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Mar Apr 2015 Marina World

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Yachting Cranes for safer boat handling long-life technology low maintenance costs capacities from 1,000 kg to 100,000 kgs environmentally-friendly electric motors VETTER Krantechnik GmbH · Siegtalstr. 22 · 57080 Siegen · Germany Phone: +49 271 3502-250 · Fax: +49 271 3502-295 · E-Mail: Bootskrananz. 182x132 GB.indd 1 21.03.14 09:24

New legislation boosts superyacht charter in Spain It is now well over a year since all charter yachts operating in Spain, irrespective of size, have been able to claim exemption from the infamous matriculation tax, and several months since non-EU-flagged superyachts were allowed to charter within Balearic waters; ample time to see if the new legislation works. Palmabased Network Marine Consultants is happy to say that it does. Patricia Bullock, director of Network Marine Consultants founded some 32 years ago, comments: “2014 was a year to remember, giant steps were taken and the brakes came off Spain’s yachting sector. We are now open for fair and commercially-viable business and the industry has started to flourish. Right now at Network Marine Consultants we are busier than ever with plenty of boats going through the process of obtaining their first charter licence in the Balearic Islands, many of them superyacht sized. Word is spreading, trust is being earned, and we should see a busy summer charter season.” From a base of zero in 2013, Network Marine Consultants administered SUPERYACHT FACILITIES no fewer than 33 superyacht charter licences in 2014. Taking renewals out of the equation, these brand new licences were for 25 motor yachts, four sailing yachts and four catamarans, up to a substantial 52m in length. “It’s these superyacht statistics that prove that the new legislation is working and give us hope that the Spanish superyacht charter fleet will continue to expand,” Bullock adds. “Worldwide yachting association, MYBA, estimated back in 2011 that there were around 802 large yachts for rent in the Mediterranean of which only 17 were available in Spain. Taking only our endeavours into account, we’ve already managed to increase this figure by 200%, bringing clients with high purchasing power to the islands. Spain should welcome with open arms these MLC-compliant, eco-friendly, tax-legal, efficiently-run enterprises that generate employment and economic prosperity to the tune of an estimated US million spent each year by a 50m yacht.” Official figures from Spanish marine trade association, ANEN, back this sentiment. In its 2014 review, it stated that Spain’s recreational yachting market grew almost ten per cent after six years of decline. Director of ANEN, Carlos Sanlorenzo, believes the market has stabilised post-crisis and attributes much of the growth to the removal of the 15m ceiling for charter yachts claiming exemption from matriculation tax. Investor secured for Makronisos According to Cyprus Mail, Egyptian company Orascom is to invest €220 million in the construction of the long awaited marina at Ayia Napa in Famagusta, Cyprus. The news follows successful evaluation of the necessary Environmental Impact Assessments and the approval for an appropriate licence to be issued. Charter operators at marinas in Palma look forward to a busy summer season. The project – also known as Makronisos Marina – was designed and planned by SmithGroupJJR of the USA and previewed in Marina World in May/June 2013. At that time, construction was anticipated to begin in 2015 and complete in 2017. The overall plan includes a marina for up to 713 boats of 10m and above at wet slips, and accommodation for 150 smaller boats in a vertical drystack. Substantial mooring and support service for megayachts (up to 60m) is also included, along with a significant landside development of villas, retail outlets, restaurants, bars and varied leisure amenities. A three-year timeframe from ground breaking to completion is now anticipated. - March/April 2015 41

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