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Yacht and SuperYachts
The crew of âsuperyachtâ Sovereign are being urged to spread the word among the international sailing community of the warm Geordie welcome they received while moored on the Tyne.
The Â£40m vessel has been attracting huge crowds since it arrived at the new NE1 Newcastle City Marina, on Monday night.
The identity of its wealthy owners may remain a mystery, but that has not stopped streams of locals taking a trip down to the Quayside to catch a glimpse of the boat and take pictures.
Adrian Waddell, director of operations at NE1 Ltd, which created the marina two years ago, said attracting yachts like Sovereign to Tyneside was exactly what he had hoped it would do.
And he is now hoping other sailors will follow suit.
âWe sincerely hope that this will be the first visit of many by Sovereign and that the crew will spread the world to other âyachtiesâ of the great Geordie welcome afforded to luxury yachts,â he said, âWhen we built the NE1 Newcastle City Marina two years ago we hoped it would attract international visitors and yachts and vessels of all sizes because of the quality of the offer and the fact that boats sail directly into the heart of Newcastle. In the last few weeks, weâve seen the marina at full strength, last week we played host to 58 Dutch yachts, the largest number of international vessels since the Tall Ships, this week we have the first ever âsuperyachtâ moored on the Tyne, not bad going for a Marina still in its infancy. As the marinaâs reputation grows, we are really looking forward to many more seasons to come and welcoming more âsuperyachtsâ and international visitors to the city.â
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Meanwhile, Aventura, Fla.-based BoatSetter is working with marinas across the country to reach out to boat owners. The company launched in February and hopes to be nationwide within the next couple years. BoatSetter focuses on vessels in the mid-30-foot range. They rent for an average $800 for a half day and twice that for a full day.
Other peer-to-peer boat-share sites include Cruzin, which went live last year, and Boaterfly, which caters to markets outside the U.S.
All these sites look to take advantage of a couple of competing market forces: Boating participation has been at an all-time high — 38 percent — the last two years, according to the National Marine Manufacturers Association. Yet boats are only used by their owners about 20 days out of the year, according to the U.S. Coast Guard’s most recent boat owners safety survey.
Owning a boat is expensive. The general rule is that maintaining a boat costs about 10 percent of the boat’s worth each year. With boats selling for anywhere from several thousand to several million dollars, some owners may be facing steep upkeep costs.
“The worst thing you can do for your boat is not use it,” said BoatSetter CEO Andrew Sturner.
Boat owner Robert Scarano, an architect in Brooklyn, N.Y., is a recent Boatbound recruit. He has two speedboats, one 38 feet long and another 25 feet long. Renting his smaller boat for a day is $750, and the larger one goes for $1,350.
Scarano is skeptical that using the site will help him much financially.
“If you look what I’m charging it probably doesn’t even cover the cost between the wear and tear,” he said. “It’s just kind of cushioning it.”