SuperyachtNews

25/07/2024

The Superyacht Group recently interviewed Stephen Hills, Commercial Director of Pendennis Shipyard Ltd , to learn more about the significant investments made in their Falmouth facilities.

For over 35 years, Pendennis’ state-of-the-art facilities in Falmouth and subsequent investment into Vilanova have delivered stunning superyacht projects, including classic restorations, refit improvements for modern yachts, and bespoke new builds.

Their advanced superyacht refit complex features a 150-metre covered dry dock, two 90-metre fit-out halls, a 45-metre fit-out hall, a wet basin with a 100-metre berth, and an 800-tonne travel hoist for moving yachts from the basin to the refit halls.

Pendennis has designed its current buildings to support its operations. They continually seek improvements through investments in digital manufacturing and enhanced efficiency to better care for their yachts as they advance into the future.

Click here to discuss your project and find out more about Pendennis Shipyard: https://bit.ly/3LyWFFb

25/07/2024

Is the future of maritime remote?

While AI is impacting many elements of our lives, robotics capabilities are also advancing at breakneck speed.

As the capabilities of technology to perform real-world tasks such as self-driving cars, writing or even creating art continue to evolve, inevitably, these advancements will also extend to the maritime world.

Click here to find out more > https://bit.ly/3WMlDrr

While AI is impacting many elements of our lives, robotics capabilities are also advancing at breakneck speed

18/07/2024

The Superyacht Group recently interviewed Stephen Hills, Commercial Director of Pendennis, about the company’s apprenticeship programme that has been thriving for over 25 years.

At Pendennis Shipyard Ltd, their people drive their success. With over 550 highly skilled staff across three locations, they have built a workforce capable of handling the most technically demanding refit, restoration and bespoke build projects for their clients.

Currently, a third of Pendennis’ employees have gone through their apprenticeship and development programme. This initiative has enabled them to offer permanent positions to all apprentices upon completion, with a retention rate of over 90%.

Pendennis’ senior management team brings a wealth of experience from international careers, and their specialists excel across all trades, making the delivery and ex*****on of complex projects appear seamless and straightforward.

For more information about Pendennis's investment in people or to discuss more, click here > https://bit.ly/3LyWFFb

16/07/2024

Private To Commercial...

The Feadship Broadwater left the facilities of Huisfit after an extensive and successful conversion of her interior and exterior. The most impressive aspect accomplished is the extension of the hull, which transformed the yacht’s exterior appearance.

The owner of Broadwater: “Entirely recreated in 2020 by Dutch masters Royal Huisman, her Feadship pedigree shines on.”

Click here to receive the Whitepaper > https://bit.ly/3VPdMaK

09/07/2024

Her Pedigree Shines On...

Huisfit offers solutions for various types of conversions: lengthening hulls, adding carbon composite or aluminium superstructures, transforming racers into luxury yachts, and complete replacement of interiors.

The schooner Athos underwent a major conversion by Huisfit, involving updates to the interior and exterior, including extending the stern, redesigning cockpits, adding a navigation deckhouse, and installing new sails and rigging.

Huisfit’s capability and reputation for quality led to obtaining the project. For the owner, it was a bonus to take Athos back to the location where she was originally built in 2010, now Huisfit’s Amsterdam deep water refit facility.

Click here to receive the Whitepaper > https://bit.ly/3VPdMaK

27/06/2024

OUT NOW!

The Superyacht Group are proud to announce the launch of The Superyacht Report Captains Focus.

The Superyacht Report Captains Focus is the must-read edition for Captains, Senior Crew and onboard decision-makers within the superyacht industry.

In this edition, The Superyacht Report delves into the multifaceted realm of the industry's operational forefront.

As our Captains Focus issue for 2024, we cover a spectrum of topics crucial to those steering the ship, including:

- Who Captains the Captains?
Our senior crew go through the majority of their careers mastering the technical aspects of the industry, but what can we learn from the leadership training acquired from a career in the British Royal Navy?

- A view from the bridge: The Captains and Senior Crew Sentiment Report
The Superyacht Intelligence team surveyed a sample of active captains and senior crew from around the world to understand their sentiments on the changing superyacht landscape, as well as share their perception towards the future of the industry.

- Aye-AI captain!
The integration of artificial intelligence into yachting is no longer a fancy notion, but an exciting and imminent reality – and its potential across all departments is vast and transformative.

- Crew blueprint for a greener footprint
TSG breaks down recent initiatives aimed at supporting crew to implement better practices to reduce environmental impacts on board, and to keep this sustainability approach at the forefront of their minds.

- Fighting off the hidden pirates
Physical attacks on yachts are no longer necessary to extort money, so with onboard systems increasingly vulnerable, what is being done to keep cyber criminals at bay? We speak with Bruno Frati, CEO of MY DPO, about the challenges, and explore recent cases of cyber attack.

- Beyond the basics
As the industry finds itself at a pivotal moment in its approach to crew training, is the quality of teaching keeping pace in an ever-evolving technological landscape?

It’s a report for a reason, driving strategies within the industry for 30 years!

Click here to read the report online > https://bit.ly/3NsKsDt

Secure your Essential Membership today if you haven’t already done so! > https://bit.ly/4aaLiyF

25/06/2024

What do CEOs really think?

The Superyacht Group are seeking valuable input and candid insights from our industry leaders, CEOs, investors, entrepreneurs, and business owners of all sizes, intending to measure the performance and sentiment of those key individuals driving the yachting industry forward.

Over the next ten years, topics like geo-political stability, supply-chain fragility, wealth inequality, wealth transfer, sustainability and eco-protests, interest rates and finance, purposeful profitability, succession planning, workforce and skills shortage, ESG reporting and exit plans will all become a key part of our business leaders’ internal discussions.

By participating in this Superyacht Sentiment Survey, you will be entered into a prize draw for a chance to win €30,000 worth of Intelligence Consultancy Services with our team of analysts and consultants at The Superyacht Agency.

Your insights and opinions are essential in exploring the future of the Superyacht Industry.

Click here to complete our short survey > https://bit.ly/3XCn3Fq

24/06/2024

Understanding the process of how annual energy demand translates to yachting’s impact on the environment is essential in order to mitigate it…

Join the upcoming episode of Water Revolution Foundation Webinar Series to explore the scientific basis of the Yacht Environmental Transparency Index (YETI), focusing on Energy Sources, LCA, & Environmental Parameters!

📅 Date: Thursday, 27 June, 2024
⏰Time: 15:00 - 15:45 CEST
📍Location: Zoom

Key Topics:
➡️ Translating yachts’ energy demand and sources (fuel, shore power, sail power, solar power) into ecological impact
➡️ Utilising EcoPoints & the ReCiPe Life Cycle Assessment (LCA) methodology
➡️ Going beyond CO2 & greenhouse gases in anticipation of stricter environmental legislations

Don’t miss out on the chance to hear from environmental experts working with Water Revolution to bring deep scientific knowledge of the assessments behind YETI.

RSVP now: https://bit.ly/3xH4MMC

19/06/2024

Flagging the Fleet – convenient or inconvenient?

Choosing which Flag to build and operate your superyacht under is an important decision and has consequences and impacts if you don’t do your homework …

Our Superyacht Intelligence Consultancy is conducting a strategic research project to assess the convenience of different Flag jurisdictions and gather input on desired changes and improvements.

We seek opinions from Captains, Designers, Surveyors, Builders, Brokers, Owners and their Advisors on the superyacht Flagging process. The survey aims to understand diverse perspectives, the value of different Flags and their administrative procedures to enhance and future-proof the process.

We welcome input regardless of your current or past Flags, including Cayman, Malta, Bermuda, the US, the UK, St Vincent or the Marshall Islands.

Your insights on flagging processes, jurisdiction value and potential improvements are highly valued.

Click here to fill in our short survey and have your say on the state of the Flag sector > https://bit.ly/3xvApsr

22/05/2024

Marina Developments: Insights into Central America and the Caribbean…

What are your sentiments on marina developments in Central America?

Are there any amenities or services that are needed or missing from marinas in that region?

As we explore developments in the yachting infrastructure within Central America, The Superyacht Group would like to invite Captains, Senior Crew, Charter Brokers, Yacht Agents, Yacht Managers, Owners and Owner’s Representatives in our community to take part in an editorial and intelligence survey on marinas and cruising experiences within the region.

Your insights are invaluable and crucial in identifying what truly matters when it comes to enhancing marina developments, and allow us to accurately support the superyacht industry in this vibrant region.

Click here to complete our short survey > https://bit.ly/3QUYBv2

16/05/2024

‘We must be proactive on crew welfare’

First appearing in The Superyacht Report - New Build Focus, Charles Boyle, Director of Legal Services, Nautilus International, says regulations compliance isn’t enough and that crew welfare must take priority.

The Maritime Labour Convention (MLC) mandates standards for seafarer accommodations, with recent changes requiring social connectivity and improved internet access onboard.

The UK's Tripartite Working Group ensures implementation flexibility for vessels, prioritizing crew preferences. However, the industry must go beyond mere compliance and take proactive steps to enhance crew well-being.

Nautilus International continues to advocate for the advancement of crew welfare.

Click here to read more > https://bit.ly/4duX4FD

Charles Boyle, director of legal services, Nautilus International, says regulations compliance isn’t enough – crew welfare must take priority

15/05/2024

The Superyacht Group recently spoke with Miquel À. Lliteras, General Manager at Pendennis Vilanova, to delve into the services offered by Pendennis Vilanova.

Located just outside of Barcelona, Pendennis Vilanova offers yachts easy access to a modern 48-berth marina and technical service centre in the heart of the Mediterranean. A flexible approach and on-site facilities provide the perfect solution for any yacht, whether looking for a brief pit stop, a longer-term berthing option or the ability to conduct a Mediterranean-based refit.

At Pendennis Vilanova, they excel in organising a wide range of services within their facilities, technical marina and shipyard. This flexibility allows clients to choose between collaborating directly with Pendennis Vilanova or utilising their contractors.

Should the client choose to engage Pendennis Vilanova, they can take advantage of various services by their skilled trade departments, encompassing engineering, electrical work, carpentry, and painting. Alternatively, clients can also benefit from the expertise of Pendennis Vilanova’s carefully selected in-house contractors.

For more information on Pendennis Vilanova or to discuss your project, click here > https://bit.ly/49UrOwT

14/05/2024

Do you ever wonder what the superyacht market thinks of your company? Are you considering a rebrand or an expansion into a new region? Do you reflect on what your client thinks of you relative to your competitors?

Great decisions don’t start with assumptions, let us provide the answers.

Utilising a mixture of qualitative and quantitative research, we conduct intelligence surveys and interviews to understand how your brand is perceived.

This analysis can lead to the repositioning of marketing messaging, rebranding projects or key business decisions on where to invest more marketing spend to align with your business goals.

The Superyacht Agency’s team of brand strategists and creatives is bolstered both by extensive experience of the superyacht and UHNWI luxury spaces, and by a track record of delivering stand-out brands and extensions for clients such as One Ocean Port Vell, Christophe Harbour St Kitts, Porto Mirabello La Spezia, MB92, Feadship, the Red Ensign Group, and many more.

Click here to enquire today > https://bit.ly/44AUaer

09/05/2024

The blue carbon investment

Last year was the hottest on record for the world’s oceans, so how can blue carbon initiatives from the superyacht community help protect them?

Rising ocean temperatures, reaching record highs in 2023 for the fifth consecutive year, threaten marine ecosystems, worsened by issues like plastic pollution and coral bleaching. Despite yachting's reliance on oceans, it contributes to localized damage.

However, oceans are vital for oxygen production and carbon absorption, underscoring the need for their protection.

Investing in blue carbon regeneration, like seagrass beds and coral restoration, offers solutions to mitigate emissions and preserve biodiversity.

Collaborative efforts between organisations like International Seakeepers and Yachts for Science aim to advocate for conservation and fund restoration projects.

Recognising oceans' importance in sustainable development, initiatives like the UN's SDG 14 and the Decade of Ocean Science stress the urgency of safeguarding marine environments. Supporting these efforts ensures a healthy future for oceans and their dependent communities.

Click here to read more > https://bit.ly/3UfxkEj

Last year was the hottest on record for the world’s oceans, so how can blue carbon initiatives from the superyacht community help protect them?

07/05/2024

Superyachts are one-of-a-kind products, making it very challenging to identify patterns in their operations… but with YETI, there’s a way.

Uncover YETI logic by joining Episode 2 of the Water Revolution Foundation Webinar Series - Operational Profile, Propulsion, & Hotel Energy Consumption!

📅 Date: Tuesday, 14 May, 2024
⏰ Time: 15:00 - 15:45 CEST
📍 Location: Zoom

After a successful first session laying the groundwork for the Yacht Environmental Transparency Index (YETI), Water Revolution Foundation will now be delving into the technical complexities of this leading industry method.

What will be explored?
➡️ YETI’s core methodology
➡️ The standardised operational profile used to ensure fair comparisons
➡️ Speed-power characteristics for quantifying energy demand
➡️ A pioneering way to determine hotel load power prediction

Hear from technical experts and leading industry players involved in the YETI joint industry project as they go beyond the basics…

RSVP by the 10th May to secure your participation - https://bit.ly/3wf1Qq9

07/05/2024

Shedding the tents

Cantiere Rossini’s Alfonso Postorino discusses the yard’s new state-of-the-art wooden painting sheds…

During YARE 2024, Alfonso Postorino, the shipyard director of Cantiere Rossini, showcased their cutting-edge 70-meter painting sheds, emphasizing their strategic location in Pesaro near other major yacht-building yards.

These sheds, designed with sustainability in mind, offer superior conditions for painting vessels compared to traditional cocoons.

They feature advanced insulation, renewable energy heating systems, and precise temperature and humidity control, ensuring optimal working conditions and superior results.

Postorino highlighted the substantial cost savings compared to using cocoons and emphasized the economic advantages of their advanced system.

The sheds' construction began in 2020 and involved prefabricated wooden elements, leading to swift assembly and a 20% cost savings compared to standard sheds.

Looking ahead, Cantiere Rossini plans further investments abroad, promising continued advancements in the refitting industry driven by technology and sustainability.

Click here to read more > https://bit.ly/44eCTHI

Cantiere Rossini’s Alfonso Postorino discusses the yard’s new state-of-the-art wooden painting sheds

30/04/2024

The Superyacht Group interviewed Toby Allies, the Managing Director of Pendennis, who explores the synergy among Pendennis's trio of enterprises: Pendennis Falmouth, Pendennis Vilanova, and Northfolk Interiors.

Pendennis Shipyard Ltd, renowned for its expertise in luxury superyachts, specialises in custom build and comprehensive refit ventures at its Falmouth, UK base. Whereas Pendennis Vilanova in Spain offers flexible berthing options at its 48-berth superyacht marina, and the opportunity to conduct Mediterranean-based refits.

Toby elaborated on the significance of mutual support among the different businesses. Notably, they have observed projects originating in Vilanova, with the relationship established at the marina there, seamlessly transitioning to their UK home base in Falmouth for more extensive refit or restoration endeavours.

Both entities collaborate seamlessly with Norfolk Interiors, where not only do projects in Falmouth benefit from Norfolk’s craftsmanship and creativity, but also new construction enquiries stem from the longstanding designer relationships cultivated by Norfolk over the years.

Click here to discuss your project and find out more about Pendennis Shipyard > https://bit.ly/49UrOwT

26/04/2024

Perfecting the Pendennis trifecta

From the Cornish shoreline to the blue waters of the Mediterranean, the Pendennis Group continues to build on a three-decade-old craftsmanship legacy…

Pendennis Shipyard Ltd encompasses three entities: Falmouth Shipyard, Pendennis Vilanova, and Norfolk Interiors, each contributing distinct expertise to yacht construction, refits, and interior design.

Falmouth is renowned for its state-of-the-art facilities and skilled workforce, catering to diverse projects. Vilanova, situated in the Mediterranean, offers premier services and recently hosted the America’s Cup regatta. Norfolk Interiors specialises in luxurious yacht interior design, collaborating seamlessly with the other two entities.

While each entity within the Pendennis Group offers distinct capabilities, it is their synergy that sets the Group apart for clients’ needs. The Group prioritises training and development and continually seeks innovation to enhance its operations.

With a rich history of contributing to remarkable superyachts, Pendennis Group aims to continue its success through collaboration and advancement.

Click here to read more > https://bit.ly/3QjTRP3

25/04/2024

Billion in the Balearics.

Some key findings have emerged in a report, revealing insights into the billion-euro local nautical sector at the inaugural Balearic Superyacht Forum…

The Balearic Superyacht Forum highlighted the economic significance of the Balearic nautical sector, generating over €1 billion annually.

The sector comprises 879 companies, creating 5,145 jobs and representing 3.1% of the Balearic Islands' GDP. Key points include the dominance of industrial activities, concentration of revenue among larger enterprises, and above-average salaries.

The Forum addressed sustainability, innovation, and collaboration, discussing infrastructure, housing shortages, and extending the tourist season.

Upcoming events include discussions on global challenges and presentations from start-ups, culminating in a VIP experience at the Palma International Boat Show.

Click here to read more > https://bit.ly/3UcSqmJ

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24/04/2024

The Superyacht Captains Report coming soon…

The Superyacht Captains Report is the must-read edition for Captains, Senior Crew and onboard decision-makers within the superyacht industry.

In this edition, The Superyacht Report delves into the multifaceted realm of the industry's operational forefront. As our Captain’s Focus issue for 2024, we explore a spectrum of topics crucial to those steering the ship.

From examining available leadership training for Captains and senior crew to understanding the implications of WRF’s crew sustainability deadlines, we dissect the challenges of leadership, sustainability and more.

With the Superyacht Captains Report fast approaching, we would like to ask Captains and Senior Crew members in our community to fill in our short survey where we ask for your valuable insights on the changing superyacht landscape and how you perceive the industry adapting for the future.

Click here to complete our survey > https://bit.ly/3w7qEQx

23/04/2024

With less than 24 hours to go until The Balearic Superyacht Forum, the countdown is on!

Organised by The Superyacht Group and the Balearic Marine Cluster, the Balearic Superyacht Forum is the key event in the Balearic Islands that looks to conduct a strategic think tank and experiential event in Palma, taking place tomorrow.

This event will deliver the perfect opportunity for the exclusive and high-quality VIP network to build solid relationships with the main stakeholders of the Balearics and the Balearic Marine Cluster.

Prepare yourselves for what will be an incredible event.

See you there!

22/04/2024

Touted by many as a vital part of the solution to achieving carbon neutrality, is carbon capture a panacea or a technological pipedream? …

Carbon capture, use and storage (CCUS) is often lauded as a silver-bullet solution. This is due to its capability to remove carbon dioxide from the atmosphere, making a positive contribution to achieving net zero.

However, the high costs involved, along with the relatively small quantities of carbon captured, raise questions about whether it is the solution we hope it to be.

CCUS faces challenges like high costs and weak policies and therefore the focus should be on reducing emissions rather than solely relying on CCUS.

Click here to find out more > https://bit.ly/3JboH8O

Touted by many as a vital part of the solution to achieving carbon neutrality, is carbon capture a panacea or a technological pipedream?

19/04/2024

Refitting for the inevitable future.

Feadship’s Pier Posthuma de Boer and Giedo Loeff discuss the pathways to the decarbonisation of the existing superyacht fleet…

The journey towards decarbonising the superyacht fleet has begun to take off in earnest. If we consider the entire marine sector’s goal of achieving net zero emissions by 2050, it’s fair to say that our progress so far has been slow.

While the shipping sector has made strides with infrastructure and regulations, the superyacht industry lags.

Innovative new-build projects showcase progress, with vessels like Project Zero and Project Cosmos leading the charge toward low-emission yachts.

However, retrofitting existing vessels presents a significant challenge due to their design and reliance on fossil fuels.

Feadship’s Pier Posthuma de Boer and Giedo Loeff discuss the pathways to the decarbonisation of the existing superyacht fleet.

Click here to find out more > https://bit.ly/49ykTJv

Feadship’s Pier Posthuma de Boer and Giedo Loeff discuss the pathways to the decarbonisation of the existing superyacht fleet

18/04/2024

The choppy waters of Russian Sanctions.

Guest author Paul Dickie, partner at maritime law firm Jaffa & Co, explores the issues faced in the context of the sanctions imposed following the invasion of Ukraine…

Sanctions related to Russia’s post-Ukraine invasion have sparked legal battles, raising questions about fairness and effectiveness. While aimed at discouraging certain behaviours, sanctions can impact innocent parties.

Those affected seek legal recourse, challenging decisions based on principles like due process. Recent cases in the UK highlight the complexity of sanction enforcement, affecting individuals and assets. Industries like banking and insurance also navigate reputational risks.

Sanctions within the EU vary, leading to complications in global industries like the superyacht market. Dialogue between governments and owners is crucial for resolution.

Click here to find out more > https://bit.ly/3Jlw2Cx

Guest author Paul Dickie, partner at maritime law firm Jaffa & Co, explores the issues faced in the context of the sanctions imposed following the invasion of Ukraine

17/04/2024

With exactly 1 week to go until The Balearic Superyacht Forum, the countdown is on!

This event, organised by The Superyacht Group and the Balearic Marine Cluster will bring together the right network of experts to discuss the most interesting topics around the future of the Balearics as a key Superyacht Hub.

The first-day programme includes keynotes on the state of the Balearic nautical sector, exploring island complexities, and an interactive session on biomimicry.

The day will then end with a relaxed yet lively cocktail reception at Restaurante Varadero from 20:00 to 22:00 providing attendees the opportunity to network.

The second day features keynotes on the future of refit in Palma workshops on Sustainable Development Goals and startup presentations.

The Palma International Boat Show, running from April 25th to 28th, celebrates its 40th anniversary with various activities marking the occasion.

Prepare yourselves for what will be an incredible event in Palma.

Click here for more details > https://bit.ly/3PnWsXP

See you there!

11/04/2024

The Future of The Superyacht Group.

Chairman and Editor-in-Chief Martin Redmayne outlines the opportunity to move in a new, intelligent and strategic direction following the acquisition of The Superyacht Forum…

“Having been in the industry for more than 35 years and watched the evolution of the media landscape, with various publications coming and going, information and news websites emerging and the event calendar becoming massively congested, it seems logical to pivot into a new era and focus on what we think the market still needs and expects from The Superyacht Group – serious information, respected opinions, real analysis and strategic advice.”

This transition allows The Superyacht Group to refine its focus on our information channels, The Superyacht Report and Superyachtnews, ensuring they deliver the highest quality information, opinions, analysis and insights to the industry.

For the last ten years, The Superyacht Agency has been a form of stealthy consultancy division, in the world of market forecasting, analysis, due diligence, strategy and business modelling. Operating under the radar, working for owners, investors, CEOs, CFOs, regional governments, tourist boards and financial institutions, we are excited to broaden our scope and raise our profile over the coming years to become the leading strategic consultancy, focused on the superyacht sector. ⠀

Click here to find out more > https://bit.ly/3JfeiJi

Chairman and Editor-in-Chief Martin Redmayne outlines the opportunity to move in a new, intelligent and strategic direction

09/04/2024

The Balearic brainstorm.

A discussion group with a difference…

The Balearic Superyacht Forum, scheduled for April 24th in Palma de Mallorca, aims to gather local experts, investors, and advisors to discuss the future of the Balearics as a leading superyacht hub.

As we move into the next phase of our industry, the focus is on efficiency rather than just sustainability, with topics including energy efficiency, waste reduction, and operational optimisation.

Key players in the industry, including captains, managers, and owners’ reps, will explore ways to future-proof the region by improving infrastructure and services.

Discussions will cover optimising current infrastructure, upgrading shipyards, and reducing waste in day-to-day operations.

The forum seeks to bring together local and international experts to brainstorm solutions and ensure the Balearics remain a smart and efficient hub for superyachts.

While the event is strategic in nature, participants can also expect typical Mallorquin hospitality and social activities as part of the two days!

Click here to find out more > https://bit.ly/49utahi

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