Yachting Singapore has reported a 20% increase in the superyacht sector over the last three years, a trend that according to the yacht service company reflects the upward trend in the sector.
Managing director Y H Fang, comments: “We have worked on many luxury yachts including M/Y Cloud 9, M/Y TV and M/Y Big Fish providing a range of works including anything from engineering works to carpet cleaning.”
Singapore now boasts a range of high quality refit and repair facilities and can accommodate some of the world’s largest superyachts.
There are three marinas in Singapore that are suitable for superyachts, including Raffles Marina (RM), One15 Marina Club (One15) and Marina at Keppel Bay (MKB).
RM was officially opened in 1994 and prior to that, Singapore only had small yacht clubs, sailing clubs and boatels. One15 and MKB both started in 1997. Since then, the marinas and facilities have continued to expand in order to offer superyachts a high standard of facilities.
“Historically, Singapore has been a transhipment centre with one of the busiest ports in the world,” explains Fang. “There is a huge workforce involved in the marine sector with a well-established ship building and repair industry. There are at least five medium sized shipyards with docking facility for yachts up to 120m (393ft) and three well managed marinas for berthing and afloat repairs.”
Regional distribution and service centres for major brands have set up shops here. In addition to the growing industry and repair facilities, Singapore is also an attractive tourist destination for captains and crew.
Fang comments: “Singapore is a modern city offering a clean, safe environment. There is also full transparency when working with government agencies. Air hub connectivity and budget airlines also mean that crews can visit exotic places like Borobudur in Indonesia and Angkor Wat in Cambodia with less than a three hour flight time. That gives crews plenty to do while in Singapore.”
However, Fang notes that Singapore is challenged by other destinations, which are perceived to be cheaper. “We are still facing the stereotype that the cost of works completed in Singapore is more costly than Thailand and Malaysia alternatives. It’s also a challenge in educating new Asian yacht owners on the operation and maintenance of their new found interests.”
Yachting Singapore is a locally owned company founded by Y H Fang in 2003. The company provides marine fitting work, servicing of RIB tenders, and manufacturing of inflatable fenders in hypalon material. The company also provides support to visiting superyachts and yacht management.