Welcome to Issue 88 of Ocean Magazine, our final for 2019.
Our front cover features the beautiful Palm Beach 70, their new flagship which recently had her world debut during the 60th Fort Lauderdale Boat Show, Florida. Other reviews include Ocean Alexander’s 88 Sky Lounge, Longreef Yachts’ first 60 SX and the Sabre Express 45.
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The last two months have flown by in a whirlwind, including a frenetic three-week European tour which took in the Cannes Yachting Festival, SailGP Finals in Marseille, and then onto the marvellous Monaco Yacht Show.
I toured some of the most spectacular yachts I have ever seen; the clever use of space, lighting and window configurations made it difficult to define where the inside finished, and the outside started. That was just some of the impressive new technology being installed.
The biggest word on everyone’s lips was sustainability. Along with hybrid-electric, emission-free, high-tech “smart” bridge systems, long-range; eponymous eco buzz words, which are now trickling down to production boats, as major brands start to incorporate superyacht technology and techniques into their smaller vessels.
Many owners are also now starting to lead the charge in demanding more innovations that reduce their vessel’s “hull print” – fewer emissions, onboard systems that recycle waste and alternative power sources, to name a few.
There are some yards in our industry starting to adopt better environmental practices aimed at producing cleaner yachts. Though in saying this, both shows reinforced the disparity that exists between certain companies’ claims of green initiatives and the reality of what happens in the shipyard.
Significant yachts are routinely launched with great fanfare and accompanying media releases which tout their ground-breaking “green credentials”. But what about the yards that are producing these ingenious yachts? Maybe they could also focus on initiatives such as solar arrays, water harvesting and recycling, reducing impact on the environment – actually living and breathing the claims they are making about each vessel.
A commitment to sincere sustainability, as opposed to “greenwashing”, should be one of the priorities of our industry.
In this issue we try and break down the myths, and separate fact from fiction regarding hybrid technology. From the owner’s perspective, what’s the chief reason why they should look at installing it in the first place? While we congratulate the many yards and designers who continue to push the boundaries, it must be acknowledged we still have a long way to go to get to total emission free, and that’s from the ground up.
The big news to hit our industry in the last few weeks was Ferretti Group’s decision not to publicly list a major stake in the company, stating that, despite the interest shown, the deteriorating conditions in financial markets prevented its shares from being properly valued.
In this issue, we examine this very question: the nature of investment models in the yacht-building industry, including the vexed relationship with private equity.
To other features, and our front cover is the beautiful Palm Beach 70. Their new flagship which at the time of time of print, was having her world debut at the 60th Fort Lauderdale Boat Show, Florida. Other reviews include Ocean Alexander’s 88 Sky Lounge,Longreef Yachts’ first 60 SX and the Sabre Express 45.
And for those like me, who are obsessed with the new America’s Cup flying machines, we break down the boats’ design tweaks and try to make sense of who, if any, has got it right.
And with this publication, we close on the 2019 year and our #88th issue of Ocean magazine. I would like to wish all our readers and clients a wonderful summer and holiday season. The team here at Ocean Media look forward to continuing to bring you the spectacular world of boating to your doorstep. Stay safe and all the best for the 2020 year.
Enjoy, and see you on the water soon.
Managing Director and Editor-in-Chief
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