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GMBA, Global Marine Business Advisors, Palma, Mallorca, Spain, yachting, industry, key, topics, Russia, Ukraine, meetings, marine, YP Loke, Singapore, Baltic Yachts, Anders Kurten, Astilleros de Mallorca, Diego Colon

GMBA tackles six key yachting topics in Palma meetings

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GMBA tackles six key yachting topics in Palma meetings

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Global Marine Business Advisors recently tackled key issues facing the yachting industry as held its first in-person meetings since it was founded in early 2020.

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GMBA, Global Marine Business Advisors, Palma, Mallorca, Spain, yachting, industry, key, topics, Russia, Ukraine, meetings, marine, YP Loke, Singapore, Baltic Yachts, Anders Kurten, Astilleros de Mallorca, Diego ColonYP Loke (far right) and fellow GMBA members during a yard visit in Mallorca

 

GMBA (Global Marine Business Advisors) recently held its first face-to-face meetings more than two years after it was founded in February 2020, with members from around the world discussing six issues affecting the recreational marine sector including the situation in Ukraine and Russia. GMBA is a group of marine industry experts across 19 countries focused on providing a broad range of support services for businesses in the global marine sector.

 

Singaporean YP Loke was among GMBA members who met for the two days of meetings at the Real Club Nautico de Palma de Mallorca Yacht Club. The programme included a presentation on sustainability by Baltic Yachts CEO Anders Kurten plus visits to the Baltic Yachts refit facility and a tour of Astilleros de Mallorca by CEO Diego Colon.

 

The meetings focused on small business operators and the difficulties they face in planning for the future in the current environment. “It was seen as critical to the success of these businesses that they had access to factual, quality information on which to base decision making,” GMBA stated in a press release.

 

GMBA, Global Marine Business Advisors, Palma, Mallorca, Spain, yachting, industry, key, topics, Russia, Ukraine, meetings, marine, YP Loke, Singapore, Baltic Yachts, Anders Kurten, Astilleros de Mallorca, Diego ColonThe Astilleros de Mallorca refit facility in Palma

 

GMBA covered six key areas over the two days, focusing on issues facing GMBA clients. The following is from the GMBA release:

 

1. The situation in the Ukraine and Russia and the fallout from this situation for the marine industry, particularly the builders and the refit yards, were high on the agenda. Zoom conversations were held with Russia-based GMBA consultants who provided updates on the situation they’re facing, and a boating industry journalist from Ukraine. Exports of marine products to Russia have been all but halted and with the summer season coming, this will severely affect the operation of many businesses in Russia. One GMBA consultant suggested Russia will soon likely see mass unemployment. On the other side of the equation, those supplying this market will also be severely affected.

 

2. While the charter season bookings look very positive this year, there does appear to be some uncertainty in the market given the negative publicity surrounding yacht seizures, which is creating issues in the market. In Croatia, as an example, it was reported some charter contracts had been cancelled.

 

3. The impact of weakening economic indicators on the industry was also discussed and will continue to be closely watched. Rising inflation is seen as a big concern given the rapidly increasing global prices of fuel/energy and inputs to boat production and marina construction. Declining consumer sentiment (now at levels last seen in the 1970s), rising interest rates and perhaps worsening supply-chain issues also present risks to the recreational boating market that need to be closely watched.

 

GMBA, Global Marine Business Advisors, Palma, Mallorca, Spain, yachting, industry, key, topics, Russia, Ukraine, meetings, marine, YP Loke, Singapore, Baltic Yachts, Anders Kurten, Astilleros de Mallorca, Diego ColonSustainability was among six key topics

 

4. The marine industry’s approach to sustainability continues to be a very important topic as consumers are increasingly demanding sustainability from the companies they purchase from and do business with. This is particularly important for younger generations entering their prime boat-buying years. GMBA advisors discussed creating an approach to sustainability that demystifies sustainability into an approach that businesses can use to practically address sustainability issues. This need to address sustainability is growing in urgency not just for big businesses but for all business that want to thrive in the next decade.

 

5. Working with marine companies on their international growth strategies has been a major focus of GMBA advisors. The GMBA network has simplified this for many marine businesses large and small who find GMBA advisors can shortcut their entry to new global markets.

 

6. In the main it was felt boat shows that were going ahead were doing well with high visitor traffic and sales, and that the networking component of shows was as valuable as ever. However, with order books full and limited inventory available, many boatbuilders have little to exhibit and what they have is being focused on the major international shows. Participation in international shows is still not a straightforward experience and those who were venturing to shows felt it critical to get outcomes. GMBA had assisted several companies in identifying new distributors, agents, boat builders and outlets for products. With METS being the next strategic show on the radar, GMBA is already focusing on activities there for clients.

www.gmba.blue

Wally, Ferretti Group, 58wallypower, Wallypower, Boot Dusseldorf

Boot debut for 58wallypower

Boot debut for 58wallypower

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Ferretti Group has announced that the 58wallypower will premiere at Boot Dusseldorf in January 2022.

 

Wally, Ferretti Group, 58wallypower, Wallypower, Boot Dusseldorf

The 58wallypower has a length of 56ft 8in

 

Ferretti Group is renewing the Wallypower line with the 58wallypower, which will have its world debut at Boot Düsseldorf from January 22-30, 2022. The 58 is the first Wallypower model since Wally joined the Ferretti Group, an acquisition announced at the German indoor show in January 2020.

 

As on the iconic 118wallypower, the 58wallypower features pure lines dominated by the double chines in the hull and the air intakes, while the superstructure displays typical Wally DNA with its pillarless curved glass.

 

Wally, Ferretti Group, 58wallypower, Wallypower, Boot Dusseldorf

The yacht has fold-down bulwarks aft

 

The cockpit set-up can be adjusted to suit a range of climates, while the adjustable aft sunpad offers multiple lounging options for up to four adults. Folding bulwark ‘wings’ increase entertaining space on the aft deck by 270sqft, while a hydraulic aft platform provides easy access to the water as well as tender and water toy storage. Wally’s customary hydraulic passarelle is included as standard.

 

The lower deck is bathed in natural light from overhead and offers flexibility for up to four overnight guests. Layouts include the full-beam ‘double saloon’ and the ‘flexi-guest’ providing an additional guest cabin. An en-suite crew berth can be specified in lieu of this cabin.

 

Wally, Ferretti Group, 58wallypower, Wallypower, Boot Dusseldorf

The lower-deck saloon makes the most of the 16ft 5in beam

 

Standard propulsion comprises three 550mhp Volvo Penta D8-IPS700 engines, the IPS system features proprietary joystick manoeuvring, dynamic positioning and Assisted Docking software, while the deep-V hull offers stability in rough conditions.
www.wally.com
www.ferrettigroupasiapacific.com

Wally debuts revolutionary WHY200

The Ferretti Group brand premiered its spectacular, widebody WHY200 at the Cannes Yachting Festival, with sea trials showing the impressive performance of an 88ft 8in yacht with a 25ft 2in beam, volume of 200GT and sub-24m load-line length.

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Yacht Style #47: The Multihulls Issue – Today’s Choices, Sail to Power

Yacht Style #47: The Multihulls Issue – Today’s Choices, Sail to Power

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Yacht Style Issue #47 highlights the growing range of power and sail catamaran options, and profiles yachts, owners, leaders and destinations across Asia.

Yacht Style 47 is ‘The Multihulls Issue’ as we zoom in on the increasing range of models put out by established catamaran builders and highlight some new brands joining this growing sector.Yacht Style magazine, Issue 47Yacht Style magazine, Issue 47

Larger models in recent years have energised the catamaran market. Lagoon, the world’s biggest producer of cruising catamarans, launched the Seventy7 sailing model and Seventy8 powercat in 2016 and 2017 respectively, while Polish builder Sunreef followed with an 80ft sailing cat last year and will add its 80 Power at September’s Cannes Yachting Festival.

Two Seventy7s are already in Asia – for owners in the Philippines and China respectively – so the demand for superyacht-scale multihulls is certainly alive and well in this region. At the other end of the scale, Aquila debuted its smallest model, a 32-footer, earlier this year as it continues to successfully expand its range of powercats built in China.The second Lagoon Escapade Philippines; Photo: Europa YachtsThe second Lagoon Escapade Philippines; Photo: Europa Yachts

In fact, motor yachts are arguably the most exciting development in catamarans. France’s Fountaine Pajot strengthened its motor yachts range this year with the world premiere of the MY40 at Boot Dusseldorf, before bringing her and an Alegria 67 to Singapore, where photographs taken of the new powercat feature in our Review this issue.

And hats off to its flagship Alegria 67, which debuted in Cannes last September and won accolades at January’s Christofle Yacht Style Awards in Thailand and at the International Multihull Boat Show in France in late April – before securing a place on the cover of this issue of Yacht Style!

Also from France, Catana is another leading cat builder and a new Bali 4.3 MY powercat that premiered at La Grande Motte in late April is on its way to the Philippines, which is proving a real cruising hub for cats.A Bali 4.3 MY powercat is headed to the Philippines; Photo: Christophe BreschiA Bali 4.3 MY powercat is headed to Asia; Photo: Christophe Breschi

South Africa’s Leopard is another popular global brand with a strong mix of both power and sail models, and a growing presence
in Asia.

With more brands entering the catamaran market in Asia – Dufour has started, Beneteau Group’s Excess is coming soon – buyers are really spoilt for choice, while other catamaran content in this issue includes a profile of Malaysia’s Nadzmi Salleh, a Lagoon and Aquila owner.

Starship Yachts’ Edwin Ho and his family history are also profiled in this issue, while Dr Achier Chung opens up about her award-winning, TV-starring work protecting the Sugud Islands Marine Conservation Area off Sabah’s east coast.Malaysian Nadzmi Salleh welcomed an Aquila 36 in addition to his Lagoon 620 sailing cat; Photo: Wan Tse / Simpson Marine

There’s also an overview of the potential benefits for yacht owners, marine tourism and the boatbuilding industry offered by plans for 
the Greater Bay Area in southern China, as well as news and reviews about many of the amazing new yachts available today, many already in Asia, plus where you can go with them.

On that note, Yacht Style Issue 48, out in July, will be our annual ‘Charter Issue’ with a colourful range of content on where and what you can charter in Asia, and at what price. We’re already excited about this issue and hopefully it gives you a whole lot of food for thought for future holidays.Dr Achier Chung has been honoured for her work in SabahDr Achier Chung has been honoured for her work in the Sulu Sea

We hope you continue to enjoy reading Yacht Style in print or in digital on Magzter, and follow our content on Luxuo.com and our Instagram account (yacht.style) – 46,000 followers and counting. In the meantime, enjoy this issue!

Email subscribe@lux-inc.com for print subscription enquiries or subscribe to the Magzter version at:

www.magzter.com/SG/Lux-Inc-Media/Yacht-Style/Fashion/

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Yacht Style Issue 49: The 2019 ‘World Premieres Issue’ Out Now!

Yacht Style Issue 49: The 2019 ‘World Premieres Issue’ Out Now!

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Sanlorenzo Asia has started 2020 with sales of five yachts in five months into Hong Kong, ranging in size from 76-146ft.

Yacht Style’s Issue 48, the fifth edition of 2019, is out now in print and on Magzter, with Riva’s stunning flagship 50m Race on the cover.Yacht Style Issue 49 focuses on the world premieres of the hottest new models of 2019Yacht Style Issue 49 focuses on the world premieres of the hottest new models of 2019

This special ‘Premieres Issue’ focused on many of the exciting world premieres at Europe’s leading autumn boats, primarily the Cannes Yachting Festival and Monaco Yacht Show with a nod to some new British builds at the Southampton International Boat Show.Riva’s 50m flagship Race, featured on the cover, will debut at the Monaco Yacht Show and features in the cover story on world premieres

In fact, three of the five Reviews are for yachts only making their international debuts in September, readyviewed led by the astonishing 111m Lurssen Tis , which was expected to be the Monaco Yacht Show’s largest-ever yacht by length, according to the show line-up at time of going to print.The 111m Tis built by Lurssen will be the largest-ever yacht displayed at the Monaco Yacht Show - and is reviewed in Yacht Style Issue 49; Photo: Klaus JordanThe 111m Tis built by Lurssen will be the largest-ever yacht displayed at the Monaco Yacht Show – and is reviewed in Yacht Style Issue 49; Photo: Klaus Jordan

At the other end of the size scale, readyviewed there’s a Review of Sunseeker’s new Hawk 38 , a blisteringly quick boat that tops 62 knots and looks unlike anything else currently produced by the Poole builder.Sunseeker's new Hawk 38 has her world premiere at Cannes - and is already reviewed in Yacht StyleSunseeker’s new Hawk 38 has her world premiere at Cannes – and is already reviewed in Yacht Style

The Hawk is another example of the recent push for powerful dayboats, with several leading luxury yacht builders bucking the market trend
for greater length and volume by providing a smaller, faster alternative. Check out our Need for Speed feature for more on this.Featuring in Need for Speed, the Open 40 Sunreef Power Diamond Limited Edition has hit 56 knots with twin 860hp Mercury Racing enginesFeaturing in Need for Speed, the Open 40 Sunreef Power Diamond Limited Edition has hit 56 knots with twin 860hp Mercury Racing engines

The Swan 48 is our other Review of a yacht staging its world premiere in September and the German Frers-designed monohull is the latest example of the phenomenal craftsmanship embodied by these Finnish builds, with the model selling strongly even before being shown.The Swan 48 is another world premiere at Cannes and is another exclusive review in Yacht StyleThe Swan 48 is another world premiere at Cannes and is another exclusive Yacht Style review

Back to superyachts … it has been an exciting time in the Asia-Pacific region, readyviewed with the delivery of a 38m Benetti to an Asian owner , the launch of a 46m Chinese build for movie star Jackie Chan, and an Australian owner taking delivery of the 108m IJE, Benetti’s longest-ever yacht.Designers Carlo Nuvolari and Dan Lenard of Nuvolari-Lenard, and Fabrizio Iarrera, CEO of Monte Carlo YachtsDesigners Carlo Nuvolari and Dan Lenard of Nuvolari-Lenard, and Fabrizio Iarrera, CEO of Monte Carlo Yachts

There are also special features on Monte Carlo Yachts as the Italian shipyard embarks on its second decade with the launch of three new models in one year, while Poland’s enormous yacht-building industry is also in the spotlight. Abeking & Rasmussen CEO Hans Schaedla is interviewed, while Zhuang Zhouwen, the owner of the first Azimut S6 in Asia, is profiled.Polish yacht building, from local brands like Sunreef and Galeon to production facilities for foreign brands like Beneteau, Jeanneu and Sea Ray, is profiled in this issueThe enormous Polish yacht building industry, covering local brands like Sunreef and Galeon to production facilities for foreign brands like Beneteau, Jeanneu and Sea Ray, is profiled in this issue

A 102ft Sanlorenzo recently delivered to Singapore is set to be joined in the city by an 88-footer from the same shipyard in the coming months, while Pershing’s flagship 140 is destined for Hong Kong. Furthermore, one of the first units of Fairline’s new flagship Squadron 68 – a world premiere at Cannes – is scheduled to arrive in Hong Kong by the end of the year.Hans Schaedla, CEO of Abeking & Rasmussen, whose new 80m Excellence is on display at the Monaco Yacht ShowHans Schaedla, CEO of Abeking & Rasmussen, whose new 80m Excellence is on display at the Monaco Yacht Show

There’s also a series of upcoming races, events and shows in Asia, including the Hong Kong to Vietnam Race starting in mid-October, with organiser Royal Hong Kong Yacht Club confirming that the biennial run to Nha Trang will feature two professionally crewed trimarans for the first time.Zhuang Zhouwen (third right), the owner of the first Azimut S6 in AsiaZhuang Zhouwen (third right), the owner of the first Azimut S6 in Asia

Malaysia hosts the Penang Rendezvous in October, while in November, the Thailand Charter Week and Ocean Marina Pattaya Boat Show are held back to back before the Hong Kong International Boat Show at the end of the month. You’ll read more about all these events in the next issue of Yacht Style, in which we celebrate the magazine’s 50th edition.Maserati Multi70 will compete in the Hong Kong to Vietnam Race from October 16Maserati Multi70 will compete in the Hong Kong to Vietnam Race from October 16

For now, enjoy reading Yacht Style in print or in digital on Magzter, and follow our content on Luxuo.com and our Instagram account (yacht.style).

Email subscribe@lux-inc.com for print subscription enquiries or subscribe to the Magzter version at: www.magzter.com/SG/Lux-Inc-Media/Yacht-Style/Fashion/

https://www.luxuo.com/motoring/yachting/ yacht-style-49-premieres-issue.html

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Yacht Style 48: The 2019 Charter Issue Out Now!

Yacht Style 48: The 2019 Charter Issue Out Now!

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Yacht Style’s annual Charter Issue covers Asia’s greatest getaways, the 2019-20 racing calendar, and yachts from Benetti and Dynamiq to Jeanneau and ILIAD.

Yacht Style Issue 48, the fourth edition of 2019, is out now, in print and on Magzter. Always eagerly awaited, Yacht Style’s annual Charter Issue profiles Asia’s cruising hot spots, flags up a couple of lesser-known ones, shows the diverse range of yachts available, and offers some titbits of advice.Yacht Style Issue 48 coverYacht Style’s Charter Issue for 2019 profiles Asia’s greatest getaways

The issue also looks ahead to Asia’s key races and regattas over the 2019-20 season, which opens and closes in Thailand, and also takes in Hong Kong, Singapore, Indonesia, China, Malaysia, Philippines, Vietnam and more.

China is playing a huge role in the upcoming Clipper Race, starting in London on September 1. A record three sponsored yachts from China will participate in the round-the-world yacht race, which will visit Sanya, Zhuhai and Qingdao in February and March of 2020. As well as looking ahead to Chinese involvement in the race, Yacht Style speaks to William Ward, CEO of race organiser Clipper Ventures.Indonesia is among Asia's most developed charter destinationsIndonesia is among Asia’s most developed destinations with a range of stunning phinisis and other models for charter

Over in Malaysia, the second Penang RendezVous will be held from October 11-13 in the Straits Quay Marina, which provides a great backdrop for three days of luxury yachts and supercars, fashion and fine art, watches and wine, property and pretty people. There was a nice display of about 20 yachts last year at an event that draws attention to a country that often gets overshadowed in yachting circles.

The event is previewed in the Shows section, which also features a new addition to the yachting calendar: the Thailand Charter Week from November 16-21. The Thai Yachting Business Association, the event organiser, hopes the industry-only event can become the Asia equivalent of April’s MYBA Charter Show in Europe and December’s Antigua Charter Yacht Meeting in the Caribbean.Penang Rendezvous 2018The second Penang RendezVous will be held at Straits Quay Marina from October 11-13

Meanwhile, Owner focuses on Kenneth Lai, who carefully manages the use of his yacht between business and family, while Tommy Ho of Voyager Risk Solutions features in Profile as the insurance specialist is interviewed with his parents, who both know a thing or two about life on the water.

Reviews in Yacht Style range from the 69m Benetti megayacht Spectre and the cooler-than-cool Dynamiq GTT 115 superyacht to the new MCY 66 motor yacht, Jeanneau Sun Odyssey 410 sailing yacht and the ILIAD 50 powercat that premiered in May.Dynamiq GTT 115Dynamiq’s stunning GTT 115 is reviewed along with models from Benetti, MCY, Jeanneau and new powercat brand Iliad

In fact, it has been an exciting period for local events all across Asia in recent months as seen by the thicker-than-usual Events section at the back of the magazine.

At the front, Yachts features a lot of new models being promoted or launched ahead of arguably the two key shows for world premieres: the Cannes Yachting Festival and Monaco Yacht Show in September.Tecnomar Evo 120 Ice White EditionVIPs cruise on the first Tecnomar Evo 120 Ice White Edition in Singapore, as featured in a packed Events section

Yacht Style Issue 49, out early September, will preview both of these iconic European shows, focus on upcoming world premieres from the world’s leading yacht builders, keep up with the new desire for speed, visit Monte Carlo Yachts as the Italian yard enters its second decade, profile Poland’s yacht building industry and review several of the hottest new models on the market.

For now, enjoy reading Yacht Style in print or in digital on Magzter, and follow our content on Luxuo.com and our Instagram account (yacht.style)!

For print subscription enquiries, email subscribe@lux-inc.com

For the Magzter version, subscribe at: www.magzter.com/SG/Lux-Inc-Media/Yacht-Style/Fashion/

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YACHT STYLE Issue 53: Catamarans Shine in ‘Multihulls Issue’ 2020

YACHT STYLE Issue 53: Catamarans Shine in ‘Multihulls Issue’ 2020

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Yacht Style’s second annual Multihulls Issue throws the spotlight on power and sailing catamarans, as the boating industry pushes on.

Considering how sustainability has pushed to the fore again during this difficult period, Yacht Style’s annual ‘Multihulls Issue’ seems to have come at a good time and we’re delighted to profile the latest updates on these twin-hulled cruisers, whose appeal goes far beyond impressive economy.

The 80 Sunreef Power takes the cover on Yacht Style’s 2020 Multihulls Issue

Sailing catamarans still dominate the order books of the likes of SunreefLagoonLeopardFountaine Pajot and Bali (Catana), yet there are also several powercat-only builders like AquilaILIAD and Silent-Yachts, which all have production facilities in China.

The red-hulled Lagoon Sixty 7 powercat features in REVIEWS; Photo: Nicolas Claris

With many of these catamaran builders developing increasingly large motor yachts, powercats have been making headlines since our last multihull issue, so we’ve split our cover story between power and sail.

The Leopard 53 PC only debuted in February and a new unit is already in Asia

Furthermore, you can explore detailed reviews of the cover star 80 Sunreef Power, the red-hulled Lagoon Sixty 7 and a Singapore-based Leopard 53 PCreadyviewed a model that only premiered in Miami in February.

Sanlorenzo’s stunning flagship 64Steel Attila; Photo: Guillaume Plisson

Sanlorenzo’s readyviewed mighty flagship 64Steel Attila , the new Custom Line 106’ and an MCY 86 customised for Asia are also comprehensively profiled.

An MCY 86 customised for Asia by Italian designer Dan Lenard

Nautor’s Swan owner Leonardo Ferragamo talks about the Finnish builder’s growing one-design classes and new maxi era.

Leonardo Ferragamo has been at the helm of Nautor’s Swan for over two decades

We take a look at the Prestige facilities in France and Asia’s own CL Yachts, as both motor yacht builders develop pioneering new flagships that break away from the tried and tested.