Picture of the day: Plamer Johnson vanquish

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The Palmer Johnson PJ120 Vanquish was spotted in Cannes Vieux Port.
Photo credit: Charterminute.com

Time to go green !

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Article published on the Daily Mail website
How 16 ships create as much pollution as all the cars in the world...

We've all noticed it. The filthy black smoke kicked out by funnels on cross-Channel ferries, cruise liners, container ships, oil tankers and even tugboats...

Read the complete article here and check out the map showing the world's major shipping routes and the density of traffic - and therefore- pollution along them.

Will the bonus boom buoy the super yacht market ?

Boat International Brokerage Editor Malcolm MacLean reported several recent sales with key players like Camper & Nicholson, YPI, Burgess, Fraser Yacht and Edmiston.

The Wealth Bulletin reported that "A wave of around £6bn ($9.9) in bonuses expected to be distributed to City financiers in spring will support London's prime property market in areas such as Chelsea and Kensington, although the mainstream market is expected to continue to decline."

However, a Savill representative said that "The question is whether bonuses will be paid enough in cash versus equity".

What wil be the effect on the super yacht market ?

Yachts arrested over unpaid yard bill

An interesting article published on the Triton website
>> read the article

Yacht for sale, make offer !!!

Photo BillionaireXchange.com

Your superyacht is on the market for more than 1 year...

Your favorite broker, alias "Large Yacht Consultant" alias "Senior Superyacht Broker" alias "Superyacht Expert" strongly suggested to reduce the asking price for a quick deal but "you know, the market is very quiet".

Did you know that, now, you can put up your superyacht for auction ?
BillionaireXchange is "the world’s first online auction and trade site for luxury items. Members of The Xchange are able to buy, sell, bid-on, auction, and or exchange luxury items all around the world."

Check out this 157ft Trinity

Cruise tip question...charter tipping?

In a recent post, The Times website reported that "Cruise-ship passengers are becoming increasingly hostile to a system of tipping that is more mandatory than discretionary, and is used to subsidise crew salaries, rather than reward good service."

The big cruise company like giant Royal Caribbean International admits that it is “rethinking” its policy...

Royal Caribbean International has announced that it will be reviewing its on-board tipping policy due to the lack of gratuities from British passengers.

Charter tips is an old debate and charter yacht crew have come to expect tip's as part of their income. Although charterers are generaly High Net Worth Individual, the tipping policy is sometimes an issue: what effect will tipping change in the cruise industry have on the charter industry ?

Have a look at the Times article here: Times Online

Moran Yacht: Florida yacht broker gets prison time for offshore tax evasion

"I am really very sorry for opening this account and not reporting it"
Broker Robert Moran at the hearing

According to IBI News, "Florida yacht broker Robert Moran was last week sentenced to two months in prison for offshore tax evasion.

IBI News also reported that "As a convicted felon, Moran will lose his Florida license to sell new yachts."

Quote of the day...

“We had a Russian client who ordered a yacht and then withdrew even though he had to give up the 40 percent deposit...”
Wally spokeswoman Monica Paolazzi

Economic Crisis & Superyacht market trends

New yacht: Luxury Yachtmakers at Monaco Show Cut Prices Up to 20%
>> Bloomberg

Second hand super yacht : My Shanti and Boadicea sold !!!
Accoding to globes.co.il website: "Shari Arison has sold her yacht "My Shanti" for $103 million, six months after putting it up for sales. "Boat International" reports that she made the sale on Tuesday at the Monaco Yacht Show."

In March, Arison put up the 64.5 meter yacht at Fort Lauderdale-based broker Merle Wood Associates Inc. agent Peter Croke confirmed the sale, adding that the firm represented both Arison and the buyer.

Burgess Yacht have also announced the sale of the 70.5 metre Amels "Boadicea".

Picture of the day: Leopard 46m

Click to enlarge - copyright Charterminute.com

The Leopard 46m "Pure One" was at anchor Saturday afternoon near Cannes (ile de Lerins).
On the picture, we can see the foreward dining area shaded by a bimini top.

Designed by the famous italian architect Andre Bacigaluppo, "Pure one" is one of the first Leopard 46m built by Arno shipyard.

She can reach a top speed of 32 knots thanks to her central booster and she is available for charter at a 210,000 euros per week.