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The secret life of superyacht valuations

The secret life of superyacht valuations

Banks and financers are almost invariably needed to help the super-rich buy superyachts. No matter how deep your pockets are, you are unlikely to purchase a yacht without assistance. Being a billionaire does not necessarily equate to having, say, $30

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Superyacht Connectivity Report: Accessing the Internet at Sea

Superyacht Connectivity Report: Accessing the Internet at Sea

Where once yachting was about a lifestyle disconnected from the world, now for many a life without connectivity is a lifestyle not worth living. “Imagine a customer is chartering a superyacht for 200,000 euros a week,” said Umberto Gallo, CEO,

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Summer charter 2018: Season in review

Summer charter 2018: Season in review

Summer charter 2018: An “outstanding,” “but exhausting year” The 2018 summer superyacht chartering season has drawn to a close with focus now swiftly moving to the Caribbean. The overall impression of the 2018 season is resoundingly positive. Despite strong early

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Malaysian Admiralty Court requires $1 Million deposit to bid for superyacht ‘Equanimity’

Malaysian Admiralty Court requires $1 Million deposit to bid for superyacht ‘Equanimity’

Photo Courtesy of Burgess Yachts The bidding process for the impounded yacht Equanimity will begin on Monday 29th October in Malaysia and require a deposit of 1 million-dollars. Lawyers representing the government fund 1Malaysia Development Berhad (1MDB) met with Judicial

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UPDATE: 1MDB lawyer on legal issues with sale of Equanimity

UPDATE: 1MDB lawyer on legal issues with sale of Equanimity

It is not every day that superyachts are sold in execution, but that of the confiscated yacht  Equanimity set to be completed in Malaysia in November or December is expected to be completed smoothly through a sealed-bid auction. The only

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What yachts are brokers bringing to Monaco?

What yachts are brokers bringing to Monaco?

Today is the first day of the Monaco Yacht Show. All eyes are on Port Hercules, Monte Carlo as 120 superyachts from across the world are berthing at the harbour. Brokers generally have some of the biggest stands at Monaco,

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Cybercrime is one the biggest emerging risks facing superyacht owners

Cybercrime is one the biggest emerging risks facing superyacht owners

As vessels become increasingly more technologically advanced, so do the criminals who can hack in and take control of the vessel’s telephone, CCTV, Wi-Fi and navigation systems in a matter of seconds. They can also wipe out vast quantities of

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Is ‘Yacht finance’ a dirty term?

Is ‘Yacht finance’ a dirty term?

Leon Batchelor, Arc & Co Marine & Aviation talks to us about the perception of yacht finance. Where am I going with this question?…. I would imagine that for most, it’s not a question that would naturally spring to mind

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AMELS delivers first hybrid and world’s first Tier III superyacht

AMELS delivers first hybrid and world’s first Tier III superyacht

Dutch luxury superyacht builder AMELS has successfully delivered VOLPINI 2, a 57.7 metre (188ft) Limited Editions yacht. The yacht is the first delivery of the new AMELS 188 design, the world’s first Tier III compliant new build yacht and the

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M/Y Equanimity to be returned to owner

M/Y Equanimity to be returned to owner

Malaysian financier Jho Low’s 92-meter superyacht will be returned to its owner after an Indonesian court ruled that the U.S Department of Justice’s seizure in February was deemed illegal. Indonesia’s South Jakarta State Court claimed that the yacht was not

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