MECTRA SYNERGY (M) SDN BHD, a Bumiputra owned company headquartered in Kelana Jaya, Malaysia, aspires to be Southeast Asia’s leading provider of technology, engineering, mechanical and electrical tools to the Marine industry. With business presence in more than 15 countries, MECTRA SYNERGY supplies the industry’s most comprehensive, durable and reliable range of products.
Airline travel the way we’ve been used to is all about to change and may not get back to our same level of travel expectations for 12-24 months.
Sanlorenzo unveils its new [SX112 crossover yacht](https://www.simpsonmarine.com/newyacht/sanlorenzo/sx112/). A pioneer by definition, visionary and determined,[Sanlorenzo](https://www.simpsonmarine.com/manufacturer/sanlorenzo/) again looks to the horizon and beyond, shaping a new dream to give rise to original habitat solutions. This is the approach behind the company’s 2020 creations, making th[e SX112](https://www.simpsonmarine.com/newyacht/sanlorenzo/sx112/) crossover yacht its star this summer, presented in the first version with interior design by Piero Lissoni.
Benetti know-how, the technology used by Mulder Design to develop the hull and remarkable performance are all factors contributing to the victory of the innovative M/Y “Spectre”, built in Livorno, at the Asia Boating Awards 2019 in the Best Custom-Built Yacht category. The presentation of this one-of-a-kind craft to the yachting community represents another major milestone for Benetti. The exteriors are by Giorgio M. Cassetta, while the modern interior design is the work of Benetti’s Interior Style Department.
A symbol of Made in Italy excellence, with a unique and inimitable design,69-metermega yacht M/Y “Spectre” is back on the top step of the podium at the World Superyacht Awards in the category “Displacement yachts between 500 and 1,999 tonnes”. The Boat International judges were won over by exteriors designed by Giorgio M. Cassetta and interiors by the Benetti Interior Style Department. M/Y Spectre is also a worthy winner of the award because of its sporty performance, the cutting edge technology of the hull by Mulder Design, and Total Ride Control® by Naiad Dynamics.
Central Yacht is excited to announce their appointment as exclusive representatives for the sale of the classic powerful Perini Navi sailing yacht PiropoIV.
Thomas Taatjes and Jimmy Blee attended the Australian Superyacht Rendezvous at the Gold Coast City Marina starting 17th May, with APS Indonesia participating as an Industry Partner.
Six months into a ‘hardening’ insurance market in the yacht sector all owners of yachts no matter the shape or size who have faced their renewals have been hit with substantially increased premiums and deductibles while seeing the breadth of the cover they had reduced with lower sub limits and more restrictions placed on them. For larger yachts the more experienced insurers are insisting on yachts being in Class and this is likely to hit Asian owned yachts hard as many yachts in the region have been taken out of Class in recent years. We have seen premiums increase up to 40% for yachts with no claims and some are finding it hard to find cover at all as insurers lose appetite for risks that even last year seemed normal as they face restrictions on what they are allowed to underwrite in order to try and stop the flow of losses hitting their books. While increased costs are not what anyone wishes to experience this change has been long foretold and, frankly, in order to produce a sustainable business with yacht insurance there needs to be a good few years of increasing premiums ahead to get things back on track. Premiums are still about a half to a third of where they were 20 years ago. The hope is, however, that while premiums are likely to continue to increase the significant changes to cover afforded and increases in deductibles seen will be sufficient for insurers. This all depends on how the yacht sector performs in the coming couple of years and whether the changes effected actually work.
Toys & Tenders is proud to announce that as of[the 1st of June 2019](x-apple-data-detectors://0)Ralph Laurent Spee will join their team as Global Sales Director.
SuperYacht Group Great Barrier Reef (SYGGBR) was named Australian superyacht industry service provider of the year at the Australian Superyacht Industry Marine Awards last night (Thursday May 22).
