Yacht, Superyacht, Megayacht market information

Superyacht: Putin elaborates on luxury tax

2012-02-07T14:59:00.000-08:00

Russia`s Prime Minister and presidential candidate Vladimir Putin has elaborated on his previously made initiative to impose taxes on luxury goods.

Speaking to his election agents on Tuesday, Putin said that taxes should be imposed only on goods purchased for personal overconsumption – huge villa, private aircraft, very expensive yachts and cars.

Mr. Putin added, however, that the money owned by a firm and then spent on industrial development, or the creation of new job places, must not be taxable.

(TASS)

New 55m Heesen Serinity in Antibes Port Vauban

2012-01-24T09:28:00.000-08:00

Built in 2011 by the well-known Heesen shipyard, and designed by Omega Architect, this brand new 55m displacement yacht offers a huge volume together with more fluid lines and a superb blue hull. This superyact is currently lying in Antibes south of France.

New Tax on Yacht in Italy: more information

2011-12-23T10:40:00.000-08:00

Italain Maiora Yacht Underway

The ISYBA has published the detail of the new yacht tax in Italy.
Special thanks to Captain A. MAcri of MY Bachata
Article 16 - Provisions for the taxation of luxury cars,boats and airplane2. From 1 May 2012, the pleasure craft, in italian ports or water, surf or are anchored in public waters, even if in concession to private, are subject to the payment of Annual parking fee, calculated for each day or fraction it, the following measures:
a) 5 euros for units with a hull length of 10.01 meters to 12 meters;b) 8 euros for units with a hull length of 12.01 meters to 14 meters;c) 10 euros for units with a hull length from 14.01 to 17 meters;d) 30 euros for units with a hull length of 17.01 meters a24;e) 90 euros for units with a hull length from 24.01 to 34 meters;f) 207 euros for units with a hull length from 34.01 to 44 meters;g) 372 euros for units with a hull length from 44.01 to 54 meters;h) 521 euros for units with a hull length from 54.01 to 64 meters;i) 703 euros for units with a hull length greater than 64 meters.
3. The fee is reduced by half for units with a hull length up to 12 meters, used exclusively by the resident owners, as their ordinary means of locomotion, in the municipalities located insmaller islands in the Lagoon of Venice, as well as units in paragraph 2 to sail with auxiliary engine.
4. The tax does not apply to units owned or used by the State and other public bodies, to the mandatory saving, the dinghies, provided that they bear an indication of the unit pleasure to which they are placed, and the units mentioned in the paragraph 2 that are in an area of storage and for days effective stay in storage.
5. Are exempt from tax under paragraph 2 craft owned and used by organizations and voluntary associations solely for the purposes of health care and first aid.
6. For the purposes of applying the provisions of paragraphs 2 and 3The length is measured by the harmonized standards EN / ISO / DIS 8666 for the measurement of boats and recreational craft.
7. Are required to pay the fee referred to in paragraph second owners, usufructuaries, buyers with retention of domain or the users by way of leasing. With decision of the Director of the Revenue shall be determined the procedures and terms of payment of tax, communicationidentification of the craft and information necessary control activities. The payments are also performed E-money without the burden of the state budget.The proceeds of the tax referred to in paragraph 2 of entrance flows State budget.
8. The receipt of payment, including electronic, the fee referred to in paragraph 2 performed by the master of the craft Agency Customs or the plant fuel distribution, for the annotation in the records of loading and unloading and controls to rear, in order to obtain the use of subsidized fuel for the parking or navigation.
9. The Harbour, the forces responsible for the protection of security and surveillance at sea and other forces responsible public safety or other law enforcement agencies and judicialensure the proper fulfillment of tax obligations by the provisions of paragraphs 2 to 7 of this article and rise in case of violation, proper minutes of forward to finding that the provincial directorate of the Agency revenue of territorial jurisdiction in relation to the place of commission of the violation, to verify the information. For identify, collect and apply litigation provisions with respect to taxes on income for the imposition sanctions shall apply the provisions of the Decree Legislative December 18, 1997, No 472, shall have the definition included envisaged. Violations may be made within sixty days Minutes of the elevation of the finding by payment of 'taxes and the minimum penalty reduced to fifty percent. Disputes concerning the tax referred to in paragraph 2shall revert to the jurisdiction of the tax courts under Legislative Decree of 31 December 1992, No 546.
10. For the failure, delay or partial payment of the tax is impose an administrative tax for 200 to 300 percent of the amount not paid, in addition to the amount of tax due.

Yacht Charters Mangusta 108

2011-12-23T10:39:00.000-08:00

New Tax on Yacht in Italy

2011-12-05T00:21:00.001-08:00

MY Force Blue was seized in 2010.

Italy's new government has adopted a package of emergency austerity measures aimed at fending off bankruptcy and saving the euro from collapse.

Taxes on the assets - yacht and luxury cars - of the wealthy will go up. Owners of yachts will have to pay a tax based on the length of their craft. The plans must still be approved by the Italian parliament.

Superyacht flying italian or foreign flag, at anchor or moored in italian port, above 24m: euro 150 per day.

Yachting's Hidden Costs

2011-10-18T14:19:00.000-07:00

Superyacht for sale at the last Cannes Boat Show

Future superyacht Owner: read this !

Another relevant articles about the superyacht market...and when sound advice come form an experienced brokerage company like Northrop Johnson...

Here is an interesting article published by Forbes about the hidden cost of superyacht ownership.

End of the French VAT exemption ?

2011-10-10T00:48:00.000-07:00

BYM Marine - in fact Moore Stephens - published an interesting report about the latest VAT regulation in France and it seems that the European Commission has now decided to bring action...does it mean the end of the French VAT exemption on commercial yacht ?
Read more

New Magazine: the Superyacht Owner

2011-10-03T05:28:00.000-07:00

During the last Monaco Yacht Show, we had the opportunity to read the pilot edition of The Superyacht Owner magazine.
We strongly recommend this new magazine which delivers superyacht owners what "they need to know...in a candid, clear, and concise way".
Less maketing, more relevant content !
Launch January 2012

Other recent interesting publication: Moore Stephens Yachting VAT note (July 2011 - PDF)

Superyacht Blohm & Voss A at berth in Antibes

2011-08-30T11:09:00.000-07:00

The 119m Blohm & Voss superyacht A was berthed in Antibes yesterday: enjoy the picture of the beast designed by P. Starck/Francis. Click the picture to enlarge.
Length: 119m
Beam: 18.8m
Guests:14
Crew: 42
Max. speed: 23 knots
Range: 6,500Nm at 19.5kts

Concealed crane

Pure design superstructure

Floating box ?

A unique yacht...with limited interior volume for her size

Foldable balcony to drop the anchor

Fire on board 39m motor yacht "Good Speed"

2011-08-12T22:20:00.000-07:00

French Riviera Yacht Charter Deal

2011-08-07T06:39:00.000-07:00

Summer 2011 Charter Specials
Fairline Targa 38: euro 1,500/day
Sunseeker 48: euro 1,950/day
Princess V48: euro 2,300/day
Riva Rivarama 44: euro 2,500/day
Marquis 560: euro 2,600/day
Princess V65: euro 3,400/day
Riva Rivale 52: euro 3,000/day
Astondoa 72 fly: euro 3,500/day
Mangusta 72: euro 3,950/day
Sunseeker Predator 72: euro 4,200/day
Mangusta 80: euro 4,400/day
Ferretti 82: euro 4,500/day
Rodriquez fly 24m: euro 4,500/day
Leopard 24m: euro 4,900/day
Mangusta 80: euro 5,750/day
Canados 86 fly: euro 6,500/day
Mangusta 92: euro 8,500/day**
Sunseeker Predator 92: euro 8,000/day
Sunseeker 94 yacht: euro 7,000/day
Mangusta 108: euro 12,000/day

Need a bigger yacht ? contact us +33 662.465 991

124m Lurssen Katara in Antibes Port Vauban

2011-06-29T10:08:00.000-07:00

The Benetti Kingdom 5KR can be viewed in the background...

French court cancels seizure of Berezovsky's yachts

2011-06-14T22:28:00.000-07:00

Thunder B underway

A French appeals court has cancelled a decision to seize two luxurious yachts allegedly belonging to fugitive Russian tycoon Boris Berezovsky, Le Parisien newspaper reported on Tuesday.

read more

Inspections continue in Med, detention of Haida G

2011-05-19T23:38:00.000-07:00

According to the Triton "Port State Control inspections continue in the Mediterranean, including one on a yacht laid up for the winter in a shipyard, which received at least 13 deficiencies and was detained."

“The detention of Haida G is of particular significance because, at the time of the inspection, the yacht was laid up for the winter and out of commission,” the briefing states. “Nobody had imagined, until that inspection, that PSC inspections would take place in such circumstances.”added the PYA briefing notes.

Read more here

Superyacht of the day: MY Blanca and MY Yogi

2011-05-07T12:48:00.001-07:00

52m Baglietto Blanca at anchor near Cannes

The 2011 60m Proteksan Turquoise Yogi underway

Click the pictures to enlarge

Yacht gossip

2011-05-04T22:58:00.000-07:00

According to unoffical source, detaxed fuel will not be available for day charter on the French Riviera: what would be the effect on the charter market ?

Best Mangusta yacht charter: fastest Mangusta yacht running at ...

2011-04-14T06:39:00.000-07:00

Wow your guests with the fastest Mangusta
Mangusta yacht available for day and week charter

Mangusta yacht powered by twin 2,400hp engines
Top speed: 50 knots
Consumption: 800L. à 37 kts
up to 10 guests on day charter, euro 600/guest/day + exp.
3 cabins: 2 double, 1 twin
Day charter on St Tropez, Cannes and Monaco, Corsica in less than 3 hours
Contact: info@day-charter.fr

No more Tiger on the sea !

2011-03-31T14:18:00.000-07:00

Golfer Tiger Woods is reportedly putting his 155-foot megayacht Privacy up for sale.
Mr Woods expects $25 millions for his yacht...although he bought the ship for $20 million.

Read more

Deregulation: not for the superyacht market please !

2011-03-28T06:41:00.000-07:00

Florida superyacht brokers fight deregulation
Read the article published on Boat International website.

In France, yacht brokerage company have no escrow account...

Japan Earthquake: power of the sea

2011-03-14T03:50:00.000-07:00

Several ships are carried up the bay, over the sea wall and crash into the pillar of the motorway overpass.

Riviera Escape, yacht charter go mobile

2011-03-07T05:16:00.000-08:00

World first yacht charter mobile guide
for iPhone and Android smartphones

Charterminute.com, the independent Mediterranean superyacht charter portal, announces the launch of the first French Riviera yacht charter guide Riviera Escape® for the iPhone and Android platforms.

Charterer, boater and traveler can now browse their favorite destination guide and take advantage of last minute deals, explore our exclusive Connoisseur guide, or browse our beach selection with more than 250 high quality pictures and videos to find the perfect beach...and much, much more.

KEY FEATURES
What's on: Riviera People, buzz, latest events, new openings, tips, crazy gadget...
Top yacht charter: crewed motor yachts and sailing yachts suggestion, yacht from 15 to 45m.
Top Riviera Beach guide from Monaco to St Tropez: beach amenities, beach detail, photo...
Discover innovative day and week charter itineraries
Flip through inspiring photo albums: Antibes, Cannes, Esterel, Monaco, Nice, St Tropez and Villefranche sur Mer
Browse our French Riviera events directory
Browse our exclusive Mediterranean marine life and fauna photo galleries
Flip through our Riviera food album and discover authentic food specialties : pissaladiere, socca, barbajuans, cayrons...

PLUS
Search a growing selection of the finest local shops for the Connoisseur
Practicalities: climate information, emergency numbers, jet-ski regulation, recommended books and guide, provencal market, nautical distance table, fishing info, tourist office directory...
Read our Yacht charter FAQ, learn more about the different yacht type, get free yacht charter advice...
Twitter: take advantage of the best Specials and last minute opportunities
Subscribe to our mailing and received privileged information from our local experts
QR code scanner: find out our hidden QR code and win a bottle of champagne Brut !
Google Maps integration allows you to switch between Road, Satellite or Hybrid views at any time (Internet connexion required).

ANDROID
The Riviera Escape® App for Android can be downloaded at https://market.android.com/details?id=com.mobileroadie.app_1195

APP STORE
The Riviera Escape® App for iPhone can be downloaded at http://itunes.apple.com/app/riviera-escape/id422197212?mt=8

Build by local professionals, genuine reviews from local professionals who have actually been to these businesses.
Lets you browse a selection of videos and selected websites.
Internal search engine, bookmark function, user wall...
No banner or annoying pop-up ad.
More than 250 exclusive photos and yacht video.

ABOUT CHARTERMINUTE.COM
Charterminute is an independent Mediterranean superyacht charter portal with a selection of fine crewed yachts ranging from 15 to 45m+.
We offer all inclusive Riviera Romance package, prestigious Mediterranean sailing races charter, St Tropez or Monaco Run on speedy Mangusta and Magnum powerboats, Red Carpet charter party on very recent superyachts (Baglietto, Moonen...) and more traditional yet relaxing family charter parties.
Office in Antibes, South of France.

WEBSITE
http://www.charterminute.com
Email: info@charterminute.com

Sunseeker 40m sold at Dubai International Boat Show

2011-03-04T11:39:00.000-08:00

According to Arabian Business: "Dubai International Boat Show has recorded its biggest sale of the event so far with a 40 metre Sunseeker superyacht fetching AED100 million.

Exhibitors across the board have reported good sales with smaller boats, mid-range and superyachts all selling well in the first three days of the event, organisers said in a statement on Friday."

Son of African President Obiang to buy £233m yacht

2011-03-01T04:36:00.000-08:00

Rumors or news ?
The yacht consulting company Kusch Yachts had been asked to build a 390ft vessel in a secret project codenamed Zen. The owner is Teodorin Obian, son of African President Obiang.

The planned delivery date is 2012, but construction has not yet started. The superyacht will include a cinema, restaurant, bar and swimming pool.

The Daily Mail on line reported that "Obiang, 41, is the son of Equatorial Guinea’s president Teodoro Obiang, who took power in a bloody 1979 coup and is reportedly grooming his son to succeed him."

Madoff's yacht "Bull" to be auctioned

2011-02-26T00:18:00.000-08:00

Madoff's "Bull" is Port Gallice - Antibes Juan les Pins

"Bull", the Bernard Madoff's Leopard 27m is on the market with Wyles Hardy & Co.
The yacht will be auctioned on behalf of Grant Thornton UK LLP - the Joint Liquidators of Madoff Securities Intenrational Ltd.

This 2007 yacht is currently lying in Gibraltar.

Check out the detail of the auction here

Yacht tax for the Chinese owner too ?

2011-02-25T00:06:00.000-08:00

People's Daily Online reported that Owners of yachts - a luxury that is gaining popularity among China's newly rich - will have to pay an annual vessel tax based on the length of their craft if a draft law is passed by the top legislature.

Liu Dianfang, chairman of the yacht industry association in Xiamen, in East China's Fujian province, estimated there are 300 luxury yachts in China that each has a value of 3 million yuan or more.

Read the post here

Charter: French VAT exemption

2011-02-23T13:17:00.000-08:00

If you are interested in knowing a little more about the recent change in the VAT regulation, read the latest Yachting VAT note published by Moore Stephens Monaco here.
Publication > Yachting Publicatiuon > Yachting VAT note

Ben Ali's nephew yacht theft

2011-02-21T06:36:00.000-08:00

According to the French newspaper Nice Matin, Moaez and Imed Trabelsi, ordered the theft of three yachts in France (French Riviera and Corsica) in 2005.
A french captain who helped to sail the yachts to Tunisia was jailed for several months, but Ben Ali's nephews have never been prosecuted...

Read the article here: http://tinyurl.com/6x6rkgp

Picture of the day: San Lorenzo SL104

2011-02-19T09:24:00.001-08:00

This superb San lorenzo SL 104 was spotted between the Lerins islands today.

Berezosky's yachts seized in France

2011-02-17T14:26:00.000-08:00

French authorities have impounded two yachts believed to belong to fugitive Russian billionaire Boris Berezovsky, the Russian Prosecutor General's Office said on Thursday.

Following the sale of the 360ft Darius in October 2008, Russian billionaire and former politician Boris Berezovsky was ordered by a British court yesterday to pay Edmiston Company a £6-million ($9.3-million) sales commission...

Read the article here

Russia: next charter destination to explore ?

2011-02-16T08:49:00.000-08:00

The website Barentsobserver.com recently reported that the Russia aims at drawing more sailing tourists and opens up Russian waters for sailing boats and yachts under foreign flag.

Good to know: it normally takes about three months to get a permit to sail in Russian waters with a yacht or sailing boat under foreign flag...

Read the article here

You Think Houses Are a Slow Sell ? Try a Yacht

2011-01-25T01:37:00.000-08:00

Interesting facts and figures: "300 new boats were sold annually worldwide from the mid-1990s until the 2008 collapse, when sales dropped to about 100 boats. "

Article published by the NYTimes here

Superyacht: more tax to come...

2010-11-20T13:27:00.000-08:00

According to the Triton website "Seven megayachts docked more than half the year in Charleston, S.C., have been sent property tax bills for their vessels, according to a story yesterday in The Post and Courier newspaper."

To read the whole story, click here.

Superyacht MINE GAMES docking on a windy day

2010-10-25T14:10:00.000-07:00

Superyacht MINE GAMES docking on a windy day

Italy seizes another superyacht

2010-10-22T10:49:00.000-07:00

According to IBINews :" Italy's financial police, the Guardia di Finanzia, has seized another superyacht as part of an investigation into suspected tax evasion.

Blue Eyes, (Yacht Market Editor: she is a 2009 CRN yacht) a 60m (197ft) motoryacht belonging to the boss of an Italian optician chain, is being held as officials look into suspected unpaid duty on fuel. Reports in the Italian press suggest that the suspected tax evasion could be worth millions of euros.
The story recalls the high profile seizure of Flavio Briatore's yacht Force Blue, which has since been returned.
The seizures concern suspected private use of yachts registered as commercial concerns and therefore entitled to reductions in fuel duty. The rise of investigations into yachts is part of an ongoing tax evasion crackdown being carried out in Italy."

Eric

2010-10-12T10:58:00.000-07:00

RIP Eric Establie - French cave diver

Superyacht accident: Amels La Masquerade Vs Super tanker

2010-10-10T12:54:00.000-07:00

2010 Regates Royales Cannes

2010-09-25T15:22:00.000-07:00

Enjoy the pictures of the Regates Royales de Cannes
Click the pictures to enlarge

2010 Awards: Best Yacht Design

2010-09-10T10:32:00.000-07:00

Yacht on display at the 2010 Cannes Boat Show

click to enlarge

Florida fishing boat captain tossed from yacht in fatal ocean horror

2010-09-09T03:56:00.000-07:00

A 61-year-old charter boat captain was tossed from his yacht in rough seas.

credit: Stuart Browning

RIP Captain Thomas Henry
Read more here

2010 Awards: Best Hull Polish

2010-08-21T03:25:00.000-07:00

Click to enlarge - credit DR

What Did They Drink ?

Riva 68 EGO Video at 30 knots

2010-08-19T12:46:00.000-07:00

Check out this cool video aboard the stylish Riva 68 EGO

Credit: http://www.charterminute.com

Maltese Falcon sailing

2010-08-15T12:24:00.000-07:00

A windy day for the 88m Perini Navi Maltese Falcon.

Click to enlarge

Credit: B. Sertier

Amels Ilona docking Antibes IYCA

2010-08-10T22:43:00.000-07:00

Just a short video featuring the Amels Ilona docking at Antibes IYCA

Copyrights: http://www.charterminute.com

Leopard 43m hull N°1 - first pictures...

2010-08-03T23:18:00.001-07:00

First pictures of the new Leopard 43m lying in Golfe Juan - Hull N°1

The yacht features a massive deck salon bathed in natural light.

The Leopard 43m is powered by twin Kamewa 71SII jet and a central booster.

The flybridge features a jacuzzi located forward and an aft sunbathing area.

Year: 2010
LOA: 141.47ft - 43.12m
Beam: 27.40ft - 8.35m
Draft: 4.43ft - 1.35m
Intrerior design: Cristiano Gatto
Naval architect: Bacigalupo
Engines: 3 x MTU 16V2000 M93 - 2,400hp each
Top speed: 35 knots approx.
Cruising speed: 30 knots aopprox.
Guests: 8/9 guests staterooms
Price: upon request

Her Cristiano Gatto interior includes a massive Master cabin with bathroom, a VIP cabin and two additional guest cabins plus a breathtaking deck salon. There is also a relaxing area located on the foredeck.

Although her white/ebony Makassar interior is bathed in natural light, the Leopard 43m does not have the big side windows that one can see on the Leopard 46m.

A Census of Marine Biodiversity Knowledge, Resources, and Future Challenges

2010-08-03T06:23:00.000-07:00

Threats to biodiversity

The Census of Marine Life (2000–2010) was the largest global research programme on marine biodiversity. This paper integrated the findings of reviews of major world regions by the Census and provides a global perspective on what is known and what are the major scientific gaps.

http://www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0012110

Copyright: © 2010 Costello et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Edmiston Company Vs Boris Berezovsky: 1-0

2010-07-27T14:43:00.000-07:00

Credit Charterminute.com

A euro 240,000,000 deal...
According to Boat International, "Edmiston & Company had won its High Court legal case against Boris Berezovsky, the Russian businessman. Edmiston had been forced to challenge Mr Berezovsky over a commission they were owed following their sale of his 110m motor yacht Darius in 2008..."

Read the article here

Greek Yacht Industry in Distress

2010-07-27T14:38:00.000-07:00

Published by http://www.mpa.gr
Reposted on Charterminute.com

The Hellenic Yacht Owners Association on Tuesday warned that the sector was facing extinction, suffering the worst year in its history because of the economic crisis.

Speaking to ANA-MPA, Antonis Steliatos, president of the Association, said reservations for professional yachts with crew were down more than 80 pct this year, compared with 2009, with 11 vessels taken out of commission because of reduced demand.

Reservations for sail ships are also down, with revenues suffering a sharp fall this year, although no specific figures could be provided since there is no single charter policy in the sector.

The Association said that Greek lacked the necessary numbers in marinas, while existing infrastructure was not competitive. "Our country has almost 5,000 islands and islets and a coastline stretching for thousands of kilometres. It is unacceptable that Croatia with 1/10th of the Greek coastline has 108 modern marinas and Turkey has a better network of marinas than Greece," Steliatos said.

According to official figures, Greece has 19 organised marinas and another 12 under construction, with an overall capacity of 6,661 vessels.

Picture of the day: Baglietto Chato

2010-07-25T23:28:00.000-07:00

No this is not a French customs vessel !
Built in 1988, the Baglietto Chato was one of the fastest yacht built by the Italian shipyard Baglietto.

Cutting-edge solutions were used along with aluminium in the quest for breathtaking performance, such as the hydrojet propulsion of the Chato, allowing to 25 metre motor yacht to reach speeds of 62.5 knots...

Bye bye Monaco, Hello Porto Montenegro ?

2010-07-22T23:24:00.000-07:00

Check out this film about the newly open Porto Montenegro superyacht marina

Foreign yachts will be able to enter Russian waters soon

2010-07-19T13:26:00.000-07:00

According to Xeniosworld.com: "The yachts which fly the flags of foreign countries will possibly be able to enter the Russian waters in autumn.

Such law has been already endorsed by the Ministries and Agencies and most likely will be adopted during the autumn session, said the Head of the Department of the Ministry of Sport, Tourism and Youth Policy of the Russian Federation Nadezhda Nazina in the framework of the 2nd International Conference “Maritime Tourism” in St. Petersburg.

However with the adoption of the law the problem of entering Russian waters won’t be completely solved. The major parts of the bodies of water of Russia don’t have necessary infrastructure and are not ready for receiving the yachts of foreign tourists. It’s also necessary to make a schedule of shipping locks and install signs in English."

Source: www.atorus.ru

Amels Ilona at anchor

2010-07-19T12:30:00.001-07:00

Click to enlarge _ copyright Charterminute.com

Rare picture of the Feadship Sussuro

2010-07-18T00:57:00.000-07:00

Click to enlarge - copyright Charterminute.com

Enjoy this rare picture of the Feadship Sussuro spotted near Antibes Port Vauban...at low speed :-(
The stunning 50-meter Feadship “Sussuro” has a double TF40 center boost Verico turbines and two Paxman diesel giving her a top speed of 46 knots.

Mangusta 108 cruising in the Med

2010-07-16T15:02:00.000-07:00

Click to enlarge - copyright Charterminute.com

Check out the pictures of the Mangusta 108 O' interior here

Superyacht Axioma Detained by Italian Authorities

2010-07-13T10:28:00.000-07:00

Just weeks after Force Blue was detained by Italian authorities, another charter yacht has been boarded, with guests required to disembark and be accompanied to police headquarters.

More information on Megayacht News here

Check out the amateur video

Monaco Grand Tour on the Azimut 55 George of London

2010-06-25T23:07:00.000-07:00

Monaco Grand Tour all inclusive yacht charter package
First pictures of the baby yacht available for day charter on charterminute.com very soon.

Azimut 55 George of London in Monaco Port Hercule

Azimut 55 at anchor near Villefranche

Guests relax near Paloma Beach St Jean Cap Ferrat

Satellite TV, air-con, jet ski, sun beds

Full beam Master cabin on the Azimut 55 George of London

Monaco Grand Tour on Azimut 55

2010-06-25T10:11:00.000-07:00

Click to enlarge

First pictures of the Azimut 55 George of London.

This baby yacht will soon be available on exclusive day-charter package: Monaco Grand Tour on Charterminute.com

Airco, jet ski, satellite TV, 3 cabins, flybridge with wetbar...

Check out the FLICK HD picture gallery here

Chasing the Luna !

2010-06-21T23:11:00.000-07:00

It takes a lot of time to get a good picture but it is possible...

Yacht commercial - Axe Boat the Love Boat

2010-06-20T13:49:00.000-07:00

Roman Abramovich’s £300m super-yacht delayed

2010-06-13T05:28:00.000-07:00

According to the Daily Mail online, the German shipyard Blom & Voss have been unable to meet the standards sets by Roman Abramovich and the superyacht Eclipse is still on dry six months after it was due to be delivered.The wolrd's larget private yacht Eclipse was due to be handed over to Roman Abramovich last Christmas.

But according to the Daily Mail "...a list of problems has led to disagreements between Mr Abramovich, the world’s 11th richest man with a fortune estimated at £7.6 billion, and the company, which now faces a bill of tens of millions of pounds to rectify the faults.

The problems are said to include a giant mirror on one of the nine decks being smashed during tests in the North Sea. And Austrian crystal glasses purchased for Mr Abramovich’s dinner guests are said to have ‘rattled’ when the electro-diesel engines vibrated. It is claimed the vibrations have also spread to Mr Abramovich’s personal deck."

Read the article here

115 metre explorer Luna at anchor

2010-06-09T00:21:00.001-07:00

The massive super yacht was spotted at anchor near Golfe Juan.
At 115 metres, she was the second largest yacht launched in 2009.

Length: 115m
Shipyard: Lloyd werft and Stahlbau Nord
Exterior design by Newcruise
Interior design: Don Starkey
Owner: R. Abramovich

2010 Voiles d'Antibes, Trophee Panerai

2010-06-04T15:28:00.001-07:00

Cambria and Moonbeam in Port Vauban

Click to enlarge

Picture of the day: Oceanco Sunrays

2010-05-19T12:40:00.000-07:00

Click to enlarge

The brand new 85m Oceanco Sunray was spotted yesterday near Antibes.Built 2010Project name: Y705Naval Architect: Azure Naval Architects, Oceanco Exterior Designer: Bjorn Johansson Design Interior Designer: Terence Disdale Design Ltd.

Princess Caroline Pacha III at anchor near Antibes

2010-05-16T10:57:00.000-07:00

Click to enlarge

This gentleman motor yacht was built in 1936 by Camper & Nicholson shipyard in 1936.
Her current owner is Princess Caroline of Monaco.
Pacha III = Pierre + Andrea + Charlotte (first name of the Princess's children)

Length: 36.25m
Beam: 5.6m
Steel hull
Powered by two Caterpillar engines

Formerly: Briseis - Cardigrae - Priamar - Arlette II

High-end repo men snag planes, yachts...

2010-05-12T15:24:00.000-07:00

CNN's Carol Costello reports on two men who repossess high-end items like planes for a living.
See the short video here

Freak Waves before the 2010 Cannes Film Festival

2010-05-06T10:27:00.000-07:00

Freak waves caused millions of Euros of damage to waterfront cafes and restaurants in Cannes Vieux Port and La Croisette.

Captain Patrice Cerdan - MY Princess V65 Ali - sent us this short video showing Cannes Vieux Port partly flooded as sea level rose suddenly.

Credit: Patrice Cerdan
www.charterminute.com

Bugatti Veyron Grand Sport : 100% carbon...

2010-04-24T12:53:00.000-07:00

Check out the pictures of the beast...

Petites observations automobiles: Bugatti Veyron Grand Sport : 100% carbone

Blohm + Voss shipyard sold !

2010-04-14T03:58:00.001-07:00

Abu Dhabi MAR, a leading shipbuilding group, has signed a strategic agreement with ThyssenKrupp Marine Systems for the acquisition of its Blohm + Voss businesses in Germany.

Gruppo Baglietto moves into liquidation

2010-03-30T15:42:00.000-07:00

According to sources, the Baglietto Group, encompassing Cantieri Navali Baglietto Varazze, Cantieri Navali Baglietto La Spezia and Cantieri di Pisa, moved into voluntary liquidation last week.

Baglietto recently launched the new 42m Wide Body Lucky Me.

Spain to increase VAT rate

2010-03-29T12:19:00.000-07:00

According to IBINews "Spanish trade body ANEN has expressed deep concern over government plans to increase the standard value added tax tariff to 18 per cent from the current 16 per cent. The measure, announced last September, will take effect on July 1, 2010."

Last week, an increase took effect for VAT rates in Greece that is expected to affect yacht charter vacations.

Who's next ?

Read the article

How to become a Certified Yacht Broker...for a little more than US$69

2010-03-26T10:32:00.000-07:00

Place a bid !

Do it yourself !

2010-03-26T10:16:00.000-07:00

Following unsuccessful tentative by brokerage companies to build (and sell) superyacht in China, China Communications and Transportation Association (CCTA) President Qian Yongchang said that "now is the time for China to develop the yachting industry, even though at the beginning, the high-end recreational boats may be accessible only to high earners."

However, industrial insiders said that during the beginning stage, it is unrealistic to expect the Chinese to purchase yachts with the same passion as they pursue cars or houses.

Yacht renting will therefore be a major way that people can enjoy the luxury.

Cantieri di Pisa Lazy Me - Akhir 135

2010-03-26T10:10:00.000-07:00

Built in 2008, the 41m Akhir 135 was spotted near the Lerins island.

This Italian motor yacht is powered by twin 16V4000M90 - 3,650hp diesel engines and can reach a top speed of 29knots.

It's all about yacht tax....

2010-03-26T10:02:00.000-07:00

Looking to boost marine industry sales, lawmakers plan to cap sales taxes on high-end boats sold in Florida...but the yacht tax break is hard to justify.

Read the article on the Miami Herald here

Ranking Political Candidates By Their Yachts

2010-03-20T05:03:00.000-07:00

Article posted on The Wealth Report by By Robert Frank

Sarafsa in Nice

2010-03-18T14:47:00.000-07:00

The 82m Andrew Winch designed Sarafsa was spotted in Nice yesterday.

Shipyard: Devonport YachtsYear: 2008
Naval Architect: Burness Corlett - Three Quays Limited
Exterior Designer: Andrew Winch Designs Ltd.
Interior Designer: Andrew Winch Designs Ltd.

Sunseeker: Good and Bad News

2010-03-12T00:33:00.000-08:00

Good news: Sunseeker 38m sold !
The Sunseeker 38 Metre Special Edition superyacht was purchased by a buyer from the GCC on the very first day of this year’s Dubai International Boat Show for Dh72 million ($19.6 million).

Bad news: John Braithwaite has resigned as a director from the board of Sunseeker International Ltd.
The chief of design and development at the UK boatbuilder, and brother of former. According to IBInews, "Both Robert and John Braithwaite left the board of the parent company Sunseeker Holdings Ltd on December 23, 2009. A week prior to their departure John Darlingon, head of corporate restructuring KPMG, was appointed as the new chairman of the Sunseeker Holdings board."

Superyacht captain: It's a bit like being a 'glorified chauffeur'

2010-03-08T08:25:00.000-08:00

According to CNN : "Superyacht captains earn up to $22,000 a month"
Not to bad for "glorified chauffeur" !

Read the interview of the Captain Cook on CNN here

Yacht Broker Advice...

2010-03-05T14:29:00.000-08:00

Will Purchasing an LLC Avoid Sales Tax on a Yacht?

I am considering the purchase of a fairly expensive yacht that happens to be owned by a Delaware LLC.

My yacht broker has advised that I can avoid paying sales tax on the purchase if I buy the LLC itself rather than the yacht. He also indicated that this could be done without spending the time outside of California that would otherwise be required to avoid sales tax.
Is this true?
If so, what are the issues that I should look out for when purchasing an LLC?

Read the answer on http://www.thelog.com

The Rogue Wave and The Cruise Ship

2010-03-04T10:09:00.000-08:00

Your fantasy has come true!

2010-03-01T11:02:00.000-08:00

The Examiner.com
A business group says a four-deck, 100-foot yacht is ruining the view of the St. Croix River in downtown Stillwater.
The Main Street Stillwater Alliance Business Association wants the Majestic Star to dock somewhere else.

read the post here

According to the charter company "MY Majestic Star is perfect for a wedding, birthday party, corporate event, or other function..."

Microburst blamed for sinking of tall ship Concordia, all 64 rescued

2010-02-25T05:34:00.000-08:00

Sail The World.com - 48 students and the 16 professional crew and teachers from the Concordia, which sank 300 miles off the coast of Brazil, have been rescued successfully. The story of their rescue could be worthy of a scene in a novel, but it's also a good example of well-trained sailors.

Read the post on Sail The World here

Riding the shaft...

2010-02-17T12:59:00.000-08:00

Bronze Leopard 34m picture

2010-02-12T10:55:00.000-08:00

This brand new Leopard 34m was spotted today in Golfe Juan: she is one of the rare Leopard 34m to boast such custom metallic hull.

Credit: charterminute

Picture of the day: Superyacht and Snow

2010-02-11T05:29:00.000-08:00

2010 - Snow in Antibes

MY Montkaj - click to enlarge

MY Virginian and MY Montkaj

First super yacht auction...

2010-01-28T08:26:00.000-08:00

The new Dutch firm Super Yacht Auction has started to do business and the first auction will be open for bids until 1 March next.

"Super Yacht Auction, the new auction platform for super yachts (> 24 metres), presents its first global auction: a new Schooner of 100 ft (32,80 metres).

The auction, held at www.superyachtauction.com will be open for bids until 1 March next, 14:00 h. (UTC+1). The owner of the ship has chosen Super Yacht Auction in order to conclude a fast sale."

Fractional ownership, fix brokerage fee, optimized yacht management program and now super yacht auction...2010 will be a challenging year for super yacht service companies.

Have a look at the yacht here

>> read the official press release in English (PDF file)

Feadship Pestifer in Cannes Port Canto

2010-01-23T08:55:00.000-08:00

Check out the photo of the 2009 - 65m Feadship Pestifer currently lying in Cannes Port Canto near the "old" Pestifer, a 49.77 metre 1998 CRN.

Yesterday, one could see the crew working hard to move things form one yacht to another...

Crew at work...

The Feadship Pestifer features an interior by Zuretti Interior Design and Naval Architecture is by De Voogt Naval Architects.

The massive superyacht boasts a superb sun deck and an enormous volume for her length.

Sunseeker undergoes restructuring

2010-01-19T03:28:00.000-08:00

Sunseeker 52m project

Robert Braithwaite set to step aside as UK boatbuilder undergoes restructuring.Did Sunseeker bit off more than it could chew with the Zeus project ?

IBI News

To cruise or not to cruise...

2010-01-18T08:46:00.000-08:00

Photograph: Daniel Morel/AP

Cruise ships still find a Haitian berth

Luxury liners are still docking at private beaches near Haiti's devastated earthquake zone for holidaymakers to enjoy the water...

Guardian

Feadship F45 TV in Golfe Juan

2010-01-04T01:08:00.000-08:00

Spotted in Camille Rayon port yesterday, the Feadship TV was launched in 2008.
This massive displacement motor yacht is the third in the series of F45 Vantage semi-custom yachts following MY Space and MY Harle.
Credit: www.charterminute.com

Price tag: around 35M€

Click to enlarge

Click to enlarge

2009: Boat repo firm breaking sales records

2010-01-02T01:11:00.000-08:00

April 200 - FORT LAUDERDALE, Fla. – For boat repo and auction firm National Liquidators, 2008 was a record breaking year. Sales were up 86 percent, compared to 2007, to nearly $82 million and orders were taken to repossess 3,066 boats, the highest number of vessels in its 21 years of business, according to an article yesterday in the Sun Sentinel.

So far, 2009 looks even better. The company is repossessing about 380 boats a month, and the company’s president, Robert Toney, told the newspaper that number may increase to more than 400.
Advertisement

In addition, the average size of the vessels continues to climb. While Toney told the newspaper that most boats the company seizes range from 30 to 50 feet in length, an increasing number of repossession orders for 55- to 75-foot boats and larger have been taken.

The company was in the news earlier this week for repossessing jailed financier Bernard Madoff's 55-foot, $2.2-million, custom-built fishing boat for federal authorities.

National Liquidator’s subsidiary, National Maritime Services, impounded the boat, which is expected to be sold at auction to help repay investors Madoff defrauded, the newspaper reported.

Credit: Boating Industry

Quote of the Day

2009-12-18T02:36:00.000-08:00

"I’m no economist so won’t try to pontificate on the mechanics of a yachting bubble compared to property, dot com shares or the South Sea Company. It does strike me, though, that yachting has a few unique drivers like impatience, a good dose of bluster (to put it kindly) and general tendencies of one-upmanship."
Dickie Bannenberg - published on the Synfo.com Forum

Superyacht picture: Classic Yacht Oiseau de Feu

2009-12-17T01:21:00.000-08:00

Built in 1937 for RORC Commodore Ralph Hawkes, Oiseau de Feu (ex. Firebird X, ex Flame II ex, Vindilis II) was originally launched as Firebird X and had been rigged as a Marconi cutter.

Renamed Oiseau de Feu in 1970 and upgraded by Labbé shipyard and Ribadeau Dumas architect, this classic yacht has since been classified under the French flag as an historic monument.
Credit: charterminute.com

Yacht available for charter with Charterminute.com

No superyacht tax but new boat tax !

2009-12-14T03:36:00.001-08:00

Balticbusinessnews.com website reported recently that "The plan of City of Tallinn to start taxing small craft up to 12 metres long next year shows the City's interesting relationship with rich businessmen."

The website also reported that "Tallinn will introduce a sales tax for traders and retailers which is expected to bring in 150 million kroons. Sales tax will be paid by natural persons who are self-employed in trade business or service sector and by legal persons that operate in the retail, catering or service segment."

Ekspress has listed Estonia's 20 longest motoryachts by length, name and owner...

Balticbusinessnews.cm

Tiger Woods yacht picture

2009-12-11T09:57:00.000-08:00

Tiger Wood's superyacht is a $22m 155-foot motoryacht build by the American shipyard Christensen in 2004.

Tiger Woods' yacht 'Privacy' is seen being loaded with supplies while docked at Old Port Cove in North Palm Beach, Florida.

Crew attempted to disguise the yacht by covering its name up.

What's new in Antibes ?

2009-12-08T11:45:00.000-08:00

Plastic wrapped superyacht

The aft deck of the 75m Lurssen Coral Island is partially wrapped up in white plastic.

This is just the same with the Feadship Rahal while the 75m Oceanco Anastasia is having new teak on her swim platform.

Waiting for a new owner...

The 75m sailing yacht Phocea, built 33 years ago by DCN, is still waiting for a new owner.

New kid in town !

The recently launched Amels 171 Limited Edition Addiction, designed by Tim Heywood, is waiting for her owner.

Yacht out of control

2009-12-05T13:29:00.001-08:00

One of the rare video that shows a yacht (117ft/41m Royal Denship "Unforgettable") which was out of control and crashed against the dock.
The end of the video shows that Royal Denship used to build robust yacht...

The shipyard was declared bankrupt by the Bankruptcy Court in Aarhus in April 2009.

Credit: Unknown - Youtube.com

Picture of the day: Plamer Johnson vanquish

2009-12-02T13:47:00.000-08:00

Click to enlarge

The Palmer Johnson PJ120 Vanquish was spotted in Cannes Vieux Port.
Photo credit: Charterminute.com

Time to go green !

2009-11-24T14:13:00.001-08:00

Click to enlarge

Article published on the Daily Mail website
How 16 ships create as much pollution as all the cars in the world...

We've all noticed it. The filthy black smoke kicked out by funnels on cross-Channel ferries, cruise liners, container ships, oil tankers and even tugboats...

Read the complete article here and check out the map showing the world's major shipping routes and the density of traffic - and therefore- pollution along them.

Will the bonus boom buoy the super yacht market ?

2009-11-24T04:16:00.000-08:00

Boat International Brokerage Editor Malcolm MacLean reported several recent sales with key players like Camper & Nicholson, YPI, Burgess, Fraser Yacht and Edmiston.

The Wealth Bulletin reported that "A wave of around £6bn ($9.9) in bonuses expected to be distributed to City financiers in spring will support London's prime property market in areas such as Chelsea and Kensington, although the mainstream market is expected to continue to decline."

However, a Savill representative said that "The question is whether bonuses will be paid enough in cash versus equity".

What wil be the effect on the super yacht market ?

Yachts arrested over unpaid yard bill

2009-11-19T11:41:00.000-08:00

An interesting article published on the Triton website
>> read the article