Aberdeen Asset Management to support the Cowes Week fireworks display

May 16, 2012

Aberdeen Asset Management extends its support to incorporate an important proportion of the necessary funding to safeguard the traditional event of fireworks display. The information has been released just after the news that the financial services company has decided to prolong its sponsorship of the renowned regatta, Cowes Week, until 2015.

Fireworks to light the skies at Aberdeen Asset Management Cowes Week 2012_(c)RickTomlinson

Fireworks to light the skies at Aberdeen Asset Management Cowes Week 2012 (c) RickTomlinson

Commenting on the announcement, Martin Gilbert, CEO of Aberdeen Asset Management, said: “The fireworks display on the final Friday of Cowes Week is one of the regatta’s great traditions. Aberdeen Asset Management, in partnership with a range of financial groups and other organisations  is proud to be playing a key role.”

The other organisations to have come forward with financial support for the fireworks so far include: Cowes Week Limited, Cowes Town Waterfront Trust, City AM newspaper, Artemis Investment Management, JLT Specialty Limited, the Island Sailing Club, the Royal Corinthian Yacht Club, the Royal London Yacht Club, the Royal Yacht Squadron, the Royal Ocean Racing Club, GKN, Red Funnel Ferries, Blue Funnel Ferries, and Solent and Wightline Cruises. Other donations are anticipated following pledges of support.

Stuart Quarrie, CEO of Cowes Week Limited said “We are delighted to be working in partnership with Aberdeen Asset Management and the other organisations involved in creating a solution for the fireworks. We are pleased to confirm that Cowes Week Limited is pledging to match any donations received from members of the public over the coming months”.

The fireworks display will be held on the final Friday of this year’s Aberdeen Asset Management Cowes Week, Friday 17th August.

World Inspired Menus at Nikki Beach Mallorca Opening 15th June

May 16, 2012

Opening on the 15th June, Nikki Beach Mallorca invites you to get ready for relaxed days on over-sized white luxury beds, cool cocktails, world-class DJs and the sexiest parties in town. These are just some of the interesting highlights that have made the global beach club phenomenon Nikki Beach a great success around the world and this summer also in Mallorca.

World Inspired Menus at Nikki Beach Mallorca

World Inspired Menus at Nikki Beach Mallorca

No less central to Nikki’s allure is the outstanding globally inspired cuisine, with a mouth-watering array of freshest dishes. Nikki Beach impress their fashionable clientele with stunningly presented signature dishes – with the jet-set who have already been seduced by the flavour of life at Nikki Beach in such high spots as St. Tropez, St. Barths, Miami, Koh Samui and Marbella.

Nikki Beach Menu Inspiration

Evolution is key in the Nikki Beach kitchens in 2012, as Corporate Chef Mario Larese, currently based in Mallorca explains. Nikki Beach’s talented team of chefs has taken lashings of inspiration from the brand’s exotic locations around the globe. Adding a new exciting twist to the dishes, Mario and his team have created a delectable selection of delicious and healthy dishes based on the freshest organic ingredients.

“ We have a ‘Globe Trotting, New World Inspired Cuisine’ this year, and we are putting the world on a plate for our customers,“ explains the chef. “With Nikki Beach clubs all over the world, and menus taking on American, African, Asian and European influences, we are bringing all the tastes together.

Global Inspired Menus at Nikki Beach Mallorca 2

Global Inspired Menus at Nikki Beach Mallorca

Nikki Beach Signature Dishes

“After a global meeting, all our worldwide chefs brainstormed and we came up with very light and sophisticated dishes. We are continuing with the Nikki Beach spirit of the big Sharing Platters, and soon our signature dishes will be on our menus all over the world,” enthuses Larese. soon the menu will be presented at all Nikki Beach locations around the world – so wherever Nikki followers go, from St. Tropez to Cannes, to Miami, Cabo San Lucas and Koh Samui, they can sample the new chefs’ delights.

Global Inspired Menus at Nikki Beach Mallorca

Global Inspired Menus at Nikki Beach Mallorca

Innovative Cuisine

Adding a new exciting twist to the dishes on offer at Nikki Beach, both the lunch and dinner menus have been revamped, so aside from some enduring Nikki Beach classics, lovers of good food can sample a whole range of new taste sensations with more genius recipes inspired by Nikki Beach’s idyllic locations blending together a world of new flavors and exotic ingredients to magical effect. Lovers of innovative cuisine will find plenty of food for thought at Nikki Beach in 2012.

Lower VAT for the Yacht Leasing Scheme introduced by Cyprus

May 16, 2012

The Cyprus VAT Service has introduced new guidelines on VAT payments applicable under the Yacht Leasing Scheme. As a result, effective VAT rates can be reduced to as low as 3.4% of the initial value of a yacht – less than the equivalent in other favoured jurisdictions, including Malta.

Register A Yacht

Under the Scheme, a Cypriot company can purchase a pleasure yacht and enter into a lease-sale agreement for the yacht with a third-party lessee – an individual or company irrespective of their location. Since this is a service deemed to be supplied in Cyprus, VAT is due on the lease at the normal rates of VAT in Cyprus – currently 17% – but is payable only on that portion of the lease which the yacht spends in EU waters.

To avoid the difficulty of establishing the exact length of stays in EU waters, the VAT Service has issued its own percentage scales based upon “presumed” lengths of stay for different types and lengths of yacht. Motor and sailing boats over 24-metres in length are deemed to spend only 20% of their time in EU waters (compared to 30% under the Malta equivalent scheme) to give an effective VAT rate of 3.4%, while motor boats below 8-metres and sailing boats below 10-metres are deemed to spend 60%, giving an effective VAT rate of 10.2%.

The yacht, which can be registered anywhere within the EU, must arrive in Cyprus within one month of the date of inception of the lease agreement and the initial lease payment must amount to at least 40% of the value of the yacht. Further lease payments are payable on a monthly basis, and the lease period must under no circumstances exceed the period of 48 months (36 months in Malta).

The lessee may purchase the yacht at the end of the lease period, for a final consideration of not less than 5% of the initial value of the yacht. The VAT authorities will then issue a certificate to the lessee confirming full payment of the total VAT liability. The lessor is expected to make a total profit from the leasing agreement of at least 10% on the initial value of the yacht.

Prior approval from the VAT Commissioner is required for every application of the Yacht Leasing Guidelines. Please contact Register A Yacht for further information or assistance.

2013 BVI Spring Regatta & Sailing Festival Dates Revealed

May 16, 2012

The Caribbean Sailing Association (CSA) has revealed the 2013 dates of The BVI Spring Regatta and Sailing Festival earlier this week. Despite being held a week earlier in 2013, taking place from March 25-31, The BVI Spring Regatta, hosted by Nanny Cay Resort and Marina will continue to follow the St. Thomas International Rolex Regatta as it has done for many years.

Fantastic racing in the Sir Francis Drake Channel on the last day of the 41st BVI Spring Regatta & Sailing Festival 2012 Credit: Todd vanSickle/BVI Spring Regatta & Sailing Festival

Fantastic racing in the Sir Francis Drake Channel on the last day of the 41st BVI Spring Regatta & Sailing Festival 2012 Credit: Todd vanSickle/BVI Spring Regatta & Sailing Festival

After 40 years the BVI Spring Regatta is looking at a new chapter for the regatta: “The Caribbean has been discovered for the best sailing and some of the best racing in the world,” said Judy Petz, Director of the BVI Spring Regatta and Sailing Festival. “In order to help promote Caribbean racing, we will be changing our dates in 2013 to March 25-31 to allow campaign boats to race more of the regattas and sailors who come down for race season will also have the opportunity to attend each event.”

The BVI Spring Regatta and Sailing Festival attracted over 700 sailors in 2012 from 13 different countries. It is an international event that is constantly providing innovative racing and spectacular onshore parties.

Preparations for the 2012 Gold Coast International Marine Expo well underway

May 16, 2012

Taking place on November 2, 3 and 4, the preparations for the second 2012 Gold Coast International Marine Expo are in a full swing, as exhibitors start to demonstrate strong interest in this popular event.

The Gold Coast Marine Expo will feature hundreds of exhibits displayed over a 2 5 kilometre display circuit

The Gold Coast Marine Expo will feature hundreds of exhibits displayed over a 25 kilometre display circuit

The Expo is a partnership between Gold Coast City Marina, Riviera and Telwater, who help stage this annual not-for-profit community and family focused event, which will once again take visitors behind the scenes of the marine industry with hundreds of exhibits from the world’s best boating brands displayed over a 2.5 kilometre display circuit.

The brainchild of Queensland’s boating industry leaders, the Gold Coast International Marine Expo is expected to be bigger and better than the inaugural event, which last year brought almost 16,000 people through the gates over the three day event.

Gold Coast International Marine Expo spokesman Stephen Milne said the word ‘international’ had been added to the title this year to reflect the international brands that would be exhibited at the Expo.

Riviera's boat design and construction seminar is expected to draw large crowds

Riviera's boat design and construction seminar is expected to draw large crowds

“It will also demonstrate that it is not just a regional show but also an international show attracting exhibitors and visitors from around Australia and the world,” Mr Milne said.

“Based on feedback from last year, the show layout has been re-designed to optimise the full 36 hectares of waterfront property of Riviera and Gold Coast City Marina, and to accommodate a greater number of exhibitors based on the overwhelmingly strong level of enquiries we have received so far.

“The Expo will continue to be free entry to the public, however we do ask for a $2 donation which will go directly to the Rotary Club of Coomera River, Sailability, Paradise Kids, and the Westpac Rescue Helicopter Service.  Our philosophy of showcasing the joys of the boating life to a wide cross-section of the general public for an admission free Expo will continue.

The inaugural Gold Coast Marine Expo was a huge success with many exhibitors confirming their attendance at this year's event

The inaugural Gold Coast Marine Expo was a huge success with many exhibitors confirming their attendance at this year's event

“In its first year, the Gold Coast International Marine Expo attracted 15, 796 visitors and we believe that this, our second year, could be the third largest boat show in Australia based on attendance level, which is an enormous achievement for such a young and innovative event.

“We believe it is the community spirit of Queensland’s boating industry leaders that has made this event so successful with all profits going directly back to the community.”

Mr Milne said this year’s event will still include the Artists’ Quarter, a further fundraiser for local charities, live boat building demonstrations, factory tours, Kids Club, many new attractions and interactive displays for 2012, international food and beverage stalls, live entertainment and more.

The Kids Club is a great place to relax and unwind

The Kids Club is a great place to relax and unwind

“Even though the Expo is still eight months away, we are beginning to receive strong exhibitor interest and I encourage exhibitors to secure their bookings early to ensure they receive their desired display location and size.

“Given the early demand for increased display sizes from last year’s exhibitors, we have extended considerably our volume of display space.  This is one of the great attributes of our facilities here at Coomera, we can literally double or triple our displays if required.

“We will offer our 2011 founding exhibitors the first right of refusal of their same position and display space as a mark of thanks for their belief and support in our ‘dream’ last year.”

The Saturday night Shipyard Party will entertain revellers with live music and international food stalls

The Saturday night Shipyard Party will entertain revellers with live music and international food stalls

The second annual Gold Coast International Marine Expo will be held on November 2, 3 and 4 and will be open to the public free of charge from 9am to 5pm over the three action-packed days.

Princess Yachts appoints Prometheus Marine as its new dealer

May 16, 2012

Prometheus Marine, Singapore’s leading luxury yacht dealer as well as brokerage company, is proud to announce it has been selected as official dealer for legendary British brand, Princess Yachts.

Motor Yacht Princess 72 - Image courtesy of Princess Yachts International

Motor Yacht Princess 72 - Image courtesy of Princess Yachts International

Princess, based in the historic naval port of Plymouth, has been building power yachts since the 1960s. It is not much of an exaggeration to say that the company invented the motor cruiser market in the UK. Seminal designs that broke new ground, years ahead of the competition, are fondly remembered, and indeed can still be seen every weekend in harbours all over the world.

Based in some of the most advanced marine manufacturing facilities in the world, the Princess name has become synonymous with all that is finest in luxury motor yacht design and as part of the Moët Hennessy Louis Vuitton (LVMH) family, has become a brand of distinction around the world.

The strength of the marque lies in its timeless elegance and impeccable build quality, its thoroughbred handling and confidence-inspiring ride. Princess Yachts are known the world over for their sublime interiors and immaculate finish. Every Princess is a perfect balance of style and substance, combining tradition and innovation, creativity and cutting-edge design.

Prometheus Marine recently displayed no less than four Princess yachts at Boat Asia, including the superb Princess 60 yacht and the stunning motor yacht Princess 72.

Princess Yachts has consistently been at the forefront of the international awards scene in the boating industry. The Princess V52 yacht recently won the 2012 Motor Boat of the Year Award in the Sports Cruisers category.

Will Green, Sales Director with Princess Yachts International Plc, said, “We are delighted to welcome Prometheus Marine aboard as part of the Princess family. My recent sojourn with them in Singapore convinced me that Alan Pickering and his highly experienced team of yacht brokers and after-sales staff are the right people to represent us in this important regional market. We look forward to building the Princess brand in Singapore in conjunction with our new partners here.”

Alan Pickering, Managing Director of Prometheus Marine Pte Ltd, said, “We are truly honoured and very excited indeed to have been awarded this highly prestigious, award-winning UK brand which is ideally suited to the needs and tastes of well-heeled Asian yacht buyers. We made an excellent start exposing the brand at both Boat Asia 2012 and the Singapore Yacht Show in April and will continue to elevate the profile of Princess Yachts in this territory as well as regionally, as our remit allows.”

Alan Pickering started Pro-Marine (ProMetheus Marine Pte Ltd) over two decades ago, after extensive boating experience in Europe, the Caribbean, Hong Kong, Japan and South East Asia. His vision was to develop a professional operation to help people with a desire to enhance their family and corporate lives through sailing or cruising. ProMarine genuinely understands the joys and pitfalls of boat ownership and it is this insight that drove Alan to assemble the experienced and international team that is ProMarine today.

Today, that vision still holds true and ProMarine is one of the longest standing and most respected marine businesses in Asia. ProMarine is active in all aspects of boating in the Asia Pacific region and features prominently in regional boat shows and seminars. Offices in Singapore and Malaysia (in Puteri Harbour) are staffed by mature, highly competent marine professionals who bring local knowledge – both legislative and practical – to bear in their dealings with prospective and existing clients.

ProMarine also has a successful track record as Consultant and Project Manager for several major marina developments throughout Asia, including The Yacht Haven Phuket, Royal Langkawi Yacht Club, Sebana Cove Marina, Puteri Harbour and Sutera Harbour. ProMarine provides full brokerage, charter and support services through an experienced team.

Pendennis Palma refit facility reports continuous global success

May 16, 2012

Pendennis Palma refit facility is currently working on a refit of the motor yacht Tugatsu as well as the charter yacht Nostromo, whose works include periodic engineering maintenance, cosmetic detailing and some Owner requested upgrades.

Charter yacht NOSTROMO

Charter yacht NOSTROMO

The Palma facility already has a number of contracts confirmed for the coming winter period, one of which is the luxury yacht Hemisphere. Pendennis is currently celebrating Hemisphere’s recognition at the World Superyacht Awards where she was presented with a Judges Commendation.

Luxury catamaran yacht HEMISPHERE

Luxury catamaran yacht HEMISPHERE

A team from Pendennis Palma will be attending the Palma Superyacht Cup, with racing from 20th – 23rd June. Pendennis is a long term supporter and sponsor of this annual event. Now in its 16th year, The Superyacht Cup is the longest running superyacht regatta in Europe and the Mediterranean.

Busy refit season for Pendennis

May 16, 2012

The busy refit season continues for the renowned UK based shipyard Pendennis, currently working on short refit projects, including the classic sailing yacht Mariette, the motor yacht Bystander as well as the J-Class yacht Velsheda.

Luxury motor yacht Bystander by JFA Yachts Credit: Stichelbaut/JFA

Luxury motor yacht Bystander by JFA Yachts Credit: Stichelbaut/JFA

The luxury yacht Velsheda is having minor works undertaken, including rudder work, anti-foul and survey works, in preparation for the J-Class Regatta in Falmouth at the end of June.

The Mariette superyacht will be undergoing similar short works, comprising rudder, engineering, topside paint and anti-foul, in preparation for her participation in the highly anticipated Pendennis Cup, which will see fourteen superyachts racing in Falmouth from the 2nd – 7th July.

A 42m superyacht by Feadship, which has been undergoing a major rebuild at Pendennis during the past year, is also due to be launched over the next couple of weeks. More details will follow upon her completion.

36.5m superyacht Canados 120 with interior by Francesco Paszkowski

May 16, 2012

Francesco Paszkowski Design is currently in charge of the interior layout and decor of the first motor yacht Canados 120, belonging to the Canados‘ flybridge range.

Canados 120 Superyacht

Canados 120 Superyacht

The luxury yacht Canados 120′s interior combines a peculiar layout with a refined workmanship of the materials – oak, ebony, stone and titanium – and unusual solutions for dividing the space onboard. Grey is the dominant colour for the decor. The result is a rigorous and understated elegant interior design as just megayachts usually feature.

The interior of the first Canados 120 yacht was designed by Francesco Paszkowski Design. Her owner chose the Italian design studio for the interior layout and the decor.

CANADOS 120 superyacht Saloon in grey wood

CANADOS 120 superyacht Saloon in grey wood

By working on the 36-metre flybridge yacht Canados 120 Francesco Paszkowski Design returns to cooperate again with Canados as he used to do many years ago when designing Canados yachts at the beginning of his career.

The distinctive interior design features a peculiar layout and unusual architectural solutions for dividing space onboard. For the colours the choice  here is just for grey for all materials – oak, ebony, stone, glass. This colour is used in different shades evoking anyhow the tone of titanium, a material also used onboard.

Luxury yacht CANADOS 120 Dining in grey wood

Luxury yacht CANADOS 120 Dining in grey wood

“The result achieved in this yacht is due to the perfect agreement and the close cooperation between our studio, the owner, who chose us for his yacht interior, and the boatyard,” says Francesco Paszkowski. “The owner’s demands could be met, the shipyard accepted our proposals andalways committed hard to look for the solutions the technical aspects of material processing and layout required.”

Being a fully customized interior, the layout of the superyacht Canados 120 shows unique architectural solutions as the area forward of the saloon and the dining room on the main deck. Here the galley, the day-toilet and the access to the wheelstation are enclosed into a well-defined space. It is separated from the living and the dining room located aft on the main deck through coloured-grey glass sliding doors.

Canados 120 superyacht VIP Cabin

Canados 120 superyacht VIP Cabin

When not used by crew, the galley – designed by Boffi – can be hidden by lacquered panels which can be folded on both sides. The grey colour of the panels evoke the tone of titanium as any other material onboard. The two walls surrounding the galley feature a stone coating (processed on honeycomb )with a tridimentional effect. Thanks to the accurate lighting from behind this area seems to float in space.

An entertainment room is positioned forward on the main deck. The sofas are also customised so that this area can be turned into a Vip cabin with ensuite bathroom when needed. The entertainment room and the dining area take advantage of the fold-down terraces of the yacht.

Motor yacht Canados 120 VIP Cabin Aft View

Motor yacht Canados 120 VIP Cabin Aft View

A consistent design is evident everywhere on board Canados motor yacht Canados 120: grey-coloured oak is used for the walls and the floor, stone for the fireplace housing in the master cabins, ebony for the furniture tops and the tables, suède for the bedheads.

The lower deck is dedicated to the owners and guest accomodation with 3 cabins – two master suites and a twin-beds guest cabin. A system of sliding panels in linen can divide the space in the owner’s suites without creating a permanent separation. They can hide the basin bathroom area or separate the bedroom from the studio. The crew quarter is located forward.

Superyacht Canados 120 VIP Cabin Aft View basin

Superyacht Canados 120 VIP Cabin Aft View basin

AWARDS

Francesco Paszkowski Design has been awarded with important international prizes for the yachts he has designed.

Barca dell’Anno 2011

Luxury motor yacht SL 94 – Superyachts category

World Superyacht Awards 2010

Sanlorenzo SD 122  motor yacht FX -  “Best Semi-Displacement or Planing Motor Yacht In 30m to 39m size range”

World Superyacht Awards 2009

Sanlorenzo superyacht Onyx

Two prizes:
- “Best Exterior Design in the motoryacht section”  for Onyx
- “Best Semi-Displacement or Planing Motor Yacht In 30m to 39m size range”

World Yachts Trophies 2008

Sanlorenzo 40 Alloy

Two prizes:
– “Innovation and best design”
– “Best design Trophy”

World Yachts Trophies 2007

Sanlorenzo SD 92 (an example is the luxury charter yacht Lady Victoria) – “Functionality Trophy in the “Flybridge over 24 metres”

Best Designer of the year 2006: Baglietto 34m charter yacht Blue Princess

Best Boat of the Year 2006: Baglietto 34m Blue Princess

71m luxury charter yacht Titania (ex Apoise) refitted by Lurssen

May 16, 2012

The respected German shipyard Lurssen has recently completed the refit of its 71m motor yacht Titania, formerly known as Apoise. Now boasting additional 4 meters to the stern, the 2006 Lurssen luxury charter yacht Titania features sophisticated exterior styling by Espen Oino, while her impressive interior was developed by Zuretti.

Superyacht Titania (ex Apoise) by Lurssen

Superyacht Titania (ex Apoise) by Lurssen

Lurssen has also upgraded the superyacht Titania to include a new beach club and sauna, sun deck gym, as well as health spa. Moreover, she offers a new second master suite installed on the upper deck, so she comfortably sleeps up to 12 guests in 7 beautiful cabins, plus 3 supernumeraries.

71m luxury charter yacht Titania Salon

71m luxury charter yacht Titania Salon

Lurssen superyacht Titania Master Cabin

Lurssen superyacht Titania Master Cabin

Twin Caterpillar 3512B DITA engines deliver the Lurssen luxury charter yacht Titania (ex Apoise) a maximu speed of 16 knots, with a cruising speed of 14 knots. Her beam is of 13.12m (43’94”), with a maximu draught of 3.5m (11’48”). Titania is Lloyds Register as well as MCA classed.

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