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PLAN A Yacht

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The PLAN A yacht is a 130ft / 39.6m luxury yacht built and launched by yacht builder Westport . Delivered to a proud yacht owner in 2007 and refit in 2016, this luxury yacht sleeps up to 10 guests in 5 staterooms and has accommodations for 7 crew. She has a beam of 26ft / 7.9m, a draft of 6ft / 1.8m, and she measures in at 298 gross tons. Her hull is fiberglass. Her max speed is 20 knots and cruising speed is 14 knots. She is propelled by MTU engines at 4,079 hp each.

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When it comes to purchasing a luxury yacht, like the yachts themselves, pricing may vary greatly. In the event there is no PLAN A yacht price , the industry knowledge of Merle Wood & Associates will help you with everything you need to know in order to make the right decisions when buying a luxury yacht. If you’d like to know the availability of the PLAN A yacht for charter and the weekly rate, view the PLAN A yacht charter price and summary .

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For a complete list of amenities available or for a first-hand review of the PLAN A yacht, simply request assistance from our qualified luxury yacht brokers. Our team of yacht specialists travel the world visiting and experiencing yachts for sale and not for sale. Because of this, they have expert knowledge about every yacht, and can provide further details about the features, amenities and condition of the most notable yachts on the water.

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For more information or to enquire about the PLAN A luxury yacht, simply contact a qualified yacht broker at Merle Wood & Associates for assistance.

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The Ultimate Guide to Yacht Charter Management Programs for Owners

• by yachtman
• September 23, 2023 August 26, 2023

Yacht charter management programs are essential for owners who want to make the most of their luxury vessels. These programs offer owners the chance to earn income by renting the yachts when they’re not in use. Plus, they ensure the boats are well managed and taken care of. If you’re a seasoned yacht owner or considering entering the industry, understanding yacht charter management is key for success. Here’s an ultimate guide on all you need to know.

When it comes to yacht charter management, there are some key components to know.

• There’s the marketing and promotion part. Getting the right marketing strategies can attract potential clients and give more bookings for your yacht. From professional photography to advertising campaigns, these efforts help make your yacht visible.

Another important element is crew selection and training. A well-trained crew is essential for providing guests a great experience. From captains to chefs, each member plays an important role in making guests’ time memorable. Investing time and resources into hiring and training staff is important for success.

Maintenance and repairs must be considered too. Inspections and maintenance ensure your vessel remains in great condition. Having reliable contacts in the marine industry for repairs and upgrades is important for minimizing downtime and making sure guests are happy.

Here’s an interesting fact: Luxury charter yachts in places like Monaco or St Tropez can command rates of €1 Million per week during summer, according to Boat International. It shows the potential earnings in the world of yacht charters.

As an owner, choosing the right yacht charter management program is crucial for making the most of your investment. By understanding components and industry trends, you can make decisions that help you become successful and make sure guests have great experiences aboard your yacht. Join us on this ultimate guide and unlock the secrets of yacht charter management programs for owners.

Understanding Yacht Charter Management Programs

To better understand yacht charter management programs and their benefits, delve into the sub-sections: What is a Yacht Charter Management Program? and Benefits of Participating in a Yacht Charter Management Program. Discover the comprehensive solutions these sub-sections offer in navigating the world of yacht charter management programs.

What is a Yacht Charter Management Program?

A Yacht Charter Management Program offers help to yacht owners for the efficient running of their vessels. It involves hiring a professional management company to manage chartering, upkeep, marketing and administration.

• It lets owners make money by chartering out their yachts when not in use.
• The management company lists the yacht on charter websites and promotes it to clients.
• They manage inquiries, bookings, contracts and payments.
• They also look after inspections, repairs, cleaning and necessary supplies onboard.

Owners can get advice on pricing to increase their income. The management company uses its industry knowledge and market info to suggest competitive rates that appeal to clients and are profitable.

By enrolling in a Yacht Charter Management Program, yacht owners get:

• Time-saving: The management company takes care of all admin and marketing, freeing up the owner’s time.
• Professional expertise: The team of professionals employed have lots of knowledge and experience in the yacht charter industry.
• Risk mitigation: The program keeps things legal and safe, while minimizing potential risks.
• Increased visibility: Through the management company’s marketing strategies, yachts get good exposure to potential clients.

To maximize the Yacht Charter Management Program:

• Communicate: Talk to the management company about any changes needed for marketing or maintenance.
• Be available: Openness to charter bookings during peak and off-peak seasons attracts more clients and more income.
• Keep the yacht in top shape: Maintenance and repairs are essential for guest satisfaction and positive reviews.
• Listen to feedback: Getting feedback from charter guests helps identify areas to improve and delivers a better customer experience. Changes suggested can lead to good word-of-mouth marketing.

With an active Yacht Charter Management Program and these tips, yacht owners can make money from their assets and get professional assistance with managing their yacht charter operations.

Benefits of Participating in a Yacht Charter Management Program

Participating in a Yacht Charter Management Program offers many advantages.

• Yacht owners can make money from their vessels with no stress. By placing them in charter, they can balance out the costs of upkeep and running with the income from rentals.
• These programs provide professional maintenance and repairs. Skilled technicians guarantee the boats are kept in perfect shape, cutting down downtime and making customers happy.
• Owners can get access to a large network of charter clients. This boosts their chances of finding renters and ensures regular bookings all year round.
• They also get comprehensive marketing assistance. Through ads, online listings, and partnerships with influencers, yacht owners can reach more people and attract more customers.
• Financial reporting is transparent. Owners receive statements with the rental revenue, expenses, and profit share. This shows them their investment’s performance at all times.
• Lastly, these programs offer special features to meet individual needs. This includes specialized customer service and access to exclusive events or places to improve the experience for owners and renters.

Fun fact: Forbes predicts that the global yacht charter market will be worth $25 billion by 2027 . (Source: “Forbes”) .

How to Choose the Right Yacht Charter Management Program

To choose the right yacht charter management program for you, evaluate the reputation and experience of the charter management company. Examine the terms and conditions of the program to ensure it aligns with your needs. Understand the revenue sharing and income potential this program offers for efficient decision-making.

Evaluating the Reputation and Experience of the Charter Management Company

When choosing the right yacht charter management program, it’s very important to evaluate the reputation and experience of a charter management company. Trustworthy and experienced companies are key for a pleasant sailing experience.

To make sure you get a reputably experienced company, consider:

• Customer Reviews: Check out customer reviews online. Positive feedback from happy customers means a great service.
• Years in Business: A company with many years in operation shows expertise and reliability.
• Fleet Size and Quality: See how big the fleet is and if it’s well-maintained. A big fleet is a good sign, and quality vessels guarantee comfort.
• Industry Certifications: Does the company have certifications from professional associations? They show the company follows industry standards.
• Professional Team: Look at qualifications and knowledge of the company’s team, like brokers, captains, engineers, and crew. A knowledgeable team is helpful for advice.

Don’t forget to get info from different sources, like online, forums, and referrals.

Plus, trust your gut feeling when making the decision. If something doesn’t feel right, search for other options.

In the end, a reliable charter management company will make your yacht charter experience better and give you peace of mind. So, choose wisely!

Examining the Terms and Conditions of the Program

When it comes to choosing a yacht charter management program, it’s essential to take a close look at the terms and conditions. This will help you comprehend the duties, responsibilities and rewards that come with the program.

Take a peek at these key areas of examination:

• Ownership Rights – Check if you still own the yacht or if it’s become part of the charter company’s fleet.
• Financial Management – Find out the structure of payments, revenue splitting & maintenance costs.

Don’t forget to review any liability provisions, insurance coverage & dispute resolution procedures outlined in the terms & conditions.

For example, a yacht owner once went into a charter management program without inspecting the terms & conditions. Later, they realized ownership rights had been passed to the charter company for good. This caused major problems for their long-term plans.

By carefully reading and understanding the terms & conditions prior to entering any yacht charter management program, your interests will be safe and you can make an informed choice.

Understanding the Revenue Sharing and Income Potential

Gaining a grasp of the revenue sharing and money-making possibilities with a yacht charter management program requires taking into account multiple elements, like charter rates, operational costs, and commission structures . Examining these details will assist in choosing the right program for you.

It’s also important to assess the trustworthiness and performance of the charter management business. Researching customer reviews from other yacht owners can give you a better idea of their success in providing income for yacht proprietors.

In this cut-throat industry, it is essential to make the most of every opportunity. Choosing the right yacht charter management program can maximize your income potential and ensure long-term profits. Act now to seize this chance to increase your returns.

Keep in mind that deciding on a reliable management program can have a huge effect on your earnings. Don’t wait – take action today!

Steps to Enroll in a Yacht Charter Management Program

To enroll in a yacht charter management program, streamline your process by researching various charter management companies, reaching out to potential providers for program details, assessing the costs and fees involved, and carefully reviewing the program requirements and participants’ responsibilities.

Researching Different Charter Management Companies

It’s crucial to take key steps when researching various charter management companies. Firstly, you must gather info about every company’s reputation and experience . You can do this by checking customer reviews and testimonials, and asking industry professionals for their recommendations.

Also, it’s important to assess the range of services each company offers, like marketing, maintenance, repairs, and financial management . That way, you can pick a charter management company that matches your needs and goals.

Making a table to compare the companies’ attributes is helpful. Include company name, years in operation, customer reviews rating (1-5), services, and pricing structure . This way you can quickly identify each company’s strengths and weaknesses.

When researching the companies, remember to consider unique details that set them apart. Specialty services or partnerships with luxury brands or yacht manufacturers, for example, can show the company’s expertise and exclusivity.

The emergence of online platforms that link yacht owners with potential charter clients has changed the industry. They provide a convenient way for both parties to connect and negotiate agreements. As tech develops, these platforms may become even more relevant to charter management.

Contacting Potential Charter Management Companies to Inquire about their Programs

• Research potential charter management companies that align with your goals and preferences.
• Compile a list of questions to ask representatives regarding fees, duration, training, and support.
• Reach out to the companies to schedule a meeting or inquire about their programs.
• Listen to their responses and take notes.
• Ask follow-up questions to gain a comprehensive understanding.
• Discuss any concerns with the representative and seek clarification.
• Compare the information gathered and evaluate which one aligns best with your needs.

Remember that each suggestion is essential for an informed decision. Research helps create a shortlist tailored to you. Questions make sure no crucial info is overlooked. Contact companies directly to gather program details firsthand. Active listening allows you to absorb influential aspects for better evaluation. Address concerns upfront to assess customer response. Compare multiple options to select the perfect program.

Follow these steps and pay attention to detail to confidently contact charter management companies. The perfect program awaits – it’s up to you to seize the opportunity!

Evaluating the Costs and Fees Associated with the Program

Assessing the costs and fees connected with a yacht charter management program is an essential part of making a smart decision. By taking the time to look closely at the financial details, potential participants can decide if the program fits in with their budget and investment plans.

To make this easier, we have created a table that displays the different costs and fees connected to a standard yacht charter management program. This table gives a clear overview of the expenses, so people can compare different programs and make a wise choice.

The table below shows the Costs and Fees Associated with the Program:

Along with these costs and fees, it is important to think about other things such as tax commitments, fuel expenses, and any unexpected repairs or emergencies that may crop up during ownership.

A great tip for assessing costs is to closely look at each part of the program’s pricing structure. Sometimes, lower upfront costs may mean higher maintenance fees or vice versa. It is vital to analyze these facts to find out how affordable a yacht charter management program really is.

By going over all the relevant costs and fees, individuals can make sensible decisions when signing up for a yacht charter management program.

Reviewing the Requirements and Responsibilities of Program Participants

Before enrolling in a yacht charter management program, it’s crucial to review the requirements and responsibilities of participants. This helps them make an informed decision and understand what’s expected of them.

The table below provides an overview:

Besides these main points, there are some other factors to consider. Communication skills are essential as program participants will be talking to clients. Plus, customer service experience can prove helpful in providing great charter experiences.

Let me tell you a story to emphasize the importance of reviewing these requirements. My friend enrolled in a yacht charter program without fully understanding the responsibilities. They didn’t have much knowledge of maritime laws and lacked experience managing vessels, which caused them to struggle to meet certain expectations. This story shows why it’s vital to review and comprehend the requirements beforehand.

Takeaway: Before beginning your yacht charter management journey, make sure you properly review and understand the requirements and responsibilities.

Benefits and Responsibilities of Yacht Owners in a Charter Management Program

To maximize the benefits and responsibilities of yacht owners in a charter management program, dive into the world of generating additional income from yacht charter bookings, handle maintenance and repair responsibilities effectively, and ensure yacht safety and compliance with regulations.

Generating Additional Income from Yacht Charter Bookings

Optimize your listing with high-quality photos and detailed descriptions. Showcase unique features to attract potential clients.

Research market rates for similar yachts in your area, and adjust prices according to seasonal demand.

Utilize various marketing channels to reach a wider audience.

Give an unforgettable experience with top-notch customer service, well-maintained vessels, and professional crew members.

Positive reviews and word-of-mouth recommendations can boost bookings.

Partner with a reliable charter management company for additional income.

Offer special packages or themed charters to attract specific market segments.

Yacht owners who have implemented these strategies have witnessed remarkable growth in their earnings.

Leverage digital marketing tools, partner with experienced charter brokers, and strive for excellence in service delivery.

Careful planning, attention to detail, and a commitment to excellence will help yacht owners generate additional income from yacht charter bookings.

Maintenance and Repairs Responsibilities

Neglecting maintenance of yachts can lead to costly repairs and long-term damage. To avoid this, regular checks, cleaning, and servicing are essential. Any malfunctions or damages should be addressed promptly. Qualified professionals should be trusted for maintenance and repairs. Documentation and record-keeping of all activities are also important. This will help track the yacht’s condition and be useful for resale or insurance claims. Following manufacturer guidelines and regular inspections can extend the lifespan of a yacht.

The importance of adhering to maintenance responsibilities has been highlighted by an incident of a yacht owner who neglected maintenance for years until a critical issue arose. The repair costs skyrocketed due to additional damage caused by negligence .

Ensuring Yacht Safety and Compliance with Regulations

Yacht owners in a charter management program play a crucial role in safety and compliance. This involves adhering to local and international maritime laws, and following safety protocols set by the charter management company.

To ensure yacht safety, owners must regularly inspect and maintain vessels. This includes mechanical systems, electrical equipment, safety gear, and navigation instruments. Issues and deficiencies should be addressed quickly through repairs or replacements.

Yacht owners should know the regulations in the industry. They should understand the safety equipment requirements, crew qualifications, navigational restrictions, and environmental protection measures . This way, their vessel meets all legal standards.

Yacht owners must educate their crews on emergency procedures, first aid techniques, fire prevention methods, and evacuation protocols . This creates a safe environment onboard.

An example of the commitment to safety involves an owner who noticed an inconsistency in the vessel’s compass readings. Realizing the danger this posed, they contacted professionals for assistance and had the issue resolved before any guests set sail.

The Process of Chartering Your Yacht through a Management Program

To successfully charter your yacht through a management program, you need to master the process of marketing, handling bookings, and managing charter clients. Explore the sub-sections – marketing and promoting your yacht for charter, handling bookings and reservations, and selecting and managing charter clients – to ensure a smooth and profitable yacht charter experience.

Marketing and Promoting Your Yacht for Charter

Marketing and promoting your yacht for charter is essential for success. Showcase its unique features and amenities so you can attract potential clients and make more bookings. Here are some tips to consider:

• Professional Photography: Invest in high-quality professional shots that show off the beauty and luxury of your yacht. Captivating images will improve your marketing materials and online listings, and encourage people to check out your yacht.
• Online Listing Platforms: Create detailed listings on popular yacht charter sites. Include vital info about specs, amenities, crew, and availability. These sites give you global reach to potential customers.
• Social Media Presence: Have a strong presence on social media platforms such as Facebook, Instagram, and Twitter. Post content like photos, videos, testimonials, and updates about your yacht’s availability or special offers. This will increase brand awareness and draw followers who might be interested in booking your yacht.
• Collaborate with Travel Agents: Partner with travel agents who specialize in luxury travel or yachting vacations. They have a wide network of people searching for unique experiences like chartering a private yacht. Provide them with info about your yacht to expand your reach to their clients.

Make sure to keep your marketing materials up-to-date and stay informed about industry trends. This will keep you competitive in the charter market.

Effective marketing and promotion of your yacht will boost its visibility among charter clients. Invest time and resources into crafting marketing materials tailored for this purpose. This will attract more bookings and maximize the revenue from chartering your yacht.

Handling Bookings and Reservations

Streamline the booking and reservation process with dedicated software or systems.

Respond quickly to inquiries – time is of the essence!

Have policies and procedures in place for flexible changes.

Keep clients in the loop with all the information they need.

Also, remember to offer personalized service and attention to detail to make the booking experience special.

Act fast and professionally when handling bookings and reservations.

Don’t miss out – take control of your yacht charter management now!

Selecting and Managing Charter Clients

Choosing and handling charter customers is a key part of chartering your yacht through a management program. It’s important to pick the right people, for a great experience for both sides.

Think about the customer’s preferences, experience level, and budget. So you can make the charter fit their needs and expectations. Also, assess their sailing qualifications, to make sure they’re good for your yacht.

Keep contact with potential customers. Answer any questions and worries, and create trust. Give clear instructions about the yacht, like restrictions and limits on trips and activities.

Use digital platforms and marketing to attract clients who fit your target market. Social media and online ads can help.

A bad example of picking the wrong clients is when a yacht owner didn’t check the customer properly. They had no sailing experience and no qualifications. Things went wrong during the charter, with damage onboard. This shows how essential it is to select and manage charter customers well.

Tips for Maximizing Revenue in a Yacht Charter Management Program

To maximize revenue in a Yacht Charter Management Program, equip yourself with invaluable tips. Set competitive charter rates, offer special packages and incentives, and maintain excellent customer service and reputation. These strategies are the key to success and profitability in the yacht charter industry.

Setting Competitive Charter Rates

To stay ahead in the yachting industry, it is vital to set competitive charter rates. Here are 6 tips to maximize revenue:

• Research the market: Analyze trends and competitor pricing.
• Price based on value: Consider amenities, crew expertise, and service.
• Adjust rates for peak seasons: For maximum profit.
• Offer incentives: Special offers like discounts or extended charters.
• Flexible pricing options: Different packages to cater to customers.
• Regular review/adjust: Evaluate pricing strategies based on feedback.

Stay updated with competitors, customer preferences and trends. With these considerations, you can optimize your yacht charter management program and maximize revenue.

Pro Tip: Monitor market demand and adjust charter rates for competitive success.

Offering Special Packages and Incentives

Customized packages, seasonal discounts, referral programs, last-minute deals, and loyalty rewards are all key strategies for increasing revenue in yacht charter management programs.

Tailor packages for clients to make their experience unique. Offer discounts during off-peak seasons to book charters when demand is lower. Implement referral programs to reward existing customers. Create a sense of urgency with last-minute deals. Recognize and reward repeat customers with exclusive benefits.

Analyze target markets to stay on top of trends. Regularly review special packages and incentives to remain competitive. These strategies will help charter companies maintain a healthy revenue stream while providing excellent experiences for their clients.

Maintaining Excellent Customer Service and Reputation

In a yacht charter management program, customer service is key . Customers must be valued and their needs met quickly. Addressing any problems with efficiency and empathy will help build trust and create strong relationships. Showcasing the special qualities of the yacht charter program can make it stand out from other competitors and draw in more customers. By always providing great service, the program can become renowned as a reliable choice for luxury yacht charters.

Yacht owners: arm yourself with info from this article! Understand the benefits & considerations of each charter management program. Choose the one that fits your needs & maximizes your yacht’s potential.

Communication & a strong working relationship with the management company are essential for success. Follow these guidelines & you’ll have a profitable charter operation.

Pro tip: evaluate & review the performance of your chosen management program. Identify areas for improvement & optimize returns!

Frequently Asked Questions

FAQ 1: What is a yacht charter management program for owners?

A yacht charter management program for owners is a service offered by yacht management companies that handles all aspects of chartering a yacht. This includes marketing, bookings, crew management, maintenance, and financial administration.

FAQ 2: What are the benefits of joining a yacht charter management program?

Joining a yacht charter management program can offer multiple benefits for owners. Firstly, it allows owners to offset the cost of yacht ownership through charter income. Additionally, it eliminates the hassle of dealing with charter bookings and administrative tasks, allowing owners to focus on enjoying their yacht.

FAQ 3: How does the yacht charter management program handle bookings?

The yacht charter management program takes care of marketing the yacht and securing bookings. They have a network of brokers and platforms to promote the yacht and handle inquiries. The program also manages the booking process, including contracts, payment collection, and coordination with the charter guests.

FAQ 4: What happens if there is damage to the yacht during a charter?

In the event of damage to the yacht during a charter, the yacht charter management program typically has insurance coverage to handle the costs. They will work with the insurance company, arrange for repairs, and ensure that the yacht is brought back to its original condition.

FAQ 5: What role does the yacht owner play in the charter management program?

The role of the yacht owner in the charter management program depends on the owner’s preferences. Owners can choose to have a hands-on approach or leave all management tasks to the program. However, most programs involve owners in decision-making regarding major issues, such as maintenance and charter pricing.

FAQ 6: How are the expenses and revenue from charters handled?

The yacht charter management program takes care of all financial aspects related to chartering. They handle the collection of charter fees, deduct their management fees and expenses, and provide regular financial reports to the yacht owner. Owners can expect to receive their share of revenue from charters on a regular basis.

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Allison Cecilio is a Charter Manager in Denison’s charter department. She was born and raised in Beverly, Massachusetts where she found her initial love for the ocean. At the age of 28, she moved to Fort Lauderdale, Florida and began

Allison Cecilio

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Originally born in the North of France, Ingrid started her career at American Express, organizing complex international business trips for a portfolio of large corporate accounts and family offices. Her grandfather, a speedboat builder, was her inspiration and the one

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PLAN B Yacht – Luxuriant $100M Superyacht

The PLAN B yacht is Patokh Chodiev’s $100 million superyacht that was delivered by German shipbuilders Abu Dhabi Mar in 2012.

Alberto Pinto drew up the classic interior design, and the exterior was designed by Focus Yacht Design. The 73m yacht offers a luxurious yachting experience.

PLAN B yacht interior

Alberto Pinto designed the interior of the PLAN B yacht. She has eight cabins that can accommodate 16 guests, one master, three VIPs, one double, and three twins.

There are ten cabins for 22 crew members. She features a massive beach club that creates an inside/outside area on the water for guests to enjoy.

Behind the helipad, which serves as an excellent spot to view the surrounding environment, is a sundeck jacuzzi surrounded by sun pads, sun loungers, and a bar.

A corridor connects the beach club to a spa and steam room.

The main deck aft has a partially shaded area by the upper deck overhang and with the option for additional shade with a canopy to suit guests.

There are plenty of interior design features that are excellent for relaxation and socialization among guests.

The master suite is on the main deck and is a large room with a private terrace, en-suite bathroom, a lounge, and a study.

The sundeck has an indoor gym space that guests can use while the boat is underway. The gym features spectacular views with floor-to-ceiling windows.

The exterior was designed by Focus Yacht Design and built by Abu Dhabi Mar, a prestigious German shipbuilder.

The ADM shipyard, Nobiskrug, is on the Elder River in Germany and is known for building custom-made and cutting-edge luxury yachts. ADM was formerly known as HDW-Kiel.

The PLAN B yacht was delivered in 2012, with an exterior consisting of a striking steel hull and white aluminum superstructure. PLAN B was recently refitted in 2020.

Specifications

With her 2 MTU engines, The PLAN B yacht can reach a top speed of 17kn. She has a volume of 1773 tons and costs $5-$10 million per annum to run.

At her cruising speed of 13 knots, she can cover 4000 nautical miles. She has a total length of 73m, a draft of 3.6m, and a 12m beam.

She has a Lloyds Classification, with advanced Zero Speed stabilizers for maximum comfort onboard while at anchor.

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• Abu Dhabi Mar
• Alberto Pinto
• Focus Yacht Design
• MTU Engines
• Pathok Chodiev
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Build a Yacht

Do you plan to build a yacht of your own.

If yes, read this guide on new yacht construction.

We will go through stages of a superyacht new build and discuss important points that every yacht owner or owner representative needs to know when commissioning custom yacht construction.

New Yacht Construction in a nutshell

Why build a yacht? The answer to this question is slightly different for every superyacht owner. One aspect is true for all: only a fully customized superyacht which was made specifically for you will perfectly fit all of your requirements and tastes.

If you are not satisfied with serial production yachts and seek that unique superyacht to call truly yours – then building a yacht is for you.

Superyacht build is an exciting process which only a handful of people in the world are lucky to experience.

There is nothing like seeing your own superyacht coming to life, first on paper in form of superyacht designer drawings, and then for real at the superyacht shipyard.

New yacht construction is a lengthly and sophisticated process which can take several years to complete. Thus it is very important for every superyacht owner to understand ins and outs to prevent unnecessary mistakes.

We at Yachtowner.co prepared a guide through superyacht build process for you. Let’s dive right in!

Build a yacht. Where to start

Why build a yacht.

Always start your superyacht new build process with why. The better you understand yourself, the easier it will be for superyacht professionals to satisfy your needs.

Why do you want to commission new superyacht construction? What drives you? How are you going to use your boat? What are your requirements? Sit down and make a list of things you would like to see at your new superyacht. Let your dreams flow and capture them on paper.

Look at your requirements and rate them. Group all your requirements into groups: “absolute must have”, “desirable”, “nice to have”. This grading will help yacht designers and shipyard understand your priorities and focus on the right things. Add information about numbers of cabins, speed, cruising range of your yacht, maximum noise and vibrations levels, and anything else which comes to your mind.

Save photos and descriptions of other yachts you like, including finishings type and quality. They will later serve as benchmark for a superyacht designer.

Try to describe the use of your boat in 1 or 2 sentences. A “floating home for my family”, a “fast and furious party boat”, or “an expedition vessel to explore arctic regions”? Give your new luxury boat your personal twist!

Successful yacht build starts with clear communication

By the time you decide build your own yacht, you should already have tried out chartering different yachts or owned some of second hand yachts.

As with anything else, in yachting it is also better to gain maximum experience, yachting knowledge and understanding of your needs, before you start your first large project.

How can you know what you want, if you don’t know which options are available? If you are just starting out in yachting, read our article How to Buy a Yacht .

Yacht design is all about compromises. Aiming to build the fastest boat, for example, implies limiting its overall weight. It means less additional lifestyle appliances on board.

To maintain the speed, a stronger engine is required, which means more fuel storage and less inside space. There are many examples of compromises like this. 

Due to its high quality and sophisticated finishings, superyacht construction is much more labour intense than construction of any other type of vessel. Executing change requests gets expensive very soon.

Also, unlike in serial production of planes or cars and due to uniqueness of your boat, the shipyard does not have possibility to fully standardize the production process. Solutions can not be tested for various hundreds of times before the building begins. The shipyard just has one shot to get things right. 

The more specific and detailed your understanding of your own preferences, the clearer and faster your communication about them, the better job your superyacht designer, architect and shipyard will be able to execute.

Superyacht Build: Choose the Right Team

You are about to sign a superyacht construction contract which will tie you into working with a shipyard for the next couple of years. Make sure you choose the right people! Superyacht building team can make or break the project.

In general, you will be working with a number of different experts from the superyacht industry during the next couple of years. They will surely have deep knowledge in their specific spheres of expertise.

Surrounding yourself with experienced professionals with no conflict of interest and simultaneously educating yourself on yacht building process will make you feel confident and comfortable in such a specific setting.

Always ask questions, clarify things you might not understand. Maritime industry is full of jargon. It’s ok not to know specific terms. It is much better to ask rather than to not be able to follow a discussion.

Professionals build the yacht for you, but in the end, it is your yacht. You want to make sure that you get the boat of your dreams and have enough knowledge on how it functions.

As a future superyacht owner, you probably already have your favorite yacht designers, naval architects and superyacht brands. If not yet, then check out our Comprehensive list of 195 Superyacht Brands to discover some of the world’s best superyacht builders.

How to Build a Yacht: Design Phase

Now when you already have put your first thoughts on paper, it’s time to make first contact with a superyacht designer and/or a naval architect.

A superyacht designer is responsible for creating an attractive and practical design for your future yacht. A naval architect is typically a professional engineer in charge of construction, design and repair of yachts.

If optical appearance and interior design is your focus, yacht designer might be appropriate to hire. If instead you want to incorporate non-traditional and sophisticated technical elements into your yacht, a naval architect is the right person to contact.

Take the list of your preferences that we discussed in the beginning of this guide and visit several superyacht designers and architects. Browse through previous yacht projects in their portfolios. Make sure that he or she has enough experience in designing similar types of yachts.

Choose two or three best companies. Ask them for preliminary drawings and estimates of fees, and compare. Choose the one who suits you best. 

Then visit a superyacht insurance agent and a classification society surveyor . Yacht insurance decides whether the yacht is ready to launch. Classification society is an entity which monitors that the yacht is built according to highest standards and quality.

The surveyor checks if the shipyard builds your yacht to the best quality. It is in your interest to involve these two stakeholders already in the beginning of the process, to avoid unnecessary hassle from the start. Show them the first drawings and specifications of the new yacht that you got from the designer/architect, and ask how  they work and what else they need.

Clarify yacht financing . The majority of privately owned superyachts are financed by some kind of a bank loan. It is a savvy financial decision to finance your superyacht by a bank loan.

By negotiating good loan conditions, you can keep your own cash and invest it into a better performing asset classes with higher returns. There is a number of financial institutions worldwide which specialize in superyacht financing.

Think about the flag of your future superyacht . In which country will it be registered? Will it be a Red Ensign Flag ? Choice of the country of registration will affect legal status of your superyacht, so choose carefully.

We cannot stress enough how a well-executed and detailed yacht design is crucial for the following yacht construction! Before starting to build a yacht, one needs to run a full check of all documents, specifications and plans. The better you prepare on this stage, the smoother the yacht building process will be.

Build a Yacht: Shipyard & Construction

The big decision alongside the choice of yacht designer and naval architect, is undoubtedly, the choice of shipyard . This is the manufacturer of your future custom superyacht. The shipyard plays an immense role and has responsibility to deliver your new yacht the way you want it.

Once the preliminary design of your yacht is ready, you can start looking for a suitable shipyard to build your yacht.

How to choose a shipyard to biuld a yacht? Which yacht brand is the best for you? Look out for the following points:

• Shipyard size
• Shipyard’s preferred size of yachts
• Years on the market
• Previous experience in building similar yachts as yours
• Delivery schedule
• Own design team
• Reviews of previous clients
• Resale value of yard’s previous yachts
• Project management skills
• Who is the project manager? Do our personalities fit well?
• Are processes in place?
• ISO standards & compliance
• Procurement department & policies in place
• Financial stability of the shipyard
• Do I have a good feeling with the shipyard?

There is quite a variety of shipyards in the world and it can become a daunting task to choose the best one for you. Send your inquiry to several shipyards, and narrow down your choice to 3-4 best ones based on their answers. Get more details and specifications from them and choose the best shipyard.

The shipyard will assign a project manager and a team to run the building of your new custom superyacht.

The project manager is an employee of the shipyard and is the key person who runs the construction of your yacht. His task is to project manage the build, to make sure everything sticks to schedule and there is no significant cost overrun, and to maintain communication with the owner’s representative.

Cooperation between project manager and owner’s representative is key in successful superyacht construction. Whereas the owner’s representative has power to act on owner’s behalf, the shipyard’s project manager is the one who runs the show on shipyard floor.

Visit the shipyard personally and talk to the general manager and the potential project manager (the latter reports to the former).

Take a look at the facilities. Try to find out how the processes at the shipyard are managed. Are proper project management procedures established? Are processes structured and responsibilities clear?

The better the organization of shipyard’s work, the more likely is your new custom yacht to be completed up to your expectations. One of the ways of finding it out is asking for previous client’s opinions. Ask the shipyard if they can share such contacts with you.

The team will prepare a project plan and a project schedule. After that the execution will start. This is a long, sophisticated but a very exciting process, when you will finally see your yacht materializing.

It is good practise to have a yacht engineer or captain who will be working on the yacht after completion to be part of the team during construction. His detailed knowledge of the new yacht will be invaluable for its daily operation after the handover.

Visit the shipyard once in a while and take photos of different stages on construction. What exciting memories to look back at!

During the yacht construction phase, you are likely to submit some changes. Some issues might arise. But don’t get demotivated, it is normal with a project of such scale.

Proper execution control mechanisms and processes will allow your team to identify potential issues at early stages, while it is still relatively easy and cheap to fix them.

Build a Yacht: Sea Trials & Closing

 Finally the construction of your custom superyacht is completed. We know you can’t wait to see your beauty on water!

Launching is the day when your new yacht is put in the water for the first time. It is an exciting and very important moment, which needs to be carefully planned by the shipyard.

Now the yacht needs to be tested in action. This is a period of sea trials . For several weeks, all systems of your new yacht will be tested in operation. This is the final complete technical check of your new luxury boat. Some fixes might be done during this period.

As with a brand new car, some systems on the yacht will take longer time to be fully tested in action. Some fine tunings will surely also be done during the first and second years of your superyacht’s lifetime. It is absolutely normal.

Handover is the final stage of yacht construction project. This is when you sign the final acceptance of the yacht, probably with a list of things which still need to be fixed in the upcoming weeks.

With the handover of the yacht, also all its documentation has to be handed over to you or your team. This includes all the plans, drawings, sea trials results, manuals to all the systems and appliances on board.

Your crew has to have access to all these documents to be able to comfortably transition to the new build yacht.

Give your captain and crew some time to accommodate onboard and get accustomed to the new yacht.

Now you are finally ready to make the first voyage on your new custom superyacht , the moment you have been waiting for so long.

Congratulations!

Build a Yacht: Contract is King

Yacht construction documentation.

When it comes to building a yacht, paperwork matters. With such a large project, all the parties involved are interested in having everything clarified on paper before yacht construction starts.

Unclear or conflicting conditions, missing clauses, mess in communications and emails can substantially complicate building of your yacht. As well as make it much longer and more expensive.

Work with lawyers that have been working with yacht building projects before. They will advice on how to setup contracts, which paragraphs and attachments to include.

You should have the following documentation package: contract, scope of work, technical specifications, terms and conditions, regulations, contract drawings, classification rules, standards, and execution page. 

Due to the nature of new yacht construction projects, roles and responsibilities of different stakeholders can overlap. Best practice is to include description of roles and responsibilities of every stakeholder in an attachment to contract, to avoid confusion.

Make sure you understand every clause in the contract personally. The language might be very specific, but knowing what you sign is absolutely crucial, even if you trust the professionals you hired.

In the end, you are the owner and end beneficiary. It is your yacht and your money, you should know what you are signing for.

Keeping all documentation saved and filed properly might be boring, but it is so important! With a project of such magnitude, paper chaos can come quite fast.

Shipyard will file documentation on their side, but your representative should also have own filing system to make sure you have all papers at hand.

Also, after the yacht construction is completed, as-built documentation shall be handed over to you.

Making changes while you build a yacht

Trust us, no matter how well you planned your new custom yacht in advance, you will want to change at least something later.

Change orders and how they will be handled in the building process are an important part to put down in the contract. Having clear rules on how change orders shall be handled and paid for will significantly ease the process. Make all your changes in writing as an attachment to the contract.

Generally, the fewer change orders you make, the better. The sooner they come during the yacht build, the better. They will also be considerably cheaper to implement.

Just think of how much will need to be redone, if you decide to make changes in hull structure once the yacht is almost finalized, interiors are finished etc.? It might be cheaper to build a second yacht…kidding, but you get our point.

Superyacht Construction: Comfort Onboard

Stabilizers.

Comfort on board of your yacht is central to enjoyment of trips and cruises! Seasickness is sadly something that many people get and it can ruin any vacation. No matter how luxurious a yacht, it is still moving in water, and at least some minimal motion will always be there.

Solution to seasickness are stabilizers. If you are sensitive to motion on water, make sure your yacht has a good stabilizer. It will make a great difference in your yachting experience.

There are many stabilizing systems of varous types on the market. Talk to your team at the design stage and later ask stabilizer manufacturer to provide a motion simulation study.

Noise & Vibration

Not so obvious aspect for new yacht owners are noise & vibration levels outside and inside your yacht. We love the speed that strong engines give – but they are loud. Engines cause noise – and so do propellers, generators, bow thrusters, hydraulics, gearbox…

Work with a good noise level specialist when constructing your yacht, to make sure that noise does not exceed your tolerance level. It is much easier and cheeper to minimize noise already during design and construction of your yacht.

Ideally, use another yacht as a reference point for setting acceptable vibration and noise levels. Test it at the dockside and during cruising. When the yacht is moving, you will hear not only the engine noise, but also sound of waves hitting the hull, wind, propellers.

Specify maximum sound levels in every cabin in the yacht building contract. Most people prefer to have at least some noise level in the cabins, not to feel too locked out of their environment. Also, getting below specific levels gets very expensive, and will probably be unnecessary.

Superyacht Build Success depends on Yacht Owner’s Involvement

Yes, as the future superyacht owner you also have an important role to play in superyacht construction. Only with your active involvement in the project, can the yacht designer and shipyard get all the important information and approvals in time and deliver great results.

Only by knowing what a perfect yacht means specifically for you, can they build this perfect yacht.

If the personal time you are willing to spend on the project is very limited, hire a knowledgeable representative.

Owner’s representative is a key stakeholder in a new yacht build, alongside shipyard’s project manager. Owner’s rep is the major contact point for all the other stakeholders. Make sure he or she has necessary experience, knowledge and power to represent you and make decisions on your behalf.

Yacht owner’s representative should be on pulse of construction schedule, cost, and current stage of the building process. Cooperation between the owner’s representative and the shipyard’s project manager is a key relationship in any superyacht new build.

In short: completing a successful superyacht build is only possible with active cooperation from the owner’s side. There are quite a number of new build projects that run into issues due to lack of owner’s participation.

New yacht construction is your biggest dream coming true, it’s fun to take active part it in!

Yacht Construction: Frequently asked questions

What does a custom yacht mean.

A custom superyacht means a yacht which is designed and build specifically to your requirements. A custom superyacht is unique. If you commission building a custom yacht, there will be no other yacht like yours in the world.

How long does it take to build a yacht?

Superyacht construction times vary depending on the size and complexity of the boat . It can take anything from 2 to 5 years to complete building of a custom superyacht.

How much does it cost to build a yacht?

New build custom made superyachts are more expensive than serial production or semi-custom yachts. Their prices can go up to several tens of millions of dollars on average. Exact price range depends on the yacht size, complexity and finishings. The largest yachts in the world cost considerably more than a hundred million dollars, reaching over a billion dollars for the most expensive ones.

Who is involved in a superyacht build?

Yacht owner, owner’s representative, superyacht designer, naval architect, shipyard (full team typically led by a project manager), lawyers, insurance agent, superyacht financing specialist, classification society surveyor, possibly superyacht broker , superyacht captain & crew, to name the main stakeholders.

What are the best superyacht manufacturers in the world?

There is quite a number of prominent shipyards with expensive experience of building superyachts in the world. The exact choice will depend on the size of yacht, your preferences, budget and taste. With superyacht manufacturers, there is no one size fits all, but there are market leaders. Browse through our Comprehensive list of 193 Superyacht Brands to choose your favorite.

Summary: Build a Yacht

In this article, we discussed new superyacht building process from the yacht owner point of view. We highlighted main points you should keep in mind to avoid common mistakes during yacht commissioning and construction.

It is beyond the scope of this article to list all the important aspects of building a yacht. Hiring an experienced superyacht consultant will significantly ease the yacht build for you.

Get the best superyacht professionals onboard, stay curios and ask questions. With every completed yacht new build you will gain your own experience and know your yachting needs better. We know some serial yacht owners who complete a new yacht build project every couple of years. It’s fun!

And last but not least: building your own superyacht is such a unique adventure, which only few people get to experience. The absolutely main thing is to enjoy it to the fullest!

Do you have questions we have not covered?

Ask us in the comments below, or contact us directly at [email protected] ! We will define your needs and find the best solution together!

Article by Yachtowner.co

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Owner Of San Diego's Famed Lamborghini Yacht Filmed Threatening Downtown Dock Worker & Also Sues Second San Diego Restaurant

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California yacht owner threatens to kill dock worker in vicious showdown, cali yacht owner threatens to kill dock worker drops pants for rude salute, 93 3/13/2024 8:09 am pt.

A California yacht owner's vicious beef with a dock worker has reached death-threat levels -- and their exchange was caught on camera and included a nude, and very rude, gesture!

Check out the clip ... it all unfolds when San Diego entrepreneur Ajay Thakore swings by the swanky Marriott Marquis Marina in his rare $4.5M Tecnomar for Lamborghini 63 yacht to pick up one of his employees -- but things boil over when dock worker Joseph Holt tells him he can't be there.

Thakore, the CEO of medical advertising firm Doctor Multimedia, flips out on Holt big time ... and starts spewing threats like, "I will kill you, you know I will kill you, I will kill."

And it doesn't stop there -- as Thakore's pulling out of the harbor, he drops trou to make a full frontal salute in Holt's direction. Stay classy, San Diego!

Holt's only retaliation was flipping the bird, and he later told CBS8 that was all he could do to keep his cool and avoid escalating the situation.

Holt says parts of the altercation were not captured on camera, and he adds ... Thakore not only threatened to kill him, but also claimed to have connections who could totally mess up his life.

Holt also says Thakore pulled out $100 bills and tossed them at him, even chucking some in the water.

BTW, Thakore's done some backpedaling since the ugly exchange -- he now says, "The interaction that occurred yesterday was regrettable. What started as a minor misunderstanding escalated into an argument, and I apologize for my actions and to those who witnessed the unfortunate exchange."

Waiting for your permission to load the Instagram Media.

FWIW ... One of Thakore’s employees claims the whole thing began because other dock workers blocked him from boarding the yacht.

Oh, and if that fancy Lambo yacht looks familiar -- it's the same one Chuck Liddell recently tumbled off just last month. Now it's famous AND infamous!

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The White House 1600 Pennsylvania Ave NW Washington, DC 20500

FACT SHEET: President   Biden Announces Plan to Lower Housing Costs for Working   Families

Building and preserving over 2 million new homes to lower rents and the cost of buying a home

President Biden believes housing costs are too high, and significant investments are needed to address the large shortage of affordable homes inherited from his predecessor and that has been growing for more than a decade. During his State of the Union Address, President Biden will call on Congressional Republicans to end years of inaction and pass legislation to lower costs by providing a $10,000 tax credit for first-time homebuyers and people who sell their starter homes; build and renovate more than 2 million homes; and lower rental costs.  President Biden also announced new steps to lower homebuying and refinancing closing costs and crack down on corporate actions that rip off renters.

We are starting to see some progress. More housing units are under construction right now than at any time in the last 50 years, rents have fallen over the last year in many places, and the homeownership rate is higher now than before the pandemic. But rent is still too high, and Americans who want to buy a home still have difficulty finding one they can afford. That is why President Biden has a landmark plan to build over 2 million homes, which will lower rents, make houses more affordable, and promote fair housing.

Lowering Costs of Homeownership For many Americans, owning a home is the cornerstone of raising a family, building wealth, and joining the middle class. Too many working families feel locked out of homeownership and are unable to compete with investors for a limited supply of affordable for-sale homes. President Biden is calling on Congress to enact legislation to enable more Americans to purchase a home, including:

• Mortgage Relief Credit. President Biden is calling on Congress to pass a mortgage relief credit that would provide middle-class first-time homebuyers with an annual tax credit of $5,000 a year for two years. This is the equivalent of reducing the mortgage rate by more than 1.5 percentage points for two years on the median home, and will help more than 3.5 million middle-class families purchase their first home over the next two years. The President’s plan also calls for a new credit to unlock inventory of affordable starter homes, while helping middle-class families move up the housing ladder and empty nesters right size. Many homeowners have lower rates on their mortgages than current rates. This “lock-in” effect makes homeowners more reluctant to sell and give up that low rate, even in circumstances where their current homes no longer fit their household needs. The President is calling on Congress to provide a one-year tax credit of up to $10,000 to middle-class families who sell their starter home, defined as homes below the area median home price in the county, to another owner-occupant. This proposal is estimated to help nearly 3 million families.
• Down Payment Assistance for First-Generation Homeowners. The President continues to call on Congress to provide up to $25,000 in down payment assistance to first-generation homebuyers whose families haven’t benefited from the generational wealth building associated with homeownership. This proposal is estimated to help 400,000 families purchase their first home.

The President isn’t waiting for Congress to lower costs for homebuyers and homeowners. Last year, the Department of Housing and Urban Development (HUD) reduced the mortgage insurance premium for Federal Housing Administration (FHA) mortgages, saving an estimated 850,000 homebuyers and homeowners an estimated $800 per year. And today, the President is announcing new actions to lower the closing costs associated with buying a home or refinancing a mortgage.

• Lowering Closing Costs for Refinancing. The Federal Housing Finance Agency has approved policies and pilots to reduce closing costs for homeowners, including a pilot to waive the requirement for lender’s title insurance on certain refinances. This would save thousands of homeowners up to $1500, and an average of $750, and the lower upfront fees will unlock substantial savings for homeowners as mortgage rates continue to fall and more homeowners are able to refinance. According to independent analysis , across the market title insurance typically pays out only 3% to 5% of premiums in claims to consumers, compared to more than 70% in other types of insurance. Homeowners can still purchase their own title insurance policies if they choose to do so.
• Lowering Closing Costs for Home Mortgages. The Consumer Financial Protection Bureau will pursue rulemaking and guidance to address anticompetitive closing costs imposed by lenders on homebuyers and homeowners.  These charges—which benefit the lender but not the borrower—can add thousands to the upfront costs of a mortgage.  Those upfront costs cut into the amount of homebuyers’ down payments and reduce homeowners’ available equity.

In the coming months, the Department of Treasury’s Federal Insurance Office will convene a roundtable of relevant industry stakeholders, including consumer advocates and academics, in order to discuss the title insurance industry and analyze potential reforms. Building on today’s announcements, President Biden is calling on federal agencies to take all available actions to lower costs for consumers at the closing table and help more Americans access homeownership.

Lowering Costs by Building and Preserving 2 Million Homes America needs to build more housing in order to lower rental costs and increase access to homeownership. That’s why the President is calling on Congress to pass legislation to build and renovate more than 2 million homes , which would close the housing supply gap and lower housing costs for renters and homeowners. This legislation would build on executive actions in the Biden-Harris Administration’s Housing Supply Action Plan that contributed to record housing construction last year.

• Tax Credits to Build More Housing. President Biden is calling for an expansion of the Low-Income Housing Tax Credit to build or preserve 1.2 million more affordable rental units. Renters living in these properties save hundreds of dollars each month on their rent compared with renters with similar incomes who rent in the unsubsidized market. The President is also calling for a new Neighborhood Homes Tax Credit, the first tax provision to build or renovate affordable homes for homeownership, which would lead to the construction or preservation of over 400,000 starter homes in communities throughout the country.
• Innovation Fund for Housing Expansion. The President is unveiling a new $20 billion competitive grant fund as part of his Budget to support communities across the country to build more housing and lower rents and homebuying costs. This fund would support the construction of affordable multifamily rental units; incentivize local actions to remove unnecessary barriers to housing development; pilot innovative models to increase the production of affordable and workforce rental housing; and spur the construction of new starter homes for middle-class families. According to independent analysis, this will create hundreds of thousands of units which will help lower rents and housing costs.
• Increasing Banks’ Contributions Towards Building Affordable Housing. The President is proposing that each Federal Home Loan Bank double its annual contribution to the Affordable Housing Program – from 10 percent of prior year net income to 20 percent – which will raise an additional $3.79 billion for affordable housing over the next decade and assist nearly 380,0000 households. These funds will support the financing, acquisition, construction, and rehabilitation of affordable rental and for-sale homes, as well as help low- and moderate-income homeowners to purchase or rehabilitate homes.

Lowering Costs for Renters President Biden is also taking actions to lower costs and promote housing stability for renters. The White House Blueprint for a Renters Bill of Rights lays out the key principles of a fair rental market and has already catalyzed new federal actions to make those principles a reality. Today, President Biden is announcing new steps to crack down on unfair practices that are driving up rental costs:

• Fighting Rent Gouging by Corporate Landlords . The Biden-Harris Administration is taking action to combat egregious rent increases and other unfair practices that are driving up rents. Corporate landlords and private equity firms across the country have been accused of illegal information sharing, price fixing, and inflating rents. As part of the Strike Force on Unfair and Illegal Pricing announced by President Biden on Tuesday, the President is calling on federal agencies to root out and stop illegal corporate behavior that hikes prices on American families through anti-competitive, unfair, deceptive, or fraudulent business practices. In a recent filing , the Department of Justice (DOJ) made clear its position that inflated rents caused by algorithmic use of sensitive nonpublic pricing and supply information violate antitrust laws. Earlier this month, the Federal Trade Commission and DOJ filed a joint brief further arguing that it is illegal for landlords and property managers to collude on pricing to inflate rents – including when using algorithms to do so.
• Cracking Down on Rental Junk Fees . Millions of families incur burdensome costs in the rental application process and throughout the duration of their lease, from “convenience fees” simply to pay rent online to fees charged to sort mail or collect trash. These fees are often more than the actual cost of providing the service, or are added onto rents to cover services that renters assume are included—or that they don’t even want. Last fall, the FTC proposed a rule that if finalized as proposed would ban misleading and hidden fees across the economy, including in housing rental agreements. Last month, HUD released a  summary of banned non-rent fees within their rental assistance programs. These actions build on voluntary commitments the President announced last summer from major rental housing platforms to provide customers with the total, upfront cost on rental properties on their platform.
• Expanding Housing Choice Vouchers . Over the last three years, the Administration has secured rental assistance for more than 100,000 additional households. The President is calling on Congress to further expand rental assistance to more than half of a million households, including by providing a voucher guarantee for low-income veterans and youth aging out of foster care – the first such voucher guarantees in history. Receiving a voucher would save these households hundreds of dollars in rent each month.

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On board with Bob and Amy Book, owners of 47m superyacht Book Ends

Having gone two years without a yacht, superyacht owners Bob and Amy Book are making up for lost time. They have crossed the Atlantic to explore the Med – and meet new friends along the way, as they explain to Risa Merl...

“Yachting defies common sense. It's really irrational when you think about it; a deep-rooted love,” says Bob Book, owner of 47 metre Heesen Book Ends , his 17th yacht of that name.

It was in the middle of their honeymoon more than 40 years ago in Acapulco, Mexico, that Book and his wife Amy discovered their passion for boating. The newly-weds went out on a little five metre boat along the coast, and Book was instantly smitten. “I went back every day until I got sun poisoning. I’m on my honeymoon in this very romantic place, and I couldn’t do anything! Good introduction to boating, right?” Book says with a laugh. Back home in New York, Book wasted no time and bought his first boat.

“It was a 25ft single screw. It had a mustard hull and yellow seats. Amy named it Book Ends , which has stuck all these years,” says Book. “I was the captain and she was my first mate. And we had no idea what we were doing.

”Since that time, the Books have become seasoned sailors, owning ever-larger Book Ends , including a Westport 112 and a 40 metre before their new Heesen. The maiden voyage of the first little yellow Book Ends was a short mosey down the Hudson River and around the Statue of Liberty. For second-generation Americans, whose grandparents arrived at Ellis Island as immigrants escaping troubles in Europe, seeing Lady Liberty from this perspective brought tears to Bob and Amy’s eyes. “Our grandparents arrived in steerage, and here we were in our own boat, living the American Dream,” says Book.

Truth be told, Bob Book is the American Dream incarnate. Born the son of a rabbi and raised on New York’s Lower East Side, Book’s idea of boating as a child was riding the Staten Island Ferry, which cost five cents. But a little ingenuity propelled him from immigrant’s son to serial entrepreneur before he even graduated from college.

“My first business was an accident,” Book says. He was attending NYU in 1970 and discovered there were 21 colleges and universities within the five boroughs of New York City and all were suffering from student housing shortages. The city was also at the height of its financial crisis and hotels were “in the doghouse”, as Book puts it, reporting less than 50 per cent occupancy. He saw an opportunity, and at only 19 he started his first business, a student housing company that worked with hotels to rent unused rooms to students. This expanded to offer rooms to young professionals as well, with its reach soon growing across the country and the world.

Book’s next business was a natural evolution. “I had thousands of students in lots of different hotels, and half of them couldn’t pay the rent each month,” he says. “So I started a temp service to find them jobs.” One of the students who was constantly broke was particularly good at making sandwiches, so Book came up with an angle. “Around 11 o’clock every night, I’d send him to all the rooms in hotels – just about the time when the kids would start getting the munchies because they were smoking grass – and he’d sell out his sandwiches every night!”

By the time Book graduated, the temp service was going strong, so he and a business partner started an employment agency. This was just the beginning of a long list of successful businesses that he has helmed over the years. A decade ago, he acquired what’s currently his biggest company, Jet Support Services, Inc (JSSI), the world’s top independent provider of aircraft maintenance programmes. Book is the chairman and one of his two sons, Neil, serves as CEO. JSSI has headquarters in Europe, Asia and Chicago, where Neil keeps his own boat on Lake Michigan.

“That’s his third boat in three years, so he’s following in my footsteps,” Book says, beaming with pride. “The first two boats were Sea Rays. Next year I think he’ll move into a 22.8 metre Viking ; and my grandson Sidney, who’s six, loves it!”

Being able to pass down the love of yachting to their children and grandchildren is part of the joy of yacht ownership for the Books. “Yachting is also a great way to keep your family together,” says Amy. “You know, ‘if you build it, they will come’? Well, if you have a boat, your family comes and spends time with you! It’s the best.”

Spending time on board with family and friends – and meeting new friends along the way – is a big part of the attraction for the Books. Every summer for seven years, they would rendezvous with their good friends, the owners of the 61 metre Hakvoort Just J’s . Before the summer of 2017, Book received a call from the owner of Just J’s saying he was planning to move the boat from Newport to the Med for the summer. “He asked me, ‘are you sure you’re going to have a boat by this summer?’” Book recalls.

The Books had found themselves in a rather unusual place – without a superyacht. Their previous Book Ends , a 40 metre Westport, had sold surprisingly swiftly, and they were in the middle of a two-year shopping trip to find the perfect yacht, one that would have the range and space they desired to go further afield than their usual cruising grounds of the Eastern Seaboard and Bahamas.

“I was in every shipyard in Europe for two years and spent almost $2 million shopping for a boat,” Book says, explaining he had marine surveyor Ian Kerr check out any boat he was serious about. “If you do it right, that’s a couple hundred thousand bucks. I would frankly never buy or build a boat without Ian overseeing it.”

When the owner of Just J’s called again to ask if he’d have a boat in time, Book responded positively, thinking he was about to close a deal. “But that deal blew up over lunch, and that’s when Thom Conboy [of Heesen Yachts] called me,” says Book. “I had just stepped out of the lunch and Thom said, ‘what’s it going to take to get you in this 47 metre?’” Book had been to Heesen on his yacht shopping tour, but because they were originally after a 55 metre, the 47 metre in build at the Dutch yard hadn’t caught their attention. “It was like divine intervention – we agreed on a price and 48 hours later I was in the shed.” In less than a month, they took delivery, just in time to join Just J’s in the Med.

The new Book Ends ticked a lot of the boxes – steel hull, long range, good storage – but it didn’t exactly match their preferred interior style. The Books like to have a simple base to personalise, and since taking delivery they’ve worked to tone down some aspects of the original design, adding simpler joinery, more white carpets and removing superfluous furnishings, all the while adding their signature bright orange hue and bold artwork, much collected on their travels.

In Portofino they bought pieces from a local artist, who they invited over for breakfast the next day. “He said no one had ever invited him on board before,” Book says. “And now I’m trying to arrange an exhibition for him in the States.”

Meeting new people, whether it’s the couple on the yacht next door in La Spezia or locals in the Med or Bahamas, is what keeps the Books interested. They prefer this over “seeing and being seen”. “Our favourite places might be places that not everyone likes,” says Amy. “Capri is beautiful, but it was not what we wanted. Because we were there in the summer, it was like Times Square on New Year’s Eve. We like places where we can walk around, where we can really talk to people. We’ve made so many friends because of the boat.”

During their six weeks in the Med, the Books particularly fell for Italy, and among their favourite spots were Elba and Forte dei Marmi. The latter is the home of their good friend Andrea Bocelli , who helped the couple find a new captain, and one of their favourite restaurants, Santa Monica, is nearby in Viareggio.

Though the Books value the friendships they’ve made, the yachting life is also filled with a healthy dose of competition. They own a Viking 62 sportfisher and are about to take delivery of a Viking 72. The Vikings, named Book Ends Team Hookers, are put to work in fishing tournaments along the US East Coast and in the Bahamas. Book says fishing itself is boring – it’s the tournament atmosphere and meeting people from all walks of life that he enjoys. “I love the competition,” he says. “I have a great team whoall want to win. There’s an old expression, ‘show me a good loser and I’ll show you a loser’. So the fishing is always competitive, and it’s a lot of fun.” Book heads to Bahamas-based tournaments with a fleet – Book Ends serving as the mothership while the Viking and his Scout 42 head out to the fishing grounds.

Bob and Amy plan to spend even more time on board this summer. Book relishes the fact that he can work from his on board office. “Nobody knows where I am! We could have a board meeting and they just assume I’m in the office – no one knows I’m really in Italy.”

It’s not all been unalloyed good times, but the Books are experienced enough to know that peaks always follow troughs. “So many times I’ve said I’m getting out, it’s just not worth it; it’s so much stress, it’s so expensive and so many things can go wrong – and they usually do in boating,” Book says. “But then you have a summer like we had, six weeks cruising all over the Med and discovering places. You know if you leave it, you wouldn’t be sitting here, you’d be sitting on a couch somewhere watching a football game.”

Amy adds: “And we would never have gone to some of these places without the boat. Even if people do go by land, there’s no comparison to seeing these places from the water and having your home with you.”

Images: Shutterstock; Jeff Brown/Breed Media; Adam Pass; Tiziano Canu; Andrea Pisapia; Charlie Clark

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JEMASA yacht NOT for charter*

49.97m  /  163'11 | australian navy | 1973 / 2023.

Owner & Guests

Cabin Configuration

• Previous Yacht

Special Features:

• Impressive 7,000nm range
• Recent refit in 2023
• Two VIP cabins
• Lloyds Register 100A1 SSC YACHT MONO G6 LMC classification
• Sleeps 10 overnight

The 49.97m/163'11" motor yacht 'JeMaSa' (ex. HMAS Flinders) was built by Australian Navy at their Williamstown shipyard. This luxury vessel's exterior design is the work of Marine and she was last refitted in 2023.

Guest Accommodation

JeMaSa has been designed to comfortably accommodate up to 10 guests in 5 suites comprising two VIP cabins. She is also capable of carrying up to 14 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include a gym, deck jacuzzi, WiFi and air conditioning.

Range & Performance

JeMaSa is built with a steel hull and aluminium superstructure, with teak decks. Powered by twin diesel Caterpillar (D398B) 746hp engines, she comfortably cruises at 10 knots, reaches a maximum speed of 14 knots with a range of up to 7,000 nautical miles from her 152,800 litre fuel tanks at 9 knots. An advanced stabilisation system on board promises exceptional comfort levels at anchor or on any voyage. Her water tanks store around 26,964 Litres of fresh water. She was built to Lloyds Register 100A1 SSC YACHT MONO G6 LMC classification society rules, and is MCA Compliant.

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Motor yacht JeMaSa is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

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Texas Judge Warns Pet Owners Before Solar Eclipse

A Texas judge is urging pet owners to stock up on supplies for their animals in advance of the total solar eclipse next month.

On April 8, the moon will be positioned so that the entire disc of the sun will be blocked out in several U.S. states, plunging millions of people into darkness during the early afternoon. The path of totality will start in Mexico and extend across Texas, Oklahoma, Arkansas, Missouri, Illinois, Indiana, Ohio, New York, Pennsylvania, Vermont, New Hampshire, and Maine before heading out over the North Atlantic.

The spectacle is expected to draw crowds from around the nation as people head to areas in the path of totality to witness the eclipse. Texas officials have voiced concerns about stretched public safety resources, an "enormous strain" on local hospitals and congested roadways.

The concerns prompted Kerr County Judge Rob Kelly to issue a disaster declaration on March 4, in which he said that the influx of visitors could "drain our food and fuel supplies and strain our city and county infrastructure to, quite possibly, over capacity."

Kelly singled out pet owners and urged them to purchase any supplies needed to tend to their animals a week before the eclipse.

Read more: Save Money on Pet and Food Supplies

"I encourage you to stay off the roads and at home, if possible, on the day of the event," Kelly said, according to a webpage about the disaster declaration. "Also, in the week preceding the event, I would encourage you to make sure your vehicles are tanked up, that you have sufficient grocery supplies, that your prescriptions are filled and that you are stocked up on provisions for any animals in your care over the duration of eclipse weekend."

In the disaster declaration, Kelly said that the county of 53,000 people could easily see a tripling of its population because of visitors for the eclipse. The declaration will remain in effect until terminated by the county judge at some point after the eclipse date.

The Kerr County offices will be closed during the eclipse, with employee safety given as the reason. Many schools in the region also plan to close for the day out of concern for student safety. For example, Hays County schools will close. The district previously planned to be open for the event and even purchased viewing glasses for all students so they could safely observe the eclipse .

Read more: Best Credit Cards to Save on Gas

Glasses will now be sent home with students, along with "fun activities and assignments for eclipse day," Hays school district spokesperson Tim Savoy previously told Newsweek in a statement.

Issuing a disaster declaration allows counties to request state assistance and resources from the Texas Division of Emergency Management should they be needed. Newsweek reached out to TDEM by email for comment.

Although only certain states will be in the path of totality, every state in the contiguous U.S. will be able to see some form of the eclipse, with only small parts of Hawaii and Alaska missing out.

The last total solar eclipse in the U.S. was on August 21, 2017. The next one will not occur in North America until 2044 .

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