Click here to see the photos from this year’s event
“Thank you for your excellent organisation of last week’s conference in Athens. I enjoyed the day , particularly the discussions generated by the presentations. The audience were very keen to learn.”
Jeff Houlgrave, Senior Associate, Marina Projects Ltd.
With their undeniable beauty and coastlines ideally suited for yachting, why are the Greek islands not attracting more superyachts? Why is Greece not able to benefit from the much-needed tourism revenue that visiting superyachts would bring?
“We believe that tourism in Greece and in particular in Yachting has prospects for further growth,” said Michael Dunkerly, senior lawyer and manager of Tethys Equity and Oceda Yacht Agency”, speaking at the 1st Eastern Mediterranean Superyacht Forum that took place on the 1st June 2017 in Athens.
The conference discussed the need for an investment programme in marine tourism, particularly in marinas. But, despite the Greek government failing to make much-needed reforms to the country`s ailing economy, there is still some optimism amongst would-be investors about the prospects for its marine tourism sector. “For all those who are fortunate enough to spend time in Greece and the Greek islands, continues Michael Dunkerley, “they realize that nature has done an amazing job in creating a Yachting paradise. All we have to do is to “put the cherry on the cake.”
With Greece`s debt crisis and new refugee arrivals across the region unsteadying investor nerves, an over-riding issue affecting the superyacht sector is the onerous regulatory environment. “Greece unfortunately is subject to perhaps the most inane and unfriendly chartering rules for owners, charterers and the State itself. The regulations in place often deter yachts without a Greek commercial licence from chartering in our waters and where they do actually decide to come, unlike most EU States, there is no system in place to collect the VAT when such charters commence in Greek waters. A crazy loss of income for a country facing such serious economic problems” explains Jennifer Timinis, lawyer and managing director of Oceda.
According to others in the industry, however, the Greek government is taking these concerns seriously. Stavros Katsikadis, President of the Greek Marinas Association, addressing the East Mediterranean Superyacht Forum, indicated that the Ministry of Tourism and the Ministry of Maritime Affairs are both discussing lifting the ban on chartering of recreational vessels under a non-EU flag in Greece.
Other topics that were discussed at the event included Vassilis Fotilas from Fraser Yachts giving an overview of the Superyacht market today and Norma Trease moderating a brokers panel looking at the future for superyacht sales globally. In addition, Andrew Charlier from Ince & Co moderated a panel that compared the restrictions affecting Greece with those impacting other Jurisdictions.
The second Forum will offer the best opportunity to see what changes have taken place one year on. If you are interested in either speaking or sponsorship opportunities at this event please email email@example.com or telephone 44 (0) 203 560 8154.
|08.00||Refreshments and Registration|
|Session One: Welcome to the conference|
|08.55||Conference organizer`s opening remarks|
|09.00||Conference Chairman`s introduction to the conference|
Petros Kokkalis, Executive City Councilor for Local Growth &
Entrepreneurship /Municipality and Director, BlueGrowth Initiative
|Session Two: Market Overview: Global Superyacht Sales and Projections|
|09.25||Presentation: The Superyacht market today|
Vassilis Fotilas, Sales Broker, Fraser Yachts
|09.50||Brokers` panel: The Future for superyacht sales globally|
A panel of brokers to give their predictions for future sales
Michel Chryssicopoulos, Partner, IYC
Vassilis Fotilas, Sales Broker, Fraser Yachts
Adam Papadakis, Camper & Nicholsons
Russell Crump, YPI
|10.35||Refreshments and Exhibition|
|Session Three: Marinas|
*What are the experiences of superyacht captains in the region, their belief about the future of superyachts in the region? How can Marinas best serve them as home ports or transit ports?
*What are superyacht captains` key considerations when looking for suitable Marinas for long-term or short-term berthing
*Which are the up and coming destinations in the East Med?
*How much influence does the destination have on the choice of marina?
Zacharias Kiafas, General Manager, Hellenic Marinas
Captain George Paraskevepolous, Superyacht Captain
Captain Apostolos Korakas, Superyacht Captain & Secretary of Hellenic Yacht Crew Association (HYCA)
|Session Four: Tax & VAT|
|12.10||Chartering in Greece|
Jennifer Timinis, OCEDA
|12.20||Panel: What might be the impact of Paradise Papers on superyacht Ownership structures?|
How will Brexit affect yacht ownership structures?
Money laundering, sources of funds, confidentiality
French challenge to Maltese (and impact on Cyprus) lease schemes
How are Italy, France & Croatia responding?
Moderated by: Tony Allen, Hill Dickenson
|13.00||Lunch||Session Five: Chartering & Crew||14.15||Presentation: The Perfect Profit Making Charter Yacht|
Russell Crump, Director, Yachting Partners International(YPI)
|14.35||The Role of Crew|
Sophia Tutino, IYC
What is the ideal chartering superyacht?
Chartering costs versus revenue
The role of crew on a charter yacht
Sophia Tutino, IYC
Marie Molls, Charter Representative, Burgess Athens
|15.55||Chair`s Closing Remarks||16.00||Exhibition and Refreshments||Session Six: Champagne Roundtables||16.30||Roundtable discussions enable delegates to debate specialist topics of|
interest. Delegates choose the roundtable they join and each discussion
will be moderated by a speaker or industry leader.Roundtable topics include:
* Impact of Paradise Papers on superyacht ownership structures
* The Superyacht industry in Cyprus
* Cruising secrets in the East Mediterranean
|17.20||Cocktail Party||18.50||End of conference proceedings|
Executive City Councilor for Local Growth & Entrepreneurship /Municipality and Director, BlueGrowth Initiative
Sales Broker, Fraser Yachts
Camper & Nicholsons
General Manager, Hellenic Marinas (confirmed) Captain George Paraskevepolous, Superyacht
Captain George Paraskevepolous
Captain Apostolos Korakas
Superyacht Captain & Secretary of Hellenic Yacht Crew Association (HYCA)
Director, Yachting Partners International(YPI)
Charter Representative, Burgess Athens
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