From new construction to charter and brokerage sales, last year was the strongest ever for many megayacht businesses. It was a year of firsts for an equally high number of buyers and charterers, too. Marine Money magazine is examining both the business intelligence and the continuing consumer interests at its Palm Beach Superyacht Finance Forum later this month. In fact, some of the same factors driving demand present both challenges and opportunities, for all parties.
Set for March 22 at the Palm Beach Marriott, the Palm Beach Superyacht Finance Forum is a first stateside. Previously, Marine Money has held a similar event in Monaco, to coincide with that annual yacht show each September. Notably, the Palm Beach show steadily is becoming the strongest superyacht show stateside. Additionally, Marine Money is cooperating with the U.S. Superyacht Association’s annual Superyacht Summit, on the same date. (On a related note, our editor, Diane M. Byrne, is moderating the Superyacht Summit panel discussion.)
The Palm Beach Superyacht Finance Forum is covering a broad spectrum of subjects. They range from yacht values to insurance and even sustainability. For instance, yacht financiers will shed light on transaction volumes and deal sizes. Simultaneously, they’ll reveal how crucial it is that they, and the industry, set expectations realistically for customers, due to increased demand and buyers keen to close quickly. Furthermore, they’ll discuss the role that crypto is playing, as well as the role of inflation.
Owners wishing to offer their yachts for charter in Europe this summer season should note a presentation is covering these wide-ranging factors. Different regulations apply for non-EU-owned yachts, for example, as they do regarding VAT rates and reductions. Customs regulations pertaining to U.S.-built yachts have changed, too.
Finally, for sustainability, a presentation will cover how customers increasingly are demanding the brands with which they do business support it. Simultaneously, they’re punishing those that don’t.
Registration for the Superyacht Finance Forum, and Superyacht Summit, are both open.
Marine Money marinemoney.com