Latest news with #YachtClubdeMonaco
Yahoo
19-05-2025
- Business
- Yahoo
Monaco: Spring Pop-Up at the Yacht Club, United Towards Sustainable Transition
MONACO, May 19, 2025 (GLOBE NEWSWIRE) -- Sustainable transition, energy-efficient refits, and environmental classification of recreational vessels were the key themes of the 2025 Spring Pop-Up organized by the Cluster 'Yachting Monaco' on May 15th at the Yacht Club de Monaco. The event brought together the entire Monegasque yachting ecosystem – shipyards, yacht owners, designers, suppliers, and port authorities – around a common goal: to act proactively in guiding the sector toward sustainable growth, already aligned with evolving European regulations. Three roundtables animated the discussion. The first, chaired by Vincent Huens de Brouwer, examined the contributions of related sectors. Vianney Vautier, Chief Operating Officer of Orient Express (Accor Group), presented the 'Orient Express Corinthian' project, the largest sailing yacht in the world (220m): 'The best fuel is the one that doesn't combust'. Equipped with 6,000 sensors and a digital twin, the vessel allows them to 'simulate each itinerary to identify gaps in consumption and correct them'. Victor Gibon, Project Manager at JIFMAR GROUP Canopée, shared the experience of the first hybrid cargo ship powered by rigid sails: 'We recorded an average 20% reduction in fuel consumption across the Atlantic. Under optimal conditions, this can reach 50%, or even 100% in sail-only mode'. Victor Collazos, Decarbonisation Program Manager at offered a regulatory overview: 'Yachting today accounts for 0.3% of global maritime emissions. It may seem small, but regulation is inevitable', he said, referring to the new requirement for ships operating in Europe to have an energy label from A to E. The second roundtable, moderated by naval architect Espen Øino, gave a voice to yacht owners. Laurent Reiss (M/Y Asteria) shared his family's experience navigating remote areas, highlighting the importance of 'autonomy, robustness, and onboard equipment'. Frank Binder, owner of M/Y XEIA, criticized the 'uniformity of design', while Heigo Paartalu, Managing Director and co-founder of YachtWay – M/Y 'Vanquish VQ55 & VQ58', emphasized that 'every square meter must be multifunctional—for example, a sun deck should be able to turn into an outdoor kitchen for entertaining'. All participants pointed out challenges in managing crews. Reiss stated: 'The rotation system sounds like a good idea, but in practice it's more convenient for the crew member than for the owner'. The third and final session, moderated by David Seal, focused on sustainable refitting. Robin Savigny, Energy Efficiency Project Manager at SMEG / SMART+, showed that a 24% saving in electricity consumption on a 60-meter yacht, equivalent to €48,000 per year, is achievable. Arthur Bohr, Monaco Site Director and Key Account Director at Monaco Marine, noted that '70% of the global fleet is over ten years old', and that by simply replacing 520 halogen bulbs with LEDs on a 50-meter yacht, 'up to 57,000 liters of fuel per year can be saved'. Natalie Quévert, General Secretary and SEA Index Project Manager, stressed the importance of measurement: 'Our certification allows owners to position their yacht on an energy intensity scale'. She added: 'Some older boats, if well-designed and well-balanced, achieve excellent scores. Conversely, some recent or hybrid yachts can be surprisingly impactful'. With 100 member companies and €567 million generated in 2022 (equal to 3% of the Principality's GDP), the Cluster 'Yachting Monaco' confirms its role as a key player in guiding the sector toward real and measurable sustainability. Real and measurable. For more information:- A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Entertainment
- Yahoo
Monaco: Knox-Johnston visits Yacht Club, set to chair ‘Classic Week' jury in September
MONACO, May 12, 2025 (GLOBE NEWSWIRE) -- Yacht Club de Monaco (YCM) hosted an exceptional evening with Sir Robin Knox-Johnston, ocean sailing legend and the first man to complete a solo, non-stop circumnavigation of the globe. The event, part of YCM's mission to promote maritime culture by blending tradition and innovation, also officially launched the 17th edition of the 'Monaco Classic Week–La Belle Classe' (10–13 September 2025), a world reference in classic yachting. Welcomed by distinguished yacht owners and sailors such as Sir Lord Laidlaw, Harold Cudmore, Saskia Clark, and Marc Pajot, Knox-Johnston shared images and memories of his historic voyage aboard the ketch 'Suhaili', which departed from Falmouth in 1968. 'Solitude is a pitiless mirror - he said - You discover your flaws. For me, I realised I could be a bit lazy. But you don't have that luxury. The boat doesn't give you that choice – it forces you always to act.' The bond between Knox-Johnston and the Principality continues: he will return to chair the jury of the 'Monaco Classic Week', where 'Suhaili' will also be present. 'It's a fantastic event and the most important in the world of classic yachting. It's a great privilege to be president of the jury,' he added. Further underscoring YCM's commitment to combining heritage and innovation is the participation of Vice-President Pierre Casiraghi in the 'Admiral's Cup' (17 July – 1 August 2025). He will sail alongside Boris Herrmann aboard the Carkeek 40 'Jolt 6', a project supported by YCM member and Jolt's owner Peter Harrison. The Monegasque team will also field a second yacht, the TP52 'Jolt 3' reinforcing the club's presence in major international competitions. During the evening, Sir Robin retraced the most dramatic moments of his feat: storms in the Roaring Forties, rounding Cape Horn ('a big moment for any sailor'), and four and a half months without communication: 'Everyone thought I was dead'. But it wasn't only a journey through history. Knox-Johnston also highlighted his ongoing contribution to training future sailors through the 'Clipper Round the World Yacht Race', which he founded in 1996. '40% of my crew members have never sailed before. They're the easiest to train because they don't have bad habits.' In 2013, he was awarded the title 'Personnalité de la Mer' by H.S.H. Prince Albert II. Even today, at 85, he continues to inspire with a clear message: 'The sea teaches you patience. You cannot conquer it. It doesn't even notice you. You have to listen to it to understand it'. For more information:- A photo accompanying this announcement is available at
Zawya
14-03-2025
- Business
- Zawya
Saudi Red Sea Authority takes key steps to boost yacht tourism
The Saudi Red Sea Authority (SRSA) is driving significant growth in the kingdom's coastal tourism sector, supported by ongoing government efforts to position KSA as a leading global tourism destination in line with Vision 2030. With increasing interest in yacht tourism both locally and internationally, SRSA has intensified its regulatory role, issuing comprehensive frameworks such as the Saudi Yacht Regulation, the Visiting Yachts Regulation, the Large Yacht Chartering Regulation, and the Marina Design and Operations Regulation. These efforts aim to enhance marine infrastructure, ensure environmental sustainability, and encourage investment in coastal tourism. In collaboration with its partners, SRSA has accelerated infrastructure development along the Red Sea, issuing 29 tourism licenses that have strengthened the economic landscape for yacht tourism. Among these, three were granted to yacht chartering companies, 10 to marina operators, and 5 to technical service providers in leisure and tourism, fostering a thriving marine tourism ecosystem, it stated. The Red Sea region, spanning 1,800 km of coastline, is home to over 1,000 islands, 150 pristine beaches, and 3,200 cultural and tourism assets, including heritage villages, vibrant markets, and active maritime ports. Such natural and cultural assets provide a strong foundation for Saudi Arabia's emerging yacht tourism industry. SRSA has been actively engaged in fostering international partnerships to enhance investment opportunities. It participated in major global yacht and maritime exhibitions, including the Monaco Yacht Show 2023 and the Dubai International Boat Show 2024, with the goal of adopting best practices in yacht tourism and strengthening global collaboration. The authority signed agreements with leading institutions such as the Yacht Club de Monaco and the Prince Albert II of Monaco Foundation to advance Saudi Arabia's coastal tourism sector. By providing technical, administrative, and advisory support to both local and international investors, SRSA is ensuring a streamlined investment experience that aligns with Saudi Arabia's broader strategy of attracting global investors through regulatory simplifications, tax incentives, and infrastructure development. Through its ongoing efforts, SRSA is transforming Saudi Arabia's yacht tourism industry by offering exclusive and tailored experiences that cater to both tourists and yachting enthusiasts. By 2030, the authority aims to attract 250,000 visitors for yacht-related activities, generate approximately $2.9 billion in tourism spending, and create an estimated 28,000 jobs in the sector, contributing to the Kingdom's economic diversification goals. According to SRSA, the yacht tourism is a crucial element of global coastal economies with the yacht market hitting $7.67 billion in 2023 and projected to growth to $17.33 billion by 2032. Europe led the market in 2023, accounting for 47.58% of the global sector, it stated. SRSA pointed out that Italy served as a prime example of the economic significance of yacht tourism, with its marine industry growing 3 times faster than its gross domestic product (GDP) between 2012 and 2022. In 2022, Italy held over 50% of the world's yacht manufacturing orders and supported approximately 157,000 jobs, it added. With continuous advancements in regulatory policies, infrastructure expansion, and international collaboration, SRSA said it is committed to positioning Saudi Arabia as a premier global destination for yacht tourism. These efforts align with Vision 2030's broader objectives of enhancing the Kingdom's tourism and economic landscape, ensuring that Saudi Arabia remains a key player in the global yacht tourism industry, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
13-03-2025
- Business
- Trade Arabia
Saudi Red Sea Authority takes key steps to boost yacht tourism
The Saudi Red Sea Authority (SRSA) is driving significant growth in the kingdom's coastal tourism sector, supported by ongoing government efforts to position KSA as a leading global tourism destination in line with Vision 2030. With increasing interest in yacht tourism both locally and internationally, SRSA has intensified its regulatory role, issuing comprehensive frameworks such as the Saudi Yacht Regulation, the Visiting Yachts Regulation, the Large Yacht Chartering Regulation, and the Marina Design and Operations Regulation. These efforts aim to enhance marine infrastructure, ensure environmental sustainability, and encourage investment in coastal tourism. In collaboration with its partners, SRSA has accelerated infrastructure development along the Red Sea, issuing 29 tourism licenses that have strengthened the economic landscape for yacht tourism. Among these, three were granted to yacht chartering companies, 10 to marina operators, and 5 to technical service providers in leisure and tourism, fostering a thriving marine tourism ecosystem, it stated. The Red Sea region, spanning 1,800 km of coastline, is home to over 1,000 islands, 150 pristine beaches, and 3,200 cultural and tourism assets, including heritage villages, vibrant markets, and active maritime ports. Such natural and cultural assets provide a strong foundation for Saudi Arabia's emerging yacht tourism industry. SRSA has been actively engaged in fostering international partnerships to enhance investment opportunities. It participated in major global yacht and maritime exhibitions, including the Monaco Yacht Show 2023 and the Dubai International Boat Show 2024, with the goal of adopting best practices in yacht tourism and strengthening global collaboration. The authority signed agreements with leading institutions such as the Yacht Club de Monaco and the Prince Albert II of Monaco Foundation to advance Saudi Arabia's coastal tourism sector. By providing technical, administrative, and advisory support to both local and international investors, SRSA is ensuring a streamlined investment experience that aligns with Saudi Arabia's broader strategy of attracting global investors through regulatory simplifications, tax incentives, and infrastructure development. Through its ongoing efforts, SRSA is transforming Saudi Arabia's yacht tourism industry by offering exclusive and tailored experiences that cater to both tourists and yachting enthusiasts. By 2030, the authority aims to attract 250,000 visitors for yacht-related activities, generate approximately $2.9 billion in tourism spending, and create an estimated 28,000 jobs in the sector, contributing to the Kingdom's economic diversification goals. According to SRSA, the yacht tourism is a crucial element of global coastal economies with the yacht market hitting $7.67 billion in 2023 and projected to growth to $17.33 billion by 2032. Europe led the market in 2023, accounting for 47.58% of the global sector, it stated. SRSA pointed out that Italy served as a prime example of the economic significance of yacht tourism, with its marine industry growing 3 times faster than its gross domestic product (GDP) between 2012 and 2022. In 2022, Italy held over 50% of the world's yacht manufacturing orders and supported approximately 157,000 jobs, it added. With continuous advancements in regulatory policies, infrastructure expansion, and international collaboration, SRSA said it is committed to positioning Saudi Arabia as a premier global destination for yacht tourism.
Gulf Insider
13-03-2025
- Business
- Gulf Insider
Saudi Arabia Targets $2.9bn Red Sea Tourism Spend and 28,000 Jobs as It Becomes Yachting Hub
Saudi Arabia is targeting a coastal tourism boom and establishing a yachting industry and community as it targets seafaring visitors. The Saudi Red Sea Authority (SRSA) is driving significant growth in Saudi Arabia's coastal tourism sector, supported by ongoing government efforts to position the Kingdom as a leading global tourism destination in line with Vision 2030. Ambitious targets to attract 250,000 visitors for yachting activities and generate nearly $3bn in tourism spending will push coastal tourism in the Kingdom. Saudi Red Sea tourism With increasing interest in yacht tourism both locally and internationally, SRSA has intensified its regulatory role, issuing comprehensive frameworks such as the: Saudi Yacht Regulation Visiting Yachts Regulation Large Yacht Chartering Regulation Marina Design and Operations Regulation These efforts aim to enhance marine infrastructure, ensure environmental sustainability, and encourage investment in coastal tourism. In collaboration with its partners, SRSA has accelerated infrastructure development along the Red Sea, issuing 29 tourism licences that have strengthened the economic landscape for yacht tourism. Among these, three licences were granted to yacht chartering companies, 10 to marina operators, and five to technical service providers in leisure and tourism, fostering a thriving marine tourism ecosystem. The Red Sea region, spanning 1,800km of coastline, is home to more than 1,000 islands, 150 pristine beaches, and 3,200 cultural and tourism assets, including heritage villages, markets, and active maritime ports. Such natural and cultural assets provide a strong foundation for Saudi Arabia's emerging yacht tourism industry. SRSA has been actively engaged in fostering international partnerships to enhance investment opportunities. It participated in major global yacht and maritime exhibitions, including the Monaco Yacht Show 2023 and the Dubai International Boat Show 2024, with the goal of adopting best practices in yacht tourism and strengthening global collaboration. The authority signed agreements with leading institutions such as the Yacht Club de Monaco and the Prince Albert II of Monaco Foundation to advance Saudi Arabia's coastal tourism sector. By providing technical, administrative, and advisory support to both local and international investors, SRSA is ensuring a streamlined investment experience that aligns with Saudi Arabia's broader strategy of attracting global investors through regulatory simplifications, tax incentives, and infrastructure development. Through its ongoing efforts, SRSA is transforming Saudi Arabia's yacht tourism industry by offering exclusive and tailored experiences that cater to both tourists and yachting enthusiasts. By 2030, the authority aims to attract 250,000 visitors for yacht-related activities, generate approximately $2.9bn in tourism spending, and create an estimated 28,000 jobs in the sector, contributing to the Kingdom's economic diversification goals. Globally, yacht tourism is a crucial element of coastal economies. In 2023, the global yacht market was valued at $7.67bn, with projections indicating growth to $17.33bn by 2032. Europe led the market in 2023, accounting for 47.58 per cent of the global sector. Italy serves as a prime example of the economic significance of yacht tourism, with its marine industry growing three times faster than its gross domestic product (GDP) between 2012 and 2022. In 2022, Italy held more than 50 per cent of the world's yacht manufacturing orders and supported approximately 157,000 jobs. With continuous advancements in regulatory policies, infrastructure expansion, and international collaboration, SRSA is committed to positioning Saudi Arabia as a premier global destination for yacht tourism. These efforts align with Vision 2030's broader objectives of enhancing the Kingdom's tourism and economic landscape, ensuring that Saudi Arabia remains a key player in the global yacht tourism industry.
