An evolving sector between innovation and sustainability

The yachting industry is a globally important sector, with a steadily growing economic value and a significant impact in terms of employment and the environment. The growing demand for yachts and related services has led to a profound evolution of the sector, which today faces crucial challenges related to sustainability, technological innovation and efficient boat management.

In this scenario, the role of the Yacht Manager takes on strategic importance, acting as an intermediary between shipowners, crews, international regulations and new environmental requirements.

ESE’s training proposal: excellence in yacht management

The European School of Economics (ESE)has developed a training course in Yacht Managementdesigned to train highly qualified professionals capable of facing the challenges of the industry with competence and strategic vision. With the opening of the new office in Genoa, ESE strengthens its commitment to offering innovative and sustainable solutions for the marine industry, promoting events, meetings and collaborations with leading companies in the sector.

The global nautical market and the role of Europe

The marine industry encompasses several segments, including yacht construction, maintenance and operation, nautical tourism and marine logistics. According to the International Council of Marine Industry Associations (ICOMIA), the total value of the marine market has exceeded $50 billion, with an annual growth rate of 7%.

Europe remains a leader in the production of luxury yachts, with Italian companies such as Ferretti Group, Azimut-Benetti and San Lorenzo dominating the market. A recent report by the Superyacht Intelligence Agency highlights that the number of superyachts under construction has reached record levels, with over 1,200 units currently under construction at the world’s leading shipyards.

The birth and evolution of the figure of the Yacht Manager

Yacht management has its origins in the 19th century, when the first large yachts were managed by expert captains in charge of supervision and maintenance. Over time, the evolution of the industry and the increase in operational complexity led to the emergence of the professional figure of the Yacht Manager, responsible for the integrated management of the vessel.

Today, the role of the Yacht Manager has become crucial in ensuring:

  • Maintenance and safety: coordination of refitting, technical inspections and safety on board.
  • Crew management: personnel selection, contracting and training.
  • Financial planning: optimisation of operating costs and budget management.
  • Legal and administrative compliance: compliance with international regulations.
  • Sustainability strategies: reducing environmental impact and increasing energy efficiency.

The challenges of yacht management

Managing a superyacht is a complex challenge requiring multidisciplinary skills. One of the most common mistakes among yacht owners is to underestimate the importance of professional management, risking inefficiencies, unforeseen expenses and poor management.

Crew management

A well-trained and motivated crew is essential to ensure safety and excellent service. However, many vessels suffer from high turnover, inadequate wages and challenging working conditions, factors that can compromise service quality and owner satisfaction.

The importance of training shipowners

Often, when buying or selling a yacht, more emphasis is placed on the purchase price than on the long-term management. Poor maintenance, inadequate financial planning or wrong choices on suppliers can lead to unexpected costs and a reduction in the value of the yacht.

Yacht Manager and sustainability: a key role in the Blue Economy

The Yacht Manager is a key player in the industry’s transition towards sustainability and the Blue Economy. His intervention helps yacht owners to:

  • Adopt sustainable materials and alternative fuels.
  • Obtain environmental certifications to reduce ecological impact.
  • Invest in greentechnological innovations, such as hybrid propulsion and solar energy.

Collaboration with shipyards is essential to ensure the sustainablecustomisation of new builds and the refitting of existing yachts, ensuring compliance with international environmental regulations.

The supply chain and responsible procurement management

Another key aspect is the selection of suppliers according to the principles of the Blue Economy. The Yacht Manager ensures high standards of sustainability and monitors the supply chain to prevent unfair practices. Solutions implemented include:

  • Sustainable waste management.
  • Water recycling and optimisation of energy consumption.
  • Responsible choices for the procurement of materials and supplies on board.

The future of yacht management: sustainability and innovation

The Yacht Management is a strategic sector that requires multidisciplinary skills and constant updating on new technologies and environmental regulations.

The future of boating passes through sustainability, innovation and efficient management of marine resources. The European School of Economics, with its course in Yacht Management and its new location in Genoa, confirms itself as a point of reference in the sector, training professionals capable of tackling the challenges of an ever-evolving industry.

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