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2016 July August Marina World

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July August 2016 Marina World

The most important

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Green light for Poseidon CYPRUS: Poseidon Grand Marina of Paphos, a joint venture that includes major stakeholder Aristo Developers, has been selected by the Ministry of Energy, Commerce, Industry and Tourism to build a marina in Paphos. The project, which was mooted over ten years ago, includes over 42,000m² (452,084ft²) of residential and commercial development. The marina will have 1,000 berths. Clean-up completes at Morgan’s Point BERMUDA: Remediation work at the former US Naval Base at Morgan’s Point has been completed in readiness for the development of a luxury resort with a 77-berth marina. Work on the clean-up, which began in April 2013, was funded by the Bermuda Government as part of a property exchange deal made with the developers Morgan’s Point Ltd. The project, which will be a phased development, will start with the building of 157 waterfront homes, a 79-room luxury branded hotel with world-class restaurants and spa, and the marina - which will be able to host 21 megayachts in its berth mix. Craig Christensen, president and CEO of Morgan’s Point Ltd, said a huge milestone had been achieved. “We are very grateful to the Ministry of Public Works for their tireless efforts in completing this job so that we can begin to construct a world-class resort that is sure to enhance our tourism offerings and put Bermuda back on the map as a luxury destination,” he said. Partners to boost marina build programme TAIWAN: YuYue Yacht Company and Bellingham Marine have signed a Memorandum of Understanding outlining ways in which the two companies will work together to create new marinas in Taiwan. According to the new partners, the growing popularity of recreational boating in Taiwan is straining available resources. Three marinas were completed in 2013 adding 200 slips to the region. However, all have been filled. “There is a shortage of boat slips in the country, which is having a dramatic impact on the cost of moorage – it’s pricing many out of the market,” said Vincent Kuan, director of YuYue Yacht Company. “A key element of building Taiwan’s recreational boating industry is the creation of quality-built new marinas,” he added. John Spragg, general manager for Bellingham Marine, added: “As an island nation with beautiful coastlines and nearby cruising grounds, Taiwan has the potential to create a thriving boating WORLD NEWS John Spragg, general manager Bellingham Marine, signs the MoU with the YuYue Yacht Company team. community.” He recognised, however, the need for a professional approach. “Growing a new industry takes time and the support of developers like YuYue who are committed to doing it right from the start.” YuYue Yacht Company is a dealership in Taiwan for a number of high end boat brands including Sunseeker, Galeon and Quick Silver. SPAIN: Vilanova Grand Marina in Barcelona has launched a 2016/17 winter season benefits package called ‘morethanaberth’. Aimed at attracting superyachts, it includes special rates and discounts for long term booking, free rental cars and storage rooms. Customers also enjoy various technical services and frequent social events. The marina believes it now offers one of the most competitive off season proposals in the western Mediterranean. www.marinaworld.com - July/August 2016 9

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