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yacht ownership Explained

Educate yourself on every stage of yacht ownership, learn about yachts here.

Yachtowner.co is an educational blog about superyachts for prospective and current yacht owners, and their representatives.

Our mission is to provide best practical information about yachting, all in one place.

We will cover the complete yacht ownership cycle: buying a yacht , owning a yacht , selling a yacht .

Start learning about superyacht ownership here:

Why Yachtowner.co?

Majority of prospective yacht owners find it difficult and even frustrating to navigate the yachting industry.

With no single informational resource dedicated especially to yacht owners, there has been no clear path to educate yourself. Until now.

Yachtowner.co will guide you through reefs and currents of yacht ownership, making your yachting experience as pleasurable as possible.

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The human side of yacht ownership

How would you characterise the typical yacht owner? Whatever you may have been led to believe, the truth is simple: for most, it’s about using their yachts for precious family time, and for many it’s also about using their yachts for good.

There’s a theme that is repeated on countless yachts large and small the world over – superyachting, for most, is not about being seen but rather the opposite. It’s about yacht families and their friends enjoying precious, private moments away from the pressures of demanding business lives and the long hours running those businesses can entail.

“I have an extended family, and when our schedules allow we all like to gather on the yacht and spend some quality time as a family,” Douglas Barrowman , owner of the yacht Turquoise , told Superyacht Life back in 2017. “There is no place like a yacht for family togetherness.”

Douglas Barrowman with family

A love of the sea, adventure and technology

Superyachts and yacht ownership are also a way to explore the world around us, and to interact with and grow to understand extraordinarily diverse communities from remote Pacific islands to the Scandinavian Arctic. It’s something that inspired tech entrepreneur Jasper Smith to combine his love of adventure and his love of the sea with an opportunity for owners to give back while indulging their passion.

“I have always had a deep passion for the ocean,” Smith says. “I grew up watching Jacques Cousteau movies and being enthralled at the idea of being challenged by an endeavour.” When he set out to find his own perfect explorer yacht, however, he realised it didn’t yet exist. His answer was to create Arksen. “My aim with Arksen was to create the perfect machines to enable adventure,” he enthuses. “I also wanted to build sustainable boats which considered full life cycles, from material sourcing to recycling.”

That’s not all – Arksen also asks owners of its yachts to sign up to a pledge it calls 10% for the Ocean, where they will donate 10% of their vessel’s time to philanthropic activities. “A lot of people who have the money feel a responsibility to try and make sure that the oceans are well looked after,” Smith explains. “The people that are attracted to Arksen are passionate about the ocean and want to go off on slightly more advanced expeditions and trips. With that audience, there is a tremendous buy-in to the boat being for more than just their own purposes.”

Superyachts as a force for good

It speaks to the heart of the matter, which is that the superyacht industry and yacht owners in particular have a heart – they care about preserving the environment they enjoy, and they care about the communities they interact with who make them feel so welcome when they visit. It’s reflected in the smallest of gestures, such as donating materials and books to local schools, to the largest – helping with last-mile delivery of critical disaster relief. It’s about superyachts giving back.

It’s a positive-impact attitude toward humanity that is quietly typified by hundreds of superyacht owners, who often prefer to do their thing under the radar rather than take false glory for their philanthropic or humanitarian endeavours. For some it’s as straightforward as getting involved in projects with organisations like YachtAid Global . For others, their endeavours become a key reason for yachting.

American superyacht owner Carl Allen is a prime example of these philanthropic yacht owners. After selling his company, and having enjoyed chartering and owning yachts as a family for years, Allen set up Allen Explorations to deliver a full programme of projects, ranging from historical shipwreck searches and environmental research to disaster relief. Indeed, Allen’s support yacht Axis played a vital role in the aftermath of Hurricane Dorian – one of the most powerful storms ever to hit the Bahamas.

“We had to drop everything and help after the hurricane,” says Allen. “ Axis delivered over £700,000 of supplies and made multiple trips to Little Grand island in the Bahamas. We’ve turned it into the epitome of how to organise hurricane relief.” The team helped get the local school back up and running, and organised for a group from Florida Power and Light to help restore power. “The island also lost their water tower,” he adds, “so we delivered four tanks on  Axis .”

Jasper Smith

Celebrating the good in the superyachting good life

From family time to time spent embracing the global family, superyacht owners have a far greater positive impact than many assume from preconceived ideas about what a superyacht is and the sort of person who owns or charters one. It’s one of the reasons The Superyacht Life Foundation, in association with the Monaco Yacht Show , has unveiled The Honours, which is a way to celebrate the people of our industry rather than the yachts which so often get sole focus. It’s about recognising the extraordinary contributions that people make, the change they inspire, the opportunities they create, and the lives they change.

On 26 September, the eve of the 2023 Monaco Yacht Show, three honourees – nominated by people from across the superyacht industry, and selected from a shortlist by an expert panel of industry judges – will be feted for their work and contribution to superyachting. These are industry professionals and yacht owners who epitomise what superyachting can do. These are people who highlight the good in the superyachting good life.

Yacht owners, impactful journeys

All around the globe, yacht owners are enjoying precious time on their yachts with family and friends, and many are also realising that their yachts can be a force for good and for change, tying in with their philanthropic works and humanitarian endeavours.

“Our yacht is a platform for much of our life,” offers Joe Anderson , co-owner of the Benovia Winery in California with his wife, Mary Dewane. “For instance, we used it at a fundraiser for cystic fibrosis in Baltimore at the 200th anniversary of the Star-Spangled Banner event. The Blue Angels were flying overhead and used Bella Una [the couple’s yacht] as a GPS coordinate and performed flybys, tipping their wings at us. It was quite a thrill. Having a yacht is a way to keep the family intact, enjoy time with friends and have fun.”

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25+ best yachting blogs & websites to stay up to date.

Whether you are a captain, engineer, or yacht owner, staying up to date with industry news and improving your skillset is very important. It might be a good idea to surround yourself with like-minded people you can learn from, even if this happens through the perks of today’s technology.

In both cases, the best way to do this is by building a database of the best yachting blogs, websites, and forums. And this is exactly why we wrote this article. 

Over the next few chapters, we briefly introduce some of the most trusted yachting resources, compiled in an article that you can bookmark for future reference. Let’s delve in!

Best yachting websites & digital magazines

Best yachting blogs & digital magazines, yacht forums to consider.

The following publications are well known across the yachting industry, with several of them being digital alternatives to popular print magazines. 

1. Superyacht News

Superyacht News is a publication that covers everything related to business, tech, ownership, design, and management of luxury vessels. Known as one of the best superyacht websites, it keeps readers up to date with everything related to the industry, while also publishing print magazines.

2. Yachting Monthly

Being one of the top yacht websites, Yachting Monthly is one of the most popular boating publications in the UK. The digital publication discusses yacht news, races, boat, and equipment reviews, as well as the skills you need to become a master sailor.

3. Genesis Luxury Interiors

A somewhat inactive yet very resourceful website, Genesis Interiors is the best yachting publication for those who want to learn more about (luxury) interior design for their vessel. It is thus a somewhat “niched” website focused on superyacht owners with a keen interest in interior decoration. 

4. Yachting Pages

Yachting Pages is the most popular directory of the industry and is often seen as a participant or sponsor of boating events. The website is used by people who wish to find a particular service, product, or event related to the yachting industry, in their location.

5. SuperYacht Times

The SuperYacht Times is a digital publication that features interviews with the most influential personas of the industry, information on vessels, as well as boat shows. The website also has a video section that further delves into the discussed topics, giving a rich overview.

 6. Luxuo Yacht Archives

Luxuo is a website that covers multiple industries linked with luxury products and lifestyles. Among them, we also find yachting, with news mainly concerning reviews of superyachts, as well as lists posts covering everything from boats to equipment. While it may not be the best yachting blog on this list, it is definitely one you should check out.

7. Yachts & Yachting UK

Yachts & Yachting is more oriented towards performance sailing. The website presents the latest news in the racing scene accompanied by beautiful photos and inspiration from top performers. The website also has a value-packed newsletter that is sent out once per month.

8. Digital Yacht

Digital Yacht is one of the best yachting blogs for engineers as it delves into marine electronics and the progress of technology in the sector. Apart from being an educational resource, the website also has a dedicated e-commerce store with a wide range of products related to    electrical systems onboard.

9. Lovesail

Since we are covering all aspects of importance, we couldn’t leave out the dating scene. Lovesail is a website that brings together single and solo boating enthusiasts to create meetups, dating opportunities, and other types of events.

10. Boat International

Boat International is a globally recognized publication that delves into the industry’s latest news, yard updates, opinion pieces, and superyacht sales. There are enough subcategories to accommodate the needs of any boat enthusiast and the news section is always well-written and up to date.

11. OnboardOnline 

OnboardOnline is a news portal that delves into the latest news, interviews and stories of the (super) yacht industry. The publication is not just a great publication to help you stay up to date, but also a resource for those looking to learn more about key industry players. 

12. Dockwalk

While Dockwalk is more commonly known for its monthly print edition, the digital publication has also grown in popularity. Among the useful resources, the website offers a blog section with entertaining content, a dedicated forum section, as well as a directory of industry-relevant companies and their contact details.

13. Boat Lyfe

Boat Lyfe is a minimalistic-looking news portal with a separate forums section. Topics range from sailing and speedboats all the way to luxury superyachts, and there are many different categories to choose from.

14. Yacht Harbour

Yacht Harbour is a news outlet and yacht brokerage featuring boats for sale and chartering. The news section of the website is also split into two distinct categories, namely “yacht news” and “brokerage news”. Therefore, one could say that it targeted mainly towards potential boat owners.

15. Galati Yachts

Galati is a US-based yacht brokerage company. Their website covers latest news, opinion articles, upcoming events, and boating advice. With more than 50 years of experience, Galati is now known as “one of the largest and most respected yacht brokerage companies in the world”.

16. SuperYacht World

SuperYacht World is a global magazine for superyacht owners and luxury boating enthusiasts. The news section of the website has not been updated in a while, but still offers an archive with useful information that you can skim through aside from the print version.

17. CharterWorld

While CharterWorld is not necessarily a blog or news portal, the website offers resourceful content to help yachting enthusiasts make more sense of the industry. Through a list of educational articles, their “Inspiration” and “Advice” sections are great resources for relative beginners.

18. Yacht Bible

Yacht Bible is a superyacht and luxury yacht directory featuring all the latest yachts and news in the industry. Yacht Bible features a wide selection of both yachts for sale and charter from all around the world.

Yachting blogs are a little different than news portals, as they do not primarily focus on the latest news and updates. Instead, they are more oriented towards educational content, yachting advice and opinion pieces.

18. The Yacht Owner

This blog is dedicated to owners and brokers of different types of yachts. According to its author and ship engineer Daniel Popescu, The Yacht Owner helps readers give better advice in the circles of their occupation, while also getting a better understanding of the things to look out for when buying a yacht. 

19. Heesen Yachts

Heesen Yachts is a popular Dutch shipyard, building exceptional superyachts using timeless designs. While the website is primarily focused on building and selling custom vessels, their YachtTalk section hosts one of the best yachting podcasts. While not exactly the typical blog-type format, the website offers many gems to keep yachting enthusiasts up to date with the latest industry news.

20. Yachting World

The digital magazine of Yachting World offers value-packed and diverse content, similar to the popular print magazine, but does so through a subscription-based app. New subscribers get access to all previous editions of the magazine while you can also download issues to read them offline - ideal for long voyages.

21. Yacht Charter Blog

Yacht Charter Blog features blog posts on private (super)yacht charters, interesting destinations, reviews on equipment and gadgets, as well as sustainable practices to follow. 

22. 212 Yachts

212 Yachts is primarily concerned with topics related to charting, rentals, and superyacht tender hire. Their blog offers local insights into beautiful destinations, seen through the eyes of charter experts, while also offering industry-relevant gems and knowledge.

23. YotSpot

If you are looking for more generic, informative content related to yacht work, YotSpot is a great blog to check out. Apart from its articles, the website is also known for YotSpot Connect, an app that helps yachting enthusiasts meet up and stay connected across their travels.

24. Danielis Yachting

Wanna know what the weirdest superyachts look like? What about some interesting local attractions you should check out while visiting Europe? Danielis Yachting is a Croatia-based yacht charter service with a rich blog presence, hosting a diverse range of topics.

25. Silver Star Yachting 

Known as one of the best yachting blogs and with emphasis on luxury, Silver Star Yachting helps you understand how to properly charter a sailing or motor yacht. Here too, articles and blog posts are pretty diverse, and there are separate pages with info on popular destinations.

26. SuperYacht Crew Agency

Superyacht Crew Agency helps luxury yachts handle their recruitment process. Their blog is a great resource for those looking to find work, improve your CV , hire a crew, learn from the experiences of others, or get training and certification updates for their role.

Finally, let us give you a small overview of the best yachting forums. These platforms will help you connect with like-minded individuals and discuss a broad range of industry-relevant topics. Forums are a great way to find some of the best yachting resources to help you learn about building, buying, selling, and even hiring for your vessel.

27. YachtForums

YachtForums is a very active platform that helps boating enthusiasts connect and learn from one another. Membership is free of charge and there are many different categories of topics, among which one can also find comprehensive reviews of luxury vessels.

28. Yachts and Yachting Forum

The Yachts and Yachting Forum is one of the most popular discussion platforms in the boating industry. With nearly 20.000 members, there are a plethora of topics to keep you busy and a large community to help you out with potential problems.

29. YBW Forums

With more than 480.000 monthly visitors, Yacht & Boating World is one of the best yachting blogs in the industry. Their forum has more than 160.000 members and is widely considered to be the best discussion board in the industry.

to myHanse.com the forum for Hanse Yachts owners throughout the world.

The time now is 03:25

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Welcome to Yacht Bible, the ultimate destination for superyacht enthusiasts looking to explore our comprehensive collection of superyachts from all around the world. With a database compiled of hundreds of the best luxury yachts, all of the yachts on this site are owned by the wealthy elite. 

Each of the superyachts in our database has been broken down to give you the best insight into the incredible specifications and luxury features that these vessels have to offer. 

From swimming pools, beach clubs, elevators, and a plethora of toys such as jetskis, helicopters, and tenders, these yachts truly have it all. Join us as we delve into the history and take a closer in-depth look at the design of these ‘giant jewels of the ocean’.

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At Yacht Bible we strive to keep the information as up-to-date as possible by following the sale history of each of the yachts listed in order to bring you the latest information on the owners to add an extra layer of insight into the world of the wealthy.

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.css-7gvbs7{max-width:var(--chakra-sizes-full);}@media screen and (min-width: 48em){.css-7gvbs7{max-width:600px;}} The Ultimate Guide to Types of Yacht Ownership in 2024 [Updated]

Fractional Ownership

Wondering about the ins and outs of yacht ownership? You have several options. Explore the diverse types of ownership that are available, from yacht chartering and fractional ownership to sole and co-ownership. Whether you're a seasoned sailor or a newcomer to yachting, we can help you find the perfect ownership model to fit your lifestyle and financial goals.

More often than not, the journey to yacht ownership begins with a yacht charter. The cost of chartering and the flexibility it offers makes this a natural first step for many yacht owners. Spending a week living aboard a yacht will help you determine what is most important to you in a way that is impossible with a simple viewing.

Chartering allows you to:

• Sample yachts of different sizes from different builders with a low upfront cash commitment

• Explore different charter regions throughout the year

• Save on relocation fees (assuming you are chartering from the yacht’s home port) — for example, if you wanted a summer charter in the Mediterranean and later escape winter in the Caribbean

• Be responsible only for the operating costs of the boat (fuel, crew, docking fees)

All of these advantages make chartering an ideal option for someone who is either new to yachting or only looking to be on the water a handful of days throughout the year.

As with everything, chartering also presents some drawbacks. There are a few things you will want to consider before booking your charter.

Most major yachting destinations have strict coast guard laws that limit the maximum number of guests allowed on a charter to 12, regardless of the size of the vessel. If you are looking to entertain large groups during the day or the evening, chartering is restrictive, so you’ll need to be mindful of this.

The yacht you want may not be available when you want it. Often the most popular yachts are booked several months in advance of busy holidays like Christmas and New Year’s Eve, and throughout the months of July and August.

You also might not be able to book your chosen yacht if its owner chooses to use it to celebrate the holiday with their family and friends or if it has already been booked by another charterer.

Let’s look at a simple example to understand the cost of chartering a yacht. Let’s say you are looking to spend a week in the Bahamas over the New Year holiday. You’ll be eight guests: two couples, each with two children.

Working with your charter broker, your and your guests decide on this 84′ Lazzara Chip with five well-appointed guest staterooms and an updated design. A sample charter would entail:

• A $39,000 charter fee for the week,

• $5,460 in taxes in the Bahamas

• $5,850 in crew gratuity

• $11,700 in operating costs (estimated)*

• For a total of $62,101

*The running costs of the charter can vary widely depending on your itinerary and your provisioning preferences. The standard 30% APA is included here as an illustrative example.

Fractional Yacht Ownership

Fractional yacht ownership is when a manager arranges to purchase a boat among several owners. Each owner has an equity stake in the vessel, depending on what percentage of the purchase they fund. Similarly, each owner is allotted a set number of days they are able to use the boat each year. 

The owners pay an annual maintenance fee to the manager who is then responsible for managing the boat’s calendar, crew, and maintenance throughout the year.

Fractional ownership allows you to split the cost of owning a boat among several owners. Thus, the capital required upfront and annually is a “fraction” of what it would cost if you were to purchase a yacht on your own.

This type of ownership also allows you to have a professional manager run all aspects of the boat — hiring the crew, coordinating maintenance, and managing the calendar among all owners.

Unlike chartering, fractional ownership means you are able to invite as many guests as deemed safe and as long as you have proper safety equipment onboard. Furthermore, if you no longer wish to own a fraction of the yacht, most fractional ownership agreements allow you to easily sell your shares to another owner.

Fractional ownership could make sense if you already know which yacht you want and are likely to use it several times throughout the year in one particular region. However, in exchange for the lower cash required and the convenience of having a professional manager, you will be restricted to using the boat a limited number of days per year and will need to coordinate your usage with the other fractional owners.

Similar to chartering, fractional ownership comes with some drawbacks.

It’s possible the vessel might not be available for the particular dates you are looking to use it. After all, you are splitting the boat among several owners, so there’s a good chance more than one owner will want to use the boat at the same time over the course of the fractional ownership.

If you want to relocate the vessel from one area to another for an extended period, you’ll need to get most or all of the owners to agree, depending on how your ownership agreement is drawn up). 

For example, if you want to move the boat from its home berth in Cap d’Atibes to Sardinia for a month, you would need to get approval from the other owners before the boat is relocated. If you were chartering the boat, you would simply pay a relocation fee, and if you owned the boat, you would simply advise the captain to arrange for dockage in Sardinia.

You’ve just returned from your New Year’s charter in The Bahamas aboard that 84′ Lazzara Chip. You and your friends fell in love with the boat and had the most incredible week ever. You call your broker and ask how much it would cost to buy the boat new. Your broker informs you the latest model with all the custom upgrades and finishes similar to the boat you chartered would cost around $4 million.

But your broker also informs you that you could split the boat among seven other owners in a fractional ownership program. 

In this example, you would pay the manager $500,000 for your fractional shares in the boat, along with a $60,000 annual maintenance fee.

You would get roughly 45 days of usage each year, and if you choose not to use the boat, the manager would try to charter the boat for you. You would earn proceeds from any charter the manager successfully confirms.

After three years, the manager sells the boat for $2.8 million, and the owners split the proceeds amongst each other, with each owner netting $350,000.

In the above example, instead of paying $4mm to purchase the yacht along with roughly $400k in annual operating costs, you would instead pay $500k upfront and $60k annually in exchange for 45 days of use on the boat each year.

While there certainly are advantages to chartering and fractional yacht ownership, those who make the decision to invest in the purchase of their own yacht have full access to a private vessel with their crew on their terms. 

Purchasing: the pros

Having your own dedicated crew means your staff will learn your tastes and preferences so that when you step foot on your boat, everything is exactly as you would expect — from the wine that is being served to the music that is playing to the food that is prepared.

Every detail of the boat is personalized for you by you, including the color of the hull, the cushions on the sunbed, the towels in the heads, and the artwork on the walls. The ability to store your clothes, toiletries, books and wines onboard leads to a level of convenience simply not possible with chartering or fractional ownership, in most cases.

And let’s not forget the pride of ownership in itself. For many people, purchasing their first yacht commemorates a special moment in their lives — perhaps the sale of a business or the beginning of retirement. Having your chosen name on your vessel and the freedom to travel somewhere only accessible by boat, dropping anchor and staying there as long as you wish is at the core of yachting.

Purchasing: The Cons

Of course, with ownership comes responsibility. The biggest downside to purchasing a yacht, versus chartering or fractional ownership, is the financial responsibility that comes with buying and then operating your vessel. 

Aside from the purchase price of the yacht, you’ll need to hire staff to run your vessel, pay for insurance and dockage, and take care of any needed maintenance and repairs.

Similar to buying a private aircraft or an automobile, in almost all cases, a yacht owner should expect depreciation from the time of purchase to when the yacht is eventually sold. 

As with any major purchase, it’s always important to have a long-term plan in mind and work with your broker on putting together a budget for your yacht. Chartering is a common way for owners to offset the yacht’s annual cost.                                                                                                                                                                                                                                                                                                              

Purchasing: Case Study

Let’s return to our 84′ Lazzara Chip we chartered for our trip to the Bahamas. Instead of splitting the costs of the boat in a fractional ownership program, you decide, after careful consideration, that you would like to have the full freedom to use the boat as you wish, with your own crew. You want it outfitted down to the finest detail to your exact specifications, so you decide to purchase the yacht.

You and your broker work through an annual operating budget for a new 84′ Lazzara Chip. Let’s take a look:

You should expect to pay $4 million to have the boat delivered with the upgrades and finishes you choose. Your insurance should run you about $30,000 per year.

Now that you have the boat delivered and insured, let’s make sure you have it crewed. Running the boat with a full-time captain, first mate and stewardess will run you about $186,000 per year: $90,000 for the captain, $48,000 for the first mate, and $48,000 for the stewardess.

Your captain helps you secure a slip at a local marina with an annual berthing fee of $70,000. Your broker advises you that if you run your boat locally a few times per month throughout the year, you should expect to pay about $100,000 in fuel.

For a boat this size, you should expect to have a 12- or 24-month warranty that comes standard. Your broker should be able to help negotiate a 12-month warranty extension so that most work for the first three years should be covered. But even with this warranty, you should budget about $20,000 each year for maintenance and repair work.

Overall, you can expect to have a $4 million outlay for the purchase of your yacht along with a $376,000 annual operating budget.

Owners will often choose to enter their boat into a charter program to help offset the running costs of the boat. Chartering is an important factor you will want to consider before purchasing your yacht, as this will dictate what type of insurance you purchase and even which boat might make the most sense, given the charter demand in a particular market.

As you can see, there are several options when it comes to yacht ownership, each with its advantages and drawbacks. 

The first things to consider before engaging with a broker is what you will be using the boat for, where you will be, and how often you will be using it. After weighing the pros and cons of each option, the next most important step in the process is appointing your broker — someone who is knowledgeable when it comes to the type of vessel you are interested in and who understands your wants and needs.

A good broker is your advocate and whichever option you choose — charter, fractional ownership or purchase. They will be sure to make the process smooth and enjoyable. 

We look forward to hearing from you and helping you along the way in your journey. Our brokers are dedicated professionals who have deep knowledge and understanding of the fast-changing yacht market. We are passionate about making our clients happy and developing new relationships that will last a lifetime.

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Understanding Yacht Co-Ownership: Answers to the 8 most-asked questions.

Whether you want to buy a share of a yacht, sell a share of a yacht, or are completely new to the concept of yacht co-ownership, this article is for you. We’re sharing some of the most popular questions we get from clients, and our answers.

What is yacht co-ownership?

Yacht co-ownership  – also referred to as fractional yacht ownership or shared equity yacht ownership – describes an ownership structure that enables a designated number of co-owners to share all the benefits and costs associated with owning a yacht. 

Why choose co-ownership?

The immediate appeal of co-ownership, as opposed to conventional yacht ownership, is that you only pay for the time you spend on the yacht. If you were to own a yacht outright, you would be paying for the yacht even when it’s simply docked in the marina.

Plus, with shared ownership, your yachting budget can go a much longer way. The more people you have to share the cost with, the bigger your budget and your yacht options will be. Rather than having just one single budget to work within, you’ll have double or triple that depending on how many partners you share the yacht with.

Another major advantage to co-ownership is the hassle-free experience it offers. As part of AvYachts Co-ownership Plan, management and maintenance responsibilities can be taken care of for you. Rather than worry about planning yard times, hiring and managing crew, and the day-to-day challenges of yacht ownership, you’ll be able to spend more time enjoying your yacht and having fun.

How does co-ownership work?

With yacht co-ownership, each owner gets to use the yacht on a fair basis according to how large their share is. There is a round-robin system that rotates the most popular weeks of the year, such as high-season or school holidays, with the flexibility to swap weeks.

What is the right number of co-owners?

There is no one right number of owners. It is dependent on a variety of factors, including the size of the yacht, plus where and how often you plan on using it. Our expert matchmakers will work with you to find just the right ownership structure for you. 

Why do so few companies offer Co-Ownership services?

Co-ownership has long been a part of yachting culture – whether it’s family members buying together, business partners, or even friends. So why is it that so few companies offer co-ownership services? The honest answer is that it requires a lot more effort and dedication to put a shared deal together than a single ownership deal. In some cases, it can be twice to four times the work, so a company/broker needs to be passionate about the concept of finding the right fit for you and be experienced at successful yacht partner matchmaking.

Why consider selling a portion of your yacht?

The demand for yachting is growing.  Every yacht owner has weeks their yacht is sitting empty.  That is never good for the yacht, the crew, or the bottom line.  While some owners open their yacht for charter to defray the cost, another option is to sell ¼ or more of your yacht for a lump sum plus an annual rate for a guaranteed number of weeks a year.  As the seller, you set the rules of ownership.  It is a guaranteed flow of funds and will keep the yacht and crew moving. 

If you are looking to buy a share of a yacht, what factors should you consider when setting a budget?

Owning a yacht is expensive, no matter what your budget is. Here are some questions to consider when setting your budget:

-    Do you want a crew, or are you planning on being the captain and maintaining the yacht?  -      Usage weeks: How many times a year are you going to use the yacht?  -      Number of staterooms: How many people will you be traveling with? -      Destination: Where do you want to go on the yacht? -      Homeport: Where do you want to keep the yacht? -      How long do you want to own the yacht? -      Do you want to handle the maintenance and logistics of owning a yacht?  

Any additional considerations?

At the end of the day, it is not only the purchase price of the yacht that you should keep in mind.  The yearly maintenance and running budget are some of the most important numbers to consider when shopping for a yacht.

 As the expert in helping you buy or sell a share of a yacht, AvYachts matchmakers can connect you with the yachting experience you dream of, at a fraction of the price you imagine. Ready to get started? Contact us today. 

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Owner found safe after boat drifts ashore in Jersey Shore town, officials say

• Updated: Sep. 06, 2024, 6:13 p.m.
• | Published: Sep. 06, 2024, 6:02 p.m.
• Matthew Enuco | NJ Advance Media for NJ.com

The owner of a boat was located safe Friday as a large scale search was initiated when the vessel washed ashore in North Wildwood, according to a Facebook post from police Friday.

The U.S. Coast Guard station in Atlantic City initiated a search along the Wildwood coast, Coast Guard officials confirmed Friday, as a multi-agency effort to search for potential victims began.

The abandoned boat was discovered early Friday morning in the area of First and Surf avenues, officials said.

Authorities eventually located the owner of the boat, who was confirmed safe early Friday morning in a hotel room, officials said.

Details on what led to the boat being washed ashore were not shared by authorities.

An investigation into the incident by North Wildwood police is ongoing, according to the social media post, and officials have asked the public to avoid the area.

Officials with the North Wildwood Police Department did not immediately return a request for additional comment Friday.

Stories by Matthew Enuco

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Feds arrest 27 in South Florida cocaine trafficking case, including boat racing team owner

Chris Gothner , Digital Journalist

MIAMI – More than two dozen people, mainly from the Florida Keys and Miami-Dade County, have been arrested by the FBI after authorities accused them of trafficking cocaine, officials with the U.S. Department of Justice announced Friday.

They come after a series of raids on Thursday following a federal grand jury indictment in August, charging the 27 suspects with various crimes.

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Those facing charges include Florida Keys Aqueduct Authority employees, commercial charter boat operators, and a former city of Marathon employee, a news release states.

Among those facing the most serious charges include a South Florida powerboat racing team owner.

JS Racing S-7 owner and convicted felon John Robert Strama Jr. is facing counts of conspiracy to distribute and possess with the intent to distribute 5 kilograms of cocaine, using a child under the age of 14 to engage in drug trafficking and avoid detection and apprehension and possessing a firearm and ammunition after a previous felony conviction.

Strama, 42, of Marathon, could face life in federal prison.

Others who could face a life sentence are Daniel Delgado, 38, of Miami Springs; Orlando Rene Gonzalez, 29, of Hialeah; Pedro Luis Lugo Jr., 36, of Marathon; Alfred Michael Nunez, 34, of Marathon; Daniel Fernando Ramirez, 43, of Key West; Elvis Lazaro Ruiz, 31, of Marathon; Nyran Antonio Ross, 32, of Marathon; John Stiglitz, 39, of Marathon; and Tyrell Lamar Williams, 36, of Marathon.

They are also accused of distributing and possessing with the intent to distribute 5 kilograms or more of cocaine in Monroe and Miami-Dade counties.

Kenyatta Scott Jr., 32, of Key West, and Macarthur Junior Sheppard, 36, of Marathon, could face up to 80 years in prison. Authorities said they, along with Ross and Williams, distributed cocaine within 1,000 feet of playgrounds in Florida City and Marathon.

Others charged in the case, facing maximum sentences of 20 to 40 years, are:

• Bairon Aceituno Machado, 34, formerly of Marathon
• Louis Charles Arvelo, 38, of Boca Raton
• James Dean Chatelain, 34, of Marathon
• Michael David Corbosiero, 68, of Boca Raton
• Lazaro Jesus Hernandez, 35, formerly of Marathon
• Andrew Hamill Hunt, 36, of Marathon
• Tyler Jameson Macmillan, 33, of Big Pine Key
• Jose Enrique Olivo Sanchez, 34, of Marathon
• Kizmet Yatz Qualls, 51, of Marathon
• Alberto Ravelo Jr., 34, of Hialeah
• Michael Joseph Rodamer, 63, of Key Colony Beach
• Allison Annmarie Thomas, 29, of Marathon
• Robert Roy Taute Jr., 50, of Marathon
• Kevin Andrew Yeider, 46, of Marathon
• Anthony Velez Llanes, 38, of Little Torch Key

Authorities said the suspects had been trafficking drugs since as early as 2020.

The indictment also specifies assets subject to forfeiture, including three properties in the Keys, boats and personal watercraft, including a 39-foot speedboat, and a Ford truck.

Authorities said the suspects began appearing in various South Florida federal courtrooms on Thursday.

The FBI’s Miami office investigated the case, according to the news release, with help from FBI agents in Detroit, U.S. Probation and Pretrial Services and Miami-Dade and Homestead police.

Read the indictment:

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About the Author

Chris gothner.

Chris Gothner joined the Local 10 News team in 2022 as a Digital Journalist.