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King Juan Carlos of Spain and Prince Albert of Monaco visit Monaco Yacht Show

This year King Juan Carlos of Spain and HSH Prince Albert II of Monaco visited the Monaco Yacht Show which is part of Informa Plc.

The Monaco Yacht Show exhibited over 100 stunning yachts up to 90m, with an average length of around 45m.  Five hundred exhibitors came from over 36 nations helping attract over 30,000 high profile visitors. 

Despite the recession, there has been an upturn in the yachting industry in recent years. This year’s event welcomed a number of new vessels and new launches. Cakewalk, at 86m the largest superyacht ever to be constructed in America, made its debut appearance at the show. It was the largest yacht in the marina, alongside Seven Seas, the 86m Oceanco 2010 build. Continuing this theme, Pendennis chose Monaco to premiere 44m Hemisphere, the world’s largest catamaran.

It is sales that drive the industry and, although official announcements are yet to filter out of the brokerage houses, the frequent blaring of horns across the marina suggested that sales have been made. There were rumours of several big purchases among these deals with the introduction of several first-time buyers to the market. Nomade was sold in advance of the show, whilst yachts such as Shooting Star and Quinta Essentia were a hive of activity across the four days.

Looking to the future, many companies chose this year’s show as a platform to unveil their latest concepts, with established names such as Feadship, Oceanco and Amels showcasing new designs. They were joined by the likes of Odyssey, RF Yachts and Wider, which introduced its first ever superyacht project, the Wider 150 to the market.

For more information got to http://www.monacoyachtshow.com