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For decades, yachting businesses and owners have fielded criticisms. Some center on conspicuous consumption that irreparably impacts the environment. A popular—unfortunately so—term motoryacht builders and owners likely know, for example, is “stinkpot.” Several industry representatives believe it’s time the industry took matters into its own hands. They’ve launched Water Revolution Foundation. While it’s an initiativeContinue Reading
Divergent Yachting is a new yacht-management company, with a twist. Sure, it can handle the same needs as other yacht managers, from owner representation to safety and security compliance and to financial services. Derek Munro (above), the founder and director, was the owner’s rep for Black Pearl (below), the 350-foot (106.7-meter) sailing superyacht. He hasContinue Reading
Editor’s note: Due to reader requests, and a special effort to educate newcomers to yachting, MegayachtNews.com publishes “superyacht 101” stories from time to time. This latest article explains what a superyacht management company does, and why you should have one. The advice comes from the team at SuperYachtsMonaco. Choosing a superyacht management company can beContinue Reading
Tom Allen, who joined Fraser Yachts nearly four decades ago, died of a stroke on June 17. His age is unknown. In his bio for Fraser, Allen credits being one of 11 children with spurring “an early desire to get out of the house and be adventurous.” Like many professionals in the yachting industry, heContinue Reading
American yacht owners and their advisors will be most interested in hearing the latest American Superyacht News Roundup by our editor, Diane M. Byrne, on Superyacht Radio. The interview, which just aired this week, provides insight into a significant situation that seems to be on the precipice of change: U.S. flagging regulations. As you’ll hearContinue Reading
Peter Munk, the Canadian entrepreneur and business magnate who established Porto Montenegro, died on March 28. He was 90 years old. Born in 1927 in Hungary, Munk and 13 family members fled to Canada in 1944, when Nazi Germany invaded. There, he graduated with a degree in electrical engineering. Munk soon embarked on what wouldContinue Reading