Year extension on double VAT charge for British yacht owners

Year extension on double VAT charge for British yacht owners

British superyacht owners with boats moored in EU waters have been granted a stay of execution after the UK government delayed plans to force them to pay a double VAT charge on their vessels after Britain leaves the EU. Customs

Read Full Article
Flagship: Virtual Reality ‘A Tool For Growth’

Flagship: Virtual Reality ‘A Tool For Growth’

Virtual Reality, also known as VR, is revolutionising how many of us enjoy entertainment and has been used to train astronauts, surgeons and even superyacht crew. Now, in a post-Covid-19 reality, VR has the potential to further benefit the superyacht

Read Full Article
Flagship: No show for yacht show, what’s the impact?

Flagship: No show for yacht show, what’s the impact?

Yacht show cancellations worldwide have left a calendar empty of almost all face-to-face events for the remainder of the year. One notable exception is the Fort Lauderdale International Boat Show, due to take place between October 28th – November 1st.

Read Full Article
MarineMax acquires SkipperBud’s, expanding to 20 new locations

MarineMax acquires SkipperBud’s, expanding to 20 new locations

MarineMax has acquired marine service company, SkipperBud’s, and its affiliate, Silver Seas, ex-panding MarineMax’s service area to 20 new locations. The move will “deepen the North-South-West connection [in the US] for both organisations and their customers”. With the acquisition, MarineMax

Read Full Article
Flagship: New Superyacht Eco Association Index set to make its mark

Flagship: New Superyacht Eco Association Index set to make its mark

The imminent global threat of climate change brings a rising tide of natural disasters, dwindling resources and disappearing species that requires action from all industries to curb. Superyachting is no different. Marine traffic is responsible for 18% of global emissions

Read Full Article
New Zealand’s closed borders ‘creating financial loss

New Zealand’s closed borders ‘creating financial loss

New Zealand’s closed border policy to guard against Covid-19 is creating significant financial losses to its superyacht sector, warns Duthie Lidgard, MD Catalano Shipping Services NZ. While the country has been relatively successful in combatting the virus, there is an

Read Full Article
GYG reports ‘positive momentum’ despite Covid-19

GYG reports ‘positive momentum’ despite Covid-19

Superyacht painting, maintenance and supply firm, GYG has released its interim results for the first half of 2020. The firm, which trades primarily as Pinmar, Pinmar Supply, and Technocraft, said it has positive momentum with a record order book going

Read Full Article
Sanlorenzo wins ‘Deloitte Best Managed Company’ award

Sanlorenzo wins ‘Deloitte Best Managed Company’ award

Superyacht builder Sanlorenzo has won the Deloitte Best Managed Company award for the third consecutive year. The prize is awarded by Deloitte every year to Italian companies that have stood out on the market. The firms are evaluated according to

Read Full Article
Closing borders to non-native crews ‘draconian’, says captain

Closing borders to non-native crews ‘draconian’, says captain

The shutting of Australian and New Zealand borders to all non-native yachts and crews is “draconian and unhelpful to say the least”, according to captain Iain Flockhart. He was reacting to the news that crews of hundreds of ocean-going yachts

Read Full Article
Southampton Boat Show cancelled on Covid-19 fears

Southampton Boat Show cancelled on Covid-19 fears

The Southampton International Boat Show has become the latest yachting event to fall victim to Covid-19, after the show was cancelled yesterday (September 10th). But next month’s Fort Lauderdale International Boat Show (FIBS) is still scheduled to go ahead as

Read Full Article

Superyacht Insight

Sign up for Superyacht Investor Email Insight

* indicates required