super yachts 60million+
Discussion
p1stonhead said:
LimaDelta said:
R8Steve said:
10-15% of what? The total charter cost?
Yes. 30-45k/week tip shared between the crew.ktcanuck said:
Don't you watch Below Deck and Below Deck Mediterranean? It's a bit of a set up but compelling nevertheless.
It's a complete setup. The majority of the actual crew were replaced with actors for the filming. I have previously worked with the chef, Ben. I think it was his idea to do the show (he certainly talked about wanting to do something like that) and IIRC his old man holds some sway with some media company, which might have helped get the idea off the ground.Entertaining enough I suppose, but like most 'reality' TV, very little reality in the content.
LimaDelta said:
p1stonhead said:
LimaDelta said:
R8Steve said:
10-15% of what? The total charter cost?
Yes. 30-45k/week tip shared between the crew.TartanPaint said:
I'm surprised the season is only 12 weeks. What do the boat and crew do the rest of the year?
Is that when the owner gets to use it?
Obviously there's winter maintenance and the occasional refit, but that's 40 weeks of not making any money.
IIRC from reading up, its a lot of comparative 'downtime' vs some mental busy periods. Owners are often business people and so only come occasionally. Chartering never recoups costs of running I dont believe.Is that when the owner gets to use it?
Obviously there's winter maintenance and the occasional refit, but that's 40 weeks of not making any money.
p1stonhead said:
TartanPaint said:
I'm surprised the season is only 12 weeks. What do the boat and crew do the rest of the year?
Is that when the owner gets to use it?
Obviously there's winter maintenance and the occasional refit, but that's 40 weeks of not making any money.
IIRC from reading up, its a lot of comparative 'downtime' vs some mental busy periods. Owners are often business people and so only come occasionally. Chartering never recoups costs of running I dont believe.Is that when the owner gets to use it?
Obviously there's winter maintenance and the occasional refit, but that's 40 weeks of not making any money.
Chartering might offset some of the costs of ownership, but at the expense of increased wear and tear on expensive components. Makes a little sense with the smaller end (50m ish) of the industry, not so much with the bigger stuff. Normally it ends up being a more informal arrangement with friends of the owner.
One vessel I worked on averaged 40 days use a year, and cost about 20M/year to run. Essentially the owner was paying half a million a day to use his yacht.
LimaDelta said:
One vessel I worked on averaged 40 days use a year, and cost about 20M/year to run. Essentially the owner was paying half a million a day to use his yacht.
Value for money then...In terms of costs, how often do you generally run into maintenance problems with engines and ancillaries? I presume the bigger yachts use equivalents to some normal commercial stuff so it should be pretty hardy?
Krikkit said:
Value for money then...In terms of costs, how often do you generally run into maintenance problems with engines and ancillaries? I presume the bigger yachts use equivalents to some normal commercial stuff so it should be pretty hardy?
Maintenance? Pretty much constantly. These yachts have a lot of kit from the 'essential' boaty stuff like engines, gearboxes, HVAC, desalinisation plants, stabilisers, fuel treatment, generators, etc. Some of which is similar to smaller commercial kit. Then there is the hotel stuff like galleys, lifts, swimming pools, gyms, spas, fancy lighting and cinema setups, computer networks, and then the toys, which take up a lot of time, the jetskis, dive kit, tenders, helicopters and whatever the latest must have gadgets are. It's not just about breakdowns, it's ensuring that it is all working perfectly for the little time the owners are on board. Ironically lack of use causes more problems than over use for a lot of the kit. Each component has a service schedule which should be adhered to, so it's pretty busy even when things are going well!
Parts availability can be a challenge, especially on a boat that moves a lot. Plus a lot of the stuff on board can be fairly bespoke. Then of course you have yacht tax, which is similar to horse tax or wedding tax. Namely, pick a number, double it and add a zero to the end. We still do our best to not waste money, but no matter which way you slice it, these things are expensive.
Krikkit said:
LimaDelta said:
One vessel I worked on averaged 40 days use a year, and cost about 20M/year to run. Essentially the owner was paying half a million a day to use his yacht.
Value for money then...In terms of costs, how often do you generally run into maintenance problems with engines and ancillaries? I presume the bigger yachts use equivalents to some normal commercial stuff so it should be pretty hardy?
LimaDelta said:
Krikkit said:
Value for money then...In terms of costs, how often do you generally run into maintenance problems with engines and ancillaries? I presume the bigger yachts use equivalents to some normal commercial stuff so it should be pretty hardy?
Maintenance? Pretty much constantly. These yachts have a lot of kit from the 'essential' boaty stuff like engines, gearboxes, HVAC, desalinisation plants, stabilisers, fuel treatment, generators, etc. Some of which is similar to smaller commercial kit. Then there is the hotel stuff like galleys, lifts, swimming pools, gyms, spas, fancy lighting and cinema setups, computer networks, and then the toys, which take up a lot of time, the jetskis, dive kit, tenders, helicopters and whatever the latest must have gadgets are. It's not just about breakdowns, it's ensuring that it is all working perfectly for the little time the owners are on board. Ironically lack of use causes more problems than over use for a lot of the kit. Each component has a service schedule which should be adhered to, so it's pretty busy even when things are going well!
Parts availability can be a challenge, especially on a boat that moves a lot. Plus a lot of the stuff on board can be fairly bespoke. Then of course you have yacht tax, which is similar to horse tax or wedding tax. Namely, pick a number, double it and add a zero to the end. We still do our best to not waste money, but no matter which way you slice it, these things are expensive.
Doesn't get used much over the winter either and I don't think she ever goes over to the caribbean, just has a lot of work done on it over the winter.
A month or so ago she was in the Med and was sailed to Sochi so the owner could have a meeting on board for a few hours and then sailed back to the Med (owner flew in and out of Sochi). Cost was colossal but it just doesn't register.
Edited by Davey S2 on Wednesday 31st July 09:36
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