Irish Sea to Get More Super Yachts

17th September 2010

The Irish Sea and possibly the Irish East Coast may see more super yacht traffic thanks to an Isle of Man Government initiative aimed at registering more Super yachts on the island after the Monaco Yacht Show later this month. Four government representatives are travelling to the famous tax haven in the hope of attracting more business.

The island's super-yacht industry has grown by 20% in the past year and there are currently 95 commercial yachts registered with the Manx flag.

The Isle of Man government is confident business will increase as a result of having a presence in Monaco.

Director of the Isle of Man Ship Registry Dick Welsh told the BBC: "It is difficult to quantify how much the industry is worth to the Isle of Man.

"The registration charge is £700 but then there is the technical management, crew management, chartering and insurance.

"It's a thriving industry which employs around 100 people on the Island."

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