Notes From The Editor

Week Ending 4th of March 2011

Heesen and CBI Navi both reported the launch of two major yachts this week, M/Y Satori and M/Y Aifos, and as these two 50m yachts reached the final phases of their assembly, the largest sailing yacht in the world got the green light to enter construction.

After the launch of Eclipse, a project which was eagerly followed the world over, it would appear that we have the new focal new-build of the decade.

Dream Symphony, the largest sailing yacht in the world, now prepares to enter construction with the Dream Ship Victory yard in Turkey. This 141m project will no doubt bestow industry representatives and global media with the same sense of expectation and awe that Eclipse evoked when she began construction.

Not only is the concept of a 141m sea-faring giant hitting the water exciting, but the green light received for the construction emphasises that clients are becoming more and more ambitious and returning to the new-build market.

Other major occurrences of the week include the opening of the 19th annual Dubai International Boat Show, the first in a succession of yacht shows to take place over the next two months.

With the Dubai International Boat Show currently well underway, luxury brands, industry representatives and owners can look forward to the upcoming Abu Dhabi Yacht Show at the end of March and the inaugural Singapore Yacht Show at the start of April.

As the industry gears up for another string of yacht shows in the sun, success of these events will be easier to measure once the dust settles and reports begin to return on potential sales, giving us a strong gauge for events held in the early months of 2011.