(CLP) Programs

Appleton Greene corporate training programs are all process-driven. They are used as vehicles to implement tangible business processes within clients’ organizations, together with training, support and facilitation during the use of these processes. Corporate training programs are therefore implemented over a sustainable period of time, that is to say, between 1 year (incorporating 12 monthly workshops), and 4 years (incorporating 48 monthly workshops). Your program information guide will specify how long each program takes to complete. Each monthly workshop takes 6 hours to implement and can be undertaken either on the client’s premises, an Appleton Greene serviced office, or online via the internet. This enables clients to implement each part of their business process, before moving onto the next stage of the program and enables employees to plan their study time around their current work commitments. The result is far greater program benefit, over a more sustainable period of time and a significantly improved return on investment.

Appleton Greene uses standard and bespoke corporate training programs as vessels to transfer business process improvement knowledge into the heart of our clients’ organizations. Each individual program focuses upon the implementation of a specific business process, which enables clients to easily quantify their return on investment. There are hundreds of established Appleton Greene corporate training products now available to clients within customer services, e-business, finance, globalization, human resources, information technology, legal, management, marketing and production. It does not matter whether a client’s employees are located within one office, or an unlimited number of international offices, we can still bring them together to learn and implement specific business processes collectively. Our approach to global localization enables us to provide clients with a truly international service with that all important personal touch. Appleton Greene corporate training programs can be provided virtually or locally and they are all unique in that they individually focus upon a specific business function. All (CLP) programs are implemented over a sustainable period of time, usually between 1-4 years, incorporating 12-48 monthly workshops and professional support is consistently provided during this time by qualified learning providers and where appropriate, by Accredited Consultants.

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Executive summary

Superyacht Market Entry

Bringing together years of yachting sector knowledge and understanding of what works, and what doesn’t, we have now built a 12-month program to holistically support well-established company’s and start-up businesses who wish to access the superyacht community. Our program gives you the ability to adapt your business structure, your products and services and the mindset of your personnel where needed, to ensure the best possible chance of success.

We share insight into the unique motivations that this unusual sector has, and how best to promote your business proposition. We signpost who the key decision makers and influencers are and educate you on how to approach them. We give you the skills to conducts relevant market research and competitor analysis, and how to convert that information into efficient and future proof action plans.

Our program looks at all aspects of your business from marketing and sales, to logistics and customer services, and ensures that all departments work together synergistically to provide the levels of quality and service that the superyacht industry expects.

We also offer honest feedback at all stages of the program to make sure that your business is fully prepared at every level with a winning strategy for your superyacht market entry.

Businesses that complete the Superyacht Market Entry Program will have the research, systems, and processes in place to launch your products and services to the yachting sector. You will also have the knowledge and internal understanding of what it takes to build upon a successful launch and how to work as a team to deliver your promises and generate repeat business.

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Superyachts offer prestige, sanctuary and adventure to their owners. And, to those who build, operate, and support the fleet they provide opportunities for financial success unimaginable in other markets.

This ultra-affluent, niche industry has high standards and a range of protocols and unusual motivations. These need to be met to enable new and established brands to successfully enter the superyacht sector and benefit from this hugely profitable market.

Our programme gives you the knowledge and tools to prepare your company for success. We help you conduct the required research and analysis to make an informed decision on whether entering the superyacht industry is a shrewd investment decision for your business.

Those who find an opportunity – and the opportunities are many and various – will be armed with a market entry playbook and marketing plan which will help you rapidly reap the rewards.

Together we will follow a 12-month learning programme where you will acquire all the knowledge you need to launch in this lucrative sector.

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Superyacht industry

A highly profitable global industry supports the development, construction, operation, and maintenance of the superyacht fleet.

Superyachts are typically defined as large, luxurious, professionally crewed motor or sailing yachts, ranging from 24 metres to more than 180 metres in length.

The annual industry turnover is estimated to be in the region of $24 billion.

150,000 people are directly employed in the superyacht industry.

There are about 11,000 yachts over 24 meters in length, worldwide. Of these about 80% are motor yachts.

Every superyacht is unique and built of custom-made components.

The existing fleet of around 11,000 vessels provides a huge repair, maintenance, and improvement market. Yachts are regularly facelifted and updated to benefit from the latest technology and interior design trends.

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Market outlook

The market continues to grow significantly.

Covid, global economic uncertainty and the war in Ukraine have had no impact on the long-term market. Superyacht owners are financially secure and able to continue to invest in yachting.

Market leading superyacht builder Sanlorenzo is reporting a record-breaking order book of €1.7 billion. Other shipyards are announcing similarly buoyant trading.

The industry is working hard towards sustainability. Retrofitting the 11,000 yachts in the current fleet to get to zero emissions by 2035 ensures the future of the industry will be even more buoyant than in previous decades.

This includes the enormously lucrative opportunity to retrofit sustainable propulsion systems to the existing fossil fuel driven fleet, alongside innovative solutions required across every aspect of operating and maintaining a yacht.

There is an exceptionally positive outlook for the superyacht market which businesses from other sectors would be wise to consider as a growth opportunity.

Opportunity areas

A diverse and ever-growing list of product and service providers are finding great opportunities in the superyacht industry.

The superyacht industry has been likened to Formula 1 motor racing. Both deliver and develop innovative solutions and technologies which other industries later adopt and utilise.

Opportunities exist for providers of the following and more:

Sustainable innovation

Sustainability has risen rapidly from a ‘nice to have’ to a critical specification point for many new superyacht owners.

The ambition to achieve zero carbon emissions is driving adaptation of technology from other transportation sectors. However, whilst there is certainty that fossil fuels are on the way out, the dominant technology to replace them is unclear.

Beyond the immediate need for changes in superyacht propulsion, opportunities exist throughout the vessel for sustainable innovation.

This opportunity for new market entrants applies not only in new build yachts, but also in retrofitting the existing fleet of around 11,000 superyachts with new technology to meet future sustainability goals.

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Shipbuilding

There is an existing roster of established shipbuilders, but the market is not closed to new entrants.

The fully bespoke nature of superyachts and desire for new and innovative designs provides opportunities for new players.

Example: Meyer shipyard is moving from shipbuilding to building large yachts.

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Engineering

Shipyards and businesses throughout the superyacht supply chain require engineering support from new providers.

Outsourcing of specific engineering tasks is common in this rapidly growing market, opening a route in for new businesses and providing immediate opportunities.

Technical and logistical support is required for the manufacture and provision of parts and accessories, cleaning gear, tools, and other items.

Example: Wartsila marine who traditionally worked in the cruise ship and commercial shipping sectors has now entered the superyacht market.

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Yacht and interior Design

Exterior designers work to make a superyacht stand out, with responsibility for delivering the owner’s vision, whilst working within the realms of practicality.

Interior designers are responsible for delivering a design scheme which fits the owner’s vision for furniture, fixtures, and fittings.

Innovative and futuristic ideas and solutions are always welcome to challenge the market.

Example: Carla Guilheim a very well-known interior designer from Miami is now also designing yacht interiors.

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Data management and AI

The global roll out of 5G is increasing the bandwidth available on-board.

Alongside entertainment benefits for guests, this brings increased opportunity for data rich navigation, safety, and maintenance systems.

Autonomy in shipping is expected to enable a paradigm shift in safety, navigation, and maintenance.

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Food and beverage

Superyacht owners and guests expect the highest standards of gracious living and opportunities always exist for people who can provide unique experiences.

The superyacht industry is always looking for healthy, trendy, and sustainable food and beverage innovations.

The global provisioning chain opens great opportunities for niche products to enter the market where the highest quality is the number one value.

Example: Small and medium size food companies can access the high-end clientele in yachts and private aviation. Kultasuklaa Oy from Finland had a 25,000 units pre-order of their health bars from a private aviation company.

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Hospitality industry

Entertainment and guest services will follow and improve upon the best of what is available in land-based hospitality environments.

Superyachts are essentially floating hotels and require many of the same fixtures and fittings.

These include the following and much more; tableware, furniture, art, accessories, food, kitchen equipment, bathrooms, bathroom accessories, beds, linen, carpets, aircon, security systems and security hardware.

Health and fitness are an ever-growing focus, with gym and other fitness equipment required, alongside personal trainers and other supporting staff.

Example: Ritz – Carlton hotel chain has the Ritz-Carlton yacht collection where they offer new experiences for their existing clientele.

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Helicopters and private aviation

Airplane and helicopter access or ownership is a prerequisite for most superyacht owners and users.

Advanced technologies supporting sustainability and range gains, as well as more luxurious travel are always desirable.

Examples: VistaJet and NetJet work very closely with the superyacht market as the end clientele is the same. They both participate in yachting trade shows and feel great synergy between the markets.

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Marina

Global marina businesses are involved in the development and operation of individual ports. They continually seek new technologies and supporting services to maximise their profitability and provide greater client comfort.

Marinas are adding capacity and facilities as they answer the needs of the ever-growing superyacht fleet.

Example: CCI (French chamber of commerce) is a public company in France which is now running many superyacht harbours in the South of France.

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Water toys

New experiences to enhance leisure time on board are always desired by superyacht owners.

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Financial services

Superyacht owners are high net worth individuals who require financial services to help with their insurance, financing, and banking needs.

Beyond direct ownership of a single vessel by one individual, other ownership models exist including syndicated and shared ownership.

Asset purchase maybe arranged using various long-term finance models, and others choose to lease rather than own their boat.

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Legal services

Lawyers are required to provide contractual support and dispute resolution for issues around boat purchase, financial and leasing issues.

Employment contacts, confidentiality and security, and other legal issues offer further opportunities for legal firms to enter the superyacht industry.

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Human resources

The superyacht industry directly employs around 150,000 people. Each one of these has a requirement for recruitment and training which new entrants to the market may wish to support.

With the high level of seasonality in yachting, many crew are recruited on short-term and temporary contracts. This presents opportunity for recruitment as well as associated issues like security vetting.

Example: Bernard Shulte Shipmanagement now includes YPI crew in their offer, providing specialist support for yacht crew recruitment.

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Successful market entry

The superyacht industry is one of the most niche and luxurious markets. It offers a strong appetite for new innovations, exceptional products, and outstanding services.

Bringing together years of yachting sector knowledge and understanding of what works, and what doesn’t, we have built a 12-month program to holistically support well-established companies and start-up businesses who wish to access the superyacht community.

Our program gives you the ability to adapt your business structure, products and services, and the mindset of your team where needed, to ensure the best possible chance of success.

During the superyacht market entry program, we first introduce you to the industry and its special characteristics.

In the second and the third parts, we focus on the market research process and gain insight through research for your company.

Once you have a good understanding of your competition, we lead you through a competitive analysis, and work on positioning and branding your offer to this market.

In the following chapter, we share insight into the unique motivations that this niche sector has, and how best to promote your business proposition. We signpost who the key decision makers and influencers are and educate you on how to approach them.

The next steps in our program are to investigate the industry specific marketing tools and build you a marketing plan for your superyacht market entry.

We then look at all aspects of your business processes from marketing and sales to logistics and customer services, ensuring all departments work together to provide the levels of quality and service that the superyacht industry expects.

We also offer honest feedback at all stages of the program to make sure that your business is fully prepared at every level with a winning strategy for your superyacht market entry.

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Curriculum

Superyacht Market Entry – Part 1- Year 1

1. Part 1 Month 1 Introduction to the Superyacht Industry
2. Part 1 Month 2 Strategies and Tools
3. Part 1 Month 3 Market Research
4. Part 1 Month 4 Competitior Analysis
5. Part 1 Month 5 Positioning and Branding
6. Part 1 Month 6 Customer Insight
7. Part 1 Month 7 Industry Culture
8. Part 1 Month 8 Marketing Tools
9. Part 1 Month 9 Marketing Plan
10. Part 1 Month 10 Entry Plan
11. Part 1 Month 11 Action Plan
12. Part 1 Month 12 Conclusion and Future

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Program Objectives

The following list represents the Key Program Objectives (KPO) for the Appleton Greene Superyacht Market Entry corporate training program.

Program Title – Part 1- Year 1

1. Part 1 Month 1 Introduction to the Superyacht Industry – Discover the inner workings of the superyacht industry. Its past, present, and future. Gain expert knowledge and statistics on key industry stakeholders including the yacht builders and the ultra-high-net-worth-individuals that own them. Get realistic insight into this affluent market’s growth potential and business drivers and be ahead of the curve in understanding where it is going.
2. Part 1 Month 2 Strategies and Tools – Equip you and your team with the processes on gathering valid and relevant information about the superyacht industry, its key players, and trends. Learn how to adapt these essential market research processes in your company. Understand who and what are the most reliable sources in the yachting sector and what protocols are required to engage with them. Strategize and implement these processes for your company and hone also your skills to conduct intensive interviews, questionnaires and face to face encounters and ensure you get useful and comparable data as a result.
3. Part 1 Month 3 Market Research – Receive valuable guidance on the market research process feasible in the industry. Learn how to chose the activities based on the chosen strategies and tools from module 2. Understand which tools to use and how to put them into action. Decide the relevant strategies to review, analyse and take action.
4. Part 1 Month 4 Competitor Analysis – Discover how to determine exactly who your competitors are within the superyacht industry and implement the process of conducting accurate and robust competitor analysis. Learn what information is pertinent to adapting your business model and what the competitors you didn’t know you had could be disguised as. Use this process of competitor analyse to understand your competitors’ strengths and weaknesses in comparison to your own, and to define your niche in the superyacht sector. This information together with the wider industry knowledge gained in previous modules will allow you to enter the process of positioning and branding.
5. Part 1 Month 5 Positioning and Branding – Based on the results of the market research process and the competitor analyses conducted in previous modules, study the process of how to successfully position your brand and your offer to appeal to the unique superyacht community. First impressions are extremely important in this busy and affluent industry. Understand the process of evaluating the unique drivers and motivations, as well as targeting a transient audience and ensure you enter the market in a winning position.
6. Part 1 Month 6 Customer Insight – Using the knowledge gathered in previous models on the market, your competitors and influencers, dive deeper into understanding your customer behaviour and the different ways they want information presented to them. This module glorifies the process of deeper insight into superyacht industry stakeholders and the culture, habits and decision-making processes of your chosen segment. With this information you will be equipped to prepare a targeted market entry action plan.
7. Part 1 Month 7 Industry Culture – The yachting industry has a distinctive decision-making culture. This module helps to create a process of preparing you to select the most appropriate marketing strategies and balance your marketing tools accordingly. As a result, participants will be well prepared to match their company behaviours to unusual superyacht industry codes of conduct and be able to define which practices are suitable for different stakeholders.
8. Part 1 Month 8 Marketing Tools – Discover what the most efficient marketing tools and channels are to target the superyacht community and learn from over 10 years of experience. Find out which social channels are used by which industry stakeholders and influencers and what publications they read. Learn the process of determining what online news outlets are worth targeting, who attends what events, and how to create appropriate marketing collateral that speaks directly to your target audience.
9. Part 1 Month 9 Marketing Tools – Gain the knowledge and tools on market plan creation. This process has as a goal to collate the industry specific information you have gathered and build a robust and future proof marketing plan that is realistic, actionable, and has achievable goals. Plan impactful campaigns for your market entry to the superyacht industry and attach a practical budget to your activities. This process includes also building in reporting and analytics that will give you short and long-term insight that allows you to stay fluid and adapt your business model as your brand grows.
10. Part 1 Month 10 Entry Plan – This process is the actual competitive entry plan that differantiates you from similar offerings. It is about creating with your marketing plan a winning knowledge-based strategic market entry plan. Coordinate all areas of your business, learn how to ensure internal communication are effective and time efficient and that all departments have the tools they need to work together. Get buy in across all teams and define what they can contribute to the market entry, and the resources they have available to do so.
11. Part 1 Month 11 Action Plan – Using your market entry plan and marketing plan define your business wide action plan. Create a timeline for the company to follow to make sure that logistics, distribution, operations, sales, marketing, and management know what they are doing and when they are doing it. Attach budgets, deadlines, and realistic goals for each department to ensure your market entry plan runs smoothly and that your company is ready to provide the customer service levels expected within the yachting industry.
12. Part 1 Month 12 Conclusion and Future – Conduct an effective evaluation on whether the superyacht industry is a potentially lucrative market for your business. Compare costs and output verses potential revenue and following a transparent review of all services decide if you are ready to start your market entry to the superyacht industry.

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Methodology

Superyacht Market Entry

History

I have worked in the superyacht industry for the last 20 years and for the last ten years have focused on market entry consultancy for startups and well-established businesses wishing to access this affluent, global marketplace.

Traditionally the superyacht industry has been extremely private. The owners often preferring not to be known publicly and the captains, crews, shipyards, and project managers working within a closed network of trusted suppliers and services that enable them to deliver the quality and service levels the owners expect.

This private and personal way of doing business makes it hard to enter the superyacht industry. First impressions matter a great deal, and your company needs to have the internal quality control, data, structure, and staff training to enable you to conduct yourself appropriately and build trust within the sector. Once that is in place you then need personal introductions and to understand the protocols that need to be followed to successfully communicate with the yachting community.

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Development

Through Appleton Greene this superyacht market entry program will help you develop your brand and your processes to give you the best possible chance of success.

Whilst getting to know your business we will enable you to make educated business decisions backed up by accurate and robust data. Sharing best practices, proven contacts and over 20 years’ experience, we will help you to gain a thorough and deep understanding of this unique, affluent community and how they do business.

We have divided the program in 12 modules that all work synergistically towards making your superyacht market entry smooth and successful. Through this program we may also introduce guest lecturers from within the superyacht industry to further enhance your experience and knowledge base.

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Implementation

We start by introducing you to the superyacht industry, its many unique and wonderful nuances and talk about the past and the future prognosis and sharing an overview of superyachts globally. This information provides you with the basic knowledge that your team needs in order to participate in this market entry program.

We then support you to set up the processes needed for you to conduct relevant and useful market research, to understand which sources are trustworthy, and what statistics will be useful for your business.

Once your team has conducted the market research, we help to make sure you have comparable data, support you in how best to analyze your learnings, and empower you to implement those learning into adapting your business model where required.

The next stage in the process is to analyze your competition within the superyacht industry. Further educating the team that conducted the market research project, we share insight into who your competitors might be and open up areas of the industry that contain hidden competition that you would not usually notice

Ones you have a good understanding of the market state, the process of positioning your own products and services to your target audience within this sector can begin. Working in partnership with your sales and marketing teams we look at your offer from branding through to your finished product.

We then dive deeply into the culture, events, stakeholders, and influencers within the global yachting market. It is vital that the whole company embraces the learning in these modules because it will allow you to adapt your internal attitudes and processes and enable you to communicate and conduct business within the sector you are entering.

Next, we review your marketing process. We help you make sure you have the marketing tools you need and the support to build a realistic and strategic marketing plan. We then enable you to follow that up with an action plan that brings your whole team together and ensures everyone knows what they are doing, and when they are doing it.

Our team has in-depth knowledge of the different marketing tools across all media that this industry uses and reacts to. By the end of these modules, you will have completed your preliminary market entry marketing plan.

Once you have these processes and tools in place, we will then help you to assess if you are ready to start your successful market entry to the superyacht industry and evaluate if the market is suitable for your company to invest in.

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Industries

This service is primarily available to the following industry sectors:

Hospitality

History

The hospitality industry is comprised of various sectors that house, feed, transport, and entertain visitors.

Each sector covers a broad range of fields, providing a distinct variety of goods and services. It’s important to note that while separate from one another, they can often overlap and work in conjunction to create one complete and comprehensive hospitality experience.

Food and beverage industry

The food and beverage industry consists of the sourcing, purchasing, preparation, transportation, and serving of food and beverages to customers.

Given the wide variety of options available to customers when it comes to food, this sector has become one of the most successful and easy to identify sectors of the industry.

Recreation industry

One key sector of the hospitality industry is recreation. In general, businesses in the recreation industry provide customers with ways to entertain themselves, pursue hobbies, or experiences.

Travel and tourism industry

Travel and tourism are one of the largest sectors of the hospitality industry. In general, travel and tourism allow people to visit destinations outside of their normal environment.

All this above and much more is included in the superyacht industry service offer.

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Current position

Food and beverage industry

In the global superyacht industry, the value of the food and beverage market has been estimated to €1 billon. This is divided to two separate market sectors for crew and owners/ charter guest food and beverages. This makes the market interesting for very vide range of products. There is a great demand for healthy, sustainable and innovative products but also the rare top luxury food and beverages.

When we talk about luxury food, we don’t mean mac n cheese and your everyday pizza.

They’re scrumptious, too, for sure. But when we add the term “luxury” in front of the word food, we literally mean delicacies that aren’t everyone’s everyday TV dinner.

Delicacies enjoyed onboard will include Sushi, Caviar, Foie Grass, Buttered Lobsters, Gourmet Lasagna, Champagne, fine wines and much more.

By far and large, seafood is most expensive food among all types. Seafood has enormous variety, ranging from Oysters, Crab, Fish, and many other types of edible sea creatures.

Oysters and Crabs are highly expensive and available in wide ranging variety across the world.

The increasing trend of vegan food is also expected to trigger the demand for more luxurious meat-free options.

The new trend in beverage consumption is low calorie and alcohol-free drinks, however a big market remains for traditional alcohol brands, rare waters, and health drinks.

Recreational industry

The recreational industry in superyachts includes all the entertainment offered to the clients.

This will include water sport equipment, water toys, diving equipment just to mention few.

On the other hand, it will also mean services offered from service providers including special entertainment such as island tours, restaurant experiences, helicopter services and onboard entertainment like magicians, air acropathy and Michelin* chef experiences.

Travel and tourism industry

The travel and tourism industry in superyachts can be understood as yacht chartering, and fractional ownership schemes.

This part of the superyachting industry covers everything from purchasing of the yacht, to preparing the yacht for the charter industry, and running the charter operation.

The variety of operations included in a yacht charter includes a wide range of activity, from helicopter rides, limousine services, and travel itineraries for the clients including hotel and harbour bookings.

Future Outlook

The superyacht industry continues its steady growth and the charter market with it. The future global superyacht market is expected to witness significant growth during the next few years.

This is a very strong growth indicator for the whole hospitality industry inside the superyacht sector.

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INDUSTRY SWOT

STRENGTHS

Emerging markets

While the core markets such as the Mediterranean and Caribbean continue to grow, much of the overall sector growth is attributed to the increase in the number of adventure tourism and recreational activities in the emerging countries of Europe and Asia Pacific.

WEAKNESSES

Cost to serve

Superyacht customers are naturally demanding, and this can make delivering services challenging. New suppliers need to fully understand what is required to make a success of this market.

OPPORTUNITIES

New trends

The newest trends in food, beverages, entertainment, and experiences are always welcomed in the yachting industry. And the budgets of the clients are endless for any unique products or experiences.

THREATS

Constant innovation

The market demands constant improvement and ever more special experiences. Established players must continually evolve to stay ahead of the pack.

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Green Tech

History

Sustainability has risen rapidly from a ‘nice to have’ to a critical specification point for many new superyacht owners.

The lack of global infrastructure to support greener yachting leaves many shipyards and owners second guessing where the next innovation will come from.

Superyachts are travelling more expansively and visiting increasingly remote and dangerous locations. This can create a jarring image for some stakeholders and furthers the need to limit environmental impacts.

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Current position

Many high-net-worth individuals are focussed on sustainability. To consider superyacht ownership they will need compelling evidence that vessels are genuinely eco-efficient and not merely offering greenwash.

The ambition to achieve zero carbon emissions is driving adaptation of technology from other transportation sectors.

However, whilst there is certainty that fossil fuels are on the way out, the dominant technology to replace them is unclear.

One solution is to fit an electrical architecture which can be adapted to run with whatever becomes the dominant fuel type.

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Future Outlook

Sustainability has moved from a moral imperative to a commercial one. Without delivering sustainability, shipbuilders will lose business over time.

Sustainable exploration is expected to recruit new younger, planet conscious superyacht owners.

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INDUSTRY SWOT

STRENGTHS

Green tech focus

There is a genuine understanding that the industry must change to become zero emissions.

WEAKNESSES

Lack of consistency

There is a lack of consistency in the approach of different shipbuilders and other stakeholders. It will take time for the dominant technologies to emerge.

OPPORTUNITIES

New fuels

Hydrogen propulsion and other fuel cells are growing quickly in air and ground transportation, but maritime applications bring their own complexities.

Lurssen is currently building its first superyacht to incorporate hydrogen fuel cell technology.

This provides an efficient, sustainable solution. As well as the environmental considerations, an additional benefit of a fuel cell is that it is practically silent compared to a diesel engine, and the owner experience is greatly improved.

Methanol is another option under consideration, again with logistical limitations.

Green energy

Wind power hybrid systems are a logical adaption to motor craft. Adding sails fits the story of elegant travel and exploration which many superyacht owners aspire to.

Others are developing hydrogeneration systems, where a simple electric motor works as an alternator to harness energy from a free spinning propellor while a ship is under sail.

Battery power

The market waits for the first battery-powered superyacht. Given the pace of change in other markets, most notably ground transportation, it seems only a matter of time before we see an ocean going equivalent of a Tesla.

Gas recirculation

While existing fossil fuel propulsion persists, technologies like exhaust gas recirculation provide a compromise to limit emissions.

Sensor technology

Better data enables behaviour changes which result in more sustainable movement.

This extends into using radar and other sensors to read wave patterns and scan data for the voyage ahead, and to understand and respond to conditions as they evolve. This gives a more comfortable passage and savings on fuel.

Data management

Cloud based data management allows remote monitoring and control by yacht owners and fleet managers. This also opens the opportunity to intelligently use that data to deliver seismic changes in efficiency and safety.

AI enabled shipping

AI enabled shipping gives the opportunity is to act upon patterns in vastly wider data sets than any human mind can manage, with greater speed and reduced margin for error.

Within yachting the greatest areas of opportunity are in navigation, as well as cyber- and physical security. Navigational gains gain boost safety, but the greatest area of opportunity may be in helping improve sustainability.

THREATS

Lack of action

Ever increasing global understanding of the fragility of the natural world threatens any activity perceived as ‘non-essential’, including super yachting.

Legislation is likely to accelerate the change to zero emissions, and the superyacht industry may struggle to keep pace with the required change.

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Shipbuilding

History

Over 10,000 superyachts with a length of 24 metres or more are registered. This fleet continues to grow.

The sizes of yards in the superyacht industry range from a hundred to a thousand or more employees. Some, mostly European yards, have a long tradition in yacht building.

Over their years of experience, they have developed sound management, strong leadership, and good quality assurance programs. Their reputation is strong, and they never suffer from a lack of orders.

There are many newcomers. These are either totally new yards, or yards which have been converted from small boatbuilding, or from building commercial or military vessels.

Each superyacht is unique and built of custom-made components. Joinery is handmade and represents art more than trade.

Sophisticated lighting provides a different mood for different occasions. Electronic equipment includes excellent entertaining, navigation, communication, and security systems.

There is very high level of luxury, sometimes even including gold plated ironmongery, silver cutlery and genuine artwork supplement in the interior.

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Current position

New build superyacht projects typically range from €30 million to €300 million but can significantly exceed this on the biggest builds. For this money clients demand excellent quality, completion on time, and costs within the budget.

When people come into market for a new-build superyacht, shipbuilders are finding a market no longer simply focused on excess. Owners want experience and lifestyle, and that means better use of space, and access to remote locations.

The largest shipyards are growing their market share, marking a slow but steady consolidation of the key players. That said there are still a significant number of small shipbuilders in the market, reflecting the bespoke nature of superyachts.

Consolidation of the market is likely to continue as shipyards are increasingly moving to a portfolio approach. Rather than solely focus on a single market sector, they are building a wider range of yachts across multiple brands and adding refit and rebuild services.

This makes shipyards more financially sustainable, shares technical and strategic expertise, and closes out competition from less advanced rivals.

Northern European yards are generally considered market leaders for innovation and prestige. However, their bespoke model comes with the cost of time to market and yards elsewhere, especially Italy, often offer a quicker project delivery based on a semi-custom build model.

Superyachts differ significantly from other vessels in terms of refit time and maintenance they require during their lifetime. Superyachts require a huge amount of down time for maintenance to keep them in immaculate condition.

Increased chartering may lead to an increase in desire to own vessels outright, as well as a need for more yachts in the fleet to cover the additional usage shared ownership brings.

Improved digital communication between market players, including shipbuilders and brokers, has been driven by the pandemic. Rather than rely only on face-to-face meetings and global trade fairs, people are continuing to meet as and when they need to online. This increased connectivity is likely to be a positive factor for innovation, as well as helping get superyachts in the water more quickly.

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Future Outlook

STRENGTHS

Experience

Existing shipyards boast years of experience, and have developed sound management, strong leadership, and good quality assurance programs.

WEAKNESSES

Perceived wastefulness of superyachts

For years, the industry seemingly accepted the notion that aside from recreation and the pursuit of pleasure, superyachts had no meaning beyond that of being an extravagant expression of wealth.

Shipbuilders must drive the move to sustainability, as well as show other benefits including global exploration, conservation, and scientific research to wider stakeholders for superyachts to remain relevant.

Many yacht owners already use their yachts for exploration supporting teams of scientists with their research into the natural world. Marine scientists are helped to research, with some superyachts even offering full laboratories on board.

Collecting water and marine samples, and even helping chart unmapped areas of the ocean floor, are other ways superyachts ‘give back’ to the wider world.

They also help with conservation of historic yachts and assist in the discovery and safekeeping of historic sites such as wrecks.

Furthermore, superyachts help in emergency response where natural disasters occur, assistance which is particularly valued in remote parts of the world.

In the future there will likely be even more ways to use superyachts. Introducing superyachts to a wider audience will help find new methods of collaboration and support the common good.

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OPPORTUNITIES

Sustainable propulsion

New technologies are required to help superyachts move to zero emissions. See the section on Green Tech for more details.

Support-vessels

Support-vessels are being more widely specified on new build superyacht projects. The main purpose of the support-vessel concept is to enhance the superyacht experience.

In short, bringing more tenders and toys, better access, and freeing space on the mothership for owner and guest usage.

Multihull

Multihulls are expected to become more common in superyachts. They offer advantages in efficiency, and therefore potentially support the move to zero emissions.

3d printing

3d additive printing technology offers a new route to creating larger yacht component parts.

AI enabled shipping

Within yachting the greatest areas of opportunity for AI are in navigation, as well as cyber- and physical security. Navigational gains gain boost safety, but the greatest area of opportunity may be in helping improve sustainability.

There is likely to be a cascade effect of technology driven from commercial shipping. Once concepts are proven, and data sets enlarged, the compelling benefits will be desirable in all sectors, including superyachts.

Radar and sensor technology

Radar and other sensor technology can be used to read wave patterns and scan data for the voyage ahead, and to understand and respond to conditions as they evolve. This can help give a more comfortable passage, and savings on fuel.

Bridge design

The look of the overall vessel’s design is increasingly stretching to improved aesthetics on the bridge. This is driven by a desire, and often need, to accommodate increasingly complex operating systems.

This also helps futureproof the bridge for later retrofit of technologies which are now emerging. This includes marine automation, navigation, and communication.

Collaboration

Businesses are increasingly working collaboratively in managing environmental impacts, delivering improved safety, or simply offering a better customer service.

Shipbuilder Oceanco encourages local yachting businesses to co-locate within their shipyard. This helps share expertise, creates economic efficiencies including better access to investment and finance, and presents a ‘one stop’ shipyard to the market.

THREATS

Zero emissions

Social, environmental, and legislative pressure to drive to net zero is an enormous challenge for shipbuilders.

Without delivering meaningful change the long-term viability of superyachting is under threat. Thankfully with collective effort this scenario looks set to be avoided.

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Insurance and Finance

History

New build superyacht projects typically range from €30 million to €300 million but can significantly exceed this on the biggest builds.

Financial services businesses support these projects in a variety of ways.

Project finance

Payment terms vary depending on the cost of the yacht being built and the negotiating strength of the parties.

From the perspective of the purchaser, a lump sum payment upon delivery and completion of sea trials is the most advantageous.

This allows the purchaser to continue to earn interest on their money while the yacht is being built and more importantly ensures that they have sufficient funds on hand to complete the construction of the yacht if the yacht builder fails to do so.

Conversely, from the yacht builder’s perspective, it is desirable to have funds paid in advance to avoid having to borrow funds to pay for materials and labour. In practice, the compromise that is often made is an agreement on several progress payments to be made when certain milestones have been passed.

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Current position

Advance provisioning

There is a huge spend by superyacht clients and crew. The advance provisioning allowance approximates the impact of chartering to local economies.

In 2020, advance provisioning exceeded €300 million in Europe alone.

Insurance

It is important to make sure any yacht, whether under construction or undertaking a refit, is adequately insured for the benefit of both the shipyard and the purchaser.

Normally shipyards carry a builder’s risk policy that covers all yachts under construction or repair in its yard.

Some, but not all, of these policies include coverage to newly constructed yachts during sea trials.

Tax planning

In contracts for the construction of yachts to be used within European Union, there are normally provisions that provide for title to pass to the purchaser as construction proceeds and the yacht is paid for.

These clauses also attempt to pass title to equipment purchased for the yacht before it has even been incorporated into the yacht.

These provisions can cause problems if a yacht is being built for export. Often through careful planning, both provincial and federal sales tax can be avoided by structuring the sale to qualify for the export exemptions provided by the applicable tax laws.

By transferring title prior to delivery and prior to the vessel leaving the province there is a serious risk of losing one or more of these tax exemptions. Accordingly, this risk is often avoided by providing the purchaser an alternative (and less secure) source of security by way of a builder’s mortgage.

This is done by leaving title in the name of the shipbuilder and having them record the vessel under construction with the Ship’s Registry. The builder will then give the purchaser a builder’s mortgage to be registered against the recorded vessel.

Financial entity

A legal entity will be created for ownership of the yacht as a separate asset.

For protection and privacy, yacht management will establish a separate financial entity for the operation of the yacht.

Management establishes accounts for this entity and the client’s funds flowing through these accounts are exclusively for the operation of the vessel.

Accounting records

The entity created is provided with its own unique accounting profile. All records and statements are provided to the client or their appointed representative upon request.

Expenses management

The client will be consulted for approval for expenditures beyond those projected that exceed an amount set by the client.

The captain and designated heads of departments onboard will be issued debit cards for operating expenses and day-to day expenses. These cards are topped up as needed with the crew and kept to spending limits as agreed with the client.

Payroll

Offshore payroll services are specifically tailored to the unique nature of the yachting industry.

Crew members aboard mega yachts are of various nationalities and often do not reside in the country of their nationality. This presents considerable challenges with legality and tax obligations.

To mitigate this, management normally provides payroll services based in the Cayman Islands and Channel Islands.

Crew are paid monthly in line with their contracts. Days of leave are recorded, and any terminations of employment are properly accounted for and legally documented.

Health insurance

Management provides and administers crew health coverage through a certified third-party provider.

As crew join the vessel all forms and documentation are provided and submitted to management, and they maintain all crew records in order.

Background checks

With yacht crew hailing from all over the world, management places critical importance on the background of crew working aboard vessels. The good character of the crew working onboard is of paramount importance to the owner and crew’s safety and security.

Fuel credit

Credit lines are usually established with the world’s leading fuel-bunkering provider. This normally has favourable terms allowing for significant pricing advantages along with guarantees of fuel quality.

Charter support

Owners often choose to charter out their yacht when it is not in use. This requires support with organizing payment and payment terms for the charter. Charter Management teams must also be kept up to date with all tax liabilities and rules.

The charterer must be informed regarding insurance. The insurance available to the charterer will be in the form of cancelation of the charter and curtailment. Liability insurance will also be offered in case of damage to vessel equipment or furnishings.

Anti-money laundering

Businesses and individuals are responsible for reporting potential money laundering acts. Businesses must establish procedures to confirm the identity of new clients and maintain records of client identity verification.

Syndicated superyacht ownership

The syndicate ownership model enables people to ‘own’ a superyacht without facing a sense of environmental wastefulness as the asset sits idle for much of the year.

Through this model owners have access to pristine, fully serviced vessels at allotted times. This is forecast as a continuing trend amongst more socially aware younger owners.

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Future Outlook

STRENGTHS

Well served market

There are already in place numerous providers of finance and insurance who naturally benefit from working with high-net-worth superyacht clients.

WEAKNESSES

Ensuring compliance

The superyacht industry is naturally somewhat secretive. Finance providers are responsible for ensuring regulatory compliance.

OPPORTUNITIES

Risk mitigation

New technologies, innovations or working practices which help reduce insurance claims would be welcomed by the industry. These could help reduce insurance costs.

New sources of finance

New ways to finance yachts could include fractional ownership, the owning of yachts through investment funds or pension portfolios. Similar models are used with artwork and other valuable assets.

THREATS

Legislative change

There will always be a changing tax and financial environment to manage effectively for clients.

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Luxury and Design

History

Impressive superyacht design catches the audience’s eye, but impressive also needs to be practical in build and use.

Interior Designers

Interior designers are responsible for delivering a design scheme which fits the owner’s vision for furniture, fixtures, and fittings. Their objectives are to deliver prestige, award winning design, and client satisfaction.

Exterior designers

Exterior designers work to make a superyacht stand out, with responsibility for delivering the owners vision whilst working within the realms of practicality.

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Current position

Design concepts need to be designed so that those actual designs will be practical and buildable.

The long-term value of a new superyacht will be partially based on the designer’s name. So, clients seek out and work with the best people to deliver a yacht with long term residual value based on exceptional design.

Good looking practically designed yachts are pleasing to the owner’s eye when used and will sell quickly again when back on the market.

Design conflict

Superyacht design must navigate a seemingly impossible balance between enabling owners to show off when they want to be seen, and to stay hidden when they wish for more discretion.

Sinot case study

Sinot is a good example of a company who entered the superyacht industry successfully and quickly. They were an automotive design company with no previous superyacht design experience. Sinot made some good-looking proposals and offered them to Feadship and now work successfully in superyachts.

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Future Outlook

STRENGTHS

Open minds

Shipyards and clients are generally very open to new thinking, but class and flag also need to agree. Involving stakeholders as early as possible in the design development is important.

WEAKNESSES

Class restrictions

Every yacht is strictly defined by the rules and regulations which make up its class restrictions. This limits some design possibilities to ensure safety.

OPPORTUNITIES

New design

Shipyards are open to new and bold design concepts. If the technology can be proven to work and be viable and delivered at an appropriate cost.

Collaboration

Existing design practices are often open to working in collaboration with new design talent.

Entertainment

Benefits in entertainment and guest services will logically follow the best of what is available in land-based hospitality environments.

Glass integration

Large glass panels are expensive but increasing popular. New technologies which reduce build cost and help open more of the internal space to the outside environment will be welcome.

THREATS

Impractical design

Some designers have entered the market with outrageous and bold designs that industry experts quickly recognise to be unbuildable or unworkable. It is important to work with shipbuilders to manage client expectations.

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Locations

This service is primarily available within the following locations:

Amsterdam

History

The Netherlands is a focal point of superyacht activity, due to the quality of its superyacht construction market.

The region has always been known for its craftsmanship and the highest quality standards when it comes to newbuild and refit.

Amsterdam, the capital of the Netherlands is one of the world’s most unique city destinations. Amsterdam is home to over 900,000 people.

With more than 800 years of history, Amsterdam boasts many points of interest for visitors, including of course, the city’s world-famous canals.

Northern European Route

Amsterdam is a natural stop-off for superyachts heading to the increasingly popular yachting destinations in Scandinavia, the Baltic, the Fjords and the Arctic region.

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Current position

According to the 2019 edition of the Knight Frank Wealth Report at the end of 2018 there were 452 billionaires across Europe.

In the wider Amsterdam area, there are many quality superyacht shipyards and suppliers.

Shipyards in the Netherlands have an estimated 60 superyachts at various stages of construction.

Feadship is building a new shipyard for superyachts up to 160m in Amsterdam.

HISWA Holland Yachting Group has also indicated that several other yards and suppliers have expressed interest in opening facilities in Amsterdam, increased superyacht traffic will no doubt bolster this interest.

Amsterdam Marina

Amsterdam’s prime geographical location and friendly regulatory environment for large yachts is backed up by superb mooring spots in the heart of the city.

Amsterdam Marina has 350 berths for yachts and superyachts and is located near Amsterdam city centre. It once was an old shipyard and has now been developed into a tourist destination.

Amsterdam is perfectly placed, in terms of geography as well as regulations and newbuild and refit facilities.

The city has unbeatable secure docking options for superyachts right in the city centre – including the iconic National Maritime Museum and the Passenger Terminal Amsterdam – as well as a UNESCO World Heritage city centre.

Options for refits are growing fast and there are numerous superyacht builders, designers, and suppliers nearby. Sea trials on the North Sea can be reached in just over an hour.

The port area has outstanding accessibility, no tidal movement, and a helicopter platform in the port. Amsterdam Schiphol Airport, Europe’s third largest airport, is 15 minutes away.

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Future Outlook

HISWA Holland Yachting Group and Port of Amsterdam, aim to turn Amsterdam into a superyachting destination of choice.

The diversity of berths in the hearth of the city centre, combined with excellent newbuild, refit and maintenance facilities in the port area, make Amsterdam a unique destination and hub for superyachts.

A new large sealock is being constructed at the entrance of the North Sea Canal at IJmuiden that will provide access to the Amsterdam port region. The new lock will be 500 metres long, 70 metres wide and 18 metres deep, making it the world’s largest sea lock. The new lock will be available for shipping early 2022.

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Dubai

History

Once a small fishing village in the Arabian Gulf, Dubai is today one of the most cosmopolitan cities in the world.

Dubai is one of the seven emirates that make up the United Arab Emirates, and the city is home to more than 200 nationalities.

Dubai is a highly diverse destination that caters to all ages and interests. Beach enthusiasts can enjoy relaxing days at the seaside, while adventurers can explore the dramatic desert landscape and discover the local wildlife. The emirate also has a rich culture plus a wide range of entertainment options.

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Current position

According to the 2019 edition of the Knight Frank Wealth Report at the end of 2018 there were 787 billionaires across Asia. This is expected to grow by 27% to 2023.

Dubai is home to the world’s busiest international airport, third largest port operator, and one of the most advanced digital networks.

Dubai’s dynamic business ecosystem, open visa policies and world-class lifestyle offering aims to attract the world’s best and most diverse talent pool.

There are over 20 free zones in Dubai today. Free zone companies are regulated by the chosen free zone authority, benefit from tax exemptions, and can trade both internationally and within dedicated free zones.

Dubai as a Winter Destination

Superyacht owners and captains have been limited in their winter berthing. Refit in the Mediterranean, passage to the Caribbean during the colder months, are often chosen.

Dubai’s offers an alternative. Explore the Gulf and the Indian Ocean from the safety and security of one of the world’s most glamorous cities.

With more than 14 marinas, several which service yachts of over 80-metres, spread across the coastline, owners can choose from a variety of marinas to moor their vessel during their stay.

Dubai boasts a range of destinations for superyachts.

The Palm Jumeirah Islands

The Palm Jumeirah Islands is a man-made archipelago designed to provide a stunning scenic view of the calm Arabian coastline. The island is also home to arguably the most popular 5-star hotel in the world – the Atlantis de Palm. The Palm Jumeirah Islands hosts visitors from all around the world, through-out the year and is a perfect example of the Emirate’s luxury lifestyle.

The Burj Al Arab

Known across the globe as the world’s first 7-star hotel, the Burj Al Arab easily ranks amongst the most photographed man-made structures in the world. Located approximately 300km away from the Jumeirah islands, it is one of the key sights in any yacht cruise.

The Dubai Marina

A yacht tour of Dubai Marina is recommended to witness the elegance of the canal and the promenades of the Emirate’s most luxurious residential area. It will also give you an opportunity to witness the panoramic view of the city and its mesmerizing skyline.

The Dubai Creek

This district is a corner stone of Old Dubai and one of the most iconic locations in the country. As the primary trading centre in the old days, Creek in many ways was responsible for the growth of Dubai to what it is today.

A luxury yacht cruise through the serene waters of the Dubai Creek will provide with a first-hand exposure to the traditional side of this elegant Emirate.

The World Islands

The World Islands is another man-made archipelago based on the Dubai Coastline. It comprises of 300 small islands constructed into a World map exterior. The yacht experience will cater to your desires of panoramic scenic views around the whole 300 islands.

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Future Outlook

Dubai delivers efficiency, access to growth markets, security, and a forward-looking ecosystem for accelerated growth.

Refit and repair

The city is also home to over 88 repair and maintenance companies and the first superyacht refit facilities are already under construction at Port Rashid Marina in the east of the city.

Further investment

Over the coming years, the superyacht facilities are due to multiply, with a vast superyacht expansion to the Port Rashid Marina which the world-famous Dubai superyacht has called home for many years.

September 2022 saw the beginnings of a joint venture between Al Seer Marine, MB92 and P&O Marinas, with the vision of developing the first dedicated superyacht refit and repair facility in Dubai.

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Miami

History

Miami, the iconic sunshine state city, is the superyacht capital of the Americas.

According to the 2019 edition of the Knight Frank Wealth Report at the end of 2018 there were 631 billionaires in the US.

Miami is a large multicultural city with around 500,000 residents, and coastal neighbour Fort Lauderdale adds another 200,000.

Miami has a year-round boating season, and a huge array of boating-related activities can be enjoyed on board all types of vessels in its beautiful waters.

The Miami International Boat Show is one of the biggest boat shows in the world. It is an essential calendar event for American and international boat buying. The boat show brings an estimated $1.3 billion to South Florida.

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Current position

There are many prominent boat manufacturers, as well as boat maintenance and service providers in North America.

Miami itself boasts a huge range of marina locations for superyachts.

One Island Park

One Island Park in Miami Beach is designed solely for superyachts and can accommodate yachts measuring up to 244 metres in deep water berths.

Visitors to One Island Park enjoy a vast range of VIP concierge services, as well as a high level of exclusivity.

Island Gardens

The new superyacht marina Island Gardens Deep Harbour is situated on Watson Island and is capable of berthing 50 superyachts measuring up to 167 metres.

It is North America’s first all-superyacht facility, costing approximately $25 million to build.

Coconut Grove

Home to the U.S. Sailing Center and multiple yacht clubs, Coconut Grove is a hotbed for yachting activity.

Sea Isle Marina

The Sea Isle Marina and Yachting Centre is a great place for yachts up to 42 metres to tie-up and be close to downtown.

Miamarina at Bayside

Surrounded by shops, dining and even an outdoor auditorium, the Miamarina at Bayside is a lively marina.

The marina has 130 slips and hosts yachts up to 60 metres and offers easy access to both the Atlantic through Government Cut and to Biscayne Bay and the Florida Keys to the south.

Epic Marina

Epic Marina is one of the plushest in Miami. It is capable of hosting superyachts up to 95 metres.

Sunset Harbour Yacht Club

Sunset Harbour Yacht Club offers ample dockage outside of the hubbub of the Miami Beach scene. Catering to yachts up to 45 metres with 125 deep water slips.

Miami Beach Marina

In the south end of Miami Beach, the full-service Miami Beach Marina has 400 slips for yachts up to 76 metres.

The marina offers direct access to Government Cut, a manmade shipping channel between Miami Beach and Fisher Island, which allows better access to the Port of Miami.

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Future Outlook

Miami continues to grow and attract thousands of ultra-high net-worth individuals from all around the world who are looking for a unique yachting experience and luxury lifestyle.

City officials and yachting organizations continue to push Miami forward, building on its rich cultural and maritime heritage to build a brighter, more prosperous future.

The luxury superyacht market is characterized by the presence of well-diversified and established boat builders in the North America and Europe.

North America is expected to hold the largest market share in the superyacht market.

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Monaco

History

Monaco, officially the Principality of Monaco, is a sovereign city-state and microstate on the French Riviera a few kilometres west of the Italian region of Liguria, in Western Europe, on the Mediterranean Sea.

It is bordered by France to the north, east and west.

The principality is home to 39,000 people, of whom 9,000 are Monégasque nationals.

September sees the coastline covered in luxury yachts for the Monaco Yacht Show.

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Current position

Monaco is widely recognised as one of the most expensive and wealthiest places in the world

The fiscal climate is of course very favourable, with no local income (including dividends) or capital gains tax.

Although commercial entities in Monaco are subject to corporate tax, there are substantial allowances for directors and shareholders’ remuneration before tax.

Monaco is the yachting business capital of the Mediterranean.

With over 300 companies operating in the yachting sector, the principality is world number three after the USA and France in Brokerage & yacht Management.

Most superyacht industry insurance companies, financial advisors, wealth managers and yachting related businesses have their office in Monaco.

Monaco has a large superyacht harbour and they have just opened another luxury harbour in Ventimiglia in Italy.

Monaco Yacht Club (YCM) is one of the most prestigious yachts clubs in the world and many of its 2500 members are ultra-high net worth individuals.

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Future Outlook

Monaco is the capital of advanced yachting and works towards more ecological and sustainable yachting future by supporting the new technologies of propulsion.

Home to the Monte Carlo Casino, Grand Prix, and some of the best spa experiences in Europe, the popularity of this destination is only set to continue.

The annual Monaco Yacht Show features superyacht builders, broker agencies, designers and naval architects, ports, marinas, and yacht insurance and management companies.

The show exhibits a wider range of products and services for the ultra-high-end markets. Including luxury products, cars and motorcycles, and even helicopters and private jet manufacturers.

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Program Benefits

Testimonials

Allstars Engineering Group

“We have worked with Ms. Uoti-Vaisanen and her team on a superyacht market entry project. The entire team is very capable, professional, credible, and innovative in their work. I found the Superyacht Sector Marketing Program particularly insightful and applicable to my business. I would recommend her services to any company interested in exploring and preparing a market entry project for the superyacht industry. I believe her and her team’s knowledge base and skills are an asset to any company they cooperate with. Ms. Uoti-Vaisanen will equip you with the knowledge to break into the superyacht world and succeed. I’m looking forward to a continued relationship with them as the brand grows and offers new services and products. “

Jouni Väkiparta,
Sales & Marketing Director, Allstars Engineering Group.

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Yacht Knowledge

“Ms. Uoti-Vaisanen and her team were hired to research and present ideas to enhance the existing superyacht knowledge of myself and my team. Her reports were truly exciting, creating a totally new concept that could potentially revolutionise yacht personnel management and recruitment. I have many years of experience in the yacht and boat world but still found the information incredibly useful for my business. Her research and presentation materials were excellent, highly professional and appropriate, and her personal presentation to management and executive teams equally so. I wouldn’t hesitate to recommend her services to anyone looking to work within the yachting sphere. If anyone wants to break into the superyacht market, this is how to do it.”

Norma Trease,
Owner/Consultant, Yacht Knowledge.

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Business Development Director, Port Vauban21

“I have worked with Ms. Uoti-Vaisanen and her team over the last few years on multiple projects. The way they work is innovative and punctual. Their ideas are fresh and forward-thinking. I think the best compliment for them is that I have referred their services to many clients and colleagues and always had fantastic feedback. The Market Entry Study is an incredible resource that provides so much detail on the superyacht industry as a whole, and the product testing and pilot testing are great tools to have. It’s a real game-changer.

Myself and my team found the data-driven content very useful in our business. The findings were tailored to my products and our strategies for the future, and it is an excellent resource for understanding the yacht world from all different angles.”

Brieuc Audebert,
Business Development Director, Port Vauban21.

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CFO and Executive vice President, BWA

“I worked with Ms. Uoti-Vaisanen on a very important project and she is very capable, professional, prompt, credible and innovative. I would suggest her services to any company in the industry. I believe her knowledge base and skills have been proven to be an asset to any company she cooperates with. The yacht industry is unlike any other in the world and if you are unaware of its quirks, it can be a daunting prospect. Ms. Uoti-Vaisanen and her team understand how to adapt and prepare businesses to succeed in this affluent market, and make sure their clients are efficient and strategic in their decision making. I’m looking forward to seeing what other services they contributes to the yacht market.”

Paschalis Patsiokas,
CFO and Executive vice President, BWA.

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Global Superyacht Marketing

“Ms. Uoti-Vaisanen and the Superyacht Cluster offers unique insight into the inner workings of the superyacht industry. Traditionally a very private sector that expects their suppliers to understand how they operate and the standards they expect, preparing your business with this market entry program sets you up for success.

All the content that they create is well thought out, easy to digest and relevant to any modern business. The Superyacht Sector Marketing Program helps people to understand the nuances of the yachting world and pivot their business appropriately. Clients will be equipped with the knowledge to confidently pitch to superyacht clients and understand the specific needs of the market. I would highly recommend these services to anyone looking to learn more about the luxury yacht sector.”

Sarrah Macey, CEO,
Global Superyacht Marketing.

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More detailed achievements, references and testimonials are confidentially available to clients upon request.

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