super yacht hong kong

Russian oligarch's luxury yacht departs Hong Kong port

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Reporting By Greg Torode and Donny Kwok in Hong Kong; Editing by Raissa Kasolowsky

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U. S. Secretary of State Antony Blinken will visit the Middle East this week, aiming to reach a ceasefire agreement between Israel and Hamas, and secure the release of hostages held by the Palestinian militant group.

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Visiting Yachts

Testimonial, welcome to hong kong.

Enjoy the quintessential Hong Kong experiences of endless shopping, big-city nightlife and delicious dim sum, but save time for other activities. Ride a double-decker tram past neon signs in English and Cantonese. Board a harbor cruise or head up to Victoria Peak to see vistas of lush green mountains and skyscrapers lining the coast. Spend the day on Lantau Island or at Hong Kong Disneyland or Ocean Park. Relax on the beach. And don’t forget to take in Hong Kong’s spectacular night views.

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Some recommendations for day trips on the water are described below. Combining boating and land based sightseeing in any trip is what makes Hong Kong so special as a superyacht destination.

The different islands are all connected by local ferries which is a must do in itself. None of the distances are far and public transport and taxis are readily available and every island has helicopter access.

Anchor off in any of the multiple protected bays of the following islands which offer simple seafood restaurants:

• Lamma Island – opposite Aberdeen; two bays with restaurants connected by a pleasant hike
• Lantau Island – with high mountains, beautiful trails and long beaches where you can indulge in kite surfing, eating, visiting local villages and the big bronze buddha (and airport)
• Peng Chau Island – a horseshoe island steeped in local tradition
• Cheung Chau Island – with its many local fishing boats and shipyard, it is famous for its bun festival with friendly local fishing folk. Cheung Chau hosts an eclectic variety of inhabitants including San
• San Lai Island – the Olympic windsurf champion who has a school here.
• Po Toi Island – a hangout for the local sailors where the sea is very blue due to the start of the South China Sea
• Sai Kung Island – hidden up in the stunningly beautiful north east territories, now a bustling little city in itself, looks like Saint Tropez some 15 years ago with local pleasure junks coming and going. Along the pubic quayside you can choose your own live fish to be prepared for you.

Hong Kong is famous for its hiking trails and there are numerous monasteries, waterfalls and historical places of interest. For the geologists there are outstanding rock formations on the Nine Pin Islands.

During any given weekend, the three major yacht clubs organise various sail races for big and small boats in at least 2 distinct areas: Middle Island, Hebe Haven and most weekends in Victoria harbor as well.

Day Trip Suggestions

Day 1 Try the Central and Western district walk which will lead you through Hong Kong’s most famous art galleries near Hollywood Rd. and Man Mo Temple. Remember to catch a ride on the longest escalator in town, linking Central to Mid-levels. Round up the evening with a cruise through Victoria Harbour whilst enjoying ‘A Symphony of Lights’.

Day 2 – Lantau island Visit the biggest Buddha with Ngong Ping Cable Car, Cheung Chau Island (Lunch), Cocktails in one of the art galleries.

Day 4 – Trip to Macao Portugese History, Circle du Soleil or Dancing on Water Show, Venitian Casino and dinner can provide a wonderful trip.

Day 5 – Hong Kong Flagstaff Museum (Hong Kong Park) or Maritime Museum. The maritime museum is a little gem and is situated next to the Star Ferry.

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By SuperyachtNews 11 May 2021

China and Hong Kong: superyacht market dynamics

As china’s billionaire population hits record numbers, the industry is still trying to grow this budding market….

There are few geographical markets that present the superyacht industry with the same opportunity for growth as the Chinese market. Still at a relatively early stage of yachting development, in terms of domestic infrastructure and ownership, China certainly has a large, and growing, pool of potential superyacht buyers. Knight Frank’s 2021 edition of The Wealth Report recently set out its list of top-10 risers – the 10 countries that saw the biggest increase in their UHNWI population in 2020 – revealing that China saw the largest increase, at 16 per cent.

Furthermore, according to Hurun Report’s Hurun Global Rich List 2021 , China has outpaced the United States to become the first country in the world with more than 1,000 billionaires. The publication reveals that, at the beginning of 2021, China had 1,058 billionaires with their wealth denominated in US dollars. “Despite the trade war with the US, China adds 259 billionaires and becomes the first country with more than 1,000 known billionaires, surpassing other countries including the US, India and Germany,” the report says.

In light of the region’s growing billionaire population, the recently-published The Pacific Superyacht Report   explores the current dynamics at play in the Chinese superyacht market from a buyer perspective, as well as the potential that China and Hong Kong present to the superyacht industry.

“There is definitely an upward trend in the superyacht market in China, as the wealth of the mainland Chinese increases,” says Joe Yuen, of Lodestone Yachts. “The Chinese tend to purchase new superyachts from production yacht dealers, but now you see more and more Chinese buying semi-custom or full-custom superyachts through professional yacht brokers. The production yacht dealers have done well with their marketing in the region, and you are also beginning to see larger semi-custom superyachts cruising in the harbours.” 

When talking about the Chinese superyacht market, it is important to distinguish between the Hong Kong market and mainland China market. As Rock Wang, Feadship’s Asia representative, explains, “Hong Kong is already a very mature yachting market, so there isn’t much potential for growth. While mainland China is already very active, it will be growing rapidly in the next 10 years.” 

The reasons for these two markets being at two very different stages of yachting development are well documented. While Hong Kong may have a longer history of a yachting culture than mainland China, the most obvious barrier to the growth of the domestic Chinese market is its weighty import duties on foreign yachts, compared to tax-free Hong Kong.

“The matter of taxation has been a major limiting factor,” says Mike Simpson, managing director of Simpson Marine. “There is a very high import tax on yachts, it has been 43.65 per cent, but that has recently been reduced to 38.1 per cent on motoryachts and 35.6 per cent on sailing yachts over 8m [at the time of writing]. The tax has been a big deterrent for a lot of people – when you are spending a large amount of money to buy a yacht, no one is very happy about spending nearly 50 per cent more for the privilege of bringing it into, and flagging it in, China.”

For Simpson, however, the biggest barrier to the growth of the domestic market is the perception that superyachts in China are going to attract a lot of attention. “Currently there are only about 30 yachts over 30m in southern China altogether (excluding Hong Kong), so any new yacht is going to stand out, and this is not always very welcome. Normally, the wealthy try and keep a low profile,” he continues. “There is plenty of wealth in China, but there is a fear of attracting attention by any obvious displays of wealth.”

“There is plenty of wealth in China, but there is a fear of attracting attention by any obvious displays of wealth...”

In both the Hong Kong and mainland China markets, buyer habits differ depending on the size sector they are buying into, and whether they are buying for domestic or overseas use. According to Wang, because the majority of marinas in Hong Kong offer berthing up to 35m, both the 30-35m new-build and brokerage markets in Hong Kong are very active, with most clients keeping their boats in Hong Kong and using them as day or weekend boats for local cruising. For the larger size sectors, however, clients tend to enjoy their boats overseas due to the berthing limitations of Hong Kong’s marinas.

Wang observes further intricacies in the 35m-plus sector depending on size range, with Hong Kong clients generally preferring to buy new over second-hand. “Buying a yacht is more expensive in the 35-60m size range, so clients spending this much money tend to want something new,” he explains. “About 60-70 per cent of these clients will choose a new build. Most clients also don’t want to wait too long for their yacht, but thankfully many shipyards offer production or semi-custom models in this size range, which shortens build time.” 

According to Wang, this preference for ‘something new’ augments even further in the 60m-plus market. “The vast majority of clients want a new-build when buying a yacht over 60m,” he adds. “Every yacht of this size has a very specific personality and, because of this, many of the clients I have worked with feel that a second-hand yacht of this size does not and would not belong to them.”

In terms of the market in mainland China, there are other dynamics at play. With government restrictions on the import of second-hand yachts older than one year, as well as a lack of brokerage agencies and surveyors to advise clients on second-hand purchases, there is virtually no second-hand brokerage activity within China, even in the 30-35m sector, where berthing is easier.

However, the mainland Chinese ownership in the 35m-plus market is similar to that of Hong Kong. “Except that the mainland Chinese prefer to buy new builds even more than Hong Kong clients,” he says. “It is the Chinese mentality; if they are spending 20-30 million euros, they want something new.”

In terms of market potential for the superyacht industry, the Chinese market is huge in the same way that the country’s population is huge and, in light of the country’s rapidly growing population of UHNWIs, Wang is very optimistic about the future potential of the market in mainland China. He puts it simply: “It’s human nature. When you have a lot of money, you want to enjoy life and yachting is one of the best ways to enjoy life.”

“From the crew to the brokers and designers, every sector of this industry is lacking Chinese professionals...”

Despite this optimism, Wang believes that there are certain changes that could be made in order to help stimulate growth. One barrier is the scarcity of Chinese representation in the industry. “From the crew to the brokers and designers, every sector of this industry is lacking Chinese professionals,” he says. “As an international community, we should look to find Chinese talent. If there were just 15 to 20 Chinese brokers, the market would change. Shipyards also need to have marketing material in Chinese because the majority of Chinese clients feel more comfortable reading Chinese than English. It is something very basic that the industry can do today that will have a significant impact in the future.”

Simpson agrees that a lack of qualified local crew is certainly a limiting factor to the growth of the Chinese market. “Owners accept that they will have to hire qualified foreign crew for now, but many Chinese owners don’t speak English and they would rather have at least some crewmembers who can communicate with them in their own language,” he says, adding that optimism lies in the MCA-approved Galileo Maritime Academy, Thailand. The Academy offers training courses to the Asia region, which will help to get more local crew trained up and qualified to work on superyachts in the future.

More infrastructure to attract visiting yachts would also help to give the superyacht industry more visibility in China, and possibly attract the attention of qualified buyers. “When there are more marinas and professional crew, this will help increase the popularity of superyachts,” concludes Yuen. “The Chinese government is also promoting various types of tourism, including yacht tourism, in the Free Trade Zone of Hainan Island and The Greater Bay Area. I hope this will bring more charter yachts to the Far East.”

This article appears in full in the recently-published The Pacific Superyacht Report . For complimentary digital access to the magazine, please click here.

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• Yacht Charter Hong Kong

Yacht Charter in Hong Kong

Hong Kong yacht charter

Hong Kong is the perfect blend of East meets West, merging Chinese traditions and culture with Western sentimentality and progress. Here, you can find everything from Buddhist temples to historic fishing villages, skyscrapers, and high rises, to old shophouses and Chinese alleyways. When it comes to a tourist destination that has it all, Hong Kong definitely tops the bill. Yacht charter in Hong Kong is booming, especially in the summer when the temperatures rise, and both locals and tourists get to spend more time outdoors and out in the sun. With plenty of yacht options, the Hong Kong yacht charter is undoubtedly an ideal way to explore and enjoy the city-state.

Why charter a yacht in Hong Kong?

There is an abundance of marinas in Hong Kong, accommodating anything from a 4-person capacity speedboat to a superyacht that can dine a group of 100 guests. When it comes to yacht charters in Hong Kong, you'll never run out of options to choose from. The marinas are located all across Hong Kong, such as the Aberdeen Marina Club, the Royal Hong Kong Yacht Club, the Discovery Bay Marina, the Hebe Haven Yacht Club, and other small ones, there are enough berths to accommodate hundreds of yachts in this Asian metropolitan city.

Offering everything from intimate monohulls for honeymooners, a super catamaran for a large group of friends, or a huge sailboat for saying enthusiasts, you are sure to find what you're looking for in Hong Kong. And did you know there are about 200 smaller islands off the coast of Hong Kong, having a mix of rocky islets and tropical coves with turquoise blue waters and pristine white sands? Yes, Hong Kong is home to hundreds of hidden beaches and islands that are just waiting to be explored for your day, overnight, weekend, or full-week yacht charter itinerary.

What are yacht charter prices in Hong Kong?

Average yacht charter prices in Hong Kong depend on many factors. These include but are not limited to the yacht's size, the brand of the yacht, the inclusions with your charter, the number of people on board, and the yacht rental duration. Superyachts are popular in Hong Kong, catering to guests with discerning tastes and those who wish to travel and enjoy in style. Some of the superyacht brands you can find here include Monte Carlo yachts, Ferretti, Numarine, Sunseeker, Azimut, and Sanlorenzo yachts, among many others. Yacht charter prices for a day trip in Hong Kong range between USD2000 to $4200 for a group of 15 adults, which includes full catering. Other charters offer per person rates, such as $200 for a full-day cruise aboard a luxury yacht on a weekday, and can go up to $630 for a weekday cruise.

When is the yachting season in Hong Kong?

There are two yacht charter seasons in Hong Kong: the summer and the winter seasons. The peak yacht charter season is the summer season when it's bright and sunny, and families head out to sea to escape the hustle and bustle of the city. The high season is between June to October, which is also the most expensive season for yacht charters, while the low season is between March to May. Winter is also an exceptional time to charter a yacht in Hong Kong, especially during the Christmas and Chinese New Year holidays. Festivities abound on the Victoria Harbour, where the skyline lights up and fireworks are on display in many parts of the city.

Hong Kong yacht charter for a day

Hong Kong features many nearby islands that are perfect for swimming, sunbathing, water sport activities, and plenty of sun and sand. For an ideal and convenient way to enjoy your charter, opt for all-inclusive packages where everything is included, such as the food, drinks, and music. A yacht charter for a day in Hong Kong brings you to nearby islands and destinations such as Aberdeen, Causeway Bay, Deep Water Bay, Turtle Cove, and the best seafood in Lamma Island.

You can add extra equipment on board, such as kayaks, stand up paddleboards, a banana boat, or a jet ski to take your day cruise to another level of excitement. Kiddie parties are also popular in Hong Kong, where yachts cruise along the harbor, go to a nearby island, and kids can enjoy a day of fun and frolic on a beach. Sunset cruises, fishing escapades, and party charters are also popular day yacht charter activities in Hong Kong.

Hong Kong yacht charter overnight

Overnight yacht charter comes with full accommodations in luxury cabins, well-equipped kitchens, air conditioned saloons, and plenty of outdoor lounge seating for a full day and night of relaxing, adventure, and VIP treatment. When chartering a yacht overnight from Hong Kong, you can visit plenty of destinations such as Lamma Island, Sai Kung, Cheung Chau Island, and even as far as Macau for some nightlife in the countless casinos in the famous Las Vegas of the East.

Hong Kong yacht charter for a week

And for the ultimate yacht charter adventure, a week-long cruise off the coast of Hong Kong will create an experience of a lifetime. You can leave on a Friday night with a sunset cruise off Victoria Harbor, bearing witness to Disneyland Hong Kong's fireworks display and the city skyline before heading to Discovery Bay where your yacht moors up for the night.

Come morning, get to explore different islands such as Tai O and Cheung Chau, where traditional fishing villages are still very well-preserved; have lunch on the coats of Sai Kung for some exquisite seafood and lush hiking trails, and get to explore all the unspoiled tropical islands with turquoise waters and white sand beaches along the way.

And of course, a Hong Kong yacht charter for a week is never complete without a visit to the Kowloon peninsula and the vibrant and dynamic Macau. Whether you choose to disembark in Macau or get back on board and return to Hong Kong is your choice to make, but one thing's for sure, your week-long Hong Kong travel itinerary will surely be one heck of an adventure.

Wedding yacht charter in Hong Kong

Hong Kong is one of the world's top destinations for weddings. It's got culture, history, and all the modern amenities of a world-class metropolitan. One train ride away, and you're in China ready to visit the temples and the Great Wall of China. At the same time, a one yacht charter away, and you're in Macau in as short as one hour. For a unique wedding extravaganza, a yacht charter that cruises along the Victoria Harbour and Causeway Bay will surely create unforgettable memories with you and your loved ones. Celebrate this day with a sunset ceremony and seated dinner on board for 100 guests, or choose a smaller catamaran for an intimate wedding. However big or small you want your wedding party, you can find the best yacht charters to hold the wedding of your dreams in Hong Kong.

Corporate yacht charter in Hong Kong

You may want to wine and dine your boss, or you may have a VIP executive coming to town, or you want to celebrate an occasion with your employees. Whatever event your company may be having, do it best with a corporate yacht charter in Hong Kong. For a couple of hours or over sunset, you can discuss business and pleasure with your boss, supervisors, or subordinates. If you want to have a team-building activity, a yacht charter to a nearby island is ideal for some exciting activities that will create your company's highlight of the year.

A yacht charter is a luxurious treat for everyone, and it's one of the best ways in Hong Kong to lighten the atmosphere for a business meeting, lunch, or event. Hong Kong is a bustling, dynamic, and complex metropolitan. To get away from it all, locals and tourists can easily find the best yacht charter to suit their tastes and needs. From a simple sunset cruise on Causeway Bay to a full-week excursion that takes you to and from Macau, you'll find everything you need in a Hong Kong yacht charter.

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HONG KONG YACHT SHOW WILL GO AHEAD IN NOVEMBER

HEALTH MEASURES WILL BE MAIN CONCERN

LEADING BRANDS ARE DISPLAYING

HKYS 2020 – MOORING PLAN

19-22 NOVEMBER 2020 Kwun Tong Typhoon Shelter adjacent to Kai Tak Runway Park Promenade

Hong kong yacht show 2020.

The 3rd Edition Hong Kong Yacht Show is organized by Hong Kong Cruise & Yacht Industry Charitable Foundation on November 19-22 this year. The event will be located at the Kai Tak Runway Park Temporary Marina. Due to COVID-19, this year Show’s format is changed to become a private event. Organizer and stakeholders all agreed to comply rigorously with the Government’s social distance regulation, and attendance is strictly by invitation only.

The event is both a platform to create a regional ecology combining luxury yachting, marine lifestyle, marine tourism, employment and education. This will enhance public awareness of the marine industry through exhibitions and special events, to promote the development of the yacht industry in Hong Kong and the Greater Bay Area.

The establishment of the Hong Kong International Ocean Economy Chamber of Commerce will be announced during the event. Purpose of the Chamber is to encourage members take action to effect changes in the maritime sector; increase members’ understanding of problems and issues related to global maritime commercial activities, enhance the awareness of sustainability by sharing resources and experiences.

The Hong Kong Super Yacht Academy will also be presented. The objectives of the Academy are to 1) Create a New Super Yacht Industry in Hong Kong; 2) Re-train and empower downsize airline and hospitality personnel to be qualified for regional and global employment opportunities; 3)Create Center of Excellence in training in conjunction with International University of Monaco (IUM) for professional super yacht personnel.

Both the Chamber and the Academy will help promote future economic development and create substantial new job opportunities to society. From a long- term perspective, Hong Kong is well-positioned to become a Super Yacht Centre in Asia. The local natural conditions and stakeholders alignment of interests, ensure that Hong Kong could be at par with Monaco in the global super yacht industry.

The Hong Kong Cruise and Yacht Industry Association is committed in promoting the exchange and cooperation between Hong Kong and the international cruise and yacht market; safeguard and alignment of the industry interests to promote the long-term development of the Hong Kong cruise and yacht industry; and providing the latest information and talent support to strengthen the competitiveness of our industry in the global cruise and yachting market.

About The Show

With over 150 years of sailing history, hong kong has always been playing a pivotal role in seafaring and boasting the largest pleasure boat fleet in asia..

Organised by the Hong Kong Cruise & Yacht Industry Association , the Hong Kong Yacht Show will be a 4-day celebration of yachting lifestyle that combines an impressive in-water display of luxury yachts and superyachts with a wide range of interactive activities.

Geared to promote and develop yachting culture in Hong Kong and the Greater Bay Area, the Hong Kong Yacht Show has been created as a platform to maximise the onboard experience of exhibitors and visitors alike, and showcase Asia’s most mature yacht industry to the world.

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KAI TAK RUNWAY PARK TEMPORARY MARINA

Kai tak runway park is located at the tip of the former kai tak airport runway. enjoy the world-class panoramic view of victoria harbour, as well as the lion rock, kowloon peak and lei yue mun as the backdrop., this year, the venue is accessible by water shuttle only. guests can access our water shuttles at causeway pier and hunghom pier for free., get in touch.

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Ticket Registration The show is fully booked and we no longer accept registration. Thank you for your support and see you next year!

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