Eight yachts to look out for at Monaco

Eight yachts to look out for at Monaco

The Monaco Yacht Show is just around the corner and organisers have revealed the 125 yachts that will be exhibited this year. Over the show’s three days, 42 newly launched vessels will make their debut at Port Hercules in front

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Perini Navi launches S/Y Seven

Perini Navi launches S/Y Seven

Italian Shipyard Perini Navi has launched its third 60m yacht S/Y Seven. The 60m aluminium ketch is a collaboration between Perini Navi’s design team and naval architect Ron Holland. The interior was deigned by Dante O. Benini & Partners. The

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Bill to abolish US duty on used yachts proposed

Bill to abolish US duty on used yachts proposed

Legislation to abolish tax on used foreign yachts sold in the US has been proposed by Congressman Brian Mast. Mast hopes the two bills will be incorporated into tax reform currently being considered by Congress, and will boost jobs in

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Repossession of the M/Y NATITA by Goldman Sachs shows how hard private banks work to avoid taking yachts back

Repossession of the M/Y NATITA by Goldman Sachs shows how hard private banks work to avoid taking yachts back

This month’s widely reported repossession of the M/Y Natita by Goldman Sachs demonstrates how hard private banks work to avoid taking yachts back. The biggest reason that private banks finance yachts, jets or art is defensive. They offer it as

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Gulf Craft explores different yacht ownership options

Gulf Craft explores different yacht ownership options

When Erwin Bamps joined Gulf Craft as CEO in 2002, his main task was to scale up the business. At the time, the company was building smaller vessels, but its intention was clear. It first wanted to build yachts, then

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St Kitts and Nevis yacht traffic grows for fifth year running

St Kitts and Nevis yacht traffic grows for fifth year running

The dual-island nation of St Kitts and Nevis is growing as a yachting hotspot in the Caribbean. Its Christophe Harbour has seen its fifth consecutive year of growth in yacht operations and is still expanding. The harbour completed its second

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DAMEN sells its second SeaXplorer yacht

DAMEN sells its second SeaXplorer yacht

DAMEN and its luxury yacht builder AMELS have completed the sale of a second SeaXplorer, a 75-metre luxury yacht with exceptional capability for heli-skiing, diving, and other tropical and polar adventures. Facilities on the SeaXplorer 75 include a dive centre,

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Numarine sells second 32XP

Numarine sells second 32XP

Numarine’s U.S dealer Numarine USA has sold the second Explorer 32XP series motor yacht to an experienced American customer. The motor yacht is currently being built following the sale agreement. It is expected to be delivered to its customer next

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WIDER announces first yacht project since acquisition

WIDER announces first yacht project since acquisition

WIDER has unveiled a new entry-level vessel, the 130’ motoryacht. This the first yacht project announced since the shipyard’s acquisition by cruise and resort holding group Genting Hong Kong in April. The new 130′ yacht is the sister project to

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Bilgin sells 160 Classic “Timeless”

Bilgin sells 160 Classic “Timeless”

Istanbul shipyard Bilgin has sold its 160 Classic model “Timeless” to an unknown customer. The 49 metre yacht was sold by the Island Yacht Club. Sales consultant Leo Jordil assisted the transaction. Bilgin’s sales manager Yildirim Bilgen said: “Timeless always

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