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Successful Monaco Yacht Show For Isle Of Man,
by Phillip Morton, Investors Offshore.com
Thursday, October 02, 2008
The Isle of Man's (IoM's) Trade and Industry Minister, David Cretney has announced
this week the success of the IoM Ship Registry at last month's Monaco Yacht
Show, which ran between September 24-27, 2008.
The Monaco Yacht Show brought together professionals from the international
luxury yachting sector, ship-builders and designers, equipment suppliers, brokers
and service providers. It is renowned throughout the sector because it is the
only yacht show exclusively devoted to superyachts of at least 25 metres in
length.
This year’s event was the 18th and proved to be the biggest yet with
500 exhibitors and 28,000 visitors.
The Isle of Man Ship Registry hosted a stand in conjunction with the Isle of
Man Aircraft Registry in recognition of the similarities in target market for
ownership of corporate jets and superyachts. Their presence was complemented
by excellent support from Isle of Man companies operating in the shipping and
aircraft management sectors.
The services on offer included vessel registration, aircraft registration,
surveys, yacht management, corporate vehicles, tax structures and virtual web
creation – all of which highlighted the Isle of Man’s continued
strength in depth in these areas.
Mr Cretney, who was in attendance at the Isle of Man stand for one of the three
days, commented:
“It was encouraging to see so many people from the Island in Monaco,
each promoting the services we have to offer, illustrative of the excellent
working relationship between Government and the private sector.
"This was my first visit to this show and a number of Isle of Man yachts
were in attendance all displaying the Manx flag. There is no better showcase
for the Isle of Man than to see the ports of Douglas and Ramsey proudly displayed
on these magnificent vessels, plus there was an Isle of Man-registered helicopter,
M-BOAT, which was being displayed on board a yacht. It resulted in a very successful
show for the Isle of Man.
"We have secured six more superyachts for the Register, with the possibility
of more to follow in the future, and received numerous enquiries for aircraft
registration," he added.
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