There will be positives we can draw from this (April 16, 2020)

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 itineraries likely to be put on hold for the coming weeks or even months. With over 160 yachts under its yacht and charter management, Fraser Yachts is advising owners on how best to navigate the continuously evolving situation. Speaking exclusively to SuperyachtNews, CEO Raphael Sauleau reveals that there hasn’t been any mass panic just yet.

“Understandably some owners are worried and uncertain – no one knows what will happen so it is quite challenging trying to figure out an action plan,” explains Sauleau. “Some owners have already decided to lay up their boats over summer, but this is only a few to date. The majority of owners are simply keeping their yachts where they are and waiting to see what will happen. Everyone is still hoping for a bit of summer to play with, so most owners seem happy to keep their yachts on standby to use as soon as they can.”
Fraser Yachts is currently recommending its yachts to postpone any crew movements for the time being, for both health and logistical reasons. In terms of crew redundancies, the team hasn’t seen any drastic measures being taken yet, as owners seem to be motivated to preserve their crew. However, if the crisis goes beyond the summer, Sauleau admits they will probably start seeing requests to reduce the numbers on board, like any business would have to. – Owner – ‘There will be positives we can draw from this’

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