Monaco summit examines the “exploding” explorer yacht market

The third annual Explorer Yacht Summit was held on Thursday at the Yacht Club of Monaco, a world-first international conference dedicated to expanding the explorer yacht market.

On Thursday 10th November, yacht owners, charterers, brokers, designers, builders and suppliers were welcomed at the full-day event to network with experts at the forefront of the field.

Explorer yachts are a growing niche, making up 6% of the global superyacht fleet. The last two decades have seen an explosion in the market, with more new builds in production than previous decades. Since the start of the 2020s, 69 new build projects have been commissioned, bringing the total to 740 globally. Some of the largest vessels reach up to nearly 140 metres in length and can be home to permanent crews of as many as 60 people.

Unlike usual luxury yachts, these vessels are often ice-capable and enjoy long-range facilities and equipment. They can give access to some of the most remote and “off-the-beaten-track” destinations, even in the roughest of conditions — something that has great appeal.

They add a new dimension to the yachting experience, says Zelda Swindell, Senior Charter Manager with brokerage house Northrop & Johnson, who attended the summit: “You can really have it all with these vessels: you can have the luxury, but you’ve also got the adventure, the location. These vessels really are unique and cutting-edge.”

Glacier Bay, Alaska, photo source: Northrop & Johnson

Why explorer yachts?

The Explorer Yacht Summit began in 2019 with Patrick Coote, Managing Director of Northrop & Johnson Monaco, after identifying a gap in the market.

“We could see a rapidly growing interest in yachting off the beaten track,” he explains. “People were starting to get fed up with the typical milk run between the Mediterranean and the Caribbean.”

Monaco has always been a hub for explorers since the days of Prince Albert I, who was also known as the Explorer Prince. The summit brings this global community together each year in the Principality, reinforcing Monaco’s position on the global stage as the world capital of advanced yachting. Indeed, the event has gone from strength to strength in recent years, says Coote, and has quickly established itself as a firm fixture in the superyacht calendar.

Having spent his career in various aspects of the yachting industry from shipyards to brokerage houses, Patrick Coote has seen superyacht trends come and go, but he says explorer yachts are here to stay.

“An explorer yacht offers an array of possibilities. A robust and stable platform is perfect not only for long passages at sea but also for a wide variety of exciting activities, be they under the water, on land, or in the air,” he says. “Whatever appeals to you, be it expeditions, adventure sports, submarines, heli-ops, research or science, everything is possible.”

Future good

In addition to their primary purpose as luxury leisure vehicles, explorer yachts, have incredible potential to contribute to marine science. Approximately 70% of the world is still unmapped, says Victor Voscovo, keynote speaker at the summit and owner of an explorer yacht himself. That includes parts of the Mediterranean, and contributing to this pool of knowledge is something yacht owners and charterers can easily do.

“There is a general appreciation among expedition yacht owners that we need to conserve the marine environment and play an active role in its protection,” explains Coote. “This community of owners is more active than most in the fields of Marine research, science and education.”

 

Photo above: Antarctica, source Northrop & Johnson

 

 

Russia-Ukraine War: Monaco targets those with undisclosed links to Russia

The names of thousands who have had their assets and funds in Monaco frozen due to their possible links with Russia have been made public. 

The Prince’s Government announced on Monday that the Budget and Treasury Department, in collaboration with the Digital Services Department, has launched a new website called Gel des Fonds or “Freezing of Funds”.

The digital platform, published in English and French, lists all the people or entities that are subject to a procedure for freezing funds and economic resources in the Principality, in line with international economic sanctions.

The Minister of State has currently identified 3,675 such persons, entities or bodies. As of 11th November 2022, they must report the funds and economic resources belonging to them or that they own, hold or control within the territory of the Principality, to the government.

They are suspected of “compromising or threatening the territorial integrity, sovereignty and independence of Ukraine”, according to the government, and have until 1st December to contact the Budget and Treasury Department via the website.

The national list was created by Sovereign Ordinance No. 8.664 of May 26th 2021 and is updated each time entries are added, deleted or modified. It is the first time the list has been made public, and allows professionals to access the information and receive notifications any time the list is updated.

“The new digital platform is in line with recommendations formulated within the framework of the evaluation of the Monegasque system for the fight against money laundering and the financing of terrorism (MONEYVAL) and attests to the commitment of the Principality of Monaco to maintain the highest level of international standards,” said the Prince’s Government in a statement.

 

 

Photo credit: Hani Agha

 

 

 

Back-to-back losses for Roca Team

AS Monaco Basketball failed to bounce from their Betclic Elite defeat to Dijon, as they once again fell short on Friday, this time against Valencia in the Euroleague (89-84).

The Roca Team remain in a strong position in the Euroleague, but they must re-find their form in order to keep their play-off campaign on track. The Principality do, however, have home-court advantage for their next three European ties.

Former Lyon-Villeurbanne player Chris Jones did the majority of the damage for the Spanish side, with the Monégasques failing to find a way to limit his influence.

Offensively, Monaco were grateful for Jordan Loyd’s (24) efforts, but in a game dominated by free-throw efficacy, the away side couldn’t take their chances. The game slipped away after the return from the dressing rooms. Only one point separated the side’s at the break, but thanks to an unreplied six-point streak at the end of the third quarter, Monaco went into the final quarter with a 10-point deficit (64-54).

Despite outscoring their opponents in the final stages, and at multiple stages going within three points of Valencia, Sasa Obradovic’s men couldn’t restore parity.

“Valencia made some big shots. We have talent, but we have to share the ball more. We’re going to move forward,” said Loyd post-match.

The Roca Team now have the benefit of significant preparation time for their next tie against Baskonia at the Salle Gaston Médecin next Friday. A win is a must to prevent this blip from becoming a more engrained, negative trend.

 

Photo credit: Manuel Vitali, Communication Department

 

Luxury travel pioneer Geoffrey Kent: “I always try everything first”

Geoffrey Kent’s apartment in Monaco is filled with exotic objects obtained from a lifetime of travel, large artworks inscribed by famous names, and young children’s toys scattered about the floor. There are also many photos – of Kent with princes and world leaders, of him posing happily in far-flung places, of a life that is almost too full to comprehend.

He has just arrived back from a big trip. Like every year, Kent has led guests for one of Abercrombie & Kent’s (A&K) luxury adventures. This time, Geoffrey, his wife Otavia, and 160 guests embarked on an extraordinary expedition through the rarely transited Northwest Passage.

“Do you follow my Instagram?” asks Geoffrey when I inquire about the trip. “Of course,” I respond. It is filled with pics from eye boggling destinations interspersed with snapshots of the past, a path twice (or more) trodden, a life lived to the absolute fullest. It is, perhaps, one of the most incredible Instagram pages out there. Not bad for someone who turned 80 in July.

The four-week voyage took them from western Greenland through the Canadian Arctic to Nome, Alaska. They followed in the footsteps of the most legendary polar explorers under the wing of A&K’s famed Expedition Team‚ including an Inuit cultural expert, while experiencing iceberg-laden shores, remote Inuit villages, historic islands and spectacular geological wonders.

“The MV Explorer, or Little Red Ship as it is affectionately known, was the first commercial ship to ever do the north in 1984, so we’ve been doing this for a long time,” laughs Kent. “They’re in the middle of nowhere. Literally in the middle of nowhere. There’s not even any cell connection at times.”

It’s not without its comforts, of course. There is a staff-to-guest ratio of 1 to 1.3, balconies in every room, full butler service, room service, hairdresser, breakfast in bed and French-inspired cuisine. It’s also a rich learning experience with daily lectures on the local culture and environment. But I suspect the environmental lectures – and the trips themselves – have changed drastically in the past decades.

The Northwest Passage: From Greenland to the Bering Sea. Photo credit: Jerome Weitzner

“When I last went to the North Pole in 1999, I was on a Russian icebreaker called Yamal, and each propeller weighed 10 tons. We crashed our way through 17 feet of ice all the way. It was an exhausting trip because the boat had to reverse and then smash its way in, you would make three feet, and it was like this all the way to the North Pole. On this trip, we were just 600 miles from the North Pole at one point and there was flat, clear, open sea. There’s no ice, we have lost it all.”

The crew had to navigate a last-minute alternate route just to find polar bears. They managed to see 15. It wasn’t like this even a few years ago, says Kent. “It used to be a complete fluke if you got through the Northwest Passage. We had a trip in 2018 which never made it through because of the ice. We also saw very few whales this time, they’ve been put off by all the mining along that route now.”

The glaciers feed the world’s river systems, and this year many cruise ships have been unable to access them; Europe’s mighty waterways like the Loire, Po and Rhine shrinking under the most severe climate-driven drought in decades.

It’s a far cry from what the world looked like when Geoffrey Kent started the safari company Abercrombie & Kent with his parents in 1962 in Africa. Of course, the world had other challenges then: A&K’s slogan was ‘shoot with a camera, not with a gun’. They pioneered experiential travel, created the first gorilla tracks in Uganda, brought adventure to luxury travel.

And Geoffrey Kent has been there for all of it. He has notched up 27 million kilometres and 161 countries. “We organise trips to all the places that I want to go to. I never like to go to a place twice. And I love it.”

So do his clients, apparently: 33% of A&K customers return every year to adventure with Geoffrey Kent and his team.

Hot Air Ballooning in Cappadocia, Turkey. Photo source: Abercrombie & Kent

Just weeks after returning from the Northwest Passage, Geoffrey, Otavia and a group of 48 people have now embarked on an Around the World by Private Jet journey, boarding in Seattle with Dom Perignon and caviar on take-off, and making their way to South Korea. They had planned to visit the demilitarised zone between North and South Korea, but there was a significant escalation in tensions recently as North Korea fired missiles and artillery shells into South Korean territorial waters, so the UN shut down all access to the DMZ. Undeterred, the team regrouped and got as close as they were allowed: crossing the Civilian Access Control line where they were able to witness the destroyed Freedom Bridge, bullet holes still visible in the remaining structure.

The adventurous group then will travel in luxury to Hanoi and Ha Long Bay in Vietnam, on to Laos, the Maldives and Turkey where they will go hot-air ballooning over Cappadocia. “I actually took King Charles to Ephesus many years ago, when he was the Prince of Wales,” remembers Kent.

The tour also takes in Benin, West Africa, because Kent is “very excited about learning all about voodoo”, as well as north west Brazil – an area that can only be accessed by private plane. It will end with a huge party in New Orleans after 21 incredible days.

No wonder Abercrombie & Kent was named Europe’s Leading Luxury Tour Operator 2022 at the 29th annual World Travel Awards in Mallorca, Spain.

The privilege of travelling with this veteran is the access that it affords you – VIP entry into some of the most exclusive locations in the world, like castles. On his 2023 Spring trip to the United Kingdom, guests will tour Windsor Castle in London, race BMWs at the Goodwood race track, and learn polo at the Cowdray Park Polo Club, the former stomping ground of Kent and Prince Charles. They will then helicopter to Scotland, because “no expense is spared on these trips”, where they will visit Floors Castle, the home of his “old friend” the Duke of Roxburghe, and do a spot of fly fishing.

The great migration at the Sanctuary Olonana in Kenya, Africa. Photo source: Abercrombie & Kent

Geoffrey Kent and the new King of England have a long history; they have known each other since they were in their 20s. “I was captain of his polo team for 10 years,” says Kent. “I went to Africa with him, I did all the trips with him, everywhere: the Himalayas, Kenya, South Africa, India… everywhere.”

He considers King Charles a “very good friend”, so much so that the head of the British Monarchy sent Kent a congratulatory video message on his 80th birthday.

“He’ll be a great king. He’s very qualified. Terrific guy. Hopefully I will be able to go to the coronation next year,” he says nonchalantly.

It is just another remarkable tale in what has been, and continues to be, a remarkable life for Geoffrey Kent.

Though the countries he is yet to travel “are running few”, Pakistan is still on the bucket list. He would also like to see more of West Africa – Guinea and Timbuktu – and more of Iran.

But unlike a parent who is reluctant to choose a favourite child, Geoffrey Kent has no hesitation in revealing his most favourite place in the world. “Hands down Botswana,” he says. “Kenya is still amazing, east Africa, Tanzania, Uganda, we bought another two new camps in Namibia… it’s a whole new circuit, and it is something we do very well. I love the adventure.”

Stanley’s Sanctuary Camp, Botswana, Africa. Photo credit: Sanctuary Retreats

Before his trip to the South Pole, the savvy traveller sought the advice of Prince Albert II of Monaco, who is “a bit ahead of me in the number of countries he’s travelled to”. “But I took him some years ago to India, and I knew more maharajas than him because I used to play all the polo tournaments there with the Prince of Wales, so they knew me well.”

With great adventure comes great risk, and Kent says that he has had his fair share of near-death experiences: he was jailed for a week in southern Sudan during the explosive civil war, he was thrown out of a boat and chased by hippos, the landing gear failed on his small plane coming into an airport in Egypt, a pilot once ran off the runway to avoid an animal… and that’s all after surviving years of playing polo – one of the most dangerous sports on the planet, and fighting wars in Yemen, Libya, and Cyprus with the British Army.

“By the time I was 25 I had done a lot, which led me on to taking risks with travel,” reveals Kent. “So, I set up the company, but I would always try everything first.”

And that includes space. Having explored and designed trips on every continent of the globe, Kent set his sights higher and established A&K Space. But if he was to provide trips to the next frontier, he had to try it out himself. So, he flew in an English Electric Lightning plane to the edge of space at twice the speed of sound; it went from 0 to 40,000 feet vertically in a minute, his body hammered by 5.5Gs. The travel pioneer was 62 years old at the time.

Extreme adventurer Geoffrey Kent. Photo source: Abercrombie & Kent

“I thought it was a pretty hairy experience, and I remember calling my chief scientist afterwards to ask what the chances were of our space project having an accident. He said 100%. I said, ‘you are telling me there is a 100% chance of killing a client on this trip?’, and he said ‘yes’. So, I thought about it for a night and I shut it down, I let 20 people go. I shut down space long before everyone else started piling into it.”

That was 2004, and six months later his pilot was killed after the plane’s hydraulics failed during the same flight.

“A quote that I often refer to is ‘Life is not a dress rehearsal’, but my whole point is that I want clients to have fun, I don’t want them to die.”

I wonder what Richard Branson would say to that (Virgin Galactic has continually delayed the start of its commercial flights to the edge of space for various reasons).

Geoffrey Kent has documented his extraordinary life in a book he authored, titled Safari: A Memoire of a Worldwide Travel Pioneer. But the adventures continue – perhaps not to space, but still to all corners of the globe, where his team of experts design the most spectacular, once-in-a-lifetime journeys, imagined by the very man himself, travel pioneer Geoffrey Kent.

 

Photo above of Geoffrey Kent on his recent visit to South Korea, source Abercrombie & Kent

 

 

Daniela Boutsen wins prestigious women’s business award

Monaco-based businesswoman Daniela Boutsen has been awarded first prize at the 69th FCEM World Summit in Morocco for her innovative international interior design business.

The founder and director of the Daniela Boutsen brand was named as winner of the prestigious Export Prize at the annual networking event for leading businesswomen on Saturday 5th November.

The Export Prize recognises businesses set up and run by women, which have successfully been exported to international markets. Daniela Boutsen is specialised in interior decoration of VIP business jets, yachts, and residences with clients spanning the globe.

“The year 2022 marks a turning point for my company as it celebratesits 10th anniversary: a decade of working together with my team to continually meet new challenges,” said Daniela Boutsen on receiving the award. “I am proud of this journey and extremely honoured to have received this award tonight.”

Daniela was one of around 400 businesswomen from more than 35 countries to attend the FCEM World Summit in Marrakesh.

FCEM, or Les Femmes Chefs d’Entreprises Mondiales, is an association which unites women business owners from across the world. Globally, more than five million female entrepreneurs from 120 different countries are connected via the non-profit, non-governmental organisation which was founded in France in 1945.

The aim of the association is to promote women’s businesses through initiatives which facilitate business development, partnerships and trade as well as promote solidarity, friendship, and cultural understanding.

Daniela Boutsen attended the 69th FCEM World Summit as a member of AFCEM, the Association des Femmes Chefs d’Enterprises de Monaco, a group created in 2004 that brings together women involved in business in the Principality.

 

 

Photo provided

Photos: Prince Albert’s tour of Italy on day two

Prince Albert II continued his trip to Calabria on Tuesday with visits to many different sites bearing the Grimaldi name. 

The Prince was welcomed to the town by Deputy Mayor Rudi Lizzi, where he unveiled a sign showing the town’s membership to the Grimaldi Historic Sites of Monaco network. He then went to the Town Hall where he met with elected officials before presiding over the laying of a plaque commemorating his visit.

Prince Albert continued his journey on foot to the Greco-Byzantine crypt of Gerace Cathedral and then the diocesan museum. He also received honorary citizenship at the Chiesa di San Francisco in Assisi.

In Canolo Nuova, a small town of 700 inhabitants, the Prince, Mayor Francesco Larosa, and President of the Aspromonte National Park Leo Autelitano took part in a traditional lunch prepared by the shepherds of the park. Guests enjoyed regional specialities and listened to the sounds of the zampogna, antique bagpipes that are still widely used in Italy.

The afternoon was spent visiting Cittanova, a town in the province of Reggio Calabria. There, the Prince unveiled a plaque at the entrance of the village marking it as a Grimaldi Historic Site of Monaco. Another plaque, this time at City Hall, was unveiled in commemoration of his visit. The procession then took to the streets and alleys to meet the large population who had turned out for Prince Albert’s visit, before he was invited to discover the Chiesa Madre di Cittanova, built in 1785 at the request of Maria Antonia Grimaldi Serra, daughter of the Princess of Gerace Maria Teresa Grimaldi, who died in the earthquake of 1783.

Photo credit: Gaetan Luci / Prince’s Palace

After paying his respects at the tomb of Princess Maria Teresa Grimaldi, the Prince continued his journey on foot to the former Grimaldi Palace via Strada Grimaldi. He then visited the Villa Comunale Carlo Ruggiero park before joining the Teatro Rocco Gentile where he received honorary citizenship of the municipality.

The municipalities of Gerace, Cittanova and Molochio were part of the ancient Principality of Gerace, which, between the 16th and 18th centuries, belonged to the Grimaldis of Genoa from a collateral branch of the Monegasque branch.

The day ended with a dinner offered by the Prince to the mayors of Gerace, Cittanova and Molochio as well as to the regional and local authorities in order to thank them for the extremely warm and friendly welcome reserved for him at each stage.

Photos credit: Gaetan Luci / Prince’s Palace