Clipper Oil: Spring 2022 Yacht Newsletter

Spring Yacht Newsletter

May 2022

How the World of Yacht and Catamaran Chartering Is Changing

The yacht and catamaran chartering industry is vastly changing. This is due, in large part, to changes across all sectors, with all the developments in technology enabling innovation and transforming almost every industry.

Sailing has come leaps ahead since the old days of navigation by sun and wood structures. The yachting and catamaran experiences are better than ever for those who enjoy this vacation style. And thanks to technology, it is more accessible to all of us.

But how is this exciting holiday world responding to consumer demand and these advancements? And what does this mean for the future of yachting charters?

(Source: Inquirer.Net) Continue Reading

The Biden Administration Is Moving to Convert Seized Russian Superyachts Into Cash Aid for Ukraine

The Biden administration plans to accelerate the process for moving seized superyachts through the US court system, with the goal of selling off the assets and donating the proceeds to Ukraine. Two high-profile superyacht seizures last week show that the pressure on Russian oligarchs does not seem to be slowing.

Last Thursday, a Fijian judge ruled that local law enforcement could impound Amadea, a 348-foot superyacht valued at $325 million. The judge ruled that the yacht, which US authorities claim belongs to Russian oligarch Suleiman Kerimov, could not leave the island nation as the US moves through local channels to officially seize it.

Kerimov made a fortune in Russian gold producer Polyus. He has been on the US sanctions list since 2018 and, after Russia invaded Ukraine, faces sanctions in Canada, Europe, the UK and other countries.

(Source: Robb Report) Continue Reading

Superyachts Closer to a Bigger Home As Fort Lauderdale Starts Las Olas Marina Project

As much as Fort Lauderdale has always welcomed luxury vessels to the city’s vast network of waterways, the “yachting capital of the world” often has been a tough place for a captain of superyachts to find a place to dock.

But now, the space issue is closer to easing as the city started construction last week of the Las Olas Marina, which would provide helmsmen with 7,000 new linear feet of dockage, a three-story marine services building and a 15,000-square foot, two-story upscale restaurant with outdoor dining.

The project is designed specifically to give access to superyachts, vessels more than 80 feet long.

(Source: SunSentinel) Continue Reading

This New and Exclusive Membership Makes Superyacht Ownership Easier

With multiple decisions to be made about everything from berthing and fueling to travel and crew, managing a superyacht is one of the biggest challenges of ownership. However, a new package from Island Global Yachting (IGY) Marinas promises to simplify the process by offering a one-stop-shop for premium yachting destinations and yacht management services – IGY Trident.

The simple aim of IGY Trident is to offer owners access to IGY’s strong global network of industry partners. These partners are offering members of IGY Trident exclusive benefits including dockage, fuel, yacht management, insurance, crew training, provisioning, health and wellness, and events and experiences. “Between the owner and marina, there can be more than 10 different stakeholders to deal with. We understand that owners want simplicity and so, we are providing a comprehensive set of services administered from a single source,” says IGY Trident CEO Tom Mukamal.

“Our goal is to improve the economics and experience of yachting,” adds Mukamal. “What we have created really makes life easier for owners. The agreement with our partners was that IGY Trident members are offered services that do not already exist, and the savings made from these benefits are more than the price of the membership.”

(Source: Boat International) Continue Reading

Why Bermuda Is Back On the Map for Superyachts

Bermuda has welcomed seafarers for centuries, and with new charter permits now in place and a packed calendar, there is plenty to tempt superyachts back.

With pink sand beaches, turquoise waters and lashings of rum, Bermuda has the credentials to be the perfect superyacht destination. Prohibitive restrictions have put off some visitors in the past, but with a new agreement in place making it possible for yachts over 24 metres to receive charter and cruising permits, the island is primed to be rediscovered by the superyacht fleet.

Bermuda may only be just over 50 square kilometres in size, but there is plenty to keep visiting yachts entertained, both above and below the water. The island nation is famed for its shipwrecks and there are more than 300 to explore. Captain William Evans, of 46.7-metre Focus, believes it is one of the world’s best diving destinations. “You can’t do much better than playing around the shipwreck capital of the Atlantic with all its shallow water dives and crystal-clear waters,” he says.

(Source: Boat International) Continue Reading

Putting the Sea of Cortez on the Superyacht Map

On the long journey north along the Pacific West Coast, Mexico seems the perfect location for cruising. However, it continually surprises me that so few friends in the industry have made the journey. The long stretch of the Pacific coast that stretches north to Canada and Alaska has a growing network of marina and service infrastructure. There is a perception that yachts are alone on this side, but that is becoming an outdated notion. We want to hear from captains, crew, owners, guests and charter managers who have visited The Sea of Cortez to better understand the opportunities and challenges of the region.

Baja California, the long, 70,000 square km peninsula jutting south from the US border is a truly unique destination. The Sea of Cortez, which it shelters, offers respite from the currents that sit outside its protections. After the Mexican War (1846–48), the Treaty of Guadalupe Hidalgo gave this territory to Mexico. And it remains a vital part of the history of the nation, and a valuable asset to the tourism industry. It is a geographically diverse and environmentally rich area that deserves more attention from the superyacht fleet. Across this region, there is a significant amount of development that still needs to take place, however.

(Source: SuperyachtNews) Continue Reading