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Discover the difference

As a Burgess client, you always come first, whether that’s charter, sale and purchase, build, refit or any aspect of yacht ownership. That’s the Burgess difference.

charter a yacht

Your great escape. Tailored by Burgess. 

Cruise in inimitable style and experience real freedom.  The adventure of a lifetime awaits aboard the world’s greatest superyachts, all curated by your own professional broker.

BUY A Yacht

Your life. Spent wisely.

From the global fleet of mega yachts offered for sale, we hand-pick the best opportunities and share our expert knowledge, so that you can make the best decisions.

Your wish. Our world.

Our reputation is your recommendation. Since 1975 all our knowledge has been distilled into one goal, making sure you enjoy the best yachting experience.  If it involves yachts, we’ve got you covered.

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Our directly employed brokers share market-leading intelligence and powerful client database insights with our experienced global team to ensure the best outcome for you.

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Your vision. Our expertise.

From first concept to maiden voyage and beyond, we work on your behalf so you can enjoy building your dream yacht. Together we bring your unique vision to life.

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Asset upgrades. Enhancing your investment.

We work with you to transform your yacht into the one you want to own. No other company has more in-house knowledge and experience than Burgess and it’s all on your side.

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Our aim is to allow you to get maximum enjoyment from your luxury yacht without any of the day-to-day operational concerns. We take care of everything on your behalf.

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Get more out of your owner experience knowing that we have all your yachting requirements in hand. Working with your captain and crew, we reduce risk and increase enjoyment.

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Crew are a vital part of your yachting experience. We are your trusted partner in every aspect of their employment, from sourcing to payroll, training to insurance and beyond.

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We love the ocean and we want future generations to enjoy it too, so it’s our responsibility to protect it. 

Find out how we’re driving sustainability from the inside out.

Burgess - luxury superyachts

Whether you’re considering your first charter or building your fifth yacht, Burgess has the expertise you need. Learn how our global brokerage team consistently sells more yachts like yours than anyone else. Talk to our charter team about personalised luxury yacht charter experiences. If you own a yacht, find out about our full-service support and if you plan to build a series or full-custom superyacht, find out how our experts can help you turn your vision into a reality.

5 stunning private Mediterranean islands to add to your charter

Further price reduction on 49.9m BASH IV

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HERE COMES THE SUN is for sale

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Luxury Yacht Group provides imaginative, creative solutions for yacht management, crew placement, sales and charter. We've developed and continually refine the largest database in the industry, and place more crew on yachts than any other agency. Our diverse team have degrees in everything from management to to design, many with practical, on board yachting experience.

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LUXURY YACHT CHARTERS DESIGNED FOR YOU

We’ll arrange your perfect yachting vacation in the destination of your dreams

PRIVATE YACHT CHARTERS DESIGNED TO PAMPER

We create exceptional charter experiences and long lasting memories, choose your dream destination.

Mediterranean, Caribbean, South Pacific, South East Asia and more

Book your next charter with us

We ensure planning your charter is easy and enjoyable

MEET YOUR TEAM

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We'll Match the Right Yacht to Meet Your Criteria

Yachts personally inspected and selected by our experienced Team .... plus hundreds more

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Meet Your Team

Your trusted experts: each of our team has 15 years or more experience in the luxury charter yacht industry

Jeni Tidmarsh

Head office.

• P: +61-459-303-221

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European office.

• P: +33 6 85 60 15 79

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Sharon Bahmer

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Local Time: 12:49 AM

Private yacht charters designed to pamper

All our yachts come with professional crews Your luxury hotel on the sea

Here's the secret to arranging the perfect yacht vacation in your dream destination! It's simple, you're already in the right place. Just tell us what you wish for, and we'll start with the best selection of charter yachts available to match your criteria in the destination of your dreams. Leave everything to our international team of charter experts who have an infinite knowledge of charter yachts and destinations worldwide. You'll enjoy the benefit of more than 140-years combined international yachting experience. Our mission is to take care of every fine detail to ensure your charter vacation is exceptional. It's as simple as that. You get to enjoy the experience from the time of your first enquiry to us.

“Luxury Charter Group deserves in full the fantastic reputation the company has built. You were extremely competent and solicitous to make this voyage a very memorable one and I thank you for taking such good care of us. I certainly will work with you in my next charters, and I have already given your name and referred Luxury Charter Group to several interested friends. Thank you very much for everything.” — RI Charter Turkey & Greece, July

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Charter a Motor Yacht in the Caribbean: the Ultimate Luxury

The Caribbean, with its azure waters, lush islands, and vibrant culture, offers an unparalleled setting for luxury yacht charters. Chartering a crewed luxury motor yacht in these idyllic islands provides a unique way to explore this beautiful region and offers an experience that combines the ultimate in privacy and superb personalised service.

The Advantages of Engaging a Luxury Yacht Charter Broker: Why Choose Luxury Charter Group?

Embarking on a luxury yacht charter is an unparalleled experience that promises adventure and relaxation. In today's digital age, it's easy to find information about yacht charters online. So, you may wonder, why should you engage a yacht charter broker? The answer lies in the benefits we offer and the risks we help you avoid.

Luxury Yacht Charters in the Mediterranean: A Foodie Discovery

A luxury yacht charter is not just a maritime adventure; it's an exploration of the region's rich and diverse culinary landscape. Each destination unfolds its unique gastronomic treasures, and your yacht becomes a floating gourmet haven. Indulge in the freshest local ingredients in fabulous restaurants ashore or expertly prepared by onboard chefs, as you cruise through a tapestry of tastes that reflect the essence of the Mediterranean.

Friends and Family Groups Chartering a Luxury Yacht in Croatia

When it comes to vacationing with a group of people, whether it be family or friends, few experiences can match the luxury, exclusivity and ease of a crewed yacht charter in Croatia. With modern high volume motorsailers and motor yachts capable of accommodating up to 24 guests, crystal-clear waters and picturesque coastal towns and islands, Croatia is the perfect destination for a memorable getaway.

Eco-Friendly Luxury Catamarans in the Med: the Future

As the world shifts towards more sustainable living, the yachting industry is also embracing eco-friendly innovations. The stunning Mediterranean is the perfect backdrop for a luxury yacht charter that doesn’t compromise on environmental responsibility. These modern eco-friendly luxury catamarans offer an unparalleled yachting vacation while prioritising the preservation of the beautiful and fragile Mediterranean environment. Let’s be kind to our planet!

8 Good Reasons to Book with Luxury Charter Group

We are the luxury charter experts and have been excelling in this space for 30 years, or a combined total of 140 years! Our clients’ feedback assures us that our experience, expertise and dedication are the main reasons they rely on us, why they rebook time and again and refer their friends and contacts to us.

• Personalised service: we take care of the details
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• Up-to-date charter yacht knowledge
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Luxury Yacht Charter Vacations

Luxury Yacht Charter | Yacht Vacations

Discover the Ultimate Luxury Yacht Charter Experience

We understand life can be overwhelming The traditional means of, planning a Luxury Yacht Charter vacation or renting yachts can only add to that stress. But fear not; CKIM Group is here to create an unforgettable and stress-free luxury yacht charter experience just for you.

You deserve more than a decent getaway. We go above and beyond to curate a luxury vacation that surpasses your expectations.

A luxury yacht charter epitomizes the pinnacle of personalized and exclusive travel experiences, offering discerning travelers unparalleled luxury, privacy, and flexibility. Unlike conventional vacations, a luxury yacht charter is tailored to the exact preferences and desires of the guests.

We can ensure a unique and memorable journey by giving you exactly what you require. Enjoy an unmatched adventure, exclusivity, and customization. 

Tailored Charter Itineraries and Destinations for your Luxury Yacht Charter

Luxury yacht charters offer the ultimate in itinerary customization. Private luxury yacht rentals are inherently flexible, unlike cruise ships that follow a fixed route. They can navigate to secluded beaches, hidden coves, and exclusive ports inaccessible to larger vessels. In addition, with over 7,000 islands in the Caribbean alone, the possibilities are endless.

Private yacht cruises are designed around flexibility so you can squeeze enjoyment out of every moment of your journey. Compare that with even an award-winning luxury cruise ship! 

Additionally, you can explore the Mediterranean’s vibrant culture, the Caribbean’s pristine waters, or Southeast Asia’s vibrant allure. Furthermore, you can experience Greece , the French Riviera , the Italian Riviera , Croatia , and Turkey on a perfect charter yacht vacation.

The itinerary can be adjusted on a whim. This could be , whether to extend a stay in a beloved destination or explore a newly discovered cove. Nearly anything is possible. And it is at your fingertips.

Enjoy flexibility that is impossible to find in any other type of vacation with yacht charter vacations

World-Class Amenities Onboard a Luxury Yacht

Firstly, luxury yachts available for charter are floating five-star hotels with state-of-the-art amenities. They cater to every conceivable need as a part of the luxury experience. This is what sets private yacht cruises aside from traditional boat rentals. 

Secondly, these vessels typically range from 24 meters (80 feet) to over 100 meters (330 feet) in length. Because of their immense size, they can accommodate anywhere from 6 to 36 guests in lavish staterooms.  

Understanding the number of guests each yacht can accommodate is crucial. It allows us to tailor the experience to your needs. Whether it’s an intimate gathering of 6 or a grand party of 36, the experience is tailored. We work tirelessly to ensure every guest experience is made from unparalleled luxury and comfort. 

Lastly, onboard amenities often include professionally equipped gyms, cinemas, Jacuzzis, and infinity pools. A luxury yacht cruise is about options , not about limitations. 

For instance, the 162.5-meter (533 ft) Eclipse yacht boasts 24 guest cabins, two swimming pools, several hot tubs, and a disco hall. It also includes a mini-submarine capable of submerging to 50 meters (164 ft) and various water toys. 

From the moment you step on board, we want you to feel like you’re living the vacation of your dreams. Every trip with us is an opportunity to redefine luxury. Moreover, several guests can unwind, relax, and create lasting memories at one of our Luxury Yacht Charter Destinations . 

Exquisite Dining Experiences onboard a Luxury Yacht Charter

Dining on a luxury yacht charter is a bespoke experience, with menus crafted to guests’ dietary preferences and desires. Every meal is a work of art to be fully enjoyed and savored.

Additionally, professional chefs onboard utilize the freshest local ingredients to prepare gourmet meals. Enjoy dining that rivals the world’s finest restaurants aboard your yacht.

Whether a seven-course degustation menu or a simple yet exquisite beach barbecue, no issue. The culinary experience is tailored to the guests’ tastes. All food experiences can be aligned with personal, dietary, or taste preferences.

The yacht can stock specific vintage wines, champagnes, and other preferred beverages, ensuring every meal is an event. These are all part of the Advance Provisioning built into your luxury yacht cruise. 

Personalized Service and Crew

The crew-to-guest ratio on a luxury yacht charter is exceptionally high. This ensures personalized and attentive service around the clock. For example, a 70-meter (230 ft) yacht may employ up to 20 crew members, including a captain, chefs, stewards, and deckhands. 

The crew is trained to anticipate guests’ needs and preferences. They will offer everything from bespoke cocktail creations to organizing onshore excursions. Your yachting experience is entirely customizable and personalized per your distinct needs. 

The level of service is discreet yet attentive, providing a sense of effortless luxury throughout the journey. Enjoy your vacation; we’ll do the rest

Exclusive Access and Experiences on a Luxury Yacht Charter

Private yacht charters offer exclusive access to the world’s most secluded and pristine yachting destinations. This is how the jet set accesses the World. Moreover, guests can enjoy luxury experiences on their own. Private Beach picnics on uninhabited islands.

Dives in untouched coral reefs. Access to exclusive events and venues. Live music experiences not found elsewhere. All are possible. 

The yacht can arrange private guided tours and , private boat charter connections. They can even arrange helicopter transfers to remote locations and encounters with marine wildlife. This provides experiences beyond the average traveler’s reach.

Customization and Flexibility of your Luxury Yacht Charter

Every luxury yacht charter vacation can be customized to the guests’ preferences. This includes everything from the selection of linens and flowers onboard to the daily schedule and entertainment options. 

Feel free to arrange a fireworks display for a special occasion. Or arrange a private concert on a secluded beach. Or arrange a connection to a special off-yacht destination. Your travel experience supersedes all else. 

The charter company and crew go above and beyond to fulfill guests’ wishes, making each charter a unique experience. Whatever you can dream up, we will work with you to make it a reality. 

A Luxury Yacht Charter and Renting a Boat for the Holidays offers unmatched personalization, exclusivity, and luxury. With the ability to tailor every aspect of the journey, your journey becomes truly your own. Everything from the destinations visited to the food and wine served can be aligned to your expectations. This way, guests enjoy a wholly unique travel experience, set against some of the world’s breathtaking backdrops. 

Furthermore, you can explore the endless possibilities and create unforgettable memories today with a luxury yacht charter. Leave the details to us while you focus on rejuvenating your mind, body, and soul. 

This is an opportunity for the holiday of a lifetime for both you and your fellow travelers. Our commitment is to ensure that your vacation experience leaves you feeling refreshed and revitalized when you return home. 

Contact the Yacht Charter Brokers at The CKIM Group today to help us plan the luxury charter vacation you deserve. Charter a Yacht Today . 1-321-607-3316  

Destinations for Yacht Charter Vacations

CKIM warmly invites you to discover our exclusive worldwide Luxury Yacht Charter destinations . We’re eager to connect and assist you in bringing your dream yacht charter experience to life. 

Our yacht vacations are bound for popular and alluring destinations, including: 

The Bahamas

With more than 600 islands and cays to enjoy.

The Caribbean

The British and US Virgin Islands, St. Barts, and more.

Mediterranean

Beauty and history are at every corner, beach, and view.

United States & Canada

New England is in the east, Florida is in the south, California is in the west, and Alaska and the Pacific Northwest are in the north.

SE Asia & Thailand

The majestic culture and beauty of SE Asia. Mystical.

South Pacific

French Polynesia, including Bora Bora, Fiji, and the Cook Islands, are rich in scenery and culture.

Additional Yacht Hot Spots

North America

Kennebunkport | Seaside Sophistication

Capri, a fine italian jewel, mallorca yacht charter: float in the mediterranean, ibiza yacht charter nightlife fun, menorca yacht charter, formentera yacht charter, amalfi coast yacht charters | embrace the italian coast, asia yacht charters: explore a world of culture and beauty, sicily yacht charters.

Central America

Embark on Adventure: Central America Yacht Charter

Featured sailing yachts.

Discover the freedom of the open seas with our diverse fleet of luxury vessels. From the sleek and powerful Motor Yachts and Power Catamarans to the elegant and timeless Sailboats and Motor Sailors , options abound. 

We offer countless customizations to suit your nautical needs in renting luxury yachts . Experience the thrill of the wind in your sails with our Sailing Catamarans , designed for both speed and comfort. Each yacht is a testament to fine craftsmanship and luxury, ready to take you on an unforgettable journey. 

Max of 7 selections

12 4 58.00 m

PERSEFONI I

12 5 176.00 Ft

12 4 50.00 m

CRAZY HORSE

10 3 24.00 m

Just Marie 2

6 2 78.00 Ft

8 3 70.00 Ft

ABOVE & BEYOND

8 4 80.00 Ft

SERENISSIMA III

10 5 80.00 Ft

Benefits of Luxury Yacht Charters

With more than 30 years of experience in the industry, we are celebrated for our yachting acumen. We bring a wealth of knowledge and expertise to ensure the vision for your yacht charter vacation is realized.

Above all, our clients are our top priority. We dedicate ourselves to tailoring each charter to your unique desires and needs. This, alongside our renowned customer service, ensures a memorable and exclusive yacht experience on the seas. 

Our Door-to-door service option simplifies your experience. It provides seamless transitions from your home to the deck of your luxury yacht. You can enjoy an effortless adventure from minute one.

Transparency is at the core of our operations. We ensure you have clear, upfront information about aspects of your luxury yacht vacation. This includes everything from costs to itinerary details. 

We will take care of the details while you make the memories. 

New to Yachting?

If you’re new to yachting, our First Time Yacht Charter Guide is the perfect resource to help you navigate the world of luxury yacht charters.

First Time Yacht Guide

Whether you’re a seasoned charterer or new to luxury yacht charters, our comprehensive First Time Yacht Charter Guide is designed to assist you every step of the way.

Filled with frequently asked questions, a detailed boat comparison guide, real-life experiences, and visually engaging infographics, this resource is the perfect tool to educate yourself on the world of yacht chartering.

Frequently Asked Questions

How far in advance should i book my yacht charter vacation.

Depending on the time of the year you wish to vacation it is important to book at least six to nine months in advance.

What types of boats are available for a yacht charter?

The types of yachts available for charter are:

• Motor Yachts
• Power Catamarans
• Sailing Catamarans
• Sailboats (mono-hulls)
• Motor sailors (also known as Gulets, which are popular in Croatia, Greece, and Turkey)

Are children allowed on yacht charters?

Many yacht charters are family-friendly and offer amenities and activities suitable for children of all ages, but it’s always best to check with the charter company beforehand.

Are there high and low seasons for a yacht charter?

Yes, there are, depending on the time of the year and the yacht charter destination.

Can I afford a yachting vacation?

One of the first FAQs about luxury yacht charters is their affordability. Yes, you can afford a yachting vacation. Prices for private yacht chartering vary remarkably based on factors such as:

• The type of charter yacht
• The size of the charter yacht
• The number of guests in your group
• The location of the yacht charter destination
• The rates may also differ from the low-season and high-peak seasons

Do I need Travel Protection?

We recommend that you protect your vacation investment against various possible losses over which you have no control by purchasing travel protection. We will provide travel protection quotes based on the households on the charter and each person’s date of birth. It is necessary to send us this information.

Please Note: To be eligible for the waiver of pre-existing medical condition exclusion, the protection plan must be purchased within 15 days (Travel Basic) or 21 days (Travel Select) from when you make your initial trip deposit. However, the plan can be purchased anytime before departure.

The product descriptions are only summaries and may be changed without notice. The full coverage terms and details, including limitations and exclusions, are contained in the insurance policy.

What Unique Experiences Can a Yacht Charter Offer?

From scuba diving in the Virgin Islands to wine tasting along the Amalfi Coast, luxury yacht charters offer a blend of opulence, adventure, and seclusion for an exceptional honeymoon experience.

What activities would be available on my Yacht Charter?

Based on your yacht and destination, there is a myriad of activities and water sports available to do, such as:

• Scuba diving
• Water-skiing
• Wakeboarding
• Windsurfing
• Stand-up paddleboarding

You will also have many opportunities to visit ashore and participate in the on-shore side activities.

What is a private yacht charter?

A private yacht charter combines the best features of a cruise ship and a luxury resort. Travel to a different destination each day with a high degree of pampering and personal attention. Say goodbye to crowds, waiting in lines, and fixed itineraries. Your private yacht has a dedicated crew, various amenities, water toys to enjoy at will, and a tender to take you ashore whenever you please.

Are pets allowed on board?

It depends on the yacht and owner’s policies. Some yachts may allow pets, while others may not. If you wish to bring a pet, kindly inform us, and we’ll check with the yacht owner to see if it’s possible.

Let us deliver on your dream vacation.

Contact us to start a conversation about your dream vacation, and let us show you how we can help bring your vision to life through our exceptional yacht charter services.

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Since 1949, Northrop & Johnson has remained the authority on yachting and is recognized as the leading global yacht brokerage offering 360-degree yachting services in the purchase, sale, management, construction and charter of superyachts and luxury boats over 98′ (30m). We are devoted to delivering extraordinary services and world-class experiences for our clients.

Discover luxury yachts for sale at Northrop & Johnson. From power boats to sailing yachts, explore our exclusive listings and find your perfect vessel with expert guidance from our brokers.

Your wanderlust knows no bounds as you cruise across the globe to your dream destination at the hands of an experienced crew dedicated to fulfilling your every need.

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Experience the pinnacle of yachting with Northrop & Johnson, where our experts are committed to orchestrating your ultimate yacht charter adventure.

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Honesty, integrity and extraordinary results.

From yacht sales, yacht purchase and new construction to yacht charter, charter management and crew placement, Northrop & Johnson is a full-service luxury yacht brokerage. Our expert team of sales brokers, charter brokers, charter managers, crew placement and staff are dedicated to fulfilling all of your yachting desires and demands. Northrop & Johnson has brokerage offices strategically placed in yachting hubs around the world, ensuring access wherever you cruise.

Northrop & Johnson prides itself on creating extraordinary yachting experiences by surpassing all expectations at every opportunity.

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Northrop & johnson has 13 locations around the world.

From the bustling cities of the Americas to the historic waterways of Europe and the exotic ports of Asia, Northrop & Johnson stands as a truly global leader in superyacht marketing. Regardless of your location across the globe, you are guaranteed access to our unparalleled expertise and services. With strategic positions in key destinations worldwide, we are equipped and ready to assist you at any moment, in any place.

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Northrop & Johnson partners with leading yacht builders, designers, and suppliers globally. Our expert brokers facilitate seamless custom yacht construction, guiding owners through every step, from selecting the right shipyard to legal details. With established relationships in the industry, we promise a flawless process from start to finish.

From negotiating prices and contracts to coordinating surveys and sea trials, to providing support with ownership structures and legal matters, Northrop & Johnson’s brokers are skilled in all facets of yacht buying. You can expect a smooth purchase experience from start to finish, leaving you to enjoy the pleasures of stress-free yacht ownership.

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At Northrop & Johnson, we partner with the world’s leading yacht builders, manufacturers and refit facilities to offer top-of-the-line brokerage yachts for sale. Explore our index to view boats by builder.

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15 Best Luxury Yacht Builders and Shipyards in the World

Published on july 21, 2024 at 5:37 pm by dragana randjelovic in news.

In this article we will list 15 best luxury yacht builders and shipyards in the world . You may be interested in searching for 15 Best Boat/Yacht Insurance Companies Heading into 2024 , too.

Luxury Yacht Builders Rebound Post-Pandemic

According to a study from the Italian Marine Industry Association and Deloitte , the global new build yachting market has reached €33 billion ($35.9 billion) during the industry boom in 2022. This marks an 11% increase from the year before, and a CAGR of 10% since 2014. Increasing prices, along with increasing demand from customers, has been responsible for this positive growth. According to the study, Europe and North America are the biggest consumer groups, taking up 70% of the total market share. Italy remains at the top in yacht building, generating €4.4 billion in yacht production value for 2022.

Despite the positive growth, superyacht sales have taken a dive in 2023, the new SuperYacht Times’ State of Yachting report indicates. Long wait times, rising costs, and the exclusion of Russian oligarchs from the superyacht market have all led to this decline. There were 203 superyacht sales in 2023, down from 245 in 2022, and from a record 313 in 2021. A buyer placing an order for a new yacht over 200 feet today has to wait three to four years owing to backlogs from the pandemic. Orders for yachts between 200 t0 600 feet have experienced the most decline, by 40%, largely since the rich buyers from Russia are dropping out of the market. Despite the drop in new sales, yacht completions have been up. According to SuperYacht Times, there are now nearly 6,000 super yachts, triple the number in 2022.

It wasn’t simple to make a list of the world’s best yacht builders and shipyards in the world, especially now when it seems that the superyacht business has regained its momentum. Following the pandemic’s upheaval, boat builders have resumed normal operations. There are now 173 small yacht manufacturers and large builders in 25 countries working on at least one yacht larger than 24m. Every year, around 400 boats larger than 24m are supplied to their owners by luxury yacht companies that specialize in yacht categories or product segments that distinguish them from other commercial shipyards. Experts believe that there are currently around 5,000 boats larger than 24 meters navigating the world’s oceans.

The Netherlands and Germany leads the yachting sector in terms of providing yachts larger than 50m with high volume and value. Some other yacht builders in the world include those in Turkey, Asia, North America, South Africa, Oceania, and Brazil. Turkish shipyards are now building motor and sailing yachts out of GRP and steel, North America has turned its focus on semi-custom motor yachts, Asia is known to be a hub for production series motor yachts made from GRP, while the top builder nation Italy excels in larger yachts and more customizable options.

When it comes to the US, United States Luxury Yacht Market  is  expected  to reach USD 4.45  billion  in 2024 and grow at a CAGR of 8.25% to reach USD 6.61  billion by 2029. On the list of yachth-related companies, Marine Max, Inc. (NYSE: HZO ) is a known name, with a $750 million market capitalization. The total enterprise value is $1.76 billion. The corporation is headquartered in Florida and employs an estimated 2,666 people. In the United States, the company has a significant market share in at least one area as a boat dealership and repair company, where they account for an estimated 6.4% of total industry sales. They are classified as an All-Star and one of the best luxury yacht brands because they have a higher market share, profit, and revenue growth than their competitors.

Pe3k / Shutterstock.com

Methodology

To compile a list of the premier luxury yacht builders and shipyards globally, we undertook a comprehensive comparison of leading companies with those recognized for producing the most esteemed and high-value yachts. Our methodology involved cross-referencing top-rated yacht lists with data on their builders. By aggregating the frequency of mentions across lists such as IYC Yacht, YachtWorld, Elite Traveler, amongst others; we established a preliminary ranking. Subsequently, we assessed these companies based on the prominence of their yachts on industry-leading rankings and their annual revenue. This analysis revealed that the top-ranked companies distinguished themselves not only through frequent appearances on prestigious lists but also through exceptional performance across various metrics.

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This is how our list of the best luxury yacht builders and shipyards in the world looks like.

15. Princess Yachts

Insider Monkey Score: 2

Princess Yachts was founded in 1965 in a modest industrial unit on Newport Street in Plymouth. Since then, Princess has become one of the top luxury yacht builders and shipyards in the world. South African businessman Graham J. Beck bought the company in 1981. In 2001, Marine Projects changed their name to Princess Yachts International PLC. Princess Yachts operates in 119 countries and employs over 3,200 people worldwide, with shipyards totaling over 1.1 million square feet.

14. Perini Navi

Perini Navi specializes in superior craftsmanship of some of the world’s largest super sailing yacht builders. Their constant growth in the design, engineering, and construction of aluminum superyachts has propelled them to the industry leader in the large, custom super sailing yacht sector. Fabio Perini started Perini Navi in 1983 in Viareggio, Italy. Unable to find a huge sailing yacht that he could run alone, Fabio founded a firm to build and engineer his own vessel, launching a prototype sailing yacht with plenty of living space that could be sailed with a smaller crew. In 2021 Perini Navi became a part of The Italian Sea Group which increased the portfolio in 2023 to six companies.

13. Delta Marine

In 1967, brothers Jack and Ivor Jones launched Delta Marine on Seattle’s Duwamish River. The shipyard initially focused on producing fishing boats that could withstand the frequently harsh waters of the Pacific Northwest and became one of the best small yacht brands. Delta Marine’s success in the fishing industry inspired the shipyard to create luxury expedition ships capable of transporting their customers north to Alaska, west to the Pacific islands, and around the globe. Delta Marine shifted their focus to custom superyachts in the 1990s.

12. Fincantieri Yachts

Fincantieri Yachts, an Italian shipyard and now one of the best luxury yacht builders and shipyards in the world, has been around since 1780. The first shipbuilding enterprise was founded in Castellammare di Stabia, and it served as the foundation for the world-renowned corporation. By the mid-twentieth century, the business had become part of the state-owned IRI and was in charge of the country’s primary shipbuilders; Fincantieri Yachts was established as a separate branch in 1984. The shipyard has established itself as a multifaceted entity. Fincantieri’s facilities are now building military ships, including submarines, passenger and industrial vessels, as well as a new market area, megayacht construction, which began in 2005.

11. Royal Huisman

Royal Huisman is a Dutch shipbuilding company that specializes in the new build, refit, rebuild, and renewal of sailing and motor yachts. The shipyard in Ronduite was founded in 1884 to produce wooden workboats and fishing boats. Jan Huisman began building steel sailing boats in 1954, and his son Wolter converted to aluminum hulls in 1964 with the 30 ft Van de Stadt Avenir series. In celebration of the shipyard’s 100th anniversary in 1984, Queen Beatrix of the Netherlands bestowed the title “Royal” to Huisman, renaming the company Royal Huisman.

10. Sanlorenzo

Insider Monkey Score: 3

Sanlorenzo Shipyard has been producing high-quality motorboats since 1958. It is a yachting boutique enterprise that produces only a small number of custom yachts each year. Each boat is custom-designed and built to meet the owner’s exact needs, style, and preferences. The shipyard’s headquarters are located on the banks of the Magra River, within the Montemarcello-Magra Natural Reserve, near Ameglia, province of La Spezia, Liguria, Italy. Since its founding, the firm has manufactured just roughly 1000 ships, each one special and unique. Since 2005, the organization has adopted a fresh approach to personalization and innovation. As a result, the shipyard has expanded significantly. Over the last eight years, the company has gradually established itself in Boat International’s annual Global Order Book rating.

9. Blohm & Voss

The German shipyard Blohm+Voss was named after its founders, Hermann Blohm and Ernst Voss, who chose to join forces in 1877 to construct steel steamers. Hermann Blohm and Ernst Voss, the founders of the Blohm & Voss-Werft, rose to prominence far beyond Hamburg. Unfortunately, after several dismal seasons in the 2000s, the company discontinued creating new yachts. As part of Lürssen, the shipyard will no longer manufacture boats, but will continue and even increase its yacht refit, commercial, and military building activities. The firm is on this list because their boats are consistently on the list of the best boats, and three of their boats are among the best ever built.

Insider Monkey Score: 4

Heesen Yachts is one of the best luxury yacht builders and shipyards in the world, being a Dutch shipbuilding firm that specializes in custom-built superyachts. Founded in 1978, it has launched over 200 yachts, several of which have received prizes. It is recognized as a global leader in the design, construction, and engineering of all-aluminum boats. After a string of popular and pricey boats, 1988 proved to be the yard’s breakthrough year. American entrepreneur John Staluppi had commissioned the yard to build a superyacht capable of speeds exceeding 50 knots. Heesen expanded in 2003, the same year it introduced its 3700 and 4400 yacht series, which were among the first examples of superyacht building on a shared hull and engineering platform.

7. Abeking & Rasmussen

Abeking and Rasmussen is a luxury yacht constructor that specializes in big custom motor yachts constructed from steel. The company has previously built sailing boats, maritime vessels, and swath vessels. Georg Abeking and Henry Rasmussen formed the company in 1907. The business began producing navy warships such as torpedo boats, minesweepers, and submarine destroyers. Later, the firm began constructing speedboats and sailing yachts. The yard has a reputation for pioneering new technologies, having manufactured some of the world’s most technically advanced yachts. Many of the projects they have created are notable for overcoming technical engineering obstacles, such as Germania VI in 1963, the first sailing yacht with a welded aluminium hull, and the 1972 motor yacht Kalamoun, the world’s fastest at the time, hitting 46 knots. The Krupp Foundation still owns their latest yacht, Germania VI.

6. Ferretti

Norberto and Alessandro Ferretti, brothers from Bologna, Italy, expanded their family’s successful luxury auto business, which marketed Maserati and Lamborghini, by opening a yacht dealership in 1968. The Ferretti brothers initially marketed other boat builders, but during the Genoa Boat Show in 1971, they debuted their first yacht design, a 10-meter wooden motorsailer. Ferretti boats, the first member of the Ferretti Group of international luxury yacht brands, manufactures semi-custom composite boats in Forli, Italy, ranging in size from 16 to 29 meters. The Ferretti Yachts 960 type, introduced in 2013, is the largest planing luxury yacht ever built by any of the Ferretti Group shipyards. Ferretti Group is listed on the Hong Kong Stock Exchange since 2022 and debuted on Euronext Milan, the Milan-based stock exchange owned by Borsa Italiana. In 2023, the company became the first and only company in the world to achieve dual listing in Asia and Europe which qualified the company for the list of the best luxury yacht builders and shipyards in the world.

Heesen Oceanco Feadship Lürssen Ferretti Nobiskrug Sanlorenzo Perini Navi Delta Marine Royal Huisman Azimut/Benetti Marine Max Inc. Princess Yachts Blohm & Voss Fincantieri Yachts Abeking & Rasmussen Jim Cramer is Recommending These 10 Stocks in June Analyst Sees a New $25 Billion "Opportunity" for NVIDIA 15 Best Luxury Yacht Builders and Shipyards in the World 15 Best Boat/Yacht Insurance Companies Heading into 2024 Show more... Show less

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on june 30, 2024 at by inan dogan, phd.

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

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A New Dawn is Coming to U.S. Stocks

Published on may 2, 2024 at by insider monkey staff.

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

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He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

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The best luxury yacht builder and shipyard in the world.

This article will reveal the best luxury yacht builder and shipyard in the world. Check out our full list of 15 best luxury yacht builders and shipyards in the world .

Luxury Yacht Builders Rebound Post-Pandemic

According to a study from the Italian Marine Industry Association and Deloitte , the global new build yachting market has reached €33 billion ($35.9 billion) during the industry boom in 2022. This marks an 11% increase from the year before, and a CAGR of 10% since 2014. Increasing prices, along with increasing demand from customers, has been responsible for this positive growth. According to the study, Europe and North America are the biggest consumer groups, taking up 70% of the total market share. Italy remains at the top in yacht building, generating €4.4 billion in yacht production value for 2022.

Despite the positive growth, superyacht sales have taken a dive in 2023, the new SuperYacht Times’ State of Yachting report indicates. Long wait times, rising costs, and the exclusion of Russian oligarchs from the superyacht market have all led to this decline. There were 203 superyacht sales in 2023, down from 245 in 2022, and from a record 313 in 2021. A buyer placing an order for a new yacht over 200 feet today has to wait three to four years owing to backlogs from the pandemic. Orders for yachts between 200 t0 600 feet have experienced the most decline, by 40%, largely since the rich buyers from Russia are dropping out of the market. Despite the drop in new sales, yacht completions have been up. According to SuperYacht Times, there are now nearly 6,000 super yachts, triple the number in 2022.

It wasn't simple to make a list of the world's best yacht builders and shipyards in the world, especially now when it seems that the superyacht business has regained its momentum. Following the pandemic's upheaval, boat builders have resumed normal operations. There are now 173 small yacht manufacturers and large builders in 25 countries working on at least one yacht larger than 24m. Every year, around 400 boats larger than 24m are supplied to their owners by luxury yacht companies that specialize in yacht categories or product segments that distinguish them from other commercial shipyards. Experts believe that there are currently around 5,000 boats larger than 24 meters navigating the world's oceans.

The Netherlands and Germany leads the yachting sector in terms of providing yachts larger than 50m with high volume and value. Some other yacht builders in the world include those in Turkey, Asia, North America, South Africa, Oceania, and Brazil. Turkish shipyards are now building motor and sailing yachts out of GRP and steel, North America has turned its focus on semi-custom motor yachts, Asia is known to be a hub for production series motor yachts made from GRP, while the top builder nation Italy excels in larger yachts and more customizable options.

When it comes to the US, United States Luxury Yacht Market  is  expected  to reach USD 4.45  billion  in 2024 and grow at a CAGR of 8.25% to reach USD 6.61  billion by 2029. On the list of yachth-related companies, Marine Max, Inc. (NYSE: HZO ) is a known name, with a $750 million market capitalization. The total enterprise value is $1.76 billion. The corporation is headquartered in Florida and employs an estimated 2,666 people. In the United States, the company has a significant market share in at least one area as a boat dealership and repair company, where they account for an estimated 6.4% of total industry sales. They are classified as an All-Star and one of the best luxury yacht brands because they have a higher market share, profit, and revenue growth than their competitors.

A boat is in the middle of a body of water

Methodology

To compile a list of the premier luxury yacht builders and shipyards globally, we undertook a comprehensive comparison of leading companies with those recognized for producing the most esteemed and high-value yachts. Our methodology involved cross-referencing top-rated yacht lists with data on their builders. By aggregating the frequency of mentions across lists such as IYC Yacht, YachtWorld, Elite Traveler, amongst others; we established a preliminary ranking. Subsequently, we assessed these companies based on the prominence of their yachts on industry-leading rankings and their annual revenue. This analysis revealed that the top-ranked companies distinguished themselves not only through frequent appearances on prestigious lists but also through exceptional performance across various metrics.

Insider Monkey Score: 6

There is no ranking of the top yacht companies or boats that does not include Lürssen as one of the best in its area. Lürssen, a German shipyard with headquarters in Bremen-Vegesack and shipbuilding facilities in Lemwerder, Berne and Bremen-Fähr-Lobbendorf, has been a leader in marine innovation since 1875. Lürssen, which built the world's first speedboat and some of history's most renowned superyachts, including Azzam, Limitless, and Dilbar, is currently run by fourth-generation family members who are carrying on their great-grandparents' legacy. Lürssen was created by Friedrich Lürßen, a 24-year-old German boatbuilder who learned about the industry from his father Lüder Lürßen, who also owned a boatbuilding workshop. The company's long-standing connection to shipbuilding and German maritime excellence has helped it land first place on the list of the best luxury yacht builders and shipyards in the world .

Check out our full list of 15 best luxury yacht builders and shipyards in the world .

At Insider Monkey, we delve into a variety of topics, ranging from the most hated brands to business aspects; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion "Opportunity" for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June .

Disclosure: None. This article is originally published on Insider Monkey.

Seacret Luxury Catamaran Yacht Group Island Hopping Tour

TICKET PRICES STARTING FROM

Taxes and fees will be calculated at checkout

Hop on board, meet new friends, and discover marine treasures under the crystal-clear blue waters and the secret lagoons behind those towering limestone cliffs - aboard the Seacret, our 50ft sailing catamaran. This tour is operated by El Nido Yachting Club. *Minimum of six (6) guests for the tour to push through. Meeting place: El Nido Yachting Club's El Nido Town Office  Tour Schedules: 8:00AM-11:00AM or 1:00PM-4:00PM (M-W-F-Sun) Big Lagoon Shimizu Island Star Beach (Private Beach) Hidden Beach Seven Commandos (T-Th-Sat) Cadlao Lagoon Helicopter Island Star Beach (Private Beach) Small Lagoon Papaya Beach *Guests can visit at least three (3) islands as part of the restrictions set by the Department of Tourism. Though, our exclusive island - Star Beach is usually part of the itinerary already.

Ticket Options

1 Option Available

Seacret Catamaran Yacht Group: $150

Ticket Information

• Mobile or paper ticket accepted
• One per booking

What's Included

• Access to El Nido Yachting Club's Private Beach
• Van transfers from our El Nido Town Office to the docking area
• Personalized tour guide
• Towels and life jackets
• Snacks and Refreshments

What's not Included

• Alcoholic Beverages
• Kayak Rental (optional)
• Environmental fee (ETDF) - We will collect it separately.

Cancellation Policy

• For a full refund, cancel at least 24 hours before the scheduled departure time.

Additional Info

• Public transportation options are available nearby
• Infants are required to sit on an adult’s lap
• Not recommended for travelers with spinal injuries
• Not recommended for pregnant travelers
• Not recommended for travelers with poor cardiovascular health
• Suitable for all physical fitness levels

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Step aboard a luxury yacht for dinner and a cruise around boston harbor.

The Sogno at Sea experience brings the Italian Riviera to you this summer.

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If jet setting to the Italian Riviera isn’t in the cards this year, something new is making waves closer to home. Step aboard Martinetti Hospitality Group ’s 60-foot Italian-made yacht. The Sogno at Sea experience promises luxury, exceptional service, and mouthwatering food — akin to Sogno , their restaurant on land in Woburn.

Meaning "dream" in Italian, Sogno at Sea’s passengers lounge on one of the yacht’s three decks, cruising Boston Harbor with a cocktail in hand.

Co-owner John Paul Martignetti said the experience is completely customizable. From drinks to dessert, the Sogno executive chef oversees the entire meal.

With temps on the rise, this is one way to beat the heat this summer.

Hush-Hush Luxuries: 9 Coveted Luxury Brands of the Super-Rich

B eyond the usual household names like Gucci, Louis Vuitton and Cartier lies a world of discreet ultra-luxury reserved for those at the very pinnacle of wealth and taste .

Discover: 6 Ways To Build Wealth in Less Than Five Years

See: Owe Money to the IRS? Most People Don’t Realize You Can Do This – Today

This is the rarefied realm where six-figure price tags are merely the barrier to entry. Their clientele spans oligarchs and royalty, titans of industry and chief executives paid in eight to nine figures annually. Shopping here is strictly by appointment or referral, with little, if any, public presence. 

For the select few granted access, the rewards are matchless: access to the absolute best in materials, craftsmanship and design, elevated to the level of art. Join us as we unveil some of the most coveted and exclusive luxury brands that even most of the super-rich have never heard of, but which represent the ne plus ultra for those who can afford it.

Here are 9 luxury brands flying under the radar of the super-rich.

Sponsored: Owe the IRS $10K or more? Schedule a FREE consultation to see if you qualify for tax relief.

The ultra rich know all about Sunseeker — the luxury brand known for being a global leader in yachts. The website doesn’t list prices, and you’re encouraged to find your local yacht dealer for additional information. One could only imagine how much a typical luxury yacht would go for. If you’re ever interested in browsing the various options, you can check out YachtWorld , where you can pick out your sports yacht for a few million dollars.

If you’re wondering if you’ve ever seen this luxury brand, chances are that you may have caught a glimpse of a Sunseeker luxury yacht in a James Bond film. Sunseeker yachts are in as many Bond films, like Aston Martin cars, so you may have spotted one in the past without realizing what you were looking at.

Brunello Cucinelli

You may have seen pictures of celebrities dressed in this luxury fashion brand, but chances are that you weren’t aware of the brand name. The Brunello Cucinelli brand is called after the Italian fashion designer who started the company in 1978 and has since gone on to dress celebrities and Silicon Valley giants. Despite dressing many famous celebrities, the luxury brand doesn’t rely on celebrity endorsements in advertisements, as it prefers to be more subtle. 

You may not have noticed from the casual appearance, but many tech moguls have appeared in interviews in luxury clothing from the Cucinelli line. On top of the $5,000 blazers, the rich have purchased high-end casual clothing pieces, like $2,500 sweatpants or $800 sneakers. You may be surprised by how many notable celebrities have been spotted in this luxury brand.

Best Bank Account at Citizens Bank: A Savings Account With No Monthly Fee or Minimum Deposit

Despite being around since 1766, chances are you haven’t heard about this luxury brand, since it’s a huge auction house for those looking to buy and sell expensive art pieces. The price points at Christie’s auctions range from $500 to over $100 million, with work available from 80 art and luxury categories.

Christie’s also has a network of specialists who can assist clients with various services ranging from art appraisal to art financing. The company also offers art education for those new to the space. Even though their wares are mainly on the radar of the ultra-wealthy, there may be an auction house near you — Christie’s has a flagship location in New York City and a presence in 46 countries globally.

If you’ve ever looked into experiencing luxury travel (and are super rich), you’ve likely heard of Virtuoso. Everyone else likely hasn’t heard about this global network of luxury travel advisors. The Virtuoso platform offers luxury experiences, ranging from private yacht adventures to trips based around sporting events. The platform, with over 20,000 luxury travel advisors, has seen tourists spending up to $50,000 per trip.

With many rich folks adding wellness into their travel routine, the demand for unique private experiences has increased. If you’re looking for inspiration, you can create a “Wanderlist” on the Virtuoso website.

While everyone has likely heard of a Rolex watch, another luxury watch brand that isn’t a household name is Omega. The luxury Swiss watch brand has been around since 1848, and the company hired Zoë Kravitz and Zhou Dongyu as brand ambassadors this year to promote the Aqua Terra Shades campaign.

The Omega brand recently partnered with the more affordable watch company Swatch to bring the collaborative effort into the market with a surprising disruption. The MoonSwatch Collection was a viral sensation and the limited edition project was challenging to find in stores.

Farfetch was launched by José Neves in 2008 as an online marketplace for luxury boutiques worldwide — and it’s beloved by the mega rich. The official website touts that the company is the top global online luxury fashion platform. With over 1,400 luxury retailers and 3.9 million active consumers, the platform is growing globally, so you may start hearing about them more often.

The Farfetch platform is known for connecting creators, curators and consumers of luxury brands. You’ll likely discover new luxury brands on the platform, since Farfetch sells various products from men’s, kids’, beauty and women’s styles.

This luxury fashion retailer was founded in Germany in 2006, and the company has expanded to offer luxury children’s wear and home goods. The luxury platform has a simple user interface with a white background and basic black text. With almost two million followers on Instagram, this luxury brand has long been beloved by the ultra-wealthy and is starting to gain traction worldwide.

Mytheresa executives recently announced that it expected to increase net sales by anywhere from 8% to 13% in the fiscal year ending June 30, 2024. Most of the top spenders with this luxury brand are high-powered business leaders with limited time and don’t want to look for the perfect outfit.

Exclusive Resorts

For the jet-setting elite who crave privacy and luxury above all else, there exists a secretive high-end travel club that provides access to the world’s most exclusive destinations. Known only to those who travel at the highest stratospheres of wealth, Exclusive Resorts offers a level of luxury, convenience, and exclusivity that puts even Four Seasons and Aman resorts to shame. 

This members-only utopia comes at an appropriately elite price — with membership initiation fees starting at a cool $100,000 and reaching up to $250,000. But for those who can afford it, what they get in return is the key to unlocking the world’s most coveted locales precisely when they want them. We’re talking finish-line villas in Monaco for the Grand Prix, ski-in cabins beside the Waltons’ own in Aspen for Christmas and penthouses overlooking the Champs Elysees during Paris Fashion Week.

With a $600 million portfolio of owned homes and villas globally, Exclusive Resorts can accommodate virtually any whim or wish of its select 3,000 members. Don’t expect to browse listings on their website — privacy and exclusivity are paramount. Membership is by invitation and referral only. But for those privileged few granted access to this gilded world of luxury travel, no dream is unattainable. One call to their personal travel advisors sets even the loftiest vacation desires in motion — after all, they have Jeff Bezos on speed dial. Exclusive Resorts makes the fantasy vacations of billionaires and titans of industry an everyday reality.

Frette Linens

For those who crave the ultimate indulgence between their Italian percale sheets, there is one iconic luxury name that promises unparalleled comfort and extravagance: Frette. This storied Italian linen company has been clothing the beds of royalty, dignitaries, and the wealthy elite since 1860. 

One touch of their exquisite bed sheets, with a 280-thread count woven from the world’s finest long-staple Egyptian cotton, and you’ll be hooked. But be prepared to pay for the privilege. Their sheet sets start at around $4,000, while their prized Belgian linen duvet covers can fetch up to $25,000. They offer over 20 choices of fabric, including the softest cottons and silkiest linens, in the industry’s highest thread counts. 

Laura Beck contributed to the reporting for this article.

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This article originally appeared on GOBankingRates.com : Hush-Hush Luxuries: 9 Coveted Luxury Brands of the Super-Rich

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How to Buy A Yacht

Which yacht is right for you?

Many factors contribute to the selection of a yacht. At the root of any sound yacht purchase decision is the core performance factors that are essential to consider long before you review interior decoration or layout.

• Motor or Sailing yacht
• High speed performance, Semi-planing hull shape or slow full-displacement?
• Size restrictions: Will you need access to a location with draft, beam, length or height restrictions? Does the dock behind your home have X feet available water or a fixed bridge limiting access to yacht with an air draft of less than Y feet?
• Guest carriage requirements: Number of guests cruising onboard and sleeping onboard?
• Maintenance issues: Are parts readily available in the intended cruising areas?
• Crew: Will the yacht accommodate a suitable number of crew to match your service expectations?
• Range: Where in the world do you wish to travel? If those ports are not serviced by a yacht transport service then the yacht will need to have an ocean passage making range and hull shape.
• Full-displacement vs. Semi-displacement?

The pros and cons of semi-displacement compared to full-displacement are:

How to buy a yacht?

There is a standard sequence to buying a yacht that is accepted by the global yachting community. Variations from these steps are possible but fairly rare.

Search and selection

Working with a yacht broker from Luxury Yacht Group your requirements are refined and suitable yachts reviewed and inspected. Inspection can be made at a regularly scheduled boat shows or by special appointment for a personal inspection subject to the yacht's availability.

Once a suitable yacht is found a formal offer is made by the buyer. This is presented by your broker on an industry standard contract to buy the yacht. This sales agreement outlines the timing for the sea trial, survey, acceptance and closing. When you make your offer it is normal to deposit 10% of the offer price into escrow with your attorney or broker. It is essential that your offer includes an accurate inventory of the vessel. At Luxury Yacht Group we always take a photographic inventory of the vessel and include that with the offer to buy.

Offer Accepted

The seller will accept, reject or counter your offer to buy. It is rare for the first offer to be accepted so it usually takes a week or two to receive an accepted offer.

Depending upon the size of the yacht the survey can take from one to 14 days to complete. During the survey all mechanical, electrical and electronics equipment is tested. The objective of the survey is to get an accurate understanding of the current vessel condition and precisely how much the yacht will cost to maintain in the next few years. As part of the survey it is strongly recommended that the vessel is hauled out of the water for inspection. The cost of the survey is paid for by the buyer.

At a convenient time before, during or after the survey the prospective buyer is able to take the yacht out to sea to establish the vessel's performance underway. This sea trial, usually limited in duration to 4 hours, is normally at the seller's expense. During the sea trial the engines are tested to verify cruising and maximum speed and it is a good opportunity for the buyer to verify the motion of the vessel and noise levels throughout the interior whilst underway.

Following successful survey and sea trial the buyer submits written acceptance of the vessel. From this point onwards the 10% deposit paid is at risk should the buyer not close the sale at the agreed upon closing date. It is very normal for deficiencies found during survey to be included in a conditional acceptance that gives the seller time to make repairs or allow a financial allowance for the buyer to make repairs after the closing. For example a deficiency is found in the air conditioning system that cannot be repaired prior to closing so a conditional acceptance is signed by both buyer and seller giving $20,000 off the previously agreed price in consideration of the non-functional air conditioning.

Just like real estate the act of a closing is a fairly straight forward exchange of signatures on important documents. The protocol of delivery and acceptance clearly lists the location and time of the ownership exchange. At closing the buyer should have new registration and insurance already lined up. The Luxury Yacht Group yacht management team will happily assist any new buyer in establishing the necessary official papers and insurance required.

Flags of convenience?

The large majority of yachts are flagged (registered) offshore. The most popular registries are the Cayman Islands, Marshall Islands and St. Vincent. These three registries offer relatively protected and inexpensive yacht registry services. Most offshore registries require that the new owner establish a corporation in their jurisdiction that owns the vessel. The beneficial owner is simply the majority shareholder in the corporation. In most cases, by flagging your vessel offshore, taxes can be avoided on the value of the hull. The savings can be significant when compared with the value of the sales tax (TVA or VAT) that would have to be paid.

Maintenance costs?

The costs of yacht ownership are significant and it is incredibly rare for a yacht owner to make money by chartering their yacht. Be very leery of any yacht broker telling you that you will make money buying and chartering a yacht. The Luxury Yacht Group management team has created the operating cost calculator that gives a general idea regarding operating costs. This can be found here: Operating Cost Calculator.

Crew costs?

The crew team at Luxury Yacht Group has developed a formula for salary ranges based upon the number of crew onboard. The table also gives the standard crew breakdown with regards job titles.

Our top 5 recommendations to new yacht buyers?

• Hire the best crew that you can find. Most problems that we see yacht owner's experience could be overcome by a good crew. Luxury Yacht Group's crew placement team has over 22,000 crew to choose from and has the best placement guarantee in the business. Please call +1 954 525 9959 or e-mail [email protected] for more information on our crew placement service.
• Take your time buying a yacht. Yachts that are for sale at 'great' or 'giveaway' prices are rarely a good buy. The cost of refitting a distressed vessel can far exceed the capital savings that you think are present on day one. Our brokerage staff can direct you to a good value vessel and away from a money pit.
• Charter prior to owning. Yachting is very expensive and owning a yacht is a truly unique vacation experience. Chartering a yacht is a great way to sample yacht ownership with a fixed cost and minimal time commitment. Luxury Yacht Group can charter you a very similar yacht to the one that you are looking at so that you can be familiar with the brand or style of the yacht that you are interested in buying.
• Understand the cost of ownership. The cost of yachting is fairly tough to justify in the real world however it is an amazing luxury experience that is only within reach of the truly successful. Please speak to a yacht management professional prior to purchasing a yacht so that you have a clear understanding of the operating costs associated with that yacht.
• Have a strong shore support team. Yachting is a luxury pastime with ups and downs. The Luxury Yacht Group yacht management team is available to support your operations to smooth over any issues that may arise. If you chose to operate the vessel from your existing offices please call us to help with the setup. We are happy to train your existing accounting or Payroll Company in some of the intricacies of yacht operations.

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Scenic Group Launches Summer Black Friday Sale

• July 21, 2024

Scenic Group launched its first Summer Black Friday Sale, featuring savings across all its brands, including Scenic Luxury Cruises & Tours and Emerald Cruises, according to a press release.

Running from July 22 through August 4, 2024, the limited-time promotion allows travelers to book river and yacht cruises sailing in 2024 or 2025 at reduced prices.

“We are excited to roll out our first-ever Summer Black Friday Sale, an unprecedented event designed to capture the excitement of the summer season,” said Ken Muskat, managing director of Scenic Group. “This sale represents a unique opportunity for travelers to experience our ultra-luxury cruises at an exceptional value. Our commitment to providing incomparable service and unforgettable experiences remains at the forefront of everything we do. With these exclusive offers, we invite both new and returning guests to embark on extraordinary journeys across some of the world’s most captivating destinations. There has never been a better time to explore the world with Scenic Group.”

According to the company, guests can save up to $2,000 per suite on Scenic Luxury Cruises & Tours voyages, and enjoy two-for-one fares and free air on select 2024-26 sailings to the Arctic, Caribbean and Mediterranean.

Travelers booking river cruises can get up to $1,750 in savings per suite on select departures, plus two-for-one fares and free air on select European and Southeast Asia itineraries.

Emerald Cruises guests booking a 2024 Europe and Southeast Asia river cruise can save up to $1,250 per suite, combinable with two-for-one fares and free air. For select 2025 sailings onboard the Emerald Azzurra and Emerald Sakara, travelers can enjoy up to $1,000 in bonus savings per suite, as well as two-for-one cruise fares and free air.

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