Martin Redmayne, Chairman of The Superyacht Group, joined the Balearic Yacht Show to address the future of the Mediterranean and host a lively discussion at the virtual Balearic pub about what managers and captains need from the market.
While only comprising 0.75 per cent of the world’s oceans by area, the Mediterranean remains the centre of the yachting universe. The Balearics are a vital node in this interconnected space. The well-documented trend towards more isolated destinations and exploration is forming a new baseline for what is considered a ‘normal’ yachting designation. But it is a misnomer to think of this migration as a zero-sum game; the gain for remote regions is not the Mediterranean’s loss. The fleet is growing, and the potential for more development to fill the space left by any superyacht migration is tantalising.
GYG plc (LON:GYG) is a market leading superyacht painting, supply and maintenance company, offering services throughout the Mediterranean, Northern Europe and the USA. The group primarily trades under Pinmar, Pinmar Yacht Supply and Technocraft brands.