Key annual event of the yachting industry, the Monaco Yacht Show, took place from 25 to 28 September this year. Traditionally, it featured the most impressive fleet of acclaimed superyachts and new-builds, even attracting a record-breaking number of exhibitors this year. The largest number in the show’s history, 600 companies came to energize the yachting market, drawing an encouragingly vast and committed clientele to the show.
Check Yacht Harbour’s list of the TOP 10 most impressive superyachts seen at the MYS 2019’ edition here.
The organisers report, after the 29th edition of the MYS, feedback from the exhibitors is pragmatic and positive: although the market could be stronger, positive signs are to be noted, including the higher number of private visitors present at Monaco’s Port Hercule this year. Furthermore, several sales deals have been closed after the show, such as 67-metre Heesen superyacht Project Sparta for 2023 delivery or 125-metre Project Jag signed by Lürssen.
The MYS private concierge service invited over 211 VIP visitors (compared to 150 in 2018), linking them up with the show’s exhibitors and triggering over 50 yacht visits. The majority of the potential clients came from the USA, Russia, the UK, China and India. According to the exhibitors’ feedback, the definite trend in visitor profile comprises a broader range of countries and a wider age bracket.
During the major event in the world of luxury yachting, some of the latest superyacht projects, technologies and joint ventures have been unveiled by the leading yards. The list of premiered concepts included among others Falcon Rig Gallery by Perini Navi or 70-metre superyacht project S702 by Tankoa.
Bringing together some of the most outstanding vessels, the show increased in attendance this year by the albeit slight (31,565 visitors compared to 30,400 in 2018).
This year’s edition of the MYS showcased 125 superyachts with an estimated total worth of around €4 billion, the most impressive fleet of vessels ever to be presented there. The superyacht exhibition included 44 new models and 14 megayachts over 70 metres in length, not to mention the 111-metre TIS and the 106-metre Amadea. Although the average length remained stable at 49.5m, the average price for a motoryacht exhibited at the show reached €37.8 million this year.
600 participating companies occupied a large section of Port Hercule, split into different themed areas. Yacht builders, brokers and designers set up their stands on the quaysides, close to their yachts. Tender and water toy manufacturers showcased no fewer than 55 pieces of equipment, with half of them presented for the first time. Their stands were mainly situated on the port’s Quai Antoine Ier, where the yacht show’s Car Deck displayed 30 collector or custom-built cars and motorbikes.
The show’s many nautical equipment manufacturers and country pavilions were set up in tents on the port’s Darse Sud and Quai Albert Ier. The Parvis Piscine tent was dedicated to luxury products and services, with a fully revamped Upper Deck Lounge, reserved for the show’s partners from the luxury industry, spanned over 2 floors.
On the eve of the MYS, 4 prizes were awarded at the 6th Monaco Yacht Show Superyacht Awards ceremony. The list of winners comprised three vessels. The 64-metre Sanlorenzo flagship superyacht Attila received the MYS/RINA Award for her design that complies with the environmental standards established by RINA. The brand new Lürssen superyacht TIS picked MYS Interior Design Award. Last but not the least, the 80-metre Abeking & Rasmussen Excellence won two prizes, the MYS Exterior Design Award, and the ceremony’s most prestigious award, the MYS Finest New Superyacht Award.
The release expresses:
The 2019 MYS carried a note of optimism, supported by its exhibitors' commitment to showcasing their finest products and services and by an increasingly varied final-client profile. The date has been set for next year’s event to confirm this positive trend on the Monaco Yacht Show’s 30th anniversary.
The Magnum 60 Furia was launched in 2001, designed by Magnum Marine and Ceo Catherine Theodoli. They say that this is the most successful of the Magnum models.Back in 2001, the 120-kilometer 60 Furia Magnum was named the fastest yacht of this size in the world and after extensive repairs at the Perini Navi Hammer shipyard reached higher speeds.Changes include new air intakes in the engine compartment along with a customizable display on the control panel.The new Magnum 60 concept is attractive to the original design, but much more pleasing to the eye, with distinctive details throughout the American style of the 50s. The owner’s room has individual storage solutions on either side of the room to ensure clean space.Marnix Hoekstra from Vripak says that they kept the overall layout and tuning of the boat, but improved it where it was possible, for example, expanding the companion from the saloon in the middle to the double and twin cabins. They also added daylight, and in the interior they used the same tree that was used in the construction of the boat, painting it in matt white.
February 20, 2020
The simultaneous growth of the megayacht segment and 20-30-meter space, combined with a strong deceleration of everything in the middle, led to the dominant consolidation in the space of superyachts. More than 63% of the gross tonnage of the yacht is currently delivered by only 10 shipyards, which are either in the range of megayachts, or in the range of day boats, or both.This is mainly due to the fact that the shipyards focused on closing yachts 40-60 meters long or a significant decrease in production due to falling demand and a very slow recovery. In fact, only in the last few quarters the demand for this range began to increase slightly, primarily due to larger versions of yachts of 20-30-meter models from these yards.In addition, banks are now afraid to finance yachts and especially shipyards after the events of 2008, which led to factories such as Baglietto had a negative capital of more than 100 million euros. Financing of enterprises in the field of yachting is currently mainly carried out by UHNWI, which decided to actively participate in the market.Some of them intervened to acquire shipyards, such as the Malaysian Genting Group, which acquired Wider Yachts after its owner first bought a yacht from them. On a larger scale, Mohammed Al Barwani, an Omani billionaire, acquired Oceanco in 2010, turning it into the powerhouse he is today.Most of the leading players in the field of yachting actually have strong financial power, which allows them to be less dependent on the credit lines of banks, be it Princess LVMH or Sunseeker Dalian Wanda and others.The same can be said not only about yards, but also about enterprises located in the services market. Camper & Nicholsons, one of the leading brokerage agencies, was acquired by Fincantieri and Lai Sun Group in 2014. Earlier this year, Fraser Yachts was acquired by the public American company MarineMax. Even new companies are now created by owners, such as Ahoy Club, created by Australian Ian Maluf, the owner of the 54-meter naughty and 72-meter Coral Ocean.Although all of these trends may seem unusual for the sector when viewed over the past few years, in reality it all happened earlier in times followed by economic downturns.
February 20, 2020
The 72.8-meter project 705 by Feedship was first taken out of its canopy in the Netherlands. The project is a joint project of the Dutch builder and the British design studio RWD together with the naval architects De Voogt and interior by the Italian design house FM Interior Architecture & Design.
February 20, 2020
A motor yacht built from aluminum as one of the Admiral S-Force series is due to be delivered at the end of May 2020.The accommodation is designed for 12 guests in six cabins, including the main suite of the main deck with a full set of VIP suites and four more cabins under the deck, all with fully equipped bathrooms.On the upper deck there is a large round area for sunbathing, which can also be used as a helipad.In the open air in the center of the yacht is a cinema, as well as an open bar.
February 20, 2020
The new generation of 20-30-meter yachts is easier and cheaper to attract and attract a wide range of owners looking for one-day boats and short routes without the hassle of operating a superyacht.Another attraction of smaller yachts for this base was the ability to move faster from bay to bay with cruising speeds almost twice the speed of superyachts, and the ability to dock closer to shore. Sanlorenzo, the Italian shipyard, the most active in the range of up to 30 meters, was unveiled earlier this December with a market capitalization of 550 million euros and revenue of 355 million euros in 2018.The shipyard created such a series as Bluegame Sanlorenzo.Bluegame yachts are built in accordance with the latest and most advanced construction technologies from composite materials.The BGX project is the result of a prestigious collaboration between Luca Santella, the head of Design & Style and the head of product strategy at Bluegame, together with the design studio Zuccon International Project.These yachts focus almost entirely on outdoor and recreational spaces, minimizing the importance of dining rooms and large cabins.Another common feature of yachts in this new assortment is oversized tender and water facilities for the size of ships, which emphasizes the interests of the new generation of owners. After this trend, its key players saw that their ratings rose sharply compared to those stuck in the middle.
February 19, 2020