on 6 Oct 2023
There are numerous factors contributing to the region's growing popularity.
Superyacht agency Asia Pacific Superyachts has returned from the 2023 Monaco Yacht Show, with its regional experts reporting that interest in the Southeast Asia region is growing among superyacht captains, owners and industry professionals alike.
“The Monaco Yacht Show has again proved to be a useful tool for the APS team to showcase Asia and what it has to offer several captains and owners have expressed an interest in visiting Asia, and lots of owners seem to be interested in doing round the world tours,” says co-founder Gordon Fernandes.
Sharing news of their respective Southeast Asia regions at the show were directors from the Asia Pacific Superyachts (APS) network, including Fernandes, Tanyuta Singhmanee (Jojo), Captain Charlie Dwyer, Captain Thomas Taatjes, Mohamed Hameed, Nadhira Muneer, Wadhoodh Adamand, and Keith Mellon.
“Southeast Asia is fast becoming the go-to destination for those who crave the finer things in life. Thus, it’s no surprise Asia Pacific Superyachts was a popular go-to place for superyacht captains, owners and industry professionals when seeking more information at the exotic destinations area at the Monaco Yacht Show 2023,” the agency says.
APS says regions areas of keen interest at Monaco included the Andaman & Nicobar Islands, Bali and Raja Ampat in Indonesia, Koh Samui and Phuket in Thailand, Myanmar, Cambodia, Maldives, Seychelles, Singapore, Sri Lanka and Borneo and Langkawi in Malaysia.
APS Maldives director, Mohamed Hameed, adds, “[We saw] great meetings and events at the Monaco Yacht Show for our network of Asia Pacific Superyachts, recognised as the leading superyacht services agencies in Southeast Asia.”
There is good news from the Maldives, which now grants free cruising permits to all yachts under 20m, an increase on the previous limit of 15m. This means a big saving for larger cruising yachts of US$1,000.
“We’re closely monitoring news of favourable government and charter changes to Southeast Asia and the most thrilling and least visited spots on the planet,” says APS co-founder Captain Charlie Dwyer. “There’s an increasing number of visiting superyachts as regional cruising continues to gain in popularity.”
There are other factors contributing to the growing popularity of Southeast Asia, and the experts at APS brought insight and local knowledge into these discussions in Monaco.
Luxury yacht market projections estimate the industry will reach a remarkable US$1.3bn by 2028. Within Asia Pacific’s expansive 135,000-kilometre coastline, APS says this region has all the hallmarks of a maritime paradise.
For more Yachting news click here.