Ambitious plans to transform the small Balkan state of Montenegro into a haven for superyacht owners could be sailing into trouble as the current crisis has forced one of the founder, Mr Deripaska, to give up stakes in several companies.
>> Read the complete article published on Wealth.com
MANGUSTA YACHT CHARTER
Luxury Mangusta 92, up to 12 guests, from euro 7,500 until 1st May, 2013
Saturday, March 28, 2009
A rainy 2009 Antibes Yacht Show ?
The Amels "MY Shanti"
The 2009 Antives Yacht Show will be held for the third year in Port Vauban from April 2-5 2009.
According to the dedicated website "Having already doubled its capacity last year, the 2009 event innovates again with new facilities and services, and additional show space with more in-water spots and exhibition stands representing the French and international yachting industry."
However, it seems that the response from the main exhibitors has not been very encouraging.
In 2008, the biggest superyacht brokerage companies were attending the show (Burgess, Camper & Nicholson/Rodriguez Group, Edmiston, YCO, YPI).
In 2009, only Merle Wood & Associates and Ocean Independence will be attendig the show with slightly smaller yachts except the 64m Amels "My Shanti" for sale with Merle Woods & Associates.
At the moment, 23 superyachts over 24 metres have confirmed their attendance although new yachts are being added on a daily basis.
Weather forecast from the BBC :Heavy Rain Shower, Max: 14°C...
Opening Hours
10:00 – 19:00 daily, Sunday 10:00 – 17:00
Location
Port Vauban, Antibes
Bastion Saint Jaume
Quay Rambaud (Old Port)
Billionaires Quay (IYCA)
Capitainerie Quay
Main Entrance
In the old port on the Quay Rambaud (ticket only)
Entrance Fee
15 EUROS per person
Free entrance for children under 15
Web site: http://www.antibesyachtshow.com
Phone: +33 492 912 445
Fax: +33 493 952 716
E-mail: info@antibesyachtshow.com
Wednesday, March 25, 2009
The Sardinian taxe question..
ROME (Reuters) - The new governor of the sun-swept Italian island of Sardinia is repealing a tax on the mega rich that will benefit, among others, jet setters like billionaire Prime Minister Silvio Berlusconi.
Governor Ugo Cappellacci, the son of Berlusconi's tax adviser, proposed a budget that repeals the tax on mooring luxury yachts and landing private aircraft on the island where the prime minister owns a holiday mansion.
The luxury taxes, which opponents said scared away the rich and hurt tourism, were introduced under the previous centre-left governor, Renato Soru, who was ousted in elections last month.
Berlusconi hand-picked Cappellacci out of virtual obscurity to run against Soru. His election victory triggered the resignation of Italy's opposition leader, Walter Veltroni.
Cappellacci is also expected to loosen restrictions on construction along Sardinia's famous coastline, as long environmental protections are respected.
Governor Ugo Cappellacci, the son of Berlusconi's tax adviser, proposed a budget that repeals the tax on mooring luxury yachts and landing private aircraft on the island where the prime minister owns a holiday mansion.
The luxury taxes, which opponents said scared away the rich and hurt tourism, were introduced under the previous centre-left governor, Renato Soru, who was ousted in elections last month.
Berlusconi hand-picked Cappellacci out of virtual obscurity to run against Soru. His election victory triggered the resignation of Italy's opposition leader, Walter Veltroni.
Cappellacci is also expected to loosen restrictions on construction along Sardinia's famous coastline, as long environmental protections are respected.
Piracy on the rise as recession bites
Piracy has been on the increase and the shipping industry fears that the number of attacks could surge as the world is gripped by recession.
Malcolm Robertson, a British man has been murdered aboard his yacht off the Thai coast, after his killers locked his wife in the cabin.
Rest in Peace Mr Robertson.
Last summer, more than £100,000 was stolen during a raid by pirates on the 54-metre sailing yacht Tiara. The attack took place in August while Tiara lay at anchor off...Corsica.
>> The Telegraph
Malcolm Robertson, a British man has been murdered aboard his yacht off the Thai coast, after his killers locked his wife in the cabin.
Rest in Peace Mr Robertson.
Last summer, more than £100,000 was stolen during a raid by pirates on the 54-metre sailing yacht Tiara. The attack took place in August while Tiara lay at anchor off...Corsica.
>> The Telegraph
Monday, March 23, 2009
A wooden passenger vessel hit the ground
Click to enlarge
It seems that an old wooden passenger vessel (L'Hippocampe ?) ran aground before capsizing near the Ile Saint Marguerite, one of the two islands in the bay de Cannes.
Strong winds (up to 110km/hour) hit the region during winter and a trimaran also lost one of her float...
Picture of the day: Amels My Shanti
Click to enlarge
The 212Ft/64.5m Amels "My Shanti" was on her way to Cannes or Saint Tropez two days ago. "My Shanti", ("Shanti" means inner peace and tranquility), belongs to Shari Arison who owns a controlling stake in Israel's Bank Hapaolim.
Built by the famous Dutch shipyard Amels in 2007, this superyacht features an interior design by Terence Disdale Design Ltd.
Merle Wood's yacht broker Peter Croke has the yacht for sale: the asking price is around US$ 100,000,000.
Friday, March 20, 2009
Economic Crisis & Superyacht trends
In an interview late on Wednesday published on Reuters website, Peter Munk, 81, founder and chairman of Barrick Gold (ABX.TO), said the global economic crisis offered a chance to sell services at relative bargain rates for the world's growing numbers of yachts.
Munk added: "None of those yachts out there are going to be sunk," he said. "But they are going to be looking for good value...It's a tremendous opportunity.The Adriatic is currently on par with the Cote d'Azur," he said by telephone from the ski resort of Davos, Switzerland. "But you can save on two-thirds of the costs."
Munk, a Hungarian native, said the financial crisis will hit yacht owners. But he said if, for example, a Russian oligarch must sell a mega yacht at a fire sale price, a new owner of slightly more modest means might want a cheaper alternative to famed ports such as St. Tropez, Palma de Mallorca or Monaco.
Munk added: "None of those yachts out there are going to be sunk," he said. "But they are going to be looking for good value...It's a tremendous opportunity.The Adriatic is currently on par with the Cote d'Azur," he said by telephone from the ski resort of Davos, Switzerland. "But you can save on two-thirds of the costs."
Munk, a Hungarian native, said the financial crisis will hit yacht owners. But he said if, for example, a Russian oligarch must sell a mega yacht at a fire sale price, a new owner of slightly more modest means might want a cheaper alternative to famed ports such as St. Tropez, Palma de Mallorca or Monaco.
Oliver Corlette, Porto Montenegro's managing director, said a berth would cost 130,000 euros annually for a 75-metre yacht, compared to about a million euros a year in Antibes, France.
>> Reuters
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It seems to me that Mr Corlette does not really know the price for a berth in Antibes...
Superyacht toys...for her !
Who said that superyacht are only toys for the big boys?
If you cannot buy a Mangusta 130, why not buying her a gold and diamond Mangusta brooch design by the Belgium jeweller Mr Michel Etienne ?
Tuesday, March 17, 2009
Lürssen Queen K in Venice
Moscow-based Alfa Bank has launched a legal case against the Russian oligarch Oleg Deripaska in a bid to protect itself against the possible default of a $1bn (€780m) loan.
It comes as Deripaska faces a struggle to restructure his outstanding debt to other creditors.
Mr Deripaska is the a member of the Board of Directors and CEO of UC Rusal, a Russian aluminium industry company.
Mr Deripaska, who was last year ranked as the country’s richest man, is also the owner of the 72m superyacht "Queen K" (ex Queen M) built by Lürssen in 2004.
Boat ownership alternatives see growth...not only for the small yachts
Check out this interesting article published on "Boating Industry" website about the fractional ownership scheme.
"It's a way to justify keeping it," Loren Simkowitz of Monocle Fractional Yachts in Fort Lauderdale, told the newspaper.
Monocle sells and manages the fractional ownership of more than 50 yachts, including brands such as Azimut, Hargrave, Hatteras and Westport, which range in length from 64 feet to more than 300 feet, according to the article.
>> Boating Industry website
Monday, March 16, 2009
Superyachting company news...
Edmiston Company closed his Golfe Juan office and relocated his team to the Monaco headquarter.
Ocean Independence closed his marketing office in France.
Sunseeker France to open a Superyacht Management & Charters office in Golfe Juan : "We've recruited a multi-lingual, highly skilled team to help remove all the hassles that come with superyacht ownership," says company founder and managing director Ben Young.
Saturday, March 14, 2009
Picture of the day: Mirabella V
The 246ft/75m superyacht Mirabella V in currently lying in the small port of Imperia in Italy for a refit (well...a paint job according to "Joe" who posted a comment on this blog!) .
The sailing superyacht, built by Vosper Thornycroft in 2004, had a serious repair to her lift keel following her accident in the south of France.
Mirabella V is one of a fleet of super-yachts owned by former Chairman and CEO of the Avis car rental company, Joe Vittoria.
Sunday, March 8, 2009
Superyacht Picture: Heesen Opus II
Enjoy the rare pictures of the sleek 35m Heesen "Opus II" heading to Saint Tropez.
The yacht is powered by two Kamewa waterjets and features a rich interior decoration by famous designer Evan K Marshall.
Beware Investment Advisers With Yachts...
Leopard 27m "Bull", owner: Bernie Madoff
Check out this article published by journalist Robert Frank on the Wealth Report
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