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A 0.5 per cent IPSI rate could be applicable to charters instead of the 21 per cent VAT rate… Since 2019, the Port Authority of Melilla has been proactively seeking to attract superyachts and make the most of the port’s more »

With demand for second-hand vessels and charter high, will the market suffer from a lack of capacity in 2021? With reports highlighting an incredibly active year for the brokerage community in 2020 – as well as various stakeholders suggesting a more »

In a recent notice published by HMRC – Notice 8: sailing your pleasure craft to and from the UK boat owners are being told to carry ‘documentary evidence supporting VAT status . . . at all times’. This is because, post-Brexit, owners more »

An update for superyachts in France concerned about the French Commercial Exemption’s 70 per cent of trips rule… In response to threatened sanctions imposed by the European Commission, the French government amended the criteria for benefitting from a VAT exemption more »

The yard’s stringent procedures against COVID-19 mean refit activity can continue apace… Following Spain’s national lockdown in response to the COVID-19 pandemic earlier this year, MB92 Barcelona made the decision to close its facilities for four weeks from 16 March more »

Superyacht refit and repair shipyard, MB92 Barcelona has been given approval by customs authorities for their facilities to be an officially recognised bonded store (DAP). To support the RPA service already available, clients will now be able to unload items more »

ANEN, Spanish association of nautical companies (shipyards, charter companies, marinas, clubs, ect.) and AEGY, Spanish Superyacht Association, have joined forces to strengthen the role of Spanish recreational yachting and claim its important economic role. Through AEGY, the most important international more »

Complete Marine Group is now part of AEGY (Spanish Superyacht Association). The group is comprised of two companies: Complete Marine Freight, specializing in superyacht global transport logistics (sea, land and air); and EYOS Tenders & Toys, superyacht company specializing in more »

A 50-year licence is available to the winning bidder Bids are reportedly coming in from specialist investors in maritime construction projects to develop the new 500-berth San Andrés marina in Huelin, Malaga, around 50km northeast of Marbella on Spain’s Costa more »

Philippe Escousse has been appointed the site manager for 300t Origins… MB92 La Ciotat has today announced the creation of a dedicated refit facility serviced by a 300-tonne travel lift within the MB92 La Ciotat shipyard called ‘300t Origins’. The more »

As the financial markets have recovered, so too has the brokerage market, proving that client desire remains strong… A series of recent wealth reports have shed light on the rapid recovery of UHNW wealth globally. However, many of the pervading more »

More than 35 companies have confirmed their attendance at the first virtual boat show in the Balearic Islands. With just over a month to go, the Balearic Yacht Show (November 18-20) will be a fully online event with exhibitors representing more »

On the day that the 30th Monaco Yacht Show (MYS) was due to open, the event’s organising team have issued a statement which highlights research undertaken which, it is hoped, will result in an even more appealing show than usual more »

The ambitious three-phased project was achieved in collaboration with Langan Design… While marking its 75th anniversary in 2017, Astilleros de Mallorca was selected as the shipyard of choice for the ambitious refit of 74m Cocoa Bean alongside Langan Design Partners, more »

Italian authorities have delayed the application of a new VAT system on charters until November 2020… In 2019, the European Commission announced that the application of VAT on charters as practised in Italy, France, Malta, Cyprus and Greece would no more »

New government measures represent a significant financial contribution La Ciotat Shipyards in the South of France has unveiled a range of price cuts in order to boost the start of the 2020/21 refit season. The move comes after the local more »

The Monegasque firm is the first yachting company to sign the pact Fraser Yachts has signed the official National Pact for Energy Transition (Pacte National pour la Transition Énergétique) with the Monaco government, making it the first yachting company to more »

New hybrid event planned for November METSTRADE 2020, which will run from 17-19 November in Amsterdam, is still on track, according to organisers the RAI, who today unveiled new initiatives to ensure a safe and successful show. A statement released more »

In response to increasing demand, BWA Yachting is expanding operations in Northern Europe… BWA Yachting is expanding its operations into northern Europe by opening offices in Norway and Denmark, to assist yacht captains looking to explore new and exciting cruising more »

Now known as Marina Port Ibiza, the marina joins the IPM-IMG Group portfolio… With a change of concession and management, the former Ibiza Magna is now to be known as Marina Port Ibiza. The marina has become part of the more »

Organiser issues statement Organisers of the Monaco Yacht Show, Informa Markets, has announced this morning that the 2020 Monaco Yacht Show is to be cancelled. The organiser has released the following statement: ”Over recent weeks, Informa Markets has been in more »

New ruling applies to yachts with crew only onboard The Maltese government has introduced a new ruling that lifts the travel ban relating to yachts calling in Malta with crews only onboard. This will allow yachts to use Malta for more »

The company was launched after BWA received a growing number of requests for remote yachting experiences… With a growing number of yacht owners looking to venture to more remote destinations, BWA Yachting has launched Berkeley Rand to design and engineer more »

In a positive sign, the French and Spanish maritime sectors have this week relaxed their Covid-19 restrictions on boating activities In a positive sign, the French and Spanish maritime sectors have this week relaxed their Covid-19 restrictions as the respective more »

Burgess’ head of charter mangement considers the current state of the charter market and the outlook for chartering in the near future… “We had a very good start to the year in terms of new business and charter yachts coming more »

The Italian Ministry for Transport published its guidelines for marinas, recreational sailing, charters and diving on Sunday – the same day that leaders from the Italian boating industry association, Confindustria Nautica, took part in a virtual press conference focusing on more »

New measures came into effect today The Greek Maritime Ministry has announced new regulations for the operation of yachts and pleasure craft which come into force today and will last through to June 15, 2020. The Ministry statement about the more »

An exclusive interview with Group President and CEO Pepe García-Aubert… The MB92 Group has reopened its Barcelona and La Ciotat sites. Works recommenced on 14th April, under strict protective parameters, and in line with both Spanish and French government regulations. more »

Global Yachting Group has also restarted operations in Spain Global Yachting Group (GYG), a listed superyacht painting, supply and maintenance company, has given details of changes to its repayments schedule for a €4m loan which was due to be paid more »

Fraser Yachts CEO Raphael Sauleau discusses the short-term and long-term impacts of COVID-19 on the industry… It is undeniable that the COVID-19 pandemic is having a major impact on how yachts are being used in the short term, with many more »

HFW, the superyacht legal specialist, shares its advice on force majeure and various impacts on industry sectors… The yachting industry, like most, has been hit hard by the rapid spread of the coronavirus disease 2019 (COVID-19) across Europe and America. more »

SILENT class notations from DNV GL are designed to address growing levels of noise from operations at sea… Fish and marine mammals rely on sound to communicate with each other, locate prey and navigate over long distances. These and other more »

Confusion remains over how Greece will implement the system and whether it will be operational by summer 2020… Greece’s new VAT rules are in accordance with the European Union’s directive and are the same rules that have been applied in more »

An institutional visit to STP Shipyard Palma communicated the value of the industry for the local economy… The Balearic nautical industry was the focal point of a recent institutional visit by the Vice President of the Government and Minister of more »

Astilleros de Mallorca will serve IGY customers cruising in the Mediterranean Palma-based Astilleros de Mallorca, one of Spain’s leading superyacht refit and repair firms, has become a member of the IGY Superyacht Vessel Support Network, meaning it will now service more »

Following a market research project about the region, The Superyacht Agency shares some of its findings… The Balearic region is a well-established superyacht hub that has a reputation for varied cruising and quality refit and berthing infrastructure. In order to more »

*Tarragona’s Port Tarraco Marina offers berths of up to 160mç OCIBAR, the Spanish marina management company, has significantly expanded its operation with the acquisition for an undisclosed sum of the Port Tarraco superyacht marina in Tarragona. The purchase was made more »

The Spanish Large Yacht Association (AEGY) has produced its sixth annual report on the state of the charter market in the Balearics, and reports are generally promising. The AEGY was instrumental in convincing the Spanish government to make changes in more »

AEGY has published its Economic Impact of Large Yacht Charter in the Balearics report for 2019. AEGY, the Asociación Española de Grandes Yates, was established in 2013 to represent the needs of companies in the superyacht sector in Spain. It more »

*Small and medium-sized power sector remains engine room for growth, while charter sector sees rebound too Spain’s recreational boat market saw a 9.65% increase in boat registrations in 2019 (6,080) compared to 2018 (5,545). Of the total registrations, 4,518 were more »

An on-going research project will inform a long-term investment strategy for the superyacht hub… With increasingly accessible cruising and growing refit and berthing infrastructure, the Balearics Islands have been firmly established as a year-round superyacht destination. In order to develop more »

Facility now offers 227 berths up to 90m A major expansion of Port Louis marina has recently been completed by Camper & Nicholson Marinas (CNM). The expansion, to meet growing demand and completed at an undisclosed price, includes an additional more »

*Four new appointments position US yacht refinisher for further growth US yacht refinisher Pinmar has announced a number of personnel appointments in the wake of its new facilities at Savannah Yacht Center (SYC) on the US east coast coming fully more »

How must the business of management evolve to better suit the requirements of superyacht owners? As the superyacht market continues to professionalise and drive towards a level of maturity that is sufficient to ensure that owners and charter guests enjoy more »

Day two of The Superyacht Forum 2019 will explore how we must adjust to attract the next generation of owners… Day two of The Superyacht Forum will this year focus on the future of superyacht ownership. Findings from The Superyacht more »

*The spectre of ocean ecosystem collapse is pushing the agenda at the industry’s two key autumn events…The rate at which the ocean sustainability movement has accelerated within the superyacht industry is profound. I often find myself revisiting an old anecdote more »

*Sebastien Bernard joins the Phuket office as sales bróker Camper & Nicholsons Asia has announced Sebastien Bernard has joined the Phuket office as a sales broker. https://www.ibinews.com/people/candn-asia-expands-sales-team/34971.article?utm_medium=email&utm_campaign=Weekly%20IBI%20Daily%20News%20Email&utm_content=Weekly%20IBI%20Daily%20News%20Email+CID_d704a1cf40f2366cfe3326a2140ac214&utm_source=Campaign%20Monitor%20emails&utm_term=CN%20Asia%20expands%20sales%20team C&N Asia expands sales team _ News _ International Boat Industry