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.

Latest News

Lürssen Launches the 122m Project JAG
Lürssen has announced the successful launch and unveiling of project JAG. She was launched on 22 June 2021 in the traditional fashion: down the slipway! She is built for a very experienced repeat client, who upgraded from his former 96m Lürssen yacht.JAG’s build was supervised by Moran Yacht & Ship, who have a long-standing relationship with the client. For them, as well as for the long-time captain Kyle Fultz, it is the third Lürssen yacht for the same owner, whom they have supported with their vast combined experience.Exterior designer Nuvolari-Lenard has given JAG very harmonious proportions, and with a length of 122m (including bow sprit) and a beam of 17.80m she boasts extraordinary volumes, accommodating all of the owner’s requirements whilst still maintaining sleek and elegant lines. Her interior, designed by Reymond Langton, is a beautiful, bespoke homage to the owner’s lifestyle when on board his yacht.Lürssen is a German shipyard with headquarters in Bremen-Vegesack and shipbuilding facilities in Lemwerder, Berne and Bremen-Aumund. Founded in 1875, Lürssen is one of the world's leading builders of custom luxury superyachts and has launched many of the largest yachts in the global fleet, including Octopus, Rising Sun, and Azzam.Credits: Lürssen/Klaus Jordan
New Superyacht Concept Etere By Leoni Design Workshop
Leoni Design Workshop (LDWO) have shown their newest design concept. The 49m Etere has an aluminium hull and superstructure. The superyacht will have five spacious decks. Because of the close to nature concept Etere features the full height windows in the main saloon and in the dining room. She can accommodate ten guests in five cabins and will be operated by a crew of nine. The large master suite also has a private terrace.She also features an aft deck beach lounge, with integrated sofas. There are two configurations available. The first offers a lounge area on the main deck aft, and an interior beach club area. The second one has an open beach club and an open-planned lounge space and an infinity pool.Etere will have a top speed of 19 knots and a cruising speed of 17.5 knots. She will have a range of 4,000 nautical miles at 10 knots.Credits: LDWO
The tenth hull of 31m Majesty 100 Has Been Delivered
Gulf Craft delivers another Majesty 100, named Konfeta. Wholly manufactured at the in-house design and production facility of Gulf Craft, the Majesty 100 will set off for the Turquoise Coast in Turkey and will cruise further on to the Mediterranean Sea following her summer berthing in Turkey.Hull 10 of the Majesty 100 was designed to the specifications of the owner and stands out for her exquisite exterior and interior design offering ample onboard space as well as a sky lounge on the upper deck.With folding balconies on both sides of the cockpit, the Majesty 100’s interior features include floor-to-ceiling glazing in the main deck saloon and five spacious staterooms that can accommodate ten guests and five crew members. Her raised wheelhouse has 270-degree vertical glass panels, a design-first by Gulf Craft, which offers the captain unobstructed views of the seascapes.“Every superyacht manufactured at Gulf Craft is the result of precision design and engineering, and careful attention to detail. The Majesty 100 has been one of our most sought-after models and raises the bar in terms of performance as well as exterior and interior features. With the new delivery, we are honored to take Gulf Craft’s flag to more exotic destinations,” says Mohammed Alshaali, Gulf Craft Chairman.Gulf Craft CEO Talal Nasralla added: “Since the Majesty 100 was launched at the 2017 Dubai International Boat Show, she has become one of Gulf Craft’s best-selling superyachts.”Made of fiber-reinforced polymer (FRP), making her lightweight at 199 Gross Tons, the 31.7m Majesty 100 is powered by twin MAN 1,900 horsepower engines reaching a top speed of 20 knots. Since the company’s inception in 1982, Gulf Craft has grown to become one of the top seven shipyards in the world: once a builder of small fishing boats in modest premises, a genuine passion for the sealed Gulf Craft, they then established their credentials as a leader of innovation and technology in the yachting industry. With five brands in the product portfolio, ranging from 31 to 175 feet, Gulf Craft manufactures yachts and boats that appeal to a wide audience such as touring passenger vessels, Silvercraft family day boats, Oryx Sport Cruisers, Nomad Explorer Yachts, and the flagship Majesty Yachts.Credits: Gulf Craft
The Sailing Sloop Perseverance Has Been Launched
This weekend Baltic Yachts in Pietarsaari, Finland launched the sailing yacht Perseverance. This yacht is an advanced composite 117 Custom Classic sloop from the board of renowned Dutch designers Dykstra Naval Architects.She has distinctive pilot cutter-style features, including a straight stem, bowsprit, counter stern and deep bulwarks, but a very modern approach to emissions and the environment.With an electric propulsion system powered by a lithium ion battery bank this global cruising yacht will be able to operate in ‘silent’ mode for long periods.Her ‘light and contemporary’ interior was made by Dutch design studio, deVosdeVries. The yacht is designed with an owner’s suite forward and three double guest cabins.Perseverance will now be prepared for sea trials in readiness for delivery to her owner. Baltic Yachts was founded in 1973 with a clear objective to build better yachts that are lighter, stiffer, and faster. With more than 550 yachts launched, that objective has been continuously met.Credits: Baltic Yachts
Azimut Yachts Has Launched the Second Unit of the 38m Azimut Grande Trideck
On Wednesday, Azimut Yachts launched the second unit of the 38m Azimut Grande Trideck. The model has an extra deck in addition to the three traditional ones, completing a visual effect of cascading terraces from the top of the sundeck down to the sea. This all-new feature brings with it a full height beach area and transforms the cockpit into a private patio, which invites the environment in through cut-outs in the fashion plates. Dynamic exterior lines were designed by Alberto Mancini. The elegant interior has been designed by Achille Salvagni, who brought his famous air of wellbeing onboard the Trideck – with a less formal twist. The yacht’s hull is the second generation of the D2P (Displacement to Planing) hull, which was developed for smooth sailing and class-leading fuel economy by Pierluigi Ausonio of Studio Plana in collaboration with the Azimut|Benetti R&D Department. Other factors which contribute to her superb seakeeping include the extensive use of carbon fiber to laminate the upper parts of the yacht, as well as stabilizer fins from CMC Marine, which are integrated efficiently thanks to their proprietary Argo software.Grande Trideck has a dual-motor option, with a pair of MTUs of 2400 or 2600 hp each. The first model under test, with an engine of 2600 hp, recorded a maximum speed of 24 knots, a range of 700 miles at 19 knots and, at a cruising speed of 12 knots, an autonomy of over 1700 miles.The new unit will cruise the Mediterranean seas, between Italy, Greece and Turkey.Azimut Benetti Group is a leading builder of luxury yachts from 11.8 to more than 36 metres in length. The Group owns the following brands: Azimut Yachts, Benetti Yachts, Yachtique, Lusben, Marina di Varazze and Royal Yacht Club Moscow.Credits: Azimut Yachts