Sardinia Luxury Tax on Mediterranean Yacht Charter Vessels Abolished

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In catching up on technical reading, I studied the launch of the 96 meter Feadship yacht VERTIGO.
For many of our clients, the epitome of luxury is a Feadship yacht charter vacation. These fabled Dutch builders have placed a number of their award-winning vessels into the superyacht charter market. Vessels like yacht HURRICANE RUN, motor yacht JOY, and the the 81 meter yacht AIR, the second largest Feadship currently available for charter, hold a coveted ranking among the most popular luxury yachts for hire in the world.
As I reviewed photos of yacht VERTIGO, Feadship hull 1066, I was floored by her massive size. At 96 meters in length (about 315 feet), she is longer than an NFL football field, from bow to stern. Even her onboard amenities are grand – like the 9 meter x 4 meter swimming pool and the below-deck helicopter hangar.
I thought to myself, “Our charter clients will be amazed when they see this yacht.”
Is it possible vessels like Feadship yacht VERTIGO and similar sized yachts are too big for a superyacht charter, no matter how impressive their onboard amenities might be. Too ostentatious? An appropriate size to maneuver? Is sher affordable?
So just how big is too big – and is there an optimal size yacht for charter?
As a person might expect, there is no simple yes or no answer. More importantly, there IS a correct answer – and it comes from understanding not so much what the charterer wants, as what the charterer needs!
While the charter rate and yacht’s appearance and amenities are important, those details initially take a back seat to the primary factors used to determine the optimal size of the yachts we recommend to our clients.
Our charter consultants focus on two primary criteria when determining the right yacht. For instance, destination and intended use.
“Where” the client wishes to charter is the first factor in determining how large a yacht they can enjoy. Simply stated, some yachts are too large, and draft too deeply in the water to safely navigate certain destinations.
Jana Sheeder, our company’s President best explains the challenge:
“A client who enjoyed a 175ft Feadship yacht charter vessel in the Mediterranean in the summer, might ask for a similar yacht to explore the Bahamas in the winter. However, the Bahamas are a shallow destination and many of the best beachfront anchorages are too shallow to be enjoyed by a Feadship with a typical 12ft draft. Instead of quoting a Feadship, we would probably recommend a yacht like the 164ft Mangusta MOONRAKER. She’s just 10 feet shorter in length than a comparable Feadship, but drafts just 6ft – half the draft of a Feadship!”
“What” the charterer wishes to do during the rental period is the second factor in recommending a yacht based on size. If the yacht is to be used for a corporate event, like the Cannes Film Festival, accessible dockage is crucial to the success of the charter. Our friend Hansel describes the importance of analyzing dockage requirements in relation to the yacht’s size.
“For a static charter, the yacht is normally positioned stern-to (perpendicular to) the quay so VIP guests can come and go. If the yacht is too long, it will have trouble docking stern-to, and it’s bow will jut out, and possibly restrict the passage of yachts entering and exiting the marina. It is far better to provide the client with a yacht shorter in overall length, but greater in volume via multiple decks for entertainment and socializing.”
Once the destination and use issues have been addressed, we can present the largest yachts that won’t compromise the needs of the client. At this point, the focus shifts to cost and amenities, with many clients seeking the biggest yacht in line with their budget, as well as a vessel with unique watertoys.
As an interesting side note, the owner’s perspective on what is the ideal size for a superyacht for charter differs from that of the charterer and charter broker. With many owners, bigger is better. Driven in part by ego, yacht owners continue to build larger and larger yachts. In a recent interview with Superyacht Times, John Rosatti, the owner of 65m yacht DOUBLE DOWN, commented on the growing trend to build bigger yachts:
“Everyone’s going bigger now, just look around. In 1988, I had a 34m Thunderball and it was in the top 100 largest yachts. Now I have a 65m, which may have just slipped out of the top 250. These boats get bigger and the ports get smaller. Where do you put them? It’s tough. If you look around there’s virtually nothing under 150 feet now.”
Yet even when ego seems to dictate the size of yachts, there is still some semblance of reason for a few yacht owners. Paolo Casani, managing director of C&N, believes new-build growth in charter yachts will be in the 45-65m sector. Casani told Superyacht Times:
“They’re (45-65m yachts) easier to manage and you have more berthing options. Yachts this size are the most appealing for charter. We had a 60m that did 96 days of charter in one season. The owner offset his running costs and actually made a profit. The pricing for charters becomes far less attractive for the market when you get above 65 meters.”
While affluent owners will continue to push the bar and build yachts in the 100 meter range, and larger, for most charterers, the ideal charter vessel will be the yacht that is best suited for the client’s desired cruising destination and specific use. Whether that yacht is 50 meters or 100, should remain a secondary factor in selecting the right yacht for the ultimate superyacht experience.
This entry was posted in News Educational Yacht Charter and tagged mangusta, yacht charter, Feadship, The Superyacht Experience(tm), Vertigo, Jana Sheeder, How big is too big, Thunderball, the size of a football field, Feadship yacht charter, Optimal size yacht for charter, president of 1-800 Yacht Charters, destination, the superyacht experience, yacht size, Hurricane Run, Moonraker
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John Staluppi, notably the luxury yacht charter world’s archetypical yacht owner, is at it again. He is driven by imagination and pride. As such, Staluppi takes possession of his 16th megayacht.
Diamonds Are Forever Staluppi yacht
Launch took place on 26th November 2011 in Benetti shipyard in Livorno, Italy. The 60 meter Benetti FB253 is the boat’s official identification. Like his earlier yachts, the vessel has been christened to honor another James Bond classic novel and film. Presenting motor yacht DIAMONDS ARE FOREVER.
Staluppi’s Casino Royale
The boat is based on the shipyard’s famed naval architecture and engineering. Elegant external line of the new Benetti FB253 M/Y (Motoryacht) DIAMONDS ARE FOREVER uses compact forms and dynamic slender lines. She has traditional design elements and modern innovative stylistic solutions. These features are the benchmark of Benetti’s throughout the world.
John Staluppi, Superyacht Owner
As a matter of fact, this man has long been a fan of the James Bond 007 saga. To emphasize, Staluppi’s earlier creations include:
CASINO ROYALE and DIAMONDS ARE FOREVER are built for true luxury at sea. Staluppi’s earlier Bond boats had a singular focus – SPEED. They were setting records as some of the fastest superyachts in the world. It was the 43.5 meter motor yacht OCTOPUSSY which broke the 50-knot speed barrier 20 years ago. This yacht brought the name of New York-born John Staluppi to the attention of yacht aficionados.
He has a well-known background, but the self-made millionaire left school when he was 16 and worked as a mechanic in Brooklyn. Due to this, he developed one of the most successful car dealerships in North America. It was a business that enabled him to indulge his passion for racing fast boats. He then started building megayachts for himself.
In conclusion, many charter yacht owners prefer to remain anonymous. Staluppi’s vision and passion bring fervor and excitement to a very conservative industry. There aren’t many yachts aboard which guests are greeted by frosted-glass panels delicately etched with the silhouettes of Bond girls!
The customized, whimsical James Bond boat themes are a refreshing breath of fresh air in an industry of white, cookie-cutter production boats. It must be remembered. Let’s hope Staluppi doesn’t run out of 007 movie titles, or his passion, any time soon.
Live the adventure – come explore an exotic destination on a James Bond boat.
Contact us HERE to make life-changing plans!
This entry was posted in News Yacht of the Week and tagged Celebrities Who Enjoy Yacht Charter, Gadgets, Bahamas yacht charter, fast superyacht, 1800yachtcharters, 007, Thunderball, Staluppi, James Bond, benetti yacht charter, motoryacht charter
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First, take an iconic former world-record holding yacht launched in the 80’s. Second, add the allure of James Bond Agent #007. Third, toss in wads of dough for refinements and upgrades. The result is the spectacular, all-new Heesen motor yacht OCTOPUSSY.
Jana Sheeder, President of 1-800 Yacht Charters took advantage of an invitation to privately preview the “NEW” vessel near the owner’s winter home in Palm Beach, Florida, before the yacht enters the Bahamas yacht charter market.
“We received an invitation to see the yacht at the conclusion of a 7 million dollar refit,” beams Sheeder. “To be the first in the charter industry to see this yacht in person as it returns to the market is so exciting – we can’t wait to share our report and photos with our clients!“
Boarding to starboard, amidships and entering the interior passageway, visitors immediately catch a glimpse of the spectacular new décor by Jeff Lincoln of New York. Looking aft, the salon and dining area boast sumptuous fabrics and textures. Sheeder notes how the designer stayed true to a classic yachting theme.
“The clean lines defined by white-on-navy color patterns add a great, crisp nautical flair, similar to the classic nautical clothing designs of Ralph Lauren. You know you’re in a yacht but you feel like you’re in a modern New York City apartment. I also love how the blue highlights allow the interior areas to melt into the exterior decks and the dark blue hull.”
As Sheeder continues her tour of the yacht, crew members point out the numerous highlights of the refit.
“You can tell every mechanical system and all interior surface areas – from the headliner to the flooring and wallcovering, and all of the furniture – have been renewed or replaced,” says Sheeder.
Heesen yacht OCTOPUSSY further benefits from a remodeled stateroom plan – with a combination of Queen and Twin berths as well as two Pullman berths for small children.
Additional refit highlights include a new sundeck and extension of the uppermost deck. The deck is complete with raised sunpads and Jacuzzi-style hot tub. “Adding the small sundeck with a hot tub highly appeals to charter clients,” says Sheeder.
“Clients love to spend a day swimming and exploring the James Bond Thunderball Grotto in the Exumas in the Bahamas. There’s nothing like soaking sore muscles in a Jacuzzi hot tub as the sun sets over the ocean…”
Octopussy’s 1988 builder is Dutch shipyard Heesen. This iconic yacht is true to the James Bond theme that underlines all of the famous films. Whether a plane, car, or boat, it goes AMAZINGLY FAST! When first launched, the 143 foot vessel set a world record as the fastest superyacht in the world, hitting a top speed of 53.17 knots. “The added renovations, and extensions have slowed her down a bit,” says Sheeder, “but not by much.” Currently, the yacht can cruise at 25 knots, with a top speed of 35 knots.
“The combination of speed in a setting of comfort and panache makes this an ideal yacht for exploring the Bahamas,” explains Sheeder. “Other yachts are stuck offering the traditional charter itinerary in the general area of Nassau, but this incredible yacht can get to remote islands far removed from the tourist areas. After all, the idea is to enjoy a private yacht charter vacation – and this yacht can certainly deliver on that promise.”
Take the “James Bond Yacht Challenge” and win a prize!
Tell us the names of three 007–inspired yachts currently available for charter. These are yachts named after actual James Bond movies.
Need a hint? The yacht “Octopussy” is named after the 1983 film of the same name starring Roger Moore as James Bond. Now you only need to name two more!
Need another hint? Go to www.1800yachtcharters.com and use the SEARCH box in the top right corner of the homepage to search on names of James Bond movies.
Email the names of three charter yachts named after Bond 007 flicks to info@1800yachtcharters.com, and we’ll mail you a special gift!
[Note: actual spies and secret agents are not eligible to play!]
This entry was posted in News Yacht of the Week and tagged motoryacht charter, Destinations, fast superyacht, Heesen, Refit, Jana Sheeder, Thunderball, Grotto de Neptuno, hot tub, yacht charter Bahamas, OCTOPUSSY, sundeck, Bahamas, grotto, James Bond
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