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Tag "Flagship"

No second wind needed for new build sector

No second wind needed for new build sector

The superyacht industry looks buoyant. Despite rising inflation, sanctions, worries of an impending global recession and the looming prospect of the sales bubble bursting, yacht builders continue to report positive financial results – and there are no signs of it

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Yes, we Cannes

Yes, we Cannes

There is nothing quite like the French Riviera at this time of year. In Cannes, Vieux Port (pictured) and Port Canto this week welcomed more than 600 exhibitors, 650 boats and 54,000 visitors to the Cannes Yachting Festival 2022. The

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Why superyacht investors should put their money on green

Why superyacht investors should put their money on green

A green tide is rising. For evidence, look no further than next week’s Cannes Yachting Festival, where the new Green Route initiative will showcase environmental innovation. Whilst the superyacht industry is far from a leading polluter, pressure to cut the

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Hammer time for seized yachts

Hammer time for seized yachts

We all love a bargain. Many were looking for one this week, as brokerage Howe Robinson Partners auctioned the seized superyacht Axioma in Gibraltar. The yacht belonged to Russian oligarch Dmitry Pumpyansky, who found himself on sanctions lists earlier this year. But

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Testing positive

Testing positive

Reporting a positive result has a slightly different connotation in a post-pandemic world, but there is only good news coming from publicly listed companies. Unlike private companies – which can bluff their way through tough markets – listed ones have

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Russian yachts are having a Rotter-dam

Russian yachts are having a Rotter-dam

Imagine spending €1.654bn ($1.682bn) on superyachts. What would your investment buy? One answer is 26 luxury vessels. That is the combined value of 24 yachts under investigation by the Dutch customs authorities in connection with Russian ownership plus a further

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Superyacht berth rates

Superyacht berth rates

Marinas are on the frontline of the yachting boom. More superyachts mean more superyacht berths are needed in ports around the world, particularly in evergreen yachting hubs such as the Mediterranean. According to the Superyacht Times’ State of Yachting report,

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Old is gold

Old is gold

While many are enjoying the superyacht industry’s new Roaring Twenties of the 21st Century, 100 years ago, revellers were donning pin-stripe suits or flapper dresses, dancing the Charleston and cruising aboard wooden superyachts. Today, the restoration of those classic superyachts

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Sharing is sparing (on costs)

Sharing is sparing (on costs)

There are lots of industry sceptics when it comes to yacht co-ownership. But brokerage, management and co-ownership specialists, Floating Life and SeaNet do not care. They are too busy dealing with prospective customers. “Not only have we seen more enquiries

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Smoke on the water

Smoke on the water

In 1971, one of rock’s greatest ever guitar riffs was conceived after a fire incinerated a venue on the Lake Geneva shoreline. Today, however, smoke on the water is less Deep Purple and more different shades of blue, as reports

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