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Kim's CharterWave Blog

Archive for March, 2008

Compare Yachts in ‘Green’ Style

Monday, March 31st, 2008

The charter agency BoatBookings.com (a CharterWave sponsor) has a nifty new feature on its website for anyone who wants to be environmentally minded when choosing a charter yacht.

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As with many charter websites, when you click on the name of a charter yacht at BoatBookings.com to learn more information, you’ll get standard items like boat length, number of cabins, and the like. Now, though, you will also get carbon emissions data on that very same page, allowing you to compare one yacht’s CO2 emissions against another’s before deciding which charter is right for you.

That’s a feature I haven’t seen anywhere else. What a great idea.

If you click on this Mangusta 80 motoryacht, for instance, you’ll see that she creates about 9,500 pounds of CO2 during a typical three-hour cruise. If you compare that to this 120-foot Benetti motoryacht, you’ll see that the latter creates about 5,200 pounds of CO2 during the same cruising time. Bigger boat, fewer emissions–if that is one of the criteria on which you plan to choose a charter yacht.

In each case, BoatBookings.com tells you what it would cost to offset the yacht’s typical emissions with carbon credits. You can extrapolate the total for a week’s charter or longer by multiplying the number of days you plan to cruise by the typical three-hours-per-day cruising that is typical onboard most charter yachts.

“This, of course, is just an estimate,” BoatBookings.com President Tom Virden told me. “If the customer wants to be precise, we just ask the captain to provide us with how much fuel was actually consumed at the end of the charter. We then calculate the exact CO2 emissions and the cost to offset them. We bill the client and then buy carbon credits in this amount–and we obviously take no commission or kickback.”

Virden says the CO2 information is currently available on about 10 percent of the charter yacht listings at the company’s website. The rest will become available as quickly as the staff can type them into the database.

If the charter yacht you’re considering isn’t yet one of the ones with this feature on its page, then you might also check out this general description of green chartering or use the BoatBookings.com carbon emissions calculator, which you can access through a link on that same page.

Good stuff, indeed, for us as charterers and for the planet in general.

Perle Bleue Aims to Set New Standard

Friday, March 28th, 2008

You heard it here first: The team at management company International Yacht Collection tells me the 124-foot motoryacht Perle Bleue, previously promoted as heading for the Bahamas, will instead be chartering in the Western Mediterranean this summer–at an eye-popping weekly base rate of 155,000 euros.

She’s a stunning, brand-new Hakvoort, and believe me, I could wax on about how gorgeous her main saloon and sky lounge are (see photos below) for pages and pages before I even started describing the other beautiful areas onboard.

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Even so, the 155,000-euro price tag is a market-shattering shocker, even in the context of the all-powerful euro. That’s $245,000 at today’s conversion rate–and it will put this eight-guest, 124-foot, custom yacht in the same price range as far bigger yachts such as the brand-new, 157-foot, semi-custom Christensen Lady Joy, which takes 12 guests.

I did a quick search to try to figure out just how much higher Perle Bleue’s new rate will be than other, similar-size charter yachts being advertised as available this summer in the Med. I came up with everything from the 124-foot Casuarina (eight guests) at $70,000 per week to the 121-foot Victoria del Mar (10 guests) at $105,000 a week.

Yes, those yachts are older while Perle Bleue is brand new, but the experience they offer charter guests is quite good. (A prominent golfer on the PGA tour left a smiling photo in the guest book after chartering Casuarina a few years ago.) At her newly announced weekly base rate, Perle Bleue will cost at least twice as much as these similarly sized competitors. Can she offer twice the charter experience?

The answer is difficult to determine, since vacation experiences are subjective, but it’s fair to say that Perle Bleue’s owners are factoring in things beyond their yacht’s size when setting the charter rate. They’re banking on their belief that charter clients will pay the premium because Perle Bleue is simply a better yacht in terms of custom construction and decor–a belief they have rightfully earned following the recent Caribbean season, when Perle Bleue was indeed booked at a weekly rate far higher than other yachts in her size range.

The new price standard the yacht is now trying to set is, of course, at least in part a function of the euro-based expenses the owners will face when they move her into the Med. Even still, the sheer amount of money for a yacht this size takes my breath away.

It will be interesting to see whether clients book the yacht at this newly set rate in Europe, or whether they will wait until Perle Bleue returns to the Caribbean next winter at a weekly base rate of $155,000. That will be a $10,000 jump over the rate Perle Bleue garnered this year in the Caribbean, and certainly it will be higher than most other yachts her size yet again, but to some clients, in the context of the $245,000-a-week Med pricing, $155,000 a week in the Caribbean may sound like a good deal.

2008 BVI Spring Regatta and Sailing Festival

Thursday, March 27th, 2008

What began in 1972 as an idea for local sailors has now turned into one of the Caribbean’s premier annual racing events.  The BVI Spring Regatta and Sailing Festival has developed a reputation for serious competition and serious partying!  This year’s dates run from March 31-April 6 2008 with seven days of fun.  Two great events in one, the BVI Spring Regatta and Sailing Festival starts Monday, March 26th with a welcome party at Nannay Cay Marina.  Three days of destination cruising and racing follow, leading up to the main 3-day regatta starting on Friday, March 30th.  Although it is too late this year, wouldn’t you enjoy being a spectator for the regatta or a participant for the onshore festivities next year?  Click to find your perfect BVI Sailing Yacht.

BVI Spring Regatta