Following the success of Cannes Yachting Festival, all eyes have turned towards the prestigious location of Port Hercules in Monaco in what is anticipated to be an unprecedented show, with an all-new "client-focused" format featuring several brand new areas, all of which promises to be nothing short of spectacular. YachtCharterFleet looks back over the past year and considers the pandemic’s affect on the industry, as well as reviewing the latest line up of charter yachts scheduled to make their appearance at this year's Monaco Yacht Show as it returns for its 30th edition, running from 22-25 September 2021.
It is anticipated there will be a total of 181 superyachts on display, both in port and at anchor, at this year’s Monaco Yacht Show, representing nearly 9km in length, with an average length of 49m/160ft and average age of 10 years, with a whopping 72 yachts marking their debut at the show.
Of this total figure, 84 yachts are available for charter, representing 46% of the total yachts attending this year’s show.
These attendance figures are lower than their previous show held in 2019 but not significantly, indicating a buoyant market despite the pandemic and a growing confidence in the continuation of this trend, definitively stamping a seal of assurance on the future of the superyacht industry as a whole.
It's notable that of the 84 charter yachts at the show 67% are also for sale, a significant proportion indicating a high concentration of vessels taking advantage of commercial activity while actively seeking a buyer.
After an initial dip, the pandemic has created an unprecedented uptick in yacht sales, with brokerage firms concentrating their resources in this area and shipyards endeavouring to manage an ever-growing backlog of future orders, which is all good news for the superyacht industry.
This surge in sales is something very few had predicted at the start of the pandemic, however with the tentacular reach of the virus stretching across the globe, a number of UHNWIs looking to get away from travel restrictions and covid-related lockdowns turned their attention to the exhilarating possibilities of owning a yacht.
Yacht's are not only notable for their social-distancing potential, but can also provide a means of escape from a world that is struggling with myriad issues; from religious conflicts and political skirmishes to forest fires and raging pandemics.
And with more superior WiFi capability than ever before, coupled with a raft of excellent onboard amenities, greater range and a whole world to explore, it’s clear to see the appeal for those who had previously been on the fence about buying a yacht.
In terms of chartering, the Mediterranean has had a hugely successful season for 2021, with charter enquiries through the roof despite the limited number of yachts available for charter. This supply issue was mainly down to the fact that many charter yachts were legally bound to honour contracts from the previous year, owing to cancellations and subsequent roll-overs as a result of the pandemic.
That said, it is expected that the number of yachts available for charter will continue to rise as new yacht owners get to grips with the operational costs associated with running a yacht, with some undoubtedly looking to offset these with a number of commercial charters throughout the year.
For end clients, an increase in charter yachts will ultimately offer a broader choice of high quality yachts with a wider range of amenties to suit their needs.
The figures also show that the ratio of crew to guests onboard remains on average 1 for 1 — one crewmember for one guest. This is based on the majority of charter yachts attending the show having a (maximum) sleeping capacity of 12 guests. Overall, this is excellent news and proves the gold standard applied to luxury yacht vacations shows no sign of slipping.
Preceding the show, the Monaco Yacht Summit promises to be a big draw, with a focus on fostering a greater awareness of the vision of the yachting industry, as well as providing the perfect oppportunity to network before the main event.
Looking ahead, it's clear there needs to be an industry-wide drive to increasing awareness of enviromental concerns, especially those that directly affect the marine enviroment, with everyone playing their part; crew, owners, brokers and yards alike, and it is hoped that a number of these key issues will be raised at this year's summit.
With an increased focus towards building more sustainable products and end-users that are becoming ever more green-conscious, its essential we appreciate the significance of these issues as we hurtle towards a new dawn in superyachting.
There are 72 yachts marking their debut at the Monaco Yacht Show 2021, of which 22 are available for charter. We have compiled our selection of some of the latest and best charter yachts in show;
Showcasing distinctive sleek lines that culminate in a 2-meter bowsprit, the newly launched 85m/279ft explorer yacht VICTORIOUS from Turkish yard AK Yachts has already proved herself as something of a head-turner. Couple that with an impressive array of charter-rich features and family-friendly amenities and it's clear to see that she's set on a course to achieve great things.
Onboard highlights include a massive 200m² multi-terrace beach club featuring myriad wellness facilities, swimming pool, sea terrace gym, lounge, wet bar and intimate dining area as well as access to the yacht's toys and tenders including the latest e-powered boards.
She also boasts a 10-seater movie theatre, dedicated children's playroom, wine and cigar clubroom featuring its own fireplace and a full cocktail bar in the skylounge complete with a trained mixologist, perfect for cocktail hour and sundowners.
The stunning 80m/262ft Bilgin yacht almost needs no introduction. Delivered at the start of the year, TATIANA has already enjoyed many plaudits, which is understable given her impressive proportions and huge array of spectacular onboard features, making her one of the finest yachts on the luxury charter market today.
From her spectacular skylounge featuring a porsche-designed pool table, marbled cocktail bar and grand piano to her glorious multi-terrace beach club with a range of wellness facilities, bar and myriad lounging areas, as well as two swimming pools, one on top of the other.
Additional highlights include a sizeable techno gym with state-of-the-art equipment, sound-proofed cinema suite and vast Owner's deck with a private terrace and Jacuzzi.
Representing the first of Sanlorenzo's flagship Steel Line series, the 62m/202ft yacht CLOUD 9 was delivered to her owner earlier in the year before joining the charter fleet at the start of the summer seaon to much acclaim.
Her elegant interiors penned by long-time collaborative designers Francesco Paszkowski and Margherita Casprini comprise a sophisticated palette of neutral creams, creating an overall warm and deeply inviting ambience throughout.
Standout features include a stunning glass-bottomed pool which lies atop a glorious waterside beach club featuring a variety of sumptuous sofas, gymnasium, massage room, Hammam spa and convenient bar for all-day refreshments. She also offers the very latest water sports toys, including a stand-up JetSki and flyboard, tailor-made for daring thrill-seekers!
This dynamic 40m/131ft powerhouse was delivered earlier this year and recently landed Baglietto Yachts the prestigious Best Innovation award in the 30-50m category at the World Yachts Trophies.
Showcasing a sporty masculine exterior accentuated by her plumb bow, this yacht is a design marvel boasting a raft of innovative and crowd-pleasing features.
Highlights include a 65m² panoramic Owner's stateroom featuring two fold-out side balconies, an infinity pool complete with lap counter, large sunbathing area on her sundeck and generous terraced beach club offering a gym, lounging areas and easy access to the yacht's accessories and the sea.
If you’d like to learn more about chartering any of the yachts mentioned in this article please contact your yacht charter broker.
To compare the complete market, take a look at all luxury yachts available for charter right now.
For more information about the show, please read our comprehensive Monaco Yacht Show 2021 event guide.