We’ve had our eye on the development of Porto Montenegro—a Gulf of Kotor port city of one of Europe’s smallest, youngest nations—for quite some time. The idea of a Monaco-like marina and destination in the location was promising and now—six years after clean-up, restoration and development began in earnest—this area is thriving.
For the rare uninitiated, VAT is Value Added Tax. For the past few years, more and more countries facing a shortage of revenue have put charter yachts under a microscope as potential sources of additional funds and began collecting VAT on charter fees.
It was the classic boats, including the restored presidential yacht Honey Fitz that attracted us to the 2012 Ocean Reef Club Vintage Weekend. But Classic Weekend is also about planes and cars and they contribute their fair share to this exciting event, which takes visitors back in time.
After building a buzz for a couple of years now, Marina Port Vell’s developer Salamanca Group is embarking on the marina’s second development phase. Ultimately, Port Vell will have berths ranging from 33 feet (10 meters) to 591 feet (180 meters) with a majority in the 60- to 90-meter range.
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.