Richard Sauter’s Ocean Empire Paper Presented at RINA’s International Super and Megayacht Conference points to the Post Carbon Superyacht as the Wave of the Future. The RINA Conference sponsored by ABS and Dessault Systemes was held at the Galata Museum at the port of Genoa last week. Papers were presented by universities, designers and key [...]
A new alternative energy solution has come from where it is least expected – a luxury mega yacht company. Paracas Yachts has patented hydro-electric regeneration technology that utilizes the sails of a large vessel to actively generate very large quantities of electrical power. The physics behind this technology is simple. As the mega yacht is [...]
ECOsuperyacht is has agreed to work with the Antibes Yacht Show as their Carbon Neutral partner for this year’s Show, offsetting the CO2 emissions from the show site in Port Vauban and for the 12,000 visitors who are expected to attend the Show this year from all over the World. ECOsuperyacht provides a wide range of [...]
Peri Yachts opened a new office in Istanbul, Turkey on Tuesday. Located on the European side of the Bosphorus, Sales and Marketing activities will take place on a larger scale where the team will deal with local customers as well as enlarging the sales network, after sales and marketing. Navis Marine in Croatia has joined [...]
A helicopter from the megayacht Octopus, owned by Microsoft co-founder Paul Allen, made an emergency landing on water in Argentina’s far south on Monday, officials said, injuring one co-pilot. Paul Allen’s spokesman said neither billionaire Allen nor co-founder Bill Gates were on board. He said a co-pilot was injured and were being taken to hospital. [...]
According to IBI News, the Russian President Dmitry Medvedev has purchased a Proteksan-Turquoise 53m superyacht valued at approximately €30 million as a venue to host world leaders in the 2014 Winter Olympics in Sochi. The superyacht, currently named Leo Fun is to be renamed as Sirius by her new owner. She was built by Proteksan-Turquoise [...]
As expected, France has published a change in its VAT law and policy relating to commercial vessels. Published as Article 70 of Law No 2010-1658 of 29 December 2010 amending Article 262 of the unified French Tax Code, the Code Général des Impôts, the change now limits VAT exemption only to those commercial vessels operating on the high seas. In [...]
The shareholders of SNP Boat Service S.A. and Le Yacht S.A., RODRIGUEZ GROUP’s subsidiaries directly and indirectly owned up to 99.51 % and 99.34 % of their respective share capital, approved on December 31st, 2010 the merger agreement between the two companies. The merger, with a retroactive effect as of October 1st, 2010 corresponding to [...]
Thanks to a growing number of loyal clients with repeat orders, and new yachting enthusiasts, René van der Velden Yacht Design workload has steadily grown in recent years. A substantial part of this growth is due to a higher demand for naval architecture services. As a result, the current office, which we has been occupied [...]
Boat and Luxury Yacht building is turning into a major money earner for Turkey. Long-recognised as a specialist manufacturer of chemical and oil tankers, it has turned its attention to the luxury end of the market, building super yachts for the super rich. Foreign investors have been attracted by a highly-skilled, low cost workforce and [...]
Lucintel Analyzes Global Boating Industry Outlook for 2010 and Beyond: Market to Bottom Out in 2010 Economic recovery holds the key to global boating industry regaining a positive growth trajectory. There were dramatic changes in the boat market during 2009 and 2010 with prominent regions such as North America suffering double-digit decline in 2009 due [...]
Peter Brown, a sales broker at Burgess Yachts, talks about the outlook for the luxury yacht market. He speaks with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg) Share:Email
