Singapore Yacht Show opens today

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The fourth edition of the Singapore Yacht Show, which opens at Sentosa Cove today and runs through Sunday, is set to be bigger than in previous years.

Yachts valued at half a billion dollars will be at the show.

"Here in Singapore the number of yachts calling at our shores is growing, as well,” S Iswaran, second minister for trade and industry, told Channel News Asia. “Last year, we welcomed 1,175 yachts, which is an 18 percent increase from the year before, and I think the trend bodes well for the continued growth in this sector.”

"And beyond the direct tourism receipts and expenditure, the yachts have also brought with them wider economic benefits to the marinas, as well as to the repair and maintenance facilities,” Iswaran said. “Obviously the superyachts spent a significant amount on a daily basis, on average, in terms of berthing, temporary crew to help with maintenance, marine and other services."

The Ferretti Group will appear at the show alongside Singaporean dealer Hong Seh to present three models: Riva 75’ Venere, SportRiva 56’ and Pershing 64.

After six years of collaboration with Hong Seh as the Riva dealer for Singapore, Ferretti Group Asia Pacific said Hong Seh will be the exclusive dealer for the Ferretti and Pershing brands, as well.

Hong Seh announced the opening of a new flagship store at the One 15 Marina.

The Monte Carlo 76 is making its Southeast Asia debut at the Singapore show.

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