yacht maintenance cost singapore

How Much Does It Cost To Own a Boat or a Yacht in Singapore?

Cruising the seas on a yacht is the ultimate in luxury, as those folks with their very own super yachts berthed at Sentosa Cove’s marina would know.

Owning a boat is obviously not cheap the way a shopping spree at Daiso would be, but it does not have to cost millions either.

How much is a boat in Singapore?

Boats come in all shapes and sizes, and the prices can vary wildly. As with cars, a second hand boat costs significantly less than a brand new one.

Generally, prices cost from about $50,000 onwards for a second hand boat. On the other end of the scale, some of the biggest, fanciest yachts with spacious onboard living space can cost over a million bucks.

How much does it cost to berth your boat per month?

Wet berthing costs are generally in the $480 to $1,500 per month range, depending on location and the size of your boat. If you are getting a club membership in order to berth your boat, you might also receive other perks like use of the club’s gym.

Here are the available Marinas in Singapore:

• Marina @ Keppel Bay
• Marina Country Club
• One Degree 15
• Raffles Marina
• Republic of Singapore Yacht Club
• SAF Yacht Club Changi
• SAF Yacht Club Sembawang
• Changi Sailing Club

How to buy a boat in Singapore?

The easiest way is to approach a boat dealer. Dealers usually have a mixture of brand new and second hand boats for sale.

If you are not paying the full cost in cash, some boat dealers will offer their own loans if you are buying one of their boats. Alternatively, you can seek financing by taking out a personal loan .

Maintenance and repairs per month

Your maintenance costs will obviously depend on how frequently and intensively you use your boat. If you use your boat every weekend, you should budget at least $500 to $1,500 per month. This cost includes the cost of fuel and any repairs or replacements that must be made.

Other than mechanical checkups and maintenance, you should also take into account costs such as marina memberships fees, cleaning services and the price of getting your boating license if you do not already have one.

Insurance for a boat

Your boat insurance premiums will depend on factors such as boat model and size, as well as what your boat is being insured for. Most insurers will offer hull coverage, which protects the hull as well as the items attached to or kept and used on the boat, such as marine electronics.

Other features that might or might not be included are cleanup coverage in case of fuel spills, and removal of wrecks. You should also check the limits of the territory in which your boat is insured.

Be prepared to pay at least $1,200 a year for the most basic insurance plans.

How to get a boat licence in the first place?

In order to pilot a boat, you will need a Powered Pleasure Craft Driving Licence.

There are several organisations conducting courses (usually 2 or 3 days long) that will prepare you for the test, namely the following:

• SAF Yacht Club
• ONE15 Marina Club
• Singapore Police Force Aquatic Club
• Singapore Polytechnic
• Singapore Powerboat Association
• Water Venture Changi

To get your licence you will have to pass both a theory and practical test.

Set aside about $350 for the course fees, as well as about $190 for the tests and licence fee, assuming you pass on your first try.

Is a boat or yacht a liability or an investment in Singapore?

Like a car, a boat is a depreciating asset. You will be paying significant costs in order to operate and maintain it, and you are unlikely to be able to sell it at a much higher price than you got it for, unless you are undertaking major restoration or renovation works.

That being said, it is still possible to monetise your boat or yacht by renting it out. For instance, there is quite a bit of demand for weekend yacht parties in Singapore. This does take extra work though, as many yacht rental businesses provide not only a crew but also perks like champagne buckets.

Total cost of owning a boat for a year (minimum)

Thinking of buying a boat in Singapore? Share your questions in the comments!

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How Much Does it (Really) Cost to Own a Yacht?

The true cost to own a yacht is an area of concern for many prospects of yacht ownership. And it should be.

Maintenance costs, exploitation costs, total cost compared to yacht charter, we detail in this article the expenses (especially the hidden ones) you have to consider before buying your first yacht !

We also provide you several solutions to lighten your investment and reduce the cost to own your yacht. 

If you are looking for the price of a yacht charter (rental), please read this article instead .

How much is a yacht?

Before diving into the expenses that comes monthly, yearly or every decades once you own a yacht, let’s answer the elephant in the room: How much is a yacht (alone) in the first place? The short answer is… it depends, of course. But in most cases, the longer the yacht, the higher is her selling price.

Generally speaking, you can expect to find yachts for sale in the following price ranges:

• Below 50ft (15m): between 500K – 2,500,000 € / USD
• Between 50-70ft (15-21m): between 2 millions and 6 millions € / USD ( See our 9 catamarans for sale under 6 millions here )
• Between 70-100ft (20-30m): between 6 millions and 20 millions € / USD
• Superyachts over 100ft (30m): minimum 10 millions € / USD

You can always find exceptions to the rule and find cheaper or more expensive yachts for sale outside of these price brackets.

A lot of factors come into the selling price of a yacht: supply and demand, brand / model reputation, age and condition of the vessel, urgency or lack of for the sale and so on.

What are the main hidden costs that come with yacht ownership?

You probably already guessed it, the cost of owning a yacht doesn’t stop at its purchase price . In some cases, the price you bought your yacht at can seem like a bargain, but it really isn’t once you start adding all the hidden costs, and many of them come yearly.

Here are the main ones you should be wary of.

Yacht exploitation and running costs : always calculate them carefully before buying your yacht

It always cost you money to exploit your yacht.

When you are chartering a yacht, a part of these operation costs is included in your APA (Advanced Provisionning Allowance) .

When you own a yacht, these costs still apply , but you will have to pay directly for them.

Among the main operation costs, the most important are usually the following:

• The fuel: its cost will depend on the type of boat, her fuel consumption, the region, and the distances traveled;
• The mooring fees which depends on the area but also on the boat size;
• The crew, if you need it. The cost will depend on the frequency and the crew’s size;
• The communication fees;
• The food and beverages supplies;
• All the expenses related to your leisure activities.

Yachts maintenance: a cost that you should definitely not overlook

Even outside of its operating period, it still costs you money to own your yacht!

Maintenance of your boat isn’t an option and must be done on an ongoing basis. The price vary depending on the type of yacht you are owning (motor, sail, etc…), the size of the vessel, but also how old she is.

The maintenance costs include :

• The regular maintenance of certain equipment, like engines, thrusters, sails, rigging, safety equipment, hull(s) (fairing)…;
• The occasional maintenance operations in case of breakdown or damage;
• The painting;
• The cleaning and the specialized maintenance products (for teak, leather, …). 

The costs of maintenance and upkeep will obviously not be the same if you do it yourself or if you call in specialists. But regardless, you should have a budget buffer dedicated to maintenance costs when you plan on buying a yacht, especially if she already had a long sailing life.

The taxes and insurance premiums of a yacht: a cost that most forget

Consider the different taxes (at the purchase and annual) and the yearly yacht insurance that you have to pay. A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat’s purchase price per year.

Must Read : Yacht Insurance : The Definitive Owner’s Guide

Yearly harbor fees : a very important hidden cost of yacht ownership

The port and/or winterization fees are also a big part of yacht ownership costs that you should carefuly estimate.

Depending on your region, you may need to consider “dry-docking” your boat, which involves handling, transport, and storage which can be really expensive. 

If you can leave your yacht in the water all year round, you will need to go for a harbor ring concession.

Depending on the marina and its infrastructure, the region, and your boat’s size, the costs may considerably vary from a few hundred dollars to thousands of dollars a month . However, it is easy to obtain this information from marinas once you have chosen which yacht to purchase.

The depreciation’s price of a yacht

A yacht, like a car, will depreciate . It is difficult to estimate the depreciation, as it depends on economic conditions, exchange rates, price inflation when new, the type of boat, and the shipyard. 

However, it is reasonable to estimate a minimum depreciation of 10% in the first year, then 7% in the following years. From the fifth year on, the depreciation tends to slow down. On the other hand, the operating costs increase.

Summary of the main operating and maintenance costs of owning a yacht

So, to sum up, how much does it cost to own a yacht? It largely depends on your type of yacht and your location.

But in general, owning a yacht will cost you between 10-25% of its value annualy . The longer the yacht, the likelier you are to be at the end of the spectrum.

Here are the reasonable costs you could consider:

• 10% of its value annually for a 60ft (18m) / 1 million USD yacht and below (=max 100K / year)
• 20% of its value annually for a 100ft (30m) / 10 millions USD yacht and above (=min 2 millions / year)

These brackets of total costs include everything: usual yacht maintenance, upkeep and operating costs that will be distribued as follow:

• Communication
• Maintenance
• Insurance premiums
• Harbour fees
• Cost of depreciation

Are you worried? Do not. Luckily, there are numerous ways to decrease the overall cost of yacht ownership and still enjoy yachting as it should be. Read the next paragraphs to know these valuable tricks.

If you liked this article you will also like : HOW MUCH DOES IT COST TO CHARTER A YACHT?

How to reduce the cost of yacht ownership?

A yacht keeps on costing money even when not in use, so the best way to make it a more profitable investment is to increase its exploitation.

Renting your own yacht : a good way to reduce the costs of owning a boat

When you are not using the boat, you can earn income by renting it out. The rental price depends on the type and size of the boat, but also its location. While making money from renting is possible, don’t expect to pay back all your expenses. Nevertheless, it will help you in avoiding your yacht becoming a financial burden. 

The easiest way to do this is to hire a professional charter company to help you. If you go for a reputable and experienced company, you will benefit from their expertise and contacts. It will also save you from legal, insurance, and withdrawal issues and avoid red tape.

On the topic : Yacht to Charter : Can It Be Profitable?

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Another solution to own a yacht at lower cost is fractional ownership of a boat , which means that you own a fraction of it. It can be half, a quarter, or even less. For a long time, boaters have been opting for this option of partial ownership with friends or family. These days some companies create formalized fractional ownership arrangements for more guarantees. 

For example, in partnership with the Windward Islands, SAILING RESORT proposes fractional boat ownership on the fabulous trimaran, the LEEN 72’. So you can become a co-owner of the new hybrid-powered multihull which can accommodate up to 10 passengers and 4 crew members. You will enjoy private use of the trimaran (depending on the period) from 6 to 12 weeks during the first 5 years.

This program proposes a profitable commercial operation with 24/7 premium service. It is a tailor-made solution for all those who want to feel like owners of a prestigious yacht for a few days a year while limiting their investment and responsibilities. WI manages the operation of the yacht for you out of your personal use, like the charter’s organization, maintenance, insurance, annual mooring, and all other administrative tasks.

Once you have weighed the pros and cons and have the means to finance both the purchase and the annual costs (maintenance, operation, …) of your yacht, you should go for it! Indeed, if you can evaluate the hidden costs and expenses of owning a boat, the freedom and unforgettable memories are priceless. 

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

If you can’t enjoy your yacht frequently or are still unsure about whether it’s worth the cost or not to own a yacht, you might consider chartering instead. This will allow you to try out different models , from various shipyards, and see which ones you prefer.

Therefore, the cost of renting a yacht will save you from having to worry about all those hidden costs of owning one. All you have to do is pay for your charter, your cancellation insurance and set your APA during your stay. This way, you only pay money, time, and effort when you use the boat.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

Read also : SUSTAINABLE YACHTING: HOW IS THE BOAT INDUSTRY BECOMING MORE ECO-FRIENDLY?

Frequently asked question

For a 60-foot or million-dollar yacht, the cost per year will be about 10% of its value or $100,000 per year.

You should expect to pay about 20% or more of the original price of your boat to run it annually. So, for a $10 million yacht, the cost to operate will be about $2 million per year, including fuel, insurance, dock fees, maintenance and repairs, crew, etc.

A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. Add another 15-25% of the vessel’s value for V.A.T.

Once you have weighed the pro and cons, if you can afford the purchase and all the hidden annual expenses, have found your dreamed yacht, and have time to enjoy it, you should go for yacht ownership!

It is not the best way to make money, but you can minimize your annual expenses by renting it or opting for fractional boat ownership.

It’s hard to tell. As long as you have the money and enough time to enjoy it, it is worth owning a yacht! Everything cannot be estimated. For example, it will bring you invaluable freedom and happiness.

One of the easiest way to reduce the maintenance cost of a yacht is to fractional yacht ownership. That way, the maintenance expenses are spread among co-owners according to their shares.

It varies greatly depending on the size of the yacht. For a yacht of 60ft (18m), you will likely spend around 10% of its purchase value each year in maintenance and exploitation costs.

Luxury yachts have maintenance and operation costs that are around 10% of their value yearly. So if a yacht value is 2 millions USD, its maintenance and operations costs should be around 200K / year.

Operating a sailboat is usually 20-40% cheaper than the same size motoryacht. Motoryachts tend to be more expensive to operate than sailboats as the fuel consumption can become an important expenditure fast.

A small yacht below 50ft is usually for sale between 500K and 2,5 millions USD / €. A mid-size yacht between 50ft and 100ft is usually for sale between 2-15 millions USD / €. Above 100ft, the selling price is rarely below 10 millions USD / €.

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Owning a yacht is a dream for many, offering luxury, adventure, and the opportunity to create lasting memories.

However, understanding the real cost of owning a yacht is crucial for making an informed buying decision. In this comprehensive guide, we will explore yacht maintenance costs, yacht cost of ownership, hidden costs, and various aspects of owning a yacht, including storage, insurance, and fuel expenses.

Routine Maintenance

How to manage yacht crew costs, the cost of owning a yacht- easy to understand chart:.

Please note that these numbers are for illustrative purposes only and can vary significantly based on the yacht size, location, and other factors such as inflation.

Yacht Maintenance Cost: The Basics

When considering how much it costs to maintain a yacht, it’s important to understand that there are several factors involved. Yacht maintenance costs can vary depending on the size of the yacht, usage patterns, and the yacht’s age. Here’s a breakdown of the main cost categories:

Storage and Marina Costs

One of the primary costs of owning a yacht is storage. Marina fees vary based on location, amenities, and yacht size. For example, a 60-foot yacht might cost between $20-$22 per foot, plus additional utility fees in a typical marina. In a prestigious marina, the costs could be over $5,000 per month.

Insurance Costs

Insurance is another significant expense in the yacht’s cost of ownership. Rates for a 60-foot yacht can range from $6,000 to $14,000 per year, depending on factors like location and intended usage (private or charter).

Fuel expenses are a major part of yacht operating costs. Depending on fuel price fluctuations, a 60-foot yacht with a 1,200-gallon fuel tank can cost around $6,600 to fill up. Fuel consumption depends on yacht size, capacity, and usage patterns.

Routine maintenance is essential for keeping a yacht in optimal condition. For a 60-foot yacht with average usage, annual maintenance costs can be around $60,000, with regular preventive maintenance, including underwater cleaning, washing, and systems checks. Yacht management companies can help streamline maintenance and prevent costly repairs.

Yacht Crew Costs

One significant aspect of yacht ownership not covered in the previous sections is the cost of employing a yacht crew. Depending on the size and complexity of your yacht, a crew may be necessary to ensure smooth operation and an enjoyable experience for everyone on board.

Yacht Crew Expenses

The annual cost of hiring a yacht crew varies based on the number of crew members needed, their experience, and the duration of their employment. Here’s a general breakdown of the annual costs associated with employing a yacht crew:

• Crew Salaries : Salaries depend on the crew members’ positions and experience. For example, a captain’s salary can range from $70,000 to $150,000 annually, while a deckhand might earn between $30,000 and $60,000 annually. Remember that these are just average figures , and actual salaries may differ based on various factors.
• Crew Training and Certifications : Professional yacht crew members often need specific training and certifications to work on a yacht. The cost of these programs varies, but yacht owners should be prepared to cover these expenses or offer financial assistance for crew members to obtain the necessary qualifications.
• Crew Insurance : Yacht owners are responsible for providing insurance coverage for their crew members. Depending on the contract terms, this includes health insurance, liability insurance, and potentially even life insurance.
• Crew Travel and Accommodation : Yacht owners may need to cover travel and accommodation expenses for their crew members, particularly if the yacht is traveling to various locations or if crew members need to join the yacht at a specific destination.
• Crew Uniforms and Gear : Professional yacht crews typically wear uniforms, and the yacht owner is responsible for providing them. Additionally, the owner should also cover any necessary gear or equipment for the crew’s job responsibilities.

While employing a yacht crew can be expensive, there are ways to manage these costs effectively:

• Hire a Yacht Crew Management Company : These companies can help yacht owners find, hire, and manage their crew, ensuring a smooth operation and a great experience for everyone involved. This can help you save time and effort while making sure your crew is well-taken care of.
• Seasonal Crew Members : If your yacht usage is seasonal, consider hiring crew members on a seasonal basis to save on costs. This way, you only pay for the crew when you need them.
• Fractional Yacht Ownership : As mentioned earlier, fractional yacht ownership allows multiple owners to share the cost of owning and operating a yacht. This also applies to crew costs, which can be divided among the co-owners, significantly reducing individual expenses.

Cost of Owning a Small Yacht: A Closer Look

If you’re considering a smaller yacht, it’s essential to understand the true cost of owning a small yacht. Generally, smaller yachts have lower maintenance costs, but there are still several annual expenses to consider:

Storage and Marina Fees

As with larger yachts, storage fees for smaller yachts vary depending on location and amenities. Expect to pay between $10 and $15 per foot in a typical marina for a 30-foot yacht.

Insurance rates for smaller yachts are usually more affordable, ranging from $1,000 to $3,000 per year, depending on factors such as location and usage.

Smaller yachts have lower fuel consumption, resulting in lower fuel costs. However, it’s still essential for most yachts to budget for fuel expenses, as they can add up over time.

The annual operating cost of maintaining a small yacht is lower than that of a larger yacht. Annual maintenance costs can range from $20,000 to $30,000, including regular cleaning, engine servicing, and systems checks.

Yacht Management Fees: Is It Worth It?

Hiring a yacht management company can be an excellent investment for yacht owners. Yacht management fees typically cover maintenance, crew management, and charter bookings. Fees vary depending on the size of the yacht and the services provided, ranging from $10,000 to $50,000 per year.

Yacht management companies can help you save time, reduce stress, and streamline the ownership experience for boat owners. They also help prevent costly repairs by ensuring your yacht receives regular maintenance and proper care.

Key Takeaways: Understanding the Costs of Yacht Ownership

In summary, owning a yacht is a significant financial commitment with various expenses, including maintenance, storage, insurance, and fuel costs. Here are the key takeaways from this comprehensive guide, including the dollar amounts associated with yacht maintenance:

• Yacht maintenance costs can vary based on yacht size, usage patterns, and age. For a 60-foot yacht with average usage, annual maintenance costs can be around $60,000, including underwater cleaning, washing, and systems checks.
• Storage and marina fees depend on the location, amenities, and yacht size. Be prepared to pay between $20-$22 per foot for a 60-foot yacht in a typical marina, with prestigious marinas potentially costing over $5,000 per month.
• Insurance costs are essential to yacht ownership, with rates ranging from $6,000 to $14,000 per year for a 60-foot yacht, depending on location and intended usage.
• Fuel costs can be a significant expense, especially for larger yachts. Depending on fuel price fluctuations, a 60-foot yacht with a 1,200-gallon fuel tank can cost around $6,600 to fill up.
• The cost of owning a small yacht is generally lower than that of a larger yacht. For a 30-foot yacht, annual maintenance costs can range from $20,000 to $30,000, with storage fees averaging between $10 and $15 per foot in a typical marina.
• Yacht management fees can be a worthwhile investment for yacht owners, ranging from $10,000 to $50,000 per year. Yacht management companies help streamline the ownership experience, save time, and prevent costly repairs by ensuring proper care and maintenance.
• Crew Costs vary, but generally, you will pay between $70,000 to $150,000 for a qualified and experienced captain and about $30,000 to $60,000 per year for a mate.

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Steve Momot

Steve is an accomplished professional photographer and marketer who specializes in the Fishing, Yacht, and Boating industry. With a strong presence as an influencer and marketing expert in the Marine Industry, he has made a significant impact in the field. Additionally, Steve is the original creator and co-founder of Sportfishtrader. Prior to his career as a marine photographer, he gained extensive experience as a licensed boat and car dealer in South Florida.

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Singapore Yacht Services

Marine yacht services singapore is a local company with an ethos of transparency and reliability.

A small but expanding team of friendly professionals takes pride in our workmanship and the relationships they have with their customers. Specializing in prompt quality service. They maintain a high standard so you can be sure you are getting the level of quality your boat and you deserve when you engage them.

The vision of Marine Yacht Services is to constantly learn and put the team through training to help improve the services and the results you will get. They also take our environment seriously and work with stakeholders to ensure the marine pleasure industry can continue to be enjoyed for generations.

More about crew and maintenance here

Visit our Facebook page to find more information.

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Hans Yachts Services

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Your Preferred Yacht Management and Charter Partner

At Hans Yacht Services, we’re all about going beyond. It’s about customer obsession. Customer satisfaction is not enough, it’s about customer delight.

Hans Yacht Services has been in the yachting industry for more than a decade, serving customers both locally and across the region with their yachting needs since 2007. P roviding impeccable services ever since, our name has become synonymous with quality and peace of mind.

At Hans Yacht Services, besides yacht charter, our yacht management services include maintenance & repair, cleaning as well as immigration & administrative matters. We also provide captain and crew services for both local and overseas trips as well as deliveries.

Get in touch with us to learn more about  Hans Yacht Services and  what we offer.

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Maintenance

It is no secret that being able to afford a boat depends on more than the initial price of the boat, and maintenance cost is almost always at the top of every aspiring boat-owner's mind. Monthly and yearly maintenance costs need to be factored into consideration when assessing the total cost of ownership.

At TheBoatShopAsia, we will share with you the little tips in boat maintenance that can reduce significantly unpleasant maintenance surprises down the road. Examples of simple yet often neglected areas of maintenance are hosing down and cleaning the boat with fresh water after every trip., regular engine flushing and engine maintenance. By themselves, these measures do not cost alot of money at all. However, they do go a long way in preventing long term issues such as corrosiion and engine problems.

We will share with you on the best practices of boat maintenance and even help you draw up a checklist and maintenance schedule.to keep your boat in tip-top shape everytime, with minimum cost!

An Ultimate Guide To Yacht Rentals In Singapore

Imagine planning a birthday party.

You want it to be extra memorable, and somehow renting a function room or a chalet to host it just doesn’t quite cut it, especially since it’s something that most people do.

For a more unforgettable experience, why not go for a yacht rental in Singapore for that birthday party? It will also be something that your guests will remember for many years to come. 

Yachts are often thought of as commodities for the rich, with yacht parties commonly portrayed by the media as upper-class luxuries. 

Complete the picture with some gourmet hors d’oeuvres and you’ve got the image of an upper-crust rich person party.

But things are different these days. With yacht rentals in Singapore becoming more affordable, you can actually live out the fantasy of a yacht party in the same price range it takes for you to stay a night in a hotel room .

Table of Contents

Yacht rental in Singapore: Should you rent a yacht for your event?

A yacht rental in Singapore is a refreshing change from having your events inside hotel rooms, chalets, or even in event halls. Instead of being stuck indoors, you get to enjoy the best of both worlds. 

Feel free to go outdoors, take in the sea breeze, and enjoy being away from the hustle and bustle of the city. And when you’re done suntanning, you can pop back in to relax. 

Moreover, if you’re having an office function on a yacht, you can do away with the uncomfortable formal wear, and dress down in shorts and slippers. 

There isn’t any limitation to the kinds of events that you can have onboard a yacht. In general, here are the most common events that people charter yachts for:

• Weddings and solemnisation
• Corporate retreats 
• Parties and gatherings with family and/or friends

What’s more, you can stay overnight onboard a yacht too! If you’re sick of having staycations inside hotel rooms, why not take it to a whole new level by having it onboard a yacht! 

Not sure what you can do when you’re staying overnight on a yacht? Find out more about it in our guide to yacht staycations here! 

Do take note, though, that depending on the type, capacity, and amenities onboard, some yachts are more suitable for certain events. 

What can you do onboard a yacht?

Plenty! Every yacht comes equipped with an icebox and fridge so you’ll have cold drinks at the ready. 

Most of the boats will also have a sound system for your favourite tunes, and others come equipped with an indoor karaoke setup. So feel free to make full use of the yacht rental duration and sing as much and as loud as you can! 

If you’re looking to relax and enjoy the sea breeze, you can always lounge on the sundeck and work your tan.

Once the yacht docks, you can take the fun into the sea – most yachts come equipped with water toys, stand-up paddleboards, and kayaks. Some models also come equipped with jet-skis which you can have as an add-on rental. 

In addition, you can opt to dive into the sea and hone your swimming skills. If you aren’t keen on getting wet, you can explore the Lazarus and St John’s Islands. Outside of renting a ferry to sail to these islands, it’s not every day that you get to visit these pristine, empty beaches.

Feel free to bring your own food and drinks onboard too! You may also bring your own booze (except red wine), since we don’t charge any corkage fee. 

But if you find that it’s a hassle to bring your own food, you may opt for the BBQ add-on. Do take note that due to insurance conditions, only the crew will be allowed to do the cooking onboard. 

How much does it cost to rent a yacht? Check out this guide.

What’s on the sailing itinerary?

The usual itinerary with the minimum rental duration of 4 hours goes something like this:

Arrive 15 minutes before the charter time

Be sure to come earlier to meet the crew. They’ll then usher you to the yacht. 

Not all yachts are located in the same place. So depending on the boat you’re renting, you’ll meet the crew at either ONE°15 Marina Club or Marina at Keppel Bay. 

If you’d like some time to decorate the yacht before your event, you can do so too! We usually allocate up to half an hour for this. If you need more time, you’ll need to book the yacht for a longer period.

Safety briefing 

Once you and your guests are settled comfortably onboard the yacht, the captain and crew will brief you on the do’s and don’ts. 

Begin sailing towards the Southern Islands

You’ll then cruise from the Marina towards the Southern Islands. Along the way, you’ll pass by smaller islands such as Kusu, St John’s, and Sisters’ Islands. This whole journey will take around 20 to 25 minutes. 

Anchor at Lazarus Island 

After the crew has lowered the anchor at Lazarus Island, feel free to jump into the waters for a swim! 

At the same time, the crew will help you set up the water toys. 

If you’ve booked for the BBQ add-on with us, the crew will also start preparing them. So sit back and relax (or have some fun with the water activities) while the crew cooks the food for you. 

The yacht will be stationed there for around 3 hours. 

Sail back to the main island

If you’ve added the City Skyline Cruise as an add-on, we’ll first cruise to the Marina Bay Sands area to enjoy the view, before returning to the Marina. 

Do take note that this is the recommended itinerary. If you’d like to plan your own itinerary, feel free to discuss it with your captain. However, given the restrictions in Singapore, the destinations that we can travel to will be of a similar nature. 

Yacht rental in Singapore: Types of yachts you can rent

Depending on your event, the type of yacht to rent will vary. It’s good to have a little understanding of the types of yachts available, so you can make a better decision when booking for one. 

Each yacht has its own set of features, and some will suit your needs more than others. Certain yachts can accommodate more people on board, making them great for larger gatherings like parties and corporate events. 

Others are more trimmed down and sleeker in profile, which makes them ideal for more intimate events and long-distance cruising.

On Yachtly, you can rent either a monohull (single-hull) or a catamaran (twin-hull) yacht.

A catamaran yacht consists of 2 hulls that are parallel to each other and joined by a frame. In general, it can either be sail- or engine-powered. 

A catamaran also has 2 engines, with one in each hull. The good thing about this twin-engine configuration is that it makes it easier to navigate in the sea and dock. In addition, this allows most modern catamarans to do 360 degree turns within their own length.

Very stable

Catamarans are much more stable than monohulls. Owing to the twin-hull design, they don’t rock and roll in the same way that monohulls do. This is a big plus if you’re bringing along younger children and elderly people onboard, since they may not be as steady on their feet.

Since a catamaran is less susceptible to the effects of the wave actions, it’s easier for you and your guests to walk around the deck and the interior of the yacht while it’s moving. If you’re prone to seasickness, you’ll feel less of the motion compared to a monohull too. 

Very spacious

Given the twin-hull layout, catamarans generally provide far more living space compared to monohulls of similar sizes. The space in catamarans is also maximised for the entire length of the boat, making them roomier than monohulls. 

Their cabins are often more spacious, and the galley, main salon, and dining areas are usually above the water level. 

Plus, some sailing catamarans come with fabric nets that stretch across the hulls and frames. These nets are useful especially if you and your guests love to lounge on the deck and enjoy the sea breeze. 

If you’re planning to invite a large group for your yacht party, you might want to consider renting a catamaran. It’s a more suitable yacht for a wedding too! 

Check out our guide on yacht weddings here. We’ve included our recommended boats for the momentous event too! 

Downside to catamarans

One bad thing about catamarans is that as compared to monohulls, the person steering it will get less feedback from the wheel. This means that the person behind the wheel will need to be extra vigilant when sailing in rough seas. 

But if you’re renting with Yachtly, you don’t have to worry about this since the yacht charter comes with the captain and crew who will be steering the boat. 

For more information about catamaran yachts, be sure to check out our guide here! 

Monohull yachts, as their name implies, are yachts with a single hull. Most boats come in this design, and are usually equipped with a keel below the waterline to counterbalance the turning force of the wind on the vessel. 

Like catamarans, they can also be sail- or engine-powered. 

Easy to manoeuver

What gives monohulls an edge over catamarans is that they’re highly manoeuvrable, as the single-hull design allows them to tack quickly . In addition, these yachts cut through the water effortlessly, leading to a smooth and tranquil sailing experience.

Great for thrill-seekers

If you’re having a group of thrill-seekers onboard, you might want to consider renting a monohull. The good thing about monohulls is that they’re perfect for those who enjoy a more adventurous sailing experience, especially when they heel.  

Downside to monohulls

Do take note, though, that given the single-hull configuration, monohulls are less stable and steady as compared to catamarans. This also makes them more likely to capsize when sailing in rough seas. 

Sailing yachts

As the name suggests, sailing yachts mainly use sails to propel them. They also come equipped with motors, for when there’s no wind to propel them forward. 

Cheaper to operate

Since they mainly rely on the wind, and use less motor and fuel, they’re cheaper to operate. This also reduces the cost of maintaining them. 

Additionally, they make for a quiet sail as they don’t rely much on the motor. If you prefer a quiet and peaceful sail, a sailing yacht rental might just be the one for you. 

Downside to sailing yachts

However, one downside to sailing yachts is that they’re more difficult to sail. Some sailing skills and expertise are needed to navigate them through the waters. 

Plus, the person sailing it would also need to understand how the wind and tides can affect the sailing, as well as how to adjust the sails. 

But you don’t have to worry about this when you’re renting with Yachtly, since the charter comes with the crew who will handle these. 

Motor yachts

Motor yachts, on the other hand, are powered by engines and rely on either diesel or gasoline. 

Travel faster

Speed is probably the best thing about motor yachts. 

Owing to their engines, they can travel faster than sailing yachts. While sailing yachts can sail to a maximum of 7 knots, motor yachts can go as fast as 15 to 20 knots. 

So if you’re only renting for the minimum duration of 4 hours and plan to hop to a few islands, you should consider a motor yacht rental. 

Easier to dock in shallow waters

Motor yachts also don’t sit too deep in the water, making them easier to dock in shallow waters. This also means that you can get closer to the beaches easily. 

Downside to motor yachts

One bad thing about motor yachts is that their engines can be expensive to maintain. When they break down, repairing them can be costly. 

But the good thing about a yacht rental is that you get to enjoy sailing, without having to worry about dealing with the expensive maintenance. 

Here’s a table to summarise the different pros and cons of each type of yacht: 

If you’d like to read up more about the different types of yachts, head down to our guide here.

Now that you know more about the types of yachts available for rental in Singapore, here’s how you can book one! 

Making yacht rentals in Singapore easy

Yacht rental in Singapore wasn’t always this easy. 

Let’s say you wanted to do a yacht rental for one day to enjoy a romantic night in Singapore. Previously, you’d have to rely on trawling forums or word of mouth to find the right boat to rent. 

With Yachtly , gone are those days! 

Yachtly is a platform that works closely with yacht owners to create a hassle-free booking experience , and we offer some of the cheapest yacht rentals around.

Planning to throw a yacht party but on a tight budget? Check out some of the cheapest yacht rentals available in Singapore here. 

Basically, Yachtly lists more than 50+ yachts available for rent. 

On our website, each yacht has its own dedicated page that gives in-depth information about it. Each boat page also comes with high-quality photos of both its exterior and interior to give you a feel of it.  

Details such as the starting price, the type of events the yacht is suitable for, the available amenities, and its capacity are all available at a glance. 

All yacht rentals also include a captain and a crew. We currently do not provide bareboat yacht charters. 

Yacht rental in Singapore: All under 10 minutes

It used to be that when you wanted to rent a yacht, you’d have to fill up a form, submit it, and wait at least 1 working day to hear back from the rental company. 

But times have changed. With Yachtly’s instant booking approval, you no longer need to wait for a booking confirmation. 

The availability of the yacht is immediately viewable on each of the yacht’s page, as is the yacht rental price. This means that you can make your decision without waiting. 

Simply choose a date, the duration of your charter, and how many guests are going. There’s also a live chat function, should you have any questions regarding bookings or additional services.

How do you rent a yacht with Yachtly?

Are you all set to book a yacht? Here’s how you can go about doing it. 

There are 2 booking methods to choose from: You can either book via the “ Browse Yachts ” or the “ Find Me A Yacht ” link. 

1. “Browse Yachts”

This is a more straightforward way of booking a yacht on Yachtly. 

If you’re familiar with yacht rental in Singapore, and know which type of yacht to choose, you can head over to this link to book it. 

In general, this page allows you to look at all the yachts available for rent on Yachtly.

Choose the date

If you’ve already set a date for your charter and are just looking for any yachts that are available on that day, simply click on the date button at the top of the page. 

A pop-up window will appear, on which you can choose the date of sail. 

Choose the number of guests

One thing to note is that different yachts have different capacities. 

On this page, you can adjust the number of guests coming, so that the page will list down all the yachts that can accommodate your group. 

Filter option

To narrow down your options, you can also use the filter button at the top of the page. 

This filter function allows you to choose the right boat based on the following criteria: 

• Type of yacht (eg. power single hull, power catamaran, etc.) 
• Customer ratings
• Price range
• Amenities available onboard

2. “Find Me A Yacht”

If you’re new to yacht rental in Singapore and unsure of how to choose a boat, you can book through this method. Generally, this way of booking allows you to browse through the different yachts based on the occasion. 

First, you’ll need to decide the type of event that you’ll be hosting onboard the yacht. Based on the type of event, our data and experience will help narrow down a few suitable yachts specifically for you. 

Of course, bookings don’t have to be strictly celebratory – you can rent a boat to go fishing in the waters of Singapore too! 

Here’s a step-by-step guide on how to book a yacht on Yachtly:

Step 1. Click on the ‘Find Me A Yacht’ button to go to the booking page 

Step 2. Choose the kind of event that you’re hosting on the yacht

For a more customised event, you can click on the “Customised Occasion” section to create an itinerary that’s tailored to your liking. 

In general, the pages for each of these occasions give you an idea on what to expect onboard a yacht. There’s also a recommended itinerary listed on these pages. 

Afterwards, click on the “Find Me A Yacht” button and you’ll be led to the next page.

Step 3. Booking the date

First, choose the desired month and year that you wish to book your yacht.

After that, click on the “Next” button to pick the specific date you want to sail. 

Step 4. Add the number of guests 

The yachts that you can choose from will depend on how many guests will be onboard. In the event your headcount isn’t finalised yet, you can add more guests first. 

Once you’ve decided how many people will be sailing, click on “Next” to go to the reservations page.

Step 5. Choosing your yacht 

Here’s where we shortlist a few yachts for you depending on how many people are coming onboard. You can still modify the date and number of guests even while browsing, so don’t worry.

Once you’ve decided on your yacht, click on it to proceed with your yacht booking.  

Step 6. Book your time slot

On this page, you can review more details about the boat, recommended itinerary, the yacht’s onboard facilities, and any reviews left by previous guests. 

This is also where you choose the start and end timings of your yacht charter. Keep in mind that the minimum yacht rental duration is 4 hours, and that prices may vary according to the time of the day.

Our yachts usually cruise 2 to 3 times a day in pre-determined time slots, and each booking is in 4-hour blocks or more. Additionally, yacht owners may give discounts if you rent the yacht longer. 

You can also have an overnight stay if you’d like. Be sure to email us at [email protected] so that we can make the necessary arrangements. 

Here are some tips we have when choosing a time for your rental: 

• Mornings are cooling and the waters are usually less busy.
• Afternoons are great for those sun-seekers looking to work on getting their perfect tan.
• Evening charters provide the perfect backdrop to a romantic night out on the yacht. Top it off with a dinner under the stars, and see the lights of Singapore’s skyline.

Once you’ve chosen your desired time slot, click “Proceed to Choose My Add-Ons” to head to the next page.

Step 7. Choosing your add-ons

If you want to save the hassle of bringing your own food, you may order the BBQ and BBQ service as add-ons here. 

Do take note that the minimum order for the BBQ is 12 pax, and will include raw and cooked food, drinks, and cutlery. The BBQ service will include the pit rental, set up, cooking, and cleaning by the crew. 

If you don’t need any add-ons, you can skip this step and click on the “Request To Book” button. 

Step 8. Fill in your personal details

Fill up the required information and submit it to Yachtly, and you’re done! 

If you need more information regarding renting a yacht, you can check out our FAQ here. Feel free to contact us for event planning as well. 

Top 10 things to note when renting a yacht in Singapore with Yachtly

As with most things in life, renting a yacht doesn’t come without its own set of guidelines and rules. Each yacht will have its own set of rules that you and your guests should follow. 

The one rule that’s common across all yachts is: Always listen to the captain, and don’t commit any rash or irresponsible acts.

1. Are there any hidden costs? No. The price includes the cost of fuel, amenities, captain, and crew. Any add-ons are just things like the BBQ and City Skyline Cruise, in which the prices will be listed when you make the booking. 2. What happens if I need to cancel my booking? Each yacht has its own cancellation policy. You can view our cancellation policies here .

3. What happens if I need to change my booking after confirmation? Get in touch with us and we’ll help you out.

4. How do I know if my booking is confirmed? You’ll receive a confirmation email with your booking reference, and all details pertaining to the charter.

5. What is the difference between “Instant booking” and “Request to book”? The difference between the two is whether you’re guaranteed a yacht at the date and time you’ve chosen.

6. Can I cook onboard the yacht? No – due to insurance policies, all cooking can only be done by the yacht’s crew.

7. Can I bring my own food and drink?

Yes, of course! Please bring your food into the Marinas yourself, since external vendors aren’t allowed to enter. 

We don’t charge corkage fees either and we encourage responsible drinking. Do keep in mind that red wine is not allowed onboard, since it can stain the decks of the yachts. 

8. Do I have to bring my own cutlery? If you’re bringing your own food and drink, you’ll have to bring your own cutlery. If you’ve ordered food through us, we’ll provide them. Please also bring disposable plastic cups, since the yacht may run out of supplies.

9. Do I need to bring anything else for the charter? We recommend that you bring a spare change of clothes and towels, since a lot of the activities onboard will involve water.

10. What are your terms and conditions? For all the legal details, check our page here.

Other FAQ’s

Is there mobile phone coverage on the yacht? Yes; you should have mobile coverage for the entire duration of your itinerary. The signal at Lazarus Island can be intermittent, but it’s generally workable.

Can I have different amenities than the ones listed on the yacht’s page? Unfortunately, no – these amenities aren’t transferable between yachts.

Can I bring my pets onboard? Sadly, no – pets are not allowed on board the yachts.

Can I sail non-stop? No. The yacht rental fee includes fuel only for the itinerary. The yacht also has to anchor in order to prepare water toys and any food you ordered.

Can I stay overnight on the yacht?  You can! Please drop us an email at [email protected] to find out more.

What if the weather is bad? Singapore’s tropical climate means that sometimes, thunderstorms and passing showers occur. 

If rain happens, the charter will proceed since there is no impending danger to property or any lives. If the rain develops into a thunderstorm, we’ll delay the charter for up to an hour. 

If the weather doesn’t clear up, we’ll reschedule your charter to a mutually agreeable date and time. We recommend contacting your captain to get an onsite assessment of the weather.

Can I ask for more water toys? At the moment, you can only request for additional water toys if the yacht has them. We’re working on making more water toys available in the future.

What’s included when I have the BBQ service add-on? The yacht’s BBQ service is a nominal fee for the crew to set up the pit, cook and serve the food, as well as cleaning it up after.

What kind of food do you provide? While we don’t prepare food in-house, we’ve partnered with reputable catering companies who are Halal-certified such as Neo Group.

We offer a BBQ package which includes cooked food and raw marinated BBQ food. The cooked food will be prepared by the catering company and sent to the yacht in takeaway containers. 

As for the BBQ food, the ingredients will be sent to the yacht and cooked onboard.

What about safety onboard the yacht? Prior to setting sail, the captain will give a safety briefing. It is important to listen to this to prevent any accidents. In the unforeseen event that one does occur, you should inform the captain immediately.

What kinds of safety equipment does the yacht come with? All safety equipment onboard each yacht is regulated by the Maritime Authority of Singapore. They include but are not limited to: life vests, communication, and navigational equipment, among others.

Are children and pregnant women allowed onboard?

Yes! For pregnant women, it’s best that you are in good health so that you can enjoy the trip. 

For children, there are no age limits. Do let us know how many children there will be so we can prepare the appropriate number of life vests for them.

Is smoking allowed onboard?

Rules regarding smoking are different for each yacht. As a general guideline, smoking is only allowed in the rear of the yacht after it anchors. The captain will cover the do’s and don’ts in their safety briefing.

If you need more information regarding our policies for yacht rentals, check out our FAQ here.

Ready for your yacht adventure? Head over to our listings and find yourself the perfect yacht here!  

Don’t want to put a hole in your wallet for a yacht charter? Here’s our guide to planning a yacht party for as low as $500+!

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Utility Pricing

Electricity: $0.50* per kwh water: $3.18* per m³ *subject to prevailing gst, notes on wet berths.

• For visiting crafts, the minimum stay periods are as follows: - 70 to 90 footer: ONE month and above - 100 to 300 footer: TWO weeks and above

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• Reservation deposit upon signing reservation form - 2 months deposit. • Monthly berthing is payable on a monthly basis in advance.

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Please fill in the details of your banqueting enquiry in the form below and we will contact you as soon as possible. thank you. if you require more information, please contact the banquet department at 6768 9485 / 9182 8157 or email to [email protected], please fill this for and we'll get back to you as soon as possible, membership enquiry, please fill in this and we'll get back to you as soon as possible, ordinary membership, sign up by 30th june 2018 and receive s$5,000 spending credits, what are the perks, berthing and rights to attend and vote in the meeting, and to hold office, exclusive invites to club events, one-time free transfer of membership to immediate family member (worth s$6,420), preferential rates for marina lodge, wide range of clubhouse amenities, well-equipped sports & recreational facilities and modern marina, download membership application.

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Yacht and sea boat being exposed to corrosive sea air environment occasionally has an electrical problem. Troubleshooting and repair work can be a slow and tedious job on board the boat with tight space constraint.

Contact our technical specialist for your yacht repair today.

Common Yacht Electrical Problem

Due to the corrosive nature of the sea environment. Protect maintenance against corrosion to the metallic electronic device and copper wiring can help improve the lifespan of your yacht. Problems encountered are mostly related to corroded wires and faulty power supply.

Some of the common electrical problems on board a yacht are,

• Corroded wiring
• Battery replacement and maintenance
• Loss of cabin lighting
• Control panel switch corroded.
• Faulty docking light, hull light, navigation light, anchor light, cockpit lights
• Anchor motor up/down control
• Thru-hull exhaust problem
• On-board sensor fails
• Breakdown water pump, bilge pump, bilge blower
• No Sound from boat horn

Get your Yacht Repaired

Contact PIC-CONTROL for your yacht repair service today.

Get your yacht out safety again, for another fun day at sea.

Also, check out our marine electronic repair service for electronic equipment repair and replacement.

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Boat Maintenance Costs: How to Avoid Any Surprises

Like cars and houses, boats need maintenance, but unlike the other two, they need more of it due to exposure, salt water corrosion, and stresses that come with being a seriously mobile platform. The total cost of boat ownership should include maintenance which can be divided into categories like frequent (monthly), periodic (semi-annually or seasonally) annual, and long(er) term. For example, washing a boat should be done twice a month while the bottom paint may be refreshed every 2-3 years.

Maintenance costs vary with the size of the boat and the complexity of additional equipment such as a generator, water maker, large battery banks, extra refrigerators, sail repair, etc. Usually, maintenance can be estimated as a percentage of the boat price (4-10% of the purchase price for a new boat) but that will vary with how big and complex the boat is, whether it’s owned privately or placed with a charter company like Navigare Yachting, and where it’s kept which will dictate not only the effect of the climate but also the cost of local labor.

If you live aboard the boat, your maintenance costs will be different since the boat is used less as a vessel and more as a home and that stresses different systems. For example, the sails and engine may not be used frequently but onboard systems like the plumbing and refrigeration may need routine upkeep. Upgrades and major repairs are beyond the scope of this discussion and for our purposes, we’ll focus on a 40-50-foot sailing yacht ( monohull or catamaran ).

Frequent and periodic maintenance

Washing – a boat gets dirty and it collects corrosive salt which is why it’s good to wash a boat at least every other week and after every outing. If you do this yourself, you’ll save money, but you must factor in cleaning supplies which can cost at least $100 per year. Professional cleaning quotes will be by size and can vary dramatically from $10-20 per foot per month and more for catamarans that have two hulls and more deck surface.

Waxing – most boats are finished with a gel coat which must be waxed both for protection and to look its shiny best. The best results require buffing with an abrasive chemical polisher and then applying wax. The deck, cabin top, and hull will need to be waxed and this is usually priced per foot and will be more for a catamaran. Waxing should be done every 6-12 months depending on the severity of sun exposure and may cost $1,000-$1,500 each time.

Bottom cleaning – boat hulls that are kept in water attract growth both soft (grasses) and hard (creatures). Growth not only adds weight, but it also adds friction which makes the boat slower and more fuel-hungry. The regularity and necessity of bottom cleaning depend on where the boat is kept, what marine life is present in the water, and even the temperature of the water. Most regular bottom cleaning is done every month and can cost $1-2 per foot of hull.

100-hour service – boat engines need to be serviced and a typical period is 100 hours of use which will come at different times for different boats but can be 1-2 times per year. The oil must be changed, filters (fuel and oil) replaced, belts inspected, and pump impellers replaced if needed. This service is usually charged per hour and will depend on local labor costs.

Seasonal or annual maintenance

Detailing – this comprehensive service is usually done annually and it includes washing, polishing, and waxing of the hull and superstructure. It may also include a deep cleaning of cockpit cushions and fabric structures like dodgers or isinglass enclosures and mitigation of mold and mildew. Rust should be polished off all stainless and the brightwork or varnish on the wooden surfaces may be included. An interior deep cleaning may or may not be included. Pricing will depend on what’s included and the size of the boat. You can expect to pay $30-50 per foot and more for cats.

Winterizing and spring commissioning – if your boat is kept in a cold climate, it may need to be winterized at the end of the season and recommissioned again after a layup. Both processes may include deep cleaning and waxing and equipment care. The process is much like a 100-hour service but also includes flushing of the engine cooling system and inspecting items such as the raw water strainer, the shaft and shaft seal/packing gland, exhaust manifolds, electrical system, generator (which is another engine), transmission fluid and so forth. Don’t forget ancillary equipment like water makers and even the windlass. Again, this service is usually priced hourly and the more engines, the more cost.

Battery inspection and maintenance – today’s boat batteries are often of the sealed kind rather than traditional wet cells which require topping up with fluid. However, even if you have sealed AGM or lithium batteries, it’s good to check them at least once a year to inspect their charge times and discharge capacities to determine how much service life they have left. Replacing batteries may not happen but once every few years on private vessels or more than once a year for boats in the charter that get heavy use.

Long-term maintenance and inspections

Sails and rigging – sailboats will need to have their sails inspected and possibly mended or washed. Dacron cruising sails can last years with normal use while hardworking laminated racing sails are not only more fragile but also more expensive to replace. The running rigging (the lines that manage the sails) is subject to UV damage, flogging, and strain/stretch and may need to be whipped, over-ended, or replaced. Standing rigging, which are the stays and shrouds that support the mast, should be tuned and inspected. Most boat owners will use a professional rigger for this inspection. If the boat is sailed hard and often, this inspection can be annual although, for most boats, it may be sufficient to do it every few years. Riggers are specialized tradesmen and you can expect to pay more than $1,000 for a comprehensive rig inspection and tuning.

Antifouling paint – boats that live in the water need protective ablative or hard antifouling or “bottom” paint. These two types of paints wear differently and are suited to different uses and environments. This service is done in a boatyard and includes power washing (or in extreme cases stripping) the existing paint and reapplying new paint. Osmotic blistering treatment will be an extra charge. Expect to pay upwards of $100 per linear foot of hull depending on the yard and the quality of the paint chosen – and double that in the case of catamarans. The boat will need to be hauled out of the water by the boatyard for this work to be done. Expect $10-20 afoot for the haul-out fee. It’s a good idea to inspect the propeller(s) and grease the folding and feathering kind while the boat is hauled out. This service is additional to bottom painting and is done on an hourly basis.

Miscellaneous maintenance

Your tender and outboard should be included in any maintenance schedule and budget. A RIB (rigid inflatable boat) should be inspected for leaks and the outboard should be serviced including coolant, lower unit lubrication, and the fuel injection system and spark plugs. The windlass, anchor, and chain/rode should also be inspected annually. Flares, lifejackets, and fire extinguishers should also be checked (not maintained) and should be replaced when at their expiration dates. This will add to what most people consider to be part of the maintenance budget.

The importance of maintenance

DIY maintenance is an option, but you must have the skills and the time to do it. Professional services may cost you 3-10 times more than doing it yourself but for some tasks like applying bottom paint or repairing sails, it’s best to leave it to professionals. Pick what you want to tackle (like cleaning or detailing) and leave the rest for others.

How you tackle boat maintenance is up to you but it’s an unavoidable part of boat ownership and you do need to budget for it. Make checklists of what has to be done and don’t underestimate the associated costs. If you don’t take on certain projects for a while, they’ll turn into deferred maintenance issues which can be much more costly later.

If your boat is in the charter as with Navigare Yachting, the maintenance process will be done for you automatically but you should understand the need for it and its costs so you can factor that into your annual budget and avoid surprises at the end of the year, provided that you have chosen the program where you bear the maintenance costs. In our Complete Program , on the other hand, Navigare Yachting will cover the cost of all maintenance!

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How to buy a yacht in Singapore: Cost, size and other factors to consider before sinking your money in

Laura Nineham

The demand for big boys toys is on the rise, and it’ll only continue to grow. Here’s what you ought to think about before joining the party

It doesn’t take much to notice that the demand for yachts has been steadily increasing in Asia in the past few years. Yacht shows – such as the Singapore Yacht Show and Thailand Yacht Show – have reportedly pushed for a fair number of sales. In particular, the number of superyachts (over 79 feet / 24m in length) in Thailand increased by over 50 per cent in the last three years.

According to the 2019 Global Order Book , 78 per cent of yachts being built are motor yachts, with one in four measuring 78 to 88 feet (23 to 26m). But new builds only represent a small portion of yachts available to buyers. There are almost 800 superyachts advertised for sale online, and the majority of these are pre-owned.

Which yacht builder should I go to?

The first – and most important question – is who to buy your yacht with. If you’ve already seen a yacht you like, that solves a lot of issues. But if you need help finding the right yacht, that’s where you need a broker to step in. There are numerous brokers and dealers in Singapore, such as Simpson Marine , Hong Seh Marine and Boat Lagoon Yachting Singapore.

To build or to buy?

Many first-time owners prefer purchasing pre-owned yachts and refurbishing it, as it gives them an opportunity to really understand the workings of the vessel. Price wise, expect an upwards of USD9 million (S$12 million).

Uncovering the (not so) hidden costs

You’ll also have to take into account the upkeep, which includes everything from insurance, fuel, docking fees to crew salaries, maintenance and repair bills and more. A conservative figure to keep in mind would be shelling out 10 per cent of the yacht’s value towards its upkeep every year.

Pleasure pursuits

It’s also important to ask yourself what the main objective of your purchase. Is it for business, where the intention is to charter? Or is it for personal use. If it’s the latter, how open are you to renting it out when it’s not in use? On average, owners are on board just six weeks a year, and chartering the yacht allows them to maximise their purchase.

The charter market is fairly competitive, and this means you’ll need to be very selective about the yacht you’re purchasing. The most popular charter yachts offer equally sized ensuite cabins, plenty of space to entertain, are run by an exceptional crew. They also tend to have the latest amenities like tenders, jet skis, a gym, whirlpool tub and at times, a spa.

You also need to identify your clientele and market share. It’s easy to find a yacht that can accommodate eight people, but when you start looking at 10 or more overnight guests, the number of potential yachts will drop. Ask yourself if that’s a space you’d like to be in. It’s important to be aware that if you want the yacht to accommodate more than 12 guests, the classification rules change and it becomes more complex.

Building: bespoke, classic production or semi-production

For those who have their hearts set on building yacht, you can either go for a bespoke build or a production piece (mass built by the brand).

And here’s where things get slightly trickier. There are roughly 150 new yachts hitting the water every year, but only a few of these are custom builds . If you’re looking for a yacht under 100 feet (30m), consider a production yacht. Price aside, it will be delivered to you much sooner, given that there are less bespoke options on a yacht for you to consider.

If you go with a production yacht, choose between a classic or semi-production yacht, the latter which is essentially a more customised option. Semi-production superyachts sit on a production hull while allowing you to make a number of personal touches, offering the best of both worlds in terms of cost and personalisation.

But if you truly desire a custom-built superyacht, you can take a look at some concepts that have been backed by superyacht yards , or commission a team to craft a yacht that is tailored to your specifications .

Play the waiting game

Commissioning a new build is a complex process that spans years. Expect to wait upwards of three years depending on the size. According to a representative from Benetti Yachts , it takes roughly four years from the time someone toys with the idea of buying a yacht to actually making the purchase.

Choice of marina

Singapore is an obvious choice in the Southeast Asian region, given its lack of severe weather conditions and stable economy, explains Scott Walker, director of Asia Pacific Superyachts Singapore.

The city’s robust banking system is also preferred by the wealthy, which makes it simpler to send or receive money if you’re transferring the purchase price or dealing with charter fees. Plus, Singapore has shipyards and service providers in abundance. Adding to the appeal is the fact that foreign registered yachts can also be exempted from GST on purchases if they go through the proper channels, Walker says.

It’s location as a hub for the region is another reason to keep yachts in Singapore, as it’s within sailing distance to Pulau Tioman in Malaysia and the Anambas Islands in Indonesia.

Size matters

Of course, the marina you select also depends on the size of your yacht. The bigger the yacht, the more challenging it’ll be to find space for her in the region. The most common size for a superyacht is between 78 and 100 feet (24 and 30.5 metres), but that’s on a modest side of the scale. For context, Azzam , the largest yacht in the world measures six times that, at 590 feet (180m). And not many marinas are able to accommodate yachts of that size.

If you decide to keep your yacht in Singapore, you’ll need to ensure the size is under 200 feet (61m), because that’s the maximum size that can be accommodated ONE°15 Marina Sentosa Cove, our city’s most prestigious marina.

With 90 per cent of yachts staying at the marina on a long-term basis, ONE°15 Marina Sentosa Cove is a realistic option for a homeport. But space is competitive: the marina receives more than double the number of enquiries than they have berths each year, reveals Esther Ang, marketing manager of the marina.

In fact, demand is so high that the marina is undergoing renovation. By the end of 2020, it’ll be able to accommodate 19 superyachts, up from its original 12. Yet another reason to berth at ONE°15 is its CIQP facilities, which allows the boats to clear in and out of Singapore at the marina, instead of the Immigration Anchorage.

If you’re thinking of buying a yacht closer to 100 feet (30.5m), your berthing options increase – but the three other marinas in Singapore with space for yachts of this size. When Raffles Marina opens its CIQP facility in October, it may become a more attractive alternative to ONE°15.

How far can it go?

To understand just how long-range your yacht needs to be, you have to know where you’d like to take her. If you plan to cruise the coasts of Malaysia, Thailand and beyond, range is less of a concern because there are a handful of facilities that you can access, such as Royal Selangor Yacht Club, Royal Langkawi Yacht Club and Royal Phuket Marina.

But if you’d like to go somewhere more remote on a regular basis, you’ll need a yacht with a higher range. Take for example Indonesia, where the nearest marina is in Bali, and can accommodate yachts up to 98 feet (30m) in length. In this instance, you should aim for a range above 2,500 nautical miles. Feadship’s Najiba has a range of 6,000 nautical miles , for example, although that is exceptionally far.

For those who’re especially keen on exploring the numerous archipelagos that scatter the region, it’s best to opt for a yacht of a smaller size, which relates to a smaller draft, and ease for exploration. Or maybe consider purchasing a chase boat while you’re at it.

Lastly…

Don’t forget to hire a lawyer right from the start of the process. Buying a yacht is more like purchasing a jet or floating real estate, compared to a car and should be treated with as much scrutiny. We’ll leave you with a tip: Never skip the sea trial or full condition survey, and don’t skimp on doing the due diligence.

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28 Best Yacht Rentals in Singapore [2024]

Looking for the perfect yacht day out here are the best yacht rentals in singapore.

Renting a yacht is one of our favourite ways to spend a day in Singapore. Sail to Lazarus or Hantu Island, do watersports, have a BBQ on board - bliss! It's the perfect way to celebrate a friend's birthday, spend quality time with family, or bond with our team. Find the perfect yacht rental for you here!

Want more? Check out all our handpicked yacht rentals in Singapore here.

Budget Friendly Yacht Rentals

Pet-friendly yacht with amazing crew.

Mare Mio is one of the most popular yachts with the most amazing crew - look at the rave reviews! Mare Mio is not the fanciest yacht (it's cosy and doesn't have AC), but it makes up for that by having a ton of heart, lots of water activities like fishing, and the best price point. PLUS it's pet-friendly so bring your furbaby along! Highly recommended for families.

Suitable for 5-10 persons.

Yacht with Lots of Water Activities

Zen Sea I is great for families or a group of friends who love the water. It's super affordable, has ample room to move about and our favourite thing? It has a wide range of fun water activities like snorkeling gear, floats, fishing rods, a paddleboard, and a kayak to keep the active adults and kids happy!

Suitable for 5-20 persons.

Best-Value Catamaran Yacht

If you're looking for the most affordable Catamaran yacht, this is it. It's not the fanciest catamaran, but White Sails boasts IG-worthy deck nets and lots of room to lounge - all at a very affordable price point. Bonus: They also have a karaoke system for those who would like to sing their hearts out on the open sea!

Suitable for 10-18 persons.

Modern Yacht to Southern Islands

The Tarara is a pretty new, modern yacht that's great for small groups. This yacht sails to the Southern Islands and anchors at Eagle Bay in St John’s Island, where you can swim, go fishing (rods and bait are included), or simply relax and enjoy being on the water. We especially love lounging on the the watermat, so be sure to try it!

Suitable for up to 5-10 persons.

Spacious Great-Value Yacht

If you're looking for a leisurely day out from Sentosa, Golden Ocean could be a good choice. It is a good-sized yacht with multiple areas to lounge, and it provides complimentary use of the gas BBQ grill. Not many water activities are included in the price, but you can add on floaties and fishing equipment if you like!

Suitable for up to 18 persons.

Full Day Fishing Boat with Experienced Instructor

This 9-hour private fishing charter is an amazing deal, if you're looking to fish! It's a pretty basic boat, nothing fancy, but you get a great day out at sea. During this 9-hour private charter, you'll get to learn fishing techniques from an experienced fishing instructor, and bring your catch home! This is kid-friendly (for kids aged 5+), and is perfect for a fun family day out!

Suitable for 4-7 persons.

Amazing Value Fishing Boat for Beginners

If you're looking for the cheapest day out on the water and you've always wanted to fish, this 4-hour private fishing charter is great for you. Here, you'll learn from fishing pros the basics of fishing offshore, how to use a fishing rod, how to tie your own fishing rigs, and learn the different techniques of bottom fishing, Jigging, Tenya and more!

Suitable for 2-4 persons.

Best Yachts for a Birthday Celebration

Spacious catamaran yacht with bbq.

This is one of the more popular sailing catamarans as it's good-value and spacious for a group up to 18 persons. The's lots of watersports gear like kayak, paddleboards and floating mats to keep everyone happy. And if you bring your own food, the crew will be happy to fire up the BBQ for you! Usually BBQ services come with an additional charge for yachts so this is a great perk :)

Suitable for 8-18 persons.

Popular Modern Yacht for Families

This is the perfect yacht for a special occasion, if you have a small group. It's one of the top-rated yachts because it's run by an incredible crew that just wants to make your day super special. It's not huge but it's ideal for a small group, and there's enough room on the deck to lounge in the sun. Book it if you're looking for amazing hospitality, and a crew that treats you like family!

Luxury Sailing Catamaran for a Treat Day Out

This is one of our favourite yachts and a real treat to be on. The Waga Mari is a beautiful modern sailing catamaran, and is perfect for groups that prefer something more luxurious and spacious. Here you'll get top-notch treatment from a wonderful crew and feel pampered! Top tip: Captain Martjin is an amazing cook - so do bring your favourite cuts of meat for him to BBQ on board.

Suitable for 5-27 persons.

Modern Yacht to Hantu Island, with Fun Dives & Yakiniku Grill

This is a lovely modern yacht that foodies would love! It's the only yacht with a yakiniku grill on board. You can bring your own meats to grill, or you can ask the crew to arrange premium cuts of Wagyu and other Japanese food (at additional cost). Here you can choose to sail to Lazarus Island (better for water activities), or Hantu Island (off-the-beaten-path, stronger currents). Monako is also one of the few yachts that offers fun dives for certified divers!

Suitable for 5-10 persons

Romantic Yacht Wine & Dine at Lazarus Island

If you have a special celebration coming up, or are looking to propose, this is a great yacht for it. Here you'll head out to Lazarus Island for a special 2-course meal with complimentary wine. You'll also get to try your hand at fishing - if you catch anything, the crew will BBQ it to add it to your meal! It's one of the most special experiences you can have in Singapore.

Suitable for 2-6 persons

Iconic Junk Boat with Paddleboarding

This iconic junk boat is a crowd favourite for birthday celebrations! It is longer than a usual charter (5-hours instead of 4), so you'll get to fully enjoy your time out on the water. The boat is super cool (very IG-worthy!), the crew is really fun, AND the icing on the cake is that you'll get standup paddleboarding lessons from experienced instructors. Bonus: it's pet-friendly so you can bring your furbaby for an extra memorable day out!

Suitable for 5-13 persons.

Modern Luxury Sailing Catamaran

Aquaholic is modern, well-maintained and one of the newer luxury sailing catamarans in Singapore. Guests have raved about its caring crew and exemplary service - even helping plan a surprise proposal to resounding success! Hop on if you're looking to treat yourself and your loved ones!

Suitable for 5-18 persons.

Spacious Catamaran with KTV & Disco

For party animals, this spacious yacht not only comes with a karaoke system, but also with disco lights! Party the night away with free-flow alcoholic drinks, or even have a cocktail workshop on board (both at an additional cost). The catamaran even boasts a large BBQ pit at the stern should you choose to have a BBQ at sunset off Eagle Bay, Lazarus Island.

Suitable for 5-28 persons.

Pet Friendly Luxury Catamaran Yacht

Ocean Diva is a luxury catamaran, that also happens to be pet-friendly! So if you're celebrating a special occasion, you can have your furbaby (dogs only!) by your side 😉  There are also plenty of water activities to keep you entertained - lounge on the water mat, kayak, and paddleboard!

Suitable for 15-23 persons.

Yachts with KTV Onboard

Modern yacht with entertainment system & water toys.

If you're looking for modern comforts while you're out at sea, try Blessed Yacht. The yacht has spacious AC cabins, 32” plasma television, and karaoke sound system. The galley at the saloon includes a refrigerator and microwave oven. In other words, it is almost like a condo on the wave! For those who don't mind the sun, the yacht also provides lots of water toys!

Suitable for 5-15 persons.

Party Yacht with Fun Water Toys & Towable Float

The High Seas Yacht calls itself the Party yacht, and it's perfect for a small group looking to party out at sea. It has a Karaoke System with 2 mics, 55" TV with Netflix and lots of water toys to entertain! The unique perk of this yacht is that it offers 1-Hour Dinghy rides & Towable Float. That will definitely get the party started on a high note!

Suitable for 5-12 persons.

Spacious Yacht to Lazarus Island with Floaties!

Karaoke system AND floaties - what more could you want for a fun day out?! Why Knot 1 is a spacious, comfortable yacht that's great for a group of friends or family. Anchor at either Lazarus or St John's Island and have some fun in the water with the floaties, watermat and paddleboard provided.

Suitable for 8-20 persons.

Large Yachts for Corporate Events (Up to 30 Pax)

Gorgeous luxury catamaran, with optional catering services.

This luxury yacht is not only gorgeous, it's also one of the few yachts that will also cater food (on request). So it's the perfect yacht for client and team events where you don't need to lift a finger to impress! This elegant catamaran also has many spacious common areas for guests to lounge, including a spacious AC saloon with panoramic windows for those who want to enjoy the sea, without the sun. It's also 5 hours which is perfect time for a corporate event, without feeling rushed.

Suitable for 10-33 persons.

Catamaran with KTV & Lots of Entertainment

The SY Dakota is great if you're looking to impress clients. This is one of the most modern and well-maintained catamaran yachts in town, with lots of room to lounge. You'll also get a ton of really fun complimentary water toys to enjoy! SY Dakota also has a large projector and screen for movie nights under the stars or that more serious work retreat presentation you need to give.

Spacious Sailing Catamaran

If you're looking to wow your guests, hop on the Jyohana. One of the largest sailing catamaran yachts, it has a huge amount of outdoor space for alfresco dining and relaxing. It is one of the rare yachts with 3 kayaks so guests can kayak together in groups, and also provides a dinghy for guests to easily get to shore. For those who prefer the indoors, there's also a Bose Home Cinema System and ASTRO Karaoke System with 10,000 song list in the spacious AC saloon.

Suitable for 10-30 persons.

Modern Fun-filled Catamaran with Fishing

If you're looking for a spacious yacht with a variety activities to keep clients and colleagues entertained, this is the yacht for you. In addition to the water toys onboard, you can also learn to fish onboard with experienced instructors and sing to your heart’s content with the karaoke system! 4 hours won't be enough on this fun-filled yacht so be sure to add-on a couple of hours for the perfect day out 😉 Note that this yacht doesn't allow red wine.

Suitable for 8-30 persons.

Huge Twin Deck Catmaran with Waterslide

This yacht is HUGE. It's the rare twin deck catamaran, so there is a ton of space both indoors and outdoors for large groups to socialise. This is perfect if you require lots of space for people to mingle and socialise (e.g. if most people won't be doing water activities, or if it's an evening event). For extra fun, there's karaoke, and you can also rent a giant waterslide and water scooter! Note though that this yacht isn't BYOB and corkage is chargeable.

Suitable for 5-30 persons.

Spacious Yacht with Large BBQ space, Few Water Toys

Sardinia is a 3-deck high yacht, with a large sheltered area for guests to relax and have a BBQ. It offers complimentary use of the BBQ pit (though cooking services will be chargeable), and the crew are very accommodating. This is good for groups who want a lot of space on the yacht for hanging out and BBQ, but don't need a lot of water activities (only paddleboards are included).

Staycation on a Yacht!

1d1n adventure staycation on a junk boat, with campfire.

This is for those who are up for an adventure! On this authentic traditional junk boat, you'll not only get private paddleboarding lessons at the Southern Islands, you'll also get to enjoy a beach campfire at night, or have a movie night under the stars. Even if you're a complete newbie to paddleboarding, the team of experienced SUP instructors from Island SUP will have you up and paddling in no time. 💪 Bonus: It's also pet-friendly!

Suitable for 5-7 persons.

3D2N Unforgettable Sailing Staycation

Hop on this sailboat for a sailcation you'll remember for life! Here, you can try your hand at sailing, and you'll also enjoy a super unique 3D2N itinerary. Other than Southern Islands & Hantu Island, if the weather permits, you'll also visit the mangroves in Ubin, try wild oyster shucking and even visit the kelongs (floating fish farm).

Suitable for up to 5 persons.

3D2N Luxury Sailing Staycation

If you're looking to really treat yourself and your loved ones, hop on the SY Dakota for a 3D2N luxe sailing seacation! During this seacation, you'll enjoy sailing and water activities at Hantu Island, St John Island, Seletar Island and Ubin. In the evenings, SY Dakota will set up a projector and screen for movie nights under the stars. Bliss! 🤩

Suitable for up to 6 persons.

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Top 10 Best Boat Repair Near Singapore, Singapore

Aaron Marina Solutions

56 Loyang Way

Teck Heng Long Marine Supplies

11 Syed Alwi Rd

West Squadron Marine Services

49 Pandan Loop Blk Q

Pasir Panjang

46 Kim Yam Rd

Robertson Quay

North American Boat Services

10 Anson Rd

Tanjong Pagar

Axsys Technologies

Block-32, Woodlands Crescent

Al-Meridian Marine Services LLP

50, Bukit Batok, Street 23

Bukit Batok

Macmarine Services

190 Clemenceau Ave

Dhoby Ghaut

Beng Kuang Marine

55 Shipyard Rd

Kairos Yacht Charters & Marine

190 Middle Rd

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Sailing in Singapore: A Complete Guide to Rentals, Clubs, and the Best Sailing Spots in Marina Bay, Sentosa Island, and Pulau Ubin

Sailing in Singapore is a unique and exciting experience that offers visitors a chance to explore the city-state from a different perspective. With its warm tropical climate, clear waters, and diverse marine life, Singapore is a perfect destination for sailing enthusiasts. Whether you are a seasoned sailor or a beginner, there are plenty of places to sail in Singapore that cater to all levels of experience.

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Singapore sailing destinations.

Marina Bay is one of the most popular places to sail in Singapore, and for good reason. As the heart of the city, the Marina Bay offers a picturesque view of the iconic Marina Bay Sands and the Merlion. The bay is also home to several sailing clubs, such as the Royal Singapore Yacht Club and the Singapore Sailing Federation, which offer sailing classes and events for both members and non-members.

For visitors looking to rent a sailboat, Marina Bay offers several options. Sailboat rental companies such as Marina at Keppel Bay and ONE°15 Marina Club offer a wide range of sailboats for rent, including both monohulls and catamarans. These companies also provide sailing lessons for beginners, as well as guided tours of the bay for those who want to explore the city from the water.

Marina Bay also hosts several sailing events throughout the year, such as the Marina Bay Cup, which is a major sailing event in Singapore. The Marina Bay Cup is a series of regattas that are held in Marina Bay and is open to sailors of all skill levels. The event is organized by the Royal Singapore Yacht Club and is a great opportunity for sailors to test their skills and compete against other sailors in the region.

For those who prefer a more leisurely sailing experience, Marina Bay offers several options for sunset sails. Visitors can take a sunset sail on a traditional Chinese junk boat, which offers a unique way to experience the city from the water. The boats are decorated with colorful lanterns and offer a comfortable and relaxing way to enjoy the beautiful sunset views over Marina Bay.

In addition to sailing, Marina Bay also offers a wide range of other water activities such as kayaking, paddle boarding and jet skiing. Marina Bay is also home to some of Singapore’s best restaurants, bars and clubs, making it a great place to sail and enjoy the nightlife of Singapore.

Overall, Marina Bay is a great destination for sailing enthusiasts, offering a wide range of sailing options and events for visitors to enjoy. With its picturesque views and bustling atmosphere, Marina Bay is a must-see destination for anyone visiting Singapore.

Sentosa Island

Sentosa Island is another popular destination for sailing in Singapore. Known for its beaches and attractions, Sentosa Island is also a great place for sailing enthusiasts to explore the waters around the island. Sentosa Island is located just a short distance from the mainland, and is easily accessible by ferry, cable car, or monorail.

Sentosa Island offers several options for visitors looking to rent a sailboat. Visitors can rent a sailboat from companies such as Sentosa Marina and Quayside Isle, which offer a wide range of sailboats for rent, including both monohulls and catamarans. These companies also provide sailing lessons for beginners, as well as guided tours around the island for those who want to explore the island from the water.

Sentosa Island is also home to several sailing clubs, such as the Sentosa Cove Yacht Club, which offers sailing classes and events for both members and non-members. The Island also host several sailing competitions and events throughout the year, such as the Sentosa Island Regatta, which is a major sailing event in Singapore. The Sentosa Island Regatta is open to sailors of all skill levels and is organized by the Sentosa Cove Yacht Club.

For those who prefer a more leisurely sailing experience, Sentosa Island offers several options for sunset sails. Visitors can take a sunset sail on a traditional Chinese junk boat, which offers a unique way to experience the island from the water. The boats are decorated with colorful lanterns and offer a comfortable and relaxing way to enjoy the beautiful sunset views over Sentosa Island.

Sentosa Island also offers a wide range of other water activities such as kayaking, paddleboarding and jet skiing. The island also has a wide range of restaurants, bars, and clubs, as well as a variety of attractions such as the Universal Studios theme park, the S.E.A Aquarium, and the Merlion, making it a great place for sailing and entertainment.

Overall, Sentosa Island is a great destination for sailing enthusiasts, offering a wide range of sailing options and events for visitors to enjoy. With its picturesque views and exciting atmosphere, Sentosa Island is a must-see destination for anyone visiting Singapore.

Pulau Ubin Island

Pulau Ubin Island is a great option for those looking for a more secluded sailing experience in Singapore. Located off the northeastern coast of Singapore, Pulau Ubin Island is a rustic and untouched island that offers visitors a chance to explore the natural beauty of Singapore. The island is accessible by boat from Changi Point Ferry Terminal and offers a unique contrast to the bustling city of Singapore.

Sailing in Pulau Ubin Island can be a rewarding experience for visitors, as the island is surrounded by beautiful mangrove swamps and coral reefs. Visitors can rent a sailboat from companies such as Ubin Outdoor and explore the waters around the island, taking in the stunning views of the mangrove swamps and coral reefs. These companies also provide sailing lessons for beginners, as well as guided tours around the island for those who want to explore the island from the water.

Pulau Ubin Island is also home to several sailing clubs, such as the Ubin Outdoor Sailing Club, which offers sailing classes and events for both members and non-members. The island is also a great place for sailors looking for a challenge as it offers a variety of sailing conditions with its shallow waters, strong currents and wind.

For those who prefer a more leisurely sailing experience, Pulau Ubin Island offers several options for sunset sails. Visitors can take a sunset sail on a traditional Chinese junk boat, which offers a unique way to experience the island from the water. The boats are decorated with colorful lanterns and offer a comfortable and relaxing way to enjoy the beautiful sunset views over the island.

Pulau Ubin Island also offers a wide range of other water activities such as kayaking, stand-up paddleboarding and windsurfing. The island also offers several hiking trails and bird-watching spots, as well as a variety of seafood restaurants, making it a great place for sailing and nature exploration.

Overall, Pulau Ubin Island is a great destination for sailing enthusiasts looking for a secluded and natural sailing experience in Singapore. With its beautiful mangrove swamps and coral reefs, Pulau Ubin Island is a must-see destination for anyone visiting Singapore.

Finally, for a truly unique sailing experience, visitors can take a sunset sail on the traditional Chinese junk boat. These boats are a common sight on the waters of Singapore and offer visitors a chance to experience the traditional way of sailing. Visitors can enjoy the beautiful sunset views and take in the sights and sounds of the city from the water.

What you should not do when sailing in Singapore

When sailing in Singapore, there are a few things to keep in mind in order to ensure a safe and enjoyable experience:

• Do not sail in restricted areas: Singapore has strict regulations regarding sailing, and there are certain areas where sailing is prohibited. Be sure to familiarize yourself with the local regulations and avoid sailing in restricted areas to avoid fines or penalties.
• Do not sail in crowded waters: The waters around Singapore can be crowded, especially during peak tourist season. Be sure to keep a lookout for other boats and vessels, and maintain a safe distance to avoid collisions.
• Do not sail without proper safety equipment: Singapore has strict regulations regarding safety equipment, and it is mandatory to carry certain items on board. Be sure to familiarize yourself with the local regulations and carry the required safety equipment to ensure a safe sailing experience.
• Do not sail under the influence of alcohol or drugs: Sailing under the influence of alcohol or drugs is illegal in Singapore, and can lead to serious accidents or injuries. Sail responsibly and avoid consuming alcohol or drugs while on the water.
• Do not sail without proper training or experience: Sailing can be dangerous, and it is important to have proper training and experience before setting out on the water. If you are a beginner, consider taking sailing lessons or hiring a qualified skipper to ensure a safe and enjoyable experience.
• Do not dispose of litter or pollutants in the water: Singapore is a small island country and its waters are already known to be polluted. Be mindful of the impact of human activities on the environment and avoid disposing of litter or pollutants in the water to protect marine life.

By following these guidelines, you can ensure a safe and enjoyable sailing experience in Singapore.

Sailing clubs in Singapore

Singapore is home to several sailing clubs, which offer a wide range of sailing activities for members and non-members. Here are a few of the most popular sailing clubs in Singapore:

These sailing clubs offer a great way for sailing enthusiasts to meet other sailors, improve their sailing skills, and participate in sailing events and competitions. Many of these clubs also offer sailing lessons and rentals for visitors and non-members.

Yacht and Boat rental companies in Singapore

Singapore offers a wide range of options for visitors looking to rent a yacht or boat for sailing. Here are a few popular yacht and boat rental companies in Singapore:

These companies offer a wide range of sailing options for visitors, from hourly rentals to full-day charters, and cater to sailors of all skill levels. They also provide safety equipment, and skipper if necessary, to ensure a safe and enjoyable sailing experience

Singapore Sailing Ranking

Singapore has a strong sailing community and is home to several successful sailors who have achieved notable rankings in national and international competitions. The Singapore Sailing Federation (SSF) is the national governing body for sailing in Singapore and is responsible for developing and promoting the sport in the country.

The Singapore national sailing team has a good track record of achievements in international competitions, such as Asian Games, Southeast Asian Games and World Cup events, and has produced a number of world-class sailors. Some of the notable sailors from Singapore include:

Singapore sailing team and sailors have achieved high ranking in international competitions and have demonstrated that Singapore is a sailing nation to be reckoned with. Singapore sailors have been consistently performing well in the Southeast Asian Games, Asian Games and World Cup events.

Pros and Cons of Sailing in Singapore

Sailing in Singapore has its own set of pros and cons. Here are a few:

• Tropical Climate: Singapore has a warm tropical climate, which is perfect for sailing all year round. The temperatures are usually around 30 degrees Celsius, and the water is warm, which makes it comfortable for sailors to spend long hours on the water.
• Beautiful Scenery: Singapore has a diverse range of scenery, from the bustling Marina Bay to the secluded Pulau Ubin Island. Sailing in Singapore offers a unique way to experience the city and its surroundings.
• Wide range of sailing options: Singapore offers a wide range of sailing options for visitors, from the Marina Bay to Sentosa Island and Pulau Ubin Island. Whether you are a seasoned sailor or a beginner, there is a place to sail in Singapore that caters to all levels of experience.
• Sailing events and competitions: Singapore hosts several sailing events and competitions throughout the year, such as the Marina Bay Cup and the Sentosa Island Regatta. These events provide a great opportunity for sailors to test their skills and compete against other sailors in the region.
• Limited Open Water sailing: Singapore is a small island country and the open water sailing opportunities are limited, sailors will mainly be sailing on the sheltered waters of the bay and straits.
• Crowded waters: The waters around Singapore can be crowded, especially during peak tourist season. This can make navigation more difficult and increase the risk of collisions.
• High cost of sailing: Sailing in Singapore can be expensive, as the cost of renting a sailboat or taking sailing lessons can be high. Additionally, the cost of living in Singapore is relatively high compared to other Southeast Asian countries.
• Strict regulations: Singapore has strict regulations regarding sailing, including mandatory safety equipment and restrictions on the types of boats that can be used in certain areas. This can make sailing in Singapore more challenging for visitors who are not familiar with the local regulations.
• Polluted waters: Singapore waters are known to be polluted, which may be harmful to marine life and can make swimming and sailing less enjoyable.

In conclusion, Singapore is a fantastic destination for sailing enthusiasts, offering a wide range of sailing opportunities for visitors to enjoy. From the bustling Marina Bay to the secluded Pulau Ubin Island, Singapore has something to offer sailors of all skill levels. Whether you’re looking to rent a sailboat, take sailing lessons, or participate in sailing events and competitions, Singapore has a variety of options to choose from. With its beautiful scenery, warm tropical climate, and diverse range of sailing options, Singapore is a must-see destination for anyone interested in sailing. Additionally, the country boasts a strong sailing community, with a good track record of achievements in international competitions, and a wide range of sailing clubs and rental companies that cater to sailors of all levels. Whether you’re a seasoned sailor or a beginner, Singapore is a great destination to explore the beauty of sailing.

Steven T. Anderson

Steven Taylor Anderson is an experienced sailor and author who writes for sailingbetter.com. He has been sailing for over 20 years across the USA and has taken several courses to improve his skills. He has also navigated throughout the world on various boats and yachts. His passion for sailing and knowledge of the sport shines through in his writing, making him a respected authority on the subject.

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• Vessel ltinerary
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• Capital Repairs & Reserves
• Total Expenses =
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Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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How Much Does it Cost to Buy a Yacht in Singapore?

How much does it cost to buy a yacht in Singapore? Well, expect to pay more than the cost of the yacht itself. There are also other expenses that you should take into consideration. This article will discuss just that.

If you want to invest as an expat or high-net-worth individual, which is what i specialize in, you can email me ([email protected]) or use WhatsApp (+44-7393-450-837).

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Introduction

Living on a yacht in the marinas of Singapore and sailing beyond them may be one of the things you’re looking most forward to. You may have already tried renting a yacht and experienced first-hand what it feels like to have one. And, with the experience that traveling by sea gives, you might just want to keep coming back for more. 

Over time, the cost of renting a yacht can add up. It also gives you less freedom to sail whenever and wherever you desire. Because of this, you just may be wondering how to buy a yacht for yourself. Read more to find out how you can start this exciting journey ahead and how much it will cost you.

On average, a new yacht costs $1,219,884 SGD ($887,453.05 USD), while a second-hand yacht costs $683,783 SGD ($497,445.09 USD). However, there are listings that can go as low as $45,773.84 SGD ($33,300 USD) and as high as $40,239,190.57 SGD ($29,185,058 USD). 

Apart from size and age, the cost of a yacht in Singapore is dependent on various factors. First, it depends on whether the yacht is brand new or secondhand. If purchasing a secondhand yacht, determine if the previous owner was a yacht charter company or a private individual. 

Yacht charter companies regularly sell their newly bought yachts in order to replace them with the latest models. This ensures that they offer the best to their customers. For buyers, this means you can find an ex-charter yacht that has been well-maintained, especially if it comes from a reputable charter company. Though upfront costs can be lower, you will also need to consider the cost of repairs. Given that it has been for public use, the interior and exterior are prone to wear and tear.

Second, the type of yacht also matters. The main types of luxury charter yachts are motor, sailing, catamaran, and gulet. 

Third, just as a car from luxury brands such as Audi and Tesla is more expensive, the company that manufactured the yacht also dictates its price. There are different brands to choose from when deciding on what luxury yacht to buy. In line with this, the yacht designer, who meticulously crafted the details of the yacht, also plays a part in its value.

What Other Costs Should I Keep in Mind When Buying a Yacht in Singapore? 

Apart from the cost of the yacht itself, there are other expenses that you should factor into your budget. These are listed below. 

1. Fees to rent a berth and obtain membership in a marina

There are relevant rental fees charged for individuals who intend to berth their yacht at a marina. In Singapore, there are different marinas that you can choose from, such as the following:

• One°15 Marina Club
• Marina at Keppel Bay
• Raffles Marina
• Republic of Singapore Yacht Club
• SAF Yacht Club
• Marina Country Club (Punggol)
• Changi Sailing Club

Each has its own services for berthing, additional amenities, and fees charged. For example, berthing a 50-to-60-foot yacht at ONE°15 Marina costs between $1,920 SGD and $2,300 SGD per month for members. But on average, you can expect to pay anywhere from $480 SGD to $1,500 SGD per month. 

For those who plan to anchor their yacht, this can often be done for free. Take note that this will most likely come with restrictions, depending on where you are. Furthermore, there may also come a time when you decide to store your yacht on land. This would similarly incur expenses to rent space in a storage facility. 

2. Maintenance and repairs of the yacht

For those buying a second-hand yacht, this often involves the need to refurbish both the interior and exterior. But beyond that, all yachts will eventually need maintenance and repairs later on. Expenses for regular cleaning services should also be included. Some would say that annual maintenance costs are roughly 5–10% of the yacht’s value. However, it would still depend on the frequency of use of the yacht and the weather conditions it is exposed to. 

Expect to pay around $1,500 SGD to $2,000 SGD every month. This includes costs for fuel and repairs, should you use your yacht every weekend. The aforementioned amounts still lean toward what you can at least expect, so it may be more than that.

3. Equipment and accessories 

Safety and communication equipment are must-haves when owning a yacht. This ensures that you’re well-prepared for unexpected situations should they arise. In general, it would be wise to keep a life jacket, a first aid kit, mooring lines and fenders, spare fuel, and others. Apart from that, batteries, pumps, lights, and oil are often recurring costs. 

4. Insurance for the yacht

An insurance policy is a prerequisite for all yacht owners prior to the issuance of a pleasure craft license. The appropriate insurance coverage for your yacht will be determined by its size, age, docking place, and how it will be used. Some would advise having enough insurance to purchase a new yacht. This becomes beneficial in the unfortunate event that the whole of your yacht becomes damaged beyond repair or gets lost.

More often than not, insurance plans shoulder the costs associated with damage and/or loss of the yacht, legal liabilities to affected parties, and for the owners of the yacht themselves. Basic insurance plans usually cost $1,200 annually, at the minimum.

5. Getting a Pleasure Craft License and a Driving License 

A pleasure craft refers to any craft that will be used within the port of Singapore for the purposes of sports or leisure. This excludes a craft used to board passengers who will go on sightseeing tours for a fee. When licensed by the Maritime and Port Authority (MPA), the pleasure craft will be prefixed with “SZ.” This indicates that the craft is licensed for private use. The license fee costs between $30.00 and $100.00 per year.    

Apart from that, the person driving the yacht himself must apply for a powered pleasure craft driving license (PPCDL) or an Advanced Powered Pleasure Craft Driving Licence (APPCDL). Prior to the application of a license, the following eligibility criteria must be met:

• Must be at least 16 or 18 years of age
• Must have completed a recognized course about the handling of a powered pleasure craft
• Must have obtained a valid medical certificate 
• Must have completed the PPCDL or APPCDL examinations administered by the Singapore Maritime Academy (SMA)

On average, the courses cost $350, which includes both theoretical and practical lessons. Apart from that, the license examination fees cost between $20.00 and $100.00, while the issuance of the driving license costs $10.00 or $20.00.

With this, be prepared to spend at least $50,000 per year to own a yacht in Singapore. This price gives you the most affordable yacht there is, so it would be better to expect more than that. When you do decide to buy one, you will also have the option of earning money by renting it out. But even when this is not the case, living on the water and being able to explore by sea can make it well worth the investment.

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From planning projects to tracking progress, see how you can make sure nothing falls through the cracks. Stay focused on projects and tasks; no matter when or where you are.

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Aquator Marine was founded based on the belief that the power of yacht management software is becoming increasingly more essential. Accurate, timely and available information is critical to the safety, operability, and longevity of a yacht.  

​In business, we need to make informed decisions, at Aquator, we believe the same principles apply to yacht management and we, therefore, believe there is a better way. Our mission is to revolutionize the way people manage their yachts in a safer, more cost-effective and interactive way.  

We combined our passions, interests, and expertise in yachting, entrepreneurship, and technology to develop Yacht Software solutions.We’re excited to simplify Yacht Management for everyone through our software, education, and community.

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​Aquator Marine develops Yacht Management software with a fully configurable, collaborative and digitally secure web and mobile application.  

Our software consists of extensively customisable components that can be seamlessly imported, edited and organised.​​  

Aquator is designed for yacht owners, captains, crew and companies to support their complex workflows.

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Everything you need for any workflow.

Easily build your ideal workflow with our modules and features. Boost your team’s alignment, efficiency, and productivity by customizing any workflow to fit your needs.

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Centralise all your work, processes, tools, and files into one platform. Connect teams, bridge silos, and maintain one source of truth across your fleet or yacht.

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Collaborate effectively organization-wide to get a clear picture of all your yacht. Stay in the loop with easy-to-use automations and real-time notifications.

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We offer a full range of yacht management services capable of handling the complete spectrum of yacht operations, allowing us to individually tailor the specific support and services needed.

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Our platform has all the tools you need for yacht management, crew management, yacht accounting, refits, and day-to-day running of a yacht. Each module is powerful alone, but the real magic is when they are used together.

We have built an innovative, dynamic and data-driven Yacht Management platform and continue to develop, implement and promote the best Yacht Management innovation and technology practices in a collaborative, open and transparent manner.

We believe our software transforms the way people can manage their yacht-related activities by a fully configurable, collaborative and digitally secure web and mobile application.

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Baltimore bridge collapse: What happened and what is the death toll?

What is the death toll, when did the baltimore bridge collapse, why did the bridge collapse, who will pay for the damage and how much will the bridge cost.

HOW LONG WILL IT TAKE TO REBUILD THE BRIDGE?

What ship hit the baltimore bridge, what do we know about the bridge that collapsed.

HOW WILL THE BRIDGE COLLAPSE IMPACT THE BALTIMORE PORT?

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Writing by Lisa Shumaker; Editing by Daniel Wallis and Bill Berkrot

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Lisa's journalism career spans two decades, and she currently serves as the Americas Day Editor for the Global News Desk. She played a pivotal role in tracking the COVID pandemic and leading initiatives in speed, headline writing and multimedia. She has worked closely with the finance and company news teams on major stories, such as the departures of Twitter CEO Jack Dorsey and Amazon’s Jeff Bezos and significant developments at Apple, Alphabet, Facebook and Tesla. Her dedication and hard work have been recognized with the 2010 Desk Editor of the Year award and a Journalist of the Year nomination in 2020. Lisa is passionate about visual and long-form storytelling. She holds a degree in both psychology and journalism from Penn State University.

Chef Jose Andres says Israel targeted his aid workers 'systematically, car by car'

Celebrity chef Jose Andres told Reuters in an interview on Wednesday that an Israeli attack that killed seven of his food aid workers in Gaza had targeted them "systematically, car by car."

Denmark on Wednesday fired its chief of defence Flemming Lenfter, after he had failed to report about malfunctioning weapon systems during an attack last month on a Danish frigate deployed to the Red Sea.

A cargo ship leaving Russia that made an unscheduled stop at the German port of Rostock is under investigation there for carrying cargo in possible breach of sanctions, German authorities said on Wednesday.

Here's who could be responsible for paying for the Baltimore bridge disaster

• The Francis Scott Key Bridge in Baltimore collapsed after a container ship collided with it.
• Several entities could be on the hook to foot the bill in the aftermath of the disaster.
• The maritime insurance industry will likely be saddled with the highest costs. 

The Francis Scott Key Bridge in Baltimore collapsed on Tuesday after a large container ship ran into it, leading to six presumed deaths and millions of dollars in possible damage.

It's still too early to estimate the total economic impact of the disaster, but between the cost of rebuilding the decades-old bridge, compensating the victims' families , and paying out damages for disruptions to the supply chain, the eventual cost of the disaster is expected to be significant.

Who will pay to rebuild the bridge?

President Joe Biden said on Tuesday the federal government should be responsible for paying to reconstruct the damaged Francis Scott Key Bridge.

"It is my intention that the federal government will pay for the entire cost of reconstructing that bridge, and I expect Congress to support my effort," Biden said.

The bridge was built in the 1970s for about $60 million, but the cost of rebuilding it could be 10 times its original price tag, an engineering expert told Sky News. 

Baltimore is among the busiest ports in the nation , with more than a million shipping containers passing through each year. The collapse — which closed the port to all maritime and most road traffic until further notice — is already beginning to wreak havoc on the supply chain.

The cost of building the bridge back fast enough to offset diversions as much as possible could saddle the government with a more than $600 million bill, David MacKenzie, the chair of the engineering and architecture consultancy COWIfonden, told Sky News.

Who will pay for damages to the ship and its cargo?

The container ship, the Dali , is owned by a Singapore-based firm. The ship's charterer, Maersk, confirmed to Business Insider that vessel company Synergy Group operates the ship. 

However, the companies with cargo aboard the Dali could ultimately be responsible for some of the ship's damages and cargo costs, according to Ryan Petersen , the CEO of the supply-chain-logistics company Flexport, which had two containers on the ship.

Related stories

The Dali was carrying 330 containers that must now be rerouted, Petersen said in an X thread.

An ancient maritime law known as " general average " dictates that companies with even a single container aboard a ship split certain damages pro rata based on the number of containers they had on board, ensuring all the stakeholders benefiting from the voyage are splitting the risk, Petersen said.

General average situations can occur when a ship is stranded or when cargo is damaged or thrown overboard to save the vessel, according to Flexport . The concept helps ensure that all parties who have a vested interest in the vessel share the cost and concern of protecting it.

It's too soon to know whether damages incurred to free the Dali in the coming days will qualify as a case of general average.

Who will pay for everything else?

The majority of the financial fallout is likely to lay primarily with the insurance industry, according to media reports.

Industry experts told the Financial Times that insurers could pay out losses for bridge damage, port disruption, and any loss of life.

The collapse could drive "one of the largest claims ever to hit the marine (re)insurance market," John Miklus, the president of the American Institute of Marine Underwriters, told Insurance Business.

He told the outlet that the loss of revenue from tolls while the bridge is being rebuilt will be expensive, as will any liability claims from deaths or injuries.

The Dali is covered by the Britannia Steam Ship Insurance Association Ltd., known as Britannia P&I Club, according to S&P Global Market Intelligence.

In a statement to Business Insider, Britannia said it was "working closely with the ship manager and relevant authorities to establish the facts and to help ensure that this situation is dealt with quickly and professionally."

Britannia is one of 12 mutual insurers included in the International Group of P&I Clubs, which maintains more than $3 billion of reinsurance cover, sources familiar with the matter told Insurance Business.

Britannia itself is liable for the first $10 million in damages, both FT and Insurance Business reported. Whatever remains is dealt with by the wider mutual insurance group and Lloyd's of London, a reinsurance market in the UK, the FT reported.

Update: March 28, 2024 — This story has been updated to include additional information about general average and clarify that it is too soon to know whether general average will apply in the case of the Dali.

Watch: The container ship that destroyed the Francis Scott Key Bridge has crashed before

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Biden says Baltimore bridge rebuild should be paid for by the federal government after collapse

WASHINGTON — President Joe Biden said he wants the federal government to pay to rebuild the Baltimore bridge that collapsed early Tuesday after a large cargo ship sailed straight into one of the bridge's support pillars.

"We’re going to work with our partners in Congress to make sure the state gets the support it needs. It’s my intention that the federal government will pay for the entire cost of reconstructing that bridge, and I expect the Congress to support my effort," Biden said in brief remarks from the White House before he left for North Carolina.

Biden said that it will take "some time" to rebuild the Francis Scott Key Bridge, which transverses the Patapsco River, but that he told Maryland Gov. Wes Moore, a Democrat, that he's directing the federal government to "move heaven and earth" to reopen the port and rebuild the bridge "as soon as humanly possible."

He said he also plans to visit Baltimore as "quickly" as he can.

"Our prayers are with everyone involved in this terrible accident and all the families — especially those waiting for the news of their loved one right now," Biden said. "I know every minute in that circumstance feels like a lifetime. You just don’t know. It’s just terrible."

Biden said that a search and rescue operation is the top priority and that ship traffic and the Port of Baltimore have been suspended until further notice.

The Port of Baltimore, one of the largest shipping hubs in the U.S., is the top port in America for both imports and exports of automobiles and light trucks, Biden said, noting that 850,000 vehicles are moved through the port annually.

"We’re going to get it up and running again as soon as possible. ... Fifteen thousand jobs depend on that port, and we’re going to do everything we can to protect those jobs and help those workers," he said.

He also said that the bridge is "critical for travel," not just for Baltimore but for the Northeast Corridor, saying more than 30,000 vehicles cross it daily. 

Several vehicles plunged into the water when the collision occurred at 1:30 a.m. ET. At least six people were still believed to be missing, Moore said at a news conference. Sonar used by rescue crews also detected at least five vehicles in the water, he said: three passenger cars, a cement truck and another vehicle.

Moore said the ship, the Dali, which had just left the Port of Baltimore en route to Sri Lanka, notified authorities about a "power issue" on board and issued a mayday moments before the crash. Moore credited that call with saving people's lives.

Rebecca Shabad is a politics reporter for NBC News based in Washington.

What we know about Baltimore’s Francis Scott Key Bridge collapse

The Francis Scott Key Bridge in Baltimore collapsed early Tuesday after being hit by a cargo ship, with large parts of the bridge falling into the Patapsco River.

At least eight people fell into the water, members of a construction crew working on the bridge at the time, officials said. Two were rescued, one uninjured and one in serious condition, and two bodies were recovered on Wednesday. The remaining four are presumed dead. The workers are believed to be the only victims in the disaster.

Here’s what we know so far.

Baltimore bridge collapse

How it happened: Baltimore’s Francis Scott Key Bridge collapsed after being hit by a cargo ship . The container ship lost power shortly before hitting the bridge, Maryland Gov. Wes Moore (D) said. Video shows the bridge collapse in under 40 seconds.

Victims: Divers have recovered the bodies of two construction workers , officials said. They were fathers, husbands and hard workers . A mayday call from the ship prompted first responders to shut down traffic on the four-lane bridge, saving lives.

Economic impact: The collapse of the bridge severed ocean links to the Port of Baltimore, which provides about 20,000 jobs to the area . See how the collapse will disrupt the supply of cars, coal and other goods .

Rebuilding: The bridge, built in the 1970s , will probably take years and cost hundreds of millions of dollars to rebuild , experts said.

• Baltimore bridge collapse: Crane arrives at crash site to aid cleanup March 29, 2024 Baltimore bridge collapse: Crane arrives at crash site to aid cleanup March 29, 2024
• Wes Moore envisioned economic revival. Then the Key Bridge collapsed. April 1, 2024 Wes Moore envisioned economic revival. Then the Key Bridge collapsed. April 1, 2024
• Officials studied Baltimore bridge risks but didn’t prepare for ship strike March 29, 2024 Officials studied Baltimore bridge risks but didn’t prepare for ship strike March 29, 2024

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What to know about the cargo ship Dali, a mid-sized ocean monster that took down a Baltimore bridge

Crews were set to begin removing the wreckage of a collapsed highway bridge in Baltimore on Friday. Maryland Gov. Wes Moore said a large crane, which can lift up to 1,000 tons, would be one of at least two used to clear the channel of the twisted metal and concrete remains of the Francis Scott Key Bridge, and the cargo ship that collided with it this week.

The container ship Dali, owned by Grace Ocean PTE, rests against wreckage of the Francis Scott Key Bridge in the Patapsco River on Wednesday, March 27, 2024, as seen from Pasadena, Md. Investigators began collecting evidence Wednesday from the cargo ship that plowed into Baltimore’s Francis Scott Key Bridge and caused its collapse, while in the waters below divers searched through twisted metal for several construction workers who plunged into the harbor and were feared dead. (AP Photo/Alex Brandon)

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In this image taken from video released by the National Transportation and Safety Board, the cargo ship Dali is stuck under part of the structure of the Francis Scott Key Bridge after the ship hit the bridge, Tuesday, March 26, 2024, in Baltimore. (NTSB via AP)

Here’s what to know about the cargo ship Dali that crashed into Baltimore’s Francis Scott Key Bridge, causing it to collapse and leaving six bridge construction workers presumed dead.

MONSTERS OF THE OCEAN

If stood upright, the Dali would reach almost to the top of the Eiffel Tower in Paris or about two-thirds of the way up the Empire State Building in New York.

It can carry the equivalent of almost 10,000 standard-sized metal shipping containers, and at the time of the accident was carrying nearly 4,700 containers. But while those figures are impressive, the Dali pales in comparison to the world’s largest container ships, which can carry more than 24,000 containers. There are environmental and economic advantages to operating giant container ships , but their sheer size and weight make them difficult to maneuver and stop — especially when something goes wrong.

Dali length: 984 feet (300 meters). Weight: 95,000 tons when empty.

Capacity: 10,000 20-foot (6-meter) containers.

MAYDAY CALL SAVES LIVES

The ship shares a name with one of history’s most celebrated artists, Spanish surrealist painter Salvador Dali.

Built by South Korea’s Hyundai Heavy Industries, one of the world’s largest shipbuilders, the Dali was launched in late 2014. It’s owned by Grace Ocean Private Ltd, flies a Singapore flag and is powered by diesel engines.

Danish shipping giant Maersk had chartered the Dali for a planned trip from Baltimore to Sri Lanka, but the ship didn’t get far, with the crew sending a mayday call early Tuesday saying they had lost power and had no control of the steering system. Minutes later, the ship rammed one of the bridge’s columns, causing the entire structure to collapse within seconds.

The ship was moving at about 8 knots, or 9 mph (15 kph). The mayday gave just enough time for authorities to stop bridge traffic and likely prevent more deaths , but not enough time to clear the construction crew that was filling potholes on the bridge. Divers on Wednesday recovered the bodies of two of the workers.

All of the nearly two dozen crew members from the Dali were accounted for after the accident, with one taken to a hospital with minor injuries.

PASSED PREVIOUS INSPECTIONS

The Dali passed a June 2023 inspection in Chile. A faulty pressure gauge for the fuel heaters was identified but fixed before the vessel left the port, according to authorities. The Dali was then inspected in September by the U.S. Coast Guard in New York, and no problems were found. Before it left Baltimore, the ship underwent routine engine maintenance, according to the Coast Guard.

The container ship Dali, owned by Grace Ocean PTE, rests against wreckage of the Francis Scott Key Bridge in the Patapsco River on Wednesday, March 27, 2024, as seen from Pasadena, Md. (AP Photo/Alex Brandon)

Federal and state officials say the crash appears to be an accident.

The Coast Guard has downloaded the voyage data recorder and sent it to the National Transportation Safety Board, which is building a timeline of what led to the crash, and a preliminary report is expected in the coming weeks. Singapore also plans to carry out its own investigation, which it says will be to identify lessons for the future rather than determine liability.

WHAT’S NEXT

In addition to trying to clear the channel floor of the bridge debris, officials will need to assess the damage to the Dali and make sure it doesn’t leak fuel or sink. Investigators found damage to at least 13 containers on the ship.

The Dali will then likely be towed back to the port and the cargo offloaded.

Transportation Secretary Pete Buttigieg says it’s too early to say how long it will take to reopen the Port of Baltimore or replace the destroyed bridge. He noted it initially took five years to build the bridge .