Gloria Yacht News & Events

Gloria in Newport

original

small

medium

large

extra_large

Gloria yacht brochure

Gloria

Like all Greeks, Nikolas Pateras has an inherent love for the sea, but his passion for seafaring goes beyond that of even his most water loving countrymen. Born into a seventh generation shipping family, Nikolas has been raised on the water, surrounded by yachts and vessels of all sizes. At the age of only 33 he acquired his first yacht, the 31.5-metre classic <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/Yacht/757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dama di Cuori31.5m (103'4&quot;)Benetti SpA1970">Moongoddess</a>, which sparked a lifetime's journey of yacht ownership that has seen him own eight yachts over the past twenty seven years. Today Nikolas is the proud owner of both the 65.25-metre <a data-gid="gid://syiq/Yacht/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adamas V65.25m (214'1&quot;)Cantieri Navali Nicolini Srl1987">Adamas V</a> and the renowned <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> built sailing yacht <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a>. This January Francesca Webster sat down with Nikolas to hear the story of his life aboard boats.<img src="https://photo-assets.superyachttimes.com/photo/309866/image/large-0aadf7bb4245a0a318e7159a4533b68d.png" data-gid="gid://syiq/Photo/309866">Originating from the tiny island of Oinousses, Nikolas’ family earned their living in the 1700s by transporting goods from the Turkish coast to the island of Chios. By the late 1800s, the familial business had grown from small wooden vessels to clipper ships and by 1902 they purchased the first steamship.A legacy of perseverance and determination, the family business has been through good years and tough times, losing all their ships in both World Wars. Nikolas first joined the company Pateras Brother Ltd, in 1986 at the age of 23, and since joining has managed 150 vessels. In 2015 he moved into the container ship market with Contships Management Inc. While cargo ships are his business, it is in yachts that Nikolas and his family get the most pleasure. “My father and uncle had boats from the early 1970s, and my uncle built a trawler with accommodation in the bow. I used to spend all my time onboard, working as crew at the age of 14-15 during the summer holidays learning the ropes. It became my dream to buy my own when I was grown up.”<img src="https://photo-assets.superyachttimes.com/photo/65838/image/large-cb8c108da5697c524fe824280859432c.jpg" data-gid="gid://syiq/Photo/65838">“When I saw <a data-gid="gid://syiq/Yacht/757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dama di Cuori31.5m (103'4&quot;)Benetti SpA1970">Moongoddess</a> in Monte Carlo I fell in love. I’d always wanted a canoe stern yacht and she was built like a pocket size mega yacht. White hull and traditional lines. The lady I acquired her from even gave me the Hermes cigar humidor that was originally onboard, which I still have to this day. ”She was the first Adamas, the Greek word for Diamond”. His daughter Anastasia was born in 1996, the year he acquired <a data-gid="gid://syiq/Yacht/757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dama di Cuori31.5m (103'4&quot;)Benetti SpA1970">Moongoddess</a> but not long after Anastasia’s birth came a second child, and around the same time many of Nikolas’ friends were also building families and wanting to spend time onboard, so it was time to scale up.<img src="https://photo-assets.superyachttimes.com/photo/104517/image/large-37f5a4e07f2627b50397023f38d0d22f.jpg" data-gid="gid://syiq/Photo/104517">Walking through Rotterdam airport one morning in 1998, Nikolas picked up an industry magazine and flicking through the pages, found a <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> advert for Azzam, which later became his <a data-gid="gid://syiq/Yacht/2201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Itoto61.0m (200'2&quot;)Dauphin Yachts1987">Adamas II</a> on the market for $16 million. The 59-metre yacht had an interesting history having been owned and built by the Emir of Abu Dhabi as an almost exact copy of the 61-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/1435" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanoo61.0m (200'2&quot;)Feadship1979">Sanoo</a>. “She was an interesting size and had nice <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>-esque lines, so I called the broker and offered $8 million. He said that it was never going to happen, and that they had two American clients offering $14. But not long after I got a call back because the Americans would only take the yacht if she was delivered to the Med, and the owner was refusing to send the yacht through the Suez Canal, so whoever took delivery would have to do so in Abu Dhabi. I sent a few guys down there, and they looked her over, said she was in great condition so we put the offer back on the table. The Emir accepted and even left all the furnishings and cutlery onboard, as well as two <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> tenders.’’<img src="https://photo-assets.superyachttimes.com/photo/57492/image/large-c2fbcfadd1c4cf04602a352bf9bfd44c.jpg" data-gid="gid://syiq/Photo/57492">Nikolas brought her back to the Piraeus, where all of his commercial work takes place, for a refit, and he kept the yacht for 10 years, cruising her through the Mediterranean and Aegean with his family. Today she is moored around the corner from the Nikolas’ office in Athens, renamed <a data-gid="gid://syiq/Yacht/2201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Itoto61.0m (200'2&quot;)Dauphin Yachts1987">Itoto</a>.<img src="https://photo-assets.superyachttimes.com/photo/13169/image/large-597991ee8fab55be7b4d01b45b5fdf49.jpg" data-gid="gid://syiq/Photo/13169">With <a data-gid="gid://syiq/Yacht/2201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Itoto61.0m (200'2&quot;)Dauphin Yachts1987">Adamas II</a> sold in 2006, along came <a data-gid="gid://syiq/Yacht/3971" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gloria38.4m (125'12&quot;)Jongert Yachts1986">Gloria</a>, a beautiful 38.4-metre <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> ketch; “I’d wanted a sailing yacht for quite a few years and had owned smaller yachts in my youth. It was my dream that the children would grow up sailing as I had, but while they loved being onboard, neither took to sailing particularly. Then one day in 2010 my captain called me and said that there was a man sitting on the dock staring at <a data-gid="gid://syiq/Yacht/3971" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gloria38.4m (125'12&quot;)Jongert Yachts1986">Gloria</a>. I sent one of the crew to approach the guy, who turned out to be Peter De Savary, previously owner of <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>. Peter had fallen in love with the yacht and we came to an agreement for him to buy her.”<img src="https://photo-assets.superyachttimes.com/photo/11021/image/large-64d186ab952f1e4c0420875fc39db076.JPG" data-gid="gid://syiq/Photo/11021">Famously the only yacht he’d ever made money from selling, after <a data-gid="gid://syiq/Yacht/3971" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gloria38.4m (125'12&quot;)Jongert Yachts1986">Gloria</a>, Nikolas decided to take a sabbatical from both yacht ownership and shipping, selling his entire fleet of 50 ships in 2008. He became a shareholder of the Greek football team Panathinaikos F.C., in his own words, “the Chelsea of Greece,” but after winning the Super Cup and the Championship “and spending €20 million in the process” he decided it was time to return to &nbsp;shipping, and in turn yacht ownership.Deciding to go for something lighter than <a data-gid="gid://syiq/Yacht/2201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Itoto61.0m (200'2&quot;)Dauphin Yachts1987">Adamas II</a>, Nikolas found the 39.7-metre <a data-gid="gid://syiq/Yacht/4408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arionas39.7m (130'3&quot;)Clelands Shipbuilding Co Ltd1967">Survetta II</a>, described by his daughter Anastasia as “a very special yacht, with a blue hull and yellow funnel, we absolutely loved her, but she was in a very bad state when we bought her.” Previously owned by the Goulandris family, Nikolas renamed her Arionas, after one of the Greek muses, and spent over €4 million on her refit.<img src="https://photo-assets.superyachttimes.com/photo/186798/image/large-39898d07ac2b544ef18b7a3b8171ae53.jpg" data-gid="gid://syiq/Photo/186798"><img src="https://photo-assets.superyachttimes.com/photo/33705/image/large-418bcf056381e09181447a8d73a7aa5f.jpg" data-gid="gid://syiq/Photo/33705">Eventually deciding in 2014 to go for a faster boat, the 38-metre <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> yacht Multiple, later renamed <a data-gid="gid://syiq/Yacht/2134" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Möbius38.0m (124'8&quot;)Cantieri di Pisa1996">Adamas III</a>, he sold <a data-gid="gid://syiq/Yacht/4408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arionas39.7m (130'3&quot;)Clelands Shipbuilding Co Ltd1967">Arionas</a> to the opera singer Cecilia Bartoli. Nikolas explains, “Cecilia was in Mykonos with her husband and saw the boat and asked to come onboard. They loved the yacht and asked to buy her. I told them I was considering a faster yacht, but selling her was a big mistake. She is the only boat I truly regret having sold, she has beautiful classic lines and by the time we had finished the work on her, she was perfect.”<img src="https://photo-assets.superyachttimes.com/photo/255986/image/large-e83d9098d9c5de195f5001938733928e.jpeg" data-gid="gid://syiq/Photo/255986">From <a data-gid="gid://syiq/Yacht/2134" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Möbius38.0m (124'8&quot;)Cantieri di Pisa1996">Adamas III</a>, Nikolas then acquired a second <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> yacht in 2022, the 32-metre My Nat, which became <a data-gid="gid://syiq/Yacht/2140" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tigra32.0m (104'12&quot;)Cantieri di Pisa2004">Adamas IV</a>, a smaller, faster and slightly younger yacht. Despite acquiring two <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> yachts over the course of eight years, the style of vessel wasn’t really for him. In 2017 while cruising <a data-gid="gid://syiq/Yacht/2134" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Möbius38.0m (124'8&quot;)Cantieri di Pisa1996">Adamas III</a> in Corfu, Nikolas saw the 32.72-metre, black-hulled <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a> for the first time. Belonging then to Mr Nathaniel Rothschild and on the market for €4.5 million, Nikolas reached out to the broker to enquire if she could be bought for €2.5 million - the answer was a resounding no.<img src="https://photo-assets.superyachttimes.com/photo/118627/image/large-e4568cc43f0bc9b48a65b553238d11e3.jpg" data-gid="gid://syiq/Photo/118627">A large beam for a <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally</a> at nearly 8 metres and a large central cockpit, <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a> is a high performance carbon yacht that also caters to liveaboard periods and the type of entertaining that Nikolas and his family enjoy aboard their yachts. A year after his first inquiry, Nikolas received a call from Mr Rothschild, who was about to launch the 73.2-metre <a data-gid="gid://syiq/Yacht/1596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Planet Nine73.2m (240'2&quot;)Admiral2018">Planet Nine</a>, and was looking to sell <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a>. A deal was made and eventually Nikolas took ownership of the yacht, which at the time was in bad shape having been mostly unused for over a year. <img src="https://photo-assets.superyachttimes.com/photo/42647/image/large-94351e4d5ae88a2de2e992836f00685e.jpg" data-gid="gid://syiq/Photo/42647">“We brought the boat to Piraeus, did a huge amount of work on her, including painting her hull white replacing the sails and my children and wife fell in love with her. I even tried to sell her once or twice, but my wife threatened to shoot me if I sell the boat – in fact she is a wonderful yacht and we enjoy her a huge amount. Low maintenance, lovely lines that were futuristic at the time, but are now completely contemporary, and very seaworthy, we all enjoy cruising the Greek islands with her.”<img src="https://photo-assets.superyachttimes.com/photo/20360/image/large-6dc60a5d7e95e64bcd393c4c5e4da2d6.jpg" data-gid="gid://syiq/Photo/20360">Nikolas’ most recent acquisition in 2023 is the 65.25-metre <a data-gid="gid://syiq/Yacht/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adamas V65.25m (214'1&quot;)Cantieri Navali Nicolini Srl1987">Adamas V</a>, previously Yaakun, originally built for &nbsp;the Emir of Qatar as&nbsp;Al Menwar. An unusual yacht in regards to her configuration with all guest staterooms on the sundeck and a huge engine room and crew quarters Nikolas explains that part of his reason for this acquisition was that she was, at the time, the only reasonably priced 60 plus metre yacht on the market. She has since undergone a significant refit of over €5 million to bring her up to European standards under the supervision of <a data-gid="gid://syiq/Company/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vafiadis (Company)">Giorgio Vafiadis</a>. “A very solid, large fast displacement yacht able to cruise at 21 knots, <a data-gid="gid://syiq/Yacht/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adamas V65.25m (214'1&quot;)Cantieri Navali Nicolini Srl1987">Adamas V</a> had an unusual appeal to me and I knew after inspection that she had the potential to become a fantastic superyacht.”<img src="https://photo-assets.superyachttimes.com/photo/20361/image/large-88e6ae6154a3cc3b615ae7dc234a4011.jpg" data-gid="gid://syiq/Photo/20361">While Nikolas enjoyed the yacht over the past summer, his eyes are once again set on the horizon and <a data-gid="gid://syiq/Yacht/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adamas V65.25m (214'1&quot;)Cantieri Navali Nicolini Srl1987">Adamas V</a> may be soon placed in the market, freshly refitted and looking better than ever. With <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a> the family favourite, Nikolas would like to build a 30-metre displacement yacht to cruise between the Greek islands and entertain friends, as he said, “Adamas VI will be the boat they bury me in!”&nbsp;Despite this assurance, it's hard to believe that after an extraordinary repertoire of eight superyachts behind him, Nikolas will be one to throw in the towel, so who knows how many Adamas we may see in the future. For now, for anyone that has the chance to race in or witness the Posidonia Regatta 2024 this coming June, keep an eye out for the reigning champion <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a> that is sure to be at the head of the fleet with Nikolas at the helm.<img src="https://photo-assets.superyachttimes.com/photo/66728/image/large-a9ee0e7d0ebfd4c8f4a409ecec84ab92.jpg" data-gid="gid://syiq/Photo/66728">This article is featured in&nbsp;Issue 48 of the SuperYacht Times&nbsp;newspaper.&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">Subscribe now</a>&nbsp;to receive your copy straight to your door and never miss another issue.&nbsp;

In conversation with serial yacht owner Nikolas Pateras.

Francesca Webster sits down with serial yacht owner Nikolas Pateras, to find more about a lifelong love affair with yachts. 



home-featured-bottomleft#0

“When I saw Moongoddess in Monte Carlo I fell in love”—serial yacht owner Nikolas Pateras

Adam Sutton, Sales and Purchase Consultant at <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>, discovered his early passion for sailing during his time in the scouts. His professional journey reflects a diverse background, transitioning from selling industrial equipment in Sheffield to joining a superyacht crew. He ascended from the role of a deckhand to Chief Officer, simultaneously serving as a second engineer along the way. He has sailed on the 38.4-metre <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> schooner <a data-gid="gid://syiq/Yacht/3971" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gloria38.4m (125'12&quot;)Jongert Yachts1986">Gloria</a>, the 32-metre <a data-gid="gid://syiq/Company/113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CMN Yacht Division (Company)">CMN</a> Yacht <a data-gid="gid://syiq/Yacht/3550" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bella Vita32.0m (104'12&quot;)CMN Yacht Division2003">Bella Vita</a>, previously named Necker Belle and the 30.49-metre <a data-gid="gid://syiq/Company/474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Developments (Company)">Yachting Developments</a> sailing catamaran <a data-gid="gid://syiq/Yacht/1627" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quintessential30.49m (100'0&quot;)Yachting Developments2012">Quintessential</a> AKA Q5. Currently, Adam Sutton is representing the first and second hull of the 25-metre <a data-gid="gid://syiq/Company/2259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Victory Design s.r.l. (Company)">Victory Design</a> <a data-gid="gid://syiq/Yacht/12526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bolide 8024.9m (81'8&quot;)Victory Design s.r.l.2023">Bolide 80</a>.&nbsp;<a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> spoke with Adam to delve into his background, discuss how he secured the CA agency for the <a data-gid="gid://syiq/Yacht/12526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bolide 8024.9m (81'8&quot;)Victory Design s.r.l.2023">Bolide 80</a>, and explore current trends in the market.<img src="https://photo-assets.superyachttimes.com/photo/297128/image/large-999efbc6f6f131361d46112289086d61.png" data-gid="gid://syiq/Photo/297128">Is there anyone in particular who has inspired your career in yachting?The person who has been a significant inspiration in my yachting career is captain Simon Johnson. He was one of the first captains to charter a boat into Antigua, navigating the waters even before the existence of docks or other major infrastructure.&nbsp;He is known for his approachability and unwavering commitment to his crew. During ocean crossings, he dedicates time to teach navigation skills and willingly imparts his knowledge to anyone with questions.&nbsp;Simon's also actively contributes to the broader yachting community. An example of his commitment to developing talent is his effort to engage with the RYA chairwoman. This interaction aimed to ensure that new talents are nurtured, fostering the growth of new crew members and, eventually, future captains.How has your background as a crew member and in sales influenced your perspective and approach?<img src="https://photo-assets.superyachttimes.com/photo/297036/image/large-6cdbe264ad0575a0a5ea6057b975bbf1.jpg" data-gid="gid://syiq/Photo/297036">Throughout my career, I've acquired practical knowledge and hands-on experience, gaining insights into the day-to-day operations and the essential elements that make a yacht ideal for an owner. An often overlooked aspect is the pivotal role of the crew in shaping the owner's experience. The contentment of the crew is critical, and one significant factor contributing to their satisfaction is the functional design of the yacht. This encompasses considerations from living accommodations to practical storage solutions, including provisions for flatware, service storage, and the overall design of the galley.The impact of an unhappy crew is well-known – high turnover not only incurs increased costs but also poses a potential detriment to the owner's overall enjoyment of the vessel. Serving as a second engineer has provided me with a robust background in electronics, IT, and engineering.&nbsp;This technical expertise extends beyond the comfort aspects of a yacht; it's about understanding the intricate technicalities. This engineering focus is crucial because it allows me to better interpret an owner's desires. Having been onboard with owners, both as crew and working for them, I recognise the diversity in their preferences; each owner is unique.How did you come to obtain the central agency of the first hull of the 25m&nbsp;<a data-gid="gid://syiq/Company/2259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Victory Design s.r.l. (Company)">Victory Design</a>&nbsp;<a data-gid="gid://syiq/Yacht/12526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bolide 8024.9m (81'8&quot;)Victory Design s.r.l.2023">Bolide 80</a>?<img src="https://photo-assets.superyachttimes.com/photo/275058/image/large-a51a1dbdb3552999fc3a3369cf8d7595.jpg" data-gid="gid://syiq/Photo/275058">We earned our place on their shortlist due to the size of our business and our distinctive approach. During initial discussions, I, along with our marketing director and Toby Maclaurin, our sales director, engaged in a personalised conversation. Our approachability resonated with them. What truly sealed the deal was our commitment to responsiveness. By responsiveness, I don't mean answering emails at late hours; rather, it's about promptly providing candid answers to their inquiries and avoiding commitments that cannot be fulfilled.&nbsp;The emphasis on genuine communication played a crucial role in securing their trust. With considerable interest in the vessel. We've also successfully secured the Central Agency for the subsequent nine hulls.What emerging trends in yacht sales have you seen over the past six months?There is a noticeable trend leaning towards catamarans, and at <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>, we're actively involved in a project with <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> that is currently in the build phase. It's amusing to reflect on my previous experience working on catamarans, like Necker Belle, back when they were not as mainstream. Now, we're witnessing an increasing presence of catamarans in the market. Two significant announcements at this year's <a data-gid="gid://syiq/Event/182" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2023">Monaco Yacht Show</a> further highlight this trend, the 43.5-metre <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a> <a data-gid="gid://syiq/Yacht/10542" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="This Is It43.5m (142'9&quot;)Tecnomar2024">This Is It</a> and the 46.6-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> <a data-gid="gid://syiq/Yacht/11227" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Artexplorer46.6m (152'11&quot;)Perini Navi2024">Artexplorer</a>.<img src="https://photo-assets.superyachttimes.com/photo/297039/image/large-50f3788e7743975b829d52ed60fc3860.jpg" data-gid="gid://syiq/Photo/297039">Catamarans are notably wider than most motor yachts, providing an expansive and stable platform. This enhanced stability is particularly noteworthy in the current market landscape. For example, during Christmas on Necker Belle, we had a Christmas tree up even while sailing because it was that stable. <img src="https://photo-assets.superyachttimes.com/photo/275060/image/large-b5bf543e35b215921218ad1d07389a10.jpg" data-gid="gid://syiq/Photo/275060">I believe speed is still crucial because there are many clients, particularly the younger ones we're discussing. They have less time, likely due to their active work schedules. Being reachable is essential for them, as they aim to maximise their time, wanting to see and do more. What sets the <a data-gid="gid://syiq/Yacht/12526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bolide 8024.9m (81'8&quot;)Victory Design s.r.l.2023">Bolide 80</a> apart is her unique efficiency achieved through speed, allowing her to cover more ground with significantly lower fuel consumption compared to yachts of a similar size.There is a notable shift towards environmentally conscious practices in the superyacht industry. Is this emphasis on sustainability a response to the evident costs associated with conventional approaches? Incidents involving the malicious throwing of hardware paint on superyachts have rendered them vulnerable, compelling owners to be concerned about the security of their vessels even within supposedly secure marinas. Consequently, the urgency to adopt greener alternatives has gained significant traction.Finally, personally, if you could invest in a yacht, what would you choose and why?If I were to invest in a yacht, my preferences would vary for different reasons. Firstly, I'm drawn to classics, such as the 36.58-metre<a data-gid="gid://syiq/Company/192" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons Shipyard (Company)">&nbsp;Camper &amp; Nicholsons</a> sailing yacht, <a data-gid="gid://syiq/Yacht/1276" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shamrock V36.58m (120'0&quot;)Camper & Nicholsons Shipyard1930">Shamrock Five</a>. Additionally, I hold a fondness for old classic motor yachts. The allure lies in my appreciation for the historical significance these vessels carry.&nbsp;Preserving their legacy is not just a personal preference but a commitment to safeguarding their history. These classic yachts are more than vessels; they are veritable works of art. Their timeless beauty and influence on contemporary boat design make them an enduring source of inspiration, with many features we see today rooted in their legacy. mirroring the same sentiment for their historical value and impact on the evolution of boat design. <img src="https://photo-assets.superyachttimes.com/photo/297127/image/large-06c267f5ce10432c2a04f9406ea121e9.jpeg" data-gid="gid://syiq/Photo/297127">Looking towards the future, a hybrid sailing catamaran intrigues me. Its hybrid nature aligns with my commitment to environmental sustainability. Such vessels offer an extended range and a greener footprint, reflecting a more responsible approach to yacht ownership.

Broker Insights: Meet Adam Sutton Sales and Purchase Consultant at Ocean Independence  

SuperYacht Times spoke with Adam to delve into his background, discuss and explore current trends in the market.

business-interviews-hero#0

Broker Insights: Adam Sutton, from sailing to sales

The Newport International Boat Show (NIBS) will kick off tomorrow. The four day event will include a series of seminars and other activities to entertain and inform guests in addition to a multitude of exhibitors and yachts on display.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/156183/image/large-48c6a25a5f6555a00e545f12712da96a.jpeg" data-gid="gid://syiq/Photo/156183">The Show will also be hosting ‘At the Helm’ courses this year, offering hands-on training by professional instructors for boaters of all levels, as well as the ‘Newport for New Products’ awards. The competition will see a panel of marine-industry experts judge best new powerboat and sailboat, best new navigation product, and best new product for boat operation, maintenance, and safety.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/156184/image/large-1e7df004ddc544cc0e15be087e05d6ce.jpg" data-gid="gid://syiq/Photo/156184">The largest superyacht on display will be the 37.18 metre Zeepaard (ex. Axantha) built by the French shipyard JFA Chantier Naval in 2003, as well as the 38.40 metre sailing yacht Gloria, built by the Jongert shipyard in 1986. Both yachts are currently for sale, with Zeepaard asking $9,950,000, and Gloria $5,950,000.The Show will open its doors at 10am, and will be held until the 20th September in Newport Harbor.By Gemma Fottles

Newport International Boat Show kicks off tomorrow

Held from the 29th January to the 1st February, this years annual Antigua Superyacht Challenge was hosted by Admiral’s Inn and Antigua Rigging in association with National Parks Antigua. Celebrating its fifth edition this year, a total of 11 yachts competed in total, with the 55.50 metre superyacht Adela proving victorious.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/152785/image/large-cdd525f67bf80cf9f1ab51bb05c53bd4.jpg" data-gid="gid://syiq/Photo/152785">Amongst the Pendennis built Adela’s competitors was another vessel built by the British shipyard, the 42.42 metre Rebecca, as well as the 38.40 metre twin masted schooner Gloria. Gloria also has connections with the Pendennis shipyard, undertaking several extensive refit projects at their facilities in Falmouth over the years.The eleven vessel fleet took part in three days of pursuit style racing following the International Superyacht Racing Rule, the same rule that is applied to the biennial Pendennis Cup.Pendennis comments on the winning performance of Adela, stating, “We are delighted that Adela not only won her class in the 2015 regatta, but also finished as winner overall. Rebecca and Gloria, who won Class 3, also competed exceptionally well during the weekend.”By Gemma Fottles

Superyacht Adela wins Antigua Superyacht Challenge

The Jongert schooner Gloria was hauled out in July during the Pendennis Cup to commence her three month refit period in Falmouth. As one of the first vessels to visit the Palma refit facility for minor works in 2011, Pendennis was delighted to welcome Gloria to their main facility in the UK. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141222/image/large-237c7ddb052df59fef86b8622f3d4393.jpg" data-gid="gid://syiq/Photo/141222">In a relatively short period some substantial work has been undertaken. Before the yacht was hauled her masts were removed so that major work could commence on Gloria’s rigging with the assistance of Tim Haynes Ltd: her rig was completely stripped of fittings, NDT’d, painted and new standing rigging installed . A complete new teak deck was also fitted which included replacing some areas of teak cladding on the superstructure. All deck hardware has been stripped and serviced with some replacements made, leaving Gloria as good as new from the deck up. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141223/image/large-a1b5ff29aeaf18d51af2f87ba5004199.jpg" data-gid="gid://syiq/Photo/141223">Alongside these exterior upgrades, engineering works were carried out as well as an overhaul of the yacht’s drive train, air conditioning &amp; refrigeration plants service, and fitting keel access hatches for the fuel tank. The final task was a new application of antifoul before the yacht was re-launched early October. Gloria is currently based in Port Pendennis Marina for the final completion of minor work ahead of her journey down to the Mediterranean. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141224/image/large-a85b3f24aa11f53a92e4471db022198f.jpg" data-gid="gid://syiq/Photo/141224">James Box, Captain of Gloria, explained the choice of Pendennis for the refit: “The Owner of Gloria was keen to support British industry and as such booked the refit slot with Pendennis. The end result has shown that the quality of workmanship and level of professionalism have been second to none and proved the yard’s world-class standards in superyacht refit”. Pendennis Plus +44 (0)1326 211344 <a href="mailto:info@pendennis.com?subject=Pendennis%20on%20SuperYachtTimes.com">info@pendennis.com</a> <a href="http://www.pendennis.com/">www.pendennis.com</a>