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Mediterranean Yacht Charter
HYDRUS | From EUR€ 21,200/wk Special
25m sailing catamaran AGAVE is launched ...
Charterworld - the luxury yacht charter specialist, charterworld is a private yacht charter specialist with access the entire world's yacht charter fleet, at the best price, so get in touch..
Find out more about the CharterWorld company here or read recent client recommendations . We have every crewed luxury superyacht charter in the world, from large motor yachts to sailing yachts and crewed catamaran. For best value private yacht vacations start your holiday of a lifetime here with the company you can trust.
Summer Hot Spots 2023:
The mediterranean ... south of france | italy | sardinia | spain | croatia | greece, mykonos | greece, st tropez | france, amalfi coast | italy, dubrovnik | croatia, browse yachts by type, browse all charter yachts, motor yachts, sailing yachts, on sale: yacht specials, mediterranean specials, popular yachts, new latest yachts, feature yachts, mar | from eur€ 1,800,000/wk.
TATIANA | From EUR€ 775,000/wk
MALTESE FALCON | From EUR€ 490,000/wk
Where To Charter A Yacht?
Matching the right location for you is paramount. There are immensely interesting and diverse places all over the world to charter a crewed superyacht, but the most popular spots are:
A Mediterranean yacht charter which makes for the ultimate vacation with it’s fine culture, finer boats and beautiful azure waterways. The Med’ is an extremely varied location with many beautiful countries to visit, such as France, Italy, Sardinia, Monaco, Greece, Croatia and more.
Caribbean yacht charters are all about exotic natural islands, beautiful tropical beaches and of course luxury charter yachts. St Barts, St Martin, The Virgin Islands and Antigua draw some superb mega yachts to the Caribbean for your vacation. You can see the full list of destinations here .
We offer all the mega yachts and superyacht charters worldwide , as well as in the Mediterranean including Italy , France , Greece , Spain, Croatia , & Turkey. Additionally, we have great discounted luxury yachts , sailing and motor yachts in the Caribbean , including the Bahamas , British & US Virgin Islands, St Lucia, St Barts, Grenadines, Antigua, as well as the Pacific Northwest, the South Pacific , Asia and Australia & New Zealand and elsewhere.
Currently Popular Itineraries
CROATIA & MONTENEGRO - 14 Days
SPAIN & BALEARICS - 7 Day Itinerary
SARDINIA & CORSICA - 7 Day Itinerary
IONIAN ISLANDS & CORFU - 8 Days
All the luxury sailing and motor yacht charter boats worldwide:.
Go here to discover all the worldwide charter locations... including the Mediterranean, Caribbean, Indian Ocean, North and South America, Pacific Northwest.
Apart from The Mediterranean & Caribbean their are many other hot spots - go here for the full list.
95 meter CUSTOM | From EUR€ 1,200,000/wk
Limited Edition 242 | From US$ 750,000/wk
Luxury Yacht Builders and Designers
The world has a fantastic array of very interesting luxury yacht builders and superyacht designers . At CharterWorld we have the definitive information on the ever evolving yacht builders and designers, as well as the latest superyacht news relating to the latest new yacht designs and new build yacht launches.
Luxury Yachts: Luxury crewed superyacht charters, both power motor and sailing boats, in all the areas of the world from the Mediterranean to the Caribbean, Asia to the South Pacific, Australia & New Zealand to the Indian Ocean.
Sailing charters & vacations: CharterWorld provides full charter yacht rental sailing vacations & holidays including flights, accommodation and sightseeing. Sailing charters and sail boats from luxury catamarans to crewed boats, classic yachts as well as new ones.
Power/Motor boats: Luxury power & motor boat charter yachts are available either as crewed yachts, classic or new. They include performance open style motor yachts, right through to expedition (explorer) yachts.
For your reference, CharterWorld provides a charter and superyacht news section as well as a superyacht directory for easy access to the complete world of interesting yachts , not just luxury charter yachts. This comprehensive list is organised by the yachts naval architect designer , by year and by the country the builder launched them in.
Why CharterWorld? - The complete list of charter boats worldwide, at the most competitive prices. - Free, independent and professional advice. - Access to the latest specials and discounts in the Caribbean and Mediterranean. - CharterWorld saves time and money on any luxury yacht vacation.
New to Yachting or Superyacht Charter Vacations? If you haven’t enjoyed the advantages of this type of luxury holiday, then this section has plenty of articles about how it all works and what to expect. Of course you can also just contact us and an experienced broker will personally guide you through and explain everything. Additionally, the yachting news section keeps you abreast of developments in the industry.
Latest Luxury Yacht Charter & Superyacht News
120m Amels custom superyacht PROJECT ...
Greece Yacht Charter Special: motor ...
Luxury 28m motor yacht MRS L ready for ...
Latest yachts added to the database, mrs l | from eur€ 50,000/wk.
SPICA | From EUR€ 95,000/wk
AMBER ONE | From EUR€ 53,000/wk
ESPERANCE | From EUR€ 22,500/wk
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The Luxury Yacht Charter Fleet
We are the world's leading luxury yacht charter comparison site, view the entire market to find your ideal yacht for your fully crewed private yachting vacation..
We have searched everywhere to find all crewed rental yachts - so you don't need to. Compare the market using our powerful search engine tools to view all superyachts & megayachts as well as catamarans and luxury gulets available to rent around the globe.
View all luxury yachts available to rent in the most popular Mediterranean summer charter destinations such as the South of France , Greece , Croatia and Turkey in addition to the classic winter season cruising grounds of the Bahamas & Caribbean and all the other exotic charter locations.
Why Charter a Yacht?
From the moment you step on board a luxury yacht charter, your world is opened to the ultimate in luxury, privacy and freedom. Unlike the restrictions of a cruise ship itinerary or the inconvenience of busy hotels and restaurants, superyacht charters offer a sense of freedom and flexibility that is truly unrivalled. Tailored to the needs and desires of you and your guests, with a professional crew dedicated to creating an unforgettable experience, you are free to immerse yourself in the luxury and relaxation of fabulous accommodation, breathtaking views, gourmet cuisine and endless activities, all enveloped by the vitality of life at sea.
The comfort and opulence that accommodation on a superyacht can have to offer rivals that of the best hotels in the world, with the added element of 24 hours a day personalised service. Each individual charter yacht is different and offers a wide range of amenities onboard. From movie theatres, spas and private beachclubs to jet skis and scuba diving equipment, along with an experienced crew that could include anyone from award-winning Chefs to qualified beauty therapists, there is the perfect excuse to indulge or try something new. No-where else in the world can you experience watching a multi-coloured sunset from a top-deck Jacuzzi in the tranquillity of the vast, open ocean before enjoying al-fresco dining with your family and friends under an endless star-strewn night sky.
Whether you're a true sailing enthusiast looking for maritime adventure or just looking for a luxurious and comfortable vacation that caters to the needs of all your family and friends, a luxury yacht charter offers something for everyone with limitless possibilities.
Why YachtCharterFleet?
You won't find another site quite like us - here's why:
- YachtCharterFleet was the first independent comparison site to focus on showing you the whole market
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YachtCharterFleet has one simple aim: making sure you get exactly what you need with less hassle, and less time.
Our mission is to help you get exactly the holiday you need.
The entire global charter fleet*
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Black Pearl
105m Oceanco
Renaissance
REV Ocean 28
195m 2025
Golden Horizon 274
162m Brodogradevna Industrija Split
162m 2021
Flying Fox 22
136m Lurssen
136m 2019
from $4,342,000 p/w eek ♦︎
126m Lurssen
126m 2003/2021
from $2,200,000 p/w eek
122m Lurssen
122m 2024
from $3,000,000 p/w eek
115m Lurssen
115m 2021
from $2,822,000 p/w eek ♦︎
Renaissance 36
112m Freire Shipyard
112m 2023
108m Benetti
108m 2019
from $1,954,000 p/w eek ♦︎
107m Olympic Yacht Services
107m 1997/2022
from $2,171,000 p/w eek ♦︎
Black Pearl 14
105m Oceanco
105m 2018
Christina O 34
99m Canadian Vickers
99m 1943/2020
from $763,000 p/w eek ♦︎
Carinthia VII 12
97m Lurssen
97m 2002/2023
from $1,525,000 p/w eek ♦︎
97m Feadship
97m 2017/2022
from $1,743,000 p/w eek ♦︎
CC-Summer 12
95m Lurssen
95m Golden Yachts
from $1,194,000 p/w eek ♦︎
from $1,303,000 p/w eek ♦︎
93m Feadship
92m Nobiskrug
92m 2000/2023
from $1,035,000 p/w eek ♦︎
Aquarius 12
92m Feadship
from $1,500,000 p/w eek
Queen Miri 36
92m Neorion
92m 2004/2023
from $1,079,000 p/w eek ♦︎
Moonlight II 36
91m Neorion
91m 2005/2020
from $703,000 p/w eek ♦︎
Tranquility 22
92m Oceanco
92m 2014/2023
from $1,100,000 p/w eek
Lady Lara 12
91m Lurssen
91m 2015/2023
from $1,400,000 p/w eek
90m Corsair Yachts
90m 2007/2021
from $497,000 p/w eek
Phoenix 2 12
90m Lurssen
90m 2010/2024
from $1,000,000 p/w eek
90m Royal Huisman
90m 2004/2024
from $326,000 p/w eek ♦︎
90m Oceanco
90m 2018/2024
Lauren L 36
90m Cassens-Werft
90m 2002/2008
from $754,000 p/w eek ♦︎ *
89m Oceanco
89m 2015/2023
Maltese Falcon 12
88m Perini Navi
88m 2006/2023
from $490,000 p/w eek
Project X 12
88m Golden Yachts
from $1,198,000 p/w eek ♦︎
88m Schichau Unterweser
88m 1969/2020
from $490,000 p/w eek ♦︎
86m Oceanco
from $550,000 p/w eek ♦︎
86m Scheepswerf Gebr. van der Werf
86m 1998/2024
from $539,000 p/w eek ♦︎
Man of Steel 12
86m 2010/2023
86m Derecktor Shipyards
86m 2010/2021
from $945,000 p/w eek
86m Abeking & Rasmussen
86m 2009/2022
from $926,000 p/w eek ♦︎
86m 2010/2018
from $1,248,000 p/w eek ♦︎
85m SilverYachts
from $953,000 p/w eek ♦︎
Wanderlust 12
from $960,000 p/w eek
85m Lurssen
Grand Ocean 12
85m Blohm + Voss
85m 1990/2019
from $703,136 p/w eek
Meridian A 12
85m 2011/2019
O'Ptasia 12
85m Golden Yachts
85m 2018/2022
from $980,000 p/w eek ♦︎
Solandge 12
85m 2013/2022
from $1,086,000 p/w eek ♦︎
Victorious 12
85m Ak Yachts
from $868,000 p/w eek ♦︎
Le Ponant 32
84m 1990/2022
from $496,000 p/w eek ♦︎
Savannah 12
84m Feadship
84m 2015/2020
83m Golden Yachts
83m 2004/2022
82m Abeking & Rasmussen
82m 2015/2021
Alfa Nero 12
81m Oceanco
81m 2007/2021
from $728,000 p/w eek *
81m Feadship
81m 2011/2017
from $1,008,000 p/w eek ♦︎
Sea Eagle 10
81m Royal Huisman
81m 2020/2022
from $597,000 p/w eek ♦︎
Elements 12
80m Yachtley
from $872,000 p/w eek ♦︎
80m Oceanco
80m 2007/2019
from $844,000 p/w eek ♦︎
80m Columbus Yachts
Excellence 12
80m Abeking & Rasmussen
from $1,150,000 p/w eek
80m Bilgin Yachts
from $841,000 p/w eek ♦︎
from $977,000 p/w eek ♦︎
SS Delphine 26
79m Great Lakes Ew
79m 1921/2016
from $436,000 p/w eek ♦︎
Amaryllis 12
78m Abeking & Rasmussen
78m 2011/2022
from $770,000 p/w eek
78m Golden Yachts
78m 2023/2024
from $817,000 p/w eek ♦︎
from $480,000 p/w eek
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YachtCharterFleet makes it easy to find the yacht charter vacation that is right for you. We combine thousands of yacht listings with local destination information, sample itineraries and experiences to deliver the world's most comprehensive yacht charter website.
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How to Charter a Superyacht
Navigating the world of yacht charters can be tricky; our guide breaks down what you need to know.
By Kim Ayling
With privacy and flexibility remaining high on UHNW’s vacation checklist, chartering a superyacht is more appealing than ever. Picture, your own boat, a dedicated crew, a fully customizable route and a select group of your nearest and dearest – what could be better? However, the world of private yacht chartering can be as elusive as it is luxurious, making hiring your own boat a tricky process – especially for first-timers.
From the pros and cons of enlisting the help of a broker and choosing the perfect vessel, to understanding when to book and planning your itinerary – not to mention the all-important question of how much it costs to charter a luxury yacht – there are plenty of hurdles before you reach the water. To help you and your guests enjoy a worry-free vacation out on the ocean, we has compiled a comprehensive guide to chartering a superyacht.
[See more: How Much Does it Actually Cost to Charter a Yacht?]
What is a yacht charter?
If you’re new to the world of yacht chartering, even the language can be alienating. A yacht charter is the process of exclusively hiring a yacht for yourself and your guests.
While most charters are for leisure, be it with friends or family, some individuals and companies choose to hire a yacht for business-related reasons, with the undivided service and uncompromised privacy making boats an excellent place to hold meetings and conferences, while simultaneously impressing clients.
The length of a yacht charter depends entirely on your needs; some choose to book for a long weekend or even just a matter of hours if hosting a meeting, whereas others opt for an extended vacation and may charter a yacht for several weeks or even months. Regardless of duration or motive, privately hiring a yacht is always considered a charter.
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[See also: The Best Luxury Yacht Builders in the World]
What is a yacht charter broker?
Using a broker to charter a yacht is at your discretion; however, if it is your first time chartering, using a broker is highly recommended – especially when hiring a larger-than-life superyacht. Yacht brokers will draw on a large network of connections and extensive industry knowledge to help find the best vessel for your unique requirements, as well as the best price.
Once you’ve had an initial consultation, a broker will typically offer a selection of yachts that suit your needs and help you make a final decision. From here, the yacht broker will handle the entire booking process, from securing the initial boat booking to planning each element of your onboard itinerary, including docking points. A reputable yacht charter broker will also be available to contact throughout the duration of your time on board, giving you and your guests complete peace of mind.
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[See also: German Shipbuilder Lürssen Delivers 400-ft Yacht Kismet ]
Occasionally, first-time charters mistakenly think that booking directly will shave some digits off the total cost, but it actually falls on the yacht owner/charter company to pay the broker fees – not the charterer. In fact, you will often find that a broker will rely on their insider connections to secure the best deal for their clients.
When it comes to choosing a yacht broker you have plenty to choose from, but names like Burgess , Fraser and Northrop & Jonson dominate the superyacht realm. Some people opt for a freelance yacht charter broker, but we’d suggest only heading down this route if you have a pre-existing relationship or they come highly recommended by someone you trust. You should also ensure that any broker you work with is a member of the MYBA Worldwide Yachting Association.
[See more: Top 10 Explorer Yachts in the World]
How to choose a yacht
While your yacht broker will do the hard work when it comes to choosing a yacht, calling upon their wide boat knowledge to present a selection of yachts to you, to be able to do this properly they will need a solid understanding of your preferences, requirements and budget.
The key things you should consider when chartering a superyacht are: the number of guests you want to bring on board (remember the legal limit for most yachts is 12 overnight guests, including personal staff); whether or not the yacht needs to be child-friendly, the amount of indoor/outdoor space you’d like on board; where you’d like to travel; and the onboard amenities you’d like – for example, is an indoor swimming pool a priority or does a dancefloor sound more appealing?
The type of yachting vacation you’re seeking is also important when choosing a boat. For intrepid travelers with a taste for adventure, a sturdier explorer yacht such as Silver Yachts’ Bold or Ragnar by Royal Niestern Sand would be more suitable than a classic yacht, designed for luxury and comfort.
However, if it is your first time chartering a superyacht, don’t feel concerned about going in clueless – your yacht broker will be able to guide you through every step of choosing a vessel.
[See also: The Great Edventure: The Best Educational Charter Yachts]
Bareboat vs skippered superyacht charter
When chartering a luxury yacht, you will sometimes be given the choice between a ‘bareboat’ or ‘skippered’ charter – bareboat being a crewless charter and skippered including a full complement of staff. However, you will find that when verging into superyacht territory, all charters are skippered for both your safety and comfort.
Typical crew members will include a captain, engineer, second and third officers, bosun, chef, chief stew, and one or more stewards. Your broker can help explain the roles of each, as well as support with hiring additional crew members.
For example, if you have a taste for adventure, ensure that there is a watersports instructor within the crew. Looking for a more relaxing onboard experience? Ask your broker to look into securing a masseuse for your journey.
When to book a superyacht charter
When to begin booking a yacht charter is an important question. Leading charter company Northrop & Johnson recommends reaching out to a broker no later than 10 months in advance if you want to travel during peak times (July and August in the summer season, Christmas and New Year during winter), and three to six months ahead for quieter periods. However, with popular yachts booking up as much as a year in advance, it’s advisable to reach out to a broker at least 12 months ahead of time if you have specific boat or date requirements.
When booking in advance, remember that local events will heavily impact availability. For example, if you’re planning a European tour, take note of events such as the Cannes Film Festival and the Monaco Grand Prix when both vessels and docking spaces will be in high demand.
[See also: Burgess Yachts Reveals Marine Conservation Program]
How much does it cost to charter a superyacht?
It’s no secret that yacht charters are expensive, with many first-timers unprepared for the hidden costs. It’s generally accepted that the biggest price indicator of a yacht charter is boat size – so if you’re heading into superyacht territory, expect an impressive fee.
However, other factors will impact the cost of chartering a superyacht , such as crew reputation, ship design and the age of the vessel. For example, Fraser Yachts offer a week on the 298.5-ft Moonlight II which was first built in 2005 from €750,000 (approximately $815,000), but prices for the 278-ft Solandge, which was built in 2013 and refitted in 2019, begin at €1m ($1.1m) per week.
Although some charter costs are inclusive, meaning expenses such as captain and crew, fuel, food and drink are included, you’ll find that a ‘plus expenses’ charter is more common. With such charters, only the crew and ship are included in the price, an ‘Advance Provisioning Allowance’ (APA) is used to cover the necessary extras and is usually around 30% of the weekly charter fee. What the APA doesn’t cover, however, is crew gratuity which, although given at your discretion, is very much expected, with the going rate around 15-20%.
To avoid tarnishing your vacation with unexpected fees and charges, ask your broker for a full price breakdown beforehand, including any potential docking fees and additional taxes.
[See more: These are the 10 Biggest Superyachts in the World]
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The Advance Provisioning Allowance (APA) is due at the time of the final charter payment. Under MYBA terms, this sum is usually equivalent to 30 per cent of the total charter fee, but may be up to 40 per cent in some cases.
Intended to cover the operating expenses of a charter as explained under Charter Terms, such as fuel, food, drinks, port fees and ad hoc incidentals, the APA will be given to the captain before the start of your charter. The Captain will ensure that the yacht is fully fuelled and provisioned when you step on board. While an up-to-date summary of accounts can be requested at any time during your charter, a full set of accounts will normally be submitted by your captain at the end of the cruise. If, during the charter, the expenditure exceeds the sum already paid, additional cash funds will be required at once.
All outstanding bills from the yacht charter should be settled in cash or by bank transfer before your final disembarkation. Of course, any remaining credit at the end of your charter will be reimbursed to you in full. On request, transfer arrangements to and from the yacht can be made by Burgess or by the yacht’s captain, payment for which will be deducted from your APA.
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Discover the Burgess difference
Charter a luxury yacht with Burgess. We are trusted for our expertise, and it is the first-hand insights of our charter brokers that raise the bar. Our collective knowledge serves to make your superyacht charter experience exceptional. Explore our stunning collection of luxury yachts for rent or hire and speak to our experts about chartering a private yacht to your dream destination.
Privileged access to the world’s finest charter yachts
Every charter yacht in the Burgess fleet is unique, from interior design and on board facilities, to watertoys and impeccable service. We rigorously inspect every yacht to ensure that when you find your ideal match, it exceeds every expectation.
A wealth of knowledge to enhance your experience
A superyacht charter offers life-affirming adventure and little can compare to a tailor-made experience orchestrated by your Burgess broker. By accommodating both your preferences and requirements, no detail is left to chance.
Personalised service that goes above and beyond
Burgess charter brokers are involved well beyond the booking stage. We share our intelligence on the best itineraries to suit you, organise private jet transfers, on board celebrations, luxury boat hire, restaurant bookings, spa treatments, fitness instruction and more.
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Creating a unique yacht charter experience starts with you. On board, the possibilities are endless – all you have to do is realise them.
A honeymoon yacht charter is the perfect getaway after your wedding. You and your spouse can settle down to spend some quality time together on board, as your private boat heads toward your dream destination. Relax on a Caribbean beach with a cocktail in hand, or discover the wonders of Thailand together. The choice is yours.
Tempted by a summer yacht charter? Set sail for the Mediterranean , where you can unwind in one of Ibiza ’s famous wellness retreats, or explore the iconic pink streets of Saint-Tropez . Greece also makes the perfect destination for an explorer yacht charter holiday, thanks to its abundance of islands. Perfectly blending beautiful coastlines, sunsets and sites of antiquity, you’ll be well on your way to an indescribable Greek adventure.
If it’s cooler climes you’re after, don’t panic. Alaska and Antarctica are both popular destinations for expedition yacht charters that are filled with thrills. Try heli-skiing and hiking, kayaking through icebergs or experiencing them from below in a submersible, before warming up on board your luxury winter yacht charter.
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Lovely family yacht with great deck spaces, a large sunpad on aft and forward sunloungers
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Welcome to Privé Yachts, your personal super yacht and mega yacht charter professionals.
Privé Yachts is a luxury yacht charter company that specializes in crewed super and mega yacht charters worldwide. Our professionals have access to over 1,500 available yacht charters around the globe, ensuring that our clients are matched with the best possible yachts to suit their needs. So whether you are seeking the adventure of a sailing yacht or the opulence of a mega yacht charter, the perfect luxury vacation can be created in just a few easy steps.
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Begin your charter selection by browsing Privé Yachts’ collection of superyachts, megayachts, sailing yachts and catamarans available in hundreds of destinations. Then contact your personal Privé Yachts charter expert who will assist you with every aspect of your yacht charter experience. Agents are available 24 hours a day to work directly with you and the captain to create custom itineraries, provide 5-star dining, and even offer concierge services before and after your trip. The perfect holiday aboard a luxury crewed yacht will be created according to your exact specifications. Only private yacht rental allows you to travel to the most breathtaking destinations in the world while enjoying 5 star luxuries in privacy of your own floating palace.
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In addition to yacht charter expertise, Privé Yachts also specializes in all aspects of luxury travel. A charter agent will gladly lend their professional advice upon request. Whether you require concierge services or a tailor-made charter itinerary, Privé Yachts is here to help mitigate some of the more tedious aspects of preparing the perfect holiday at sea.
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Whether you wish to travel to the Caribbean for the winter season, Monaco for the Grand Prix or revel in the beauty of the Maldives, we are here to deliver the best possible yachting experience. So remain in the height of luxury even in the most exotic of destinations because with Privé Yachts, the world is truly yours.
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Since 1949, Northrop & Johnson has remained the authority on yachting and is recognized as the leading global yacht brokerage offering 360-degree yachting services in the purchase, sale, management, construction and charter of superyachts and luxury boats over 98′ (30m). We are devoted to delivering extraordinary services and world-class experiences for our clients.
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The global megarich are paying up to $2 million a week for superyacht rentals but smaller boat charters are down
Sales of luxury yachts may be down but the world’s megarich have found another, more instantaneous way to get their high seas kicks — chartering a swanky boat instead.
Total chartered days for yachts longer than 50 meters has increased since 2020, according to IYC , a global firm specializing in the sale and charters of luxury yachts. Vessels between 60 to 70 meters posted the most growth last year, at 10%, whereas shorter yachts aren’t nearly as popular as before.
IYC Chief Executive Officer Raphael Sauleau said he’s seeing more customers willing to pay a higher premium for the ultimate ocean experience. Clients are willing to pay more for a so-called advanced provisioning allowance, which covers on-board expenses like food and service, of up to 40% compared to the standard 30% of the total charter fee, he said.
New customers are coming to yachting “with an appetite for larger yachts,” Sauleau said. Compared with smaller vessels, these floating villas come with more privacy, better facilities and a larger crew. A bigger range of large models that’s become available over the past three years has also contributed to higher bookings, he added.
Fraser Yachts , a major international broker, is experiencing a similar phenomenon, receiving 7% more charter bookings for yachts over 60 meters in 2023 versus prior years. Across yachts of all sizes however, the number of charter days reported last year was 19% down on 2021.
It’s a quirk that would seem to chime with the trend of super luxury brands defying a broader luxury slowdown. Hermes International SCA, for example, saw Chinese buyers snap up its products . Hermes typically caters to the most affluent customers, making it more resilient in a challenging luxury goods market.
At the same time, sales of floating palaces are waning, the Superyacht Times said in a report in March. Sales of superyachts, generally defined as boats longer than 30 meters, contracted 20% in 2023 from 2022 and are well down on 2021, when many rich people splurged on boats to travel in a safe and exclusive way.
Stacy Fischer-Rosenthal , the president of luxury travel and lifestyle consultancy Fischer Travel Enterprises, said she’s expecting to help clients charter at least 10 yachts this year. Most of the interest is around megayachts — or yachts above 60 meters — and prices range from about $700,000 to $2 million a week, she said.
Wealthy people may be shying away from outright purchases due to geopolitical worries and global conflicts.
Fear of more widespread fighting in the Middle East and Russian’s war in Ukraine “seem to make some buyers nervous, particularly those in the market for very large new builds,” the Superyacht Times said.
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Billionaires like Jeff Bezos and Mark Zuckerberg spend six figures a year maintaining their superyachts. Here's how.
- Superyachts are one of the most expensive assets money can buy.
- The true cost of ownership is even more, adding up to millions a year.
- Here's how much it costs to own a superyacht — and what that money is going toward.
Financial advisors are quick to warn prospective owners that a boat is nothing more than a hole in the water in which to throw money. When it comes to superyachts , you'd better have bags and bags of cash.
As one luxury agent told Business Insider at the Palm Beach International Boat Show: "Buying a boat, it's a huge purchase — and nobody needs a yacht."
A superyacht, generally over 30 meters long, is one of the most expensive assets money can buy, with the largest costing more than a lot of real estate or a private jet. Billionaires like Jeff Bezos, Mark Zuckerberg, and Steve Jobs each spent nine figures on their megayachts.
That doesn't include operating costs. Owners should expect to pay about 10% of a yacht's new-build price each year, experts told Business Insider. That's tens of millions of dollars annually for the most luxurious boats.
"It's a small-to-medium-sized business in its own right," said Jeffrey Beneville, a senior vice president at insurance company NFP, where he specializes in consulting clients about yachts.
Unlike many smaller boats, superyachts need staff, not just a captain. Some superyachts have space for dozens of crewmembers , including a chef, engineer, and masseuse for the guests onboard. Each gets an annual salary — the highest-ranking members earn six figures — and benefits. Eric Schmidt's yacht fits a crew of 28 for a ratio of about two crewmembers per guest.
Then there's fuel, dockage fees, routine maintenance, and insurance. The latter hinges on everything from the reputation of a yacht's shipyard to where an owner wants to take it (if a vessel is taking frequent trips to the South China Sea, for example, expect to pay a higher premium). If a superyacht has a support yacht — or a support superyacht, in Bezos ' case — expect to pay another 10% of that boat's price annually.
"The cost to maintain a yacht is so high that they just think that money's getting lit on fire," Matthew Fleissig, the CEO of wealth management firm Pathstone, told BI of his clients who choose to charter rather than own.
One of his firm's clients who does own has a 23-meter yacht valued at $5.2 million. The annual cost to staff, maintain, dock, and insure the boat is $346,297, according to documentation provided to BI. The lion's share is spent on marina fees ($95,970) and maintenance work ($88,408.) While not exactly a Sunfish, that boat is too small to count as a superyacht.
At 106 meters, the Amadea, owned by a sanctioned Russian oligarch , definitely does. The $300 million yacht, which was seized in 2022 and is docked in San Diego, cost $922,000 a month to maintain, a court filing showed: $360,000 for crew salaries, $75,000 for fuel, $144,000 for insurance, $178,000 in dry-docking fees, and $165,000 for maintenance, waste removal, food for the crew, and miscellaneous expenses.
"And that's an inactive yacht that's in the water," NFP's Beneville said.
If it were operational and carrying guests, the costs would be about twice that, or between $20 million and $30 million a year, he added.
Of course, it makes more financial sense for the non-obsessives to charter, and many of Fleissig's clients do. And some owners choose to offer their yachts for charter — the most luxurious cost as much as $1 million a week — to offset the costs.
"If you charter the boat for 50 days a year, it's going to help a lot," Anders Kurtén, the CEO of brokerage firm Fraser Yachts, told BI.
Then again, the running costs don't matter as much at a certain point. "If you're worth $30 billion, it's nothing. And if you're worth $117 billion — and these are the guys we're talking about — they're in it as long as it's still enjoyable for them," Beneville said. "It's not a money thing."
Watch: Why South Sea pearls are so expensive
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Orcas again sink yacht near Strait of Gibraltar as high-risk season looms
Two people were rescued after orcas hit the roughly 50-foot Alboran Cognac 14 miles off the coast of Morocco, the 26th orca encounter in the region this year.
The boat-sinking orcas are back.
Around 9 a.m. Sunday near the Strait of Gibraltar, two people on board the roughly 50-foot Alboran Cognac reported blows to the vessel’s hull and saw damage to the rudder as water flowed into the ship, Spain’s maritime rescue agency said.
An unknown number of killer whales had struck again, after hundreds of such encounters in recent years.
Over the radio, responders told the two individuals to put on their life jackets, make sure their GPS locaters were turned on and prepare for emergency evacuation. In the meantime, Spanish and Moroccan rescue agencies began urgently working to save them, locating a nearby oil tanker and electing not to dispatch a helicopter.
After about an hour, that tanker rescued the pair 14 miles off Cape Spartel in northern Morocco, the Spanish Maritime Safety and Rescue Agency (SASEMAR) said in a news release. The boat was left adrift and soon sank.
Spain-based Alboran Charter confirmed its ownership of the sunken vessel and said the individuals were customers. The company declined to say more about what happened or who the clients were.
Iberian orcas sinking a ship is not new. Over the past four years, at least 15 orcas have interacted with hundreds of boats sailing in the waters off Portugal, Spain and Morocco, sinking a handful of vessels in seemingly coordinated ambushes. Some ships have been found with teeth marks; others appear to have been rammed by an orca’s head or body.
On average, there have been 168 interactions each year since 2020, according to Grupo de Trabajo Orca Atlántica, or GTOA, a research group studying the region’s killer whales. GTOA has tracked 26 interactions so far this year, down from 61 through a similar time frame in 2023.
It’s not clear why the orcas have recently bumped, bitten and sank vessels. Some scientists say they are simply being playful, or maybe are curious, or perhaps are coming after boats because of a loss of prey. A handful say the actions could actually be gratifying to the whales.
A leading theory, though, is one of vengeance.
This idea, advanced by a scientist who has studied the encounters, posits that a female orca suffered a traumatic run-in with a boat that led her to start attacking the vessels. And because orcas are intelligent marine mammals that learn behaviors like hunting together, others followed.
But there is disagreement over this theory.
Some scientists argue that the incidents shouldn’t be called “attacks” without knowing the whales’ motives. They fear that label could prompt retaliation by boaters, calling it potentially “harmful” to the critically endangered species with just a few dozen members.
“Science cannot yet explain why the Iberian orcas are doing this, although we repeat that it is more likely related to play/socialising than aggression,” a group of more than 30 scientists wrote in an open letter last summer. “ … When we are at sea, we are in the realm of marine life. We should not punish wildlife for being wild.”
The letter explained that orcas have been observed developing “cultural ‘fads,’” including carrying dead fish on their heads, and the incidents with the boats may be nothing more than a “fashion trend.”
SASEMAR warned that the risk of the encounters is highest between May and August, recommending that boats avoid the area between the Strait of Gibraltar to the Gulf of Cádiz to its west. It added that if a boat comes across orcas, it should not stop moving, and instead should head toward the coast and shallower waters. People should not approach the side of the boat and are barred from using measures that could injure or kill the whales.
“It is possible the behaviour, as previous fads have,” the scientists wrote, “will disappear as suddenly as it appeared.”
Michael Cohen testifies in Trump trial and orcas sink yacht off Spain: Morning Rundown
Michael Cohen could face cross-examination today in former President Donald Trump's hush money trial. A Jan. 6 rioter and a Capitol Police officer are on the ballot today. And a woman is working to regain movement after she said a punk rocker's stage dive left her seriously injured.
Here’s what to know today.
Michael Cohen returns to the stand to detail hush money payment
Donald Trump’s longtime fixer and lawyer Michael Cohen is back on the witness stand today in the former president’s hush money trial. Cohen is expected to delve into payments he said he received from Trump in return for hush money paid to adult film actor Stormy Daniels in the final days of the 2016 presidential campaign.
At the heart of yesterday’s testimony was a running theme: that Trump was personally aware of every step in the payments both to Daniels and former Playboy Playmate Karen McDougal — an allegation that prosecutors had failed thus far to show. Cohen told the jury that Trump directly authorized him to pay Daniels $130,000. Cohen said that he then paid Daniels with his own money, and that Allen Weisselberg, the former CFO of the Trump Organization, devised a plan to form an outside shell company to repay Cohen in installments that were listed as being for legal services provided under a retainer agreement. Cohen testified that no such retainer existed. Read more highlights from Day 16 of the trial.
The defense, for weeks, has sought to puncture Cohen’s credibility with the jury, and witnesses have painted him as hot-headed, self-interested and untrustworthy. Expect more of that when cross-examination begins, as early as today. Here’s what else is in store today.
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More Trump trial news:
- Trump risks jail if he attacks witnesses in his hush money trial. But his allies don’t, and they’re increasingly launching the broadsides that Trump can’t.
Troop movement seen by U.S. suggests Israel could expand Rafah operations soon
The U.S. has seen recent troop movement on the edge of Rafah, a city in southern Gaza, that indicates Israel could expand operations there soon, according to two officials. However, it is unclear whether Israel has made a final decision about when and how to proceed. It is also unclear whether a larger incursion into Rafah would be days or weeks away.
The U.S. continues to urge Israel not to go “smashing into” Rafah in a major offensive and to ensure appropriate humanitarian precautions, the second official said. Here’s what else we know.
Jan. 6, Senate matchups and party fights: What to watch in tonight’s primaries
Voters head to the polls in four states today for primaries that will set up key Senate races and settle other intraparty battles, including a race that features a Jan. 6 Capitol rioter and another featuring a police officer who battled the rioters that day. Maryland, West Virginia and Nebraska are holding primaries, and North Carolina is holding runoffs for races in which candidates didn’t win a majority of the vote in its March primaries.
Trump’s endorsement is on the line in West Virginia, where he shaped the race to succeed retiring Democratic Sen. Joe Manchin. And Trump is sure to notch two endorsement wins in North Carolina, where two of his preferred House candidates are the only ones left standing.
On the ballot tonight is a familiar face for those who watched the testimony during the House’s investigation into the Jan. 6 attack on the U.S. Capitol: former Capitol Police Officer Harry Dunn, who is running in Maryland’s 3rd District. A Jan. 6th rioter, who pleaded guilty to a felony count of civil disorder, is posing a far-right challenge to congresswoman Carol Miller from West Virginia.
Polls close at 7:30 p.m. ET in West Virginia and North Carolina, 8 p.m. ET in Maryland and 9 p.m. ET in Nebraska. Here are four things to watch.
Caitlin Clark ahead of her WNBA debut: ‘Soak in the moment’
All eyes will be on Caitlin Clark this evening when the biggest star of women’s basketball makes her pro debut. Clark’s Indiana Fever takes on the Connecticut Sun, where a sold-out crowd (and a national television audience) will witness the start of a new era for women’s sports. No women’s basketball player had previously received the kind of attention and adulation as Clark, the two-time national player of the year out of Iowa and college basketball’s all-time leading scorer.
“This is what you’ve worked for and dreamed of, and now you get to put your jersey on for the first time and go out there and play. More than anything, just soak in the moment,” Clark told members of the media over the weekend.
The WNBA is hopeful that Clark’s star appeal will translate to the pros, and it seems some changes are already afoot . For the first time (and not so coincidentally), women’s teams will fly charter for all games. And Commissioner Cathy Engelbert said the league is eyeing a monster TV deal next year.
On the eve of Clark’s pro debut, Iowa women’s basketball coach Lisa Bluder announced her retirement after 24 years leading the Hawkeyes.
Russian political shake-up hints at Putin’s true focus
The removal of Sergei Shoigu as Russia’s defense minister is the most dramatic shake-up of the country’s military leadership since the war with Ukraine began more than two years ago. And, according to observers of the Kremlin, it shows that President Vladimir Putin is ready for a long fight with Ukraine and its Western allies.
Shoigu isn’t gone completely. He has been appointed secretary of Russia’s national security council, replacing another Putin ally who will be appointed to a new job that has yet to be announced. (Putin rarely fires people in his inner circle outright.) Replacing Shoigu will be 65-year-old Andrei Belousov, a civilian economist whose “unexpected but logical” appointment could offer insight into Putin’s war plans . With the war in its third year, the Kremlin needs to fully militarize not just Russian society, but also the country’s economy, analysts said.
Orcas sink yacht off Spain’s coast
An unknown number of orcas have sunk a yacht after ramming it in Moroccan waters in the Strait of Gibraltar, Spain’s maritime rescue service said yesterday, a new attack in what has become a trend in the past four years. The vessel, Alboran Cognac, which measured 49 feet in length and was carrying two people, encountered the highly social apex predators, also known as killer whales, on Sunday, the service said.
Those on board reported feeling sudden blows to the hull and rudder before water started seeping into the ship. After they alerted the rescue services, a nearby oil tanker took them onboard and transported them to Gibraltar.
The yacht was left adrift and eventually sank. The incident is the latest example of recurring orca rammings around the Strait of Gibraltar, which separates Europe from Africa, and off the Atlantic coast of Portugal and northwestern Spain.
Woman recalls stage dive that left her severely injured
A 24-year-old woman is working to regain function in her fingers and toes after a singer’s stage dive at a punk rock concert left her severely injured. In an exclusive interview, Bird Piché detailed what she felt as Trophy Eyes frontman John Floreani leaped backward into the audience at the April 30 show — and onto Piché. “It was like his body and my neck,” she said. Her family said she was paralyzed when she went to the hospital but has since regained basic movements of her arms and legs. “I have a long road ahead, but I’m very optimistic right now,” Piché said. Read the full story here.
Politics in Brief
Tax hikes for China: President Joe Biden will announce today that his administration is raising tariffs on $18 billion of Chinese exports, including electric vehicles, a move that escalates what economists see as a volatile trade war in the U.S. and China’s race for supremacy.
Abortion rights: The Arizona Supreme Court granted a request to delay enforcement of the state’s 1864 near-total abortion ban, narrowing the window that the law could be enforced, if at all.
‘Forever chemicals’ vote: San Francisco is poised to vote tonight to become the first U.S. city to ban so-called “forever chemicals” in protective equipment for firefighters. Nearly all firefighters’ uniforms contain these chemicals despite their links to health problems.
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Staff Pick: Instead of poker, try ‘throwing eggs’
With American investment receding amid U.S.-China tensions, Chinese financial professionals are looking closer to home for business opportunities — and learning a homegrown card game favored by local government officials who hold the purse strings. Guandan, a four-person game that translates to “throwing eggs,” has eclipsed Texas Hold’em as the must-have social skill for those looking to close deals. NBC Asia Desk fellow Larissa Gao and intern Cheng Cheng explore the rise of the game .
— Jennifer Jett, Asia digital editor
In Case You Missed It
- Dali, the container ship that caused the collapse of a major Baltimore bridge in March, was freed by a controlled blast that also dismantled the span of the roadway. See video of the demolition.
- At least two people died as severe weather hit Louisiana overnight , with storms and tornadoes bringing devastation to southern states.
- Does a six-week break from Facebook and Instagram affect your politics? A study of 35,000 people found: not really.
- One of Kendrick Lamar’s Drake diss tracks landed at the top of Billboard’s Hot 100 .
- Prince Harry and Meghan’s Archewell Foundation has been found delinquent over unpaid fees.
Select: Online Shopping, Simplified
When shopping for carpet cleaners, experts say to consider portability, heat and suction capabilities, various attachments and a solid warranty. Here are the best carpet cleaners for keeping your floors clean and stain free.
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