There is an increasing demand from superyacht owners for yacht management companies to look after their yachts. This upward trend started around 6 months ago and shows the yacht owners’ increasing appreciation of the complex variables associated with ownership. The additional costs of using a professional yacht management service is justified by owners who are seeing significant savings in operational expenses. It is expected that the demand for more professionalism and transparency will soon have an impact on other yacht services like charter, crew placement and brokerage. The yacht industry has changed dramatically in recent years with ever-more complex legal, financial, safety, recruitment and employment regulations covering all areas. Regulatory bodies and flag state requirements have spurred superyacht owners to seek advice and assistance from specialist yacht managers who can offer accurate advice covering the myriad technical and legal complexities.
