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FEBRUARY/MARCH 2021 Control Your Destiny – or Someone Else Will Pg. 12 Yacht Design Evolution Pg. 10 Best Practices for Green Yachting Pg. 40
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CONTENTS A publication for the Members of the February/March 2021 International Yacht Brokers Association 5 From the Helm: The Light at the End of the Tunnel On the Cover: By Paul Flannery, IYBA Executive Director Lazzara motoryacht at sunset. Photo by YachtPics.com 10 THE MARKET 7 Palm Beach International Boat Show Preview 8 The ABC’s of Fractional Jet Ownership 10 Five Decades of Yacht Design By Superyacht Designer Patrick Knowles 12 Why Our Industry Needs to Control Our Own Listing Data 13 Energy, Experience and Leadership: Your IYBA Board 14 Which API Feed Fits Your Company Best? 18 28 16 MIASF Advocacy Update: Boats, Trains and Regulation 17 Q4 2020 Brokerage Report Shows Significant Increases THE AFTERMARKET 18 Boatyard and Marina by Panama Canal’s Pacific Entry 20 Wood Finish and Refinish: the Good, the Bad and the Ugly 22 New Superyacht Air Purification System 42 48 THE WORLD E V E N T S February 18 24 Major Development Program for Bay Street Marina IYBA Brokers Open House Bahia Mar Yachting Center in Nassau Fort Lauderdale, Fla. 26 Hope on the Horizon: Winter Charter Season Update February 25-26 28 The World’s Aquarium: Charter Itinerary for the Bahamas Charter Yacht Show Sea of Cortez Rybovich Superyacht Marina West Palm Beach, Fla. THE LAW March 25-28 Palm Beach International Boat Show 30 Boat and Yacht Insurance – Not Business as Usual West Palm Beach, Fla. 32 Foreign Flags & Offshore Companies – Why Some For more information on upcoming IYBA events, Prefer Them visit www.iyba.org/events THE MEMBERS 34 Member News: New Hires, Sales, Listings & More EDITORIAL TEAM IYBA Membership Committee Update & New Members Paul Flannery, IYBA Executive Director Plus: In Memoriam: Jay Jurgens Casey Noble, IYBA Sales and Marketing Coordinator 40 Eco Chart – Environmental Best Practices for Yachts Emma Ross, IYBA Events Coordinator 42 AMIKids: 50+ Years Helping Vulnerable Youth Raut Massre, IYBA Communications Specialist 44 Gallery: IYBA TopGolf Tournament Denise Huntze, Print Dynamics, Designer Randy Thomas, Print Dynamics, Publishing 46 Gallery: November Charter Open House Gary Beckett & Louisa Beckett, 48 David Fraser & the Early History of Fraser Yachts Turnkey Communications & PR, Inc., Writers/Editors NOTE: The articles and information contained in COMPASS represent the opinions of the authors and editors and should not be construed to be those of the International Yacht Brokers Association. Nothing contained herein is to be considered as the rendering of legal advice for specific cases, and readers are responsible for obtaining such advice from their own legal counsel. The articles and information herein are intended for education and informational purposes only. 2 FEBRUARY/MARCH 2021 | www.IYBA.org
IYBA BOARD OF DIRECTORS 2020 President Charter Retail Committee: Bob Saxon *see website for full Committee listing Bob Saxon Consultancy Bob Saxon | Board Liaison LeAnn Pliske | Co-Chair 2020 Vice President Amy Wachmann | Co-Chair Gary Smith FOLLOW US SYS Yachts Forms: *see website for full Committee listing 2020 Treasurer Paul Flannery | Chair Jeff Stanley Jon Burkard ONLINE Gilman Yachts Bob Allen Chris Anderson 2020 Secretary Robb Maass Grant Henderson Northrop & Johnson Membership: *see website for full Committee listing 2021 Directors Kristen Klein | Chair Jon Burkard Bob Saxon Allied Marine Bob Denison Trevor Carroll Paul Burgess Fraser Yachts Chuck Cashman MLS: MarineMax Bob Denison | Chair Bob Denison Gary Smith Denison Yacht Sales Paul Burgess Rob Newton Andy Miles Miles Yacht Group Carmine Galati Michael Scalisi Public Affairs: HMY Yachts *see website for full Committee listing Staley Weidman | Co-Chair James Corts MarineMax Paul Flannery | Co-Chair Grant Henderson COMMITTEES Seminars & Events: *see website for full Committee listing Advertising/Publicity: Bob Denison | Co-Chair *see website for full Committee listing Jeff Stanley | Co-Chair Paul Burgess | Chair Carmine Galati| Co-Chair Crom Littlejohn Chuck Cashman Grant Henderson Trevor Carroll Tom Gresh Tracy Hess Sponsorship: *see website for full Committee listing TAG US FOR A CHANCE Arbitration & Ethics: *see website for full Committee listing Andy Miles | Co-Chair Trevor Carroll | Co-Chair Paul Flannery TO BE FEATURED Jon Burkard | Chair Jeff Stanley European Development Committee: Hein Velema | Co-Chair #iybasocial Boat Show Committee: Nicolas Valin *see website for full Committee listing Grant Henderson | Chair Sophia Tutino #megayachtmonday Vincent Huens de Brouwer Andrew Doole Bob Denison MARINE ORGANIZATIONS #tuesdaycruiseday Rob Newton Phil Purcell, & ASSOCIATIONS MIASF Anchor: Grant Henderson #fridayafloat Bob Saxon MYBA: Bob Saxon Tim Derrico YBAA & CAC: Staley Weidman NMMA & MIAF: Paul Flannery Boomer Jousma MIAPB: Paul Flannery Tracy Hess Burgess USSA: Rob Newton Paul Flannery Chuck Cashman CYBA: Bob Denison @iyba_yachts NYBA & NWMT: Bob Denison YPY: Kristen Klein Charter Professionals Committee: *see website for full Committee listing LYBRA: Rob Newton @InternationalYachtBrokersAssociation Bob Saxon | Board Liaison ISS: Bob Saxon Daphne d’Offay | Co-Chair Jeff Shaffer | Co-Chair Marine Advisory Board: @InternationalYachtBrokersAssociation Grant Henderson *www.IYBA.org iyba.org 4 FEBRUARY/MARCH 2021 | www.IYBA.org
FROM THE HELM by Paul Flannery, IYBA Executive Director THE LIGHT AT THE END OF THE TUNNEL I know it’s already February, but welcome to had to be made to cancel the Miami Yacht Show for 2021 and for this we are truly sad. Not only for the income loss to the organization, 2021; a new year that burns bright with hope but also for the missed opportunity to showcase your products to and optimism! That’s my story and I am sticking the public. The good news is that over the years, the IYBA Board of to it. Directors has been judicious in their stewardship of the association treasury and we are prepared to weather this storm. We anticipate no Fortunately, that is how we look at things here at IYBA, as we have disruption in member services and as we (hopefully) return to a more the opportunity to effect positive change in an industry that provides normal world, we will continue to deliver high-quality seminars and pleasure and incredible experiences to people all over the world. From events. Keep your eyes open; we’ll roll out more in-person events again the “Lunchbox Joe” with a bass boat to the megayacht owner cruising as soon as the climate allows. far-flung destinations, we have the pleasure of guiding them to the best You undoubtedly have seen the recent press releases concerning decisions on how to realize their dreams. the new mega Miami International Boat Show in 2022. So, what will it If you think about it, we look like? That is yet to be fully in the marine industry have a The combined event promises to be determined but all indications are that it will have an all-new pretty good gig, and in 2020 it was a pretty busy gig. So what an experience that will make the look and feel. With combining the shows, our information at does the future hold? Well, if I knew that, I’d be rich. But what Miami International Boat Show the this time is that the renovated I do know is that if we continue city’s largest and arguably the most Miami Beach Convention Center will be home to the to provide an excellent level of customer service, stay abreast important event of the year. smaller boats and accessory of changing regulations, and displays while One Herald stay engaged with our client base by using all Plaza (downtown) will be ground zero for the tools at hand, the likelihood is that we will larger boats and the accessories that pertain continue to make the best of whatever comes to that market segment. The overall event our way. will be promoted with live concerts, remote Speaking of coming our way, at the time stages, upscale food, and an elevated consumer of this writing, our Board elections have just experience all around. Transportation woes concluded, and I am happy to congratulate will be remedied by opening a corridor on the Trevor Carroll, Grant Henderson, Andy Miles Venetian Causeway with dedicated vehicles and Gary Smith on their re-elections for the that will quickly shuttle guests back and forth 2021-22 term. I also would like to welcome between the two venues. James Corts of MarineMax and Michael Scalisi All in all, this combined event promises of HMY Yachts to the IYBA Board of Directors to be an experience that will make the Miami and wish them great success in their upcoming International Boat Show the city’s largest and terms. Jon Burkard, Chuck Cashman, Bob arguably the most important event of the year. Denison, Bob Saxon and Jeff Stanley will Stay tuned for news as we know it. complete the second year of their terms and That’s all the news that fit to print. Good with this group I am sure we accomplish great luck, stay healthy and prosper in the New Year. things in 2021. Now get out there and sell something, will ya…. Mega Miami Show in 2022 Cheers, Unfortunately, due to circumstances beyond Paul If you think about it, we in the marine industry our control (including the fact that Dade have a pretty good gig. County was not granting any event permits for this winter due to the pandemic), the decision Paul Flannery We use recycled paper and environmentally friendly inks in printing Compass magazine. www.IYBA.org | february/MARCH 2021 5
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T H E SHOWS T M AR K E LIVE AND IN PERSON: THE 2021 PALM BEACH INTERNATIONAL BOAT SHOW While the unprecedented cancellation of the similar layout as it did in 2019, with large brokerage yachts on display at the north end in Palm Harbor Marina. Vessels that are too large for the Miami Yacht Show and Miami International show to accommodate will be berthed at Rybovich Marina in West Palm Boat Show in February due to the COVID-19 Beach. “We are moving forward,” Doole continued. “A lot of the major pandemic may be a setback for some marine players are back and some are expanding a little bit, so we are manufacturers and retailers in the U.S. and comfortable that it’s going to be a great presentation for attendees.” overseas that had planned to exhibit there, Re-imagined AquaZoneTM South Florida has another major show on the One of the big exhibitors returning to the 2021 edition of PBIBS horizon. As of this writing, the 35th Annual is Nautical Ventures. “As of this writing, with the Miami Boat Show Palm Beach International Boat Show (PBIBS) cancelled, we’re excited to showcase our boats, tenders and toys during the Palm Beach International Boat Show,” said Roger Moore, Nautical was scheduled to go forward live in West Palm Ventures CEO. “Returning for the sixth year is our world famous Beach on March 25-28, 2021. AquaZone, an in-water demonstration arena where boaters can see firsthand the latest innovations in yacht toys. In light of COVID 19, “We are going to institute the same COVID regulations that we did this year’s AquaZone has been reimagined and recrafted to ensure the for the Fort Lauderdale International Boat Show, so we will have all highest standards of safety while delivering and awesome experience. the same protocols,” said Andrew Doole, president, Informa Markets I feel the Palm Beach Show will give everyone a chance to experience U.S. Boat Shows, referring to Informa Markets’ AllSecure health and some normality within a great boating environment, mingle with like- safety standards, which helped to make FLIBS a success. These included minded people, and see what’s new in person.” temperature testing, mandatory face coverings, social distancing, A lot of the major players are back Economic impact a contactless ticketing system, The marine industry is an ongoing cleaning of all areas and some are expanding, so we are important staple of the Florida before, during and after each day’s events, numerous hand-sanitizing comfortable that it’s going to be a economy, accountable for over $23.3 billion. The Palm Beach stations and CDC signage posted great presentation for attendees. International Boat Show itself throughout the event space. At has a total state-wide economic FLIBS, Informa also had a live dashboard mounted outside the show impact of over $682.7 million. This year’s show will feature more than that displayed how many attendees were on the show site at any time, $1.2 billion worth of yachts and accessories, including hundreds of boats and Doole said they may do the same at PBIBS. ranging from 8-foot inflatables to superyachts nearly 300 feet in length. Changes to the Palm Beach show’s format will include opening up “People are looking forward to it.” Doole said. “The [City of West the entrance tent on Clematis Street, he reported. “It will not be air- Palm Beach] is looking forward to trying to host it, and all the local conditioned; it will be completely open so people will not feel trapped hotels and businesses are looking forward to the show coming. A lot of in an enclosed space. The whole entire show really is an open-air event new boat dealers, brokers and everybody else are looking forward to the now.” show happening.” The Windward VIP Club in the Lakeview Pavilion at the show will When asked if the show truly will go on, Doole said, “It’s a have an expanded outdoor patio seating area, he reported. And the cocktail collaborative effort between the boat show and the City of West barges will host seated dining and drinking only, with no stand-up bars. Palm Beach to bring the event around. We are both monitoring the Doole anticipates that the in-water portion of the show will have a conditions.” www.IYBA.org | february/MARCH 2021 7
THE MARKET AVIATION FRACTIONAL JETS OVERVIEW by Nick Copley, SherpaReport.com The Global 7500, NetJets’ fastest, longest-range private jet – arriving late 2021. Photo courtesy of NetJets When you buy a fractional jet share you are There are some companies that offer fractional shares based on days of use, rather than hours of use. As an example, a 1/16th share would paying for part ownership of a specific plane. then give you say 20 days of use during the year. You will be allocated an amount of time in the aircraft. This usually ranges between 50 - 400 Is it for me? As we mentioned above, you need to fly privately at least 50 hours a hours of flight time per year. The number of year for it to start to make sense. Even then, if you often need different hours depends on the size of the share. sized aircraft – eg, for a mix of big groups, small groups, long trips, short trips – a share might not be the right answer. Having said that, As most of the companies operating fractional jet programs have many fractional programs will let you use a larger or smaller aircraft if whole fleets of aircraft, you’re unlikely to be using “your” plane each they have different planes in their fleet. time you fly. It makes more sense economically for the operator to bring Buying a share is typically a five-year commitment, sometimes with the closest available jet shorter periods available, to meet you. Having an empty plane waiting on The two main things to decide in picking so if you expect your travel needs to vary significantly the tarmac would mean an the right plane for your needs are the over this period it may increase in costs, which will make sense to look at ultimately be handed on to passenger capacity and the flight range. the other options. Most the owners. agreements do give you At the end of the program’s term (usually five years), the owners the opportunity to opt out after say three years. usually sell their shares of the aircraft back to the operating company. This final sale price is dictated by the marketplace price for the aircraft. Costs The costs involved in fractional jet ownership can be broken down Planes into four categories. There are a variety of companies offering fractional aircraft • Initial capital fee, or acquisition cost, which varies based on the type ownership and a variety of planes to choose from. You can buy a share of plane and the size of share you buy. A share in a light jet would of light jets through heavy jets and some companies offer shares in start at about $350,000 for 1/16th. turboprops and helicopters. The two main things to decide in picking • Monthly maintenance fee, an amount that includes the pilot’s salary, the right plane for your needs are the passenger capacity and the flight insurance, maintenance and the cost of keeping the plane in a hangar. range. In simple terms, the bigger the plane, and so the larger the • Occupied hourly fee, which covers fuel, maintenance and in-flight capacity and the longer the range, the higher your costs will be. catering whilst you’re onboard the jet. • Miscellaneous, includes fuel surcharges. Fractional shares The initial costs can vary from a few hundred thousand dollars for a The operating time for a fractional plane is usually based on 800 1/16th share in a small jet, to several million dollars for a 1/4 share in a hours a year; in other words, the operators expect the aircraft to be large business jet. The costs are split in a linear fashion, so 1/8 is twice flying for 800 hours each year. The smallest fraction is typically 1/16, as much as two 1/16ths, with no real discount for buying larger shares. equivalent to 50 flying hours per year. The other common ownership The total costs over a typical five-year ownership period are likely to be fractions are: well over $1 million for a light jet. • 1/8 = 100 hours • 1/4 = 200 hours Reprinted with permission from The Sherpa Report. For more information, • 1/2 = 400 hours. please visit www.sherpareport.com. 8 FEBRUARY/MARCH 2021 | www.IYBA.org
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THE MARKET LUXURY by Patrick Knowles, Owner, Patrick Knowles Designs 5 DECADES OF YACHT DESIGN: A RETROSPECTIVE Yachting has its own set of design and style rules, 1980s The yachting world did a turn in the ’80s. The yacht became a vessel and when working with clients accustomed to in which to get away and forget about life. Miami Vice was at the top of the best, designers must keep up with the latest the ratings...and everything followed its trend-setting path, including and greatest. I witnessed the tail end of the ’70s, yacht décor. Peach, turquoise, mirrors and leather dominated, and pearlized and ever since beginning my career in the early lacquered finishes in all shades of ’80s, I have had a front-row seat to this ever- pastel were truly the rage. Futuristic and galactic themes changing world. Now, as we head deeper in were also popular. In the image below, 2021, let me be your guide on a journey through affectionately called the Galactic five decades of yacht design. As Yves Saint Lounge, is a design of mirror, glass and lacquer – a request of the client’s. Laurent said, “Fashions fade, style is eternal.” Miles of fiber optics were laced through the design to create the 1970s galaxy effect in the overhead panels The 1970’s gave us Photo by Mike Whitt Photography two main styles of design on yachts. The first, a and in the reveals of the soffit Palm Beach flair with a and cabinetry. A handwoven Lilly Pulitzer feel – heavy celestial carpet of premier on rattan and old Key silk and wool also combined West “Hemingway-style” with fiber optics to create a furnishings. Enclosed continuous display of movement aft decks were extremely Photo by Martin Fine Photography and animation. popular, the yachting The roaring ’80s at their best! version of the “veranda” or “screened porch”. 1990s Photo by Donna and Ken Chesler Conversely, the ’70s also The ’90s style was modern, brought a style associated with it was hip, it was smart, with a nod to the past. Intricate designs seemed elegant old estate homes, to fall out of fashion, as minimalist featuring painted panels, sensibilities took over. Monochromatic deeply patterned carpeting, understated backgrounds set the opulent drapes and gloss teak, stage for monolithic statement pieces. the benchmark and gold star Soft furnishings began to transform of yachting joinery. into more contemporary pieces with Full wood-paneled rooms traditional silhouettes, where one could were the rage by the late ’70s be modern without being disloyal to Photo by Pamela Jones Photography as a yacht was not a yacht tradition and heritage. without an abundance of Metals became key in ’90s yacht teak – Burmese Teak, no doubt, the best one can acquire. Having lots design, integrated in décor and of it spoke about the owner’s means without having to utter a word! appliances, technology and even textiles. Wood shutters in the same species as the bulkheads and cabinetry was also an Photo by Shayne Hensley identifying mark of this Photography era. Peridot carpeting, Similar to the ’80s, mirrors were drapes, tassels and sheers used extensively in the ’90s, but again confirm the style this time they were not used to and sensibility one would maximize the look of the room, conjure up when dreaming but rather as an understated of a classic, traditional Y-A- accessory used to underscore C-H-T. and lighten the space. Photo by Pamela Jones Photography Photo by Shayne Hensley Photography 10 FEBRUARY/MARCH 2021 | www.IYBA.org
THE MARKET LUXURY 2000s Clients began to look Ah, the 2000s – every industry changed! Y2K proved to be no more for clean-lined teak than a hoax, and with that, we were in a new millennium. This was a furnishings. Natural time of transformation and that included everything about yacht décor. wood and metal For the first time, in the 2000s we were talking about sustainability in finishes were popular, materials and capabilities in smart technology. but notice the In décor, austere, serene and monochrome designs took center metal accent of the stage. The spa mentality that is prevalent in yachting today began in furniture is bronze… the 2000s. Crisp linens, soft bed frames, upholstered (non-padded) whereas the reflective bulkheads and a distinct lack of accessories and accents induced a calm Photo by Alexis Andrews finish of yachting- that comes about only when the mind is pardoned from having to digest grade polished all the clutter that was popular stainless steel is reserved for handrails, reaffirming your presence aboard a in the preceding decades. luxury yacht. the 2010s officially mapped its own course. One of the popular 2020 In 2020, when “pandemic” was the I am finding myself creating word of the year and the concept of spaces I would never have quarantining on a yacht became a reality, there was a trend in yacht design toward dreamed possible at the more family-oriented spaces, a focus on air filtration and sanitation systems, and beginning of my career. a renewed interest in opening up as many spaces as possible to have a flow of natural Photo by Stef Bravin Photographe air and outside play. Today, in the interior, comfort is key. Warm wood, traditional sapele trends of the early 2000s, mahogany juxtaposed with contemporary and very dark wenge species which still has merit in of wood are popular. today’s design, was the use Light fixtures range of a palette with colors so from sleek hidden close to muted it became insets to glamorous, difficult to discern which was mood-setting foundation and which was Hollywood-esque accent. Organic elements chandeliers, while became important as well; for example, the organic “fire flame” wall serious furnishings sconces and the tailored fresh floral arrangements. and fabrics combined with whimsical 2010s patterns and textures At the start of 2010, the yachting industry truly embraced its to keep things light. Photo by Alexis Andrews beautiful history. By using the class of the ’70s, the playfulness of the ’80s, the crisp look of the ’90s, and the free spirit of the 2000s, we What next? entered a new world of complete harmony and gorgeously balanced What does the future look like? design. Technology will continue to shape design. Sustainability becomes a Paneled overheads (harking back to the establishment of the ’70s) central topic of conversation as well. resurfaced in satin wood finishes, upholstered leather panels, as well Overall, I think the biggest change will be the owners themselves. As as coarse linen textiles, giving that depth of heritage…but in a new we progress into the future of yachting, with new generations of owners way! The bulkheads were soft with textiles, but this time around they (many of whom are younger than we’ve ever designed for in the past), were padded, plus they had a companion – wood inlays – marrying those who come into our industry will challenge us from a perspective two popular genres of the past. The soft furnishings were streamlined, that only they can. uncluttered and void of detail; the cabinetry was strong, monolithic and They are of the individuals who have never flipped through the commanding, pages of a design magazine but who are avid Pinterest and Instagram while the accents enthusiasts; those who have close relationships with online friends whose were bold, but voice they’ve never heard, all made possible by means of technologies that minimal. have formed their lives from the moment of their arrival. This gives them Unlike the a sense, a perspective that we cannot even imagine. onset of the I await with great anticipation what this new generation of owners style shown of will bring to the table. Already I am finding myself creating spaces I the ’70s, the would never have dreamed possible at the beginning of my career, and deck experience the marine world is ready for what is to come! and design expectations were Patrick Knowles Designs specializes in custom megayacht, superyacht and polar opposites. aircraft interiors. For more information, please visit patrickknowlesdesigns.com. Photo by Scott Pearson Photography www.IYBA.org | february/MARCH 2021 11
THE MARKET COFFEE IS FOR CLOSERS by Garrett Schwartz, Vessel Portal Management, IYBA WHY OUR INDUSTRY NEEDS TO BE IN CONTROL OF OUR OWN VESSEL LISTING DATA Your vessels’ listing data is arguably your 2. Data Delivery (Data Feeds): Imagine if a firm like Zillow owned the real estate MLS’ collective “homes for sale data”. Whom would it allow to brokerage’s most valuable and strategic asset. have access and at what cost? This makes it imperative that every brokerage As internet sales and marketing dominate our team’s efforts, firm recognize that we as an industry must be in affordable and reliable access to our listing data has never been more critical. Using advertising firms as a data warehouse may seem control of our vessel data. Simply put, it is vital convenient, but this potentially has long-term negative consequences to our industry’s survival. which leave our industry extremely vulnerable. Reliable, lighting-fast and cost-effective delivery of listing details via data feeds we control Many brokers are beginning to truly understand that if we continue provide us with unimpeded access, the ability to avoid predatory pricing, to hand over control of our collective data, we are putting our future in and the ability to independently choose partners we believe can support the hands of those who control that data, and potentially relinquishing our industry’s advertising efforts. ALL online advertising of aggregate our most valuable and strategic brokerage listing data should come asset. They understand also that we must have our own industry- Imagine if a firm like Zillow owned directly from industry feeds without exception so that we control its use controlled data warehouse in the real estate MLS’ collective from its inception. which we provide the data to 3. Data Display (Digital advertisers – exactly like the real “homes for sale data”. Advertising): Paying to display estate industry. your own listings in your own Listing owners must own and control their own data – period. website? Paying even more for co-brokerage listings? Paying per YachtBroker.org provides unrestricted and cost-effective access to our website? Does showing more boats cost more money? Paying even individual and collective listing data, thereby allowing the industry to more for management reporting such as sold-boat data? Are you limited control its own future. in choices to whom you can send your listing data and paying per adverting site? If you answered yes, then you are not in control of your data! The benefits Your industry-owned MLS provides you with equal access to If the brokerage community controls its collective data, then we all industry data for legitimate advertising purposes on any legitimate avoid any negative consequences and: advertising website. It is your feed, use it and send it where you wish. • Maintain industry control over our collective data and will not be forced to pay to get it back. Control storage and distribution • Maintain industry control over the prices we pay to share to our By collectively controlling the initial storage and distribution of collective data. our listing data, we will maintain cost and distributive control of this • Maintain industry control over who has access to our collective information and be in a better position to ensure it is used responsibly data. and in support our industry. Waiting for private firms to build us new • Maintain the ability to design new products or build digital tools could be a dangerous proposition. Their motives might not align platforms using our data. well with your objectives and you could be at their mercy to an even • Freely use our own data to support our business efforts and share greater degree. data with any partner we choose. Continuing our Zillow example – Zillow has already begun selling • Control the monetization of our collective data and use proceeds properties directly; imagine what a Realtor would experience if Zillow owned for the betterment of our industry. the MLS data! For Realtors, the MLS platform is there to serve their industry for MLS components the benefit of their industry. Brokers in the marine industry, however, There are three main components to an MLS (multiple listing have not previously had the opportunity to control their destiny by service) that we must pay attention to in order to ensure professional collecting and controlling their own data. Now we have the fastest, most brokers own their data and are in control of its use on all three fronts. robust and most technologically advanced platform at our disposal and 1. Data Input (Data Warehouse): By collectively controlling the it is owned by you, the industry! Finally, we can control how our collective initial storage platform used to input our listing data, we can maintain data is utilized, accessed, and monetized! control over how it is used, define the content collected, and determine To build for the future and control our destiny, we must own and costs to be charged (if any). We also will be able to utilize our data control our data! independently for industry reporting, such as sold-boat reports, etc. For more information, visit www.YachtBroker.org/about 12 FEBRUARY/MARCH 2021 | www.IYBA.org
THE MARKET FROM THE BOARDROOM by Bob Saxon, IYBA Board President ENERGY, EXPERIENCE AND LEADERSHIP: YOUR IYBA BOARD Our annual IYBA Board of Directors Elections, approach to problem-solving and loves the role of “devil’s advocate”. Bob Denison’s marketing prowess provides vital input to your Board. held in January, have caused me to take a Jon Burkard is one of those guys that when he speaks, everybody else moment to reflect on the members of the Board clams up because they know what he is about to say is insightful. Gary Smith, former IYBA Board President, is often viewed as an who have performed so admirably over the past oracle based on his number of years as a brokerage business owner 12 months. and his decades of Board involvement. Grant Henderson brings to the Board a youthful and exuberant approach that has us looking at There’s Andy Miles who amidst ofttimes complex issues, always new and fresh perspectives. There’s nobody finer than Paul Flannery, manages to offer up a commonsense and practical approach to our our Executive Director, in crafting the plan and more importantly, matters at hand. Trevor Carroll, whose industry savvy and business implementation. moxie sometimes causes your Board to stop mid-stream and exclaim, Ah yes, and there’s me. I’m the “herder of cats” we often joke about “That’s a good point we haven’t considered.” and I am honored to have been able to work with this fine Board of Chuck Cashman? Who better to sift through the tasks at hand and Directors on representing our membership’s interests. Corralling that break them all down into more readily understandable options. And fountain of energy, experience and leadership qualities has become a who more qualified than Jeff Stanley with years of running his own labor of love for me. successful business to be entrusted by you to caretake our treasury and By the time this article is read in Compass, we will have bid a fond shine the flashlight on the path to continued financial stability? farewell to Kristen and Paul and installed two new Board members. I Kristen Klein is always ready and able to remind us of our social look forward to working with them and the remaining Board members and environmental obligations to maintain the waters upon which to promote our industry’s professionalism, provide for better working our clients sail in pristine condition. Paul Burgess brings a pragmatic environments, and be on guard to serve our membership constituency. Keep Your Yacht COVID-19 Free with OSM CLEAN-TECH By DISINFECT • DEODORIZE • PROTECT YACHTS • RESIDENTIAL • COMMERCIAL International Yacht Brokers Association Mention This Ad for a 10% Discount Call for FREE Estimate 954-621-6332 Results@oceanstarmarinellc.com www.OceanStarMarinellc.com www.IYBA.org | february/MARCH 2021 13
THE MARKET TOOL CHEST by Casey Noble, Sales and Marketing, IYBA WHICH API FEED FITS YOUR COMPANY BEST? IYBA.PRO OFFERS THEM ALL In the past five years, IYBA. of a more targeted audience. Take the IYBA members at Nautical Ventures for Pro has grown to be one example, who recently began sending of the most significant their feed to Costco. member services our Taking advantage of this open API has proven to be very valuable not only association offers. Our in gaining leads and boosting your SEO team has worked hard to but also in productivity, with the ability to integrate your custom data, such as build a robust tool that is CRM, with certain advertising sites. tailored to yacht brokerages Users over at HMY were even able to and their daily workflow, work with BoatQuest to have their own intake form that is compatible with their offering the ability to HubSpot CRM. With an open-source market your listings, platform like IYBA.Pro, the options to enhance SEO and quickly market your listings are endless. Cost: Free with your account create elegant marketing For more information on getting material. started with BoatQuest, contact Jessica Schultz at 239-738-3132 or email “What IYBA.Pro provides is so much jschultz@aimmedia.com. better than the rest, and the cost isn’t that much when you take into account all the other fees companies charge,” said Keith Perfect of WordPress Websites are now available through IYBA.Pro, which Northrop & Johnson. includes both the live and marketing API feeds. This website template One feature that our platform has mastered is the implementation of is completely customizable to fit each brokerage’s specific branding and our numerous APIs (application programming interfaces), not only for necessities. With unlimited yacht search pages, you have the ability for brokerage houses, but for advertisers global search, featured search, by broker, and data analysts throughout the yachting industry as well. Having the “What IYBA.Pro provides is so by manufacturer, or whatever you’d like! Our program designers are available to ability to store all company data on much better than the rest.” set up all webpages that pull data from your own servers, feed it directly to our portal and design your site look as your website, and enhance your public presence online through our luxurious and refined as the top names in the industry. feeds has shown to be extremely beneficial to many of our current users. Cost: $250 per month. So, which API feed is most suitable for your brokerage and its To see an example of everything our WordPress templates can bring to the needs? Here’s a description of each API feed we currently offer with table, visit https://demo.iyba.pro.stagingsite.biz/. IYBA.Pro. Scraping API, which gives your company the capability to store all Live API, presently our most utilized API feed, can feed all inputted the portal data locally, provides you with full control over data delivery data, and co-brokerage data, from the portal to your website. The feed so you can use it strategically. It also allows you to blend feeds from consists of on-demand, targeted data that is necessary for a specific other systems along with ours, so your website will have some of the webpage. The information appears fast and saves brokerages from most intricate and exclusive information on vessels for sale. having to update their information in more than one place. Cost: $499 per month. Cost: $150 per month. Clearly, there are many options available to help you find the API Marketing API allows users to freely send all of their inputted data, feeds that are most appropriate for your company, even outside of what and co-brokerage data, to any public-facing site you wish for approved IYBA.Pro offers. With our low prices, you’ll come to realize that the purposes. IYBA already has a substantial number of advertising partners benefits and quality of our platform is superior to any other offering in available that offer discounted pricing and extended trials to display the yachting industry, and with our members’ continued support, IYBA. your listings, including BoatQuest (newly launched by AIM Media), Pro will continue to grow and improve its features until it has become Rightboat, Yacht Authority, TopBoats.com, and many more. the most robust and elegant platform that is truly industry-owned. Want to get your listings on an advertising site we aren’t partnered with? No problem! Many users of this API have formed their own For more information on IYBA.Pro, please contact casey@iyba.org or relationships with reputable companies to get their listings in front garrett@iyba.org. 14 FEBRUARY/MARCH 2021 | www.IYBA.org
1- "č/-N 7 "č/-N*"7 , "č/-N-č "č/- THE SEARCH FOR YOUR NEXT BOAT BEGINS—AND ENDS—HERE. >vw>ÌÜÌ Ì i9 č]Üi>ÀiV >}}Ì iÜ>ÞÞÕV>ÃÌÞÕÀiÜ>`ÕÃi` ÛiÌÀÞi°7 iÌ iÀÞÕ>ÀiÃi}ÀÌ i>ÀiÌ]}iÌ>VViÃÃÌ`>ÞÌ V«Ài iÃÛi]VÌiÌ`ÀÛi]L>ÌÃÌ}Ìð7i>iÞÕÀÃÌ}>`Ãi>ÀV } «ÀViÃÃëi]v>ÃÌ>`Ì i}°For more information on how to enhance your listings and company contact Jessica Schultz at JSchultz@aimmedia.com / ÕÃ>`ÃviÜ>`ÕÃi`L>ÌÃvÀÃ>i]L>ÌLÕÞiÀÃ}Õ`iÃ]>ÀÌViÃ]Û`iÃ]ÌiÀÛiÜÃ>`Ài°
THE MARKET MIASF UPDATE by Patience Cohn, Marine Industries Association of South Florida ADVOCACY UPDATE – BOATS, TRAINS AND REGULATION Rules, regulations, and legislation impact marine back to headquarters with his recommendations on the regulation. The item offering the most impact to large vessel sales and interest businesses and their customers regularly. The to the IBYA community may be the ongoing struggle of compliance start of the new year is a good time to look at a with Certificate of Financial Responsibility (COFR) insurance and few issues that have surfaced over the past year. Non-Tank Vessel Response Plan (NTVRPP) after a change of vessel ownership. Several years ago, The U.S. Coast Guard (USCG) Sector Miami issued a Mariners Safety Round Table at the 2020 Fort Lauderdale Information Bulletin (MSIB) stating it International Boat Show this year was would no longer issue waivers because led by the new leader of Sector Miami of the exposure and risk should there Prevention Division, Commander Steve be an incident based on the quantity of Elliot. With 38 years of experience and hazardous liquids onboard. a solution-oriented disposition, he is an The problem came in the turn-around asset to their team. time for approval of the new plan; Issues of highest priority discussed reportedly up to 60 days, thus keeping at the event included the alarming the vessel offshore for that period and number of recreational vessels that are not in a Florida shipyard or marina. failing to file an Advanced Notice of After several visits to headquarters and Arrival (ANOA) in a timely manner. following a discussion with Captain of the Currently there are approximately 19 Port, Captain Burdian, Miami is again cases scheduled to go to hearing for issuing waivers to vessels on a case-by- failure to comply, and it should be noted Vessels wait for a bridge opening on the New River case basis if the plan is current, and there the significant fine attached is $94,219. is a COFR in place. The USCG also mentioned when a vessel MIASF is currently drafting legislation reports it was unable to connect to the to respond to a Congressional request system, they can and do verify there was a on addressing the problems with the failed attempt. definition of a recreational vessel and U.S. Longshore and Harbor Workers’ The status of Fort Lauderdale’s Compensation Act insurance. Approval New River bridge is always a topic. Two of federal legislation can be a slow positive steps are being taken. The first process, but there is cause for optimism is a new regulation that guarantees the as the language was requested. Should bridge is open to navigation the first 10 the changes pass, it will reduce the minutes of the hour is close to the final USL&H burden for those who work on rule process. The second step is Broward recreational vessels. County and the Florida Department of Transportation (FDOT) have signed a Additional item of note memo of understanding (MOU) about The Florida Keys National Marine future commuter service on the Florida U.S. Coast Guard Round Table Sanctuary has a marine zone called the East Coast Railway (FEC) track. This Area to be Avoided (ATBA) where any MOU has triggered FDOT vessel greater than 50 meters to move to the study phase for the new bridge that will be An alarming number of recreational is not allowed to operate. The zone appears on all nautical needed. vessels that are failing to file an ANOA charts as a “Prohibited Area” U.S. flag working group in a timely manner. and covers an area from just south of the Port of Miami There was discussion to the Dry Tortugas. Florida on the status of the development of the regulation to permit private Fish and Wildlife Commission is responsible for enforcement and there recreational yachts over 300 gross tons to register under the American has recently been an increase of violations by the yacht segment. flag. Commander Elliot took the initiative and spoke to headquarters. The old saying, “The squeaky wheel gets the grease” apparently For more information about the Marine Industries Association of South has a different meaning in the USCG. Elliot is now responsible for Florida, please visit www.miasf.org. developing a working group of industry representatives and is to report 16 FEBRUARY/MARCH 2021 | www.IYBA.org
THE MARKET COFFEE IS FOR CLOSERS by Jenny Burkett, Boats Group ® Q4 2020 BROKERAGE REPORT SHOWS SIGNIFICANT INCREASES IN DATA REFLECTS PERIOD U.S. SALES, VALUE SOLD AND PRICE FROM OCTOBER 1 - DECEMBER 31, 2020 U.S. 2019 2020 YoY % Change According to reports from Boats Group’s soldboats.com and Boats Sold 8,006 9,561 +19% YachtCloser data sources, sales of brokerage boats in the U.S. and around the globe increased significantly year-over-year (YoY) during the Value of Boats Sold - USD $1,340,469,177 $1,993,902,717 +49% Oct. 1 - Dec. 31, 2020 reporting period. The data show transactions in Avg Boats Value - USD $167,433 $208,545 +25% the 2020 fourth quarter (Q4) rose 19 percent YoY in the U.S. and 17 percent YoY internationally. International 2019 2020 YoY % Change With strong sales recorded for boats of all length groups, the total value of boats sold increased by 49 percent YoY in the U.S. and the Boats Sold 2,377 2,790 +17% average price per boat sold jumped 25 percent. A similar trend could be Value of Boats Sold - USD $761,067,278 $750,494,401 -1.4% seen in Florida, with unit sales up 21 percent, total value increasing 42 percent and the average price per boat sold up 18 percent YoY in the Avg Boats Value - USD $320,180 $268,988 -16% state. In contrast, while boat sales were up internationally, the total value Florida 2019 2020 YoY % Change of boats sold fell 1.4 percent YoY, while the average price per boat Boats Sold 2,157 2,602 +21% sold declined by 16 percent. Markets outside the U.S. saw far greater demand for smaller boats. In Q4, international sales of boats under 26 Value of Boats Sold - USD $696,296,042 $988,252,268 +42% feet increased 33 percent YoY, compared to growth of only 17 percent Avg Boats Value - USD $322,808 $379,805 +18% YoY in the U.S. Overall, boat sales went full-throttle worldwide and provided a strong YachtWorld’s data is derived from Boats Group's soldboats.com finish to the year. and YachtCloser data sources. Thinking Novurania? Think Northstar. NORTHSTAR has raised the high-bar with the launch of Axis tenders. Standard features include: • Hydraulic Steering Fuel System with integral fuel tank, fuel gauge, and water separator • Electrical System with: Switch Panel, LED Nav Lights, 360o Light w/ Socket, Automatic Bilge Pump • Swim Ladder • Telescopic Cleats • Lifting Rings • USB Charging Port • Achilles Hypalon Fabric From the high-caliber build, to the tight tolerances in FRQVWUXFWLRQWRWKHIHDWXUHȴOOHGGHWDLOVWKHVHWHQGHUVULYDO premium brands but without the premium price. For more information go to: nauticalventures.com www.nauticalventures.com Dania Beach Palm Beach Sarasota Tampa Bay 50 South Bryan Rd. 139 Shore Ct. 8050 N. Tamiami Trail 1925 US Hwy 19 Dania Beach, Fl 33004 N. Palm Beach, Fl 33408 Sarasota, Fl 34243 Holiday, Fl 34691 Ph: 954-926-5250 Ph: 561-612-7076 Ph: 941-355-5500 Ph: 727-939-8900 Dania Beach • Ft. Lauderdale • Palm Beach • Sarasota • Tampa Bay www.IYBA.org | february/MARCH 2021 17
T H E aft ON THE HARD ET by Miguel Pineros, Flamenco Marina K e rMAR DEDICATED SERVICE AMID SPECTACULAR VIEWS AT THE ENTRANCE TO THE PANAMA CANAL Flamenco Marina is located on Flamenco Island, on Amador Causeway, a popular Panamanian tourist destination. Its beautiful, panoramic pathway offers views of the Bridge of the Americas and the entrance to the Panama Canal on the Pacific Ocean side. Just 15 minutes from Panama City, Flamenco Marina is a well- established port of call with full marina services. It is the only local marina with International Ship and Port Facility Security (ISPS) Code certification, offering berthing for yachts up to 200’, and wide navigation channels for your maneuvering convenience. Our friendly, bilingual marina staff offer mooring assistance from the moment your yacht arrives. Our mission: We are a Panamanian company that provides a first- class marina, along with tourism and entertainment services, with a high sense of social responsibility. We are committed to provide our visitors the best maritime and entertainment experience during their visit. stores on site. Flamenco Marina amenities Marina is strategically located Flamenco Marina is protected by two breakwaters. Maximum near the local fishing grounds. depth is 23´; minimum 5´on zero tide for your arrivals and departures. Government offices on site include Migration, Quarantine, and the Lots to see and do Panama Maritime Authority. Yacht owners, guests and Among the marina’s many services and amenities you will find: crew will find a lot to see and • Floating docks with permanent water and 24-hour access do on Amador Causeway. • 20- to 240-V 50-amp electricity They can enjoy the gift • Four fuel docks with low-sulfur diesel and non-ethanol gas shops and the only duty- • Free WiFi • Drinking water • Laundry services It is the only local marina with • Foreign garbage disposal • Marine firefighters. International Ship and Port Facility free shop outside the international Security (ISPS) Code certification airports, as well as the Felipe Motta Boatyard on site wine shop and deli. There also are a Flamenco Marina also has variety of restaurants located near the marina. Other Amador Causeway a full boatyard for yacht repairs and maintenance. It is equipped with attractions include the Biomuseo designed by noted architect Frank a 100-ton Travelift for convenient haul-outs. This facilty offers a full Gehry, and the Smithsonian Tropical Research Institute is nearby. menu of technical services, including: Marina guests can find exercise, walking, jogging and biking paths right • Painting off the canal path, • Fiberglass repair Flamenco Marina is only 10 minutes from Albrook Mall, the second • Welding largest mall in Central America, and it’s just 15 minutes from the • Mechanical engineering Miraflores Lock and Visitors Center, where guests can learn all about • Electrical supplies and electronics the Panama Canal. Historic Casco Antiguo, Cinta Costera and its • Motor parts vibrant nightlife are also just minutes away. • Propellers Flamenco Marina is located at Lat. 8° 54.730´N. Long.79° 31.316 W. • Shafts and shafts seals service. For berth reservations, please call: +507 314 1980/ 314 1535; email: There also are chandleries and marine stores, and fishing tackle service@fuerteamador.com, or call on VHF Channel 10. 18 FEBRUARY/MARCH 2021 | www.IYBA.org
ALL BROKERS WELCOME TO INTRODUCE THEIR CLIENTS VAN DER VALK HAS NO EXCLUSIVE AGREEMENTS VA N D E R VA L K E X P LO R E R SIZES BETWEEN 65-132 FT (20-40M) | DELIVERY FROM 14 MONTHS BEACHCLUB PILOT RAISED PILOTHOUSE FLYBRIDGE Sizes between 62-132 ft Sizes between 76-132 ft Sizes between 85-132 ft Sizes between 65-98 ft (19-40m) (23-40m) (26-40m) (20-30m) Delivery from 12 months Delivery from 15 months Delivery from 15 months Delivery from 12 months Van der Valk Shipyard has been constructing both steel and aluminium motor yachts since 1967. The family-owned shipyard employs more than 50 craftsmen and is located in Waalwijk, the Netherlands. Its founder Mr. Wim van der Valk is still a driving force behind the company. The yard has primarily earned its worldwide reputation from several award-winning semi- custom yacht series. Van der Valk also has the capacity to build fully custom designs. Contact our experience center +31 (0)416 651 562, Waalwijk, the Netherlands Find out more at www.vandervalkshipyard.com
THE AFTERMARKET TECH by Joe Schwab, Bluewater Chairs FINISH AND REFINISH: THE GOOD, THE BAD, AND THE UGLY – AND THE SOLUTION You have a showing at 2 p.m. It’s a 6-year-old sitting in the driveway. Egg sinkers, soda cans, hooks, needles and other miscellaneous items end up getting placed on them as well. Using a bait sportfish that the current owner takes to the knife to cut something directly on the wood surface can expose exterior Keys and Bahamas to fish with friends. You finish, which allows moisture and sunlight to advance the aging of the arrive at the boat ahead of time to get the lights wood in that area. turned on, confirm the air conditioning is What’s the cure? running and make sure there are no surprises. Preventative measures include sealing the broken finish. A dab of epoxy, clearcoat or even clear nail polish will reseal the surface and buy When the customers arrive, they step into the cockpit and the first some extra time before the sun and weather begin their transformation. thing they do is ask about the chair or rocket launcher. After all, it is Even though it is the first thing that guests see or notice, exterior the centerpiece of the cockpit that guests will see first when they walk up to the boat. As the cover comes off, you’re shocked to see the rocket launcher looks like it was shot with birdshot and left in a field. What happened? When the piece was made, it likely was sanded before the finish was put on. Usually, this requires several coats of varnish or epoxy and sometimes a clearcoat over all of that. Generally, it’s varnish, which is a clear coating that has long been used to seal wood and give it a deep rich finish. Varnish by its nature cures and hardens with exposure to the environment and time. Epoxy is a similar coating but uses a chemical reaction to physically cure the mixture. When doing a refinish, it is important to make note to the rest of the wood in the area so that the aging and coloring will match. Varnish tends to lighten or turn golden over time. The epoxy-coated parts will age by turning darker and some hues of red. The piece of wood is now sealed under this clear coating. Moisture and contaminates cannot get to the wood. The coating sometimes has UV stabilizers to help withstand the direct sunlight. Natural wood ages and this sealed cover Time and patience are the keys to a successful refinishing job. will help it do so evenly. Typical maintenance here would be like any other piece on the boat, soapy water, rinse, chamois and a wax wood furniture maintenance often is overlooked, or corners are cut every now and again. with repairs. Because of the environmental exposure, they fail almost The boat’s chairs, table and rocket launcher are exposed every day to immediately. the elements. Add to that, impacts from an excited angler’s rod butt, a In addition to your routine maintenance, examine tables, the rocket mate’s pliers/crimpers or a mechanic’s misplaced tool. Imagine setting a launcher or chair for necessary touch up and perhaps another coating pair of steel pliers directly on the hood of a brand-new Range Rover or of clear coat with UV inhibitors. Of course, an experienced crew can an unprotected fishing reel on the trunk lid of a Mercedes while it was do this but a company or yard that specializes in furniture refinishing 20 FEBRUARY/MARCH 2021 | www.IYBA.org
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