What Exactly Is Yacht Management, And Why Is It Necessary?
Those well-versed in the superyacht industry will know that owning and operating a crewed yacht over 24m is no easy task. Ever-changing administrative, technical and regulatory requirements can create a minefield of hoops to jump through, not to mention the management of the crew members living and working on your vessel. And for the busy lives of the modern yacht owner, the task is simply too much to take on alone. We teamed up with Switzerland-based yacht management company Floating Life, to learn more about the benefits of outsourcing your yacht management needs to experts in the field.
The superyacht industry is evolving at such a rapid pace, it is easy to forget how relatively young it is. Barbara Tambani, co-Director of Floating Life alongside Andrea Pezzini, recalls when yacht management services did not even exist as an established sector, and herself took a lead role in developing the early standards of the discipline. Her co-Director Andrea has worked as an Owner’s representative since 1998, alongside director roles in a number of prominent Italian shipyards.
‘Our professionalism and expertise is important for our clients,’ Barbara tells us. ‘Our clients know that their yacht is in the safe hands of people that have the necessary experience and are able to find safe solutions.’
Indeed, Floating Life’s management service was the first in the industry to receive the IOS 9001:2015 certification by RINA for quality. But in addition to the high standards, Floating Life meets across its management services, there should be some acknowledgement of the diversity and complexity of the tasks the team fulfils. Floating Life experts dedicate themselves to every single aspect of the yachting customer journey - from flag registration, ownership structures and shipyard maintenance through to crew support, safety and security. No matter how complex or specialised the management task, the Floating Life team has you covered with a professional and efficient service to meet your specific needs.
‘Our experience allows us to anticipate organisational issues such as booking a last minute refueling or paying a supplier for a weekend,’ says Andrea. ‘We also consider the possibility of breakdowns or accidents on board as it is important to act promptly to limit the damage and avoid any possible impact that may be linked to pollution.’
With dedicated contacts in each department, Floating Life has the resources and knowhow to cover all bases, leaving clients with more free time to enjoy the use of their yacht.
Offering a competitive edge with a bespoke, tailor-made service, yacht management with Floating Life offers something larger, more corporate firms cannot; that is a truly personalised touch. Indeed, the Floating Life team knows just how important relationships are in this industry. With thanks to an extensive network of shipyards and dealers, Floating Life can offer clients high-level services at very competitive prices.
‘The yachting industry around the world is constantly changing, so it is vital to keep up to date with all the necessary rules for safety and security,’ Andrea tells us. ‘Yachting industry laws change frequently and there has been a lot of development over the last 20 years. Our team keeps up to date and monitors these changes around the world, so we can prevent any problems from arising.’
Maritime traditions have been around since the beginning of civilisation. But the modern superyacht industry, as we know, is still finding its place in international laws and regulations. Keeping up with these ever-evolving rules can be an impossible task to take on alone. That is why Floating Life, with its extensive, specialised knowledge, dedicated staff and tailor-made service, is here to help.
"The yachting industry around the world is constantly changing, so it is vital to keep up to date with all the necessary rules for safety and security."