people this exceptional sector encapsulates.” <img src="https://photo-assets.superyachttimes.com/photo/243512/image/large-9f590705b0fd6cae3ecfdd99709af481.jpg" data-gid="gid://syiq/Photo/243512">“We are proud to be involved in the organisation of The Honours for 2023. The <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a> will be committed to be a proactive protagonist to support the event. We believe The Honours will be a new milestone in superyachting’s history as this will be the very first &nbsp;award ceremony that distinguishes people behind the scene of yachting” shares Gaëlle Tallarida, the Managing Director of <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/243514/image/large-45ebbc4230b221fbf748f3fecced1036.jpg" data-gid="gid://syiq/Photo/243514">The Honours – sponsored by <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>, <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>, <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a>, and Preciosa – is a new event to the yachting calendar which seeks to highlight and recognise the extraordinary &nbsp;people doing the extraordinary things that make the superyachting good life so good. As well &nbsp;as honouring these inspiring individuals, The Honours also parallels The Superyacht &nbsp;Foundation’s goals of presenting the positive stories and actions of the people and the &nbsp;industry to a wider audience in order to reinforce more positive perceptions of superyachting &nbsp;– something that the Monaco Yacht Show, as the centrepiece of the annual superyachting &nbsp;calendar, can help amplify alongside its own drive to promote industry initiatives.

The Superyacht Life Foundation unveils The Honours

The Superyacht Life Foundation has unveiled The Honours which will celebrate the people of the superyacht industry for their achievements.

The Superyacht Life Foundation unveils The Honours: Celebrating the individuals in yachting

One of the most intriguing smaller boats to debut at the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2022">Cannes Yachting Festival</a> was the Vandal Explorer, a 14-metre all-aluminium tender. Styled by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino</a> – best known for having designed some of the biggest superyachts on the water – and based on a foil-assisted catamaran platform by Canadian <a data-gid="gid://syiq/Company/2363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scott Hollers Jutson (Company)">Scott Jutson</a>, the concept originated with industry veteran Ben Mennem.<img src="https://photo-assets.superyachttimes.com/photo/241010/image/large-bd49a0870ce82f5000db8677361d2da8.jpg" data-gid="gid://syiq/Photo/241010">“I’d been planning to build a boat like this for myself for five or six years,” says Mennem. “I wanted it to be of aluminium because it wasn’t worth tooling the moulds for a one-off; I wanted outboards so they can come out of water when not in use; and I wanted it to be as simple as possible.<img src="https://photo-assets.superyachttimes.com/photo/241003/image/large-5c6cfba2bf6ecf28094354151dc33041.jpg" data-gid="gid://syiq/Photo/241003">Mennem already owned an 8.5-metre RIB with foils and went to his old friend <a data-gid="gid://syiq/Company/2363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scott Hollers Jutson (Company)">Scott Jutson</a> to create the catamaran configuration based on the same principle. A discussion with <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino</a> at the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Monaco Yacht Club</a> led to the Norwegian designer agreeing to take on the styling of the topsides. <img src="https://photo-assets.superyachttimes.com/photo/241210/image/large-88f69478718abacdd713a9add37e853b.jpg" data-gid="gid://syiq/Photo/241210">“In a way, it’s the antithesis of what we normally deal with,” says <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Øino</a>, “but I loved the simplicity of it, the idea of really going back to basics and thinking about what you need and don’t need on a boat of this size.”<img src="https://photo-assets.superyachttimes.com/photo/241006/image/large-2054c737a3cd6a9425d23838be184a19.jpg" data-gid="gid://syiq/Photo/241006">Both Mennem and <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Øino</a> own Land Rover Defenders and the robust, functional design of the classic off-roader informed the design of the Vandal Explorer with its flat aluminium panels, chunky wrap-around fender and rugged handrails. The focus is on space and practicality rather than luxurious frills. The tender is launched by a simple, removable derrick and to avoid additional wiring there is no sound system on board.&nbsp;“If you want music, use a portable Bluetooth system,” says Mennem. “This is all about ‘glamping’ on the water!”<img src="https://photo-assets.superyachttimes.com/photo/241011/image/large-80fb23fd05c2f02db230f7064fc7ec9e.jpg" data-gid="gid://syiq/Photo/241011">Built by the <a data-gid="gid://syiq/Company/6860" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tenderworks (Company)">Tenderworks</a> team in the Netherlands, which has long experience of building custom tenders and chase boats for superyachts, Mennem and <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Øino</a> each own a Vandal Explorer and both put their respective boats through their paces in the Mediterranean this summer.“I have over 150 hours on the engines now after cruising between Capri, Naples and the Amalfi coast,” says <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Øino</a>. “I can testify first-hand to the performance and comfort, and it’s great fun to drive. My experience this summer showed me that simplicity works every time. Sabrina, my wife, was sceptical at first – she was the one who christened the boat Bruttino, Italian for a bit ugly – but she and the kids are totally into it now.”“Critical to the initial concept was being able do the big jumps in the Med, say from Marseille to Alcúdia in Mallorca or Mahon to northern Sardinia,” says Mennem. “To do that you need the speed and range, but also the performance even in quite rough seas, which is where the asymmetric hulls and foils come in.” <img src="https://photo-assets.superyachttimes.com/photo/241008/image/large-13219f997c558d0360aef5cf0ecf5244.jpg" data-gid="gid://syiq/Photo/241008">The catamaran platform is well proven by workboats all over the world, often in extreme conditions. Powered by twin <a data-gid="gid://syiq/Company/5777" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yamaha (Company)">Yamaha</a> XTO 425 hp engines, the passive foils carry 35 percent of the boat’s weight, reducing fuel consumption by 25 percent while providing a range of up to 240 nautical miles. They also give a smoother ride, less spray, enhanced stability and better top performance with a redline speed of 40 knots or more.Designed to function as a weekend runabout, fishing boat, dive boat, superyacht chase boat or explorer tender, the Vandal Explorer has a six to eight person dining area, a double cabin forward, aft deck rain shower, interior day head with additional shower, a well-appointed outdoor galley and plenty of lounging areas, also on the flybridge. Menem’s boat includes a self-draining deck locker to take a couple of mountain bikes.<img src="https://photo-assets.superyachttimes.com/photo/241007/image/large-fc29a897185048c6c89e5163271478f1.jpg" data-gid="gid://syiq/Photo/241007">“Sustainability was another consideration during the design,” adds <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Øino</a>. “Recycled aluminium is used in the construction and improved fuel efficiency means fewer emissions, but we also use silicon anti-fouling, solar panels on the flybridge and there’s an onboard incinerator to avoid black water discharge. We don’t even have AC on board and rely on strategically placed windows or hatches for natural ventilation, like the old wind scoops you see on classic yachts.”<img src="https://photo-assets.superyachttimes.com/photo/241009/image/large-a81f919f50273535db5b65d58ba532ae.jpg" data-gid="gid://syiq/Photo/241009">For <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Øino</a> the Vandal Explore is part of an ambitious personal project as he plans to cruise the entire Norwegian coastline along the Skagerrak, North Sea, Norwegian Sea and Barents Sea &nbsp;from Sweden to the Russian border &nbsp;in a similar vessel, perhaps equipped with hybrid or electric propulsion. <img src="https://photo-assets.superyachttimes.com/photo/241017/image/large-033bf66cf1f71f46060b5988ec5d7bb1.jpg" data-gid="gid://syiq/Photo/241017">

Espen Øino Vandal tender

Espen Øino downsizes with the first 14m Vandal tender, unveiled in Cannes. 

Interview: Espen Øino downsizes with the rugged 14m Vandal Explorer 

Corinthia Yacht Club is a new venture under development in Qatar and will be located on the artificial island, The Pearl. Corinthia Hotels and United Development Company (UDC) are spearheading the project, and have signed a strategic partnership with Monaco Marina Management (M3) and <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a> to promote, develop the scheme, and also assist them in obtaining the ‘La Belle Classe Destinations’ label. <img src="https://photo-assets.superyachttimes.com/photo/232883/image/large-7aa00fd8ec1ee3a20e34b61e9ecc7f77.jpeg" data-gid="gid://syiq/Photo/232883">"We are thrilled to collaborate with world leaders such as the Yacht Club de Monaco and M3. Our ambition is to transform Corinthia Yacht Club, on The Pearl, into a renowned yachting destination and to create a thriving hub for the local community,” Simon Naudi, CEO of Corinthia Hotels, commented. “Together with our partners UDC, we are committed to ensuring that the club becomes an internationally recognised centre of sporting and social excellence for members who enjoy a combination of competitive and informal sailing."<img src="https://photo-assets.superyachttimes.com/photo/232882/image/large-3d028c48ef6a522e6694f08653073ea0.jpeg" data-gid="gid://syiq/Photo/232882">Corinthia Yacht Club is said to “further enhance The Pearl Island's position as an international maritime and yachting destination,” according to Trade Arabia. Construction is already underway and the Corinthia Yacht Club is expected to open ahead of the 2022 FIFA World Cup.<img src="https://photo-assets.superyachttimes.com/photo/232881/image/large-3d82d10f81648f0014e1435f7bcf2827.jpeg" data-gid="gid://syiq/Photo/232881">Ibrahim Jassim Al-Othman, UDC President, CEO and member of the board, added, "This strategic partnership will contribute to strengthening The Pearl Island's global position as a premier maritime destination, as well as the leadership of Corinthia Yacht Club, located on the Island, in developing yachting and sailing to be an international sport.”<img src="https://photo-assets.superyachttimes.com/photo/232877/image/large-f39d3b33341e98247d98b5b93a477277.jpeg" data-gid="gid://syiq/Photo/232877">Located in the heart of the Porto Arabia Marina, the project will span an area of 2,232 square-metres, and will be brimming with astounding amenities, including a cigar lounge, meeting rooms and a cluster of top-tier restaurants. The design of Corinthia Yacht Club is state-of-the-art and will be wrapped in glass, providing visitors with views out onto the marina.<img src="https://photo-assets.superyachttimes.com/photo/232878/image/large-df759345ad88b704843d25511ec5227a.jpeg" data-gid="gid://syiq/Photo/232878">&nbsp;José Marco Casellini, CEO of Monaco Marina Management, commented, "We are very pleased to support Corinthia Hotels in its desire to open up to yachting, by putting at their service the expertise and know-how of our experts in the establishment of new facilities in Doha."<img src="https://photo-assets.superyachttimes.com/photo/232879/image/large-dd789442d898d2d049ecd820d97edb59.jpeg" data-gid="gid://syiq/Photo/232879">While Bernard d'Alessandri, General Secretary of <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>, contributed that "It is very good news to see that the yachting world is expanding to new destinations, which share our vision of developing sustainable yachting. This is the ambition of our 'La Belle Classe Destinations' certification, which is part of the Principality of Monaco's attractiveness policy." &nbsp;

Corinthia Yacht Club set to open its doors on The Pearl, Qatar

Corinthia Yacht Club is expected to open this year. The project is partnered with Monaco Marina Management and Yacht Club de Monaco.

Corinthia Yacht Club set to open its doors on The Pearl, Qatar, this year 

Amidst the hubbub of the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2021">Monaco Yacht Show</a> at Port Hercules, the Superyacht Eco Association (SEA) gathered for a luncheon to announce the launch of the second phase of the Sea Index in collaboration with <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyd’s Register</a>, represented by Engel de Boer, Yacht Segment &amp; Sales Manager at <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyd’s Register</a>. <img src="https://photo-assets.superyachttimes.com/photo/207200/image/large-2295f995347b8bf12b1a8c0aad29341f.jpg" data-gid="gid://syiq/Photo/207200">The SEA also announced an additional membership category - the “Friends of the SEA Index” - which is open to individuals who do not own a SEA Index rated yacht, but who adhere to the values of the Superyacht Eco Association.For those that don’t know, the SEA Index is a collaborative effort between key players in the industry to create a standardised measurement for environmental performance. Truly outstanding performers in regard to sustainability and environmental efforts are awarded 5 stars. Superyachts of this calibre can carry the SEA flag. <img src="https://photo-assets.superyachttimes.com/photo/207201/image/large-4b55066914b253277f2e433d9057cf44.jpg" data-gid="gid://syiq/Photo/207201">The SEA Index was first launched last year and has been assessing the carbon intensity of motor yachts over 40-metres since then. This initial phase of the SEA Index provided owners with clear insight into the efficiency of their vessel, based on a 0-5 rating scale. Having set this benchmark the Superyacht Eco Association recognised the need to take the index a step further by including more parameters and extending the scope of the tool to more propulsion systems and alternative fuels.“With a growing awareness of the need to reduce fuel consumption, more and more owners are choosing yachts with hybrid propulsion and optimised auxiliary power systems.” M. Michel Buffat, Head of Aviation &amp; Yacht Finance at Credit Suisse, said. “Supported by the engineers of <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyd’s Register</a>, we have further developed the SEA Index so that it now also rates advanced yacht designs with great accuracy. We are very proud of the result and the progress the industry is making towards ever more sustainable yachting.”<img src="https://photo-assets.superyachttimes.com/photo/207199/image/large-b304913ba639037fafa3f6f81db8a919.jpg" data-gid="gid://syiq/Photo/207199">Now that the time cruising, as well as when a vessel is in berth or at anchor, is considered in this second phase, the scope and accuracy of the SEA Index have considerably extended. Furthermore, new auxiliary power features can also be accounted for.M. Bernard d’Alessandri, General Secretary of the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>, concluded, “We have recently witnessed clear indicators pointing towards more sustainable choices made by superyacht owners. Faced with the climate emergency and under the leadership of our President HSH Prince Albert II, it is important to act and reach out to the superyacht community at large. We trust that the launch of Phase II of the SEA Index and the launch of the ‘Friends of the SEA Index’ membership category, will really help drive sustainable thinking in the superyacht world.”

SEA Index in its second phase and now has additional membership category

The SEA announced the second phase of the Sea Index and the new membership category “Friends of the SEA Index”.

 The SEA Index has entered its second phase and has now welcomed new members

Some of the finest classic yachts afloat have gathered at the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a> for the return of the Monaco Classic Week, now in its 15th year. La Belle Classe, a title which was won by the John Alden schooner <a data-gid="gid://syiq/Yacht/2103" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Puritan38.4m (125'12&quot;)Electric Boat1931">Puritan</a> in 2019, sees period sailing and motor yachts, vintage dinghies and vintage motorboats dropping anchor in the harbour. <img src="https://photo-assets.superyachttimes.com/photo/198304/image/large-2d4f2f93767cce74cff812475cf1cdff.jpg" data-gid="gid://syiq/Photo/198304">Various events will be held during the course of the week, including the traditional regatta among the sailing yachts, with schooners <a data-gid="gid://syiq/Yacht/4394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Orion of the Seas49.29m (161'9&quot;)Camper & Nicholsons Shipyard1910">Orion of the Seas</a> and <a data-gid="gid://syiq/Yacht/2103" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Puritan38.4m (125'12&quot;)Electric Boat1931">Puritan</a> leading the charge. At noon today visitors will be welcomed into the exhibition of 'Powerboat Meetings in the Albert I of Monaco Era – <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>'s Collection Restored', around which this years event is themed. <img src="https://photo-assets.superyachttimes.com/photo/45788/image/large-95e8c10229d15656bf62337401da4805.jpg" data-gid="gid://syiq/Photo/45788">Among the classic yachts is the 2017 Trophy winner Viola of 1908, racing among many of her usual competitors in the smaller boat classes. In additional the 15M class will be represented by Tuiga of 1909, The Lady Anne of 1912 and Mariska of 1908.<img src="https://photo-assets.superyachttimes.com/photo/205130/image/large-7b7e94579416e210a919bc0362306055.jpg" data-gid="gid://syiq/Photo/205130">In addition to the yachting events, the author and owner of the schooner <a data-gid="gid://syiq/Yacht/2103" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Puritan38.4m (125'12&quot;)Electric Boat1931">Puritan</a> will be presenting a <a data-gid="gid://syiq/Article/53157" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Puritan: History of golden age schooner published (2021-06-14 10:00:00 +0200)">book on the yacht's history</a> on Friday evening at the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>.&nbsp;

The Monaco Classic Week 2021 begins

The Monaco Classic Week begins today with some of the top classic yachts gathering.

Monaco Classic Week: Golden age yachts return to Monaco 

As Part of Planetary Health Week which took place earlier this month, Credit Suisse and the <a href="https://www.superyachttimes.com/companies/yacht-club-de-monaco" target="_blank">Yacht Club de Monaco</a> have announced the launch of the Superyacht Eco Association (SEA) Index. The SEA Index aims to measure the environmental impact of yacht design and use. Developed in collaboration with <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> with the aim of becoming the leading air pollution rating system for yachts, the Index aspires to evolve over time into a global industry standard providing transparent ecological ratings for superyachts in the areas of propulsion systems, energy recovery chemicals, waste and water.<img src="https://photo-assets.superyachttimes.com/photo/23999/image/large-806acda76a19e5a0605cf7f22057ac96.jpg" data-gid="gid://syiq/Photo/23999">The SEA Index is a customised tool which will be made available online for industry participants to carry out their own ‘no obligation’ assessment of their emissions. If their results satisfy the relevant criteria, they will be able to request an audit with a view to obtaining a SEA Flag and an SEA rating. In the absence of a global standard for superyacht emissions, Credit Suisse and <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a> feel that the SEA Index is a step in the right direction for the environmentalism of the industry as it “moves towards a climate friendlier future.”<img src="https://photo-assets.superyachttimes.com/photo/176757/image/large-d34681c8042e9f52c616632daa7ff059.jpg" data-gid="gid://syiq/Photo/176757">“The next decade will be decisive for the future of our planet. Climate change is one of our biggest challenges. In line with the United Nations Sustainable Development Goals for 2030, the next ten years must focus on oceanography to underpin our scientific knowledge, encourage technical innovation and promote the emergence of new solutions to reverse - we hope - the cycle of decline in ocean health,” says Prince Albert II, Prince of Monaco and President of the Yacht Club de Monaco.<img src="https://photo-assets.superyachttimes.com/photo/176758/image/large-4de471be42af6a64d73cea63e379149e.jpg" data-gid="gid://syiq/Photo/176758">“The climate emergency is a reality. Our industry knows that it has to reinvent itself as the automobile sector has done. If we aspire to position ourselves as a center of excellence, it is up to us to take initiative and lead by example. I would like to thank all these Monegasque players, federated by the Cluster Yachting Monaco, who have joined forces with us on this project with such enthusiasm. It is only by acting together we will succeed in making our contribution to a more climate-friendly yachting sector that will do everything in its power to reduce the effects &nbsp;of air and sea pollution on health and the climate, and encourage good practices across the board, ashore as well as on board," comments Bernard d´Alessandri, Secretary General of the Y.C.M. and President of the Monaco Yachting Cluster.<img src="https://photo-assets.superyachttimes.com/photo/176756/image/large-d6966b039e936dd7875fe92ac0a35767.jpg" data-gid="gid://syiq/Photo/176756">"It is a pleasure for us to partner with so many key international boating organizations to develop a first of its kind index to measure and rate the ecological efficiency of international yacht design. There has been a strong demand from owners, keen to be able to contribute to the sustainability of the industry as it moves towards a climate friendlier future. More and more owners are adopting a sustainable approach as they align their enthusiasm for the oceans with their passion for yachting. As an organization which puts sustainability centrally to its operations, it was a natural step for us to partner with the Y.C.M. on this very important initiative, in the interest of our clients," says Michel Buffat, Head Aviation &amp; Yacht Finance, Credit Suisse.<iframe width="640" height="360" src="https://www.youtube.com/embed/KpJPC1oaU5k?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>

The SEA Index assesses the environmental impact of yachts

The SEA Index has been established by Credit Suisse and Yacht Club de Monaco to assess the environmental impact of yacht design and use.

Credit Suisse and Yacht Club de Monaco launch SEA Index 

After serving a commission in the Royal Navy, Peter Bennett moved to the South of France to break into the superyacht industry with <a data-gid="gid://syiq/Company/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluewater (Company)">Bluewater</a>. As a talented broker and having been commissioned on various projects between 30 to 100 metres from shipyards such as <a data-gid="gid://syiq/Company/3780" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pride Mega Yachts (Company)">Pride</a>, <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>, <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> and <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a>, Bennett’s career has seen him follow superyachts throughout their entire lifecycle.&nbsp;<img src="/uploads/store/photo/103790/image/large-dc413f2f4ddd7912afdb87ec95b6b6cc.jpg" data-gid="gid://syiq/Photo/103790">Bennett and his experience have laid solid foundations for the successful company <a data-gid="gid://syiq/Company/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluewater (Company)">Bluewater</a>, which after over 29 years in action, has continued to expand in not only global reach and office location, but as the single provider of yacht brokerage, yacht charter, yacht management, crew training and crew solutions. The company are the only company able to sell, charter and manage yachts on which the crew were recruited and trained in-house.&nbsp;Now with an impressive fleet of charter and yachts for sale with <a data-gid="gid://syiq/Company/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluewater (Company)">Bluewater</a>, Bennett shares an insight into what makes the company stand out, how they’ve set up shop in Monaco and what superyachts to keep an eye on. &nbsp;<img src="https://sya.superyachttimes.com/uploads/store/photo/103698/image/large-9c7d40b27ca9b7495a923e568cade3e4.jpg" data-gid="gid://syiq/Photo/103698">Why does&nbsp;Bluewater&nbsp;stand out?I believe that spending time learning every aspect of the industry is important, as there is so much variety in yachting and the opportunities are endless - plus one of the strongest influences on the market is quality industry employees who know what they are talking about! These factors are important and from day one, I wanted to have a company that offered one complete service, so <a data-gid="gid://syiq/Company/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluewater (Company)">Bluewater</a> started as a crew placement agency before rapidly expanding into crew training, yacht charter, yacht brokerage and yacht management. We are the only major yachting company to offer such a range of services and now with 29 years of experience, <a data-gid="gid://syiq/Company/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluewater (Company)">Bluewater</a> offers our diverse and global client base an excellent personal service with a global vision.<img src="/uploads/store/photo/99272/image/large-e66498e5564e8c01373d68f029fe5d03.jpg" data-gid="gid://syiq/Photo/99272">When and why did the Monaco Sales &amp; Charter office open?&nbsp;<a data-gid="gid://syiq/Company/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluewater (Company)">Bluewater</a> already had strong ties with the Principality, particularly through our training partnership with the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Monaco Yacht Club</a>, La Belle Classe, where we host our annual Yacht Chef Competition every spring. Between <a data-gid="gid://syiq/Company/399" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Port Hercule (Company)">Port Hercules</a>, <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a> and the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2019">Monaco Yacht Show</a>, Monaco really is at the heart of yachting and so opening a Monaco office in Le Beau Rivage was clearly the natural progression to complement our significant Antibes office presence.&nbsp;Our new position will also help to enforce our strong network with the other 17 <a data-gid="gid://syiq/Company/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluewater (Company)">Bluewater</a> offices around the world and so, the team and I are really excited about the opportunities this new office provides us with and we look forward to strengthening our relationships with our clients in the Principality and beyond.<img src="https://sya.superyachttimes.com/uploads/store/photo/53468/image/large-5b78ee2fc3474af126ac9662afe5de9e.jpg" data-gid="gid://syiq/Photo/53468">Are there any further plans to expand the company?&nbsp;Yes, we will be looking to bring new sales and charter brokers on board to add to the already strong team in our Monaco office. The <a data-gid="gid://syiq/Company/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluewater (Company)">Bluewater</a> group employs over 120 people worldwide and we are always looking for new ways to expand and improve the service we provide to our clients. The yachting industry is constantly evolving and we aim to be at the forefront of change. A yacht broker 20 years ago only needed to know about the yacht, the deal and the sale, but today business has to be a lot more focused and knowledgeable. Because of this, I am constantly pushing my team to develop bespoke, innovative services the industry is demanding in this world of fast-moving connectivity.<img src="https://sya.superyachttimes.com/uploads/store/photo/83117/image/large-a1b2b5254587b223d55d94797100ec85.jpg" data-gid="gid://syiq/Photo/83117">What would you say are the most interesting yachts currently listed with&nbsp;Bluewater?We have a trio of interesting yachts in the 35 to 40-metre range including the 37-metre <a data-gid="gid://syiq/Yacht/562" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Devocean36.89m (121'0&quot;)Sunseeker2008">The Devocean</a>, a beautifully maintained 2008 <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, <a data-gid="gid://syiq/Yacht/1887" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giorgia36.6m (120'1&quot;)Benetti SpA2009">Giorgia</a> - a beautiful Benetti Classic 120 priced to sell, and <a data-gid="gid://syiq/Yacht/1247" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fiorente36.95m (121'3&quot;)Ferronavale1990">Fiorente</a>, a 36.95-metre <a data-gid="gid://syiq/Company/861" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferronavale (Company)">Ferronavale</a> motor yacht that been invested in considerably over the past few years and is a great opportunity for her next owner. Our charter fleet is also rapidly expanding, with standout yachts including the 67.5-metre <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>-designed <a data-gid="gid://syiq/Yacht/448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Icon67.5m (221'5&quot;)ICON Yachts2009">Icon</a>, the sleek 40-metre 2013 <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> <a data-gid="gid://syiq/Yacht/4231" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giraud40.0m (131'3&quot;)Admiral2013">Giraud</a> and the new 32.2-metre <a data-gid="gid://syiq/Yacht/7565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salt32.2m (105'8&quot;)SanLorenzo2019">Salt</a> delivered earlier this year from <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SanLorenzo (Company)">Sanlorenzo</a>.<img src="/uploads/store/photo/50620/image/large-3fc52f182e02d9cf6acc48a2fb59922a.jpg" data-gid="gid://syiq/Photo/50620">You are representing the 50-metre&nbsp;<a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a>&nbsp;<a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a>&nbsp;<a data-gid="gid://syiq/Yacht/994" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mosaique50.0m (164'1&quot;)Turquoise Yachts2001">Mosaique</a>. What are her best features?She is the best value 50-metre yacht on the market. <a data-gid="gid://syiq/Yacht/994" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mosaique50.0m (164'1&quot;)Turquoise Yachts2001">Mosaique</a> is a sleek and stylish yacht with a great volume of 589 GT and a beautiful, light interior by <a data-gid="gid://syiq/Company/41" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donald Starkey Designs (Company)">Donald Starkey</a> and <a data-gid="gid://syiq/Company/721" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kristina Ferrand (Company)">Kristina Ferrand</a>. Her full-beam master suite is one of her standout features along with the alfresco dining area for up to 16 guests on the upper deck and a great Jacuzzi area on the sun deck.<a data-gid="gid://syiq/Yacht/994" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mosaique50.0m (164'1&quot;)Turquoise Yachts2001">Mosaique</a> is ideal for an owner looking to enjoy the Mediterranean and Caribbean seasons and might like to make use of her strong reputation as a very successful charter yacht. As a very versatile superyacht, she is perfect for anything from a family holiday to large, corporate event charters.<img src="https://sya.superyachttimes.com/uploads/store/photo/83120/image/large-60393847014be8191ad0a4aaeebd8ad2.jpg" data-gid="gid://syiq/Photo/83120">To find out more about <a data-gid="gid://syiq/Company/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluewater (Company)">Bluewater</a>, contact the company directly at their new Monaco Sales &amp; Charter office via the details found below.&nbsp;

Bluewater’s founder Peter Bennett on the company’s expansion

Bluewater's founder Peter Bennett talks to SYT about the company's success and what superyachts to look out for.

5 questions with… Bluewater’s founder on the company’s expansion

Only a few months into the new year, 2019 has already seen a number of important developments within the yachting industry, one of which has been the increasing relevance of environmental sustainability. Utilising hybrid technologies, being conscious of the materials being used onboard and limiting waste products are just a few of the developments that are recurring in the industry.&nbsp;<img src="/uploads/store/photo/22202/image/large-6c8c0841447451ded42c074ab34f365b.jpg" data-gid="gid://syiq/Photo/22202">Environmental mindfulness in the context of new-builds and designs is becoming more of a commonplace, but still, many owners might feel that they lack the time, understanding, or resources to make a meaningful impact. And so, the question remains: what can yacht owners do to make a difference once all the parts have come together and their yacht has been delivered?&nbsp;<img src="/uploads/store/photo/9824/image/large-94e358e002b85898846c53002388737e.jpg" data-gid="gid://syiq/Photo/9824">Following the success of their mass cleanup in December of last year, motor yacht <a data-gid="gid://syiq/Yacht/2684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ace87.0m (285'5&quot;)Lürssen Yachts2012">Ace</a> Captain <a href="#managed-by-system" title="Ace87.0m (285'5&quot;)Lürssen Yachts2012" data-gid="gid://syiq/Yacht/2684" target="_blank" rel="noopener noreferrer"></a>Vladimir Celar and his crew, who have formed the <a data-gid="gid://syiq/Yacht/2684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ace87.0m (285'5&quot;)Lürssen Yachts2012">Ace</a> <a data-gid="gid://syiq/Yacht/3660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Garçon67.15m (220'4&quot;)Damen2012">Garçon</a> Environmental Committee, have several other environmental projects planned for the future, demonstrating just how easy it is to make a difference to the oceans and the environment that is vital to our industry. <img src="/uploads/store/photo/9778/image/large-ed66d7f52836351c6719e014b1249363.jpg" data-gid="gid://syiq/Photo/9778">The committee received its name from the yachts they operate. The 87-metre motor yacht <a data-gid="gid://syiq/Yacht/2684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ace87.0m (285'5&quot;)Lürssen Yachts2012">Ace</a>, built by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> in 2012, is known for travelling with her support vessel, the 67.15-metre <a data-gid="gid://syiq/Yacht/3660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Garçon67.15m (220'4&quot;)Damen2012">Garçon</a>. The <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen (Company)">Damen</a>-built support vessel, which was the Dutch shipyard’s first large support vessel, provides tender, crew, provisioning and helicopter support for <a data-gid="gid://syiq/Yacht/2684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ace87.0m (285'5&quot;)Lürssen Yachts2012">Ace</a>. The owner, who wishes to remain anonymous, gave the go-ahead for the committee to participate in these environmental projects and supports the team’s notion of: Get involved. Recycle. Save the Oceans.<img src="/uploads/store/photo/70147/image/large-b71678bebe3e69640668762fd83444a1.jpg" data-gid="gid://syiq/Photo/70147">Armed with hundreds of rubbish bags, Captain Celar from <a data-gid="gid://syiq/Yacht/2684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ace87.0m (285'5&quot;)Lürssen Yachts2012">Ace</a> and Captain Laing from <a data-gid="gid://syiq/Yacht/3660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Garçon67.15m (220'4&quot;)Damen2012">Garçon</a>, as well as their crew, took on the island of Koh Yao Noi in Phuket Province on 22nd December 2018. The committee organised a mass cleanup, and the village head Phuu Yai Baan mobilised his resources, resulting in a turnout of about 80 locals, including 30 children. At least 500 bags of plastics and rubbish were carted away in four truckloads to be recycled.&nbsp;<img src="/uploads/store/photo/70165/image/large-8f78e91f04e898a46b02b0ff4ae9b70c.jpg" data-gid="gid://syiq/Photo/70165">Captain Celar sits down with SYT and reveals the reasons behind the initiative and how projects like this could be feasible for yacht owners around the world.What was it that made you start the initiative? Pollution of the oceans and the Earth, in general, is a global problem affecting us all. I believe everyone should do something to help – no matter how big or small. It has been a couple of years that captains of <a data-gid="gid://syiq/Yacht/2684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ace87.0m (285'5&quot;)Lürssen Yachts2012">Ace</a> (myself and Nick Street) and <a data-gid="gid://syiq/Yacht/3660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Garçon67.15m (220'4&quot;)Damen2012">Garçon</a> (James Laing and Matt Smith) have been working towards more green and efficient ways in terms of operating the yachts, products used for cleaning and maintenance, and reducing the waste, especially plastics.&nbsp;In September 2018 prior to our voyage to Asia for the winter season, we decided to take this initiative further and create the <a data-gid="gid://syiq/Yacht/2684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ace87.0m (285'5&quot;)Lürssen Yachts2012">Ace</a>&nbsp;<a data-gid="gid://syiq/Yacht/3660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Garçon67.15m (220'4&quot;)Damen2012">Garçon</a> Environmental Project. A committee was formed with volunteers and crew members of any rank. We set the goals and managed the project, and the entire crew of both yachts were super happy to participate!<img src="/uploads/store/photo/70148/image/large-ab0bc0a590647a8a6c676b4da719d6e8.jpg" data-gid="gid://syiq/Photo/70148">There are a few established environmental projects in action already - why did you choose to create your own and not join another project?There are many environmental projects and organisations out there but we wanted to do this completely independently to set a good example to other yachts. No one in the industry has to sign up to any institution – you can just do it. In saying this, we collaborated with the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Monaco Yacht Club</a> and presented our work on the 28th March 2019 with the idea to encourage more yacht owners, captains and crew to be proactive in any possible way.<img src="/uploads/store/photo/70150/image/large-32d157720a0c474a27aeb67f31c6a54a.jpg" data-gid="gid://syiq/Photo/70150">How do you propose to generate more budget for these initiatives? We wanted to show that almost no budget is needed to reduce the use of plastic, do a beach or dive site cleanup or further educate the crew or local communities. We discussed this with the owner and asked for only a few hours a month for the crew to spend on a good cause with a very small budget. It is incredible what a group of crew with a couple of tenders and usual onboard equipment can do to make a change.&nbsp;The massive mangrove and beach cleanup we did in Thailand with the local community cost almost nothing. We spent about €1,000 of donated money on educational books, colouring books, pens made out of recycled newspapers and reusable water bottles. Without donations, the project would cost almost nothing.Our current project’s budget is about the cost of one day of mooring fees for a yacht, and that was to purchase and install the Seabin on the back of <a data-gid="gid://syiq/Yacht/3660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Garçon67.15m (220'4&quot;)Damen2012">Garçon</a>. It is the first portable Seabin that will remove plastics from the sea all over the world. This is already in action and proving to be an amazing project.<img src="/uploads/store/photo/70154/image/large-8a17ed587379a265fc7dbd7522e3a2e9.jpg" data-gid="gid://syiq/Photo/70154">What is the response you are getting to this initiative? We are receiving a great response with individuals and companies asking us how can they help, or if we could arrange similar projects in other locations around the world. One of the biggest successes with these projects was that we’ve put in touch many people from the same areas wishing to do something and now they are planning similar projects. We have also been invited to the Ocean Talks event in London this June to share our projects, meet like-minded colleagues and scientists and see if we can take this further. &nbsp;<img src="/uploads/store/photo/70149/image/large-8367ecb441023c3e20eced09106613d9.jpg" data-gid="gid://syiq/Photo/70149">What more do you think we can do as an industry to help limit plastic use? There are many ways to limit the use of plastic on board and in general. There are many articles online that can be placed in crew messes to educate the crew. Our major contribution to reducing plastics on board has been in eliminating the purchase of drinks in plastic bottles. We maintain freshwater tanks and use filtration and mineralisation, making the drinking water on board very good quality. All crew use reusable water bottles and with this alone, with a crew of 46, we eliminate the purchase of about 1,500 plastic bottles each month! This also reduces the costs of provisions and garbage disposal, which is becoming a big annual expense.<img src="/uploads/store/photo/70155/image/large-d13785c80b2f664a6cc1029135ac9788.jpg" data-gid="gid://syiq/Photo/70155">Does having economical capabilities onboard yachts require new skill sets? Not really. Professional yacht crews are more than capable of managing projects like these. Also, amongst the crew, there are always individuals who have various university qualifications that are not being used for the onboard job but that can come in handy - marine biologists (like Daniella from <a data-gid="gid://syiq/Yacht/3660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Garçon67.15m (220'4&quot;)Damen2012">Garçon</a>), photographers, videographers and teachers. Plus there are always a few tree-huggers, vegans and other modern green warriors keen to take the extra step.<img src="/uploads/store/photo/50310/image/large-6257e0285e78ccfa890ea1c1feef3a47.jpg" data-gid="gid://syiq/Photo/50310">Have you seen a difference in attitude from owners who want to do, and to be seen doing more to help?Our owner is very happy for us to do these projects and proud of us doing it but wishes to remain anonymous. I think that there are definitely differences in attitudes of the yacht owners who are willing to help, which is something we should welcome and embrace. There are several yachts I know of that are doing different projects around the world – from helping local communities after natural disasters to beach cleanups to owners allowing their yachts to be used as scientific research vessels. This was not the case in yachting 20 years ago.<iframe width="640" height="360" src="https://www.youtube.com/embed/7idMQN3S5HU?wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>

Superyachts or superheroes? Ace and Garçon on their environmental mission

The Ace and Garçon Environmental Committee has committed to cleaning up the Earth's beaches eliminating plastic waste.

Formed in 2008 with the purpose of uniting owners with the rest of the yachting sector, the Yacht Club de Monaco held its annual dinner debate, La Belle Classe Superyachts Business Symposium last week. With half those in attendance yacht owners, various topics of debate were discussed at the event including the global yachting market and the changing mentality of yacht owners, as well as new trends and new opportunities to ensure safe sailing. <img src="/uploads/store/photo/63648/image/large-ae12fed61d617bf6256c8890db67a3e6.jpg" data-gid="gid://syiq/Photo/63648">Founder and Director of <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>, Merijn de Waard, opened the first session of the La Belle Classe Superyachts Business Symposium 2019 and presented a facts and figures comparison of the market over the last 10 years.&nbsp;As he explained, since 2010, the number of yachts delivered and in operation, of all sizes, has increased steadily and consistently. For used yacht sales, 2017/2018 were both good years compared to 2015/2016. In 2018, the 60+metre and 30 to 40-metre markets were the best performing size ranges, while the 40 to 60-metre market was slower in 2018 compared to 2017.&nbsp;De Waard explained that, at present, the order book looks healthy with a good number of yachts in construction, mostly in the 30-40 metre range, and, where countries are concerned, the Italians are leading the way followed by the Dutch. But for total combined volume, Germans are currently in the lead as they build the biggest yachts in the world.Later on, Dimitri Semenekhin, CEO of Yacht Harbour, conducted a study focused on the Russian market using the data collected from his website. Based on his study, the statistics show that medium-sized yachts have not yet recovered from the crisis. According to Semenekhin, Medium-sized yachts appear to suffer from a sharp depreciation, which reduces demand and discourages the wealthiest from becoming owners.However, larger sized yachts show a different story, since 25% of superyachts over 70-metres were built in the past few years, of which 30% are owned by Russian owners. Semenekhin's statistics also revealed that, on average, Russian owners possess 2.8 yachts. He suggested that only the highest quality yachts have maintained high prices thanks to this niche demand. <img src="/uploads/store/photo/63647/image/large-a953c6f4178f80df3339e811d6444435.jpg" data-gid="gid://syiq/Photo/63647">Fadi Pataq, Creative Director at <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug,</a> outlined the cost breakdown of a standard 80-metre yacht, with 50% of the cost of the yacht coming from the materials, 18% for the luxury interior, 17% for production and 15% for the engineering. The raw materials used for yacht construction (such as teak, steel and aluminium) have increased considerably, thus influencing the price per square metre. "The American and European market is doing well"&nbsp; commented Theo Hooning, SYBAss Secretary-General, &nbsp;"The number of buyers of large yachts is constantly increasing despite an increasingly charter-oriented market". &nbsp;Notably, his comments were backed by Michel Buffat, Head of Yacht and Aviation Finance Credit Suisse, who has also observed an increased interest in and purchase of eco-friendly yachts from owners, as well as commenting that the younger generation does not seem particularly keen to their parents’ yachts and are more inclined towards chartering. Buffet also noted that clients from emerging European countries remain the most important ones in yacht financing. &nbsp;<img src="/uploads/store/photo/63649/image/large-883b036d3b3e9fd4fc5534e12ba8571f.jpg" data-gid="gid://syiq/Photo/63649">Finally, another topic discussed at this year's La Belle Classe Superyachts Business Symposium was exploration. The evolution of the volume and length of yachts is accompanied by a new state of mind from today's superyacht owners, who are ready to travel the world to discover remote regions, as well as demonstrating a real desire for clean and sustainable navigation.&nbsp;However, as discussed by the speakers, for the trips to be successful, they also require knowledge of the climate in these regions in order to avoid problems. Nicolas Mior, from <a data-gid="gid://syiq/Company/1216" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ascoma Maritime (Company)">Ascoma Maritime,</a> explained how the recent weather catastrophes in the Caribbean and in Europe have impacted the yachting industry by releasing the number of yacht losses, causing the insurance market to face continued pressure to adopt sustainable premiums.&nbsp;Following La Belle Classe Superyachts Business Symposium, the next major upcoming event at the Yacht Club de Monaco is the ninth Environmental Symposium, which will be held on Thursday 28th March as part of the Monaco Ocean Week.&nbsp;

Insights from La Belle Classe Superyachts Business Symposium 2019

SYT finds out the latest industry insights from La Belle Classe Superyachts Business Symposium 2019.

'Bigger is better': Lessons learned from La Belle Classe Superyachts Business Symposium 2019

Although the superyacht industry is relatively small in comparison to other sectors, it is filled with international professionals and experts from a range of markets. Many of us in the industry are able to identify most of the largest and most iconic yachts, but how well do you know the owners of these boats? In this feature we speak with some of the most experienced owners in the industry, taking a peek inside their lives and yachts.&nbsp;<h2>Sabina Nasser, &nbsp;co-owner of the 43m&nbsp;BINA</h2>Sabina Nasser's love for yachts started at an early age, as she often spent summers on chartered yachts with her Brazilian family. When she was 17 years old, her family purchased their first yacht, a Ferretti 43’ Flybridge. Since then her family have owned several boats together. In 2013 they acquired <a data-gid="gid://syiq/Yacht/85" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bina42.65m (139'11&quot;)">BINA</a> and after an extensive refit turned her into their ideal yacht, which they have enjoyed cruising on for a number of seasons.&nbsp;<img src="/uploads/store/photo/23856/image/large-4a58451ec6bb1d7722f324fe049ff87d.jpg" data-gid="gid://syiq/Photo/23856">What is your most memorable moment onboard&nbsp;BINA? One that comes to mind was this past June when we managed to pull off a surprise birthday party for my brother. It was a week-long celebration with a theme night; 15 friends came from all over the world to celebrate his birthday with us! It took a couple of months to plan, but he was extremely surprised in the end.Pick one destination for summer sailing - the Greek Islands, the South of France or the Italian Riviera?&nbsp; It would have to be between the Greek Islands and the South of France. My personal favourite is the South of France because there is something for everyone, but let's go with the Greek Islands, because of their beauty. There is so much to see and do there and there are so many different groups of islands to explore. <img src="/uploads/store/photo/21782/image/large-bb1fb6ff007554357891269cebedf206.jpg" data-gid="gid://syiq/Photo/21782">What are your plans for the winter season aboard&nbsp;BINA? They are uncertain for now. We do not think we are going to be taking <a data-gid="gid://syiq/Yacht/85" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bina42.65m (139'11&quot;)">BINA</a> to the Caribbean this year – it’s not a long enough season for us. So <a data-gid="gid://syiq/Yacht/85" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bina42.65m (139'11&quot;)">BINA</a> is actually going to be off for the winter. We are giving her a little break.&nbsp;Cannes Yachting Festival or Monaco Yacht Show?&nbsp; I think Cannes is more fun and Monaco is more glam, so I probably would go with Cannes.&nbsp;What does the name BINA mean?&nbsp; Actually, all the boats we have owned as a family have been named <a data-gid="gid://syiq/Yacht/85" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bina42.65m (139'11&quot;)">BINA</a>. <a data-gid="gid://syiq/Yacht/85" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bina42.65m (139'11&quot;)">BINA</a> is my family’s pet name for me which is a nice connection.&nbsp;<img src="/uploads/store/photo/19898/image/large-89a76d269c8926fafbd0e3a880e37149.JPG" data-gid="gid://syiq/Photo/19898">What is your stance on shared ownership based on the perspective that you own BINA together as a family? Would you recommend this type of ownership to others? &nbsp; Yes and no. I think in our case we never really saw it as shared ownership - all the boats we have owned have always been family owned. However, when we bought <a data-gid="gid://syiq/Yacht/85" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bina42.65m (139'11&quot;)">BINA</a> it was owned by a group of three friends and it was a sticky situation. Even during sail, there were one or two who wanted to sail more than the other and who used it more. It's always hard when you own a boat with a group of friends. As a family, we don't really care who uses the boat, or who uses it less.&nbsp;Owning a boat is similar to running a business, even if you don't charter it, in terms of how it needs to be run - there are employees, there are costs, overhead, all sorts of things to keep in mind. So unless you are working with people you really trust, it may go south. There are companies that offer shared ownership programmes where the owners do not necessarily know each other. If it’s similar to the timeshare of a boat, then I think that model could work and make it accessible to more people. It is a very viable model but it needs to be done with care and professionalism.&nbsp;<h2>Bill Duker, owner of the 70m Sybaris&nbsp;</h2>Bill Duker, a lawyer-turned-software entrepreneur, is a serial yacht owner. He sold his Apogee penthouse in Miami Beach back in 2016 to travel around the globe on his custom 70m Perini Navi sailing yacht, <a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)">Sybaris</a>. Currently one of the largest sailing yachts in the global fleet, the idea behind <a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)">Sybaris</a> started many years ago following a discussion with his son West Duker before finally becoming a reality in May 2016.&nbsp;<img src="/uploads/store/photo/24046/image/large-fc9440649886e23a8530a79642448ba4.jpg" data-gid="gid://syiq/Photo/24046">What is your most memorable moment onboard Sybaris? The most memorable moment for me onboard <a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)">Sybaris</a> was an event in December 2016, shortly after <a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)">Sybaris</a> was delivered in Miami Beach Florida, during Art Basel. Not only was I able to introduce the boat to a large group of friends, but I was also able to introduce its interior designers and art consultants to my guests. Both the designers and art consultants were able to talk about their significant role in the development of the project and express their pride in being part of the team that brought together an incredibly beautiful sailing yacht.&nbsp;Pick one destination for summer cruising - the Greek Islands, the South of France or the Italian Riviera? The Greek Islands. <a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)">Sybaris</a> spent the first part of this summer cruising the Aegean sea, from Corfu to Athens to Mykonos and Santorini. Each spectacularly beautiful, but unique.&nbsp;<img src="/uploads/store/photo/21990/image/large-0a84ba586996fde76c0813d39839e300.jpg" data-gid="gid://syiq/Photo/21990">What are your plans for the winter season aboard Sybaris?<a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)"></a> <a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)">Sybaris</a> will cross the Atlantic in mid-November to return to Miami for Art Basel. It will head to the British Virgin Islands for Christmas and New Years and then continue to the West Indies and Grenada before heading to the southern tip of South America and the Pacific.Cannes Yacht Festival or Monaco Yacht show?<a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)"></a> <a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)">Sybaris</a> was at the Monaco Yacht Show this year. I’m a member of the Monaco Yacht Club and the boat show is my favourite week in Monaco because Monaco is filled with friends, and during that week, there are events that I enjoy immensely.<img src="/uploads/store/photo/51040/image/large-267bffecdb68f8bb74c368bc48322844.jpg" data-gid="gid://syiq/Photo/51040">What does the name Sybaris mean? The sailing yacht <a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)">Sybaris</a> is named after an Ancient Greek civilization that settled in the heel of Italy in 500 BC. The Sybarites were known for their self-indulgent lifestyle. The word sybaritic in English means self-indulgent. <a data-gid="gid://syiq/Yacht/4315" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sybaris70.0m (229'8&quot;)">Sybaris</a> is, if nothing else, a self-indulgence.You previously mentioned that the idea for Sybaris had been on your mind ever since and your son West sketched out the yacht of your dreams on your first boat. What is it about yachts that bring people together? &nbsp; My son’s formative years were spent on <a data-gid="gid://syiq/Yacht/5028" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dance Smartly32.77m (107'6&quot;)">Shanakee</a>, and I like to say, that we were never more than 33.5-metres apart. To some extent, my son grew up in a bubble, but it was a bubble we made and one that protected him from some of the ugliest parts of the world. It built a strong family bond that continues 25 years later as we now work together in business, as well as in developing plans for the next sailing yacht.&nbsp;<img src="/uploads/store/photo/32506/image/large-b5d830f73f778af38b3398c1b21bec60.jpg" data-gid="gid://syiq/Photo/32506">Like me, his happiest days now are spent on the boat. Sometimes we are together, and sometimes we are with our own friends, but we are always connected.&nbsp;<h2>Mary Shores, co-owner of the 33m Marae</h2>Mary and Mark Shores grew up on the East Coast of the U.S, near the Chesapeake Bay. Being on and around the water has always a central part of their lifestyle. They purchased their first boat after they were wed in 1978, a 7.3m Rainbow Weekend and gradually moved up in size before purchasing their current yacht, the 33m sailing yacht <a data-gid="gid://syiq/Yacht/660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marae32.97m (108'2&quot;)">Marae</a>, to accommodate their growing family.<img src="/uploads/store/photo/29472/image/large-90f305fb5532f014b6938eb6410c8b7b.jpg" data-gid="gid://syiq/Photo/29472">What is your most memorable moment on board Marae? Doing the Bucket Regatta in St Bart’s this past year. We had a crew of friends and family that were all racing together as a team for the first time. It was very special to see how everyone worked together to have what is normally a relaxed, cruising boat function as a racing boat.&nbsp;Pick one destination for summer sailing - the Greek Islands, the South of France or the Italian Riviera? The one summer destination we would pick (which isn’t on the list) would be a body of water in Maine named the Eggemoggin Reach. Maine is a pristine area and it offers the perfect cruising ground to get away from it all. On a brilliant blue sunny summer day with perfect cool temperatures, with the perfect wind, flat water, it’s just perfect for sailing.What are your plans for the winter season aboard Marae? We are heading back to the Caribbean and look forward to visiting the Virgin Islands. We know they have been working hard to recover from the hurricane damage and we are anxious to catch up with old friends down there. We are looking forward to doing the Bucket Regatta in St Bart’s again.<img src="/uploads/store/photo/28764/image/large-60a1295fe4db7e69fe936dfd8d6a9d80.JPG" data-gid="gid://syiq/Photo/28764">Cannes Yacht Festival or Monaco Yacht Show? We haven’t done either, but both are priorities on our to-do list when we have more time. We are sure visiting them would be a great experience.&nbsp;What does the name Marae mean?<a data-gid="gid://syiq/Yacht/660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marae32.97m (108'2&quot;)"></a> <a data-gid="gid://syiq/Yacht/660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marae32.97m (108'2&quot;)">Marae</a> (pronounced Mar-eye) is of New Zealand origin. Our boat was built in New Zealand by Alloy Yachts, so we were thinking about that country when we named it. In New Zealand, a Marae is a special meeting place for family and friends in the community. &nbsp;We think of our yacht as that type of place.&nbsp;There is a lot of talk about different types of ownership going around at the moment, such as shared ownership - what are your thoughts on this?&nbsp; We think it's great that innovation continues to pave the way for different types of ownership, to help make it more affordable or practical. The key is understanding the trade-offs linked to varying degrees of ownership. On one end of the spectrum, we have fractional ownership programmes, on the other a fully-owned private yacht and in the middle privately owned yachts that charter - it's all a matter of what owners want from the experience. But these variations all require different levels of financial commitment, benefits and flexibility. &nbsp;We think it is key that there are successful ownership models in which customers can have a great experience with. A privately owned yacht that charters is somewhat similar, but the owner has a bit more control and flexibility next to a larger financial commitment. That is the model we use for <a data-gid="gid://syiq/Yacht/660" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marae32.97m (108'2&quot;)">Marae</a>. Our goal is to have a regular group of repeat charter clients that value our experience.&nbsp; <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription" rel="noopener noreferrer" target="_blank" title=""><img src="https://sya.superyachttimes.com/uploads/store/photo/23641/image/large-5807815e2703721ae6618b7a54d59cdb.png" data-gid="gid://syiq/Photo/23641"></a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;This article is featured in the latest edition of the SuperYacht Times newspaper. <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription">Subscribe now</a> to receive your copy straight to your door and never miss another issue.

Owner insight: Living the yacht life

Born and bred in Norway and departing as a teenager to study in Normandy, it’s apparent as soon as I sit down in Espen Øino’s Monegasque office that Øino’s Scandinavian motherland is at the heart of everything close to him. “Five generations of wooden boatbuilding on my father’s side in the mountains of Norway,” he tells me, “and on my mother’s side, my family had a maintenance shipyard and were involved with building engines. But I’m not unique, many people have this heritage in Norway.” Unique or not, Norway is the root of his natural enthusiasm for the water, for boats, for nature, the environment, and, actually, is the real reason behind his aforementioned modest demeanour. &nbsp; &nbsp;<img src="/uploads/store/photo/14601/image/large-b8a00a6c7ffaa0bca1dde0014b6f136a.jpg" data-gid="gid://syiq/Photo/14601">Photo by Guillaume PlissonThis humility is one of the most interesting characteristics of Espen Øino. It’s not that it is expected of successful figures to be overly confident, self congratulatory, or even egotistical - but Øino is the polar opposite. Though certainly self-assured, he actively shirks away from showering himself with praise and is downright uncomfortable when others try to do so (I don’t know,” he quickly shrugs off as I pose his reputation to him, “I just forget about all that stuff. It’s very embarrassing to read it about yourself.”). This discomfort is quickly attributed to Janteloven, or the Law of Jante - a Scandinavian ideology that encourages putting society before the individual, discouraging putting your head and shoulders above anyone else. “The Law of Jante can be summarised as ‘Don’t think you’re better than anyone else’,” Øino explains. “Do your stuff, do it well, but don’t go out and brag about it. So there is something inherently within me that means I have a problem with highlighting myself or showing off and saying that we’re the best.” &nbsp;This deep-rooted societal philosophy is not limited to personal encounters with Øino and is also the justification behind the studio’s distinct lack of online presence. In fact, anybody eager to learn more about Espen Øino International on the world wide web will be surprised to find nought but a static homepage at the company’s website completed simply with an address, telephone number and logo. “I don’t want to shout from the rooftops that everyone should look at us. And so many of our projects are confidential, so we can’t really talk about anything anyway. I made an executive decision not to do the website many years ago and have stuck to that… I was, however, recently in Australia with Guillaume Plisson, and we were shooting one of the Silver boats. He introduced me to Instagram and I have been hooked since. But the Law of Jante is deeply rooted in the Scandinavian mind, and that is at least my own analysis of the lack of website and general digital presence.”&nbsp;Whether or not Janteloven is a valid excuse for a lack of online presence in an increasingly digital world aside, the theme of modesty is not one that usually goes hand in hand with the superyacht industry… and neither is Monaco and an aversion to the luxury lifestyle. But somehow, Øino proves that both of these things can be true in one capacity or another: “I instantly felt that this was the place for me when I came to Monaco,”&nbsp;he remembers.&nbsp;“Not for the glamour - I couldn’t care less about that side of things - but the proximity to the sea and the mountains. I had never seen so many boats in my life back in ‘81.”&nbsp;<img src="/uploads/store/photo/14602/image/large-bff16edcde0df0695c94917d1321a950.jpg" data-gid="gid://syiq/Photo/14602">Espen Øino studying in NormandyBeing told that the person in front of you is not interested in glamour and wealth is a hard pill to swallow when you’re sat eating lunch together at the Yacht Club de Monaco, the conversation constantly veering off on rather spectacular tangents of exclusive Dolce &amp; Gabbana weekend events and hanging out with Hollywood’s most celebrated movie producers… and of course, it’s true that Espen Øino is fully part of the luxury lifestyle. From dining in the world’s finest restaurants with some of the planet’s wealthiest people to enjoying plenty of time onboard his own designed superyachts, to even just living in Monaco… he is part of it. But what is interesting is that though this lifestyle is what, undoubtedly, attracts many to the world of superyachts, it’s hard not to believe Øino when he says that, genuinely, he is just a hardworking guy passionate about boats, the sea and design. “The pleasure is being on the water. Of course, it’s great to be on a 70-metre superyacht, but it can also be a sea kayak, a stand-up paddleboard, a 4-metre boat with a little outboard - I don’t care. I’ve spent a lot of time on the water and I always find pleasure in it - luxurious or not.”&nbsp;It’s one thing to say you’re passionate about boats no matter the size, but Øino designs superyachts. The millionaire's plaything, the floating palaces on the sea: the epitome of luxury. However, luxury, he persists, is something that doesn’t necessarily have to be at the heart of superyachting and, so he says, the industry is shooting itself in the foot by providing only one real option for superyacht owners. “One of the problems people have with yachting is rather self-inflicted,” he muses. “We think of our industry as luxurious, but it does not have to be that way: a yacht does not have to be pretentious. When you see the level of detailing and finishing that you see onboard yachts, you very rarely see that in the same clients’ homes and offices. They are not as demanding with these assets as they are with their yachts. The price per square metre on board a yacht is incredible. We’re at the risk of killing our own industry here. Some people have started thinking that this is crazy - and it is.”Though the uber-opulent state of superyachting has never been Øino’s main attraction to designing boats - (“Growing up in Norway, my idea of what I would be designing was more focused on the small motor boats and sailing yachts. Designing these big yachts that we do here… that was kind of accidental.”) - the success that has followed every Øino-stamped project from his first superyacht project, the 74.5-metre ECO designed by Martin Francis, to one of his latest, the 106-metre Lürssen-built Amadea, has allowed him the freedom in his career to follow his true passions 25+ years down the line. “We’re doing a lot of tenders and small boats now,” he says. “I like doing less glamorous boats. I’m in the fortunate position where I can do more of what I like, and I like these boats. They’re more relatable. You can buy them and drive them yourself. So, the next thing is small production boats - we’re starting now with a Norwegian manufacturer.”<img src="/uploads/store/photo/14604/image/large-37b84ee9f8a04f65aeb11d914512de03.jpg" data-gid="gid://syiq/Photo/14604">Amadea“Many people tell me that I shouldn’t do it,” he continues, setting himself apart once more from the typical expectations of a Monegasque-living superyacht designer, “That I’m diluting my ‘brand’. But I don’t care! I like this. I’ve always been fascinated by ships, and if I think there’s something in this tender or on a cruise ship that I can improve, then why not do it? My philosophy is do something because you like to do it, and never do it for the money.”Smaller boats, tenders and cruise ships aside, one of the most exciting projects to be revealed by Espen Øino International - and one that is also certainly something different to the Øino vessels we are used to - is the REV project. Measuring 181.6-metres and with a heavy focus on the environment, the REV project will be built by the commercial shipbuilder VARD and is the result of a close collaboration between Espen Øino International and the project’s Norwegian owner, Kjell Inge Røkke. “We’ve been working on the REV project for around a year and honestly, in the beginning, it wasn’t this big. The owner is a very competitive guy and a very interesting character, and he’s pushing the boundaries a lot. He is somebody that is extremely practical with serious knowledge of boats, ships and nautical industries - he’s made all of his money through the sea in one way or another, from fishing to shipping to oil and gas. So he knows his stuff. He is somebody who is a perfect example of someone who loves to be involved in the project.&nbsp;“For us and for him, it’s a very different project because a lot of it is about giving back. He has signed the Just Giving pledge with Bill Gates, and this is part of it. So the boat is for scientists, for school children, for classes, to go and do research expeditions. He understands that we need to do something about the environment… This project goes beyond what we usually do.” Construction of the vessel will take place in several stages, with the hull to be built at VARD’s Tulcea facility in Romania. It will then be towed to the company’s shipyard in Brattvaag, Norway, for outfitting, and following hand over to her owner in Norway in the summer of 2020, the ship will be returned to Romania where fairing, deck-laying and finalisation of the accommodation areas will take place.<img src="/uploads/store/photo/7759/image/large-6e9cda5054478c3c8d6bbabee1a50f45.jpg" data-gid="gid://syiq/Photo/7759">Project REV&nbsp;Another clear indicator of his passion and almost disconnect with the hyper-lux world he finds himself in is that, for several years now, Øino has been developing a true passion project for himself. Talking of the project whilst showing me the erratic Fjord-invaded coastline of Norway, he says: “I have a personal project to go and cruise the entire coast of Norway on a small boat, but that will be in a couple of years. I have my own design for a boat for myself to actually go and do this. It’s a 14-metre boat which has been on the backburner for the past six or seven years - a fast, fast, fast boat designed specifically to go around the Norwegian coast.” Though he is, indeed, in a position to do what he wants - why hasn’t this boat come to fruition yet? “The thing that holds me back from making this thing a reality is time. I have obligations to my clients, and life is all about priorities... but hopefully, this will get built one day.” It’s almost a bit comforting to know that even some of the world’s most successful people have dreams on the backburner.&nbsp;So what’s the next for Espen Øino International? Inevitably, confidentiality clauses prevent Øino from spilling even one drop of information regarding the doubtless cool projects in the pipeline so, aside from the REV project and a small cruise ship for a Norwegian builder, time will have to tell. Perhaps we will spot Øino happily cruising the extensive coast of his motherland sometime soon, perhaps not. For now, at least, all that’s left is to continue to be the one, the only, Espen Øino.