The latest edition of the Monaco Yacht Show came to a close yesterday evening after 4 action-packed days for the Principality, writing the 26th chapter of a story full of ups and downs.
As the collapse of the Soviet Union was just beginning to pave the way for hyper growth in the megayacht sector, the doors of the Monaco Yacht Show opened for the first time in 1991. Early press releases stated that the show was focused on superyachts over 20 meters, at a time when a 47-meter would have put you in the Top 100. In fact, early shows mostly focused on brokerage and had virtually no involvement from shipyards.
The Monaco Yacht Show was initially created by Maurice Cohen, head of Media Plus and creator of several other shows. The French entrepreneur however later sold the rights to the show in 1994 to IIR, a show management company that, at the time, owned a competing event, the Superyacht de Nice which has since slipped into oblivion.
In 1996, two years after IIR acquired the Monaco Yacht Show, the event was struggling due to the expansion of the charter season into September, increased turnover in agency representation and increased competition from the Super Yacht North West in Kirkland. The show's new owners then made the enlightened decision to focus the Monaco Yacht Show on superyachts and repurpose the Super Yacht de Nice as a trade show.
By 2002, the show boasted 65 yachts, half of the number of yachts in Port Hercules this year, with the 62-meter Lady Lola as a headliner. 300 onshore exhibitors had already taken up booths by this 12th edition and spanned over an area of 4,500 square meters, attracting near 15,000 visitors.
From a moment of uncertainty, the Monaco Yacht Show emerged as the key event in the superyacht industry with brokers hailing its steady improvements in turnout in 2003 and competitors noticing the show's growth. In June 2005, Informa, the events and training business, acquired IIR Holdings, parent company of the Monaco Yacht Show, for $1.4 billion.
Since then, the Monaco Yacht Show has kept on growing, doubling its 2002 attendance numbers in 2016 with 32,000 visitors and 125 yachts in Port Hercules. The show has effectively turned into an efficient money maker for Informa. Back in 1994, the entire show was struggling to bring in 2,000,000 francs (381,570€) in sales to break-even. Today, the show's revenue is arguably in the millions and is often showcased by Informa (market cap. £4.6 billion) as one of its most treasured assets.
Feadship has shared new images of the latest 88.38m Zen (Project 816) in the sea trial on the shipyard’s Facebook page. “One foggy morning on the North Sea... The 88.38-metre Feadship Zen moves peacefully through the water; a beautiful sight even on such a bleak day!” says the shipyard. Zen was launched in December 2020 and is going through its test in the North Sea. Her exterior was designed by Feadship’s very own Studio De Voogt. The five-deck yacht has a large swimming pool at the aft and a jacuzzi on the sun deck. Her interior was made by Nauta Design and FM Architettura. Zen has accommodations for sixteen guests, including the owners, who will be served by twenty-five crew members.Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders, delivering superyachts from 50–100+ meters in length.Credits: courtesy of Feadship/Facebook
March 5, 2021
Italian shipbuilder Overmarine has shared the video of the new Mangusta Oceano 39. This 39m yacht has three decks, a lot of glass on the superstructure, an infinity pool at the aft and another one at the sundeck. Alberto Mancini stands behind the ‘minal, warm and cosy’ interior design, but they can be customized according to the owner’s wishes. A seaside glass villa, as the shipyards noted, the new fast displacement model of the Mangusta Oceano 39 can reach 21 knots and the displacement version can reach 16 knots. Overmarine Group was founded in 1985 by the Balducci family. The shipyard builds open and displacement power superyachts under the Mangusta and Mangusta Oceanco brand names.Credits: Overmarine
March 5, 2021
Northrop & Johnson has announced the sale of the 35.97m Westport motor yacht Isabella by Yacht Brokers Joe Foggia and Paul Daubner, acting on behalf of the seller. The yacht was launched by her renowned American builder in 1999. After a 2017 refit, the yacht presented beautifully. She boasts impressive interior space and a well-thought-out on-deck layout providing abundant spaces for her new owners and guests to relax and socialize.Isabella’s interior was designed by Pacific Custom Interiors, which created a welcoming and elegant main salon outfitted with bespoke furnishings and seating, a full bar and an entertainment center – all of which was built using the highest quality materials by expert craftsmen. The yacht’s formal dining table is located forward of the main salon. Large windows provide abundant natural light and incredible views.She can accommodate ten guests in five staterooms. The yacht’s master cabin is located on the main deck. It is outfitted with a king bed and an impressive ensuite bathroom with a tub and shower. Four additional staterooms are located below deck, each with an ensuite bathroom. The yacht carries a crew of four in two ensuite crew cabins.The exterior decks of Isabella are stylish and were designed by Anderson Yacht Design. The yacht has a large aft deck and foredeck sunpads. Her flybridge is outfitted with a wet bar, barbecue, jacuzzi and lots of space to unwind.Credits: Northrop & Johnson
March 5, 2021
The German based manufacturer of electric yachts and floating solutions Alva Yachts has signed contracts with environmentally conscious yachting dealers from across the world. Alva Yachts has seen strong interest from dealer partners in Scandinavia, Eastern Europe, the Middle East, and Asia. However North America is particularly strong. This is driven by incredibly strong consumer demand for luxury solar-powered catamarans.Alva Yachts dealer networkMathias May, Alva Yachts co-founder and managing director“We are very proud to announce our global network and look forward to further growth as a company with newly gained partners all over the world”, says Mathias May, Alva Yachts co-founder and managing director.Dennis de Roos, Alva Yacht’s Interim Commercial DirectorDennis de Roos (Alva Yacht’s Interim Commercial Director) says: “The main focus is on the growth of the Company and network expansion, with the implementation of a strong dealer structure around the world. To support this mission, the Alva management has established very important partnerships with distributors and dealers in the key yachting areas of the world, where electric and emission-free sea travel has become a key requirement.”Alva Yachts OE60Alva Yachts was founded in Germany in early 2020 by Mathias May and Holger Henn. It was built on the former PICA yachts, which launched more than 40 boats. May brings with him many years’ experience in boatbuilding, and is managing director of a new company based in Bad Pyrmont, Germany. Henn, on the other hand, is a celebrated yacht designer with numerous award-winning designs from 26ft to 82ft under his belt. He has taken on the role of CEO of Alva Yachts.Credits: Alva Yachts
March 4, 2021
Steven Kozloff has announced the new explorer project Arctic Owl in his Goliath Series. The 61m Arctic Owl is fast, light, has a shallow draft and features a helicopter hangar.The U-Boat Worx NEMO submarine can be accommodated in the garage. The submarine’s easy launch and recovery system is Kozloff’s most recent invention. She also has a separate dedicated garage for the tenders, both port and starboard, resulting in an effortless launch and recovery system. Arctic Owl has two aft cranes to load and off-load research equipment.The Arctic Owl can accommodate up to ten guests and six crew members. She features two master cabins with panoramic views, forward and aft, and has four additional rooms that can accommodate two guests each.There is a generously sized spa, swimming pool, and lounging area at the bow. The Arctic Owl cruises at 16 knots for 6,000 nautical miles. Credits: Steven Kozloff
March 4, 2021