Maybe the adage ‘the rich keep getting richer…the poor keep getting poorer…’ is truly a fact.
While the global economy may be on a slump or even sliding due to a slippery surface filled with oil…yachts are hot!GLOBAL ISSUES
The oil barrel keeps getting more and more expensive by the passing moment, and the financial markets have their mood-swings…most of the markets for consumer goods seem to be having a real bad time.
Ironically, the super-rich are still lining up to pay tens of millions of dollars for mega yachts.
THE NEW RICH
The well-heeled …

Teak is one of the strongest and most durable hardwoods in the world. Known as the “King of Woods”, Teak is one of the most desirable and endangered woods. Considered by mariners to be the most valuable and versatile hardwood, its rare beauty, its rich golden brown luster, its decorative grain and its unique properties of strength, stability, and resistance to wear have made it the most demanded wood for marine use.

Teak is found naturally in only four countries in the entire world. Burma, Thailand, Laos and India each have …

Imagine getting tax deductions from an old yacht, boat or trailor that’s not even in a working condition! It’s true. You can donate your boat to a charity and benefit on tax savings while helping out others too. One such program is offered in the United States by BoatAngel.org BoatAngel makes all the arrangements to pick-up your boat, yacht or vessel at no cost to you. You can receive the full fair market value as a lawful IRS tax deduction for your boat.
Avoid all the headaches of selling a used …

The Golden Question – When are we going to have a yacht that is worth ONE BILLION US$s ??! With the way things are moving and the constant battle of the egos between the world’s ’super-billionaires’, it is just a matter of time that someone will be willing to dish out a precious billion for their sea-worthy ‘toy’.
Blohm & Voss, Germany’s favourite shipyard, birthplace to many-a-yacht prodigies – has its workers round the clock building a mammoth yacht called the Eclipse. Surely, the owner seems to be giving out a …

Imagine a super yacht anchorage and water-front entertainment village, a recreation complex for visitors and the residents of the surrounding city. Envision a deepwater port of entry with first-class berthing facilities, a thriving marine commercial park and foreign trade zone, and successful cruise and cargo industries. In yet another sign of the rich getting richer, an increasing number of people are buying pleasure boats. Livemint gets talking to some of the key players in the industry to find out the possibilities.Ajay Narang, Yachting Association Secretary General India is likely to …

Would you like to own a yacht?Would you like to pay for it with charter income & tax savings?Would you like to dramatically reduce your 2008 income tax bill?If you answered “YES!” to all three questions, keep reading. Whether you’re going to sail the open water, fish your favorite coves or chart a course to your dream retirement, buying a yacht is the adventure of a lifetime. You can find many exceptional values in both new and used yachts. To make sure you get years of pleasure and adventure out …

JOINT VENTURE : Marina Project Planned The Thiruvananthapuram-based Floatels India Pvt Ltd and the Sydney-based J.S. Parsons Structural Consultants Pty Ltd will work together to set up marinas in India. The two companies plan to form a 50:50 joint venture that will design and build marinas, said Mr. M.R. Narayanan, Managing Director, Floatels India, and Mr. Joshua Parsons, Managing Director, J.S. Parsons Structural Consultants. While Floatels India has interests in hospitality and construction, J.S. Parsons has worked on marina projects across the world. The joint venture company will be registered …

Wealthy people today do not only invest in assets- but in experiences. Experience is becoming more important than ownership. ‘Fractional ownership’ is a shared-ownership structure that allows people to buy only part of a costly item. Today there are many ways to have a fractional lifestyle. One such service, www.bagborroworsteal.com, sells the use of a revolving array of designer handbags and jewelry that can cost thousands to own but $20 to $175 a month to use. Buyavineyard.co.uk sells partial titles to some French vineyards; and several luxury hotel companies, including …