jobs in yachts

Yacht Crew Job Board

With Bluewater's expertise in crew training and yacht crew recruitment, finding your ideal yacht crew vacancy is simple. We offer yacht management services to a variety of exclusive superyachts. Our team excels in sourcing top-notch yacht crew positions, spanning from 25-meter private yachts in the Bahamas to 50-metre charter yachts in the Mediterranean to luxurious 100+ metre superyachts navigating the globe extensively.

128 yacht crew jobs available now.

Yacht Crew Training

Alongside sourcing the latest yacht crew jobs worldwide, Bluewater offers a range of specialised yacht crew training courses. Whether you're new to the superyacht industry seeking entry-level qualifications, an experienced deckhand or engineer aiming to advance your career, or a dedicated crew member looking to enhance your resume with certifications like HELM (Human Element Leadership and Management), Yachtmaster, or OOW (Officer of the Watch), explore our comprehensive yacht crew training options.

Working on a Luxury Yacht

Working as a crew member on a superyacht is undeniably one of the most rewarding yet demanding professions, calling for hard work, dedication, and professional training. The opportunities within the yachting industry are vast, and at Bluewater, we are committed to helping every crew member discover their ideal yacht crew position. Our recruitment division focuses on finding the perfect yacht for crew members and provides unparalleled professional support. Our recruitment experts guide crew members through every step of their yachting career journey, ensuring they receive the best possible assistance.

Manage Your Yacht Career

Whether you're seeking a yacht crew position as a deckhand, engineer, onboard masseuse, stewardess, chef, chief stewardess, purser, first officer, or captain, take control of your yacht career. Create a profile and join one of the world's largest yachting communities for free.

128 JOBS FOUND

• Seasonal-could become permanent
• Qualifications: -
• Experience: Can be green if good cooking skills
• Salary: €2500-3000 DOE
• Experience: Similar
• Salary: €3000
• Qualifications: AEC minimum
• Salary: €3500-4000 DOE
• Qualifications: STCW, ENG1
• Experience: 1 year +
• Salary: tbd
• Temporary until end of May
• Qualifications: YachtMaster minimum
• Experience: Large sailing yachts and jet tenders
• Salary: DOE
• Seasonal until October
• Qualifications: YM offshore minimum

• Experience: 1-2 seasons
• Salary: €2700-3000 DOE
• Seasonal (possibly permanent)
• Qualifications: Master 200 / OOW 500
• Experience: as Mate/Chief Officer on larger boat
• Salary: 4500 euros
• Qualifications: Master Yachts 3000GT
• Experience: 3+ Years as Captain
• Salary: 10K+ Euro (DOE)
• Qualifications: STCW, ENG 1, ideally AEC1
• Experience: similar

Best Match Date Added (Latest First) Start Date Salary (High to Low)

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Job Type Any Permanent Position Rotational Contract Seasonal Temporary Daywork Cruising Delivery Mile Building Ocean Sailing Sail Racing

Department Any Accounting & Finance Administration & Clerical Build & Refit Creative & Marketing Crew Placement & Services Crew Training Deck Directors Engineering Galley Interior IT & Operations Specialist Yacht Management Yacht Sales & Charter

Position Any Fleet Captain Build Captain Captain Chase Boat Captain Relief Captain Chief Officer/1st Mate Deckhand/Mate 2nd Officer 3rd Officer Bosun Lead Deckhand Deckhand Deckhand/Security Junior Deckhand Deck/Steward(ess) Deck/Engineer Deck/Carpenter Deck/Divemaster Competent Crew Delivery Crew Dayworker Race Crew (Professional) Race Crew (Amateur) Chief Engineer Relief Chief Engineer Sole Engineer 2nd Engineer 3rd Engineer Chief ETO (CETO) Electrical Technical Officer (ETO) Electro-Technical Rating (ETR) AV/IT Officer Storekeeper Engineer Motorman Wiper/ Oiler Tender Engineer Junior Engineer Executive/Head Chef Sole Chef Sous/2nd Chef Chef de Partie/3rd Chef Commis/4th Chef Cook/Crew Chef Cook/Steward(ess) Purser Concierge Household/ Estate Manager Chief Steward(ess) Interior Manager Head of Service Head of Housekeeping Spa Manager Spa Therapist/ Steward(ess) Butler Sole Steward(ess) 2nd Steward(ess) 3rd Steward(ess) Steward(ess) Service Steward(ess) Sommelier Housekeeping Steward(ess) Laundry Steward(ess) Junior Steward(ess) Stew/Masseur(euse) Host(ess) Private Security Officer (PSO) Close Protection Officer (CPO) Private Driver/ Chauffeur Helicopter Pilot Helicopter Mechanic Hairdresser/ Barber Beautician Masseur(euse) Governor/ Governess Nanny Au Pair Tutor Florist Personal Assistant (PA) Executive Assistant (EA) AV/IT Specialist Videographer Personal Trainer (PT) Yoga/Pilates Instructor Sub-Pilot Dive Instructor Watersports Instructor Doctor Nurse Paramedic Chairman Chief Executive Officer (CEO) Group Financial Controller (GFC) Chief Financial Officer (CFO) Managing Director Director Financial Director Technical Director Training Director Yacht Management Director Charter Management Director Yacht Charter Director Yacht Sales Director Operational Director Company Secretary Fleet Protocol Director Maritime Compliance Director Creative & Marketing Director Yacht Sales Broker Yacht Charter Broker Charter Manager Charter Accounts Manager Charter Accounts Support Yacht Market Analyst Sales & Product Marketing Manager Sales & Product Marketing Assistant Sales Manager Senior Sales Executive Sales Executive Head of Yacht Management Yacht Manager Operational Manager Client Relations Manager Insurance Manager Insurance Consultant System Development Crew Compliance Manager Yacht & Crew Compliance Crew Compliance Administrator Crew Compliance Support Crew Services Administrator Head of Maritime Compliance & DPA Marine Superintendent Maritime Compliance & DPA Maritime Solicitor Marina Manager Marina Operative DPA & Safety Manager Yacht Compliance Manager Yacht Compliance Administrator Yacht Compliance Support Head of Yacht Accounts Lead Yacht Accounts Yacht Accounts Manager Yacht Accounts Administrator Yacht Accounts Support Fleet Technical Manager Project Manager Project Engineer Project Coordination Project Controller Supply Chain Manager Environmental Manager Supervisor/ Foreman Naval Architect Mechanical Engineer Marine Engineer Marine Electrical Engineer Marine Technician 3D CAD Technician/ Modeller Concept Designer (creative) Detail Designer Design & Proposal Engineer Design Engineer Senior Interior Designer Structural Engineer Interior Designer Cost Estimator Technical Superintendent Technical Manager Technical Controller Technical Assistant Technical Financial Controller Procurement Manager Procurement Assistant Head of Technical Compliance & DPA Logistics Project Manager Materials Controller Yacht/ Boat Builder Marine Joiner/ Carpenter Mechanical Fitter Marine Electrician Marine Plumber/ Pipefitter Marine Surveyor Sprayer/ Painter Laminator/ Finisher Assembler/ Fabricator Slinger (crane & lifting operative) Sail/ Cover Maker Upholsterer Seamstress Welder/ Plater Shipyard/ Warehouse Operative CNC Operative Corporate Development Manager Marketing Manager Marketing Executive Marketing Assistant Yacht Marketing Graphic Designer Content Writer Creative & Events Digital Marketer & SEO Partnerships Liaison PR & Communications Officer Head of Client Relations Head of Information Technology (IT) Business Development Manager IT Support Technician Web Designer/ Developer Crew Manager Recruitment Consultant Crew Assistant Crew Employment and Payroll Manager Crew Employment and Payroll Administrator Training & Exam Coordinator Training Coordinator Head of Safety Training Instructor Company Secretary Office Manager Listings Manager Administrator Customer Service Office Support/ Assistant Personal Assistant (PA) Executive Assistant (EA) Human Resources Manager Human Resources Administration Human Resources Support Group Finance Controller Assistant Group Finance Controller Finance Manager Financial Administrator Financial Analyst Accountant/ Book-keeping Accounts Administration

Team / Couple Don't mind Yes No

Vessel / Shore Based Type Any Chase Boat Commercial Vessel Expedition Vessel Fishing Vessel Motor Yacht Research Vessel Sailing Yacht Shore Based Position

Vessel Size Any 0 - 30m 31 - 39m 40 - 49m 50 - 74m 75 - 94m 95m+

Salary (e.g. £, $, €) Any 0 - 1,500 1,501 - 3,000 3,001 - 5,000 5,001 - 10,000 10,001 - 15,000 15,000+ per month per day

Location Any Antigua & Barbuda Australia France Greece Italy Monaco Seychelles Singapore Spain United Arab Emirates United Kingdom United States Virgin Islands (British) Virgin Islands (U.S.) Antarctica Bahamas Bermuda Canada China Costa Rica Cote d'Ivoire Croatia Cyprus Egypt French Polynesia Germany Guadeloupe Hong Kong Indonesia Maldives Malta Mexico Montenegro Netherlands New Zealand Norway Oman Poland Puerto Rico Qatar Russian Federation Saint Kitts and Nevis Saint Vincent and the Grenadines Saudi Arabia Sint Maarten Slovakia (Slovak Republic) South Africa Switzerland Thailand Turkey

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• 1879 positions

The leaders in superyacht recruitment

Lead Deckhand New

• Job ID #2262806
• 55m (180ft) Motor Yacht
• Starting 1st Apr 2024
• EUR (€)6,000.00 Per Month
• Posted Today

2nd Engineer New

• Job ID #2262791

Deck/Steward(ess) New

• Job ID #2262770
• 20m (66ft) Motor Yacht
• Starting 24th Mar 2024
• United States

Household/ Estate Manager New

• Job ID #2262749
• Shore Based Position
• United Kingdom
• GBP (£)7,500.00 Per Month

Sole Chef New

• Job ID #2262731
• 25m (82ft) Motor Yacht
• Starting 15th Apr 2024

• Job ID #2262663
• 60m (197ft) Motor Yacht
• Starting 22nd Apr 2024
• EUR (€)250.00 Per Day

Deckhand New

• Job ID #2262641
• 13m (43ft) Motor Yacht
• Starting 1st Jun 2024
• EUR (€)2,000.00 Per Month
• Job ID #2262629
• 110m (361ft) Motor Yacht
• EUR (€)3,000.00 Per Month

Sous/2nd Chef New

• Job ID #2262628
• 63m (207ft) Motor Yacht

• Job ID #2262617
• 33m (108ft) Motor Yacht
• Starting 22nd Mar 2024

• Job ID #2262591
• 80m (262ft) Motor Yacht

2nd Officer New

• Job ID #2262585
• EUR (€)5,000.00 Per Month

• Job ID #2262564
• 30m (98ft) Motor Yacht
• Starting 23rd Mar 2024

• Job ID #2262554
• 70m (230ft) Motor Yacht

• Job ID #2262541
• 27m (89ft) Motor Yacht

Page 1 of 126

Yacht jobs in seconds, reviews and salary data

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by Crew Network

by Lighthouse Careers

by Marinescence

States and the Bahamas

by Crew and Concierge

Sole Engineer

Chief officer.

1st April 2024

by 19 London

by A-Z Yachting

Head of Service

Crew chef/ cook.

by Bluewater

by Goldenkeys

Masseuse/ Stew

Mediterranean

by Hill Robinson

West Palm Beach, Florida, United States

by Crewfolio

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Ultimate Boating Safety Guide 2024: Essential Tips & Legal Advice for Safe On The Water

Discover the ultimate Boating Safety Guide for 2024, packed with essential tips, legal advice, and practical checklists to ensure safe and enjoyable sailing. From pre-departure preparation to navigating emergencies, this guide is a must-read for every boater. Click to learn how to make your boating experience safer and more compliant with the law.

Insights from a Professional Chief / Sole Stewardess - Alyson Kehler

Dive into our exclusive interview with Alyson Kehler, a seasoned Chief/Sole Stewardess, as she shares her journey and expert insights into the luxurious world of yachting. Discover the challenges, rewards, and the vibrant lifestyle of a professional yacht stewardess.

How to Hire Yacht Crew: Your Guide to Finding the Best Team for Your Yacht

Looking to hire yacht crew? Find experienced captains, deckhands, engineers, and more with WorkOnYacht.com. Our guide provides you with simple steps to recruit the best team for your luxury vessel. Get started today and elevate your boating experience

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Superyacht Jobs

Welcome to the viking crew maritime job search portal for superyacht jobs..

Below you will see all of the latest jobs in the superyacht sector of the maritime industry available via Viking Crew – The leading cruise, commercial and superyacht maritime crew services provider.

From your first role to some of the most prestigious positions in the maritime industry, this page is updated in real-time with all of the latest superyacht jobs.

Use the filters below to get started finding your next role in the maritime industry.

• 1st Engineer
• 2nd Electrician
• 2nd Engineer
• 2nd Officer
• 2nd Stewardess
• 3rd Engineer
• 4th Officer
• Aesthetician
• Assistant Maitre'D
• Assistant Shop Manager
• Assistant Sommelier
• AV/IT Officer
• Beauty Therapist
• Captain & Stew/Chef
• Chef De Partie
• Chef De Partie - Pastry
• Chief Engineer
• Chief Steward/ess
• Crew Purser
• Deckhand / Dive Instructor
• Demi Chef de Partie
• Destination Manager
• Destinations Services Advisor
• Electrician
• Executive Chef
• Executive Sous Chef
• Food and Beverage Manager
• Future Cruise
• Hair Stylist
• Hairdresser
• Head Mixologist
• Head of Housekeeping
• Head of Service
• Hotel Department
• Hotel Director
• Hotel Engineer
• Hotel Manager
• Housekeeping Steward/ess
• Laundry Steward/ess
• Lead Deckhand
• Lead Service Stewardess
• Lifestyle Concierge
• Nail Technician
• Placement Consultant
• Receptionist
• Refrigeration Engineer
• Service Steward/ess
• Service Utility
• Shop Assistant
• Shop Manager
• Shop Specialist
• Shore Ex Assistant
• Shore Ex Manager
• Sole Engineer
• Spa Therapist
• Staff Captain
• Technical Communications Officer
• Wellbeing Coach

Specialist Skills

• Access Control
• Accountancy Software (Quickbooks)
• Accountancy Software (Sage)
• Accountancy Software (Zero)
• Accounting & Budgeting
• Acrylic Nails
• Acupuncture
• Administration
• Air Conditioning
• Allergies Cuisine
• American Cuisine
• American Service
• Aromatherapy
• Atkins Cuisine
• Azerbaijani
• Azimut Drive (360 Rotation)
• Bashkort (Bashkir)
• Beach Set Ups
• Boat Building
• Bow Thruster
• Bridge Publications
• Bridge Systems
• Brow Treatment
• Bss Sound Web
• Buffet Service
• Caribbean Cuisine
• Carpet Care
• casino dealer
• Chart Corrections
• Child Care (Nannying)
• Chinese Cuisine
• Chocolatier
• Cigar knowledge
• Cleaning & Detailing
• Cocktail Knowledge
• Cocktail Making
• Coffee Making
• Communication
• Computer Skills
• Crane Operation
• Customer Relationship Management Crm Software
• Data Administration
• Data Analysis & Storage
• Deep Tissue
• Diesel Electric
• Diesel Engines
• Dining Management Software
• Discjockey/Dj
• Drone Operations
• Eastern European Cuisine
• Electro Hydraulic Controls
• Engineering
• Entertainment Systems
• Event Management
• Eyelash Treatment
• Fibreglass Repairs
• Filing & Fairing
• Firewall/Security
• Fleet Management Software
• Fly Boarding
• Frb Driving
• French Cuisine
• French Service
• Fruit Carving
• Fuel Cell Systems
• Fusion Cuisine
• Galley Assistance
• Gas Fuel Or Tri Fuel
• Gas Turbine
• General Repairs & Maintenance
• Generators & Alternators
• German Cuisine
• Greek Cuisine
• Guest Reservations.
• Hair Extensions
• Hair Styling
• Haitian Creole
• Hammam Ritual
• Hawaiian Creole
• Healthy (Low Fat) Cuisine
• High Voltage
• Hospitality
• Hydraulic Systems
• Ice Carving
• IDEA knowledge
• Indian Cuisine
• Indian Head
• Indonesian (Bahasa Indonesia)
• Inflatables
• Installation/Configuration
• Interval Training
• Inuit/Inupiaq
• Irish Gaelic
• Ism/Isps Procedures
• It/Customer Support
• Italian Cuisine
• Itinerary Planning
• Japanese Cuisine
• Kaleidescape
• Kite Surfing
• Knots Knowledge
• Kosher Cuisine
• Laundry & Housekeeping
• Lighting Systems
• Line Handling
• make up artist
• Malay (Bahasa Melayu)
• Mandarin (Chinese)
• Martial Arts
• Massage Techniques
• Mediterranean
• Mexican Cuisine
• Microsoft Excel
• Microsoft Outlook
• Microsoft Powerpoint
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• Mid Eastern Cuisine
• Molecular Cuisine
• Mooring Operations
• Nail Construction
• Nail Painting
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• Nas Systems
• Network Support
• New Build Experience
• Nouvelle Cuisine
• Nutritian & Diet Plans
• Outboard Engines
• Pacific Rim Cuisine
• Paddle Boarding
• Personal Trainer
• Pescaterian
• Photography
• Planned Maintenance Systems
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• Provisioning
• Radio Systems
• Refit Experience
• Reflexology
• Refrigeration
• Russian Service
• Sail Repairs
• Sandblasting
• Satelite Communications Systems
• Search Engine Optimisation (Seo)
• Shellac Nails
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• Simulator Instructor
• Single Screw
• Single Screw (With Kort Nozzle)
• Software Devlopment & Engineering
• Spanish Cuisine
• Spear Fishing
• Stand Up Jet Ski
• Steam Turbine
• Steering Gear
• Table Service & Settings
• Tea Service
• Teak Maintenance
• Teak Repair
• Technical Drawings
• Television/Tv
• Tender Driving
• Tender Operations
• Touch Panels
• Troubleshooting
• Twin Screw (With Kort Nozzle)
• Underwater Videography
• Vegetarian Cuisine
• Video On Demand
• Videography
• Visa Knowledge
• Wake Boarding
• Wake Surfing
• Wardrobe Management
• Watchkeeping
• Water Jet Propulsion (Inc Jet Skis)
• Water Makers
• Water Treatment
• Waterskiing
• Watersports
• Web Devlopment
• Windlass & Winch Systems
• Window Treatment
• Wine Knowledge
• Wraps Srubs
• Health & Beauty
• East Mediterranean
• Indian Ocean
• Middle East
• Netherlands
• New Zealand
• North America
• Northern Europe
• West Coast America

Deckhand - 65m+ support vessel

Viking Crew are looking for a deckhand to join a 65M+ support vessel. Start date ASAP Worldwide sailing programme Must have STCW ENG1 Yacht master is a desirable  St...

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Temporary eto - 85m+ private motor yacht.

Viking Crew have a Temporary vacancy for an experienced ETO to join a 85M+ Start date 5th April 1 month contract. Salary DOE -USD No HV required. Ready to do an Atlantic ...

Deckhand/Divemaster 100M + Motor yacht

Viking Crew are looking for a Deckhand/ Dive Master to join a 100m+ private motor yacht. Start date: ASAP Ideal candidate will have 2 years experience on a vessel over 60M and be a t...

Port Captain required for commercial vessel

Port Captain required for commercial vessel based in North America Start Date: ASAP Candidates must have: Master Unlimited (Can be expired) Experience in management positions at s...

Deckhand - 55ft chase boat .

Viking Crew are looking for a deckhand to join a 55ft chase boat  for a temp position until September. The ideal candidate will have a Yachtmaster or equivalent  Experience with moorin...

Lead Deckhand - 100M + Motor yacht

We are looking for a Lead Deckhand to join a 100m+ private motor yacht. Start date: ASAP We're looking for a team player, preferably with 2 years experience on an 80m+ size vessel, experi...

Confident Head of Service needed for 100M+ private yacht

Viking Crew is looking for a confident Head of Service for a 100M+ private sailing yacht. Candidates should have 2 years + experience as Head of Service on 80M+ yachts, have strong communicat...

Staff Captain - Discover a career ‘beyond wonder’

Scenic Luxury Cruises are searching for a Staff Captain to join our Fleet. All of our ships feature the very latest in Navigation Technology and we are committed to the very highest standards in B...

Deputy IT Manager required for Commercial Vessel

We require a Deputy IT Manager to join a Commercial Vessel based in North America  Start Date: ASAP  Candidates must have: 5 years IT management experience  Bachelor's Degree i...

Head Chef needed for 100M+ private yacht

Viking Crew is looking for a Head Chef for a  busy 100M+ private yacht, currently based in the Indian Ocean. Candidates should have previous large yacht experience - be hands on and happy to...

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Superyacht Jobs

Matching quality crew with quality superyachts For almost a decade, we’ve made it our job to find you the best superyacht job by taking a candidate-first approach to crew recruitment.

Reliable, responsive and realistic

Only by understanding your skills and yacht career aspirations can we successfully connect you with your dream role onboard whilst ensuring an exemplary owner and guest experience.

Being ex-yachties ourselves, we know how competitive the industry can be and how reality often fails to meet expectations, so it’s our mission to change that.

Putting equal emphasis on the interests of everyone involved, we are able to pair the perfect crew with the perfect superyacht 99% of the time.

Roles we recruit for From the bridge to the engine room and the deck to the galley, we recruit at all levels from green crew with certified potential to experienced Heads of Departments and Captains. Specialist secondary skills also range from personal care and fitness through to AV/IT, watersports instructors, medically trained personnel and manual trades.

Junior to senior and lead deckhands, bosuns and officers, junior to chief engineers, junior to chief stew, galley hand to head chef.

Our Promise

By putting your trust in Quay Crew, you can trust us to:

• Be honest and transparent – if you’re not suited to the role or the culture of the yacht, we’ll tell you; and if the yacht isn’t offering a competitive salary or package, we’ll consult with them too.
• Give career advice – on the roles you’re currently suitable for, how you can improve your CV and what secondary skills could make you stand out.
• Never send your CV on-spec – we’ll always speak 1-2-1 with a candidate before putting them forward for a role and follow up with verbal references from past yachts and employers.
• Communicate – at every stage of the process, whether it’s good or bad news.

Latest Opportunities

Testimonials.

“I think the reason that Quay Crew is (in my opinion and most of my colleagues’ opinions too) the industry’s leading agent is down to the culture of integrity, honesty and real care that permeates your company, and the careful selection of a candidate that will stay in the job. Long may it continue. I will never hesitate to use, recommend or assist Quay Crew for as long as I’m in yachting, and after.”

Chief Officer – 70m Yacht

“Having moved into the yachting industry from the commercial sector, Sam gave me valuable feedback on my CV and routes into the industry. I can highly recommend Sam to anyone looking for their next engineering position as she does her best to make sure that the yacht is right for you.”

2nd Engineer – 52m Yacht

“Having been in contact with Caroline since the summer, I felt the whole way through my search application process that she was completely on my side and has supported me and given me the confidence to propel my career to the next level.”

Chief Stew – 60m Yacht

“I would just like to take this opportunity to express how amazing Max has been in finding myself and my partner a position on a brand-new build. Max has been such a rock star in not just finding me one job but two jobs, which I am absolutely grateful for. It’s really nice to have a crew agency like Quay Crew who are reliable, trustworthy as well as always wanting to consider your best interests. The team at Quay Crew are absolutely exceptional and I will always recommend only the best for them. ”

Captain – 30m+ Yacht

“The best crew agent I have ever dealt with…always on the ball, super efficient, attentive and always available. There are so many agencies that only care about the yachts because they are the ones paying and completely ignore the crew so I want to thank you for all your help. ”

Head of Service – 100m Yacht

“I really appreciate the communication and commitment from Quay Crew and would like to mention that Tom has been incredible throughout the process. He had a vast amount of information relating to the role and yacht and knew exactly what would suit me. I highly recommend Quay Crew.”

Bosun – 60m+ Yacht

“Quay Crew was the most professional of the agencies I was using in my search. I had constant communication throughout and the whole process was personal. I’m very happy with the placement and would recommend Glen and the team to anyone. ”

2nd Officer – 65m Yacht

“What sets the team apart more than anyone else is the open and honest dialogue as well as the feeling that we’re working towards the same goal. Rather than just being another number or CV on someone’s desk, I established an amazing rapport with Glen so that he was able to really know what my goals were and where I wanted to take my career…and he was absolutely instrumental in seeing that I achieved that by placing me on my current vessel. At some point in the future, I plan to be on the opposite side of the interview process and Quay Crew will be the first agency that I reach out to.”

2nd Officer – 80m Yacht

“I wanted to say how fantastic Tom has been in finding a job for me. From first talking to him on the phone, he gave some fantastic advice about the industry and made the whole process feel calm and easy. His communication was absolutely exemplary and he went above and beyond to secure me a job. I would highly recommend Quay Crew to anyone.”

Deckhand – 90m Yacht

“I recently completed a 4 week trip through Quay crew on a yacht that Phil placed me on. I had applied for the role through other agencies but they refused [to put me forward] and Phil was the only recruiter that I spoke to who also saw flexibility in the job requirements. It’s a pleasure dealing with a recruiter that actually understands the role and the candidates suited for it. I hope to work with Phil and the Quay crew team again in the future.”

Night Navigation Officer – 80m Yacht

Latest Articles View All our team of industry experts and guest bloggers share their extensive knowledge of the superyacht sector

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4 March 2024

Yacht ETO vs. AV/IT – which do you need? By Alice Hay

26 February 2024

Crew mental health – The state of the superyacht sector 2024 By Charlotte Flake

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Productivity is way up

The reason: Americans are getting better at their jobs

A new gospel is coming out of Silicon Valley , major business conferences , and seemingly every corporate call with investors : Artificial intelligence is about to make workers way more productive.

Free from the shackles of mundane tasks, employees will be able to churn out high-quality work in half the time. In fact, the argument goes, the data shows that labor productivity — the wonkish measure of how much a worker can get done in a given hour — is already on the rise .

While another technology-driven efficiency miracle might be coming soon, the recent uptick in productivity is almost certainly more quotidian than the AI evangelists suggest . Strong economic growth is inspiring businesses to invest more in basic equipment that helps people work faster, and the more stable labor market is leading to more experienced workers with a firmer grasp of their jobs.

This may not be the earth-shattering news that technophiles believe it is, but higher productivity is still great news for the US economy. In a time when everyone has inflation on the brain, better productivity helps lift the economy's potential output, allowing for higher growth without triggering a rapid run-up in prices. I've written before that stronger, noninflationary growth is an " economic nirvana " where businesses can build, workers can increase their incomes, and households can watch nest eggs grow. And with increasing productivity, there's a better chance that America can get there.

What we talk about when we talk about productivity

First, it's important to get a handle on what exactly productivity means. At the simplest level, labor productivity is how much output (widgets, meals, spreadsheet computation) one person can complete in an hour. But measuring just how productive workers are can be tricky. Indeed, productivity is calculated from what we know: output and hours worked. Work from the Federal Reserve Bank of San Francisco, however, helps break down labor productivity into several component parts to give us a sense of the whole:

Labor quality: The more skilled or educated the workers, the more likely they are to be productive. If employees take a course on how to better perform a critical task, or if they simply stay in their jobs and learn the ropes better, overall labor quality and productivity go up.

Capital deepening : Businesses can invest in new equipment or facilities that make workers more productive — for instance, a machine that can quickly assemble parts that a worker used to have to assemble by hand.

Utilization of labor and capital resources: This refers to how intensely and efficiently existing resources are being used. Businesses can buy all the new equipment they want, but they also have to learn to deploy it optimally.

Total factor productivity: This is basically everything else not included in the factors above, such as technological advancements.

Over time, labor productivity has been driven by different elements. In the 1990s and 2000s, rising productivity was mostly from capital deepening and new innovations. In the years following the global financial crisis, businesses didn't spend much on capital, which weighed on productivity.

Since the start of the pandemic, productivity has been somewhat erratic. It fell by 1.09% on average per quarter from 2021 through 2022, the worst two-year stretch in four decades . But over the past year, labor productivity has advanced by 1.62% on average per quarter, a significant reversal and even better than the pre-pandemic period of 2015 to 2019. There are signs, however, that the US could be on the verge of an even bigger productivity boom.

The case for a productivity boom

Last year, though supply-chain snarls and other COVID-era knots had been disentangled, plenty of firms still expected the economy to go into recession , and so they curtailed their investments in new equipment and big capital projects. Conditions so far in 2024 are much improved — recession risks have receded , and corporate confidence has recovered. There are signs that this is, in turn, inspiring companies to invest more in productivity-enhancing capital projects:

The S&P Global US Manufacturing Purchasing Managers' Index points to strengthening durable goods orders. The new-orders component — which measures how much new product managers expect to be ordered in the months ahead — has climbed to 53.5, the highest since May 2022. Globally, conditions appear to be perking up as well.

The US is importing more capital goods. January's trade data indicates imports of real capital goods rose by 3.8% month over month. Over the past six months they've increased by 9.6% at an annual rate. Ultimately, imported capital goods will be used for domestic production.

Stocks are up. A rising stock price means stronger balance sheets and more collateral against which to borrow. So during a boom, there's a positive feedback loop: Rising stock prices and easier lending standards accelerate the impact on investment.

Capital spending also benefits from an accelerator effect. If companies perceive the economy as getting better, they're more likely to spend more on capital goods to meet the expected increase in demand. So when GDP growth accelerates, investment tends to rise even faster, which should push up productivity down the line.

A steadying of the labor market is also a strong sign of a coming productivity boom. In the early days of the pandemic, labor markets were red hot, driving up the rate of quitting and hiring. Employers were running around with fishnets trying to find people, and workers used their leverage. A little heat in the job market is good, but you can have too much of a good thing. It's hard to establish productivity if folks aren't actually staying in their positions for that long. Today, labor-market conditions have settled : Job openings have declined, unemployment has increased somewhat, and workers are less willing to quit their jobs. This means people are staying in their jobs longer. As workers gain experience in their roles, productivity should follow.

Total factor productivity has been particularly weak since the start of the pandemic — perhaps innovation has slowed down or employees are still getting used to new in-person or hybrid work arrangements in the remote-work era. But those hurdles should fall into the rearview mirror as the economy settles. At the same time, there has recently been a burst of new business formation. That's important since the slowing pace of business dynamism and lack of new business formation in the 2000s was said to be a reason behind the sluggish growth in productivity, particularly after 2005. The rise in business formation suggests people are willing to take on additional risk, and that should aid in productivity growth. More broadly, increased business formation ought to help allocate resources from less-productive firms to more-productive ones. Competition is a good thing!

Rising productivity lifts all boats

If productivity is indeed turning up, economists and market experts haven't fully processed the news yet. Looking at a chart of Blue Chip Consensus estimates for GDP growth back to the early 1990s, a few trends become clear. First, the consensus tends to underestimate the severity of recessions, so economists have to quickly revise down their estimates during downturns. Second, the consensus tends to be too pessimistic as the economy recovers from the recession, which is why we see upward revisions to growth immediately after a recession. And finally, there are long periods when surprises tend to flow in the same direction — a string of years when economists are consistently underestimating or overestimating growth. This tends to happen when the growth trend changes and economists are mismeasuring the change in productivity.

Productivity shocks tend to come in waves. The 2010s, when productivity consistently fell short of expectations, was a period of chronically overestimated growth: The consensus would start the year at about 3% but end up at 1.5% or 2%. By contrast, the late 1990s were a period of higher productivity growth and underestimated growth, starting the year at 2% but ending closer to 4%.

These historical examples are worth thinking about today because growth expectations are climbing. Blue Chip consensus expectations for 2024 real GDP have jumped, tripling since last summer, to 2.1% from 0.7% in June. Unsurprisingly, recession fears have collapsed. Professional forecasters now see just a 23.9% chance of a drop in real GDP in the next quarter, down from nearly 50% this time last year. If we're seeing a genuine increase in productivity, the takeaway is that it's unlikely to be fleeting. If the past is prologue, the consensus will consistently be revising up growth estimates.

The AI boom isn't here — yet

The media is littered with discussions about how AI is going to send productivity into hyperspeed. But it's probably too soon to be thinking about these factors as the main driver of recent productivity growth. That's an important part of the productivity paradox. Productivity miracles don't necessarily follow a technological breakthrough right away. It takes time for the technology to make its way through the economy and time for workers to gain the skills needed to make the most of it.

The good news is that the normalization of the economy — improvement in supply chains, balanced labor markets — is likely to result in continued improvement in business-sector productivity growth. I think "normal" is about 1.5% to 2%. There's likely some improvement on the horizon as capital spending outpaces hours worked; as a result, we'll get a bit more capital deepening this year.

The investment implications of this are clear: Stronger productivity growth implies a higher speed limit for the economy. Wages can grow somewhat faster without pressuring firms to raise prices — a positive development for the Fed, at least in the short run. On the flip side, neutral rates might be somewhat higher as a result. For stocks, stronger productivity should be welcomed, implying more growth with stronger profit margins.

Neil Dutta  is head of economics at Renaissance Macro Research.

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Written by Zuzana Bednarova

September 17 was marked by meeting of the UFI Executive Committee. During the event, the Committe approved the admission of Crocus Expo IEC as a full member of UFI in categories of “Exhibition Organizers” and “Exhibition Centres. Moscow Boat Show has been granted the status of “UFI Approved Event”.

Moscow Boat Show

UFI, The Global Association of the Exhibition Industry is the association of trade show organizers, fairground owners, national and international associations of the exhibition industry, and its partners. As of 2012, it has 608 members in 224 cities from 86 countries covering 6 continents. The association members are responsible for the management and operation of over 4 500 profile events. The association represents more than 1 000 000 of exhibitors and more than 150 000 000 visitors.

The Crocus Expo Exhibition Centre is a listed member of the International Association of Congress Centres (AIPC), the Russian Union of Exhibitions and Fairs, the Guild of Exhibition and Fair Operators by the Moscow Chamber of Commerce and Industry. Donald Tramp fund has awarded Crocus Expo IEC Diamond Excellence Award.

Crocus Expo IEC is an ideal venue for running of large international and national exhibitions of different profile including congress events, conferences and scientific symposiums.About 50% of all exhibition events of Moscow take place in Crocus Expo and average exposition space load comprises 85%.

Moscow Boat Show provides the perfect platform from which to preview new products, evaluate market trends, and establish long-lasting and commercially profitable partnerships. Despite the dynamic changes taking place in Russia and the rapid growth of the yachting sector, the show continues to complement and reflect the industry’s demand and is a promotional opportunity not to be missed!

The exposition space will increase up to 45 000 sq m in 2013. More than 350 Russian and foreign companies will participate in the show. The scale of the project confirms confident positions of its positive development.

Moscow Boat Show is the largest project in Russia presenting all the best in the world of yachting. The exhibition annually shows high level of attendance and has already proved as significant and noteworthy event in the world of yachts and boats.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "UFI approval for Moscow Boat Show".

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