Registration tax applied to charter yachts over 15 metres imposes aserious financial cost to operate in Spain. This articfe seeks to analyse the various
tax levies imposed upon the yacht charter market in Spanish waters. (The Best, Superyates & Marinas, nº 50, 2013)
Next year’s event will be held one week earlier so as not to clash with the start of boot Düsseldorf
Following the success of this year’s Tullet Prebon London Boat Show, the British Marine Federation (BMF) and its subsidiary National Boat Shows (NBS) have confirmed that the same layout at London’s ExCel centre will be used at next year’s event, bringing all exhibitors together in the venue’s South Hall.
In order to guarantee the layout, and to avoid any clashes with the Düsseldorf boat show in late January, the 2014 event will run from January 4-12 — around one week earlier than usual. (https://plus.ibinews.com, 1 February 2013)
The German shipyard to divest its pipe-handling equipment business
Star Capital Partners plans to sell the last remaining non-marine unit of Blohm + Voss in order to focus exclusively on its superyacht operations. According to the Wall Street Journal, the London-based private equity firm has put Blohm + Voss’s Oil Tools business up for sale.
The Oil Tools division, which makes pipe-handling equipment, was valued at more than €100m. Star Capital has commissioned Macquarie Capital to find a buyer.
Star Capital purchased Blohm + Voss in 2011 from ThyssenKrupp AG in a deal that was valued at about €150m, according to the paper. Thyssen kept the battleship and submarine operations, but sold the civilian businesses, with about 1,500 employees and €500m in annual sales.
In order to focus on megayacht operations, Star Capital decided to sell the two non-marine units it acquired in the deal. It recently sold its ship division, Blohm + Voss Industries, to Sweden’s SKF AB for €80m. The business unit had revenues of around €100m in 2012, with about €20m in earnings.
The shipyard will now focus on repairing and building superyachts, such as the 163.5m (536 ft) Eclipse. The world’s largest superyacht was delivered to Roman Abramovich in 2010 at a cost of around US$800m, according to knowledgeable sources. (https://plus.ibinews.com, 31 january 2013)
Since 2008 Horizon has delivered five P130 luxury yachts and using this experience the company has gone a step further to produce the latest P136. Featuring a new exterior design, the yacht offers increased performance with a bulbous bow and an improved functional layout on the 8.5m (28ft) beam.
At 41.5m, the P136 is the largest in Horizon’s yacht collection and is built to DNV classification and under the Environment Protection Agency (EPA) and International Maritime Organisation (IMO) regulations. It has six guest accommodation rooms, including an on-deck Master, as well as a formal dining space for 10. Additionally, the yacht is completed by a large salon and several outdoor entertaining spaces.
Horizon CEO John Lu comments, “We are extremely comfortable with the design and pedigree behind the new Horizon P136. We expect her to be well-received throughout the global yacht market.” The P136 is being showcased at the 2013 Dusseldorf Boat Show until 27 January. (http://www.ibinews.com, 30 January 2013)
The company now has additional space for design and project management of superyacht spars and sail technology
Dutch mast-builder Formula Marine has expanded its facility in Blokzijl to provide additional space for design and project management of superyacht spars and sail technology. An entire second floor has been added to the office and studio facility to double the service area.
“We have experienced an increasing number of customers requesting complex sailing packages to be developed which includes not only the design of the spars but also the deck hardware and full rig package,” says managing director Hugh Carpenter. “This has increased our space requirement for designers and project management which building this new floor area has provided. (https://plus.ibinews.com, 29 January 2013)
Online platform to provide specialist service for marine electrical and safety equipment
Oc3an.com is a new e-commerce website dedicated to shipyards, marine electrical contractors and crewmembers.
The new online platform has been designed to open up the market with a cost effective solution and entry into the marine industry.
In addition to services and products on sale, www.oc3an.com features an ‘ask the engineer’ blog, where engineers provide expert advice regarding marine equipment.
The website started operation this week and it’s available in English and Spanish. (https://plus.ibinews.com, 25 January 2013)
Event to run from May 1-4 at the IGY Cabo San Lucas Marina
Organisers of the Cabo Marine Boat Show in Mexico have announced that the fourth edition of the show will run from May 1-4.
The show takes place at the IGY Cabo San Lucas marina, located on the southern tip of the Baja California peninsula, in the Mexican state of Baja California Sur. The 380-slip marina can accommodate vessels up to 114m (375ft) and 7m (24ft) draft.
Last year’s event had 50 companies exhibiting including Fairline Boats, BRP/Sea-Doo and Mercury Marine, to name a few. In addition, local brokerage companies had a range of boats on display from 5.7m-33.5m (19ft-110ft) from Bertram, Sunseeker and Beneteau, amongst others.
The show organiser told IBI that an average of 800 people visited the show every day.
Launched in 2010, the Cabo Marine Boat Show is the only event of its kind featuring boats and marine equipment and services on Mexico’s Pacific coastline. (https://plus.ibinews.com, 24 January 2013)
In June of last year, Palma Majorca, hosted the seventh annual conference on the future of the superyacht industry. Professionals gathered once again to discuss various aspects of this exclusive and valuable sector….(The Best, Superyates & Marinas, nº 50, January 2013)
The Italia Sea Group will focus on megayachts, shipbuilding and refits.
Admiral Tecnomar has formed the Italia Sea Group after the completion of its acquisition of Nuovi Cantieri Apuania (NCA). The diversified group will consist of Admiral Tecnomar, which manufactures luxury superyachts, NCA which focuses on “high-tech value” shipbuilding, and NCA Refit, which specialises in refitting large ships and yachts. The company said in a statement it is now one of the biggest conglomerates in Italy’s boating industry.
Admiral Tecnomar said it recently completed the acquisition of NCA from Invitalia, the Italian National Agency for enterprise development. Terms were not disclosed.
Italia Sea Group will now focus on three different business activities — megayachts in aluminium and steel, high-tech commercial shipbuilding, and refits for yachts and other ships. The company said it will retain its existing 150 workers over the next two years. It also expects to invest about €8m into its NCA businesses….(https://plus.ibinews.com, 15 January 2013)
The marine insurance provider has confirmed a Platinum Partnership with ASMEX 2013
Marine insurance provider Pantaenius has confirmed a Platinum Partnership with the 2013 Australian Superyacht and Marine Export Conference (ASMEX).
In a push to increase awareness of its recently launched office in Sydney, Australia, Pantaenius sees ASMEX as a significant platform in which to profile their products and services to this market.
“Due to their extensive infrastructure for maintenance, repairs and all kinds of yacht services, Australia and New Zealand are important stopovers for many circumnavigators,” says Pantaenius general manager Martin Baum. “For Pantaenius as a truly global yacht insurance provider, it was therefore a logical step to enter the Australian market.
“We wanted to be where our customers are and support our boats whenever they need it,” he adds. “Moreover, we felt that it was imperative to extend our insurance services to these areas, as previously yachts that cruise internationally had no real port of call for insurance services on the Red continent.
Baum, who will provide a market overview at ASMEX from an insurer’s perspective, describes the new partnership as a logical move. “They have maintained the right partners for many years and succeeded in developing a first-class infrastructure for superyachts,” he says.
Pantaenius claims to be the largest yacht insurance provider in Europe with a significant presence worldwide. The company has been insuring yachts for more than 40 years, and has offices in the UK, Mediterranean, Scandinavia, Austria, Australia and the US. (https://plus.ibinews.com, 14 January 2013)