Audi Hamilton Island Race Week Welcoming Megayacht Competitors

Here’s one more reason to make Australia part of your cruising itinerary this year. The Audi Hamilton Island Race Week regatta is not just exciting to watch, but also open to sailing superyachts.

Being held August 17 to 25, the regatta is staged off Hamilton Island in the Whitsundays, near Queensland. Between the popularity of the Whitsundays in general and the race in particular, Audi Hamilton Island Race Week promises a variety of experiences. In fact, the regatta, now in its 29th year, has a social scene as happening as the action on the water, with dinners, fashion shows, and more. It’s happily a far cry from the first race in 1984, which some media outlets nicknamed “Hamilton Island Rain Week” in the “Wetsundays,” due to rain and high winds every day.

This year, there are four classes for racing yachts and four for cruising boats, the latter including megayachts. Termed the Super Yacht class, it handicaps based on the yacht’s known performance. Handicaps are also adjusted following each race. In addition, mostly islands, rather than buoys, serve as course marks. And, there’s never more than one race per day around the courses.

For further information about the Super Yacht class at Audi Hamilton Island Race Week, contact Rob Mundle, the superyacht division coordinator.

Scenes From the Singapore Yacht Show

The annual Singapore Yacht Show wrapped up today, showcasing yachts and megayachts from builders around the world. Held at the ONE°15 Marina, it attracted about a dozen megayachts as well as builders ranging from Westport and Palmer Johnson to Heesen Yachts and the Azimut-Benetti Group. In fact, Feadship’s Helix made her debut in Asian waters, and Westport’s Sea Bear was on hand to promote her availability for charter in the region.

With all of the focus on China as an emerging market, it would be a mistake to overlook the rest of the Asian nations. In fact, even though the number of Asian owners is far behind that of American and European yacht owners, the number of qualified potential buyers is high. The 2011 Merrill Lynch-Capgemini World Wealth Report reveals that there are 3.3 million Asians with high net worth. Compare that to 3.4 million in North America and 3.1 million in Europe. Perhaps that explains why Singapore is intent on establishing itself as a luxury destination, and of course why the show is growing among exhibitors and visitors.

Among the exhibitors was Curvelle, whose chief, Luuk V. van Zanten, supplied us with these images.

YARE, Yachting After Sales and Refit Exhibition, Opens This Week

PHOTO: Roberto Merlo

Some superyacht industry representatives say this is the year of the refit. They base this on the experience after past recessions. Existing yacht owners typically start feeling more comfortable spending on major maintenance and refurbishment. Likewise, buyers of brokerage megayachts budget to personalize their new acquisitions, whether through solely decorative changes or entire overhauls.

These are some of the driving factors behind the second-annual edition of YARE (Yachting After Sales and Refit Exhibition), which runs this Thursday through Sunday in Viareggio, Italy. YARE organizers state that more than 120 exhibitors will be on hand, more than last year. Reflecting the global nature of the refit and repair business, 85 percent of the firms are from outside of Europe.

Since Viareggio is the heart of the megayacht business in Italy, several shipyards are organizing tours of their facilities. These include Perini Navi, Sanlorenzo, and Overmarine Group (parent company of Mangusta). Sanlorenzo is additionally unveiling its Experienced Yachts program, focused on trade-ins. Experienced Yachts will offer RINA certification and a two-year warranty, among other items. Show attendees will be given maps indicating the yards and subcontractors who will be welcoming visitors.

Besides tours, attendees will have networking opportunities and educational seminars at their disposal. The Italian Superyacht Forum, hosted by The Superyacht Report Group and conducted in English, kicks off the first day of the show. That evening, YARE’s organizers are hosting a party at the Pucciniano Theater in nearby Torre del Lago, which the famed composer Giacomo Puccini called home. The rest of the week’s seminars will all be in Italian, focused on the charter business, LED lighting options, painting, advances in local yacht construction, and more.