Superyacht Investor’s Post

The Future of Refit - What's on the Horizon Over the next 20 years, there's every possibility we will build another 3,000+ Superyachts if the market performance and wealth appetite for yachting stays on it's current trajectory. However, that means we all need to focus our efforts and investments on the capacity and infrastructure in the refit, repair, warranty and after sales sector. It is clear that in the past ten years, millions have been spent by many of the major players upgrading shipyards, sheds and dry-docks to capitalise on this growth curve. Although more work needs to be done on the supply chain and subcontractor stability and capacity, alongside the urgent need to develop the skills, workers and crafts that our future marketplace will desperately need. As we start the final phases on our latest edition of The Superyacht Report - The Refit Edition, I wanted to do a quick outreach and a form of poll to the refit sector, major players, new comers and existing experts to better understand what they have invested in the past decade and plan to invest in the short and medium term, to capitalise on and deliver capacity for this huge market potential. So, whether you're on the West Coast of the USA, down under in the Southern Hemisphere or thinking about new facilities in the Caribbean or the UAE, I'd like to get some raw data and input on your investments, plans and expansions for "The Future of Refit" ! You can either comment below, send me a direct message or e.mail me at martin@thesuperyachtgroup.com, any information, updates, strategic plans or investments that you have made or are planning to make that will expand the capacity of your facility, upgrade your technical services or increase your lifting limit. I've already had confirmation from one major Italian Refit player that they have invested over 80m euros in the last 10 years on infrastructure and lifting capacity. So, if my network can help me build, with my editorial team, a comprehensive look at the recent and future investment being planned in the refit space, we can create pretty valuable picture of the future of the Refit market and how we are getting ready for what promises to be the biggest growth market in our industry today. The Italian Sea Group S.p.A Monaco Marine Lusben Refit & Repair Pendennis Shipyard MB92 Barcelona Amico & Co S.p.A. Lürssen Oceanco Safe Harbor Savannah Yacht Center Safe Harbor Rybovich International Marine Management Gold Coast City Marina & Shipyard (GCCM) Tecnopool S.r.l Cantiere Rossini Astilleros de Mallorca - Refit and Repair Shipyard STP Shipyard Palma Rivergate Marina & Shipyard Adriatic42 Feadship Atlantic Refit Center Marine Group Boat Works Orams Marine HUISFIT by Royal Huisman NAUTECH Group Shipyard Derecktor Shipyards NCA Refit Damen Yachting Also any comments from Managers, Captains or Surveyors on where investment is desperately needed or where you have witnessed excellent upgrade in infrastructure please add to the mix...!

Investigations into the sinking of the superyacht Bayesian reveal design flaws and crew decisions as key concern areas, raising questions about safety regulations in yachting. #superyacht #Bayesian #yachting #maritime #investigation

Interview Spotlight: Lorenzo Pollicardo, Technical & Environmental Director at SYBASS As part of our series of interviews and interactions with key stakeholders during this year’s Monaco Yacht Show, we had the opportunity to host at our stand Mr. Lorenzo Pollicardo, Technical & Environmental Director at SYBASS Representing the world’s leading superyacht shipyards, SYBASS plays a pivotal role in shaping the future of the industry. Mr. Pollicardo shared the association’s vision on two crucial pillars driving the future of yachting: Safety and Sustainability. Safety: Safety continues to be a core focus for SYBASS and its members. Mr. Pollicardo discussed the stringent safety standards being developed to ensure the highest levels of security and resilience in yacht construction. By working closely with regulatory authorities, SYBASS ensures that the industry complies with evolving safety regulations while incorporating cutting-edge technologies that safeguard both yacht owners and crew. Sustainability: SYBASS is at the forefront of promoting eco-friendly innovations within the superyacht industry. Mr. Pollicardo emphasized the association’s commitment to reducing environmental impact by pushing for energy-efficient technologies, adoption of sustainable materials, and promoting best practices in yacht building that align with global environmental objectives. The goal is to ensure that the industry not only meets but exceeds future regulatory standards. SYBASS’ holistic approach highlights that sustainability and safety are not just compliance objectives but key drivers for the future of yachting. Stay tuned for more insights from the leaders shaping the future of the superyacht industry! #Superyachts #isoclima #SYBASS #Sustainability #YachtingInnovation #SafetyFirst #monacoyachtshow

How long does a yacht really last? It’s a question every yacht owner or enthusiast should consider. Our latest article, How Long Does a Yacht Last, dives into the factors that impact a yacht’s lifespan, from maintenance to material quality. At Float Finance, we’re not just about financing your dreams—we’re here to provide the knowledge you need to care for your investment and enjoy it for years to come. Discover practical tips and insights into maximizing the longevity of your yacht here: [How Long Does a Yacht Last](https://bit.ly/4ishSQw) Your yacht journey is more than a purchase—it’s a lasting lifestyle. Let’s make it a great one. #yacht #yachting #yachtlife #yachtloans #yachtfinancing #yachtparts #yachtmaintenance #maintenance #lifespan #boating

A fantastic article by Superyacht Investor Lee Stevenson at Occam Marine raises some great points within the new build phase, in particular; “𝘛𝘩𝘦 𝘮𝘢𝘪𝘯 𝘥𝘳𝘪𝘷𝘦𝘳 𝘧𝘰𝘳 𝘶𝘴 𝘸𝘢𝘴 𝘵𝘩𝘢𝘵 𝘸𝘦 𝘧𝘦𝘭𝘵 𝘭𝘪𝘬𝘦 𝘸𝘦 𝘸𝘦𝘳𝘦 𝘣𝘦𝘪𝘯𝘨 𝘦𝘯𝘤𝘶𝘮𝘣𝘦𝘳𝘦𝘥 𝘢𝘴 𝘤𝘢𝘱𝘵𝘢𝘪𝘯𝘴 𝘣𝘺 𝘺𝘢𝘤𝘩𝘵𝘴 𝘵𝘩𝘢𝘵 𝘴𝘶𝘱𝘱𝘰𝘴𝘦𝘥𝘭𝘺 𝘩𝘢𝘥 𝘷𝘦𝘳𝘺 𝘤𝘰𝘮𝘱𝘦𝘵𝘦𝘯𝘵 𝘴𝘶𝘱𝘦𝘳𝘷𝘪𝘴𝘰𝘳𝘺 𝘰𝘷𝘦𝘳𝘴𝘪𝘨𝘩𝘵 𝘥𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘦 𝘣𝘶𝘪𝘭𝘥 𝘣𝘶𝘵 𝘵𝘩𝘦 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘥𝘦𝘴𝘪𝘨𝘯 𝘢𝘯𝘥 𝘭𝘢𝘺𝘰𝘶𝘵𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘺𝘢𝘤𝘩𝘵 𝘸𝘦𝘳𝘦 𝘭𝘦𝘧𝘵 𝘸𝘢𝘯𝘵𝘪𝘯𝘨 𝘴𝘰𝘮𝘦𝘸𝘩𝘢𝘵, 𝘢𝘯𝘥 𝘪𝘵 𝘸𝘢𝘴 𝘰𝘶𝘳 𝘫𝘰𝘣 𝘢𝘴 𝘤𝘢𝘱𝘵𝘢𝘪𝘯 𝘢𝘯𝘥 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘳𝘦𝘸 𝘧𝘳𝘰𝘮 𝘥𝘢𝘺 𝘰𝘯𝘦, 𝘧𝘳𝘰𝘮 𝘩𝘢𝘯𝘥𝘰𝘷𝘦𝘳, 𝘵𝘰 𝘮𝘢𝘬𝘦 𝘵𝘩𝘦𝘴𝘦 𝘺𝘢𝘤𝘩𝘵𝘴 𝘸𝘰𝘳𝘬 𝘪𝘯 𝘧𝘳𝘰𝘯𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘰𝘸𝘯𝘦𝘳." These state-of-the-art, luxurious, and design-focused yachts are meticulously crafted to fulfill the dreams of their owners, and rightfully so. However, as Lee points out, it is the captain and operational crew who are tasked with ensuring that everything runs smoothly and effectively! My experience as a Bosun has underscored the fact that even on the most sizable yachts, design and operational layout imperfections persist. Yet, it is our ingenuity, expertise, and hands-on experience that enable us to overcome these challenges and customize the yacht to suit both the crew and owners. Furthermore, one might argue that naval architects and designers could benefit greatly from consulting with the crew who operate the yacht tirelessly, gaining invaluable insights into the operational functionality and efficiency that we all strive for in a vessel. Another insightful article akin to this one is penned by Malcolm Jacotine, titled "Safety Through Design," which you can find in my posts section. In it, he also highlights several key points, including: "𝘞𝘦 𝘢𝘳𝘦 𝘧𝘰𝘳𝘵𝘶𝘯𝘢𝘵𝘦 𝘵𝘰 𝘣𝘦 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘥 𝘪𝘯 𝘢𝘯 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘸𝘩𝘦𝘳𝘦 𝘴𝘶𝘱𝘦𝘳𝘺𝘢𝘤𝘩𝘵 𝘰𝘸𝘯𝘦𝘳𝘴 𝘢𝘯𝘥 𝘵𝘩𝘦𝘪𝘳 𝘥𝘦𝘴𝘪𝘨𝘯𝘦𝘳𝘴 𝘢𝘳𝘦 𝘧𝘳𝘦𝘦 𝘵𝘰 𝘦𝘹𝘱𝘳𝘦𝘴𝘴 𝘵𝘩𝘦𝘮𝘴𝘦𝘭𝘷𝘦𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘮𝘰𝘴𝘵 𝘦𝘹𝘵𝘳𝘢𝘰𝘳𝘥𝘪𝘯𝘢𝘳𝘺 𝘸𝘢𝘺𝘴, 𝘣𝘺 𝘣𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘤𝘶𝘵𝘵𝘪𝘯𝘨 𝘦𝘥𝘨𝘦, 𝘪𝘤𝘰𝘯𝘪𝘤, 𝘰𝘤𝘦𝘢𝘯 𝘨𝘰𝘪𝘯𝘨 𝘮𝘢𝘴𝘵𝘦𝘳𝘱𝘪𝘦𝘤𝘦𝘴, 𝘵𝘩𝘦 𝘤𝘰𝘮𝘱𝘭𝘦𝘹𝘪𝘵𝘺 𝘢𝘯𝘥 𝘥𝘦𝘵𝘢𝘪𝘭 𝘰𝘧 𝘸𝘩𝘪𝘤𝘩 𝘪𝘴 𝘣𝘳𝘦𝘢𝘵𝘩𝘵𝘢𝘬𝘪𝘯𝘨.  𝘏𝘰𝘸𝘦𝘷𝘦𝘳, 𝘰𝘯𝘦 𝘸𝘰𝘯𝘥𝘦𝘳𝘴 𝘪𝘧 𝘴𝘶𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘵 𝘢𝘵𝘵𝘦𝘯𝘵𝘪𝘰𝘯 𝘪𝘴 𝘨𝘪𝘷𝘦𝘯 𝘵𝘰 𝘵𝘩𝘦 𝘩𝘶𝘮𝘢𝘯 𝘦𝘭𝘦𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘰𝘤𝘤𝘶𝘱𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘴𝘢𝘧𝘦𝘵𝘺 𝘢𝘯𝘥 𝘩𝘦𝘢𝘭𝘵𝘩 (𝘖𝘚𝘏) 𝘪𝘯 𝘵𝘩𝘦 𝘥𝘦𝘴𝘪𝘨𝘯 𝘱𝘳𝘰𝘤𝘦𝘴𝘴?" What innovative solutions have you implemented to overcome design challenges on yachts? What advice would you give to naval architects and designers to improve operational efficiency for yachts? #yachtdesign #yachting #yachtingindustry #maritimeindustry #superyacht

Registrations in the less than small commercial yachts segment have seen a sharp increase in the last years. In acknowledging the importance of this segment and in order to further spur this segment’s growth, the Merchant Shipping Directorate has developed a tailormade Code dedicated to Small Commercial #Yachts. The Small Commercial Yacht Code (sCYC) has been developed in consultation with various industry stake holders, including yacht builders, yacht owners, yacht repair yards, specialised service providers, manufacturers, Recognised Organisations, Appointed Government Surveyors, yacht management companies and associations as a wider representation of the industry. ⛵ Check out the following link for more details: https://lnkd.in/eP2Vcu6t #maltaflag #yachting #maritime #commercialyacht #yachtcharter #yachtbuilders #yachtowners #yachtrepairyards

Exciting developments are underway in the German superyacht market! The recent 2024 German Superyacht Market Report by BOATPro offers an in-depth analysis of the industry's current state, highlighting Germany's strong foothold in building large and complex vessels. This comprehensive 34-page document dives into the order book for German builders, explores socioeconomic challenges, and identifies emerging trends shaping yacht construction. It also features exclusive insights from prominent business leaders and experts, shedding light on the future of the nation's yacht building sector. For professionals in the maritime and luxury goods industries, this report is a must-read to navigate the evolving landscape of the German superyacht market. BOATPro Premium subscribers can access it for free, while others can purchase their copy. Click the link below to learn more and access the full report! #Superyachts #YachtingIndustry #Germany #LuxuryYachts #Maritime #BoatPro #Shipbuilding #MarketReport #LuxuryLifestyle #FutureOfYachting

Many yacht owners have stopped and stared through this window... Recently from the boardroom at the Sanlorenzo Yacht shipyard in La Spezia overlooking the shipyard, I imagined the thoughts racing through the mind of a project owner just before signing a contract agreement. This moment is a defining one filled with anticipation, ambition, and no small amount of trepidation. During a conversation recently, it was stated : "A yacht is an alternative, operating, depreciating and emotional asset" How true is that statement...  It’s not purchased with the expectation of financial gain but rather for the lifestyle, experience, and status it provides. It is a symbol of success, freedom, and personal identity. The emotional connection often outweighs the financial and operational considerations, making the investment deeply personal and gratifying. During the development phase, pre contract signing the combination of countless decisions and deliberations, where the weight of every choice is felt. This isn't just a construction contract, it's the start of a journey that will take years to complete, with every detail scrutinised and perfected, but most importantly, the process should be fun and enjoyable! At ULTIMAR, we understand that the path to a successful superyacht project begins long before the ink dries on the contract. We stand by the owner from the very start, providing clarity, expertise, and reassurance, and maintain the enjoyment factor throughout. Our role is to support, guide, advocate and ensure that every element of the project is meticulously planned, potential risks are identified, and that the owner's vision is translated into reality with precision and care. Whether it’s navigating complex technical specifications, managing budgets, or aligning the project with long-term goals, ULTIMAR is here to protect the owner’s interests and ensure that when they do sign, they do so with confidence and clarity. Because in the world of superyacht construction, it’s not just about starting right, it’s about knowing that every step forward is backed by insight, experience, and dedicated support. Sanlorenzo Yacht Superyacht Builders Association (SYBAss) MYBA The Worldwide Yachting Association #Superyacht #ProjectManagement #YachtOwnerRepresentation #Shipyard #SanLorenzo #ULTIMAR #ContractSigning #YachtConstruction #LuxuryYachts #ConfidenceInConstruction #MarineExpertise Conversation Quote- Gerben Visser , Aquator Marine

Whether you are just starting your nautical journey or are a seasoned sailor, we believe it is always beneficial to brush up on essential boating knowledge. Today, we steer the conversation to an often overlooked, but vital component of boating safety and functionality - boat cleats.   Why Are Boat Cleats Necessary?   Boat cleats serve as the anchoring point on your boat or dock, allowing you to secure lines for a variety of purposes including mooring, anchoring, or towing. Having the right cleat installed not only ensures the safety of your vessel but also prolongs the lifespan of your marine equipment.   How to install boat cleats?   A well-installed cleat can be the difference between a secured boat and a drifting vessel. Here are some steps to install cleats like a pro:   1. Select an Appropriate Location: Choose a spot that allows easy access while avoiding potential tripping hazards. 2. Mark the Holes: Once you have identified the right spot, mark the holes using a marker. 3. Drilling the Holes: Use a drill to make holes at the marked points, ensuring they are slightly larger than the bolts to be used. 4. Fixing the Cleat: Position the cleat over the holes and secure it using appropriate bolts, adding a washer and nut underneath. 5. Sealing the Deal: Apply a marine sealant around the bolts to prevent water from seeping in, thereby avoiding potential corrosion.     Using a cleat effectively is an art that mariners should master to ensure safety and efficiency. Here’s how you can do it:   1. Making a Cleat Hitch: Learn to tie a cleat hitch correctly. Start by making a loop around the base, followed by a figure-eight pattern around the horns, securing it with a hitch on the final turn. 2. Proper Line Handling: Ensure that the lines are not frayed or damaged, as this could compromise the safety of your boat. 3. Regular Inspection: Periodically inspect the cleats for signs of wear and tear, and replace them as necessary to maintain optimal functionality. #boatcleats #boataccessories #marinehardware #yachtaccessories #yacht #boat #yachtcleats

Have you ever wondered what are challenges that occur when working on a superyacht refit project with multiple owners ? Do you know how to manage risks specific to such ownership model ? How to make sure your project will be a success story ? 🤔 If any of those questions popped up during your work on refit projects, I am here to provide you with answers ! I tackle those subjects, and more, in my recent blog post which you can find here 👉 https://loom.ly/QmHUNtQ Don't forget to check out the blog section on my website to learn more about yachting industry. Visit ww.silviairaghi.com and choose Blog tab in the main page menu, or follow this link 👉 https://loom.ly/GzIWZL4 Have a great read! Let me know whether you have already worked for superyacht refit projects with multiple owners and what are your thoughts on that. #superyachtrefit #projectmanagement #superyachts #yachtingindustry