Sanlorenzo Asia, a division of Simpson Marine, is delighted to announce the sale of a new build Sanlorenzo 52Steel superyacht, with the buyer represented by Julien Solari, Senior Yacht Broker and Singapore Country Manager at Simpson Marine.
Affinity Group are delighted to announce our expansion into the Cayman Islands after successfully obtaining a Companies Management Licence from the Cayman Islands Monetary Authority. Headed up by Garry Crossan, operations will now commence via our local subsidiary Affinity (Cayman) Limited. Garry has a longstanding relationship with Affinity having worked closely with our Malta and Isle of Man offices for many years. Resident in Cayman, Garry has enjoyed a career within the Offshore Financial Services Industry for over 30 years, holding executive positions within major International Banks and Trust Companies across multiple jurisdictions.
In a global yacht insurance market that is still reeling from 20 years of low premiums and wide cover, resulting in huge losses to insurers and subsequent about turns in insurance cover being provided Hong Kong has recently been hit by a series of losses that has shaken an already jittery sector of the insurance industry.
A Yacht owning Company or SPV (Special Purpose Vehicle) is seen by many as a way to simply own a yacht but there are a number of other benefits; privacy, personal tax and estate planning, VAT, yacht chartering, ring fencing and flagging.
A better understanding of the ins and outs of yacht transport can not only assist you with making an informed decision when booking shipping, it also enables you to better plan your own logistics around the transport. Read on for a useful checklist, for anyone considering shipping their yacht.
Though the 2021 Mediterranean yacht season may have been a little late in its start, from the volume of new build and sale and purchase transactions we have been engaged with this year, it appears that the idea of yacht ownership is as popular, if not even more popular, than ever. Whether you are new to the industry or an old hand there will be something of interest to you in the following compilation of topical and legal developments to affect the yachting industry.
With the end of isolation approaching, the big regattas are back. Asia Pacific Boating’s latest issue: July/August 2021 takes a look at the fleet for the upcoming Rolex Fastnet Race, and explores how competitive sailing can play a role in ocean conservation. Feature stories include an exclusive interview with America’s Cup legend Sir Russell Coutts; an insight into the Schmidt Ocean Institute; a trip to the remote wreck diving haven of Chuuk Lagoon in Micronesia; and much more!
With leisure boat sales on the rise, the Whitsunday region is experiencing unprecedented levels of new visitors this year, many of which are experiencing our spectacular backyard for the first time. In addition, the annual migration of cruising yachts is upon us, with those boat owners deciding to ‘holiday here this year’ and return to Australia’s premier cruising grounds. With a desire to add value to the visitor experience, this year, Coral Sea Marina has launched the Coral Sea Academy, an EduTourism experience with a mission to engage with people wanting to get out on the Whitsunday waters and immerse themselves in the region’s marine environment.
SuperYacht Group Great Barrier Reef (SYGGBR), with the support from the Qld Govt, are organising information seminars about cruising the Great Barrier Reef Region. Australian Reef Pilots (Auriga), Torres Strait representatives, our GBR Dive Guides, MSQ, David Good, local captains and GBRMPA will join us to cover the differences between operating superyachts recreationally and as a charter vessel, the access requirements based on length of vessel and the range of experiences across the 3200km length of Queensland coast. All industry and yacht crew are welcome, subject to venue capacity / COVID restrictions and anyone wishing to attend to RSVP for catering purposes as the event is followed by a casual networking event with drinks and nibbles. This event is suited to industry who work with superyachts 24m+ in length.
After the challenging year of 2020 many are looking to make the most of the freedom this summer season brings, and a luxury yacht charter in the Maldives offers the perfect opportunity to maintain social distancing while savouring the finest things in life coupled with the great majesty of nature.
