Monaco Brief

Monaco Luxury Yacht Charter & Superyacht News

Larger stand for Dubois Yachts at the upcoming Monaco Yacht Show

June 18, 2013

The world renowned UK luxury yacht design studio, Dubois Yachts, is delighted to announce that it will have an even greater presence at the Monaco Yacht Show (MYS) this year, with an expanded stand in the Designer’s Gallery, Quai des Etats Unis.

MYS 2013 temp

With a record attendance of 33,000 professional and private visitors at the 2012 edition, the MYS is the long-awaited superyachting meeting of the year for the prestigious brands, allowing them to meet the most important international clientele.

The 2013 edition of the event will be once again hosted by Port Hercules in the Principality of Monaco, running from September 25 to 29.

Shuttleworth designed ADASTRA Yacht – Finalist in four categories at ShowBoats Design Awards 2013

June 14, 2013

Shuttleworth Design is thrilled to announce that the 42,5-metre power trimaran yacht Adastra has been selected as a finalist in four categories at this year’s ShowBoats Design Awards.

Luxury trimaran yacht Adastra designed by Shuttleworth Design

Luxury trimaran yacht Adastra designed by Shuttleworth Design

•    Exterior Design and Styling
•    Naval Architecture
•    Holistic Design
•    Newcomer of the Year

Both John and Orion Shuttleworth are looking forward to joining an international audience of superyacht owners, designers and industry leaders at the prizegiving ceremony, held at the Monaco Opera House on June 21, 2013.

Adastra Yacht - Interior

Adastra Yacht - Interior

The ShowBoats Design Awards honour the industry’s creative talents, bringing the specialist design skills of the industry’s most talented teams into the spotlight. Now in its fourth edition, the coveted Golden Neptune awards have quickly become a symbol of pride and distinction for the industry’s design professionals.

MCM present at re-launch of newly refitted sailing yacht WAVELENGTH (ex BooToo)

June 12, 2013

MCM were present at the re-launch of the newly refitted 27,5-metre charter yacht Wavelength (ex BooToo), whose owner has benefited from MCM, acting as his representative, keeping all involved motivated, with a watchful eye on costs as well as quality. Designed by Ron Holland, sailing yacht Wavelength has been beautifully refitted by Holland Jachtbouw in the Netherlands. MCM were also recently present at the launch of the 32,6m superyacht Inukshuk.

Re-launch of charter yacht Wavelength (ex BooToo) attended by MCM

Re-launch of charter yacht Wavelength (ex BooToo) attended by MCM

“We first got involved when the clients were in discussion about a new-build. After careful evaluation, it was deemed best to purchase an interim yacht, use it for a year or so and then refit it to address any shortcomings” – Peter Wilson, MCM.

The refit of Wavelength yacht included moving the helm from mid cockpit to aft deck to allow a larger cockpit table for guests and converting the master cabin from a twin to a queen and replacing the owner’s office with an extra cabin as well as refurbishment of mast, sails, hydraulics and a new main engine.

Wavelength Yacht after refit at Holland Jachtbouw

Wavelength Yacht after refit at Holland Jachtbouw

MCM, celebrating 25 years since its own launch in 1988, will be exhibiting in the Parvis Piscine at Monaco Yacht Show again this September, where founding partners Nigel Ingram and Peter Wilson will be on hand along with Michael Tywhitt-Drake, Mark Dauplaise and Erika Moore from the Yacht Management Division.

Nigel Ingram and Peter Wilson from MCM

Nigel Ingram and Peter Wilson from MCM

MCM has managed the construction of over 70 yachts in the last 25 years.

MCM present at launch of Baltic sailing yacht INUKSHUK

June 12, 2013

MCM were present at the launch of the 32,6-metre sailing yacht Inukshuk, whose owner has benefited from MCM, acting as his representative, keeping all involved motivated, with a watchful eye on costs as well as quality. Designed by German Frers, superyacht Inukshuk is an all-new carbon composite sloop, built by Baltic Yachts in Finland. MCM were also recently present at the re-launch of the newly refitted 27,5m charter yacht Wavelength (ex BooToo).

Launch of the 32m Baltic superyacht INUKSHUK attended by MCM

Launch of the 32m Baltic superyacht INUKSHUK attended by MCM

“The owner set the bar for the project very high and the extraordinary interior design from Adam Lay Studios presented many challenges to implement. This is not the largest yacht that Baltic has built but in detail and quality of build it is their best so far” – Nigel Ingram, MCM.

An automatically-deployed bimini and mega sound system are examples of comfortable living being a theme in the cockpit.
Luxury yacht Inukshuk is named after a stone landmark used by the Inuit of the Canadian Arctic. She will be at Monaco Yacht Show.

INUKSHUK Yacht on the water

INUKSHUK Yacht on the water

MCM, celebrating 25 years since its own launch in 1988, will be exhibiting in the Parvis Piscine at Monaco Yacht Show again this September, where founding partners Nigel Ingram and Peter Wilson will be on hand along with Michael Tywhitt-Drake, Mark Dauplaise and Erika Moore from the Yacht Management Division.

Nigel Ingram and Peter Wilson from MCM

Nigel Ingram and Peter Wilson from MCM

MCM has managed the construction of over 70 yachts in the last 25 years.

Launch of Baltic 107 sailing yacht INUKSHUK designed by German Frers

May 29, 2013

Last week saw the launch of the German Frers-designed Baltic 107 sailing yacht Inukshuk at the waterfront facilities of Baltic Yachts in Jakobstad, Finland. The 32,6m Inukshuk yacht is a lightweight, high performance sloop, developed to provide fast, efficient as well as comfortable cruising.

Baltic 107 superyacht Inukshuk at launch

Baltic 107 superyacht Inukshuk at launch - Photo credit: Coll’s Design Studio

With a total displacement of 78232kg (light craft), of which 31612kg is ballast, the Baltic 107 superyacht Inukshuk has an impressive power to weight ratio. The telescopic keel enables draft to vary from 3.35m to 4.85m without interfering with the interior layout. The carbon rig is supported by carbon fibre rigging, just one example of the high performance aspirations of this yacht.

Baltic 107 Yacht Inukshuk

Baltic 107 Yacht Inukshuk - Photo credit: Coll’s Design Studio

The interior styling was done by Adam Lay and he has designed a very modern, elegant interior using oak as the primary wood. Baltic 107 yacht Inukshuk’s interior has an owner-forward, crew-aft layout with a generous VIP cabin just forward of the mast. This sits adjacent to an owner’s study which leads to the generous en-suite owner’s cabin in the bow. A spacious raised saloon, two guest cabins and a dedicated children’s cabin complete the guest arrangement. The commercial standard galley, twin-crew cabins and head make up the crew accommodation.

Baltic 107 sailing yacht Inukshuk at launch

Baltic 107 sailing yacht Inukshuk at launch

Light-weight construction techniques and unique surface finishes have seen Baltic Yachts’ joinery department rise to the challenge, and will ensure the Baltic 107 luxury yacht Inukshuk’s interior is like no other in the sailing world.

Testing and sea trials will be performed in Jakobstad during the summer and Baltic 107 yacht Inukshuk will make her world premier at the Monaco Yacht Show later this year in September.

Newly launched Inukshuk Yacht by Baltic Yachts

Newly launched Inukshuk Yacht by Baltic Yachts - Photo credit: Coll’s Design Studio

Main Characteristics of the all-new Baltic 107 superyacht Inukshuk:

L.O.A. 32.64 m
D.W.L. 29.16 m
BEAM 7.43 m
DRAFT 3.35/4.85 m
DISPLACEMENT 78,232 kg light craft
BALLAST 31,612 kg
CONSTRUCTION Carbon composite

NAVAL ARCHITECT Frers Naval Architecture & Engineering
INTERIOR STYLING Adam Lay
PROJECT MANAGEMENT Nigel Ingram, MCM
YACHT MANAGER Mark Von Drashek

NUMBER OF CABINS 1 owner, 4 guest, 2 crew

DELIVERY YEAR 2013

Below is a video from the launch of the Baltic 107 superyacht Inukshuk:

Below is a choice of the magnificent charter yachts built by Baltic Yachts.

First Williams Dieseljet 625 yacht tender for 40m Princess Yacht leaves the factory

May 28, 2013

The world renowned jet tender specialist, Williams Performance Tenders, is thrilled to announce that its first Dieseljet 625 yacht tender has left the factory. The new Dieseljet 625 boat represents the largest in the Williams range and is on route to its parent yacht, a spectacular 40-metre from Princess Yachts.

Williams Dieseljet 625

Williams Dieseljet 625 yacht tender for the 40m Princess Yacht

The Dieseljet 625 is the final tender to be launched from Williams’ four-boat Dieseljet range, and follows the debut of the 445, 505 and 565, which have all received an incredible response from manufacturers and owners.

Building on the worldwide success of both the Turbojet and Dieseljet range to-date, the 625 superyacht tender has been developed to further meet the requirements of leading manufacturers and super yacht builders and is set to be another market-leader for Williams.

Hand-built to the highest specifications, the Dieseljet 625 yacht tender is capable of comfortably carrying 11 people, and is powered by a 220HP Yanmar 6BY3 Diesel or an optional 260HP engine, reaching speeds of up to 36 knots. The Dieseljet tender features an exceptional layout, which has been well received on the smaller models. Customers can select from a high level of customisation options on the 625 including coloured mouldings, coloured inflatable tubes and a carbon fibre dashboard, which can all be viewed on the Build my Tender online application.

Offering a beautifully sleek ride, the deep hull and ample space make for a smooth passage even in choppy water and is set to be another much-loved tender from Williams.

Stepping aboard is safe and secure as the Dieseljet 625 yacht tender has been designed to be supremely stable at rest. To enhance practicality, a host of accessories are also available including single point lift, full weather gear, LED deck lights, Garmin VHF and chartplotter, Fusion music system, freshwater shower, and underwater lights.

Mathew Hornsby, Sales Director at Williams, commented: “The departure of our first 625 from the factory marks a landmark day for us. This is the largest Dieseljet we’ve developed and we are delighted with the tender, which not only looks great but has exceptional on-water capabilities. Some of the finest technology and over nine years of our experience have gone into this product, and we are really looking forward to showcasing it at this year’s Autumn shows.”

The Dieseljet 625 superyacht tender will make its show debut at this year’s Monaco Yacht Show.

Specifications of the Williams Dieseljet 625 yacht tender for the 40m Princess Yacht

Length: 6.25m
Beam: 2.35m
Weight: 1,250kg
Height: 1.32m
Draft 0.35 – 0.5m
Seating: 11 persons
Speed: 36 knots
Fuel : Diesel, 150 litres

Sophisticated and Elegant 45m Motor Yacht PRIDE for charter in the Western Mediterranean

May 21, 2013

The Viudes 45 motor yacht PRIDE is a beautiful new vessel currently available for charter in the Western Mediterranean; offering exceptionally large exterior spaces and elegant, classic interior with accommodation for 12 charter guests. Embark on the vacation of your dreams and discover Mediterranean’s Italy and France aboard the magnificent charter yacht PRIDE for EUR€ 210,000.00 per week plus expenses.

Elegant mega yacht PRIDE

Elegant mega yacht PRIDE

Pride was finished and launched by the well-known Italian yacht builder Mondo Marine in 2013, but her construction was fully executed by Viudes Yachts, who are also responsible for both her naval architecture as well as exterior design.

Superyacht PRIDE -  Upper Deck Dining

Superyacht PRIDE - Upper Deck Dining

Her immaculate and sophisticated classic interior boasts comfortable accommodation in one full-beam master suite with two side balconies, one full-beam VIP cabin, two double cabins and two twin cabins.

Superyacht PRIDE -  Main

Superyacht PRIDE - Main

Luxury yacht PRIDE’s large open-plan salon and dining space on the main deck is a perfect place to unwind or enjoy an elegant dinner prepared according to guests’ preferences. The décor here is classical traditional, with a refined feel of sophistication. Fine deluxe soft furnishings, hand-polished wood panels, intricate detailed wood floors and luxurious window treatments create an exquisitely harmonious atmosphere.

Superyacht PRIDE -  Main Salon

Superyacht PRIDE - Main Salon

Upper deck’s Sky Lounge follows on with the stylish theme, featuring a comfortable L-shaped sofa, coffee tables and a large marble-topped wet bar, ideal for entertainment after sun-set.

Superyacht PRIDE -  Skylounge

Superyacht PRIDE - Skylounge

Guest can also enjoy the fabulous exterior living spaces aboard Pride superyacht, including the main deck aft, offering comfortable shaded outdoor lounge, followed by a centre-lined staircase to the extended teak beach and sauna.

Superyacht PRIDE -  Sundeck

Superyacht PRIDE - Sundeck

Superyacht PRIDE -  Decks From Above

Superyacht PRIDE - Decks From Above

Above, on the upper deck, al-fresco dining can be enjoyed, following a refreshing cocktail in the sky-lounge. There are also comfortable exterior lounge chairs to relax. The upper deck wraps around the yacht 360° leading to two huge sun-pads on the foredeck.

Superyacht PRIDE -  Master Cabin

Superyacht PRIDE - Master Cabin

Superyacht PRIDE -  Master Cabin Office

Superyacht PRIDE - Master Cabin Office

There is a fabulous sun-deck aboard, which includes a massive sun-pad, ample seating and a luxurious glass-topped wet bar.

Superyacht PRIDE -  Master Ensuite

Superyacht PRIDE - Master Ensuite

Superyacht PRIDE -  VIP Cabin

Superyacht PRIDE - VIP Cabin

The extensive selection of water toys and amenities aboard PRIDE include two full diving equipments, Swimming goggles, 8 x Fins, 8 x Diving Masks, 8 x Water Sport Suits, Kids Water Ski, Adult Water Ski, Wake, 2 x Tubes, 1 x Tube Jobe, 2 x Jet Ski wave Runner, 1 x Jet Ski (Three Person), SEABOB, Tender CASTOLDI 21” L, Tender TEMPSET 4,80 – Yamaha 60 HP, Fishing Equipment and various beach toys.

Luxury charter yacht PRIDE

Luxury charter yacht PRIDE

The captain and the crew look forward to welcoming you and your guests on board to make your stay as wonderful as you thought it would be.

Motor Yacht PRIDE

Year:2013   L.O.A.:44.80m (145')  Beam:9.50m (31'17'') 
Max Speed:14 knots  Cruise Speed:12.5 knots  Engines:2xCaterpillar C32 diesels 
Cabins: Charter Guest:12  Crew:

For more information about the yacht, please visit this page: Motor Yacht PRIDE or contact our brokers here: CharterWorld Enquiry

Mediterranean Yacht Charter

Undoubtedly the most popular Mediterranean yacht charter destinations include the French Riviera, Italy as well as the nearby islands of the Western Mediterranean, such as Capri, Sardinia, Sicily and Corsica.

Amalfi Coast

Amalfi Coast

Western Mediterranean is well known for its rich history and culture, French Riviera‘s glamorous port towns, the elite beach clubs, romantic cobbled streets with charming little cafés and exclusive restaurants as well as Italy’s cliff terraces with scented lemon groves and the breath-taking architecture.

Cannes, le Suquet

Cannes, le Suquet - Photo courtesy of CRT Cote d'Azur Photo by Robert PALOMBA

French Riviera’s Cote D’Azure is perhaps known to everyone and is synonymous with glamour, elegance and luxurious lifestyle. Stylish resorts such as Nice, Cannes, St Tropez and more importantly Monaco attract numerous luxury mega yachts, sailing yachts, catamaran and luxury boats each year. Here you will find the crème de la crème strolling the narrow streets filled with luxurious boutiques or sipping on a cocktail at one of the many exclusive restaurants. Find out more about South of France yacht charter here …

Corniglia, Cinque Terre - Italy - Photo Raffaele Tolomeo

Corniglia, Cinque Terre - Italy - Photo Raffaele Tolomeo

One of the most beautiful and also romantic charter vacation destinations in Italy include the Amalfi Coast (Costiera Amalfitana) and the town of Sorrento. Positano belongs to the coasts most glamorous and one of the most photographed. Ravello on the other hand is a lovely little town, located above Amalfi, perched high on a hill, offering spectacular views. Read more about Italy Yacht Charter here …

Monaco - Photo credit CRT Riviera - Photographer Christophe Ichou

Monaco - Photo credit CRT Riviera - Photographer Christophe Ichou

If you are interested in finding out more about the Viudes 45 motor yacht PRIDE or the yacht charter process please do not hesitate to contact us to have your questions answered personally by a charter broker at no cost.

SW102DS HEVEA yacht delivered by Southern Wind Shipyard

May 15, 2013

Southern Wind Shipyard is proud to announce that its 40th yacht, HEVEA superyacht, has now been delivered. The new SW 102 DS HEVEA yacht features naval architecture by Farr Yacht Design with general design, deck and interior design by Nauta Yachts.

Superyacht Hevea

Superyacht Hevea

Luxury yacht Hevea

Luxury yacht Hevea

The new Southern Wind 102 DS Hevea sails under her red gennaker in Cape Town’s waters, showing at a glance her beauty and her strong personality, shaped by her owner, a businessman with a passion for comics. Launched in late February 2013, Hevea is getting ready to leave for her maiden voyage of 7500 nm from South Africa to Genoa (Italy), a unique test for the boat.

Sailing yacht Hevea by Southern Wind Shipyard

Sailing yacht Hevea by Southern Wind Shipyard

SW102DS yacht Hevea

SW102DS yacht Hevea

Less than one year after the launch of sailing yacht Almagores II, luxury yacht Hevea is the unit number 2 of the fortunate model SW 102 DS. Hevea is designed by the same trusted team that has penned many other SW models: Nauta Yacht Design for the general design, deck and interior design and Farr Yacht Design for the naval architecture, sail plan and appendages.

Hevea superyacht

Hevea superyacht

Hevea yacht - SW102DS

Hevea yacht - SW102DS

Southern Wind Shipyard’s leadership in the 100 feet range is clearly shown by the SW 100 DS series , with 13 units built in just six years. The new SW 102’s goal is to be as successful as her predecessor in the same SW semi-custom production range, but with more modern hull lines, a remarkable gain in the volumes and an enchanting new touch of magic.

Hevea yacht with interior by Nauta Yachts

Hevea yacht with interior by Nauta Yachts

Hevea yacht - Stateroom

Hevea yacht - Stateroom

This project benefits of the technical background of the yard’s current flagship, Southern Wind 110’ model, concerning the use of the spaces. Hevea superyacht has wider volumes compared to Southern Wind Shipyard’s masterpiece, the charter yacht SW 100 DS. Those volumes have been generously conveyed into the saloon, the cabins, as well as into the engine room, the sail locker and the lazzarette.

Hevea superyacht - cabin

Hevea superyacht - cabin

Compared to her sister Almagores II, Hevea yacht benefits of a “performance package” that allows her to be almost 2 tons lighter, mostly thanks to the carbon High Modulus mast and the carbon EC6+ rigging, guaranteeing high sailing performance. Moreover, Hevea’s owner chose to customize his yacht, while respecting Southern Wind Shipyard’s “classical roots” with regard to the interior layout: Hevea’s master and VIP cabins are afore, the guest cabin amidships and the crew part astern.

Hevea yacht by Southern Wind and interior by Nauta Yachts

Hevea yacht by Southern Wind and interior by Nauta Yachts

The style of the interior, one of Hevea’s main features, is at the same time essential and modern: the cerusé oak together with the carbon details create a special atmosphere on board, both during the day and the night time. Large volumes and lightness are Hevea yacht’s key qualities and make her absolutely unique in the 100 footers league.

Guest cabin - Superyacht Hevea

Guest cabin - Superyacht Hevea

The ample deck sunbathing area has been customized with two chaise longues, electronically reclining according to the boat’s healing. Moreover the owner, since the boat has been conceived for long voyages also in extremely cold waters, chose to set the lazzarette instead of the garage present onboard of the SW102#01 Almagores II. In fact, Hevea planned to sail also in the North Sea, in Island, in Greenland and in the Southern Ocean, a wonderful way to express her blue water soul at her very best.

Superyacht Hevea with interior by Nauta Yachts

Superyacht Hevea with interior by Nauta Yachts

SW 102 yacht is available also as RS (Raised Saloon) version, which features bright panoramic windows of the coach roof and an airy under-deck open saloon, as well as SL (Streamline) version conceived by Nauta Yacht Design , a kind of seamless “wave” smoothly flowing from the helm stations to the mast.

Southern Wind Shipyard is presently working on the third SW 102, in her Raised Saloon version, whose launch is expected for mid 2014, as well as on the first two SW 82 yacht units, the first of which will be launched in June 2013.

Luxury sailing yacht Hevea - interior

Luxury sailing yacht Hevea - interior

Luxury superyacht Hevea will be officially presented as a world première during the forthcoming Monaco Yacht Show, which will be held in Monaco from the 25th to the 28th September 2013 .

Main dimensions:

LOA: 31,42 m

LWL: 27,72 m

Beam: 6,9 m

Draft: 4 m

Displacement: 62,38 t

Fuel tanks: 4815 l

Water tanks: 2500 l

Sail area: 517 sqm

Engine: Cummins QSB 5.9 MCD 305 hp @2.600 rpm Common Rail

Materials: Composite (Carbon fibre, Kevlar and Epoxy resin) sandwich

DESIGNERS

Naval Architecture: Farr Yacht Design

General design, deck and interior design: Nauta Yacht Design

Systems: Southern Wind Shipyard.

Monaco Yacht Show 2013, September 25 to 28

May 06, 2013

The upcoming 23rd edition of the Monaco Yacht Show will once again host the world’s most spectacular yachts, brought together in one place to attract global superyacht enthusiasts. From September 25th to 28th, more than 100 of the world’s most significant luxury yachts will be showcased in Port Hercules, either available for luxury yacht charter or being exhibited to promote a shipyards’ expertise in new builds.

Monaco Yacht Show 2012

Monaco Yacht Show 2012

Following the success of last year’s event where an impressive fleet, with an average length of 46.7 meters were on display and approximately 40 new builds were unveiled to their world premiere, the 2013 MYS superyacht fleet is also set to attract billionaires from the far reaches of the world. The show organisers have already received a considerable number of applications for the restricted number of berths and strongly advise anyone considering showcasing a yacht this year to apply without further delay for the few remaining spaces that have not yet been allocated. The full list of attending vessels will be released in July.

Last show’s edition broke the event’s attendance record with 33,000 participants – CEO’s and managers of the leading yacht companies, yacht owners, wealthy customers and owners representatives converged to meet up to do some serious business – and next September will undoubtedly be the same.

Gaëlle Tallarida, the show’s Managing Director, says: “we deliver a social and business networking platform for the world’s top clientele interested in the niche superyacht market. The Monaco show remains the place to be whether you’re looking to step onboard this year’s finest superyacht offerings or discover the most innovative and tailor-made products and services that make luxury yachting the ultimate art of life.”

From the infinitely large to the infinitely small

As yachts are increasing in length, size should not be the main criterion when purchasing one. The designing and building of a superyacht should be considered to be similar to creating a work of art, from the hull’s exterior structures to the true works of art crafted within each of the tiniest areas onboard. If one already has his very own bespoke dream yacht envisaged then the event encourages to refine one’s ideas by simply visiting the floating exhibits moored and awaiting his presence along the MYS docks.

Visitors can then enter the show’s Designer Gallery by the MYS boat shuttles and meet the many top yacht designers who will without doubt be able to turn one’s dream into a reality. From a blank canvas their imagination will run wild in front of visitors with the absolute freedom to create the ultimate personal reflection of their tastes. One can then, complete his shopping list inside the exhibition tents where, in an air conditioned ambience he will find a wide range of high technology and crafted products put on display by the world’s best nautical suppliers.

Made for the elite

Since the 2012 event the Organisers have been tirelessly seeking to further upgrade the show’s amenities so as to deliver once more a superbly run and unique event in keeping with the shows opulent clientele. The shows organisers once again promise to deliver a world-class event to a world class audience in partnership with prestigious high quality world class brands.

Successfully launched in 2012, the 650-sqm Upper Deck Lounge will again host VIP clientele who can sit again in comfort to discuss business with the heads of the best companies that the superyacht arena has to offer. Here visitors will find the official restaurant, champagne bar and private areas for business meetings. The area will also host an exhibition of the finest of luxury watches by Ulysse Nardin who will be celebrating their fifth consecutive year as Official Sponsor to the show.

Only Watch, September 28, 2013

Besides its continuing financial support for Association Monégasque contre les Myopathies (AMM), a locally based charity, the Show team will co-organise the 5th edition of the world renowned Only Watch auction that benefits the same charity. Around 40 unique one off watches especially made by the leading luxury watch manufacturers will be auctioned on September 28th at the hotel Hermitage, Monaco.

Isle of Man Ship Registry now takes yachts with ownership structures in Monaco or Switzerland

April 29, 2013

The Isle of Man Ship Registry is now taking yachts with ownerships structures in Monaco or Switzerland as a result of legislative changes approved by its parliament, Tynwald, this week. This represents a strategic move related to superyachts, which was brought about in answer to requests by the yachting industry on the Isle of Man seeing large potential for new business opportunities thanks to these changes.

The latest regulations extends the list of qualified owners already approved, to include citizens, bodies corporate incorporated in Monaco or Switzerland, or limited partnerships with their principal place of business in Monaco or Switzerland, as persons who are qualified to be the owners of Manx ships.

Mr Alex Downie, OBE, MLC, the political member with responsibility for shipping, said “I am delighted to have been able to establish regulations to extend our ownership criteria to include the important financial centres of Monaco and Switzerland. The private sector yacht management companies on the Island see great potential in this latest move and I hope to see more yachts financed in these countries flying the Manx ensign in the future”.

Dick Welsh, director of the Isle of Man Ship Registry said “This a very useful piece of legislation and a great example of the public/private partnership which exists in the Isle of Man. When the list was last changed in 2009, these countries were overlooked in terms of ownership structures but we have since received many enquiries for both ships and yachts with ownership structures which were unable to accept. The private sector worked with us to ensure that business opportunities are not lost and I’m happy that the door is now open for Monaco and Switzerland.”