A luxury yacht management team handles all of the operational and maintenance obligations that come with owning a yacht. From regular surveys and refits to financial management, crew employment, and even legal and technical support - they are responsible for ensuring your yacht stays in top condition throughout your ownership.
Taking the technicalities out of your hands, yacht management allows you to focus on enjoying all the perks of owning a yacht, without any of the stress. You can rest assured that the team will deal with any legal or regulatory concerns, as well as maintain the condition of your yacht. With an experienced team on-hand, everything will be taken care of.
Whilst the exact running costs of a yacht will vary depending on the type of yacht, its age, and how it's used, you can usually expect to pay around 10% of the yacht’s initial purchase price on maintenance each year. So for a EUR 20,000,000 superyacht, it will cost around EUR 2,000,000 annually to keep her running.
For fully serviced yacht management, you will be expected to pay a monthly fee, although the exact amount will vary depending on several factors, including the size of the yacht, the types of service included, the length of the agreement and the overall condition of the yacht. If you would like a quote for the management of your yacht, you can contact our team to make an enquiry.
Whether commissioning a new build or refitting an existing yacht, the process can be long and complex, with various regulatory standards that need to be met and timelines that need to be tracked. A superyacht project management team can help streamline the process and ensure everything goes to plan, so all you have to do is decide what your dream yacht looks like, and they will help bring it to life.
Refitting your yacht has multiple benefits. Not only does it allow for customisation and keeping your yacht in top condition, but it also helps in making her more attractive to charterers and future buyers, as well as maintaining a level of style and modernity that will help your yacht keep her value in the long term.
The exact expense of a yacht refit will depend on the changes being made and the size of the yacht, as well as her overall condition. Whilst repainting the hull can cost anything up to EUR 1,000,000, installing new decor or an on-deck spa pool can cost anywhere from EUR 50,000. If you’re planning to refit your yacht, you can get a quote from our global yacht management team: [email protected].
The length of time it takes to build a custom yacht will depend on the shipyard, size of the yacht, level of customisation and complexity of the design. On average, it takes around three to four years to build a fully custom yacht.