Yacht Brokers News

Vesselbay.com went live in 2019 with the launch of an online sales platform for vessels, a platform designed to ensure efficient sales processes.Vesselbay.com aims to bring together buyers and sellers of vessels, invisible to the eyes of third parties, on an international scale. It works as follows: 1] A private or business vendor advertises a yacht or ship on Vesselbay.com.2]  A potential buyer makes an invisible, provisional bid for the vessel online via the Vesselbay.com website or app. 3] The seller is then able to accept the bid or reject it and in return make a counter offer.

The summer season in most of Europe has been off to a sunny and warm start, which has many longingly wishing to spend time at sea. Those with access to the privileged world of Superyachts will be looking forward to getting underway and traveling the world. It’s a great time to be a yacht owner, but the follow-on is that due to the increased utilization, the number of willing sellers typically drops. This leads to a slowdown in the sale and purchase activity and can be a good time for yacht brokers to look at taking their own summer breaks. This seasonal slowdown provides the perfect time for market watchers to sit back and look at the activity over the busier winter season transactions.Source: Vessels ValueThe Monaco Yacht show normally initiates the busiest market window.

At a special press event held at the Palm Beach International Boat Show, MarineMax announced today that they are expanding into yacht management, crew placement and charter of luxury megayachts. Bob Saxon Associates, has joined MarineMax as part of the new endeavor that will be headquartered at the MarineMax Yacht Center in Pompano Beach, Florida. “We are excited to announce this strategic initiative,” offered Bill McGill, MarineMax President and CEO. “Bob Saxon Associates is a natural fit for MarineMax, expanding the breadth of our offerings into the rarefied sector of yacht management. With over 35 years of experience, Bob is well known and highly respected as an early innovator and is considered by many to be the patriarch of the yacht management industry.

The Malta Maritime Careers Day will see the participation of three eminent international entities in its first year of staging. These will be ICOMIA - the International Council of Marine Industry Associations, SNAME - The Society of Naval Architects and Marine Engineers - based in Virginia, U.S. and the IMO International Maritime Law Institute. The objective of the Malta Maritime Careers Day is to bring together professionals, educators and leading industry players to discuss and encourage the improvement in academic and practical training for the common benefit of interested students, the industry in general and Malta’s economic sustainability. Another primary aim of the event is to increase visibility among students and parents of the career opportunities in this industry.

BYS, a Burger Company, has introduced its new website which includes yacht descriptions, detailed specifications, image galleries, and videos. According to the new web site BYS, located in Fort Lauderdale, Florida, serves yacht brokerage and charter clients worldwide. Absolute professionalism and discretion are assured when working with a BYS associate. A full array of new yacht construction and brokerage vessels are available through BYS and its brokers are astute, knowledgeable and work on the client’s behalf at all times.

International Yacht Collection (IYC) iannounced that Frank Grzeszczak and Barbara Stork Landeweer are the company’s  2013 Yacht Broker and Charter Brokers of Year, respectively. Representative of a banner year for IYC, both brokers played a pivotal role in promoting the superyacht lifestyle and helping their clients achieve results in the global market. “I have the privilege to again congratulate Frank and Barbara on their exceptional performance,” said Bob Saxon, IYC President.

Third party service providers can pose serious risk and liabilities for marina and shipyard owners. Without the proper due diligence these marine companies could find themselves footing large bills should a dispute occur. As a California insurance agency that specializes in ocean marine insurance for boat yards, marinas, yacht clubs, and commercial boating vessels/fleets, McDermott Costa Insurance Brokers also educates clients about best practices for reducing risk. A third party service provider is any vendor that provides services either to the marina or customers that use the marina. Third parties include repair services, vessel cleaning services, yacht brokers, surveyors, etc.

Fort Lauderdale-based luxury yacht brokerage firm 26 North Yachts recently launched an upgraded website that the company beliieves sets a higher standard for luxury yacht sales and purchase. Stated to be comprehensive in its scope and coverage, 26NorthYachts.com provides extensive information and reviews on over 80 luxury yacht manufacturers, in addition to yacht reviews and comparisons. Employing the latest web technologies, 26NorthYachts.com also offers engaging podcasts and videos to review and showcase previously owned yachts for sale—all in a format easily accessed through mobile devices. Arming buyers and sellers with up-to-date information they require, the site provides strategy guides and market analyses, unique to the user's position in a deal.

Fort Lauderdale, Fla., and Marina Del Ray, Calif. - Denison Yacht Sales, a full-service global yacht brokerage and yacht charter firm, recently hired eight new yacht brokers and a charter fleet manager. The new hires will expand the company's presence at its Florida and California offices. Joining the Fort Lauderdale brokerage are Skip Denison, Juan Pasch, Peter Quintal, and Gene Echols. Pasch will specifically be assisting in the sale of new Beneteau G.T.'s. New brokers to the California location include Dave Millett, Rick Peters, John Zagorski and Ed Gillespie.

Industry Leader Continues Strategic Path of Growth. Denison Yacht Sales is pleased to announce its acquisition of Generation Marine, a Fort Lauderdale-based yacht brokerage and service company. Generation Marine's reputation in the trawler and explorer yacht categories helps strengthen Denison's position in this segment of the yachting market. "We feel strongly that the trawler and expedition markets will continue their steady growth," said Bob Denison, owner of Denison Yacht Sales.

Platinum SuperYachts Inc. announces the formation of a strategic alliance with Custom Marine International Inc. (CMI Yacht), a U.S. based corporation. CMI is strategic to Platinum's business plan because of its unprecedented joint venture with China Shipbuilding Industries (CSI) for constructing state-of-the-art, large steel, aluminum, and fiberglass yachts at CSI's facilities in the Peoples Republic of China. The CSI shipyard boasts state-of-the-art facilities complete with leading edge technology and technical innovations, resulting in the ultimate in style and quality luxury yachts. Platinum is scheduled to receive preferred construction slots at the shipyard and will be able to provide custom and semi-custom mega yachts at a significant cost advantage.