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• selector#option">Choose from list
• selector#option">Chartering a yacht
• selector#option">Buying a yacht
• selector#option">Selling a yacht
• selector#option">Insurance
• selector#option">Yacht Management
• selector#option">Charter Management
• selector#option">Looking for Crew
• selector#option">Career in yachting
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THE IYC SALES FLEET

IYC enjoys one of the most comprehensive selections of yachts for sale on the market today. Valued at more than $1 billion, our sales fleet comprises new builds and used boats, motor and sail, across all size ranges from the world’s top yacht builders and international designers. In addition, IYC holds a growing collection of engineered full-custom concepts available for owners who are interested in creating something exceptional. In representing such a large and varied portfolio of the finest superyachts available , we guarantee our clients benefit from the most competitively priced deals around. A quick browse of our luxury yacht listings will reveal the scope of what IYC has to offer. For a more tailored approach, our experienced team of specialists provide advice and guidance on how to find the most suitable vessel to match your requirements, working with you to create a bespoke selection of options.

DISCOVER THE RIGHT YACHT 

The yacht ownership experience can be a wild and exhilarating ride. Whatever your vision, our award-winning team of brokers and consultants are here to help you navigate that journey, from discovering which type of yacht is right for you to deciding on the amenities that truly matter. Our team of experts will put together a tailored portfolio of yachts for you to browse, spotlighting exclusive features that make each vessel stand out. By leveraging the expertise and reach of our global network of specialists who will walk you through the best yachts within the international sales fleet, you benefit from their negotiation skills and experience of working closely with brokers across the globe. Operating from strategically placed offices around the world , our teams on the ground are privy to the latest market shifts, data analysis and superyacht trends . By communicating cross-functionally across countries and between departments, they can closely monitor the industry for new yacht listings and price fluctuations from the most prominent yachting destinations. At IYC, we use our insight to your advantage.

SELL YOUR YACHT WITH IYC

IYC consistently ranks among the Top 3 companies in yacht sales globally . Our proven track record is further endorsed by the fact IYC has successfully brokered some of yachting’s top listings. Over the past four years IYC has sold over 180 vessels ranging up to 110 meters. We are dependably successful when it comes to selling our own listings, with over 70% of all deals featuring IYC as representing the seller. Furthermore, we make sales at the right price within tight timeframes across multiple yachting locations. How do we achieve this? With the unwavering support of a strong sales and in-house marketing team. We believe in the power of marketing (effective promotion based on data) and take a strategic, customized approach for the  promotion of every vessel on our sales fleet. Looking to sell your yacht? List your vessel with IYC today to find the right buyer. By trusting us with the entire process, you can look forward to enjoying expert advice from our first class, experienced team.

It is possible to buy a yacht without a broker, however using a broker will absolutely ensure the best possible outcome for the buyer. Consider it a partnership. A yacht broker will work with you from your very first enquiry all the way through to delivery (and often beyond). Their role includes advising on available yachts, creating a short list, arranging yacht visits, undertaking negotiations, organizing sea trials and surveys, and closing the deal. A good yacht broker will get to know you and understand all that you require from a yacht in order to present you with the best possible options for purchase. They are there to make the process clear, simple, and enjoyable. 

There are several steps involved in purchasing a yacht.

First, decide what type of yacht you are interested in. A broker can help you understand all the different types of yachts that are available, and what/who they are best suited to.

Decide whether you wish to purchase a new build, or a brokerage yacht. There are benefits to both.

Set your budget and establish any other desirables, e.g. the size, whether it is registered for charter , or if there is a designer or builder you prefer.

Your broker will then put together a shortlist of the best available yachts that meet your criteria. You will then be able to visit your favorites on this shortlist and get a feel for your preferred option.

If there is a yacht you wish to proceed with buying, your broker will then assist with negotiations and contracts.

Sea trials and surveys will then be undertaken to be sure that all is as expected,

The deal will then be finalized, and you are now the proud owner of your new yacht.

Click here for a more detailed overview of the yacht buying process - https://iyc.com/buy-a-yacht/

The length of the purchase process can vary greatly from sale to sale. There are many different factors that might influence the time to complete the process, including the amount of due diligence required and the timeframe of the seller. That said, it is very possible to complete a quick sale when the purchase is straightforward. If you have a pressing purchase deadline, please make this clear to your broker.

Before buying a yacht we highly recommend taking expert advice to gain the full picture of all that yacht ownership entails. This includes the purchase process itself, as well as information about the annual expenses and what is needed to operate a yacht each year.

We recommend reading our detailed guide to buying a yacht for a more expansive overview of this important topic - https://iyc.com/buy-a-yacht/

This question is one of the best examples of why working with a reputable broker is highly advisable . By choosing to work with a broker you will benefit from their many years of experience and industry knowledge. This is a relationship of trust, and you can expect your broker to provide you with factual advice about the quality of a yacht you wish to purchase.

Sea trials and surveys are also a very important part of the quality control process and are the main opportunity to bring any issues that might exist to light. By the end of the purchasing process you should be going into the sale confident that you have a detailed picture about the yacht and are happy with your decision to commit to the sale.

To undertake a sea trial of a yacht, and conduct a detailed survey, a purchase agreement must be fully executed. A deposit of 10% of the agreed price must also have been paid. Your yacht broker can assist with all the sea trial and survey arrangements.

If there is a yacht you are interested in purchasing, your broker can arrange a visit on board, allowing you to experience and inspect it in-person. Your broker will arrange a viewing at a convenient time to you.

Once you have decided to purchase a yacht your broker can assist with arranging all the necessary legalities. After a formal offer is made, any negotiations will then take place and then if the seller is happy the offer will be accepted. A contract is then drawn up and will include key processes and timelines including due diligence and survey requirements. Once all conditions have been met the sale will be closed and final funds transferred.

Yes.  In accordance to international regulations, it is necessary  for the company to  perform specific checks for the purpose of satisfying the anti-money laundering rules and compliance with any applicable sanctions. IYC is bound by these rules, and must comply with global processes.

IYC will request  specific documentation to perform all necessary checks.  The company  strive s  to complete this process with the minimum possible inconvenience  for our clients and  will perform all necessary checks in an efficient manner . All  reports  will be made  available to  the client. I nformation and/or documents provided shall be maintained by  IYC’s  Legal Department, in accordance with applicable laws, in strict confidence and with restricted access.

The documentation requested depends on whether the contract is with an individual or legal entity (company).

• Individuals are required to provide a proof of identity (certified true copy of the original passport or national ID card) and a proof of address (certified true copy of an original utility bill or original bank statement – both dating up to six months).

Where the client/engaging party will be a legal entity the following would be required:

• Legal existence and good standing – an incumbency certificate duly signed by one of the officers of the corporation.
• Information regarding the Ultimate Beneficial Owner:
• Group structure of the corporation signed by one of its officers, showing the beneficial owners (i.e. individuals) and any documents to evidence ownership.
• Information concerning the legal entity's beneficial owners, including a proof of identity (certified true copy of the original passport or national ID card) and a proof of address (certified true copy of an original utility bill or original bank statement – both dating up to six months).

On a case by case basis, the company may be legally required to ask for additional information and/or documentation.

A new build yacht has had no previous owners and has been built brand new. A brokerage yacht has had previous owners. One notable difference between the two is price – a new build will come with a higher price tag than a comparatively sized pre-owned yacht.

There are many different factors that will affect the price of a yacht . These are numerous but include the age, construction material, the brand and of course the size. Naturally, a newer and larger yacht will cost more than a smaller, older yacht. Cost will also be impacted by the location of the yacht and any relocation expenses. There are yachts available to suit a wide range of budgets - your broker can prepare a shortlist based on what you wish to spend.

There are a number of different yacht types. Here is a brief overview of key features of the most common yacht types:

• Motor Yacht
• Longer Range
• Bigger volumes
• Comfortable cruising
• Combines comfort and performance
• Great all-rounder
• Combines speed and larger deck space
• Helm station located on the fly deck
• Designed for traveling further afield
• Longer range
• Stable cruising and excellent performance credentials
• Sleek, open-style design
• Well suited to socializing and on-water living
• Fast speeds, perfect for coastal cruising
• Tailored to fishing expeditions
• Equipped with advanced gear and fishing equipment
• Elegant lines and timeless design
• Older builds, with history and heritage
• Utilizes green technologies including hybrid propulsion systems
• Able to be propelled by more than one power source
• Lower impact cruising
• Sailing Yacht
• Single mast sailboat
• Popular yacht rigging as easier to sail
• Less crew needed
• Two-masted sailboat
• Sailing vessel with two or more masts

For more detailed information on each type of yacht please refer to IYC’s guide to yacht types - https://iyc.com/yacht-types/

There are three main hull types: displacement , semi-displacement , and planing. In brief, a displacement yacht offers high comfort, good volumes and a longer range; a semi-displacement yacht is a crossover between performance and comfort; and a fast-planing yacht suits those who like to travel at speed and who don’t require a long range. You can also choose the number of hulls, with options including monohulls and multihulls such as catamarans and trimarans.

Most motor yachts use twin fixed pitch propellers that are driven by diesel engines, with a great variety in the size and power of the systems dependent on the yacht. Sailing yachts are mainly fitted with one or two fixed pitch propellers. Under this umbrella there are many variables, including waterjet propulsion, pod propulsion and hybrid propulsion. Diesel electric and electric hybrid systems, which make use of combined power sources, are seeing increased advances, with more yachts being developed and built with “green” propulsion systems.

The terminology around what defines a “ superyacht ”, “ megayacht ” and a “ yacht ” is not set in stone, with often different interpretations. Generally speaking, the term “yacht” encompasses every size of vessel, both motor and sail. A superyacht is considered a pleasure yacht with a load line length of 24 meters and over (though some argue that a true superyacht is 30 meters and over). A megayacht is American terminology, and often refers to yachts over 60 meters in length.

Absolutely, there are reputable shipping networks operating all around the globe between all major ports. Your broker can recommend a reputable specialist shipping company that you can trust to safely transport your yacht between destinations.

How does this work? Once the route is decided, your yacht will be booked on to the most suitable shipment. Your yacht will be carefully loaded on to a specialist vessel and inspected before departure and after arrival to ensure it arrives in perfect condition. Your broker can advise on all necessary requirements, including insurance

How long does it take? The time it takes to ship a yacht between destinations will depend on the route you have selected. Anything between days and months depending on how far the yacht needs to travel. No matter what the distance you can be sure that your yacht will be in safe hands.

No, tenders and toys do not automatically come with the yacht. For a new yacht you have the option of selecting the tenders and toys that best suit your vessel and needs. For a brokerage yacht, a detailed inventory of chattels that are included with the asking price will be provided – this may or may not include tenders or toys. Your broker can assist with procuring tenders and toys if required. 

When you choose your port of registry you are effectively assigning your yacht a nationality. There is no hard and fast guide to which port of registry to choose for your yacht and each option will have its own pros and cons. How and where you intend to operate your superyacht may influence your choice. Port of the registry depends on the flag registration you choose. For superyachts there are three clear favorites: nearly 80% of yachts are registered to the Cayman Islands , Gibraltar, Malta , and Isle of Man. An expert advisor will assist you in making the best choice of port of registry for your yacht.

It is a legal requirement that a yacht be identifiable with either a name or unique number. This is to assist with easy identification.

In a nutshell, a yacht’s flag indicates which country and laws the yacht operates under, and which body will inspect and regulate it. Choosing the flag state that your yacht will be registered to is an important decision, and one that should be taken with expert legal advice. There are many implications around a yacht’s flag, including how it can be used, taxes you pay, and where it can go. Other influences are whether you plan to operate the yacht privately or commercially. Furthermore, selecting the adequate flag registration also has an impact on the crew work regulations, social security system, wages and tax rates.

Your broker can connect you with an expert advisor who can provide an overview of the best flag options for your yacht.

With an adequate boat license, an individual can run a yacht below 24m category under the European CE regulation for pleasure craft. Ideally for a 24m yacht , it is highly recommended to have a minimum crew of 2 to handle and maintain the vessel.

Yes, in most cases you will need to pre-book a berth in a marina – for this reason travel itineraries will often be planned well in advance. That said, there are often many options available without booking depending on the time of year and the location. Anchoring out is also another option, especially in smaller ports where there may not be berths big enough to accommodate larger vessels. Many owners also invest in purchasing or leasing a marina berth in their port of choice.

Yes. It is a requirement that every yacht is insured. It is always best to be prepared for the unknown and to be sure that you are covered should anything happen to your vessel.

You cannot control what happens at sea so it’s wise to secure a comprehensive insurance policy that will mean you are insured for all events. Insurance instances can include accidental damage, accidental loss, and liability cover. IYC operates a specialist superyacht insurance team who can provide you with a tailored insurance solution .

Yacht management places the responsibility for the management of your yacht into the hands of an expert team. A yacht manager works with the owner and captain/crew to ensure seamless operations and deliver the best support, wherever in the world the yacht may be.

IYC offers a comprehensive Yacht Management service, with a team of experts on staff. Read more here for an overview of IYC’s Yacht Management division .

It is not mandatory to keep a permanent crew on board all year, but it is highly recommended. A full-time crew will help to manage your asset and keep it in peak condition. They will also be sure that your yacht is ready to use at a moment’s notice and be able to provide a bespoke service that is tailored to your needs. It is also worth noting that the cost and time of regularly decommissioning and recommissioning a crew would not be insignificant

The annual expenses of a yacht can vary hugely depending on many factors including size and age. However, there are certain annual expenses that are a necessity. These will include maintaining a professional crew that will man and take care of your asset. Insurance via a reputable broker is another necessity. You should also expect to budget for maintenance costs, whether general upkeep or more advanced work. On top of these costs, there will also be the expense of operating the vessel, including fuel costs, food and beverage, and equipment. Your broker can provide you with some guideline costs for a yacht of your size/style.

It is possible for a yacht to be profitable, but this would necessitate enough guaranteed charter bookings to offset and exceed all the annual expenses. By obtaining a commercial license for your yacht (which comes with certain requirements), you can operate your yacht as a charter vessel – charter income can be an excellent way to contribute towards the annual expenses of owning a yacht. However, there is no guarantee of profit as there are many variables that might affect the number of charter bookings a yacht is able to secure.

Not all yachts can become charter yachts . In order to be safe and compliant for charter guests, a yacht needs to meet set regulations in order to be issued a charter license. If a yacht has not been built to charter standard, this may require some work or modifications to bring it into compliance. Note that a charter-compliant yacht can be a real positive when it comes to resale down the line.

Above all the best way to maximize the resale value of your yacht is to maintain it well so that it does not fall into disrepair. When purchasing a yacht it is also worth considering the features that will likely make it appealing to a future buyer (as well as to yourself). For example, a reputable builder , built to class, charter compliant.

A yacht refit is when a yacht undergoes either maintenance, cosmetic or structural works. Refits can take place on the water, on the hard or in the yard facility, depending on what work is required. Refits can be minor projects or spanning several years depending on the work brief. Owners will often choose to work with a specialist refit yard, or the original builder of their yacht . Examples of refits include a new paint job, engines upgrade, an interior overhaul, deck space arrangement or hull/superstructure modifications

There is no set requirement for refit work. This will depend on your own preferences, or the needs of the vessel as it ages. That said, superyachts that have been built to class are required to undergo surveys at a set period (often 5-years, 10-years etc.) in order to demonstrate that they remain compliant to their class – a survey period is often a good opportunity to undertake refit and maintenance work. Class surveys are mandatory to keep the yacht properly covered by insurance .

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IYC Yachts, state of the market and news

Brokerage company IYC held a press conference at the last Monaco Yacht Show to assess the state of the market and the future development of their business.

Yacht sales saw a 36 per cent drop compared to 2022, yet similar to 2019 and 2020, with 517 deals.

During the first eight months of this year, the yacht industry has witnessed sales trends that reflect some notable developments:

• New build and brokerage sales have held steady, resembling the levels seen in 2019-2020.
• August 2023, however, brought a stark change. Both brokerage and new build deals took a significant dip, hitting their lowest points in the last five years.
• Sales of yachts over 30 meters have been particularly affected, experiencing a substantial decline of -32% compared to the same period in 2022.

Significantly, deals involving yachts exceeding 30 meters in length have now reached levels not observed in five years, closely mirroring the situation in 2020 when the industry recorded a total of 283 such transactions.

These trends shed light on the current state of the yacht market, indicating both challenges and potential opportunities for buyers and sellers.

Yacht Market Dynamics: A Closer Look at Yacht Listings and Sales

The yacht market in the current year has presented an intriguing pattern. The number of yachts entering the market has outpaced the number of yachts that have been successfully sold. Year-to-date, the ratio between yachts entering the market and those finding a buyer stands at 10 to 7, a ratio that mirrors the ratios observed in 2019-2020. This data indicates that, although sellers are continuously listing yachts, the demand from prospective buyers may not be rising at an equivalent rate. This situation could potentially influence factors such as pricing and the overall market dynamics.

When examining the balance between sales and new yachts entering the market from 2019 to 2023 (YTD), it’s evident that an intriguing trend has emerged. Notably, in the first eight months of 2023, a significant shift occurred: more yachts entered the market than yachts were sold. This shift is noteworthy as it diverges from previous years and merits a closer examination. This shift is a departure from previous years and warrants closer examination.

IYC’s Yachting Performance: Key Metrics for 2023

IYC’s performance in the yachting industry for the period spanning January to August 2023 is nothing short of remarkable, with a range of key metrics highlighting their success:

Total Sales Value : IYC achieved an outstanding total sales value of $401 million during this period.

Number of Yachts Sold : A total of 29 yachts found new owners, showcasing a strong demand for these luxury vessels.

Yacht Sales among LYBRA Members : IYC earned the prestigious #1 position for yacht sales among members of the Large Yacht Brokers Association (LYBRA).

Yacht Sales Globally : Their global standing is equally impressive, ranking at #2 in the global yacht sales market.

In-House Deals : IYC executed 9 in-house deals, demonstrating their prowess in facilitating successful transactions.

New Sales Listings : The company managed an extensive portfolio of 29 new sales listings, catering to a diverse range of client preferences.

Largest CA (Central Agent) : IYC represented the magnificent “Laurel,” a 240-foot (73 meters) Delta Marine vessel, as the largest central agent, further solidifying their influence in the industry.

Largest Yachts Sold : IYC’s stellar performance is exemplified by their sale of the GC-Force, a 70-meter Admiral yacht, which remarkably secured three impressive sales during this period.

Summer and Winter Yachting Season: A Market Overview of Key Destinations in 2023

The summer yachting season has shown a comparatively restrained market in prominent destinations. Noteworthy observations include:

The East Mediterranean , encompassing Greece, Croatia, and Turkey, maintains its dominant position for 2023 year-to-date bookings. Its market share has increased to 50%, up from 48% in 2022. Greece stands out with the highest number of bookings for the 2023 summer season.

The West Mediterranean , covering France, Italy, and Spain, secures the second spot, accounting for 46% of total bookings in 2023 year-to-date, reflecting a similar market share to 2022.

In contrast, the Bahamas and New England have experienced a less active season in terms of weeks booked compared to prior years.

The 2023 winter charter season , spanning from November 2022 to April 2023, has seen an overall decrease of 10% in bookings. Looking ahead, the 2024 winter charter season is already open for bookings, signifying the industry’s forward-looking approach.

IYC’s Charter Retail: A Look at 2023’s Figures

IYC’s Charter Retail Performance for the period of January to August 2023 reflects noteworthy achievements: in the first eight months of 2023, the company secured over 2,500 days of charter bookings, while the total value of charter fees booked during this period reached an impressive $41 million. In-house deals accounted for a substantial 38% of the total charter contracts in 2023. In total, IYC secured 367 charter contracts in the first eight months of 2023.

IYC’s Charter Management: Key Insights from January to August 2023

Yachts in Charter Fleet : An impressive 147 yachts currently in the charter fleet, offering a wide range of options to clients.

Value of Charter Fees Booked in 2023 YTD : A substantial $77 million in charter fees, demonstrating strong demand for IYC’s charter management services.

In-House Deals : Notably, in-house deals accounted for 26% of the total charter contracts in the first eight months of 2023.

Most Booked Yacht : ‘Unwined,’ a 112-foot (34 meters) Westport yacht, stood out as the most sought-after choice among clients.

IYC & Tech

IYC also introduced BLUE Software , an innovative Artificial Intelligence Yacht Manager that seamlessly brings all management operations together. Exclusively available through IYC, BLUE stands out as a user-friendly solution that simplifies administrative tasks and ensures compliance through automation, effectively reducing the risk of human error. What makes BLUE particularly appealing is its practical phone app, offering on-the-go accessibility and making it a compliance no-brainer for yacht operations. Moreover, it enhances crew efficiency, marking it as a valuable addition to the maritime industry’s technological landscape.

IYC’s RESERVE platform introduces a novel approach to superyacht chartering. Notably, IYC is the sole industry player enabling users to directly reserve a superyacht online, contingent upon real-time calendar availability. This feature is exclusively accessible for yachts within the IYC fleet. The reservation process offers flexibility, as it involves placing a 5% hold on the estimated charter fee prior to the formal reservation. What sets it apart is the user’s freedom to cancel at any time, rendering it a fully flexible and straightforward reservation process.

Over the past year, IYC has witnessed several developments in its operations. Notably, they have added 34 new employees to their team. In terms of yacht sales, they successfully managed 46 transactions. Their yacht management fleet has seen significant growth, expanding from 31 to 50 yachts. Although the number of yachts in their charter fleet has decreased compared to the previous year, from 125 to 147, IYC remains a prominent player in the charter market. Additionally, IYC has expanded its global presence with the opening of three new offices, highlighting its ongoing commitment to serving a broader clientele.

IYC’s expansion continues with the opening of a new office in the Middle East , a strategic move in collaboration with Vision Investments Limited, a subsidiary of Al Ameeri Group Holding. The leadership of this venture is under the purview of Ahmad Al Ameeri, the Group CEO of Al Ameeri Group Holding, headquartered in Dubai. This new endeavour marks an important step in IYC’s global outreach and service offerings.

IYC and The Italian Sea Group: 5 Yachts Sold and New Video Series

In collaboration with The Italian Sea Group, IYC has achieved significant success this year, including the sale of five yachts, a noteworthy accomplishment that includes two Admiral 72 by G. Armani vessels. Furthermore, in September, they premiered a new video series titled “Inside the Shed,” providing a unique glimpse into their operations.

I YC and Cantiere delle Marche have solidified their partnership in the US market. During the IYC Press Conference at the Monaco Yacht Show 2023, it was revealed that the 108’ (33m) CdM Nauta Air 108 model was sold in September 2023. This sale was officially confirmed during the first day of the Palm Beach International Boat Show 2023. Additionally, an upcoming shipyard presentation video is scheduled for release in October 2023 to provide further insights into this partnership.

(IYC Yachts, state of the market and news – barchemagazine.com – October 2023)

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DEEP BLUE 115: IYC’s First Sale of 2024

By Frances Flannagan

IYC announced that it has sold Cantiere delle Marche's (CdM) 35.05m DEEP BLUE 115, marking the first sale for the brokerage in 2024. Her sale highlights the official partnership between IYC and the Italian yard that has been in place since 2023, as well as the commitment to creating a custom yacht that is specifically tailored to the desires of the owner.

DEEP BLUE 115 is a modern and sophisticated vessel whose design seamlessly blends the rugged explorer yacht aesthetic with the timeless lines of a luxury yacht, boasting true global exploration with an impressive 4,000+ nm range and cutting-edge technical specifications. 

Jamie Swaine, IYC Sales Consultant and the representative for the Buyer, commented, ‘This one-off creation in partnership with Cantiere delle Marche for my client has been an exceptional experience and one which demonstrates the reason they are the leader in full custom explorer yachts. With a truly one-of-a-kind design, this DEEP BLUE 115 offers the client a world cruising platform that is unrivalled in its functionality and sophistication and demonstrates the strength of the IYC/CdM partnership and what we are able to offer our client base.’

115’ features exterior design by Horacio Bozza, and stunning interiors by Giorgio Cassetta that showcase a plethora of stand-out features, including a tender garage with foredeck cinema and an aft facing swimming pool. She highlights CdM's flexibility and collaborative nature when creating a custom yacht, boasting a whole host of add-ons and unique amenities. Another notable addition onboard is the entire AV/IT system, which has been meticulously engineered by Videoworks, a brand also from the Marche region as yet another showcase of the high Italian quality in every single aspect. 

DEEP BLUE 115 can accommodate 10 guests across five cabins, with a crew of seven overseeing the management of the yacht and the guests’ welfare. She has a traditional layout, featuring two salons, a large galley on the main deck, and plenty of outdoor areas.

Vacsco Buonpensiere, Founder and CEO of CdM, commented, ‘This success is definitely the result of a superb form of teamwork between Cantiere delle Marche and the owner’s team, led by Jamie Swaine of IYC who has coordinated perfectly the joint efforts of the shipyard, the tech team of DOHLE, the designers and the owner. This is another testimony of the strength of the partnership between IYC and CDM on the American market (and not only).’

DEEP BLUE 115 is set to be delivered in 2026: an enriching collaboration between IYC, CdM and the yacht’s owner. 

"With a truly one-of-a-kind design, this DEEP BLUE 115 offers the client a world cruising platform that is unrivalled in its functionality and sophistication and demonstrates the strength of the IYC/CdM partnership and what we are able to offer our client base." Jamie Swaine. Sales Consultant, IYC

"With a truly one-of-a-kind design, this DEEP BLUE 115 offers the client a world cruising platform that is unrivalled in its functionality and sophistication and demonstrates the strength of the IYC/CdM partnership and what we are able to offer our client base."

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IYC sells trio of 70m Admiral superyachts in record deal

The Italian Sea Group (TISG) and IYC have announced that three new 70-metre GC-Force superyachts have been sold at the same time to a Greek family.

The Admiral GC-Force 70 yacht, which was designed by TISG’s in-house studio Centro Stile , features smooth lines, expansive deck spaces and large amounts of glass. Each yacht will feature seven guest cabins and 10 crew cabins and delivery of the three yachts is expected to take place in consecutive years, starting in 2026.

“The sale of the first “Admiral GC-Force fleet” represents a significant milestone, which we were able to reach thanks to the professionalism of our team and the high qualitative profile of our yachts,” said Filippo Menchelli, chairman of TISG. “It demonstrates the trust owners from all across the globe put into our organisation.”

Following this deal, IYC is now involved in seven construction projects with TISG, five of which are in excess of 70 metres LOA with two 72-metre projects in collaboration with Giorgio Armani.

IYC’s global managing partner, Michel Chryssicopoulos, will be supervising the build process for the trio of superyachts. “This incredible deal brings The Italian Sea Group and IYC even closer together, solidifying a relationship that started 12 years ago,” he said. “We have absolute faith in the vision and goals set by Giovanni Costantino and TISG team. Together, we are looking forward to these successful deliveries.”

Raphael Sauleau, CEO of IYC, also praised the “excellent working relationship” between the two brands. “We are proud to say that our partnership with TISG is incredibly successful, demonstrating just how exceptional their service and products truly are. These recent sales speak to the quality of their yachts and are a testament to the dedication and hard work of their team. We look forward to continuing our strong relationship and to our future endeavors together,” he added.

The confirmation of this triple sale follows an announcement in February that TISG had sold a 73m GC-Force superyacht in a deal finalised through Kitson Yachts. Other projects under construction for the Admiral brand include the 98-metre future flagship Project Titanium and the 82-metre Project Galileo , both of which are due for delivery in 2025.

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Iyc celebrates 42 years in the bareboat charter business, 1977-2019.

Celebrate this milestone, plan your next VI sailing vacation or discuss purchase management opportunities by visiting IYC owner Andrea King at the Annapolis International Sailboat Show from October 5-9, 2017! Andrea will be located at the Island Packet/Blue Jacket in the water display on Dock F2. To contact Andrea, please text or call (340) 344-2143.

Explore the Virgin Islands with IYC aboard the #1 cruising yacht in the most popular cruising ground in the world!

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Vladivostok 101: Demystifying the great city in eastern Russia

As soon as the Antonov An-24 twin turboprop aircraft I was in landed in Vladivostok on a spring evening in 2003, the cabin crew asked all passengers to keep their passports ready for a check by a local police officer. Although this was a domestic flight from Sakhalin Island, the airport police strictly followed protocol that was a relic of the bygone Soviet days, when the city by virtue of being the headquarters of the Pacific Fleet, was closed off to foreigners. An old obsession with secrecy and security persisted in those days.  

Aerial overview of the Golden Horn Bay, Vladivostok.

Just at that time when the city was opening itself to outsiders, it felt rundown, despite maintaining a peculiar charm in many parts. With its hills offering stunning views of the Pacific Ocean, almost-daily fog and trams (now mostly gone), some optimistic locals proudly called it Russia’s ‘San Francisco’.  Make no mistake; the city was in many ways rough, although American writer Paul Theroux overdid it in his descriptions in Ghost Train to the Eastern Star. Being a visible foreigner in the city in the early 2000s was akin to being a red elephant! It was never easy dealing with second looks and stares at that time. However, over a dozen trips later in the span of 16 years, I have seen the city evolve and form an altogether new identity. 

Vladivostok is very different to what it was in 2003. For starters, its infrastructure has improved by leaps and bounds and it is now one of the most open and welcoming cities in the country. The city was one of the first places in Russia to offer an e-visa for a short visit. With the immense changes, including two new suspension bridges that are the pride of the Russian Far East, some yearn for the good old days, while others live it up like there’s no tomorrow, but most people see the changes and life in Vladivostok in a lighter and more humorous vein.  

Japanese cars, anyone? 

Every year, on July 2, when the city celebrates its foundation day, a semi-serious forwarded message does the rounds on WhatsApp and Viber describing life in the city through a local point of view.

The first point in that forwarded message is that the city has more Japanese cars than any other city in Russia. This is not an exaggeration. In fact, there’s a special market on the outskirts of the city called Zelyonka or Zelyoni ugol (“Green Corner”), where various models of Japanese cars and jeeps are for sale. What’s more, these cars are right hand drive, in a country where the norm is left hand drive! The message mentions that Vladivostok residents know their Japanese brands and their technical features to perfection. Toyota Landcruisers are the off-roader of choice for those who drive into the wilds of Primorye (the province where Vladivostok is located). “Everything we have in the city is from China, but not the cars; they’re from Japan,” the message says. 

The only thing Vladivostok hates more than domestically manufactured cars is public transport. Of course, the days of people travelling ticketless on the suburban trains or electrichkas are long gone. Tramlines and trolley buses are making way for wider roads and more traffic and there is talk of a new motorway along the seashore! Thankfully though, the city’s funicular railway remains loved by ordinary residents and authorities alike.

Capricious weather and the sea

“All inhabitants both hate and insanely love the climate at the same time,” says the forwarded message. Unlike other parts of the Russian Far East, Vladivostok does not get a lot of snowfall, but don’t let that fool you into thinking the climate is mild. Even on the hottest day in the city, you can get slapped across the face by a bone-chilling breeze. Now, just imagine this same breeze in December! Vladivostok residents though, take the weather in its stride and see it in a more humorous light. 

Here’s another gem: “You can sunbathe on the beach under the warm sun, get drenched by torrential rain and not have enough time to run to the car before the sun comes out again.” The weather, even for Russian standards, is unpredictable. Local friends of mine, however, swear by the city’s beloved tuman (“fog”). The fog can play spoilsport for many a yacht trip to the outer islands, but there are those who simply cannot wake up in the morning, if the day is clear and sunny! 

Vladivostok Railway Station.

One of the city’s most famous inhabitants is a man in his early 50s, who is spotted every morning near the Amur Bay. Even on a cold winter day, he follows his daily ritual of sunbathing. In the summer, he also dives into the bay. Evgeny Moskalev is an object of attention and one-man tourist attraction, who has earned two nicknames: the “man in a thong” and Lastockha (“a swallow”). The message says: “Some unknown man has been standing in one place for more than nine years and doing nothing.”

Vladivostokers also have what outsiders would consider a strange relationship with the sea. When a friend of mine moved to the city from Moscow, he wanted an apartment with a sea view and this apparently surprised his real estate agent! “The sea is everywhere, all you need to do is step out… Why do you want to see the sea from home?” the agent asked him! The message pokes fun at the strange relationship the city has with the sea. “Many people live their entire lives by the sea, but cannot swim and do not even go to the beach.”

High cost of living and China

Vladivostokers insist that the city has the highest property prices in Russia after Moscow and St. Petersburg, adding that a studio apartment in the city is more expensive than a villa in Thailand. The low salaries and high cost of living also find their way to the annually forwarded and updated message: “The average salary is 20,000 rubles a month (approx. $275) and the average cost of a car on the roads is 500,000 rubles (approx. $6700).”  

Yet, the city’s fine dining restaurants in the center and in its yacht club always seem to be full of well-dressed youngsters.  Addressing this phenomenon, the message says, “Half of the young people do not work anywhere and do not study. How they live so well – remains a mystery.” 

Chinese products are literally everywhere in the city, from gadgets to fruits and vegetables. The parallels between the city and China have changed over the last few years, as the latter continues to become richer. “Most business activity is tied to China and almost everyone has been to China several times,” the message adds. The ruble’s devaluation in 2014 also led to a large increase in Chinese tourists to the city. “We used to go on cheap vacations to China, but now the Chinese come here for a cheap holiday.” 

Rivalry with Khabarovsk

Everybody in the Russian Far East looks up to Vladivostok – well, except those who live in Khabarovsk. (Before writing about the great rivalry between the two cities, I should disclose that I am actually more of a Khabarovsk person myself!). Vladivostokers wonder why their city, and not Khabarovsk, is the capital of the Russian Far Eastern federal district. The forwarded message adds: “Every resident is sure that Vladivostok is better than Khabarovsk. Although, honestly, no one believes that.” 

Vladivostok residents take great pride in the fact that there is an annual summer migration of people from Khabarovsk to their beaches. The visitors also love the two suspension bridges that have become landmarks of Vladivostok. But here’s what the locals think, according to the message: “People, for some reason, have been photographing two bridges for nine years without end.”

So, what surprises me, a regular (pre-pandemic era) visitor to Vladivostok, the most? The average person’s attitude towards the great Russian rock band ‘Mumiy Troll’. The annually forwarded message is not complete without this one line: “Mumiy Troll is overrated!” For many fans of Russian rock, this statement would be considered sacrilege!

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