Recent reports in the Indian press indicate changes. Specifically, a new yachting culture has hit Indian shores. Globe-trotting Indians are starting to flaunt express cruisers and speedboats. These are the new symbols of wealth. In addition, families are renting large yachts for vacations together.
According to Malav Shroff of Mumbai-based Mahindra Ocean Group, “After you have luxury cars, upmarket living spaces, high-end accessories and farm houses, where would you spend your money? Yachts are becoming elements of aspiration for many.”
Anju Dutta, a sales broker for Marine Solutions says sports cruisers are hot picks. “We have sold 45 Sea Ray sports boats and cruisers in the last year…in places like Goa, Cochin and Kolkata,” she says. Marine Solutions also gets demand for premium Italian models like the Ferretti 570 motor yacht. More commonly seen in the Mediterranean yacht charter market, such as the Ferretti motor yacht NUMBER OF COWES, interest in both buying and chartering mid-range Ferretti models in India is on the rise.
Jana Sheeder, President of 1-800 Yacht Charters has been monitoring the increased demand for yachts in India.
“Mumbai is the country’s yacht capital, says Sheeder. “The number of motoryachts in the city has increased form 100 to over 200 in the past three years. The city has over 700km of waterfront exposure and the Maharashtra government has plans to develop multiple marinas. This is truly an emerging yachting market.”
While many Indian-owned yachts are used exclusively by the owners, others are now available for charter both in India and in ports around the world. Vijay Mallya owns the 95-meter motor yacht INDIAN EMPRESS which Sheeder and her company offer for hire at a weekly rate of €600,000 plus expenses.
Word recently came in that one of the largest private luxury yacht charter vessels in the market was just sold.
The 85 meter (279 foot) spectacular Lurssen motor yacht SOLANDGE has been sold. The deal closed on March 22, and the new owner has already taken delivery. The buyer was represented by Moran Yacht and Ship, and terms of the sale have not been released. She was listed for sale by Moran at an asking price of €155,000,000 (yes, boys and girls, that IS 6 zeros!)
The massive yacht was scheduled to participate in the Palm Beach International Boat Show, March 23 -26, 2017. Needless to say, the new owner saw no need to put the yacht on display, instead choosing to enjoy his new watertoy.
Launched in 2013, Solandge Lurssen motor yacht features the sleek exterior styling of naval architect Espen Øino, with a rich, rather eclectic interior design by Aileen Rodriguez.
“She is an amazing luxury yacht charter vessel,” says Jana Sheeder, President of 1-800 Yacht Charters. “Imagine a floating resort with a gym, spa, saunas, and cinema. There’s even a DJ booth on the party deck, and a 5.5 meter swimming pool on the aft. Best of all, this floating spa is private – only you and your family and friends are onboard!”
Yachtsmen and -women the world over want to know — will we be waving goodbye to Lurssen yacht Solandge…or will she remain in the charter fleet??? Is it Adios – or just Hasta luego? Is it Tchau – or just Ate mais, beijo? Is it Ciao — or Addio?
Often, a new owner will remove the yacht from the private yacht charter marketplace, so he and his family and friends can enjoy her for extended cruising.
“For now, she remains listed for hire, but that could change,” says Sheeder. “Of course, for the benefit of our clients, we certainly hope she remains in the marketplace. Only a handful of the world’s largest yachts are available for hire, and motoryacht Solandge stands at or near the top of that elite list.”
Solandge accommodates 12 guests in a 7 elegant stateroom configuration. Her weekly rate is published at €1,000,000 plus running expenses. Her current schedule has her available for hire in the Caribbean through Spring, then in the Mediterranean for the summer.
To charter some of the world’s largest yachts, click https://www.1800yachtcharters.com/superyacht-charter/
This entry was posted in News Yacht of the Week and tagged largest yachts, private luxury yacht charter, Lurssen yacht charter, Solandge, motoryacht, yacht sales, Moran, yacht charter price, price to charter a yacht, sales price of yacht, Tchau, Addio, Hasta luego, Adios, Ate mais, BeijoPosted on
Megayacht charter customers take heart – the luxury yacht industry is alive and well. Superyacht sales soar in September 2009. Without active purchases and sales of yachts, there is no viable luxury sailing charter or megayacht rental industry. All sales bode well for the future.
September saw a number of 2009 brokerage sales records broken. In conclusion, 24 superyachts sell at asking prices totaling nearly 374 million EUROS. This is well above the combined total of July and August of 340 million EUROS. January to the end of April add to the number of superyachts with new owners – all to the tune of 372 million EUROS.
A few sample yachts finding new owners include:
Charlie Birkett, a yachting employee, comments:
“Understandably, expectations for what was once the start of the busiest season for yacht sales were conservative across the industry this year, and major brokerage houses reacted cautiously even to the apparent signs of recovery in August. However going into September we saw recovery consolidated somewhat with sales of the 60m+ yachts of prestigious yards and, speaking to other leading brokers at this year’s Monaco Yacht Show, the mood was certainly more optimistic.”
Basically, what his quote expresses is that the season starts slowly due to the economy, and as sales pick up, optimism grows.
This entry was posted in Yacht Charter News Educational and tagged Lurssen yacht charter, monaco yacht show, MYS, yacht sales, Shanti, Amels yacht, Boadicea yacht charter, Oasis, Boat International Magazine, megayacht salesPosted on
Did you know? Your fully-executed yacht charter agreement is not guaranteed. It’s not guaranteed that your yacht will be delivered to your desired port of embarkation on the start date of your vacation. Many charterers understand about mechanical problems or acts of nature, like hurricanes. These things can force the cancellation or the delay of a planned yachting holiday. Few realize the sale of the yacht can also result in a cancelled charter. Unfortunately, there is minimal recourse for the customer.
This is similar to many segments of the receding global economy. Sales of the largest yachts are in a major slump. Financial woes push increasing numbers of yacht owners to put their vessels up for sale. The result is a glut of yachts for sale with prices dropping each month.
“The fact that owners are actively marketing their yachts for sale, means charter clients must be keenly aware of whether or not their chosen yacht for their vacation is for sale,” states Jana Sheeder, President of 1-800 Yacht Charters and The SailAway Group. “Most charter contracts have an escape clause for owners if they sell their yachts before the charter. Of course funds are returned to the customer, but there is no guarantee a suitable replacement yacht can be provided for the same price and the same desired charter dates.”
To hedge the odds in favor of the charterer, Sheeder and her team try to promote newer-model yachts to their prospective clients. “Statically, owners will want to enjoy their new yachts for a year or two before considering their sale. We try to take advantage of this situation and promote newer yachts to our clients, to minimize the exposure to the potential sale of a yacht.”
Sheeder encourages charterers to ask their charter brokers about the sales status of any yacht that they consider renting. Ideally, they should seek a yacht that is not listed for sale. Says Sheeder, “If considering a yacht that is for sale, ask your broker for an analysis of how actively the owner is trying to sell, and see if there have been numerous or recent price reductions. Try to avoid any charter yacht that is actively for sale – or you could end up high and dry for your vacation.”
This entry was posted in Yacht Charter Frequently Asked Questions Educational and tagged largest yachts, Jana Sheeder, president of 1-800 Yacht Charters, yacht owners, yacht sales, The SailAway Group, guarantees in yacht charter industry, newest yachts for charterPosted on