Tuesday, January 29, 2008

Yacht company turns focus to super-sizing

Yacht solutions plans to upgrade its customization service by modifying and refitting old commercial vessels into super-yachts.

Yacht Solutions plans to upgrade its customization service by modifying and refitting old commercial vessels into super-yachts. I would like to enlarge this business in Thailand. So my company will set up a big facility in Bangkok in order to complete our objective,' managing director Gareth Twist said last week. The company started by retrofitting a 52-metre vessel and converting it into a super-yacht in Bangkok last year. It recently received an order to renovate a 60-metre vessel into a floating palace with a swimming pool, elevators, Jacuzzis, theatres, karaoke rooms and 12 bedrooms. "Super-yachts worldwide are being sold for US$6 million [Bt200 million] to $120 million, according to their size. The target customers are the wealthy, agents and brokers of super-yachts, but the company does not anticipate much local business in the beginning. There is some interest from Southeast Asia, particularly Hong Kong and Singapore, in having the company decorate super-yachts. Yacht Solutions offers yacht management, project management, yacht agency and yacht charter services.
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