Picture of the day: Oceanco Sunrays

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The brand new 85m Oceanco Sunray was spotted yesterday near Antibes.Built 2010Project name: Y705Naval Architect: Azure Naval Architects, Oceanco Exterior Designer: Bjorn Johansson Design Interior Designer: Terence Disdale Design Ltd.

Princess Caroline Pacha III at anchor near Antibes

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This gentleman motor yacht was built in 1936 by Camper & Nicholson shipyard in 1936.
Her current owner is Princess Caroline of Monaco.
Pacha III = Pierre + Andrea + Charlotte (first name of the Princess's children)

Length: 36.25m
Beam: 5.6m
Steel hull
Powered by two Caterpillar engines

Formerly: Briseis - Cardigrae - Priamar - Arlette II

High-end repo men snag planes, yachts...

CNN's Carol Costello reports on two men who repossess high-end items like planes for a living.
See the short video here

Freak Waves before the 2010 Cannes Film Festival

Freak waves caused millions of Euros of damage to waterfront cafes and restaurants in Cannes Vieux Port and La Croisette.

Captain Patrice Cerdan - MY Princess V65 Ali - sent us this short video showing Cannes Vieux Port partly flooded as sea level rose suddenly.

Credit: Patrice Cerdan
www.charterminute.com

Bugatti Veyron Grand Sport : 100% carbon...

Check out the pictures of the beast...

Petites observations automobiles: Bugatti Veyron Grand Sport : 100% carbone

Blohm + Voss shipyard sold !

Abu Dhabi MAR, a leading shipbuilding group, has signed a strategic agreement with ThyssenKrupp Marine Systems for the acquisition of its Blohm + Voss businesses in Germany.  

Gruppo Baglietto moves into liquidation

According to sources, the Baglietto Group, encompassing Cantieri Navali Baglietto Varazze, Cantieri Navali Baglietto La Spezia and Cantieri di Pisa, moved into voluntary liquidation last week.

Baglietto recently launched the new 42m Wide Body Lucky Me.

Spain to increase VAT rate

According to IBINews "Spanish trade body ANEN has expressed deep concern over government plans to increase the standard value added tax tariff to 18 per cent from the current 16 per cent. The measure, announced last September, will take effect on July 1, 2010."

Last week, an increase took effect for VAT rates in Greece that is expected to affect yacht charter vacations.

Who's next ?

Read the article

How to become a Certified Yacht Broker...for a little more than US$69

Place a bid !

Do it yourself !

Following unsuccessful tentative by brokerage companies to build (and sell) superyacht in China, China Communications and Transportation Association (CCTA) President Qian Yongchang said that "now is the time for China to develop the yachting industry, even though at the beginning, the high-end recreational boats may be accessible only to high earners."

However, industrial insiders said that during the beginning stage, it is unrealistic to expect the Chinese to purchase yachts with the same passion as they pursue cars or houses.

Yacht renting will therefore be a major way that people can enjoy the luxury.