Vassallo Associates’ Post

The allure of owning or managing a #superyacht is undeniable, however, beneath the surface are multiple operational challenges. From #crewmanagement and #flagregistration to #vesselownership structuring, the world of superyachts demands meticulous consideration and professional guidance throughout. ⛵🛥️🚢 💡 In our latest interview with Superyachts.com, our #marineservices experts discuss the most common obstacles faced in the industry and how collaborating with an experienced partner can offer peace of mind. 💡 Read more 👉 https://shorturl.at/qRZ69 #TeamTridentTrust #crewhiring #crewwalfare

In an interview with Superyachts.com, we discuss the most common obstacles faced in the industry and how collaborating with an experienced partner can offer peace of mind. Read more 👉 https://shorturl.at/qRZ69 #TeamTridentTrust #crewhiring #crewwalfare

Absolutely loved writing this article with the research Ahoy! Crew Agency and I did on crew retention. If your interested in what truely matters to crew and what will encourage them to stay onboard, read the article below. This is a topic I feel passionately about as I believe the yachting industry has a long way to go to catch up with the rest of the maritime industry. #maritime #yachting #Yachtingwriting #collaboration

"The most important thing of all is the date of rejoining the ship. You see, many of the seafarers are having vacation without income, they needed to have a fixed schedule with best estimated dates to join back ship so that they can have sufficient savings to have their own personal activities with families " Featuring Captain James Foong in our very first Q&A series, where he shares his insights on seafaring, the top challenges of being a seafarer, and its impact on well-being.👇 https://lnkd.in/dTTwNaxK #SeafarerChallenges #MaritimeWellBeing #CaptainInsights

Are the ‘golden handcuffs’ getting ever tighter for crew in yachting? It’s no secret that yachting can provide significant financial benefits for its crew. From high salaries to mind-bending charter tips, these financial benefits make the industry a very attractive vocation, from a monetary point of view. However, once in the industry, and once bums are settled on their proverbial seats, crew can become accustomed to a certain lifestyle that the industry/inflated salaries and packages provide. Meanwhile, the skills acquired/required in yachting, whilst extremely valuable on a yacht and at sea, are not deemed as valuable on land and accordingly, crew invariably struggle to find equivalent land-based employment that pays a fraction of what they are used to/their lifestyle requires. The lack of viable alternative land-based employment often then compels crew to stay in the industry far longer then they would like, and/or forces them to return to the industry after an extended period attempting to settle back on land. - a feeling known rather un-affectionately as the ‘golden handcuffs’. Being compelled to return to an industry/job purely on a financial basis, combined with the significant sacrifices that come along with being a crew member at sea, can create a genuine and enduring attitude of resentment and bitterness to the industry. This attitude often then contributes to unhealthy working environments, which invariably leads to a number of serious and unwanted HR outcomes (a topic for another day). So, what can be done to help crew get around this one? How can crew better prepare themselves for the realities of a transition back to land on both and mental, and financial basis? This topic seems to be a growing issue and if increasing concern for many so please do share your thoughts, views and any advice you may have. #yachting #superyacht #maritime #yachtcrew

I really connected with this post: it highlights an issue I’ve seen repeatedly during my career as a Chief Stewardess. While the financial rewards in yachting are amazing, they can also create a reliance that’s hard to break. Many crew become accustomed to the lifestyle and income, making the idea of transitioning to a land-based life feel almost impossible. 🤷🏻♀️ What stands out to me is how unprepared many of us are for this shift. I’ve seen talented crew struggle to find fulfilling work ashore because the skills we use daily on yachts don’t always translate easily outside the industry. Without proper planning, both financial and emotional, it’s easy to feel stuck. In my opinion, the key lies in financial planning, learning transferable skills, and mentally preparing for life after yachting. These are conversations we need to have more often to better support crew in navigating their future. I’d love to hear from others, how are you preparing for life after yachting? Or, if you’ve transitioned already, what advice would you share? ✨ #yachting #superyachtlife #crewcareers #careertransition

Interesting point of view for crew transitioning from yacht life to land life.

'ISWAN's data highlights urgent need for industry reform and better support systems, so what can the industry do to help?' The Superyacht Group discusses the data from our recently released YachtCrewHelp 2023 Annual Review and its implications for the superyacht industry in this new piece. #yachtcrew #superyachtindustry #YachtCrewHelp #maritime #mentalhealth

Thom Herbert of Idwal said, “The concerns raised about inadequate training for new environmental technologies are worrying trends that require industry-wide attention. The report's emphasis on the need for improved internet connectivity and shore leave opportunities reinforces what we're seeing across the global fleet - these fundamental aspects of crew welfare cannot be overlooked if we want to attain the highest standards in shipping."

🫴Are the ‘golden handcuffs’ getting ever tighter for crew in yachting? It’s no secret that yachting can provide significant financial benefits for its crew. 🎁 From high salaries to mind-bending charter tips, these financial benefits make the industry a very attractive vocation, from a monetary point of view. However, once in the industry, and once bums are settled on their proverbial seats, crew can become accustomed to a certain lifestyle that the industry/inflated salaries and packages provide. Meanwhile, the skills acquired/required in yachting, whilst extremely valuable on a yacht and at sea, are not deemed as valuable on land and accordingly, crew invariably struggle to find equivalent land-based employment that pays a fraction of what they are used to/their lifestyle requires. The lack of viable alternative land-based employment often then compels crew to stay in the industry far longer then they would like, and/or forces them to return to the industry after an extended period attempting to settle back on land. - a feeling known rather un-affectionately as the ‘golden handcuffs’. Being compelled to return to an industry/job purely on a financial basis, combined with the significant sacrifices that come along with being a crew member at sea, can create a genuine and enduring attitude of resentment and bitterness to the industry. This attitude often then contributes to unhealthy working environments, which invariably leads to a number of serious and unwanted HR outcomes (a topic for another day). So, what can be done to help crew get around this one? How can crew better prepare themselves for the realities of a transition back to land on both and mental, and financial basis? This topic seems to be a growing issue and if increasing concern for many so please do share your thoughts, views and any advice you may have. #yachting #superyacht #maritime #yachtcrew Credit is going 2 #MichaeldiLuca 👌 👔