Carter Marine Agencies’ Post

Princess Yachts to cut 260 jobs amid “challenging market conditions” Princess Yachts has announced plans to cut approximately 260 jobs, citing what its chief executive described as “the most challenging commercial conditions in the company’s history.” 👇 Read more here: https://lnkd.in/g8VGgc8W

We have been examining the challenges facing the yachting industry for some time now. According to various market reports, we are witnessing a decline in sales year after year, alongside increasing environmental pressures and a plethora of unexpected events impacting the market, such as pandemics, conflicts, and economic shifts. 🌍 Many companies are feeling the impact of these changes and challenges firsthand. Princess Yachts is the latest example of a business that has been struggling recently. They have now opted to reduce the number of hourly paid staff and make cuts affecting areas such as feeder factories, development, fit-out, external crew, quality assurance, and other operational support functions. 📊 The challenges mentioned at the beginning could potentially lead to positive outcomes. We are compelled to be more innovative, sustainable, and creative. However, if companies continue to reduce their workforce in critical areas like development or quality, as Princess Yachts intends to do, is this truly beneficial for the industry? Can such companies succeed in the future with the understanding that competition will only intensify from more innovative and forward-thinking firms? I have some concerns in that matter. 🤔 What are your thoughts on this issue? What essential transformations must the yachting industry undergo to adapt to future challenges? Please share your insights in the comments below! 👇 Read more about Princess Yachts plans in the SuperYacht Times article 👉 https://loom.ly/IZd4lvU And more on yachting industry difficulties and solutions for 2025 in the Boating Industry in this article 👉 https://loom.ly/PJYv15c #yachtingindustry #yachtingmarket #superyachts

Introduction: The Reality of Yacht Brokerage The allure of yacht brokerage is undeniable: a lucrative career coupled with a glamorous lifestyle of yachts, sunshine, and exclusive clientele.

In the dynamic world of luxury yachting, effective management is the cornerstone of operational excellence and client satisfaction. Based on insights from our seasoned Yacht Management Team, particularly our Head of Yacht Services Jason Gilbert, this article explores the top five tips for achieving operational efficiency in yacht management. Full article: https://lnkd.in/eBHHvinA

What is a Yacht Owner Representative? A yacht owner representative is the bridge between the yacht owner and all stakeholders, ensuring their vision, investment, and satisfaction are protected at every stage. This dynamic role requires blending technical expertise, operational management, and human diplomacy to deliver a seamless yachting experience. As a representative, being available is paramount. You must be ready to fly overseas on short notice to meet the yacht owner or step aboard the vessel. Building and maintaining strong relationships is key, and that often means being present when it matters most. The job also demands a deep understanding of yacht operations, from engineering and maintenance to legal compliance and budgeting. Knowing your craft inside and out not only helps you perform your tasks efficiently but also gives you more time to focus on managing the human factor—the crew, service providers, and everyone involved. Diplomacy plays a crucial role here, as smooth interpersonal dynamics often make all the difference in this industry. Success in this role requires a unique set of skills: -Availability to respond and act promptly. -Engineering knowledge to address technical challenges. -A technical approach to problem-solving. -Reliability and discipline to inspire trust. -Exceptional diplomacy to manage relationships. -And above all, an unconditional love for the job and the people who make the yachting industry what it is. Being a yacht owner representative is about more than managing assets; it’s about creating and sustaining an experience that reflects the owner’s aspirations while navigating the complexities of an intricate, global industry. #yachtinglife #yachtmanagement #luxurylifestyle #maritimeexpertise #AlexPlent #yachtlifestyle #superyachts #yachtingworld #luxurytravel #yachtservices #yachtmanagementexpert #maritimeindustry #yachtcrew #globalyachting #yachtowner

At Newton Crew, we don’t just place exceptional talent; we create partnerships that elevate your yachting experience. Our recruitment approach is tailored to bring unmatched luxury and staff retention to your vessel, ensuring seamless operations and an atmosphere of elegance. Why Choose Newton Crew? Luxury is Standard: Your yacht deserves a team that understands the art of five-star service. Newton Crew carefully selects professionals who are trained to deliver exceptional hospitality and expertise, ensuring every detail exceeds expectations. Retention You Can Rely On: High turnover disrupts the harmony onboard. That’s why we focus on recruiting crew members who align with your values, fostering commitment, loyalty, and long-term success for your vessel. Excellence in Every Role: From chefs crafting unforgettable meals to captains with impeccable leadership, we provide highly skilled professionals who understand the demands of luxury yachting. Your Yacht, Our Expertise: Newton Crew is your partner in building a world-class team dedicated to delivering the smoothest operations and most refined service. With us, you’ll enjoy the consistency and peace of mind that comes from having a loyal and skilled crew. Elevate your yacht experience with Newton Crew—where luxury and loyalty are at the helm.

IS YACHT MANAGEMENT ESSENCIAL? Commercial yachts over 500GT must comply with Flag State regulations, but private and sub-500GT yachts benefit greatly from management support. Yacht management ensures smooth operations, compliance, and efficiency. Let us explain briefly the main reasons why your yacht needs management. https://lnkd.in/dhqhBKD8 #YachtManagement  #MaritimeCompliance  #CommercialYachts  #PrivateYachts  #YachtEfficiency  #FlagStateRegulations 

The U.S. yacht brokerage market is evolving, and as we head into the 2024 Fort Lauderdale International Boat Show, we sat down with two of our Sales and Purchase specialists based in the U.S. to shine a spotlight on some of the key trends. Discover how the luxury yacht sales market in the U.S. is now stabilising post-pandemic, and where demand is growing strong this year. We also discuss the diverse selection of yachts being showcased at this year's FLIBS, and how visitors can meet industry experts and seek advice from our professional yacht consultants. 🔗https://lnkd.in/eH5_vzqV

Importance of Pre-Purchase or Condition Surveys for Yachts   Buying, refitting or repairs: Why you should prioritize Pre-Purchase or Condition Surveys on your Yacht.    - Acquiring a yacht is a major investment, and navigating the complexities of a pre-purchase survey can be daunting (or overwhelming), especially without technical expertise. Yet, these surveys are vital for ensuring a smooth and informed yacht purchasing process. - Condition surveys are just as important for planning necessary repairs or refits. - Understanding the exact condition of your yacht at all times is never a waste of time or money. Here's why prioritizing this step is important:    PRE- PURCHASE SURVEYS 1. Avoid Unexpected Costs 🔎 Uncover Hidden Issues: Detect structural defects or other problems before finalizing the purchase. 🤝 Negotiate Terms: Use survey findings to negotiate repairs or adjust the purchase price. 💸 Prevent Future Expenses: Addressing issues early can save you from costly repairs later.   2. Gain Transparency and Confidence ⚖️ Unbiased Evaluation: Receive an impartial assessment of the vessel's condition. 🎯 Informed Decisions & Comprehensive Insights: Proceed with all the necessary information at your disposal and understand what you're purchasing to make confident decisions.   CONDITION SURVEYS 1. Protect Your Investment- 💰 Preserve Value: Maintain the vessel's long-term value by finding and resolving issues promptly. ⚓ Optimal Condition: Verify that structural and mechanical components are in good shape to enjoy your yacht and avoid failures during the season.   2. Achieve Peace of Mind 💹 Avoid Surprises: Know all potential costs upfront to avoid unexpected expenses. 🚢 Satisfaction: Enjoy the process, knowing you've made a wise investment decision & enjoyable experience of owning a yacht. Additional Benefits Conducting a survey is a strategic move that can save you from costly mistakes and ensure your investment is secure. It is an essential step that can make the difference between a sound investment and a financial headache.   Expert Support from MLC Yachting   MLC Yachting offers comprehensive marine surveys. With extensive experience in yacht management and engineering, we provide consultancy services for condition and pre-purchase yacht surveys. Our approach is straightforward, offering an actionable technical & photographic report that is easy to understand, regardless of your level of knowledge. This enables you to make informed decisions about buying, refitting, or repairing your yacht.   For customized solutions in English, French, or Italian, reach out to Marco at marco@mlcyachting.com or call +33 (0) 7 81 88 70 64. 🌐 Visit MLC Yachting’s website at mlcyachting.com. 🌊--- Expert consultancy and unwavering support for efficient compliance and technical management in yacht operations.  

From Superyacht Service to Global Wine Executive: A Career Transition Success Story 🚢 → 🌎 Tom's journey from Chief Steward to a thriving career in international fine wine sales showcases how maritime hospitality expertise can translate into shore-based success. Starting as a steward in 2016, he leveraged his WSET qualifications and luxury service experience to build a remarkable career path. Key Career Transition Insights: 👉 Identify and capitalize on specialized skills 👉 Invest in continued professional development 👉 Maintain realistic expectations during the adjustment period 👉 Focus on long-term career sustainability 👉 Recognize the value of your luxury service background His story highlights an important truth: your yachting experience isn't just a chapter in your career - it's a foundation for professional growth. Tom's success in Napa Valley, exceeding his previous yacht income, demonstrates that with the right strategy and mindset, shore-based opportunities are boundless. 🔷 Are you contemplating your next career move? 🔷 Looking to leverage your yachting experience? 🔷 Ready to explore shore-based opportunities? Read Tom's full transition story here below: #CareerTransition #MaritimeCareers #ProfessionalDevelopment #CareerGrowth #YachtingIndustry #LeadershipDevelopment #CareerChange #SuccessStory #WineIndustry #LuxuryHospitality"