Press

IGY’s newest marina development may change the formula for superyachts in the Mediterranean… Island Group Yachting (IGY) has continued its expansion into the European marina market, with the announcement of a new superyacht marina development in the Andalucian city of more »

Astilleros de Mallorca shipyard has announced the opening of its new offices in Port Tarraco, Spain… Having established a new refit service location in Port Tarraco, Astilleros de Mallorca is now able to assist yachts with refit and repair solutions more »

The A1 yacht agency in Greece will be integrated under the BWA Yachting banner in 2022… BWA Yachting and A1 Group have recently signed a memorandum of understanding for the A1 yacht agency, as well as its technical and provisioning more »

A new Fraser report explores the brokerage performance and opportunities of the new build sector… In the recently published Fraser Insights & Indicators Report 2021, the respected brokerage house paints a picture of the performance of the new build market more »

Marina Port Vell Barcelona signs a collaboration agreement with Quirónsalud to offer healthcare coverage… Marina Port Vell Barcelona has recently reached a collaboration agreement with Quirónsalud, a leading hospital group in Spain and a major healthcare operator in Europe, whereby more »

Laurence Lewis, director of YPI Crew, on the effects COVID-19 and her predictions for the year ahead… In order to ascertain how the COVID-19 pandemic has impacted the crew recruitment sector, YPI Crew has had a look back over its more »

Palma Superyacht Show, which was due to take place in early May, will now be held from 3 – 6 June, says organisers. The team has cited health and wellbeing as a ‘fervent priority’. “As we continue to follow the more »

The change comes as part of the UK flag state’s wider commitment to modernise its services to seafarers… UK seafarers and seafarers working on UK-flagged vessels will benefit from new photocard-style certificates as the UK continues to drive forward maritime more »

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

Squircle Capital has acquired a 77.5% share of the Spanish superyacht refit yard Marina Barcelona 92 (MB92) today announced that Squircle Capital, a European alternative investment firm focused on private equity and value-add real estate investments, has acquired 77.5% of more »

The renowned refit shipyard in Barcelona has released a statement providing clarity on the fire at its facility… MB92 Barcelona has issued a statement relating to a reported fire at the yard. According to a spokesperson for the yard, “The more »

New marina to be constructed in Spain’s Andalusia region The City Council of Málaga and the Port of Málaga are developing plans to build a marina in San Andrés on the Spanish Mediterranean coast. The entire project would cost around more »

Falmouth, UK-based superyacht builder and refit specialist Pendennis Shipyard is expanding its Mediterranean presence further with the purchase of a majority stake in Vilanova Grand Marina in Barcelona, Spain. The company was already associated with Vilanova, as it is developing more »

The completed infrastructure represents a significant development for the larger sector of the superyacht refit market… Today, MB92 Barcelona has announced that its new 4,800-ton shiplift is fully operational. With the capacity to haul out up to nine superyachts of more »

The Superyacht Agency’s Intelligence team analyses the key metrics of this year’s event… This year marks the 29th edition of the Monaco Yacht Show, and the event looks on course to maintain its status as the superyacht industry’s premier gathering, more »

Project to build a new facility in Andalusia discussed by officials The local government of Andalusia has proposed to re-launch an initiative to build a new marina in Axarquía, on the Spanish Mediterranean Sea shore. The newly-formed coalition government, which more »

*Ray White Marine appointed exclusive representative for region Camper & Nicholsons Asia (C&NA), part of the global yacht services C&N group, has expanded its Asia Pacific office network with the appointment of Ray White Marine, headquartered at Marina Mirage on more »

With a proliferation of boat shows globally, MYS remains the primary shop window for the 30m-plus market… It is no secret that the superyacht market is now littered with boat shows. While many individuals throughout the market complain about the more »

After an incredibly successful 31 years, Pinmar announces the desire to explore new experiences… After much deliberation, it is with a heavy heart that Pinmar has decided that this year’s Pinmar Golf will be the last. After 31 years, the more »

The new platform from Camper & Nicholsons International aims to redefine the digital customer journey… Camper and Nicholsons International (C&N) has announced a technology merger with Hong Kong-based seafaring company Nowboat. The collaboration will see the launch of a unique more »

*Mike Busacca has received the Marine Industry Association of South Florida’s Award of Excellence Mike Busacca, chief operating officer at Fraser Yachts, picked up the Marine Industry Assocaition of South Florida (MIASF) Award of Excellence last month for his contributions more »

*The crowning sale was the 85m Lürssen-built M/Y Areti Monaco-based Fraser Yachts, part of Italy’s Azimut-Benetti Group, has announced the sale of nine yachts in just three weeks. The crowning sale was the 85m Lürssen-built M/Y Areti by Stuart Larsen more »

The launch was delayed from early April The Greek government has implemented its new cruising tax, also called the TEPAI, which was initially set to be introduced in early April. The news was issued by the UK-based Cruising Association (CA), more »

*Future challenges on the agenda In the wake of the recent successful Palma International Boat Show and the Palma Superyacht Show, a meeting of all relevant organisations has been arranged for May 20 to review the current state and future more »

The agreement confirms the extended occupation of the dock at La Ciotat Shipyards… MB92 La Ciotat announced today the signing of a contract with La Ciotat Shipyards extending its occupation of the 200m dry dock for another three years. The more »

*Charter firms with foreign-flagged vessels will be allowed to operate in Turkey this season after all – but at a cost The ban on foreign-flagged yachts operating as charter vessels in Turkey this season has been overturned, thanks to the more »

Yacht services provider has been operating on The Rock for 10 years through sub-agents Yacht services provider BWA Yachting has added Gibraltar to its global network with the opening of a new dedicated office. The move expands its Mediterranean spread more »

For the fifth consecutive year the Asociación Española de Grandes Yates (AEGY, Spanish Large Yacht Association) has prepared a report to track the development of the large yacht charter market in Spain. The Spanish charter market has seen impressive growth more »

*MB92 Barcelona’s energy management systems approved by Lloyd’s Register MB92 Barcelona, the Spanish superyacht refit and repair yard, has received its ISO 50001 certificate for energy management from Lloyd’s Register. The certification is in addition to the ISO 9001 and more »

*Commercial director Henk Dreijer appointed chief business development officer Superyacht refit and repair firm the MB92 Group has announced a series of structural changes in anticipation of its next phase of growth. The company says it is expecting increased activity more »

Balearic government seeks to maximise capacity of existing facilities As part of a review of the maritime sector of the Balearic Islands for the next 15 years a decision not to permit any new marina projects has been taken. The more »

The MB92 Group has become an exclusive provider of maintenance, repair and warranty work in Barcelona for new and existing Feadship customers The MB92 Group has been chosen to form part of Feadship’s new Services Network. Alongside Amico & Co, more »

New scheme applies to both domestic and foreign-flagged vessels As part of Greece’s strategy to expand and better manage its marine tourist sector, the country this week launched a new electronic registration scheme. This scheme has been launched by the more »

An information note sets out the position of the Spanish tax authorities under the UCC relating to yachting… On 10 October, 2018, the Department of Customs and Duties of the Spanish Tax Agency (AEAT) published an information note in which more »

Pendennis has announced a major investment in the Barcelona-based marina… Pendennis, the British superyacht new build and refit specialist, has announced a major investment in Vilanova Grand Marina, Barcelona. Vilanova Grand Marina has 49 superyacht berths available for vessels between more »

La Ciotat Shipyards awards 35-year concession for 4,000-tonne shiplift to MB92 An €84m investment in expanding its facilities was announced by La Ciotat Shipyards at the recent Monaco Yacht Show. The €84m included €64m for a new 4,000-tonne capacity shiplift more »

Following its acquisition last year by the MB92 Group, Compositeworks will undergo a rebrand… MB92 Group has announced that, following its acquisition of Compositeworks, the La Ciotat-based shipyard, of which it claimed a majority stake on 31 October 2017, a more »

Brokers offer their opinions on the summer 2018 charter season… As the Mediterranean charter season is in full swing, there have been murmurings amongst industry stakeholders that the charter market has been slightly depressed this year. This anecdotal evidence is more »

*Raphael Sauleau will head the Large Yacht Brokers Association for a three-year term Raphael Sauleau, CEO of Monaco-based Fraser Yachts, has been elected president of the Large Yacht Brokers Association (LYBRA). Sauleau replaces outgoing president Jonathan Beckett and will lead more »

*Marina Barcelona 92 will merge its activities in La Ciotat with Compositeworks SAS Marina Barcelona 92 (MB92) has signed an agreement with Blohm+Voss, part of the Lürssen Group, to acquire their remaining 51% stake in Blohm+Voss La Ciotat, the exclusive more »

*Industry professionals discuss the success of the sixth edition of the show… With the Palma Superyacht Show 2018 having come to a close last week, the sixth edition was proof of just how far the event has developed in its more »

*Yacht services provider opens new office in Barcelona’s OneOcean Port Vell marina Fraser Yachts, part of Italy’s Azimut-Benetti Group, has opened a new office in Barcelona. Located in OneOcean Port Vell marina, the new Spanish office will provide the full more »

*The move follows a ban on non-EU yachts visiting Greece for charter purposes With Greece gradually improving its economy and state finances, there is still need to generate more income to maintain the recovery that has started. Currently under consideration more »

Following the launch of the Pinmar Standard 2.0, industry experts discuss the function of paint standards… ‘Beauty is in the eye of the beholder’, as the saying goes, and this mantra can easily be applied to superyacht finishing. Therefore, measuring more »

The brokerage firm announces new commercial director and expansion plans in Asia… At a press conference at the Singapore Yacht Show, Camper & Nicholsons Asia announced its new commercial director, Bart Kimman. Previously at Northrop & Johnson, Kimman has been more »

The sixth edition of the Palma Superyacht Show will be held from 27 April to 1 May, 2018… Since its conception, the Palma Superyacht Show has brought a superyacht brokerage and charter focus alongside Boat Show Palma. With both shows more »

Company to work more closely with C&N Asia In a move that brings the two separately-owned Camper & Nicholson brand companies close together, it was announced today that the two businesses will be cooperating more closely. It was also made more »

In October 2013 the Spanish government made an amendment to the infamous “matriculation tax” which had prevented many superyachts from registering to charter in Spain. This change in legislation came about as a direct result of many years of lobbying more »

SuperyachtNews catches up with Justine Murphy following the launch of mymuybueno Cookery School… Palma-based food and lifestyle brand mymuybueno recently opened the newest division of its brand; the mymuybueno Cookery School. As well as offering introductory cooking courses for yacht more »

An additional 70 berths planned for Port Louis Marina in Grenada, along with new Scottish marina London, UK-based Camper & Nicholsons Marinas has announced an expansion of their Port Louis Marina in Grenada in the West Indies and have agreed more »

A clear message that Malta will defend its position was delivered at last week’s ‘Opportunities in Superyachts’ conference A very clear message that Malta will defend its position in the face of the EU challenge over tax and VAT related more »

Maltese industry claims France and Italy apply same principles in VAT collection A combined group of yachting associations and interest inside Malta have questioned the European Commission’s ruling last week that it was not levying the correct amount of VAT more »

*New Scottish marina the centrepiece of a £500 million waterside quarter development Camper & Nicholsons Marinas confirmed today that it had agreed terms with Edinburgh Marina Granton Harbour Limited to design, commission, manage and operate the new Edinburgh Marina, the more »

*Melita Marine Group, the Malta-based refit specialist, has expanded into Spain with a strategic acquisition.… Melita Marine Group, the Malta-based refit and engineering specialist, has expanded its facilities with the majority acquisition of ptw Shipyard Tarragona (PST) in Spain. PST more »