the future of superyachts

The Future of Superyachts: Event Insights Through the Lens of Gen Z

Amelia Farrington, summer intern at Blue ESG, shares her views on the recent Quaynote conference, The Future of Superyachts.

Attending the Quaynote event served as an eye-opening experience for me, granting valuable insights into the world of the superyacht industry. Through engaging speakers and panelists sparking conversations, I acquired a newfound understanding of this sector.

The prevailing image that emerged was one of outdated practices, urgently in need of transformation to appeal to a wider audience. As an intern at Blue ESG, working alongside Nigel Marrison this summer, I bring a fresh perspective as an environmental science student approaching my final year at university, with no prior exposure to the superyacht industry. Allow me to share my insights and observations.

The event, titled ‘ The Future of Superyachts ’, attracted individuals who held a genuine concern for the industry's trajectory. Attendees ranged from those seeking a reliable source of income to those driven by ethical considerations. However, it is crucial to emphasize that the industry's longevity relies heavily on a collective interest and commitment from stakeholders. Without a shared sense of responsibility towards the future, the industry's very existence could be at stake.

A notable degree of arrogance within the superyacht community was alluded to, stemming from the industry's significant delay in adopting sustainable practices compared to many other sectors. It is important to acknowledge that superyachts cater to the luxury demands of ultra-high net worth individuals, making it a non-essential industry for our basic existence. Non-essential industries, especially those that have such a large environmental impact, should be at the forefront of positive change. As such, the continued discussions on the need for change and adaptation in the modern world are concerning when numerous other industries have already made substantial progress.

It is crucial for the industry to demonstrate tangible actions towards change, especially considering the continuous scrutiny it faces from the media. Considering the imminent need for widespread transformation, one would expect a sense of urgency. However, the industry's prevailing arrogance seems to suggest a misguided belief that change may not be necessary. Of course, this is far from the truth, as adaptation is inevitable for everyone.

The attendees of the conference demonstrated a shared commitment to enhancing both the sustainability of their respective companies and the superyacht industry by learning from each other. With the unification of these forward-thinking individuals who share a common vision, the industry has the potential to receive the much-needed direction and leadership required for comprehensive transformation.

Undoubtably, improving the sustainability of the industry will only attract more clients. When potential clients perceive an industry where the wellbeing of the crew is prioritised, where positive impacts on the environment and communities are actively pursued, and where collaboration with governments is seamless, it transforms the industry into a far more attractive proposition. The negative perceptions associated with the superyacht industry are removed and replaced with a sense of positivity and shared responsibility.

Crew retention, quality and overall happiness emerged as significant concerns among attendees at the event, and addressing these issues promptly is crucial. Implementing enhancements in training, support systems, communication channels, and leadership practices holds the potential to instigate a positive transformation in the working environment, ultimately making it a more sought-after and appealing career choice. By prioritizing these areas and fostering a culture of continuous improvement, the superyacht industry can create an environment that nurtures professional growth, ensures the wellbeing of its workforce, and encourages open dialogue and collaboration.

Such positive changes will not only attract talented individuals but also contribute to higher job satisfaction, productivity, and long-term career prospects within the industry. Listening to individuals who are proactively improving this area was encouraging, as it shows positive change is already in motion.

There is an obvious lack of confidence among industry stakeholders to initiate proactive change, with many seeming to wait until regulations mandate the necessary transformations. Delaying change until regulations force compliance may lead to rushed and potentially damaging adjustments that could harm the industry and its reputation in the meantime. Embracing the role of a ringleader in driving change opens doors to financial rewards and discounts, improved reputation, enables cost savings, and ensures a viable future for businesses and superyachts.

The future should be viewed as an exciting prospect, with the potential to redefine the industry’s image. This is an opportune moment to reinvent the superyacht sector, fostering a positive perspective that resonates with all stakeholders while actively contributing to the betterment of communities, people, and the environment. The necessary investment and capable leaders are already present, by connecting the two, the perfect partnership can facilitate the drive to a brighter superyacht future.

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The future of sustainable superyachts

29 Jun 2023

Since the dawn of the superyacht in the early 20th century, the industry has been synonymous with opulence and grandeur—a reputation that rarely includes environmental considerations. But superyacht builders and buyers have not ignored Net Zero objectives. In fact, many builders are now channelling intense focus toward sustainable superyachts.

Traditional building practices are increasingly being replaced by eco-friendly alternatives, ranging from zero-emission propulsion systems to the use of recycled textiles onboard. The result? Superyacht owners in search of a ‘greener’ solution currently enjoy an abundance of sustainable choices.

In this article, we’ll explore how luxury superyacht builders seek to balance the pleasures of marine travel with planetary well-being.

Electric power

Battery-powered yachts, once a pipe dream, are now an enticing reality. Dutch yacht builder Feadship pioneered the use of electric power in the 83.5-metre Savannah , the world’s first fully electric and emission-free superyacht. By eliminating fossil fuels, electric power offers owners the dual benefits of silent cruising and a significantly smaller carbon footprint. Savannah uses Feadship’s Breathe propulsion system, which enables five different operation modes, from diesel and diesel-electric combinations to fully electric power. The yacht boasts a 30-tonne lithium-ion battery bank capable of holding a million watts of electricity.

Another hybrid superyacht, the 106-metre Oceanco creation Black Pearl , is one of the largest and most ecologically friendly sailing yachts in the world. She can cross the Atlantic without burning any fossil fuel thanks to her three 70-metre carbon masts on the world’s largest DynaRig sailing system and an innovative propulsion system that harvests kinetic energy when under sail.

Hydrogen power

Hydrogen power is another trailblazing technology that is gaining traction in the world of sustainable superyachts. Dutch firm Sinot Yacht & Architecture Design was responsible for the first hydrogen-powered yacht. Aqua is run entirely on liquid hydrogen stored in two 28-tonne vacuumed tanks, though backup diesel generators can power the vessel if needed. Four of the world’s largest builders are also developing hydrogen fuel cells for marine use: Lürssen, Baglietto, Tankoa, and Feadship.

Unlike gas-powered combustion engines, the only byproduct of hydrogen fuel is water. With no harmful outputs, hydrogen power seems like a dream come true—though there are challenges. Hydrogen power is currently behind diesel and electric motors in both output and efficiency, and safety concerns are still very real. Hydrogen is highly flammable, requiring massive speciality tanks for its storage that occupy a huge amount of interior space.

Sustainable superyacht design and interiors

Beyond alternative power sources, other sustainability initiatives in the superyacht industry extend to construction and design. Modern yachts are being built lighter and with more fuel-efficient design than their traditional counterparts, which minimises environmental impact for even diesel-powered engines. Optimised hull shapes and lightweight materials reduce drag and fuel consumption.

Recycled textiles used to create luxurious interiors are another key trend, as yacht owners resist the idea of sailing the oceans while surrounded by materials that contribute to its decline. Materials like hemp, cotton, and recovered ocean plastics are being transformed into high-end upholstery, curtains, and carpets.

The explorer yacht Yersin was constructed from 95% recyclable materials, including recyclable resin decks that substituted wood for a more sustainable alternative. Yersin ’s ice-classed hull has been coated with a non-biocide silicon antifouling layer, while the yacht’s dynamic positioning minimises the impact of the anchor when dropped.

Clearly, superyacht builders are not shying away from the latent possibilities in sustainable construction. And where larger-scale vessels have led the way, smaller boats are sure to follow.

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Taking care of your luxury assets is crucial to preserving their value and enhancing their worth. IQ-EQ’s specialist team creates bespoke holding and leasing structures as well as providing a comprehensive range of support services, from vessel registration to commercial chartering and other administrative concerns specific to yacht ownership.

Contact our specialist team to learn how we can support and protect your luxury assets.

Meet the author.

Edward Leigh

Client Services Director, Isle of Man

Isle of Man

You might also be interested in…

Want to read more about sustainability in luxury assets? Check out Ed Leigh’s other recent article:

Sustainable aviation: making Net Zero possible

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Superyachts of the Future Will Include This Shocking Design

By Dan Avery

A “gaping hole” in the middle of your boat might sound like a major structural issue, but it’s actually the design focus of Shape, Lazzarini Design’s new 226-foot superyacht concept.

Accessible through a door in the bow, the customizable “void” is fitted with portside steps to take passengers down to the ocean for a dip. If you’re not that adventurous, though, there’s also a glass-bottom infinity pool on the upper deck that dips down into the hole and allows swimmers to observe those below.

Another view of The Shape by Lazzarini Design.

A sun lounge and diving platform are situated on the stern, while the living area at the bow offers 115 feet spread across three decks—six luxury suites on the first level, shared crew living quarters on the second, and a command center, helipad, and private Jacuzzi on the third.

“Shape stands out from the rest by avoiding an unnecessarily elaborate design and by instead having a striking silhouette,” the studio says of the sleek silver craft.  “Because we placed a void inside the concept’s superstructure, there is a real luxury quality about the living space.”

Italian designer Pierpaolo Lazzarini, 39, is known for playful and futuristic concepts for watercrafts, most notably his “jet capsules” and a 450-foot swan-inspired yacht concept, Avanguardia .

But Shape was also crafted with an eye toward sustainability: It will run entirely on clean energy, with a hydrogen-powered propulsion system and a large solar panel on the sundeck that provides electricity for all onboard systems.

By Katie Schultz

By Lila Allen

By Dana Thomas

By Rachel Wallace

Voyaging in Luxury: The Evolution and Future of Superyachts in Travel

• October 11, 2023

Imagine cruising through azure waters, the gentle sea breeze caressing your face, and the sun setting over the horizon as you sip champagne on the deck of a magnificent superyacht. For many, this epitomizes the ultimate in luxury travel. The allure of superyachts has captivated adventurers, explorers, and leisure-seekers for decades. In this blog post, we will embark on a journey to explore the evolution and future of superyachts in the world of travel, guided by the expertise of Simpson Superyachts , and discover how these floating palaces are shaping the future of luxurious voyages.

The Timeless Elegance of Superyachts

Superyachts have a rich history that spans over a century, and throughout this time, they have consistently embodied opulence and sophistication. These vessels are more than mere modes of transportation; they serve as floating palaces, providing a complete lifestyle experience on the high seas. The origins of superyachts can be traced back to the early 20th century when affluent industrialists and royalty commissioned these vessels. What set them apart was not only their seaworthiness but also their opulent and meticulously designed interiors, reflecting the wealth and exquisite tastes of their owners.

The classic elegance of superyachts is a testament to timeless design. From the sleek lines of motor yachts to the billowing sails of sailing yachts, these vessels blend seamlessly with the natural beauty of the open sea. Today, superyacht designers continue to draw inspiration from the past while embracing cutting-edge technology and innovation to create vessels that are as breathtaking as they are functional.

The Evolution of Superyachts

The evolution of superyachts is a captivating journey that showcases the industry's commitment to pushing boundaries. The early 20th century saw the emergence of motor yachts, which revolutionized yachting by replacing traditional sail propulsion with engines. This shift not only increased the speed and efficiency of yachts but also allowed for larger and more luxurious interiors.

Over the decades, superyachts have continued to grow in size and sophistication. The 1980s and 1990s marked the era of massive "megayachts," exceeding 100 feet in length and featuring amenities that rival those of five-star resorts. Today, the largest superyachts in the world are true floating palaces, boasting multiple decks, swimming pools, helipads, and even miniature submarines.

The Future of Superyachts in Travel

Image credit

The future of superyachts in travel holds the promise of continued excitement and innovation. These vessels, once symbols of pure luxury, are now becoming champions of sustainable and responsible exploration. Environmental consciousness has taken center stage in yacht design, leading to significant advancements in areas such as hybrid propulsion systems, state-of-the-art waste management solutions, and energy-efficient technologies. These developments not only enhance the onboard experience but also help reduce the ecological footprint of superyachts, aligning them with the global commitment to environmental conservation.

The world of superyachts is opening its doors to a broader spectrum of travelers. Charter services are making it possible for individuals who do not own these opulent vessels to indulge in the luxury of a superyacht vacation. As the superyacht charter industry grows, so do the destination choices. Travelers now have the opportunity to explore remote and pristine locations that were once reserved for the privileged few, all while enjoying the unmatched comfort and style that superyachts provide. This accessibility is reshaping the way we perceive and experience luxury travel on the high seas.

Moreover, the integration of technology is transforming the yachting experience. From state-of-the-art navigation systems to entertainment and connectivity options, modern superyachts are equipped to cater to the digital needs of travelers. Virtual reality tours, underwater drones, and advanced communication systems are enhancing the onboard experience.

Simpson Superyachts: Leading the Way

In the ever-evolving world of superyachts, Simpson Superyachts stands as a beacon of excellence. With decades of experience in yacht sales, charter, and management, it has been at the forefront of the industry. Their commitment to delivering unforgettable experiences, combined with their expertise in all aspects of superyacht operations, has earned them a distinguished reputation.

Whether you're a seasoned yachtsman or a newcomer to the world of superyachts, Simpson Superyachts offers a wealth of services that cater to your needs. From helping you find the perfect yacht for sale or charter to managing every aspect of your yacht's operations, they are your trusted partner in the world of luxury yachting.

Final Thoughts

The evolution and future of superyachts in travel represent a captivating blend of timeless elegance and cutting-edge innovation. These vessels continue to redefine luxury, offering travelers the opportunity to explore the world's most beautiful destinations in unparalleled style. As technology, sustainability, and accessibility take center stage, the superyacht industry is poised for an exciting and sustainable future.

So, whether you dream of sailing to secluded islands, cruising along the glamorous coastlines of the Mediterranean, or embarking on an adventurous expedition to the polar regions, the world of superyachts invites you to voyage in luxury and create unforgettable memories on the open seas.

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The future of luxury

As scrutiny on luxury sectors increases with regard to environmental impact, the yacht industry is taking proactive steps to drive a change from consumption to sustainable luxury through projects designed to promote a new approach in design.

Superyachts are often cited as being the ultimate showcase of craftsmanship, artisanal skill and bespoke design. But that we need to add a fourth arm, because superyacht interiors are at the forefront of another growing trend – sustainable luxury. If you’re not quite sure what that means, it’s where what was once cherished as the ultimate finish – a rare wood, an exclusive type of leather – is being replaced by exceptional new sustainable materials that are being created from hemp, fruit skins, recycled plastic and any number of other innovative processes. It’s not only becoming big business, it’s set to be the next great trend in fashionable interior design, driven by a wave of eco-conscious designers.

As Andrew Winch – founder of Winch Design , one of the original and certainly one of the most iconic yacht design studios – says, green innovation is being elevated to the forefront of sustainable yacht interior design. “We have designated in-house what I call an investigator into ecological products,” he enthuses. “She spends her time researching all over the world the items that have the most ecological footprint, from manufacture, from not using child labour to material use and product, and then it spreads out like a cobweb to all of our projects.”

Alessandro Pulina

Making moves

It’s a move that is being mirrored all over the yacht industry as the sector looks at how to reduce its carbon footprint. For Alessandro Pulina, CEO of Pulina Exclusive Interiors, the drive to create sustainable luxury has led to an exciting new programme which he has called Aligned With Sustainability, which seeks to investigate, develop and promote eco materials for interiors to show that the superyacht industry can embrace sustainable change and still produce extraordinary, luxury finishes.

“My idea was to make a substantial and very realistic contribution to the choice the boating industry must take to show where it stands,” Pulina asserts. “This sector is already doing a lot of work by reducing consumption and emissions to protect the planet’s seas and oceans, but we need to do more. The use of new biotech materials in yachting interior design plays a key role – oranges, lemons, figs and hemp are among the materials that will increasingly be used in sustainable design.”

Collaboration is key

It is important to realise that Aligned With Sustainability, while initiated by Pulina, is not a solo project – it draws on the expertise and forward-thinking impetus of several key Italian companies who have essentially joined the project as development partners. Those include lighting company Cantalupi Light Engineering , who started using energy efficient LED lighting back in 2005 and who promoted an event in Monaco where the project was presented to clients and the press. Then there is Artep which makes custom carpets from natural materials.

Venturing into more unusual ground, Ohoskin joined the project – a Sicilian company that transforms orange and prickly pear by-products into an alternative material to animal skin; Rada, which produces textiles from natural fibres and recycled materials; and VGHN, a Tuscan company that processes hemp. Further, the AWS project was born with the Sant’Anna Institute of Pisa . “What these companies illustrated is a perfect framework in which to combine our contemporary creative design with their materials,” Pulina says.

The enthusiasm is shared by those partner companies. “Ohoskin started with the idea of using a patented circular economy,” the company’s CMO Alessandro Scuderi has said. “We only use regenerated products, resulting in a fully recyclable material.” It is here that luxury and sustainability combine.

Awareness of superyacht owners

There’s a key reason – beyond our own social responsibility – for the superyacht industry to get on board with sustainable luxury initiatives, says Pulina, and that’s because the world is waking up to the importance (and the optics) of creating as minimal an impact as possible. It’s also true that the money available from superyacht clients keen to invest their own capital into developing new products and materials has a beneficial knock-on effect for the wider consumer market. What’s more, Pulina points out that the age of the average boatyard customer has dropped significantly in recent years, and it is mainly customers in the 35-45 age bracket who are buying pleasure boats.

“These are environmentally aware buyers, informed about the most innovative safeguard systems, curious to learn more and aware enough to want to do their part in reducing environmental impact,” Pulina offers. “The yachting industry is in the middle of this transition and is tackling it by developing innovative technical solutions and using sustainable products,” he continues. “Involved in this green revolution, however, are not only the industries but also the governments, legislators and above all consumers, who must be the first to be given the right stimulus to understand in which direction we need to go today.”

Pulina Exclusive Interiors

A future for superyachts

Pulina and the Aligned With Sustainability partners are certain in the need for such projects because, they say, it is becoming increasingly urgent to push the foot on the accelerator and get closer to concrete solutions that intervene to save our planet from wild pollution that is seriously jeopardising the future of the next generations. The major players in the nautical industry are aware of this, they add, and in a sector that is not easy to go green, are spending resources and energy on targeted investments that support research in the right direction to make a strong and significant contribution to environmental protection. “Everyone is conscious of the goal set by the UN Agenda and the EU Green Deal of climate neutrality by 2050,” Pulina confirms, “an ambition that is necessary and cannot be ignored.

“For the moment,” he concludes, “I can say that yacht interior design is preparing to soon welcome ideas and projects born from a synergy of intentions and skills that will put the protection of the planet and human health at the centre of an ambitious project in a sector that has been waiting for something truly revolutionary for so long.”

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The Future of Superyachts

For many, superyachts are a pipe dream, beacons of beauty that are admired from afar as they glisten like diamonds in marinas from Monaco to St. Barths. However, the superyacht industry is big business on an international level.

It has incredible economic benefits and an annual turnover of €24 billion. In the last decade, the superyacht fleet has more than doubled and the industry directly employs around 165,000 personnel worldwide, either at sea or on shore.

Superyachts are pioneering powerhouses when it comes to developing innovative design and technology as well as avant-garde sustainability practices. Times are changing at lightning speed; there is a new generation of superyacht owners who are redefining superyacht ownership. So what will this look like for the future of superyachts? 

We spoke to a titan of the industry, Stewart Campbell, Editor-in-Chief of Boat International, the global authority in superyachting and Charlotte Thomas, Editor-in-Chief of the Super Yacht Life Foundation which champions the people, places and projects in superyachting to find out more.

Stewart revealed, “Nowadays comfort is king. For the first generation of superyachts owners, it was all about darker, heavier interiors – and a fair amount of bling. The new generation aren’t interested in that, they just want a place to escape that is comfortable for them and their families.”

Charlotte agreed, “Owners with unlimited wealth used design as a status symbol. They fitted as many gold taps as they possibly could onto their boat; thank god those days are over.”

Stewart added, “Owners are getting younger. More people have come into the industry in the last couple of years than have ever come in a single flurry before. The industry has been absolutely on fire.” 

One of the most expensive yachts in the world is 162 metre Eclipse, which is reported to be owned by Roman Abramovich. It was designed by Terry Disdale and built by Blohm + Voss with two swimming pools, two helipads and many hot tubs. What is most impressive is its security system which reportedly includes bulletproof windows, an anti-paparazzi shield and a submarine which can transport guests 164 feet below the surface of the ocean.

The new dynamic generation of superyacht owners aren’t concerned with ostentatious displays of wealth; the gold taps are being replaced with an investment in avant-garde technology and more minimalistic designs.

Stewart said, “Owners are getting a lot more sensible with their choices, using fewer rare materials and wanting less formality.”

He added, “The people buying 50 metre boats aren’t princes or billionaires, they’re often just people who have done very well in business and want somewhere to escape with their families. Every superyacht owner will tell you that a yacht brings families together in a way a villa, for instance, never could.”

Stewart explained, “Superyachts this size also give you an opportunity to live in the closest possible proximity to the water, the new generation are embracing a more seamless design that brings water closer than ever before. This means lots of spaces that really blur the lines between the interior and exterior. It still incredibly luxurious, but it’s a bit more of a barefoot philosophy.”

Superyachts offer the opportunity to live in true harmony with the aquatic environment and the new generation are embracing a more seamless design that brings water closer than ever before.

Stewart explained, “It is the ultimate articulation, the inside, outside expression. Allowing you to get close to the sea whilst in a luxurious environment.”

Sinot Yacht Architecture & Design presented the ultimate yacht for the new generation in 2022. Poetry is a stunning 130-meter superyacht concept and a spectacularly beautiful home on water.

At the heart of Poetry is its deep connection with the water, through the decks which flow to the infinity pool, slowly descending towards sea level. The sea pool is a wonder, created by lowering one of the hatches under the sea level, extending a filtering bulwark to allow the seawater to rush in for the ultimate saltwater dip.

Many pioneering technologies are developed by shipyards and tech companies are rising to the challenge to enhance groundbreaking onboard entertainment and security features.

American computer engineer Bill Joy is one of those pioneers. He developed his sailing boat Ethereal around fuel cells when they were only used in spacecraft but not viable for everyday transport.

Charlotte elaborated, “The industry has a long history of brave owners who push boundaries, particularly with technological developments. Joy put millions of his own money into developing fuel cell technology. Now you can almost buy them off the shelf. They are going to be the future of transport.”

Michael Blake, president of Palladium Technologies developed AI for 40 years, he then retired and got bored so he developed bridge systems.

Charlotte explained, “His inspiration was the film Minority Report, where they’re moving things around with transparent screens. Now Minority Report style control systems are being installed on a couple of the superyachts.”

She exclaimed, “First the tech is on a yacht, then it’s in your home and your car, it’s so exciting.” 

With so many emerging technologies developing, the superyacht industry seems to have secured a thrillingly innovative, responsible and sustainable future.

Charlotte revealed, “We are driving the future. Some of the technologies we are producing will revolutionise other sectors. This industry isn’t just about an oligarch and his $500 million yacht.”

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The future of superyachts.

Caroline Blatter 13 Jun 2023 South Coast of England & London / United Kingdom / About/General Information

Join over 80 high level attendees at this one-day conference at the Millennium Gloucester Hotel in London , on Thursday 29th June, 2023 will  cover key topics and engage a broad spectrum of leaders including superyacht captains, charter brokers, agents, yacht managers, tourism specialists, policy-makers, sales brokers, family offices, financiers, lawyers and corporate service providers in broad conversation and debate.

The Future of Superyachts will address industry skill shortages going forwards, the evolution of superyacht insurance, legal developments set to shape the future of the industry, cryptocurrency, sustainability and so much more.

Sponsored by Tax Marine & Aviation Spain, Covership and Studio Piana Illuzzi Queirolo Trabattoni, 

the exciting event will be chaired by Andrew Grant Super, MD of Berkeley Rand.

The conference programme will focus on key topics such as:

* What`s the future for the Superyacht Industry? * How can we address industry skills shortages going forwards? * How will superyacht insurance evolve? * What legal developments will shape the future of the industry * Crypto, AI and XR explained * The Media & the Superyacht Industry: How is the superyacht media changing and how well is the industry taking advantage? * Sustainability and Ecology: How can we really make an impact?

Speakers include:

Thomas Mukamal , CEO, Island Global Yachting,   IGY

Dasha Moranova, Founder & Creative Director, Dasha Moranova Designs

L iam Steevenson MW , CEO and Master of Wine, Global Wine Solutions

Simon Turner , Sales Director, Sunreef

Jo Assael , Commercial Yachts, Dohle Yachts 

Paul Cook , COO, Hill Robinson Yacht Management

Andrew Hair, Director, Azimuth Nautical Solutions 

Ed Ewer , CEO, Superyacht Recruiter

Vincent Huens de Brouwer , Managing Partner, Yacht Insurance Broker, Covership

Matt Halpin, Lead Class Underwriter (Yacht & Marine Trade) Lead Yacht / MS Amlin

Aaron Jago , Associate Director, Marine & Aviation (Yachts), Tysers

Nicola Kingman , Syndicate Manager – Yachts, Yachtowners

Joanna Drysdale , Manager, Underwriting Services, MHG Insurance Quentin Bargate , Founder & Chief Executive Officer, Bargate Murray

Janet Xanthopoulos , Rosemont International / Rosemont Yacht Services

Alex Chumillas , Tax Marine & Aviation Spain SL

Elisavet Kapasakali , SK Law Carla Bellieni, Partner, Studio Piana Illuzzi Queirolo Trabattoni

Jonathan Wood , Chief Commercial Officer, HAYVN Global

Christophe Bourillon, CEO, PYA

Claire Ferandier Sicard, Founder & CEO, Sustainability Specialist         

Dominic Bulfin , Director, Bargate Murray

Natalia Langsdale , Founder, Myth vs Reality Circle of Luxury Professionals

Merijn de Waard, Founder & Managing Director, Superyacht Times

Claire Hagen , Head of Social Media & Digital Communications, Fraser Yachts

To register for a delegate place or to find out more information on the event, click image below: 

In Pictures

By SuperyachtNews 11 Apr 2024

The future of The Superyacht Group

Chairman and editor-in-chief martin redmayne outlines the opportunity to move in a new, intelligent and strategic direction….

Following the recent acquisition of The Superyacht Forum by the Amsterdam RAI, we want to share with the market our motives and plans for the future.   Having been in the industry for more than 35 years and watched the evolution of the media landscape, with various publications coming and going, information and news websites emerging and the event calendar becoming massively congested, it seems logical to pivot into a new era and focus on what we think the market still needs and expects from The Superyacht Group – serious information, respected opinions, real analysis and strategic advice.

Therefore, we have made a clear decision to focus on our two-core information and intelligence channels – The Superyacht Report and SuperyachtNews.com – and then invest our time and continue to build our team for the future of The Superyacht Agency . Yes, The Superyacht Forum was one of our flagship brands and we enjoyed the time we spent with the market and the hundreds of industry leaders who joined us every year. However, we believe that after 30 years, the time has come to step out of the big event scene and move into what we will call The Superyacht Focus Groups (working title), smaller gatherings of experts with strategic objectives linked to some of our core editorial topics and to our consultancy projects.

The Superyacht Report will evolve into a powerful quarterly work of reference, driven by timely themes and supported by relevant market analysis and forecasts that will keep the market informed with credible intelligence. SuperyachtNews.com will undergo some strategic changes and improvements to clearly differentiate our information mission and vision from all of the other superyacht websites that currently exist. You may have noticed our “we don’t do click bait” campaign; this will be reinforced and strengthened over the next year and you will see a shift in the content strategy, where we promise to only publish information that we feel is interesting, relevant and credible, aimed directly at those people who want something that’s worth reading.

This is an exciting time for The Superyacht Group and we want to step out of the typical media landscape, not just responding to information that is fed via PR machines and then regurgitated as fresh, but duplicated content, using the words ‘exclusive’ or ‘breaking news’. We will work with industry experts, technical partners, regulators, consultants and respected advisors in the market to generate serious and valuable news content, opinion pieces, technical reports, white papers and features. We want SuperyachtNews.com to be the information platform that is an aggregator and source of real information – so owners, family offices, captains, advisors and intermediaries will rely upon its in-depth archives for research, validation and valuable insights into all aspects of the market.

Along with these two powerful and respected media channels, read and referred to by the most important network in the industry, our focus will also be directed on The Superyacht Agency, which has for the past ten years been a form of stealthy consultancy division, in the world of market forecasting, analysis, due diligence, strategy and business modelling. Operating under the radar, working for owners, investors, CEOs, CFOs, regional governments, tourist boards and financial institutions, we are excited to broaden our scope and raise our profile over the coming years to become the leading strategic consultancy, focused on the superyacht sector.

Having worked on a range of strategic research projects from the Philippines to Palma Mallorca, from the Maldives to Marseille and from Saudi to Singapore, we recognise that the superyacht market is about to go through some fundamental shifts in the next ten years. Investors are looking to buy into the market, owners are looking for more clarity or due diligence, CEOs are looking for independent advice and opinions, business leaders are searching for an exit, suppliers are looking for market validation and strategic insights. The whole market is looking for intelligence and forecasts that are not just based on counting orders, transactions and deliveries.

The Superyacht Agency has evolved from being a strategic branding and marketing agency into a strategic business consultancy, similar to a Deloitte or McKinsey, but exclusively focused on the superyacht eco-system. Having delivered more than 150 consultancy projects to a wide spectrum of clients, ranging from competitor benchmarking to migration studies, from economic impact studies to business modelling and validation, not to mention due diligence for owners on shipyard or yacht selection and brand analysis for some of the most powerful brands in our industry, we feel confident that this fits our future plans and is where we can add the most value to the market. If you would like to discuss utilising the Superyacht Agency consultancy services, email [email protected] or download our 2024 media pack and one of our team will be in touch.

With our two powerful media channels and a brilliant industry network of experts and advisors, combined with our team of journalists, analysts and market researchers, our plan is to create the most respected information and intelligence resource for industry leaders and support this model with a sector specific strategic consultancy that helps owners, investors, governments and CEOs become smarter, more efficient and more effective for the future.

And just to let you know, you will see The Superyacht Group feature on stage at The Superyacht Forum and during other events in the calendar, but in a completely different role. We will be driving the conversations and debates, presenting unique intelligence and strategic analysis to make sure the industry is always moving forward and growing.

It’s an exciting time and we’re looking forward to this new focused direction.

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Submersible superyachts for billionaires: This Austrian company wants to build them

E ditor’s Note: Sign up for  Unlocking the World , CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments.

There’s been a trend in recent years for billionaire basements – subterranean extensions to the homes of the rich and famous, where they can bunker down and live large.

Now an Austrian company wants to extend this opportunity for deep-dive delights to the world of superyachts, by building customized private submersibles that can descend 250 meters (820 feet) beneath the ocean surface and remain submerged for up to four weeks.

Migaloo has revealed its ambitious plans for what it claims will be the “world’s one and only private submersible superyacht,” offering “a not-yet-existing alternative to large privately owned surface vessels.”

Billionaires’ playground

This submarine, named M5, would measure 165.8 meters in length and 23 meters across at its widest point, with a range of around 15,000 kilometers and a speed of up to 20 knots when surfaced (or 12 knots when underwater). However, says Migaloo, “The wished dimensions of the submarine-yacht hybrid, the exterior styling and the interior design are up to the owners’ preferences.”

So, like any billionaires’ superyacht worth its salt, the default design includes a helipad, a swimming pool and spa, a gym, art gallery cinema, party area with DJ booth, along with plenty of spaces to lounge or dine. Optional extras include a hot air balloon and underwater shark-feeding station.

There are also sub-tenders that can be specified, so up to 12 guests can set out on smaller submarines for more water-based antics.

‘Private submersible fortress’

“Owners are looking for privacy, security and protection for themselves, their guests and their valuables,” says CEO Christian Gumpold on Migaloo’s website. Customized security systems will be provided by US partner SAFE, promising “beyond military grade protection” for what it’s calling a “private submersible fortress.”

What’s the price tag on this private water wonderland? Well, there is no specific project price tag, due to all those juicy customization options, but the widely reported estimate for the Migaloo M5 is about $2 billion for starters (and that’s before you consider maintenance).

Submarine dreams

The M5 uses proven technologies borrowed from existing motor yachts and submersibles, such as double-hull construction and multiple pressure hulls, which helps on the safety and feasibility fronts. Although the question still remains as to who is deep-pocketed enough to buy this submersible Bond villain lair.

It’s not the first attempt to create a luxury submarine. Aston Martin revealed plans for a $4 million concept vessel in 2017. And it’s not the first time Migaloo has hit headlines for floating its extraordinary visions. At the Monaco Yacht Show in 2015, it showcased plans for Kokomo Ailand , its 80-meter-tall private floating island (with waterfall) that you can sail.

So will the Migaloo M5 concept vessel sail happily into reality or sink without a trace? It’s hard to say, but there’s probably some time to start saving your pennies.

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Dynamiq launches superyacht refit services in Antalya Free Zone

Turkish builder Dynamiq has announced it is now offering refit services for superyachts up to 65 metres in the Antalya Free Zone.

The move aims to establish a new hub for yacht refitting services in the south of Turkey, where the government has authorised a special tax regime for lower costs. According to Dynamiq, this means that yachts are protected throughout the refit period while the extra tax savings will allow Dynamiq to offer services at a more competitive price. 

"Dynamiq aims to be the go-to shipyard in Turkey for any refit needs, whether it's routine seasonal upkeep or extensive modifications, including complex conversions," said the yard.

The first vessel to participate in the refit program is the 38.6-metre Dynamiq motor yacht Spring (ex Jetsetter ), which recently arrived in the shed for interior upgrades, a propulsion system overhaul and more. 

Dynamiq has also recently appointed Candaş Balcı of BLC Yachts as its exclusive dealer in the Republic of Türkiye.

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Quaynote Communications

Specialist conference and communications company

Future of Superyachts

January 10, 2021 by

Taking place in Palma, Mallorca on Tuesday, 15th October, 2019, The Future of Superyachts, is a one-day conference exploring international and regional developments in the superyacht industry.

Quaynote Communications, the specialist conference company with a successful track record of staging events across Europe, Asia and north America, has partnered with the Islander magazine, the monthly publication distributed across the yachting hubs of the western Med, to jointly produce The Future of Superyachts.

Targeting superyacht managers, marina operators, charter agents, lawyers, corporate service providers, tax consultants, registries, refit & repair yards, industry associations, captains, brokers, and other professionals, The Future of Superyachts will bring together senior industry figures for networking and discussion.

The Future of Superyachts will discuss the latest topics of global interest, while acknowledging the importance of Spain as a superyacht hub and destination: * Global Trends and the Market in Spain * The moorage problem * Tenders & Toys * The role of aviation in superyacht operations * Refit – painting & warranty * Marina development: around the world * Marine conservation * The Future of Palma

As a participant at The Future of Superyachts, you will be joining a distinguished roster of leading organisations expected to attend this important event. In order to make the most of your time at the conference, you wish to consider becoming a speaker, exhibitor or sponsor. If you would like to find out more about the opportunities for your company, please contact us now:

Lorna Titley, Director, Quaynote Communications

T: +1 604 9966937 [email protected]

Alison Singhal, Director, Quaynote Communications T: 44 (0) 203 560 8154 [email protected]

Chaired by: Ken Hickling

Director, Sherpa 63

Catrin Bassett

BM Composites Distribution Manager

Catrin has a background in commercial sales and marketing in the music industry and was Commercial Director of EMI Records in London and also an International Manager in Europe and South East Asia.  She has also worked in Business Coaching with companies in Paris and Madrid including Nespresso, Clarins and the European Central Bank.  She joined BMComposites recently to help expand the existing product distribution business with Gurit and other brands and co-ordinate marketing across the company.

James van Bregt

Yacht Agent and Editor (for Yacht Guides), Estela Shipping

James spent a 30-year career in the City of London’s commodities markets and co-founded a successful publishing business, sold to Thomson Reuters in 2008. As a freelance business copywriter, James moved to Mallorca in 2016 and wrote Estela’s second annual edition of ‘The Y Yachting Itineraries’, joining the yacht agency full-time in 2018. He is the editor of The Y and is responsible for Estela’s social media and communications. During the season, he becomes one of the agency’s operational team, working to support captains and crew when visiting the Balearics.

Pat Bullock

Network Marine Consultants

Fiona McCarthy

Charter Broker, Fraser Yachts

Fiona hails from Dublin, Ireland, and grew up sailing in Dublin Bay and the Northern Loughs. She read Chemical Oceanography at Southampton University before she embarked on her career as an Oceanographer in Bermuda.

Her passion for yachting soon took her out to sea again, and she went on to work on yachts (predominantly sailing yachts) for 15 years as Chef, Mate and Purser. This has given Fiona an extensive knowledge of yachts, chartering from an operational perspective as well as many fantastic cruising areas including the Eastern and Western Mediterranean, the Caribbean, the Bahamas, East Coast USA and Pacific Mexico.

She has since worked ´onshore´ at yacht builders and as a charter broker with FRASER YACHTS.

Invisible Crew

Jens Oomes is the Creative Encouraging Organiser or CEO of Invisible Crew. With his crew selection, consultancy and concierge services he focuses solely on yachts between 50ft and 100ft.   Jens has decided to focus on this niche about 10 years ago as a transitioning to a land based life after skippering 50ft to 90ft yachts full time together with his wife. He is passionate about this size range and noticed that there were a lot of issues that their owners were confronted with. With no companies lazer focusing on them, Jens saw an opportunity to offer professional guidance to both owners and crew.

Joost Goverts

Sales Broker & Managing Director, Northrop & Johnson

Northrop & Johnson Managing Director and Senior Broker Joost Goverts has, with Simon Turner, co-managed the development of the Palma office into a globally renowned brokerage for sailing superyachts. Joost’s passion for sailing has been a significant factor in his rise to one of the leading sail superyacht brokers in Europe. It is, however, his fundamental belief that world-class brokerage professional services are built on a deep understanding of the process of yacht transactions that attracts clients for both sail and motor superyachts.

Since 2002 Joost has been a central figure in Palma’s yacht brokerage community, and he has been Co-Managing Director of Northrop & Johnson Spain since 2007. His clients look to him to leverage this experience and his proven ability to defend his client’s interests during the peaks and troughs of the market and economic cycles.

Natascha Weber

Senior Charter Broker/Charter Manager at Northrop & Johnson Spain

Juergen Koch

Fraser Spain

Juergen Koch started as a Yacht Broker with Camper & Nicholsons in 1984. Five years later he was hired by the Lürssen Shipyard to build up their sales and brokerage department. Luerssen Yachts Spain became later Koch, Newton & Partners, which developed into one of the world’s top companies with a reputation second to none. In 2006 the company was purchased by Merrill Stevens. However, after Merrill Stevens gave up all yacht services and brokerage activities, Juergen and his team in Palma de Mallorca joined Fraser in 2009 for their vast global presence and fully integrated spectrum of yacht services.

Alejandro Bonet Templeton

Nautica Legal

Alejandro Bonet Templeton  studied Law at the University of Salamanca (Spain), with specializations in International Private Law in Lithuania (Mykolo Romerio University of Vilnus) and Corporate and Private International Law in Santiago de Chile (Pontificia Universidad C., Santiago de Chile.).

He is partner in Nautica Legal, leading its brand expansion in the Balearics Islands from Ibiza, specialized in Maritime Law within the yachting sector, assisting in matters related to purchase of yachts and berths, charter licensing in the Balearics and litigation and pioneer in Ship Arrest in relation to berth and contractual liabilities.”

Begüm DOĞULU

Owner / Managing Director, Begüm Yachting

Franc Jansen

JMS Yachting

Peter Murray Kerr

Director, PMK Yachts & Moorings

Peter Murray Kerr is the Director of Port de la Rague (West of Cannes) and is the Secretary General of UPACA, the federation of marinas along the south-eastern coast of France from the Italian border to Camargue, including the ports of Monaco. Peter is also an independent consultant in the marina sector, specialising in berth and marina valuations as well as marina business planning.

Before his involvement in marina management, Peter has had various roles in the yachting sector, in brokerage, charter, yacht management and of course yacht berth brokerage. As he believes the future of the superyacht industry depends greatly on a better understanding and better collaboration between the senior and younger generations of yachting professionals, Peter has been one of the founding members and presidents of Young Professionals in Yachting Monaco (YPY Monaco).

Malen Llompart Gual

Marketing & Commercial, Alcudiamar

Malen Llompart Gual, born in Palma de Mallorca (Spain), studied International Hotel Management at the University of the Balearic Islands, but headed towards the nautical world, by joining Alcudiamar in 2003. Since 2013, she has held the position of Marketing Director coordinating commercial and communication campaigns, defining strategies, creating projects and monitoring events.”

Pedro Pestano de Silva

Pedro Pestana has 11 years of experience in VAT compliance in Europe and Asia-Pacific.

He participated in the set-up of big4 compliance centres in London and Singapore. He is the author of a comprehensive manual on European VAT compliance and several articles about European VAT. Over the last 4 years, Pedro has helped businesses in the yachting industry with their VAT recovery and VAT compliance obligations in Italy, France and Spain.

Veronica Saavedra

Garrigues Law Firm

I am a senior associate of the law firm Garrigues a leading firm in the legal and tax practice with 32 own offices worldwide in 13 countries.

I am a solicitor with an Executive Master’s degree in Business Law and I have 12 years of experience in taxation, having specialized in the taxation of the superyachts and the yachting industry. I have extensive experience regarding the taxation in Spain of superyachts sailing in Spanish waters as well as in relation to the taxation of charter activities in Spain along with the personal taxation of the crew.

Having completed part of my studies at the University of Exeter in the UK, I maintain close ties with English-speaking clients.

I am a member of the Balearic Islands Bar Association”.

Vicky Farrow

Managing Director, Quintessence Yachts

Vicky Farrow is an experienced Sales Director with over 15 years in the marine industry working with some of the best-known luxury motorboat brands.

She began her career with Windy boats whilst working for Berthon. From there she moved to work with Princess, Sunseeker then onto Fairline and was a consultant for various other luxury motorboat brands. She has worked in Dubai, Qatar, South of France, Spain and the Seychelles to name but a few, where her luxury motorboat experience was further strengthened by selling Atlantis, Azimut, Benetti and Ferretti yachts.

Having grown up on the water – she owned her first boat at just six years old and by the time she was in her teens, she was teaching watersports, sailing and powerboating. Never one to shy away from helming, Vicky is a more than competent skipper and her boating experience has proved invaluable in her work.

Vicky’s passion for sales coupled with her love of boats has taken her all over the world and her goal is to utilise her expertise to drive the business forward globally with Quintessence Yachts.

Craig Barnett

Sales & Marketing Manager, Triton Submarines

Two decades as an Editor-in-Chief of yachting publications provided  Craig  with a wide-aspect view of the yachting sector. It took just one submersible dive in The Bahamas however to convince him his future passion and profession lay with Triton Submarines as International Sales Manager. Undoubtedly a niche but rapidly growing sector, Triton’s remarkable submersibles have been employed in a wide variety of scientific, exploration, documentary and record-setting expeditions. Seeking to replicate the immersive level of engagement one experiences in a Triton,  Craig ’s goal is to provide Owners and industry professionals a valuable insight into vehicles that provide access to the very engine-room of our planet.

Richard Booth

Superyacht Tenders & Toys & Toys

Richard has over 16 years experience in the industry and heads up the yacht tender sales and oversees the project management of tender builds. Richard has a background as a yacht captain and also working as a bosun on board super yachts running a large chase boat. He has worked at SYTT for over 5 years and has a vast amount of expertise in yacht tenders, specialising in custom builds. He is able to guide clients through the whole sales process,  help match the right tender for a clients needs, negotiate contracts, specifying the vessel and overseeing the builds. Superyacht Tenders and Toys are independent tender specialists and are able to assist at any level on any new projects. Our reputation in the industry is second to none, with over 100 new tender builds under our belt we have a proven track record selling and project managing some of the most highly specialised yacht tenders in the industry with a wealth of experience to match.

Jonathan Turner

Superyacht Aviation

Jonathan  spent 17 years flying helicopters in the Royal Navy and is now the director of MAST Consultancy, a company specialising in delivery of maritime aviation consultancy and training to the superyacht industry.  With a wealth of experience operating helicopters around the world, MAST helps superyacht clients to operate helicopters, safely and efficiently.

Rene Bremer

Account Manager Superyacht, AkzoNobel

René Bremer (1960) was born in a coating-family running a decoration company and paint shop at home.

Following an education specialized in coating-chemistry; René started his path in the laboratory of a coating manufacturer in the Netherlands back in 1982.

Over the years most of his path was focused to sales in Deco and  Aerospace Coatings; the latter one mainly focused on Russia, The Middle East and the Gulf region.

Since 2017 René started in the Yacht Industry as area sales manager, followed in 2018 as Sales Manager Super Yacht.

His entire work career, of which the last 26 years with AkzoNobel, is colored by paint and coatings.

Richard Jennings

32 years Industry knowledge in Both Marine engineering and paint systems, previous positions held as Painter & applicator, operations manager, production Manager & Paint Manger. The later position being held with Sunseeker International, prior to Joining Akzonobel in 2013 as a Global technical service representative , carrying out training, product testing and vessel inspections under an RMCI qualification. From 2015 to date Technical service manager for Yacht division Akzonobel.

Oscar Siches

Yacht Harbour Expert

With navy school background and as offshore racing and cruising yachtsman, Oscar Siches has broad experience in the boating industry having skippered sail and power yachts in the Med and the Caribbean, both for private and charter clients.

Partner and manager during 15 years of two marinas in Palma de Mallorca Oscar is consultant for design and operation of marina projects in various countries, and designer of customized marina elements.

He is a Certified Marina Manger and Certified Marina Professional, and member of ICOMIA’s Marinas Committee, member of PIANC Recreational Navigation Committee, Spanish expert in yacht harbours at the ISO organization and founding member of the Asia Pacific Superyacht Association and the Global Marina Institute, where he served 6 years as director.

In the last 12 years Oscar has been speaker at more than 25 marina conferences in 12 countries. He is one of the main contributors to Marina World magazine and his articles are published in other international publications.

Kenny Jones MBE

EVP Operations, IGY

Kenny Jones is currently the Executive Vice President – Global Operations for Island Global Yachting (IGY) a US based company.  IGY currently own and operate 17 facilities in 10 countries and have a vast portfolio of retail, food and beverage, and commercial properties.  Before IGY, Kenny was the Operations Director for the one of the largest marina operators in Europe, responsible for every facet of the group’s operational portfolio and performance. He joined the industry as a Marina Manager, in 2003. To date, Kenny has managed over 30 marinas and 18 boat yards in over 18 different countries and cultures.  Prior to joining the industry Kenny served over 20 years in the British Army, as one of the Senior Maritimes Operations Officer for amphibious operations. During his service in the British army, Kenny was awarded the Member of the British Empire Medal (MBE) and other accolades.

CMM Operation Director, Turkey D-Marin

Onur has started his career working in a commercial 256-meter vessel as third officer. He completed his military service as second lieutenant. He then started working in the marina sector as dock master at Port Göcek Marina in 1999. He worked as berth master, senior berth master, front office chief, front office manager, boatyard and front office manager respectively. He was appointed as Marina Manager after Port Göcek Marina was owned by Doğuş Group in December 2010.

Apart from marina management duties of D-Marin Göcek, Onur also started working as Operations Director of D-Marin marinas in Turkey since February 2018. He is responsible for overall business performance and sustainability of D-Marin marinas in Turkey including; marinas operations, budgeting, staff trainings, customer relationships, investments decided by BOD, improvement of the business and service quality of the marinas, new ideas and business development opportunities offerings to management.

Onur is passionate about the sea and the environment. He has a Diving Licence, Class III Master Captain Licence, IRC Measurer Licence. He is currently the vice president of Chamber of Shipping Fethiye Branch. He is the local representative of Cruising Association, Swedish Crusing Club and Kreuzer- Abteilung. He is the vicecomodore of Göcek Yacht Club, President of Göcek Culture and Tourism Assocation.

Onur graduated from Fishery Faculties at Ege University in İzmir. He lives in Göcek with his beautiful twins.

Tony Browne

Porto Montenegro

Tony is a former superyacht captain with 10 years’ experience at sea, two circumnavigations of the globe and over 80,000 nautical miles of sailing under his belt to ports all over the world where he developed his interest in marinas.

Taking his experience of the varying standards of worldwide marinas, over the last 12 years, Tony has managed the Porto Montenegro Marina team from design and construction development, through to the ongoing operational aspects of this industry-leading Superyacht marina.

Caroline Navarro

Yachting Specialist, Caroline Navarro Yachting

Caroline´s passion for the industry began in Sydney over twenty years ago when she chose to work at the Cruising Yacht of Australia, home of the Rolex Sydney to Hobart yacht race. This led her to work as a yacht chef for almost ten years which complemented her artistic flair well,  www.carolinenavarro.com Caroline´s wish to excel encouraged her to follow a Master in Tourism with papers on Yachting which made her the ideal candidate for the Sales and Marketing position at Malta´s leading superyacht marina, Camper & Nicholson´s Grand Harbour Marina. After five successful years helping build the destination, she was now ready for a next challenge and last April chose to relocate to the Balearics where she has been applying her experience towards specialised yachting projects in crew placement from Swiss Hotel Schools candidates and a favourite of hers regatta, The Ibiza Gold Cup.  

Dr Spike Briggs MD

Medical Director, MSOS

Dr Spike Briggs  CEng FRCA is a Consultant in Intensive Care Medicine and Anaesthesia in the UK. He originally graduated with a degree in civil engineering, worked in the offshore industry for over ten years (including being at Piper Alpha in 1988), and then entered Medical School. He has sailed all his life, including a round the world yacht race in 1996. For the past twenty years, he has been involved in providing medical advice for many yacht races, including the Volvo Ocean Race and the America’s Cup. He is an advisor to the Maritime and Coastguard Agency in the UK, and is lead author of the latest edition of the Ship Captain’s Medical Guide. He has also written several other books on remote healthcare at sea and on land. He is a member of the Medical Commission for World Sailing, organising the medical aspects of international competitive sailing, including the Olympic Games. He is the owner and managing director of Medical Support Offshore Ltd, which provides support for superyachts, racing and leisure yachts, and commercial shipping worldwide.

Nick Stael von Holstein

European Sales Manager, MSOS

Extensive experience in the yacht & marine industry with focus on Safety – Medical & Diving Safety Consultant in the Superyacht market, Sales & Marketing Executive, Former Yacht Captain & Diving instructor based in Mallorca, Spain.  Dive Instructor for 30+ years. Passionate diver and lover of the ocean and marine realm.

Labour and Economic affairs attaché, British Embassy in Madrid

Paul Clark is currently the Economic and Labour Affairs Attaché at the British Embassy in Madrid. Prior to joining the Foreign and Commonwealth office, Paul worked for the Department for Work and Pensions (DWP) and has also worked as a Policy Advisor for HM Treasury. Paul holds a B.A in Economics and Management from the University of Oxford and a Master’s degree in International Trade, Finance and Development from Barcelona’s Graduate School of Economics.

Miguel Angel Serra

Socio / Partner, Albors Galiano Portales

Miguel Angel Serra is partner and head office of the Palma office at Albors Galiano & Portales, the Spanish leading legal firm in shipping law for many years (Chambers&Partners). He is solicitor, economist, master degree in Tax Law, lecturer in Tax law at Balearic Islands University, lecturer in the Master’s Degree in Taxation at the Balearic Islands University (UIB) and also lecturer at the renowned Eserp business school.

Miguel Angel is a renowned expert in taxes, mainly in the areas of yachting and real state. He has advised in many domestic and international projects to Spanish and foreign companies, yacht owners (private and commercial), yacht managers, associations, marinas, shipyards, crew, etc.

He is also tax and legal advisor of ANEN, the Spanish National Yachting Association, regular speaker and moderator at the main conferences, yacht shows and yachting forums in Europe and America and has regularly articles published in the national and international press and specialized tax publications. Member of the Spanish Bar and Economist Associations.

Diego Colon

CEO, Astilleros de Mallorca & President of Balearic Yacht Destination

DIEGO COLÓN DE CARVAJAL

Madrid 1950.

Naval Architect and Marine Engineer  UPM

Manager Outfitting Dept. of Shipyard Constructora Gijonesa Juliana 1976-1981

Production Manager of Astilleros de Mallorca 1981 to 1990

Technical Manager on the first Spanish challenge to the America’s Cup in San Diego California 1990-1992

General Manager of Astilleros de Mallorca 1992- 217

CEO Astilleros de Mallorca since 2017

President of the Spanish Large Yacht Association and President of Balearic Yacht Destination

Joan Gual de Torrella Guasp

President of Port Authority, Palma

Peter Firth

Production Department, Atlante Group

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Screen Rant

Will below deck’s fraser olender break st. david’s biggest rule (he’s attracted to the primary).

Below Deck season 11's Fraser Olender has been struggling throughout his time aboard St. David, but will he break the superyacht's biggest rule?

• Fraser on Below Deck season 11 struggles to keep his interior crew in line and must navigate personal conflicts with his stews.
• Despite past difficulties managing stews, Fraser mostly follows superyacht rules, except for his attraction towards a guest.
• Fraser's flirtation with primary guest Alex hints at potential rule-breaking, setting the stage for future drama.

Below Deck season 11’s Fraser Olender has been struggling with his interior crew all season, but will he be the one aboard St. David to break the superyacht’s biggest rule? Throughout Below Deck season 11 , Fraser has been dealing with struggles in managing the interior crew. After the departure of Cat Baugh early on in the season, Fraser’s relationship with Barbie Pascual and Xandi Olivier changed entirely. While he got closer with Xandi and new stew Paris Field, his relationship with Barbie suffered as Fraser worked to isolate her from the rest of the interior team and push her out.

Though Fraser has been part of the Below Deck franchise for years, his experiences working aboard superyachts throughout the various series have been met with differing results. While Fraser has been good at his job in a technical way, understanding the duties of the interior team, he’s found it difficult to manage his stews throughout his time as the Chief Stew. During his first outing as the interior lead on Below Deck season 10, Fraser’s stews got into such difficult arguments that they left St. David early. Throughout Below Deck season 11, Fraser’s issues have called his judgment into question .

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Fraser has been struggling all season long.

Early on in Below Deck season 11’s charter season, Fraser explained that he had no interest in repeating the actions of the previous season . After dealing with the drama between Camille Lamb and Alissa Humber that left Camille fired and Alissa leaving St. David, he wasn’t looking forward to dealing with crew drama. Fraser, who is in a position of power aboard St. David, struggled to maintain his authority over the stews working for him. There were moments when it felt like they didn’t have a manager, let alone one aboard the St. David itself. Fraser didn’t want history repeating.

During Below Deck season 11, things have gotten even worse for Fraser as he’s been a passive manager yet again. Somehow, this charter season things have been even more difficult for the Chief Stew, as he’s been working to isolate one of his stews due to the personal issues he has with her outside of their working relationship. While Fraser has been able to manage somewhat more effectively, he’s struggled with his relationship with Barbie after realizing that he wasn’t a fan of her behavior. Rather than keeping his feelings to himself, Fraser has publicized his personal issues with Barbie .

Yachties Working Aboard St. David Aren’t Supposed To Fraternize With Guests

Although Fraser’s time aboard the St. David has been difficult in terms of managing his employees, he’s been able to abide by the rules of the superyacht in most other ways. Keeping his personal and professional life separate outside of his issues with Barbie, Fraser hasn’t had issues in bringing personal experiences to his work with the guests. While Fraser has been able to avoid conflict of interest with superyacht guests, managing to stay away from the biggest issue between yacht crew and personnel. On superyachts, the crew is typically banned from fraternizing with the guests , except in extreme cases.

Fraser’s Expressed Attraction Toward The Primary

In the most recent episode of Below Deck season 11, Fraser shared that he found the primary attractive . Alex, the primary of the current charter, boarded St. David with a large group of friends who were mainly interested in documenting their charter online. While Fraser was showing them around St. David, it was clear that he was flirty with the primary guest and Alex didn’t appear to be rejecting his advances. Though nothing has happened between the two yet, it was heavily implied earlier in the season that Fraser could get caught breaking one of the yachties biggest cardinal rules .

Will Something Happen Between Fraser And Alex?

Though the pair has yet to actually heavily interact, Fraser and Alex’s flirting was obvious during the most recent episode of Below Deck season 11 . The pair appear to be interacting even more in the coming episode, and as shown in the trailer, things may be heating up. Both Fraser and Alex seem to speak up about the fact that they’re attracted to one another , and with a Christmas-themed dinner service for the charter guests, Fraser may get stuck beneath Alex’s mistletoe. Though Fraser’s had a difficult charter season, things on Below Deck could get steamier, which could prove problematic.

Below Deck airs Mondays at 9 p.m. EDT on Bravo, then streams the following day on Peacock.

Below Deck is a Reality television series and franchise that has seen many spinoffs since its creation in 2013. The original series follows the lives of a crew that lives on a Superyacht called Honor and chronicles their experiences during "charter season."

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The Future of Superyacht Lighting With Videoworks

By George Bains

Lighting engineering onboard superyachts will be taken to a new level thanks to the innovation of Videoworks, revolutionising the design of yachting lighting solutions.

The leading company delivering Audio/Visual, Entertainment, IT and Lighting & Comfort for superyachts across the glove has unveiled its new “Lighting Engineering” system. 

The new solution redesigns the lighting scenarios on large yachts, and Videoworks has partnered with Eon Reality, a world leader in knowledge transfer through Augmented and Virtual Reality (AVR). 

Leo Megna, Head of Lighting and Comfort Projects at Videoworks, explains:  “A new design method has been developed specifically for lighting technology, a new software created ad hoc, in collaboration with Eon Reality, which allows us to offer a highly innovative tool for the integration and control of lighting points inside the yacht with the fundamental support of virtual reality. 

“In this way, together with the architect and the shipyard, the different lighting scenarios are optimised and then proposed to the owner, who will have an incredibly realistic view of the various rooms thanks to a 3D viewer. This will allow for all the details to be worked out before they are actually built.”

The system will ensure a more immediate and realistic perception of what the lighting solutions on board will be like. With the new “Lighting Engineering” system, the shipyard or architecture firm working with Videoworks will be able to develop its project as a team, with step-by-step analysis of the designer’s needs; lighting will be treated as if it were simply another item of furniture and the partner will receive the technical support needed to identify the best solution. 

In addition to the usual design documentation detailing all aspects of lighting, virtual reality will bring the illuminated rooms to life exactly as they will be once they have been built. It will also be possible to intervene in real time to evaluate and verify changes in the diameter of the light cones, the colour temperature and other variables that are always important in the definition of a lighting system. 

“Following the design phase, which remains essential for us as designers and is the basis of the whole process, thanks to the software developed with Eon Reality, we will be able to offer the owner an interactive and dynamic 3D view of every part of the interiors through a viewer very similar to those used for the most advanced video games,”  continues Leo Megna.  “A vision of the owner’s cabin rather than the living room will be absolutely realistic, just as that setting will be lit up on the first night in the roadstead.”

Videoworks’ technicians and engineers are already working on future implementations of the system, such as the possibility of using 3D virtual vision in outdoor environments as well.  “The idea is to extend this new lighting design technique to outdoor areas,”  concludes Leo Megna.  “Imagine a drone controlled by the owner flying over the yacht at night and reproducing all the lighting on the boat, from the interior lights in the windows to the decks and underwater lights. It offers an incredible view, but also the possibility of visualising what will then be built, fine-tuning every detail.”

"The idea is to extend this new lighting design technique to outdoor areas." Leo Megna, Head of Lighting and Comfort Projects at Videoworks

"The idea is to extend this new lighting design technique to outdoor areas."

Anti-money laundering

New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

Alexandra Jour-Schroeder

More finance news

On 24 April, the European Parliament formally endorsed the future Anti-Money Laundering Package, a reform that has been in the making for the past 5 years. Since the European Commission published its proposals in July 2021, and even before, much has been said about how this reform will change the EU’s financial crime prevention landscape for good.

But how will things change in practice? Here are a few simple examples!

Real estate

Criminals often channel money into super fancy mansions and estates. Until now, only information about EU owners has been available to investigative authorities. When the property is owned by a company in a non-EU country, it is extremely hard to identify whether it may have been acquired with illicit funds. The new rules require foreign companies, as well as trusts, that have owned a piece of real estate in the EU since 2014 to record in our beneficial ownership registers who the individuals who own or control the company or trust are. Member States can put the reference date further back in the past, if they consider that certain risks make this necessary.

As the sudden peak in online fraud during the pandemic showed, criminals do not suffer from any kind of digital divide. Yet, any investigator would tell you that of all the means that exist to launder illicit proceeds, cash remains criminals’ preferred choice. Why? Because it’s easy to transfer, fully anonymous and therefore difficult, if not impossible, to trace back to some criminal act. Of course, access to cash is and will remain a right for everybody in the EU and most cash transfers are absolutely clean. The continued acceptance and availability of cash is an important issue for our consumers, including for financial inclusion. But when large sums of cash are used in transactions, the risk of crime is much higher and much more difficult to manage. For this reason, the new rules introduce an EU-wide cap on large cash payments, set at €10 000, which Member States can lower if needed based on specific national risks. This high figure avoids any negative impact on day-to-day transactions, but also ensures that flats or houses cannot be bought with stacks of cash!

Luxury items

Diamonds are your best friends? Criminals love precious stones too, as well as gold and other precious metals, raw or turned into jewellery. These items can be used to launder money in ways that are pretty similar to using cash. But not every piece of jewellery is attractive for criminals, what interests them are pieces of high value. So, the new rules require those trading in these precious items to carry out checks on their clients when selling items priced €10 000 or more. Other luxury goods such as high-value cars, yachts and planes are also pretty handy when it comes to investing or converting illicit proceeds. What do we mean by luxury? For instance, a car that is worth €250 000 or a boat that costs more than €7 500 000. So, on top of similar checks on the clients, sales of these products will also trigger automatic reporting of any sale to Financial Intelligence Units and registration of the true owner when the purchase is made by foreign companies or trusts.  

Sham fundraising campaigns

Crowdfunding can be a great alternative way to access financing for projects, without the need to obtain loans from banks or other financial institutions. When it comes to charitable projects, crowdfunding allows small contributions to bring real change. Crowdfunding, however, can be misused by groups with less-than-charitable objectives – such as terrorist organisations – or where there is a risk that the funds collected will not be used for the stated goal but to fund terrorist acts. To prevent sham fundraising campaigns from being advertised, the new EU rules require crowdfunding platforms, which enable project owners to connect with potential donors, to carry out checks on the project owners and the intended project. Any attempt to misuse crowdfunding will thus be promptly detected and reported, making alternative financing safer for all.

The digital world is full of opportunities. However, with opportunities come risks. The EU has created a solid framework providing regulatory certainty for the development of the crypto-industry, whilst protecting our consumers and our financial system – including from criminal risks. Indeed, as of the end of this year, a comprehensive set of rules will regulate the sector. From an anti-money laundering perspective, this means traceability of all crypto-asset transfers involving the EU, application of anti-money laundering requirements to crypto-asset service providers in line with international standards, and strict oversight of the application of these rules, similar to checks carried out on banks and other financial sector entities. This also means that crypto-asset service providers with a significant level of activity in the internal market and exposed to higher risks may be under the direct supervision of the future AML Authority (AMLA).

Football is Europe´s most popular sport and indeed it is fascinating to play in a football team or enjoy exciting matches. Professional football is not just a sport though, it’s also a multi-billion-euro industry. And this makes it attractive to criminals.  The FIFA corruption case and football leaks of 2015 put the spotlight on the risks of criminal acts associated with this sport. To mitigate these risks, the new rules complement self-regulatory measures at European and national level and require football clubs and football agents to carry out checks on certain financial transactions, such as player transfers, investments, and sponsorships.

Real change is coming with the new AML package. It will make a key difference on the ground – and further improve the integrity of our financial system. Let us all keep a clean sheet against crime!

Related links

Latest update on Anti-money laundering and countering the financing of terrorism legislative package

Anti-money laundering and countering the financing of terrorism overview

Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA)

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