25 September 2016

16 Feb 2016

In focus: The Spanish superyacht market


SuperyachtNews.com sat down with key stakeholders in the Balearics' superyacht industry to discuss the current fiscal and political landscape in Spain. Hosted at Astilleros de Mallorca, the group discussed the state of the Spanish yachting industry and key projects they are working on.

First on the agenda was to discuss the positive progression of the Spanish charter market since its exemption from the Matriculation Tax. It seems that, with brokers increasingly recognising Spain as a charter destination, together with the current political situation in the eastern Med, the demand for charter yachts in the Balearics far outweighs supply.

Key Balearics industry stakeholders

“It is still a very niche market and charter yachts should take advantage of that,” says Barbara Müller, senior charter broker at Ocean Independence, explaining that there are currently only five yachts over 50m actively available for charter in the region.

Diego Colón de Carvajal, general director of Astilleros de Mallorca, believes that the future for the Balearics will be determined by the expansion of the port of Palma. “We need to focus on expanding our lifting capabilities from our current maximum of 70m to 100m,” he explains.

This will only be facilitated by the Port Authority, who are increasingly open to working with the superyacht sector. Recent figures estimated that 50 per cent of its total income came from the yachting industry.

“It is still a very niche market and charter yachts should take advantage of that."

The recent change of government – in the Balearics and nationwide – has presented challenges to growth, but Diane Franklin of E3 Systems is sure that there is better awareness on all levels of the positive impact of the nautical sector. “In order to improve public opinion, we are increasingly trying to reach out to young Spanish people, to educated them on potential careers in the sector,” she says.

It was acknowledged that the Palma Superyacht Show, held this year from 28 April to 2 May, is helping to improve public opinion of superyachts and, as a result, will help the sector in terms of its treatment by the authorities.

Going forward, Miguel Angel Serra Guasch, maritime lawyer at Garrigues, believes the most important thing for the industry will be to have a bigger presence in Brussels. “The next thing we will need to have a voice in is the implementation of the new Customs Code, which will affect the entry of yachts,” he cautions.

A full report of the meeting will be published in issue 169 of The Superyacht Report, out in April.

The Superyacht Management Meeting: Fiscal will be taking place on 26 April 2016 in Barcelona. Focusing on 'Operating in Spain', the event will provide a comprehensive overview of operational matters in Spanish waters.


Profile links

OCEAN Independence AG


Astilleros de Mallorca

e3 Systems

Servicios Tecnicos Portuarios - STP Palma

Nauti Paints & Chandlery

Camper & Nicholsons International


Add a comment

1800 character limit

Having problems? Let us know editor@superyachtnews.com

Other Business News

The Superyacht Owner's VIP Lounge Returns to Virage

After an extraordinary turn of events the Superyacht Owner’s VIP lounge returns to its traditional home. Make sure your name is on the guest list More

Inspiration or just PR?

As concepts arrive on our desk in the run up to Monaco, we look at the line between inspiration and PR More

Eight superyacht losses in 2016

Thus far 2016 has seen eight serious incidents that have resulted in the loss of superyachts, nearly five more than the average numbers of yacht fires between 2010 and 2015.  More

When one yacht crew receives €60,000 of prizes...

We delivered €60,000 of prizes to the crew of motoryacht Secret, the winner of The Crew Report's Superyacht Golden Ticket survey. More

business News Archive

Most Recent Comments

  1. SY Kaori comes to the aid of a yacht in distress More
  2. Bureaucracy hits superyachts cruising Italy More
  3. Back to basics More
  4. Cannes increases security as Balearics increase business More
  5. Brokers - Sailors or salesmen...? More
SuperyachtNews app available now. Click here to download.
The Superyacht Intelligence Annual Report is out now. Subscribe today and access your digital copy instantly. Subscribe now.


Get regular updates from SuperyachtNews with our weekly Email Newsletter.



Latest Premium Listings

Cummins Inc.

Cummins Inc.

Nlightened Software Ltd

Nlightened Software Ltd

Cogs 4 Cancer

Cogs 4 Cancer

Zytexx International Ltd

Zytexx International Ltd

Melita Marine Group

Melita Marine Group

Raytheon Anschuetz

Raytheon Anschuetz

Kahlenberg Industries, Inc.

Kahlenberg Industries, Inc.

Directory. Add your logo here with a premium listing.

Featured Listings

Satellite Communication

Marlink AS
Marlink offers seasonal, flexible contracts to match regional sailing requirements. Through our dedicated account managers & customer services, we develop personal relationships with customers & drive innovations to develop digital solutions & smart applications that take you beyond just connectivity.

Paint & Protection

WREDE Consulting is an independent paint consultant and paint surveyor company who has worked for most of the 200 largest yachts worldwide in coating, paintwork and equipment areas. WREDE Consulting engages in quality management and objective quality assessment for the coating of mega- and superyachts. www.wrede-consulting.com

Water Treatment & Watermakers

Jets Vacuum AS
Jets Vacuum has for over 30 years been the leading innovator in vacuum sanitation technology. With over 11,000 Jets systems in operation on all types of ships, Jets are known for high quality, flexible cost efficient solutions backed up by first class world wide service

Navigation, Satellite Communication, Security

Raytheon Anschuetz
Integrated Navigation Systems based on state-of-the-art technology and decades of experience in the superyacht industry. Ultimate knowledge and flexibility in system integration. Dedicated customer care throughout the whole project and beyond.

Engine Room, HVAC & Refrigeration

ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.

Shore Power Convertors

Atlas Marine Systems, the world leader in the design of marine electrical power systems, offers a full range of engineering services necessary to define the onboard electrical distribution system or simply the application of the Atlas power conversion products.

Tenders & Toys

Superyacht Tenders & Toys
Superyacht Tenders & Toys have a high level of expertise in providing new build and custom tenders, chase boats, RIBs & all popular yacht toys. With an unrivalled global service network, maintaining a personal & bespoke service, wherever you are in the world, Superyacht Tenders & Toys can help.

Electrics, Environmental Solutions, Propellers & Propulsion, Software, Training

ABB Marine and Ports
ABB is a leading supplier of electrical power and propulsion systems for ships. We provide innovative, safe and environmentally-friendly solutions and qualified services worldwide. Our Azipod® propulsion has proven its efficiency and reliability on yacht vessels with its ultimate silent and ecological solution.

Add your company listing here

Add a featured listing here and your advert will appear on every page of SuperyachtNews.com, SuperyachtIndex.com, TheSuperyachtReport.com and TheCrewReport.com.

Add my company listing