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For the future of yachting, look to the east - so says a roundtable of yacht captains hosted by The Triton.
"You've got to follow the money," said one captain at the open discussion. "And right now, the money is coming from Russia, China and South East Asia."
The group lamented that the influx of 'new money' has seen a loss of yachting traditions among owners, and an emphasis on status and interior style over boating performance.
One new skipper suggested that it was the captain's duty to teach novice owners about the traditions of yachting - such as just relaxing and enjoying the experience, rather than keeping to a strict schedule of activities.
Other trends the captains pinpointed for yachting's future include smaller crews with greater certification.
The Triton has more on the story HERE.

For the future of yachting, look to the east - so says a roundtable of yacht captains hosted by The Triton.

"You've got to follow the money," said one captain at the open discussion. "And right now, the money is coming from Russia, China and South East Asia."

The group lamented that the influx of 'new money' among those buying boats has seen a loss of yachting traditions among owners, and an emphasis on status and interior style over boating performance.

One new skipper suggested that it was the captain's duty to teach novice owners about the traditions of yachting - such as just relaxing and enjoying the experience, rather than keeping to a strict schedule of activities.

Other trends the captains pinpointed for yachting's future include smaller crews with greater certification.

The Triton has more on the story HERE.

Published in Offshore

About the Endurance II Replica Project

An Irish project has been launched on the 150th anniversary of explorer Ernest Shackleton's birth, to build a replica of his ship, Endurance II, in County Kildare.

The project has high-profile patrons such as the Prince Albert II of Monaco, Alexandra Shackleton (Shackleton's granddaughter), and Richard Garriott, the President of the Explorer's Club.

The project is still at the concept stage, so the estimated cost of construction, which is expected to be around €14m, and the annual operational budget of €1.5m are not yet confirmed.

The project organisers are seeking $600,000 (€556,350) from 12 "founders," who will each contribute $50,000. The chairman of private investment firm Kilcullen Kapital Partners, Galway-born O’Coineen, bought the Business Post newspaper in 2018.