Today: Sunday, 26 May 2024 year

Monaco Yacht Show returns in 2021 despite pandemic

Monaco Yacht Show returns in 2021 despite pandemic

Monaco will welcome the annual Yacht Show despite the COVID-19 strict rules. In 2021, there may be fewer yachts but the event will definitely take place, the organizers said. Normally, the Monaco Yacht Show caps off the summer Mediterranean yacht season.

After the 2020 yacht event was cancelled due to the outbreak of coronavirus, revised health measures were rolled out well. The Monaco authorities allowed the event to take place on Sept. 22-25. On the eve of the Yacht Show, some 79 super-yachts are now parked off Monaco, nearly 4.5 kilometres of watercraft.

Although that’s fewer than the 108 yachts measured off Port Hercule in 2019, Monaco is now sixth on the global yacht leaderboard. The 440 exhibitors at this year’s show, down from 580 in 2019, are likely wondering where the market will head in 2022, Bloomberg reports.

Yacht Show’s organizers cited a 28% annual increase in yacht sales in the first quarter of 2021 after a challenging 2020. Among the largest yachts pinging off Monaco are the exhibiting 351-foot IJE, the 341-foot Quantum Blue, reportedly owned by Russian billionaire Sergey Galitsky, the 319 foot Carinthia VII, commissioned in 2002 by Heidi Horten, and the 312 foot Kismet, owned by Jacksonville Jaguars owner Shahid Khan.

In October, the yachts will migrate to the Caribbean and Florida, leaving the shores of Croatia and the harbours of Monaco behind.