Around The WorldMott MacDonald Forms <strong>Marina</strong>Collaboration in Asia PacificMott MacDonald’s Hong Kong <strong>of</strong>fice and <strong>Marina</strong> ProjectsLtd have joined together in a collaboration providing servicesand expertise in marina consultancy and maritimecoastal engineering.<strong>Marina</strong> developers and investors can now benefit from acomprehensive and unrivalled consultancy service availablethroughout the Asia Pacific region. Mott MacDonald and <strong>Marina</strong>Projects are fully committed to providing environmentallysustainable solutions to all aspects <strong>of</strong> marina design. Thisteamwork approach has already been applied successfully onthe prestigious Baroque on Lamma project in Hong Kong.Mott MacDonald has played a major role in the development<strong>of</strong> marine infrastructure throughout the Asia Pacific region.The consultancy will be providing full planning and engineeringservices including breakwater design, wave and sedimentmodelling using state <strong>of</strong> the art numerical simulation <strong>of</strong> wavedynamics, and design <strong>of</strong> ferry piers, marinas and pontoons.With BoatU.S. Insurance,You’re Not Just A Number...BoatU.S. Member Bruce Fournier aboard“G’Day” on the Braden River in Florida.“So <strong>of</strong>ten in this day and age,customer service representativesare indifferent in their dealingswith clients over the phone. I wasextremely satisfied with the helpfuland courteous way my insuranceinquiry was handled and want tothank you for having people <strong>of</strong>this caliber available for yourinsurance customers.”—Bruce Fournier,Bradenton, FLYou’re Number One!At BoatU.S., you’ll find boating experts with the answers youneed when you call. Our knowledgeable Underwriters not onlyfind the perfect coverage for your boat and boating lifestyle,we’ll work with you to help find ways to save on your premium.And, as a Berkshire Hathaway company, you can be sureBoatU.S. will be here each and every time you need us.For a fast, free quote call 1-800-283-2883or apply online at BoatUS.com<strong>Marina</strong> Projects has provided advice on all aspects <strong>of</strong> marinadesign and waterfront development in over 20 countriesworldwide and projects include Porto Montenegro inthe Mediterranean.The 15 Most Expensive <strong>Marina</strong> Berths inthe WorldThe three most expensive marinas in the world are all locatedin Italy. This is one <strong>of</strong> the findings to emerge from aranking list compiled by Engel & Völkers. Since the companyexpanded its range <strong>of</strong> services at the end <strong>of</strong> 2007 toinclude the brokerage <strong>of</strong> top-class yachts, the globally operationalreal estate company has also turned its attentionsto the supply <strong>of</strong> attractive marinas. Based on this marketknowledge, Engel & Völkers has now produced a leaguetable for the first time ranking the 15 most expensive marinasin the world. The mooring fees charged for a 55-metresuperyacht during the high season was the variable used t<strong>of</strong>orm the basis for the ranking list, which is headed by the<strong>Marina</strong> Grande on Capri. Renting a berth for a 55-metresuperyacht here costs 2.585 euros per day during the highseason. This is followed by Porto Cervo on Sardinia withdaily rates <strong>of</strong> 2.574 euros, then the <strong>Marina</strong> di Port<strong>of</strong>ino onthe Amalfi coast with rates amounting to 2.100 euros.Berths for superyachts are a scarce goodIn addition to the location and services that a marina has to<strong>of</strong>fer, there is one pricing factor that has a particularly strongimpact on the high fees. Iñigo Nicholson, Licence Partner<strong>of</strong> Engel & Völkers Yachting Madrid and Marbella, regardsa scarce supply <strong>of</strong> berths as being the most significant pricedriver: “Yacht berths in exclusive locations are an extremelyrare and highly sought-after commodity. In a similar way toreal estate, high demand for a very limited number <strong>of</strong> spacesleads to a soaring inflation <strong>of</strong> prices.” The industry specialistis not surprised therefore that Capri makes the top spot <strong>of</strong>the ranking list <strong>of</strong> the highest priced moorings for ‘floatinghomes’. After all, the hilly isle <strong>of</strong>f the Amalfi coast only hasten yacht berths available that are large enough to accommodatethe superyachts listed by Engel & Völkers.Just behind the Italian frontrunners, in fourth place on theranking list, is Puerto José Banus in Marbella on the Costadel Sol, where yacht owners pay 2.069 euros per day. Infifth place, at 1.643 euros per day, is the Balearic marina<strong>of</strong> Ibiza Magna. In comparison with Capri, yacht ownersonly pay around half <strong>of</strong> the daily mooring fee (1.356 euros)Policies Subject to Limits and Exclusions18Around the World Continued on Page 19
Around the World Continued from Page 18in France’s most expensive marina – Port de Saint-Tropez,which comes in sixth place. This is no indication that theexclusive holiday domicile on the Côte d’Azur is any lesspopular. But Port de Saint-Tropez does <strong>of</strong>fer no less than30 yacht moorings in the size category surveyed by Engel& Völkers. Seventh place is occupied by the marina PortCamille Rayon in Golfe Juan, also located in the south <strong>of</strong>France. In the small coastal resort between Antibes andCannes, owners <strong>of</strong> a 55-metre superyacht can expect topay 1.100 euros per day. In Barcelona, the equivalent rateis slightly lower in price, costing 1.084 euros per day at the<strong>Marina</strong> Port Vell in the Spanish city.Croatia more expensive than Monaco<strong>Marina</strong>s in Eastern Europe <strong>of</strong>fer yacht berths at significantlycheaper rates compared to the Italian leaders in the ranking list.The ACI <strong>Marina</strong> in the Croatian resort <strong>of</strong> Split comes in ninthplace at a rate <strong>of</strong> 1.001 euros per day. It is followed in tenth placeby the only marina located outside Europe to make the list: TheYacht Haven Grande on the island <strong>of</strong> St. Thomas, US Virgin Islands,where owners pay a daily mooring fee <strong>of</strong> 889 euros. PortHercules in Monaco holds eleventh place at 888 euros, closelyfollowed by two Turkish marinas: Satur <strong>Marina</strong> Kalamiş in Istanbulwith a daily rate <strong>of</strong> 882 euros and Satur <strong>Marina</strong> Çeşmein Izmir at 743 euros per day. The Italian Porto San Rocco onthe Adriatic coast comes in fourteenth place at 720 euros perday, while Port de la Plaisance de Bonifacio on Corsica rounds<strong>of</strong>f the ‘list <strong>of</strong> the best’ compiled by Engel & Völkers, coming infifteenth place with a daily rate <strong>of</strong> 690 euros.“Many yacht owners are surprised that Capri is more expensivethan Porto Cervo, and that Puerto Banus charges higher pricesthan Monaco,” says Harry Peralta, Managing Director at Engel& Völkers Marbella. “Having the right budget is not enoughthough for anyone wishing to moor their yacht in these scarceberths during the high season. Most importantly, they also needto have booked months in advance,” adds Mr. Peralta, reflectingthe advice he gives clients. Mr. Peralta also explains how pricesfor the few available berths can fluctuate greatly, depending onthe size <strong>of</strong> the yacht and on seasonal events. During the annualMonaco Grand Prix in Monte Carlo for instance, mooring feessoar to unprecedented highs <strong>of</strong> several thousand euros. In addition,not all large yachts fit into every marina. Superyachts thatare more than 70 metres in length, for example, usually have toweigh anchor <strong>of</strong>f the coast.New tailwind for the yachting marketAlongside mooring fees, the high maintenance costs for asuperyacht form another particular key criteria for consideration.In addition to the berth rate, owners also have to19budget for maintenance, repair work and crew expenses.Yachting experts estimate the annual “ancillary” costs <strong>of</strong> ayacht as being 10 to 20 percent <strong>of</strong> the procurement costs.As a result, the numbers that make up the wealthy clientbase for superyachts are very limited. There is certainly activemovement on the market, as superyachts rarely stay inthe same hands for longer than a few years. The financialcrisis did cause a slump in market activity within the yachtingindustry for a short period. But since the beginning <strong>of</strong>this year, the international market is undergoing renewedgrowth and is once again on a success course thanks to asteadily rising level <strong>of</strong> demand.Camper & Nicholsons <strong>Marina</strong>s inCooperation Agreement with BR<strong>Marina</strong>s <strong>of</strong> BrazilToday, Camper & Nicholsons <strong>Marina</strong>s, the global marinagroup, and BR <strong>Marina</strong>s <strong>of</strong> Brazil, signed a Memorandum <strong>of</strong>Understanding (MoU) to cooperate in the growth <strong>of</strong> luxurymarinas in Brazil. The key purpose <strong>of</strong> the partnership is thedevelopment <strong>of</strong> C&N <strong>Marina</strong>s in Brazil, and in technologyexchange and marketing cross promotion.Antonio Carlos Lobato, Chairman and founder <strong>of</strong> BR <strong>Marina</strong>ssaid “Brazil’s continuing economic development hasled to an increasing demand for marinas and superyachtfacilities. Our customers are also seeking internationalstandards <strong>of</strong> service. We feel C&N’s unrivalled internationalexperience, and long tradition <strong>of</strong> excellence, will help usaccelerate the delivery <strong>of</strong> those standards.”Nick Maris CEO <strong>of</strong> C&N <strong>Marina</strong>s said ‘we are delightedto be working with the acknowledged leader <strong>of</strong> Brazil’smarina market. We have jointly identified certain marinaswhich could form the core <strong>of</strong> a network <strong>of</strong> C&N marinaswhich would link with our Caribbean, Mediterranean andother international marinas.’The agreement reflects the growing importance <strong>of</strong> internationalnetworks in the marina business combining variousexperiences, knowledge and skill base. BR <strong>Marina</strong>s is a longstanding operation in Brazil and there is plenty <strong>of</strong> scope forthe two companies to collaborate on many projects alongthe Brazilian coast. C&N <strong>Marina</strong>s stands to benefit from BR<strong>Marina</strong>s knowledge, experience and contacts within Brazilwhile BR <strong>Marina</strong>s gains association <strong>of</strong> one <strong>of</strong> the most renownednames in yachting, alongside the knowledge, expertiseand proven success <strong>of</strong> the C&N worldwide team.