Checking In From Monaco

The Monaco Yacht Show is in full swing, and while the present is very much here and vibrant with an array of new yachts on display, many ponder what the future may look like. The dip in new yacht orders of the past few years has stimulated the fertile imagination of creators and designers, and it is more than fun to explore the possibilities.
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All in a day’s work: meeting with Albert Einstein at the Feadship booth to pick his brain about what his 90-meter yacht (which he would have built at Feadship) may have been like, an interview with designer Kenzo Takada who has brought his signature to Alumarine’s project Noah and a preview of 27 variations of what the yachts of the future may look like at Benetti. The Monaco Yacht Show is in full swing, and while the present is very much here and vibrant with an array of new yachts on display, many ponder what the future may look like. The dip in new yacht orders of the past few years has stimulated the fertile imagination of creators and designers, and it is more than fun to explore the possibilities. But with 127 superyachts and luxury tenders on display at Port Hercules, many less than two years old, plus an impressive fleet moored a tender-ride away from the show, potential clients have plenty to keep them interested. The brokerage market is fairly healthy and, in spite of rumors to the contrary, prices have held fairly steady, according to Fraser Yachts CEO Hein Velema, who spoke at Marine Money’s Finance Forum on Tuesday. Despite current European economic woes and a slow US economic recovery, the mood is fairly optimistic among professionals in yachting, which healthy attendance on the show’s opening day validated. Many of the yachts on display in Monaco will cross over in time for the Fort Lauderdale International Boat Show coming up, unless of course, they find a buyer here in Monaco.

MonacoYachtShow2011

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