Successful show, meetings and forum in Monaco
The Monaco Yacht Show is always one of the key gatherings of the year in the superyacht segment. All the industry players are there and the four days in Monaco give a sound impression of the directions in which the market is moving. For Ciris Capital, this year's show was the best of the ten we have attended so far. The entire period was taken up with scheduled meetings and these resulted in an interesting number of new inquiries.
On Tuesday 23 September, the day before the show, the Superyacht Finance Forum organised by Marine Money took place. Remco Immink, owner and managing director of Ciris Capital, was pleased to moderate the panel discussion, which involved a selection of highly experienced and knowledgeable people from the yachting and finance worlds. Many critical and relevant questions were addressed to the panel, and the discussions were very instructive for all concerned. The panel members were frank about what is achievable in the current turbulent market and what is not.
From 7 to 9 October, The Yacht Report magazine hosted the annual Yacht Fiscal Management Meeting at the Columbus hotel in Monaco. At a time when financial issues are making all the world news headlines, this event gave us an opportunity to see the potential effects the credit crunch may have on the superyacht industry. In addition, legal, fiscal and ownership problems were raised and advice, guidance and suggestions given by the panel, which included Remco Immink.
