Yacht Industry News Luxury Yacht & Superyacht News

Isle of Man SuperYacht Forum to attend London Yacht, Jet and Prestige Car Show

February 04, 2015

Written by zuzana

The Isle of Man SuperYacht Forum will be present at the prominent London Yacht, Jet and Prestige Car Show. The event represents a new show in the luxury asset management calendar and will be held at the historic Thames-side exhibition venue Old Billingsgate, as well as the luxury yacht marina St Katharine Docks by Tower Bridge from April 8 to 10, 2015.

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It is billed by the organisers as “Monaco comes to London” as it will be bringing many of the large yacht and jet and luxury goods companies which exhibit at the annual Monaco Yacht Show to London for the first time.

Visitors to this new event will see exhibits from some of the world’s luxury yacht builders and brokers, yacht charter agents, yacht and interior designers, private jet manufacturers, luxury car manufacturers and luxury goods and service companies.

Commenting on the Forum’s participation at the show the Forum’s Chairman Andy Roy said: “The Forum has been in existence for ten years and in that time the membership and our collective activities promoting the many benefits of the Isle of Man has grown remarkably. Last year, for the first time, we shared the Isle of Man’s Ship Registry stand at Monaco and everyone who participated and attended agreed that it was a great success. We were first approached by the organisers of this new show some four months ago and immediately saw its potential as a way of promoting our various activities in the global luxury asset management market, and not just those tailored to superyachts. The exhibitors are of the highest quality and we expect the visitors to be the same and it is worth emphasising that the Isle of Man is the only jurisdiction and Flag Sate that has a presence at the show.

“The show has already attracted considerable media coverage in the financial and specialist media and we expect even greater coverage once it is underway.”

In addition to the SuperYacht Forum other exhibitors include; Lürssen Yachts, Abeking & Rasmussen, Amels, Nobiskrug, CRN, Benetti Yachts, Trinity Yachts, Fincantieri, Blohm + VossSunseekerPrincess YachtsOyster Yachts, Azimut, Sunrise Yachts, Sanlorenzo, Outer Reef, Westport, Vitters, Hodgdon Yachts, Holland Jachtbouw, CNB and the Ferretti Group.

On the brokerage and luxury yacht charter side, several of the world’s largest brokerage companies including Burgess, Camper and Nicholsons, Sunseeker Charters and Fraser Yachts will also be exhibiting.

Located just 5 minutes walk away from the main venue is St. Katharine Docks where an impressive collection of luxury yachts will be on display in the water, together with a Superyacht Tender Show and a small craft show, where some of the finest ‘small but luxurious’ boats can be seen and experienced. In addition St. Katharine Docks provides the Show with a River Thames ‘dock’, where tenders can shuttle VIP guests out to even bigger superyachts moored nearby on the River Thames.

Visitors to the show will enjoy displays from each industry, as well as an array of special events and activities, including a Design, Fine Art, Watch and Gift Gallery; an exclusive VIP lounge; Fashion Shows; Design and Product Showcases and Thames-side Champagne and Cocktail Bars.

The SuperYacht Forum stand is situated at M15 on the Mezzanine Floor of Old Billingsgate Market.

Representatives from the Forum’s membership and senior representatives of the Isle of Man Department of Economic Development and Ship Registry will be on the stand to discuss the Forum’s wide range of activities and services to the superyacht and aircraft industries and the management of luxury assets.

Marine15 to feature interactive session using learning from the airline industry

February 04, 2015

Written by zuzana

An interactive session within the marina stream at the upcoming Marine15 International conference and Trade Exhibition will use learning from the airline industry to highlight the importance of focusing on marina berth yield as opposed to occupancy. The event will take place from May 3 to 5 on the Gold Coast, a beautiful Australia yacht charter destination.

Darren Vaux, Director Marina Bobbin Head

Darren Vaux, Director Marina Bobbin Head

Marine15 Committee Chairman Jeff d’Albora said the marina industry can learn a valuable lesson from the airline industry. “The airlines found out that chasing occupancy without growing yield was a pathway to failure. It is important that marinas understand the difference between occupancy and yield and have strategies and systems in place to grow the yield from their limited boat storage spaces,” he said.

Presenters of this session will be Richard Johnson, Chief Financial Officer at the publicly listed company Ardent Leisure that includes the d’Albora Marina group and Darren Vaux, Director of the Marina Hall of Fame winner Empire Marina Bobbin Head. Darren Vaux said the topic was very important for the marina industry and delegates will be challenged to consider if they are most effectively profiting from their boat storage assets.

The session will be one of 12 dedicated marina topics that will be interspersed with five joint marina/boating business sessions and five plenary sessions. Marina delegates can also choose to attend any of the other 25 sessions from the boating business or marine safety streams.

RJD Partners invests in Burgess Marine Limited

February 04, 2015

Written by zuzana

RJD Partners (“RJD”), the UK private equity investor, has invested in the MBO of family-owned Burgess Marine Limited (“Burgess”), one of the UK’s largest independent marine engineering firms. RJD has committed up to £11m to fund the MBO and provide funds for future national growth.

Launch of 65m motor yacht Shemara by Burgess Marine - Copyright Jake Sugden

Launch of 65m motor yacht Shemara by Burgess Marine - Copyright Jake Sugden

Dover-based Burgess has been run by Nicholas Warren since 2008, since the retirement of his father David. With RJD’s support, Nicholas Warren will take the business forward, supported by other members of the existing Burgess management team. The transaction represents an exit for David Warren.

Burgess provides ship maintenance, repair, new-build construction and refit services from its sites which occupy strategic locations along the South coast of England as well as in Palma, Mallorca. Its customers, which include BAE Systems, Babcock International, Carnival and Serco, represent a wide variety of end markets in the transport, commercial, defence and luxury sectors involving contracts to maintain and repair Royal Navy warships, commercial ferries and super-yachts. The company employs 130 people and has achieved strong growth in recent years with annual turnover in excess of £25m in the year to 31 March 2014.The company plans to enhance and expand its geographic footprint and service offering, both organically and through selective acquisition.

RJD is investing in Burgess via a new vehicle called RJD Burgess Investment LP, backed by funds managed by F&C Private Equity and other LPs. RJD’s existing Fund II closed with final commitments of £180m and was fully invested in 2013 with five realisations to date including IPES (the funds administrations business) for £50m and a 3x return in August 2013, and Character World in December 2014 with a 2.9x return. RJD is actively pursuing other new UK investments.

Alex Hay, Partner, RJD Partners, comments: “We are delighted to have completed the investment in Burgess and we very much look forward to working with Nicholas and his team to further develop Burgess into the national leader in its field. RJD has a successful track record of being the first institutional investor within family businesses and we look forward to leveraging our experience in this area to support the company’s exciting growth prospects”.

Nicholas Warren, Managing Director of Burgess Marine, said: “Burgess has an excellent foundation of strong customer relationships and a reputation and proven track record for innovation and quality. We are determined to build on this over the coming years as the company grows to become the leading independent operator in the UK marine services sector. We are very pleased to have partnered with RJD in carrying out this MBO and look forward to working closely with their team in continuing the success of Burgess.”

The RJD Partners team in this transaction comprised Richard Caston, Alex Hay and Richard Court. Richard Caston and Alex Hay will be joining the board of Burgess.

RJD Partners and Newco were advised by Osborne Clarke (Mark Spinner, legal advice); Mazars (Stephen Miller, Ben Winder, financial due diligence); Fairgrove Partners (Patrick Woodrow, commercial due diligence); Arthur J Gallagher (George Minoprio, insurance due diligence) and Continuum (Steve Wycherley, management assessment).

The vendor was advised by Reeves & Co (John Cowie, corporate finance advice) and Brachers (James Bullock, legal advice).

New image of Benetti superyacht VELOCE 140

February 04, 2015

Written by zuzana

The latest addition to the Benetti Class Fast Displacement range, superyacht Veloce 140’ by Benetti is a beautiful and elegant 42-metre vessel, with exterior styling & concept by Stefano Righini and interior design by Redman Whiteley Dixon. Providing comfort and fun, ranging from the huge sun deck overlooking the sea to the central swimming pool and the upper deck, luxury motor yacht Veloce 140’ offers deluxe accommodation to up to 12 guests in 6 beautifully appointed cabins. Below is a new running image of this beauty, released by Benetti.

Benetti superyacht VELOCE 140

Benetti superyacht VELOCE 140

Navantia launch new restricted ‘Yacht Club’ for crew members

February 04, 2015

Written by zuzana

The Spanish superyacht refit and repair shipyard, Navantia S.A., has announced the launch of its new restricted ‘Yacht Club’ on their website, dedicated to crew members. This exclusive club can be accessed from any computer or smartphone, and is linked to a VIP card and password.

Aerial view of superyacht refit and repair shipyard Navantia S.A.

Aerial view of superyacht refit and repair shipyard Navantia S.A.

When speaking to Yachting Pages, Navantia S.A. commented, “This new service provides exclusive information and services to our clients during their stay at Navantia S.A., Cartagena.

“The service was put in place to complement our bilingual yacht crew assistance service and allows crew staying within our region to access extra information on where to go, places to practice sports, rent a car, find taxi services, hotels, etc…”

Yacht Club offers additional exclusive advantages, such as discounts at certain restaurants and forms part of an initiative to improve the attention provided to crews at Navantia, providing a personalised service.

Founded in 1730, Navantia S.A. specialises in boat repair services for yachts and superyachts of all sizes in Cartagena, Spain. The shipyard boasts a large dry dock of 214m and a large workspace with capacity for 10 yachts simultaneously.

Navantia also revealed that in the first quarter of 2014 its turnover showed over a 25% increase compared to the total turnover in 2013.  The company puts this down to its marketing activity, improvements to crew services and competitive pricing.

Out of the 16 contracts signed throughout 2014, 12 were yachts that had already visited Cartagena in the past.

Dubai International Boat Show 2015 to feature sailing section

February 04, 2015

Written by zuzana

As sailing’s popularity continues to grow in the region, the upcoming 23rd edition of the Dubai International Boat Show, running in the breath-taking Dubai yacht holiday location from March 3 to 7, will feature a dedicated sailing section. This will help newcomers learn more about the activity and for enthusiasts to meet and interact with exhibitors as well as other fans and see the latest and best sailing boats on the market.

Dubai International Boat Show 2015 to feature sailing section

Dubai International Boat Show 2015 to feature sailing section

While sailing has formed part of traditional life in the United Arab Emirates and the wider region, as Gulf states have increasingly developed planned communities around an active, on-water lifestyle, demand and interest in the activity has skyrocketed in the past few years. Abu Dhabi’s recent hosting of a stage in the Volvo Ocean Race drew thousands of visitors.

“We are definitely seeing increased interest in sailing here in Dubai, with our waiting list to join being very long – from young children through to adults,” said James Shuttleworth, Chief Instructor Sailing Department, Dubai Offshore Sailing Club. “The conditions here in Dubai are ideal for sailing, with year-round sunny weather, favourable wind conditions and water being such a big part of Dubai life. For many people in the expat community, they may also have the time and money to try out things that they wouldn’t have been able to do in their own countries.”

The DIBS Sailing section, which will be a part of the Outdoor Display area of the show, is designed as an interactive zone, where enthusiasts – from experienced sailors to first-timers – can see boats, brands, equipment and suppliers from across the globe in a relaxed environment. Visitors will be able to get specialist technical advice from experts and see the latest technologies and products.

New sailing section at the Dubai International Boat Show 2015

New sailing section at the Dubai International Boat Show 2015

First time exhibitor, and participant in DIBS Sailing, Pelican Marine Equipment Trading will be bringing six sailing brands to the show, including boats from Laser Performance, the world’s largest producer of small sailboats.

“Even before we visited the show for the first time in 2014 we had noticed a huge demand in people wanting to get out onto the water and sail. Where only a few years ago it was much more of a niche activity, the Middle East is now a very up and coming market for sailing, and we’re thrilled to be able to bring the best and most popular sailing products to the region’s growing enthusiasts,” said Jayne Gilmour, General Manager, Pelican Marine Equipment Trading.

To enhance the sailing experience, DIBS Sailing will offer members of the public the chance to enjoy the pleasures of sailing, with visitors invited to take the helm, trim the sails or simply sit back and enjoy the ride as they soak up the atmosphere of Dubai Marina with the unique opportunity to participate as crew on a Match Race.

DIBS by night

DIBS by night

The races, which will be held on 6 and 7 March, will feature an experienced skipper on each boat, who will provide a safety and sailing brief for the crew, and are being promoted by DUBOATS, a long-time exhibitor at Dubai International Boat Show.

“We have been participating in the show every year since 2004; it’s important to be there to support the GCC’s maritime industry. By attending we get the opportunity to meet with our clients and other people in the industry,” said Miguel Contreras, General Manager, DUBOATS. “We really feel we are in the market not just to sell sailing and power boats but to promote and push for more sailing in the Gulf.”

“The Dubai International Boat Show has continued to grow year on year because every year we make sure that we are responding to the needs of the industry and helping to drive demand in growth areas,” said Trixie LohMirmand, Senior Vice President of DWTC. “By listening to what our exhibitors and visitors tell us, we keep refreshing the event every time.”

“Here at the club, we have a good mix of experience levels across the board, with complete beginners through to people who have competed at Olympic level,” said Dubai Offshore Sailing Club’s Shuttleworth. “The future looks very good for sailing here in Dubai, with the growth and development of marinas and facilities that we are currently seeing there is only going to be more growth in sailing.”

The 23rd Dubai International Boat Show at Dubai International Marine Club – Mina Seyahi is open to trade visitors and the general public from 3pm – 9.30pm daily from 3-7 March 2015.

Bannenberg & Rowell-designed 70m motor yacht Hull 812 enters dry dock at Feadship Royal van Lent yard

February 04, 2015

Written by zuzana

January 31, 2015 saw the Bannenberg & Rowell-designed 70m motor yacht Hull 812 enter the dry dock at the Feadship Royal van Lent yard on Kaag island, the Netherlands, where she will be outfitted and completed. Luxury mega yacht Hull 812 was spotted in the photo below, while entering the dry dock. The photo was taken by Maurits Freijsen / Tugspotters and shared by Dutchmegayachts.

Bannenberg & Rowell-designed 70m motor yacht Hull 812 enters dry dock at Feadship Royal van Lent yard  - Photo by Maurits Freijsen

Bannenberg & Rowell-designed 70m motor yacht Hull 812 enters dry dock at Feadship Royal van Lent yard - Photo by Maurits Freijsen / Tugspotters

Luxury superyacht Hull 812 by Feadship is expected to be delivered in 2016. More details about this striking vessel are still expected to be released.

Rendering of superyacht Hull 812

Rendering of superyacht Hull 812

Luxury motor yacht Hull 812 by Feadship

Rendering of luxury motor yacht Hull 812 by Feadship

Below is a choice of the superb charter yachts with design by Bannenberg & Rowell.

Oyster Yachts close two new contracts at 2015 Dusseldorf Boat Show

February 04, 2015

Written by zuzana

Last month saw Oyster Yachts proudly introduce two of their British world-class cruising yachts, sailing yacht Oyster 575 as well as the Oyster 825 superyacht Reina, at the Düsseldorf Boat Show 2015. The superbly designed and crafted Reina yacht was the largest sailing yacht on display for the second year running.

Oyster 825 superyacht REINA underway

Oyster 825 superyacht REINA underway

Oyster CEO David Tydeman said: “For the second year running, we were pleased to present a ‘best of both’ approach with the 3rd of our Oyster 825’s built by our Southampton yard, alongside the 26th Oyster 575 built by our Norfolk operation. Both yachts featured new concepts, not previously shown at boat shows, which demonstrate our willingness to work with our clients on customisation. This included the shallow draft, centreboard and twin rudder of the 575 complemented by the extended transom. On the Oyster 825, the new ‘Skyships’ technology to monitor and control on-board systems caught the imagination of many.”

The nine-day event fulfilled the expectations of many exhibitors including Oyster, with the 575 and 825 enticing buyers to join over 1,000 current Oyster owners, as two new contracts were closed during the 2015 show bolstering the order book to a total of 32 yachts.

David Tydeman continued: “We are in a very good position which is enabling us to look at expanding production resources at both facilities in Norfolk and Southampton, reinforced by the two new contracts signed at the show. With 4 yachts currently in commissioning, 14 in build and 14 waiting to start, we now look forward to presenting the range at our annual Private View event in London at St Katharine Docks at the end of April.”

The next show for Oyster will be the Miami International Boat Show 12 – 16 February where the British yacht builder will be presenting the Oyster 575.

Below is a gallery for the lovely charter yachts built by Oyster.

Video: New Hatteras GT70 Yacht

February 04, 2015

Written by zuzana

Motor yacht GT70 represents the newest and largest convertible built by the US shipyard, Hatteras Yachts. Designed for speed, the Hatteras GT70 yacht is an amazing sea boat for fishing or cruising, boasting such technical highlights as the deep propeller pockets, closed-cell foam coring, optional twin MTU 2,600 bhp engines, as well as optional Seakeeper gyro stabilization. Released by Hatteras Yachts, the video below enables to experience the journey on the brand new GT70, expected to be displayed at this year’s Miami Boat Show, starting in the fantastic Florida yacht charter location – Miami on February 12.

Three Dubois superyacht designs among World Superyacht Awards 2015 Finalists

February 04, 2015

Written by zuzana

Luxury motor yacht Como, sailing yacht Mondango 3, as well as superyacht Escapade have been nominated for this year’s World Superyacht Awards. All of these striking vessels have been superbly penned by multi-award winning Dubois Naval Architects.

46m motor yacht COMO by Feadship

46m motor yacht COMO by Feadship

Superyacht Como features in the ‘Semi-displacement or Planing Motor Two Deck Motor Yacht – 38m and above‘ category. Luxury yacht Mondango 3 in ‘Sailing Yachts 45m and above‘, and Escapade yacht in the ‘Sailing Yachts 30m – 44.9m‘ bracket.

COMO

Luxury yacht COMO is a progressive 46,2m semi-displacement vessel, representing the first Dubois-designed superyacht to be built by Feadship. The interior styling by Redman Whiteley Dixon is sympathetic to the exterior theme and is particularly elegant, with dark timbers, polished stainless steel and fine detailing. The interior arrangement features a rotating circular floor in the main saloon, allowing the seascape to be admired from any direction with ease.

Luxury superyacht MONDANGO 3 - Image credit to Chris Lewis

Luxury superyacht MONDANGO 3 - Image credit to Chris Lewis

MONDANGO 3

The striking 56-metre superyacht Mondango 3 represents the 23rd Dubois design to be built by Alloy Yachts, with interior design by Reymond Langton. She features a swing down centreboard, twin sub-deck tender wells, aft deck spa pool and 60-square-metre flybridge. The vessel epitomizes the extraordinarily high standard of sailing superyacht achieved by the excellence in design combined with superb construction in all areas; structural, systems, engineering and interior finish.

Sailing yacht Escapade by Fitzroy and Dubois - Photo by Andrea Francolini

Sailing yacht Escapade by Fitzroy and Dubois - Photo by Andrea Francolini

ESCAPADE

Super yacht Escapade is a beautiful 37,5m fast cruising sloop, built by Fitzroy Yachts in New Zealand, with interiors created by Design Unlimited. She features a raised saloon and a fixed bimini over the cockpit, which has mechanically operated sliding windows. The master cabin and two guest staterooms can be found aft, with a 4th cabin, come day room, galley and crew space forward.

Below is a selection of the luxurious charter yachts with design by Dubois.