BY APB Staff on 30 Jun 2023

The ceremony was attended by 1,500 people who gathered on the Monaco Yacht Club quay

The Monaco Yacht Club has held a celebration to mark its 70th anniversary. The ceremony was attended by 1,500 people who gathered on the Monaco Yacht Club quay to celebrate seven decades since its foundation. 

The Monaco Yacht Club “has been able to preserve and pass on the traditions linked to life at sea, while promoting innovation and the development of yachting,” said Prince Albert II of Monaco, who has been the club’s president since 1984.

The prince then recalled his father, Ranieri III, who founded the institution on 17 June 1953. “His vision was to make the YCM an exclusive place where yachting is experienced, appreciated and celebrated, thus contributing to the promotion of Monaco as a destination.”

chartering a superyacht during the Monaco Grand Prix

One of YCM’s key priorities is to protect the oceans. Prince Albert remarked: “I want to make environmental issues a priority, and we must continue to be a beacon for the nautical industry. The club and its marina have over the years become demonstrators of new eco-responsible solutions.”

Monaco Yacht Club is linked to many events that are important to the global yachting landscape, including the Monaco Yacht Show held every September and the annual Monaco Energy Boat Challenge (July 3-8 2023), now in its tenth edition.

Monaco Yacht Club

Monaco, a tax haven that does not collect personal income tax or capital gains taxes on some of the world’s most wealthy individuals, has an ongoing campaign to become ‘the advanced capital of yachting’ — a strategy that attempts to merge the luxury superyacht lifestyle with sustainability.

During the Monaco Energy Boat Challenge, more than 500 young engineers representing 25 nations and 25 universities will meet industry professionals, including key players such as Oceanco, Ferretti, Sanlorenzo, Lürssen, Monaco Marine and Palumbo SY Refit.

This will be followed by the 3rd Monaco Smart & Sustainable Marina Rendezvous (24-25 September), the aim of which is to present innovative solutions for the development of sustainable marinas.

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