Monaco Brief

Monaco Luxury Yacht Charter & Superyacht News

GMC Breakfast Meetings hosted by 65m motor yacht WHITE ROSES of DRACHS at MYS 2014

October 01, 2014

Last week’s Monaco Yacht Show saw the Global Marine Communications (GMC) host breakfast meetings on board the 65m motor yacht White Rose of Drachs. The goal of these meetings was to explain how it is possible to best manage the internet on yachts, as well as give an overview on their addition of more coverage, comprising the Atlantic & USA for internet services and their ViTO service.

GMC Breakfast Meeting

GMC Breakfast Meeting aboard the 65m mega yacht White Roses of Drachs

Many vessels have very high Internet billings without understanding why. GMC has developed a concept that lets owners and captains understand how they can manage their internet service to get a better experience online by prioritizing traffic to certain groups of people or by time and speed as well as data, this way everyone on board can use the internet without someone causing any issues to others.

During the Breakfast meetings GMC explained how their B.O.S.S.™ and the ViTO systems work. B.O.S.S.™ guarantees high priority users internet access capacity allowing them to go about their work without worrying what others are doing. B.O.S.S.™ does this “gently” and without employing the current, rather crude, approach of disconnecting all crew from the network when the owner is on board.

B.O.S.S.™ can even ensure primary users (Owner/Officers) always have priority access for their traffic giving them 100% of the availability if required with no additional management overhead on the ship’s master or system administrator. In addition B.O.S.S.™ ensures only authorised users have access to the ship’s network and bandwidth by providing a secure login “token” to each member of the vessel. It can also select specific schedule for which crew members can have access.

ViTO (Virtual ITOfficer) permits anyone on board to get assistance when a problem arises.

The GMC team offers a 24/7 technical support service that can assist over the phone or by taking control, with permission, and assist in checking what the issues may be.

GMC can provide a contended (shared) and dedicated (1:1) internet (VSAT) service in the Mediterranean and the USA plus the Atlantic.

With GMC on Wednesday were Yachting Pages who pre-launched their online version of the SYOG (Super Yacht Owner’s Guide) with a live presentation of their new website which was then launched the same day at the Monaco Yacht Show. A virtual version of their guide.

On Thursday morning, GMC were joined by Paolo Bianchi from MDL Marinas who presented their new Marina di Stabia near Capri, Facing Vesuvius, this amazing marina can host up to 900 yachts up to 120 meters. The facilities around are top notch and their first 2014 summer was a big success.

Saturday morning, GMC took center stage to once again explaintheir complete solutions in front of media which included The Howorths & Yachting Pages also Conidia and Titan Fleet Management were present.

UIM Executive Committee meeting

September 30, 2014

Friday, September 19, 2014 was marked by the UIM Executive Committee meeting. This was hosted by the amazing and suggestive location of the new Yacht Club of Monaco.

UIM Executive Committee meeting

UIM Executive Committee meeting

Among the several points on the agenda, the UIM Executive Committee received an update on the actions taken by the Special Commissioner Thomas Kurth, following the departure of the former Secretary General.

President Chiulli and the members of the UIM Executive Committee took this opportunity to gather with the UIM Office Team in a pleasant and enjoyable atmosphere and thank them for their dedication and support in the accomplishment of UIM’s objectives.

A special thanking by President Chiulli and the UIM Executive Committee members goes to the team of the Yacht Club Monaco for their warm welcome and hospitality.

Premiere of Puerto Rico as Leading Caribbean Yachting Destination at MYS 2014

September 30, 2014

Last week saw the beautiful Puerto Rico yacht charter location participate in the Monaco Yacht Show 2014. Puerto Rico took its Caribbean flair to the French Riviera to demonstrate why it is an ideal destination for yachtsmen worldwide. The highlights of this breath-taking island include four luxury yacht marinas, yachting maintenance facilities, luxury attractions, as well as its natural beauty.

Puerto Rico Marina

Puerto Rico Marina

“We are promoting our well-recognized yachting industry as an opportunity to put Puerto Rico on the map in a key growth market,” said Alberto Bacó-Bagué, Secretary of Puerto Rico’s Department of Economic Development and Commerce. “Yachting is a critical part of our five-year economic plan to support local growth and we are investing in the industry and other infrastructures to support international yachters.”

While 20 of the world’s largest mega yachts already visit the island each year, Puerto Rico is planning to grow its mega yachting industry from $3.6 million annually to more than $100 million in just five years. In addition to competitive port fees and berthing costs, Puerto Rico is the only region in the Caribbean with capacity to dock alongside and offers convenient and accommodating marinas. Puerto Rico’s unique jurisdiction also means there are no passport requirements for those traveling from the mainland United States.

Puerto Rico - El Morro

Puerto Rico - El Morro - Photo credit to Puerto Rico Tourism Company

Earlier this year, the Encanto Group announced an investment of $200 million to develop a world-class beach and marina community on the island’s east coast. The Yacht Club at Palmas del Mar is a state of the art mega-yacht marina located within a complete resort community just 45 miles from San Juan. The Yacht Club is a short boat ride from the world-class beaches of Vieques (15 miles) and Culebra (25 miles) and when complete, will offer 158 boat slips, including 40 designed for yachts up to 175 feet and a 30,000 square foot business and entertainment facility. The project is also expected to generate about 400 jobs.

Further evidence of high-end luxury attractions, The Yacht Club, Palmas del Mar, includes two 18-hole championship golf courses designed, respectively, by Reese Jones and Gary Player; the largest tennis facility in the Caribbean; an equestrian center with miles of adjacent riding trails, beaches, pools, restaurants, a private school, nearby hospitals, and full-service shopping; among other amenities.

Flamenco Beach Culebra Island Puerto Rico

Flamenco Beach Culebra Island Puerto Rico - Photo credit to Puerto Rico Tourism Company

Puerto Rico Tourism on Rise

Tourism is one of several key sectors that the Government of Puerto Rico has targeted as a growth opportunity to jump-start the island’s economy. The sector has remained strong throughout the recent recession and is on a growth trajectory, aided by new hotels, an increase in cruise ship passengers and increased air access and nonstop airline service from the U.S., Madrid and South America.

“Our investments will offer yachters and tourists a unique experience compared to any other Caribbean island,” said Marimar Lidin, Director of Puerto Rico’s Tourism Company in Spain. “Tourism contributes significantly to our gross national product and yachting is one of the leading niche markets in the industry. Puerto Rico’s unparalleled access to beaches, entertainment, culture, cuisine, nature, and nightlife make the island an ideal place for international tourists and yachters.”

The Yacht Club Marina

The Yacht Club Marina - Photo credit to Encanto Group

Earlier this year, Seaborne Airlines announced more than 2,500 monthly flights to/from Puerto Rico and recently consolidated its operations center on the island, adding 400 jobs. Further, cruise ship passengers arriving at the port of San Juan increased by 28 percent this summer, and the number of cruise ships that docked in the city represents a 41 percent increase. Just last week, Nicholas Prouty, CEO of Putnam Bridge, announced a $100 million construction project, which adds to a growing list of upscale property deals that totals over $1 billion in investment.

“Puerto Rico is an island unique to any other in the Caribbean, and offers the opportunity for visitors to enjoy one of the oldest cities in the Western hemisphere: Old San Juan,” added Lidin. “No other place can compete with the Spanish Virgin Islands, the bioluminescent bay of Vieques, the rare El Yunque rainforest, and of course, Puerto Rican rum.”

Puerto Rico as a Place to Live and Do Business

Puerto Rico’s well-established tourism industry is strong and getting stronger, but it is just one element of the Department’s comprehensive growth strategy. The Department of Economic Development and Commerce is strategically encouraging international investment in knowledge services, insurance, finance, and other industries by leveraging the unique benefits of its jurisdiction and incentives offered under Act 20 and Act 22.

This year alone, more than 400 companies have applied to establish operations in Puerto Rico through Act 20, which offers tax incentives to service-based organizations that offer services for clients off the island. As of July, 200 people have applied for Act 22, which offers tax incentives to individuals who establish residence on the island.

About the Department of Economic Development and Commerce

The Puerto Rico Department of Economic Development and Commerce is responsible for implementing and supervising the execution of Puerto Rico’s public policy on economic development in the sectors of manufacturing, commerce, tourism, and knowledge and financial services. In addition, the agency is responsible for promoting a stable and sustainable private sector that considers the globalization of today’s economy. The Department is committed to the implementation of strategies that foster investment, create jobs, and improve the quality of life on the island.

IMS Shipyard announces date for official opening of IMS 700 site at Monaco Yacht Show 2014

September 30, 2014

Positioned at the center of Toulon Bay in the South of France, the IMS Shipyard is set to become the largest yacht repair shipyard in the Mediterranean. During last week’s Monaco Yacht Show, IMS announced that the IMS 700 site will be officially opened on December 15, 2014.

IMS Shipyard

IMS Shipyard

2,700 square metres of earth removed and reused, over 6,000 tonnes of asphalt already used, 2,000 tonnes of piles for supporting the constructions in the maritime zone (hauling dock, breakwater and yacht pontoon), 4,500 square metres of paint applied, 80 members of staff working full time, i.e. 20,000 hours of work until completion… these figures illustrate the sheer size of this colossal project, a project the entire profession has been awaiting for years and which will house up to one hundred 20 to 80 metre yachts simultaneously all year round.


IMS Shipyard’s yacht restoration, repair and maintenance extension in Saint-Mandrier’s former naval air base (Toulon bay) will make it possible to increase the shipyards capacity fivefold and broaden its service offer, especially for very large yachts (up to 80-90 metres long) thanks to a water depth of up to 10 metres.

With a total 130,000 square metres of surface area, 4 to 5 times more than other existing shipyards, a large private, protected maritime zone and gigantic sheds with a ceiling height of up to 15 metres for long term work and material storage, IMS Shipyard can now offer the best tools on the Mediterranean coast for vessels of up to 80 metres long.

The work schedule for refitting the site has been followed scrupulously:  the site will be ready to receive the first boats very soon and the first reservations have already been completed.

IMS 700 Site - Rendering

IMS 700 Site - Rendering


During the summer, 80 forty-metre tall piles (of the 143 received) were implanted at the bottom of the maritime area at an impressive rate of 2 metres per minute.

The 670 tonne lifting equipment (Travelift) was delivered unassembled at the beginning of July in 17 articulated trucks from Italy. The assembly operation went very smoothly, carried out by a team of 10 IMS colleagues over the whole summer.  The impressive 19 metre-high machine that represents an investment of over 2 million Euros for IMS Shipyard is now operational on the IMS 700 site

In September work began on the second phase of the 37,000 square metre central platform: civil engineering work above the implanted piles and transforming the buildings into workshops, offices, reception and recreational areas for crews.


–              lifting equipment for up to 670 tonnes (including 2 travelifts, cranes, forklifts, platforms and a boat slip for vessels up to 100 tonnes and 20 metres in beam) under full private management offering adapted costs and flexible usage;

–              100 slots including 25 floating berths;

–              water depth of up to 10 metres for large sailing yachts;

–              long term mooring available for long term work in closed, covered boatsheds;

–              a vast paint workshop: a boatshed dedicated to paintwork that can hold three boats of up to fifty metres at the same time;

–              vacuum system of waste water disposal from the boats;

–              a private and secure site 24/24 and 7/7 including the maritime zone

–              individual box storage for sea toys and various equipment all year round

–              a 500 square metre CREW QUARTER designed to simplify daily life for crews (offices, multimedia room, fitness, terrace and BBQ);

–              a conference/meeting room for 100 people.

First ever Monaco Yacht Show Awards

September 30, 2014

The Monaco Yacht Show represents the most prominent yachting event in the world. What higher acclaim is there than to be recognized by the show, the media, as well as the industry as one of the best of the best during the inaugural Monaco Yacht Show Awards.

Monaco Yacht Show Awards Ceremony

Monaco Yacht Show Awards Ceremony

Taking place at the brand-new Monaco Yacht Club the evening before the 24th edition of the show begins, the MYS Award ceremony welcomed the industry to cocktails, canapés and high hopes for such mantles as Best Interior, Best Exterior and Best in Show.

Given the high percentage of brand-new yachts launched in 2014 here at the show, each nomination was selected from the 40 new builds here at the show, and the inventory was nothing short of spectacular.

Among nominees were motor yacht Como, superyacht Entourage, mega yacht Equanimity, super yacht Grace E, Polaris yacht or mega yacht Solandge.

46m motor yacht COMO by Feadship

46m motor yacht COMO by Feadship

The ceremony began with Gaelle Tallarida, show Managing Director, welcoming the industry representatives to the 24th edition of the Monaco Yacht Show, a short speech from the Minister and an honourable award which was given to the new construction project Yersin – built by a resident Monaco owner. Yersin will be used for the scientific and environmental researches led by the A.S.E. project (Adventure – Science – Education).

After this it was time for the Best Interior, which was given to the brand-new Perini Navi motor yacht Grace E. This 73 metre yacht was built from Perini Navi’s Picchiotti range and features close collaboration with Remi Tessier.

73m Vitruvius mega yacht Grace E

73m Vitruvius mega yacht Grace E

The Best Exterior was given to superyacht Solandge, an 85.5m Lurssen motor yacht with subtle lines and an unforgettable profile by Espen Oeino.

However, after these two prestigious awards were given – it was time to learn of the Best in Show. This award for the best overall yacht launched within the last two years at the show went to the brand-new 91.5 metre superyacht Equanimity – built by the revered Oceanco yard.

85m Lurssen mega yacht Solandge - Photo by Klaus Jordan

85m Lurssen mega yacht Solandge - Photo by Klaus Jordan

The ceremony ended with the RINA Green Plus Yacht Award given to the M/Y Entourage, for her construction respectful of the environmental standards set by the Italian classification company RINA.

The 24th edition of the show has shown clear signs of the exhibit’s evolution, and for a shipyard or designer to be given even further recognition by this institution is a clear victory for those involved.

Admiral – The Italian Sea Group attend Monaco Yacht Show 2014 with four superyachts on display

September 30, 2014

With four luxury yachts on display at the recently concluded Monaco Yacht Show 2014, The Italian Sea Group confirms a year of an amazing success. The event was marked by the official debut of Admiral Maxima 47m motor yacht Entourage, Admiral Regale 45m superyacht Flying Dragon, Admiral Impero 37m luxury yacht Nono, as well as Admiral Sail Silent 24m sailing yacht Gigreca.

Admiral Maxima 47 Yacht Entourage at launch

Admiral Maxima 47 Yacht Entourage at launch

This impressive display confirms The Italian Sea Group in the elite of the international boating industry, thanks to stylistic skills, techniques, and  innovation that characterize the group.

Admiral regale 45 Motor Yacht Flying Dragon

Admiral Regale 45 Motor Yacht Flying Dragon running

Several achievements  for The Italian Sea Group during the Show and other important moments worth mentioning:

1 – The M / Y Entourage had the greatest honor to host on board the Prince of Monaco Albert II at the ceremony of delivery of the plate referring to the Green Plus certification issued by RINA (Registro Italiano Navale)

Prince on board

Prince of Monaco Albert II on board Entourage Yacht

2 – The S / Y Gigreca has also been certified Green Plus notation “Platinum” , the highest recognition assignable to a boat “green .”

3 – On board the M / Y Nono the trophy “Best of the Best ” was handed to the Chairman by Robb Report, the international luxury magazine which annually selects the best organized and most innovative companies in technique and style.

Admiral Impero 37 Yacht NONO in the drydock

Admiral Impero 37 Yacht NONO in the drydock

4 – The show on board the M / Y Entourage by Italian artist Giovanni Balderi for the reuseded edition of “Art On Waves” has proved highly success with over 100 exclusive guests .

Great interest was also received for the two new projects officially presented in Monaco as the result of collaboration with international designers: the new Admiral superyacht “X Force 145″, developed with Dobroserdov Design, and the new project “Wave” from 38 to 60m of Admiral Sail, designed in collaboration with Philippe Briand.

The President Giovanni Costantino said he was very pleased with the results: “The success of an international exhibition of this magnitude confirms the strength of our business strategy . We will continue in this direction , with the aim to establish ourselves more and more as authentic interpreters of the Made in Italy design and technique.”

Tankoa Yachts introduces new 80m motor yacht S801 design at MYS 2014

September 29, 2014

Tankoa Yachts has introduced their all-new 80m motor yacht S801 design at the recently concluded Monaco Yacht Show 2014. The beautiful, outstanding and unique mega yacht S 801 represents Tankoa’s tribute to the beauty and the fascination of a timeless masterpiece. The concept takes inspiration from the Amerigo Vespucci, the Italian Navy’s tall ship of 80 meters in length, launched in the 1931.

Tankoa S801 superyacht design

Tankoa S801 superyacht design

The design of the Tankoa S801 yacht combines breathtaking elegance with an exclusive life quality onboard. Her wide body and harmonious balanced decks allows you to enjoy her outside and inside as one. Tankoa S801 invites you to experience a pure laid-back cruise in complete symbiosis with the environment.

Tankoa superyacht S801 concept - Sketches

Tankoa superyacht S801 concept - Sketches

Short Specifications of Tankoa S801 superyacht:

Length Overall 80 mt

Breadth 13,50 mt

GRT 2.500 ton

Classification Lloyds + MCA

General Arrangement: Approved

Short Specification Development Phase

Main System: Development Phase

Hull Engineering: Development Phase

New 70m motor yacht S701 design unveiled by Tankoa Yachts at MYS 2014

September 29, 2014

The new 70-metre motor yacht S701 design was unveiled by Tankoa Yachts at last week’s Monaco Yacht Show. Tankoa S701 superyacht concept has been superbly penned by bespoke Francesco Paszkowki Design. She boasts all the top luxury amenities, thanks to her impressive length.

New Tankoa mega yacht S701

New Tankoa mega yacht S701

The large life areas are extended from inside to outside in order for you to live an experience with no boundaries. Tankoa S701 yacht is the best choice if you wish large environments onboard and the freedom to customize each detail of a true cruising mansion.

New Tankoa yacht S701

New Tankoa yacht S701

Main Features of Tankoa mega yacht S701:

–       Sea Lounge: Oversized beach club with bar and saloon along with two dedicated areas for the sauna and hammam with exclusive sea view and private balconies.

–          Panorama Dining: Dining area and alfresco bar and saloon with wind screen making this area suitable for every kind of season.

Luxury motor yacht S701 by Tankoa Yachts

Luxury motor yacht S701 by Tankoa Yachts

–          Sky Lounge: Touch and Go Eli-pad convertible into an outdoor “ready to party” dance floor. A big seized gym and massage area on this deck with full  windows sea view. A state of the art pool for relaxing and refreshing while getting kissed by the sun.

–          Sun Tan Pampering: A 360° full sun deck open sky space to enjoy the real sea  environment with dedicated sun beds and sofas.

–          Master State Room: Almost 100mq with a 180° panoramic sea view enriching  this luxurious space with a private studio, jacuzzi and terrace with sun beds to maximize wellness on board.

Tankoa S701 Yacht - aft view

Tankoa S701 Yacht - aft view

Main Characteristics of Tankoa super yacht S701

Hull Type: Twin Propeller Motor Yacht

Classification: Dual Class Lloyd’s/RINA (MCA LYC2)

Hull Material: High Tensile Steel

Superstructures: Aluminium Alloy

Project Engineer: Ruggiero S.r.l. (Genoa)

Exterior Design: Francesco Paszkowski Design S.r.l. (Florence)

Interior Design: Owner’s Choice

Accommodations: 1 Owner’s suite + 5 VIP suites

New Tankoa super yacht S701 - From Above

New Tankoa super yacht S701 - From Above

Dimensions of S701 Yacht

Overall Lenght: 69.60 mt (228.34 ft)

Overall Beam: 11.60 mt (38.05 ft)

Draft: 3.30 mt (10.82 ft)

Full Displacement: ~ 1.250 ton

Gross Tonnage: ~ 1.400 GT

Tankoa Motor yacht S701 - Jacuzzi

Tankoa Motor yacht S701 - Jacuzzi

Technical System of luxury yacht S701

Maximum Speed at Half Load: 16.5 knots

Range at 12.5 knots: 5.000 n.m.

Fuel: ~ 160 m³

Fresh Water: ~ 37 m³ (Watermakers 2 x 20.000 lt/day – Idromar MC20)

Propulsion System of S701 superyacht

Main Engines: 2 x CAT 3516B DITA

Maximum Power: 2 x 1.825 kW [2 x 2.480 HP]

Propellers: Fixed Pitch Propeller

Generators: Northern Lights, 2×230 kW + 1×155 kW + Emerg. generator

Bowthruster: VT Naiad, Electric Drive, 200 kW

Stabilizing System: VT Naiad, 4 Fins, At anchor

New Tankoa mega yacht S701 - Exterior spaces

New Tankoa mega yacht S701 - Exterior spaces

Tenders And Sports Equipment aboard S701 Yacht

The design criteria is to house the following tenders and jet-ski:

Main Tender: 7.20 mt

Secondary Tender: 7.20 mt

Crew Tender: 4.20 m + SOLAS Tender

Tenders and sport equipments are Owner’s supply

New Hainan Rendez-Vous 2015 planning unveiled at Monaco Yacht Show 2014

September 29, 2014

The prestigious Monaco Yacht Show represents one of the three biggest European yacht exhibitions. Its 24th annual exhibition was launched at Port Hercules on September 24, 2014. Monaco Yacht Show, with its amazing yacht cast as well as comprehensive maritime equipment, has become an industry expert, a sought-after and yearly festival of yacht fans. According to the field reporter, Hainan Rendez-vous Exhibition Co., Ltd., representing the pioneer of China luxury lifestyle, hosted the global press conference of 2015 Hainan Rendez-vous Luxury Lifestyle Exhibition on the afternoon of September 25.

Monaco Yacht Show 2014

Monaco Yacht Show 2014

Hainan Rendez-vous Exhibition Co., Ltd., the host of HainanRendez-vous, together with the reciprocal club of Visun Royal Yacht Club—Montenegro Yacht Club,, and representatives of 2015 Hainan Rendez-vous Italy Pavilion participated in this press conference. Nearly 60 distinguished business guests were present and communicated with the host pleasantly on the scene.

Reporters found on the scene that themes of “2015 Rendez-vous luxury Lifestyle Exhibition” are “dream, art, and life”. They plan to create the social and cultural feast based on the taste of “dreamers, artists, lifestyles”. Therefore Hainan Rendez-vous can attract more super yacht businesses and international luxury brands to enter because the exhibition is the most convenient way to find potential customers in China. We will invite the international famous art masters to visit and share the artistic creation. And in the luncheon party, the super yacht agents will communicate with each other about the scarce yacht economy and market charm. At the same time, Hainan Rendez-Vous will take more enterprise social responsibilities on respecting marine culture, advocating marine welfare and promoting marine industries.

In addition, during the 2015 Hainan Rendez-vous Noble Lifestyle Exhibition, they will launch a publicity theme campaign “Salute to the Ocean” to advocate the marine concepts of public welfare.

It is said that Italy Pavilion will overall undertake the high-end pavilion of 2015 Hainan Rendez-vous, and undertake the interior design and the investment of it. The Pavilion will show several world-famous Italian brands that represent the Italian excellence in fashion, including furniture, food & wine. Moreover, the Italian Pavilion aims at introducing to the Chinese market the Italian luxury products and, at the same time, promote the discovery of the Italian territory and the value of its unique and inimitable culture.

New Superyacht UK research shows industry value and jobs growth

September 29, 2014

As the UK economy is navigating calmer waters, the British superyacht sector is racing ahead, with 69% of members responding to the Superyacht UK survey rating prospects for the next 12 months as good or excellent. The forecast represents the most positive outlook for UK-based superyacht manufacturing as well as supply for seven years.

46m superyacht Christopher by Pendennis on the Thames

46m superyacht Christopher by Pendennis on the Thames - Copyright onEdition 2014

The value of the UK superyacht industry has grown to £492 million in 2013/14, a 7.1% increase from 2012/13. Research results were launched on September 24, as global visitors travel to watch British companies showcase their best at this year’s Monaco Yacht Show.

Whilst last year’s headlines reported an increase in refit, this year, it is new builds that are driving the improved results with 57% of superyacht revenues from new orders. Overall, 59% of respondents experienced a higher workload over the last 12 months compared to the same period a year ago.

Greater levels of demand are also translating into more jobs. Statistics show that just under 3,700 full time employees have been working in the sector during 2013/14 which has grown 4.1% from previous year. 30% of companies have increased their workforce, creating a net positive balance in employment across the sector of +24% this year compared to 17% in 2012/13.

The British Marine Federation and its association, Superyacht UK, together promote the industry as more and more buyers and companies are looking to the UK as their preferred location for boat builders and suppliers. UK has long since led the way with regards to professional services in the superyacht industry, with its highly competitive and mature legal, insurance and financial services expertise in the sector.  Over the years, we are seeing other areas such as design, engineering and training in the UK gain global recognition.

Mike Carr, Chairman of Superyacht UK and Joint MD of Pendennis Shipyard, said: “We are delighted to see the UK superyacht sector going from strength to strength, as demand for UK builders and suppliers and talent continues to grow. Its success is testament to our long standing heritage in the superyacht sector combined with the breadth of areas which that the UK has continued to excel, from engineering; to legal services; to design.”

Tom Chant, International Development Manager, Superyacht UK, said: “This year, British companies represented at Monaco Yacht Show will continue to gain visitor attraction. When people think of the Monaco Yacht Show they think of the ultimate wealth and luxury, but what the British superyacht industry also brings is a legacy of innovation and excellence across the industry.”

Research Results:

•             Most positive outlook for UK based superyacht manufacturing and supply for 7 years

•             New figures show value of the UK superyacht industry grown by 7.1%

•             Profits have risen for 43% of respondents

•             48% now rate their revenue as higher than the previous year

•             Over 50% reported a higher value order book

•             30% of companies increased their workforce