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Scenes From the Singapore Yacht Show

April 29, 2012 by

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.

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

April 25, 2012 by

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.

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Newport Charter Show Emphasizing Public Access, Promoting YachtAid Global

March 28, 2012 by

The annual Newport Charter Show, set for this summer in New England, has been an industry-only event for the past 29 years. That’s changing, with new ownership embracing a new philosophy. And, as part of that philosophy, the Newport Charter Show will encourage yacht owners and charter guests alike to support the well-known nonprofit organization YachtAid Global.

Being held June 18 to 21 at the Newport Yachting Center in Newport, Rhode Island, the Newport Charter Show will welcome potential charterers, accompanied by brokers, to board and inspect the yachts and megayachts on display. They’ll also be able to meet representatives of other yachting-oriented businesses ranging from retail to educational in nature. This sets the Newport Charter Show apart from its past, when only charter brokers and media were permitted to attend. The addition of other exhibitors also sets the show apart from other charter events stateside and worldwide.

Further differentiating the Newport Charter Show, its organizer, the Newport Harbor Corporation, has named a charitable partner, in the form of YachtAid Global. YachtAid Global’s founder, Capt. Mark Drewelow, will meet with charter-yacht captains the day before the show and speak at the welcome reception the first day of the show. The goal is to educate yacht crews, yacht owners, and others alike about how YachtAid Global delivers much-needed aid to communities in need worldwide with the assistance of yachts.

Over nearly six years, YachtAid Global has worked with 38 yachts and 385 crewmembers to deliver everything from books to medical supplies to nearly 2,000 children in 13 countries, and some yacht crews and yacht owners have even worked to raise funds for the organization itself. (The photo here is from the Slojo YAG Challenge from 2010, in which the motoryacht Slojo raised thousands for YachtAid Global and delivered supplies.) In addition, YachtAid Global is establishing a Founding Members Board, to help it continue growing and raising money.

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