yacht ownership singapore

Buy a Boat in Singapore: Your Ultimate Guide to Owning Your Dream Vessel

If you’re looking to buy a boat in Singapore, you’re in luck! Singapore is a hub for boating enthusiasts , and there are plenty of options available for those looking to buy a boat. Whether you’re looking for a small boat for fishing or a luxury yacht , there are many dealers and brokers in Singapore that can help you find the perfect boat for your needs.

When purchasing a boat in Singapore, there are a few things to keep in mind. First and foremost, you’ll need to decide on the type of boat you want and what your budget is. There are many different types of boats available, from small dinghies to large motor yachts, so it’s important to do your research and figure out what will work best for you. You’ll also need to consider the cost of ownership and maintenance, as well as any licensing or registration requirements.

Once you’ve done your research and figured out what type of boat you want, it’s time to start shopping. There are many different dealers and brokers in Singapore that specialize in boat sales, so it’s important to shop around and find the best deal. You can also look for boats for sale online or in classified ads, but be sure to do your due diligence and make sure you’re buying from a reputable seller.

Key Takeaways

• There are many different types of boats available for purchase in Singapore, from small dinghies to large motor yachts.
• When purchasing a boat in Singapore, it’s important to consider the cost of ownership and maintenance, as well as any licensing or registration requirements.
• You can find boats for sale in Singapore by shopping at dealers and brokers, looking online, or checking classified ads.

How to Purchase a Boat in Singapore

If you’re looking to buy a boat in Singapore, there are a few things you need to know before making a purchase. In this section, we’ll go over some key considerations to keep in mind as you navigate the Singapore boat market.

Understanding the Singapore Boat Market

Before you start shopping for boats, it’s important to understand the Singapore boat market. There are many yacht brokers and boat dealers in Singapore, and it’s important to work with a reputable one who can help you find the right boat for your needs.

In addition to yacht brokers and boat dealers, there are also many yacht management companies in Singapore. If you’re looking to buy a used yacht, working with a yacht management company can be a great way to find a well-maintained boat.

Selecting the Right Yacht

Once you’ve found a reputable yacht broker or boat dealer, it’s time to start thinking about what type of yacht you want to buy. There are many yacht brands available in Singapore, including Azimut, Aquila, Sea Ray, Fairline, and Bluegame.

When selecting a yacht, it’s important to consider your needs and preferences. Do you want a motor yacht or a sailing yacht? Do you want a superyacht or a smaller boat? Do you prefer catamarans or monohulls? These are all important questions to ask yourself before making a purchase.

Price Considerations and Budgeting

Of course, price is also an important consideration when buying a boat in Singapore. New yachts can be quite expensive, but there are also many used yachts available at more affordable prices.

When budgeting for a yacht purchase, it’s important to consider not just the purchase price, but also ongoing maintenance and operating costs. Yachts require regular maintenance and repairs, and fuel costs can be significant.

Overall, buying a boat in Singapore can be an exciting and rewarding experience. By working with a reputable yacht broker or boat dealer, selecting the right yacht for your needs, and carefully considering price and budgeting, you can find the perfect boat to enjoy the beautiful waters around Singapore.

Ownership and Maintenance

Owning a boat or yacht in Singapore can be an exciting and rewarding experience. However, it is important to understand the responsibilities that come with ownership, including yacht management and upkeep. In this section, we will cover the basics of yacht ownership and maintenance, as well as joining the boating community in Singapore.

Yacht Management and Upkeep

When it comes to yacht management and upkeep, there are several important factors to consider. One of the most significant is the length of your boat. Longer boats typically require more maintenance and upkeep, as well as higher storage fees. If you are considering purchasing a mega yacht, it is important to be aware of the additional costs associated with ownership.

In addition to storage and maintenance costs, you will also need to consider the cost of tenders and pre-owned boats. Tenders are smaller boats that are used to transport passengers and supplies to and from the main yacht. Pre-owned boats can be a cost-effective option for those who are on a budget, but it is important to thoroughly inspect the boat before making a purchase.

Joining the Boating Community

Joining the boating community in Singapore can be a great way to meet other boat owners and enthusiasts. There are several yacht clubs and marinas throughout the city-state that offer a range of amenities and services, including boat storage, maintenance, and repairs .

When joining a yacht club or marina, it is important to consider the community’s culture and values. Some clubs may have strict rules and regulations, while others may be more relaxed. It is also a good idea to attend club events and activities to get a better sense of the community and its members.

Overall, owning a boat or yacht in Singapore can be a wonderful experience. By understanding the responsibilities of ownership and joining the boating community, you can ensure that your time on the water is safe, enjoyable, and rewarding.

Frequently Asked Questions

What are the best places to find affordable boats for sale in Singapore?

Looking for a boat can be an exciting experience, but it can also be challenging, especially if you are on a budget. Some of the best places to find affordable boats for sale in Singapore include online marketplaces such as Carousell and Gumtree. You can also check out boat dealerships and brokers, as they often have a wide selection of boats at different price points.

How can I find a well-maintained second-hand yacht in Singapore?

When purchasing a second-hand yacht , it is essential to ensure that it is well-maintained and in good condition. You can find well-maintained yachts by checking out online marketplaces, such as Boat Asia and Singapore Yacht Show . You can also attend boat shows and exhibitions, where you can meet reputable yacht dealers and brokers who can help you find the right yacht.

What should I look out for when purchasing a used sailboat in Singapore?

When purchasing a used sailboat in Singapore, it is essential to check the condition of the sails, rigging, and hull. You should also inspect the engine and electrical systems to ensure that they are in good working condition. It is also important to check the boat’s maintenance records and history to ensure that it has been well-maintained and cared for.

Which marinas in Singapore offer the best deals on launching boats?

Singapore has several marinas that offer excellent deals on launching boats. One of the best marinas to launch your boat is the Marina at Keppel Bay, which offers a wide range of services and facilities. Other marinas to consider include the Raffles Marina and the One 15 Marina Club.

Are there any hidden costs I should be aware of when buying a boat in Singapore?

When purchasing a boat in Singapore, it is essential to be aware of the hidden costs that may arise. These costs may include maintenance costs, insurance, and mooring fees. You should also consider the cost of fuel, repairs, and upgrades that may be required to keep your boat in good condition.

How do I navigate the process of boat ownership transfer in Singapore?

The process of boat ownership transfer in Singapore can be complex, but it is essential to ensure that it is done correctly. To navigate the process, you should engage a reputable lawyer who can guide you through the process. You will need to provide proof of ownership, such as a bill of sale, and pay the relevant transfer fees.

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Exploring the Luxury Lifestyle: Owning a Superyacht in Singapore

F rom the sparkling coastline to the breathtaking vista of its iconic skyline, Singapore presents an alluring retreat for those who prefer a luxurious lifestyle. Its affluent populace, along with affluent visitors from around the world, has led to a burgeoning demand for superyachts in this island nation. A superyacht isn’t merely a status symbol; it’s a lifestyle choice that echoes an individual’s passion for luxury, adventure, and the penchant for the unexplored. Using knowledge from Simpson Superyachts’ guide to owning luxury vessels in Singapore , this article seeks to offer a thorough guide for embracing and prospering in this distinctive, opulent nautical lifestyle. 

The Allure of Superyacht Ownership

Having a superyacht gives its owners an unrivaled degree of seclusion, luxury, and independence; it’s like having your own moving island. A superyacht offers an unmatched way to enjoy Singapore’s beauty and opulence, whether one wants to cruise the pristine waterways of Southeast Asia or throw lavish, unforgettable parties against the mesmerizing backdrop of the Singapore cityscape. In Singapore’s ever-changing maritime scene, a superyacht personifies luxury living and adventure through its unique combination of exclusivity and mobility.

Understanding the Basics

Understanding a few key aspects of yacht ownership is essential before deciding to buy a superyacht. Superyachts range in length from 24 to over 100 meters, with a crew to oversee operations. Their sizes also vary greatly. These magnificent vessels meet the greatest standards of comfort and amusement with a plethora of opulent amenities, such as large state suites, fully equipped bars, helipads, swimming pools, and even onboard theatres. Nevertheless, the cost of owning a superyacht goes much beyond the original purchase price and includes recurring charges for things like maintenance, crew pay, insurance, and marina fees. Potential owners must do extensive financial planning to make sure they can afford the long-term expenditures of yacht ownership and maintenance, given the substantial financial commitment needed.

Selecting the Perfect Superyacht

Selecting the perfect superyacht requires careful consideration of your needs, wants, and intended use. Finding the ideal fit takes careful thought because there is such a wide range of alternatives to choose from, including sleek, sporty yachts made for weekend outings and explorer yachts intended for longer trips. To make sure that every element, from layout and facilities to aesthetic aspects, matches their specific tastes and needs, many customers choose to have their yachts custom-built. Reputable yacht brokers, like Simpson Superyachts, are essential to this process since they provide potential owners with crucial knowledge and direction. 

Here’s a list of different types of yachts:

• Motor Yachts: Powered by engines, motor yachts offer speed, comfort, and luxury, ranging from sleek, sporty designs to spacious, long-range cruisers.
• Sailing Yachts: Driven primarily by wind power, sailing yachts evoke a sense of tradition and elegance, offering serene and eco-friendly cruising experiences.
• Explorer Yachts: Designed for long-distance voyages and exploration, explorer yachts feature robust construction, extended fuel range, and amenities tailored for adventurous expeditions.
• Catamarans: Catamarans boast two hulls, providing stability, spaciousness, and efficiency, making them ideal for cruising in shallow waters and island hopping.

Understanding Laws and Regulations

Singaporean law requires that all yachts be registered with the Maritime and Port Authority of Singapore (MPA). Additionally, superyachts docking in Singapore must adhere to local marine regulations. Some of these concern maritime safety, crew training, insurance, and pollution control. It’s vital to familiarise oneself with these regulations or work with a knowledgeable broker who can navigate through the legal and regulatory complexities.

Tax and Customs

Another critical aspect of superyacht ownership in Singapore is understanding the applicable taxes. Currently, Singapore does not impose tax on foreign-registered yachts. However, GST is levied on locally registered yachts. Also, certain customs rules must be adhered to when bringing your superyacht into Singapore.

Maintenance Matters

Superyachts require regular, high-quality maintenance to ensure safety and longevity. Whether it’s routine engine service, hull cleaning, or interior refurbishment, your yacht must be meticulously maintained. These responsibilities can be managed individually or delegated to a yacht management company.

Crew Hiring

The crew of a superyacht is essential to the seamless running and enjoyment of the yacht. Every member of the crew plays a vital role in ensuring that passengers have an unforgettable day, from the knowledgeable captain in charge of navigation and safety to the kind deckhands and catering personnel. Superyacht owners should work with respectable companies that specialize in crew recruiting to guarantee a high caliber of service and professionalism. 

Moreover, undergirding these aspects and ensuring a seamless adventure is the Simpson Superyachts guide to owning luxury vessels in Singapore. Regarded as a comprehensive, tailored resource, this guide assists prospective owners through every step of the superyacht ownership journey, from initial inquiry to sailing off into the sunset. It provides an invaluable wealth of knowledge and expertise to navigate the world of luxury yachts in Singapore, setting you free to embark on your high-sea adventure truly.

The post Exploring the Luxury Lifestyle: Owning a Superyacht in Singapore appeared first on The Design Tourist .

• Oct 8, 2023

10 Things to Look Out for in Yacht Management in Singapore

Updated: Oct 10, 2023

Yacht ownership is a dream for many, offering the allure of endless blue horizons and luxurious voyages. However, the reality of maintaining and managing a yacht can be a complex and demanding endeavour. To ensure your yachting experience remains smooth and enjoyable, it's crucial to pay attention to various aspects of yacht management. Here are some key considerations:

1. Yacht Management Services

Before you even acquire a yacht, research reputable yacht management companies. These firms offer a wide range of services, including maintenance, berthing, and servicing. Choosing the right one can make a significant difference in your ownership experience. Look for companies with a proven track record and a comprehensive suite of services.

2. Maintenance and Repairs

Regular maintenance is essential to keep your yacht in top condition. Ensure that your chosen management company has a robust maintenance program in place. This includes routine checks on the engine, hull, electrical systems, and other critical components. Quick and efficient repairs are also crucial to prevent minor issues from becoming major problems.

3. Crew Management

If you employ a crew for your yacht, their management is vital. This includes hiring qualified and experienced staff, training them, and overseeing their performance. A well-trained and professional crew enhances the safety and enjoyment of your yachting adventures. Most experienced crew came from yacht charter companies as they tend to handle all aspects of operating a yacht on a daily basis.

4. Financial Management

Yacht ownership involves significant financial commitments. Proper financial management is crucial to avoid overspending and ensure that you can afford the ongoing costs of yacht ownership. Keep a clear budget, monitor expenses, and plan for unforeseen costs. If you are looking to financing your yacht purchase, you can refer to this link .

5. Berthing and Docking

Selecting the right marina or berth for your yacht is essential. Ensure that your chosen location is secure, well-maintained, and conveniently located for your intended cruising destinations. Some yacht management companies can assist in securing prime berthing locations. For e.g. the waiting list for a berth in the top marina in Asia, One°15 Marina, is 18 months. Contact our sales team today to assist you in securing a berth in One°15 Marina.

6. Insurance

Yacht insurance is a must. It provides protection in case of accidents, damages, or liabilities. Be thorough when reviewing insurance policies and ensure that you have adequate coverage for your specific needs.

7. Safety and Compliance

Adherence to safety regulations and compliance with maritime laws are non-negotiable aspects of yacht ownership. Stay informed about the latest safety requirements and ensure that your yacht and crew are compliant at all times.

8. Resale Value

Yachts are significant investments. Consider how your choices in terms of maintenance, upgrades, and usage may impact the resale value of your yacht in the future. Well-maintained and upgraded yachts tend to hold their value better.

9. Environmental Responsibility

Responsible yacht management includes minimizing your environmental footprint. Choose eco-friendly practices and products when possible to reduce the impact of your yacht on marine ecosystems.

10. Regular Inspections

Schedule regular inspections of your yacht to identify any potential issues before they become serious problems. Prevention is often more cost-effective than major repairs.

Yacht management is a multifaceted task that involves careful planning, maintenance, and attention to various aspects. By selecting the right management services, maintaining your yacht diligently, and being financially prudent, you can ensure that your yacht ownership experience remains enjoyable and hassle-free. Remember that the key to successful yacht management lies in the details.

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Chilling on a yacht: Does it make more financial sense to rent or own a boat?

SINGAPORE - With so many islands to explore around Singapore and the allure of having the freedom to sail farther away, owning a boat can seem like a luxurious way to relax from the hustle and bustle of the city.

During the coronavirus pandemic, boat ownership can also be an opportunity for staycations and a chance to chill.

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Our Yacht Fleet

Yacht Luxe has one of the largest fleets of yachts for charter in Singapore; select from our wide selection of yachts to create your very own luxurious yachting experience. Whether you’re looking to celebrate your birthday, bachelor or bachelorette party, yacht wedding or lavish yacht party; Yacht Luxe has the finest yachts booking options for you.

SYDNEY YACHT 

Motor Yacht

Length: 33 Feet

Max Guest Capacity: 12 Pax

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VIENNA YACHT 

Luxury Catamaran

Length: 51 Feet

Max Guest Capacity: 33 Pax

SANTORINI YACHT 

Sailing Catamaran

Length: 39 Feet

Max Guest Capacity: 18 Pax

Wanderluxe experiences.

Beyond the sailing experience, Yacht Luxe has curated a list of luxury wanderluxe experiences to enjoy on our fleet of yachts. We bring the best adventures on our exquisite yachts for you to revel in. Embark on an adventure of a lifetime and create unforgettable memories with your loved ones, friends and families.

Yacht Photoshoot

Romantic cruise, candle making masterclass.

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Our Yacht Luxe Story

Established in Singapore by Liyann Seet, Yacht Luxe is a yachting company founded for the passion of the ocean, yachts, and meeting the needs of the marine industry worldwide. Yacht Luxe has one of the largest fleets of yachts for charter in Singapore; select from our wide selection of yachts to create your very own luxurious yachting experience. Beyond the yachting lifestyle, our team has curated a list of luxury wanderluxe experiences that you can enjoy on our fleet of yachts. 

Over the years, the Yacht Luxe membership club has been welcoming distinguished members through its gates. Undefined by status, profession, or pretentiousness, our members are passionate about yachting and looking to build bridges with like-minded individuals.

Liyann has also expanded the business by offering a wide range of yacht management services handling the full spectrum of yacht operation that comes along with yacht ownership. With headquarters in Singapore, Yacht Luxe has representations and partners in major cruising areas of Asia; our local knowledge, networks, and expertise with the local supply chain allow us to be a stellar choice of yacht management service providers. 

Yacht Luxe covers various aspects of yachting, including yacht chartering, brokerage, management, and investment sales. We are advocators of the yachting lifestyle and seek to deliver exceptional yachting experiences to clients worldwide. We aspire to set the trends of tomorrow in the luxury yachting world and expand the Yacht Luxe brand and its trusted partners.

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Increase in Yacht Ownership in Singapore

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Join the trend of yacht ownership in Singapore and enjoy the luxurious lifestyle it offers. Learn more about the increase in yacht ownership in this guide.

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Guide to Starting a Yacht Charter Business in Singapore

• Guide to Starting a Yacht…

The idea of having a yacht charter business is appealing to many people – a business that combines both entrepreneurial spirit and the yachting passion. While the yachting business has the same basic requirements as other types of businesses, business owner of yacht charter business will want to factor in some considerations when setting up the business.

Things to Consider When Starting a Yacht Charter Business

1. identify opportunities.

Firstly, you may want to understand the tourism industry inside out before you start your yacht business. Do a market assessment to find answers for the below:

• Where is the location? This question simply asks where do you want to start your yacht charter business and why?
• Do you know what is the demand for yacht charter in the selected location?
• Are there any other locations that would have better performance better?
• Do you know facts like historical tourism trends, and where charter guests usually come from?
• How much are your competitors charging in the same area?
• How many charters are they (competitors) running per year?

2. Know Your Customers

The second step is to identify your potential customers and know what kind of service do they need? Are they foreign tourists, cruise guests, local partygoers that fancy a party on a yacht, backpackers, or budget holidaymakers? Once you have identified who your customers are, you can start researching your customers’ requirements. With that, you will be able to get a boat as well as come up with the service package that suits their needs.

On top of that, you may also need to ask yourself: what are your business’s target customers? Will you target high end or upper-level clients like corporate clients (i.e. yacht charter for corporate events, team building and so on)? If yes, then a high-end yacht with cabins to accommodate all guests is a must-have on your list. Your yacht charter business must be able to meet the exact requirements of your customers.

3. What is your niche?

This part will help you to sort out the selling point of your yacht charter business – what makes you stand out in the fiercely competitive market? Therefore, you will want to make sure that there is some uniquely defined characteristic (or service) that will set you apart from your competitors and compel people to go to you from all possible options.

In addition to this, you can also factor in the points below while setting the uniqueness of your yacht charter business:

• Will your guests be swimming?
• Will there be any dive tours?
• Will you offer dinner cruises?

4. Choosing the right vessels to be chartered

After you have done the above assessments and research, you should be able to know which and what type of vessels to be chartered. Of course, it also depends on your budget. Having a clear decision on the right vessels to be chartered will allow you to have a more focused marketing plan and service packages that your yacht charter business could offer.

How to Start a Yacht Charter Business in Singapore

Each year, Singapore welcomes approximately 10 million tourists into the country. The influx of tourists in the country has spurred the monumental growth of Singapore’s tourism industry. Singapore attracts tourists in many ways – from its cultural diversity, colonial history, world-class shopping to the world’s only Night Safari. Singapore is fast gaining its traction as one of the attractive touristic hubs in Asia. In fact, this has the spill over effect to many sectors, for example, the car rental and even yacht chartering services.

In fact, Singapore is the city-state with some of the most beautiful landscapes in region (such as the famous Singapore Marina Bay). Starting a yacht charter business in Singapore yields many advantages. So what are the steps to start a yacht charter business in Singapore? The company registration procedure of a yacht charter business in Singapore is the same as other businesses.

Below is the summary of company incorporation process in Singapore: a.) Decide the business structure

• Sole-Proprietorship
• Partnership

b.) Name your business

Of course, your yacht charter business needs a business name. Before you register it with Accounting and Corporate Regulatory Authority (“ACRA”) , please make sure that you run a name check (to rule out the possibility of duplication of company name and to determine the availability of the name).

c.) Incorporate your business

i.) Checklist – before the incorporation:

• you have at least one shareholder in your company
• you have at least one local company director (the local director can be either a Singapore citizen, or a Permanent Resident, or a person holding an EntrePass, Employment Pass, or Dependent Pass)
• the appointed Company Secretary is a Singapore’s resident.
• Your company has a minimum of S$1 of paid-up capital
• Your company has a local address as the registered company address

ii.) Documents needed by ACRA (for company registration)

• ACRA-approved company name
• Brief description of business activities
• Details of shareholder(s)
• Details of director(s)
• Details of company secretary
• Registered Address
• Company Constitution

iii.) Company registration process

• Singapore’s company registration process is fully computerized by ACRA.
• A company needs only two days to complete its incorporation process.

Licenses for yacht charter businesses in Singapore

While Singapore does not issue any special licenses related to the activity of the yacht charter company (other than the business license issued by ACRA), the vessels to be chartered have to be registered with the Ship Registry . If the yacht’s owner is a foreign citizen with a Singapore residence permit, or a company with a registered seat in this country, he or she must possess an employment or residence pass.

a.) Yacht registration in Singapore

• Submit an application to reserve the name of the boat;
• apply for an official number
• apply for a call sign or a signal letter;
• submit relevant documents related to the vessel registration;
• pay the registration fees;
• pay the annual tonnage tax

b.) Documents needed in vessel registration in Singapore

• Details or information about the ship’s owner: identification papers (in the case of natural persons) and the business profile of the company(in the case of legal entities);
• a copy of the Bill of Sale or the Builder’s Certificate;
• a declaration with the value of the vessel is clearly stated;
• a tonnage certificate;
• a class certificate.

If you need help to start your yacht charter business in Singapore, you can contact our local experts in company incorporation to find out more about the company incorporation process.

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Registration of Pleasure Craft

The MPA service counter at mTower, Level 21 will be closed until further notice. There will be no changes to our operating hours i.e. Monday to Friday from 8.30am to 5.30pm. All submission and collection of Registry-related documents will continue to be carried out by post, designated drop-off box and multi-trays. For more information, please send your registration application or query to  [email protected] .  

Purpose of the Register

Pleasure craft registered with the Singapore Registry is to be used exclusively by the owner, or guest of the owner, for sport or pleasure purposes only, and may not be deployed for commercial purposes or reward. If the craft is solely operating within Singapore waters, SZ-licensed suffice. A flag registry is not required.

New Requirements with Effect from 1 July 2020 

A new set of regulations, Merchant Shipping (Pleasure Craft) Regulations 2020, will come into effect  1 July 2020  which stipulates the requirements for registration of pleasure craft.  This requirement only affects the Singapore-registered pleasure craft.  The enhancements include expansion of registration conditions and implementation of safety requirements. These will be enforced under the  new regulations. To provide an overview of the key requirements under the new regulations, you may refer to:

Shipping Circular No 7 of 2020

Singapore-Registered Pleasure Craft Guidebook  

Eligibility for Registration

Singapore-registered pleasure craft can be owned by a person who is ordinarily resident in Singapore or a Singapore business entity (whether for profit or not)  such as a body  corporate, a firm, partnership or associations.

New Conditions of Registration

With effect from 1 July 2020, the pleasure craft must comply with the new conditions of registration. Pleasure craft that do not meet the criteria in particular length and construction material will not be renewed or renewed but with conditions.

• The pleasure craft must be at least 7 metres in load line length with an enclosed deck;
• The pleasure craft must not be more than 17 years old at the point of registration;
• The pleasure craft must not be constructed of wooden hulls;
• The pleasure craft must not be used as a passenger ship (i.e. the craft cannot carry more than 12 passengers); and
• The pleasure craft must not be constructed of inflatable design (including an inflatable craft with a rigid board

Name of Pleasure Craft

Craft bearing undesirable names which are likely to cause confusion in an emergency will not be registered. The owner must be prepared to change the craft's name should there be an existing one in the Register. No two craft should bear the same name.

Registration and Renewal

New Registrations : If your craft meets the above conditions, please submit the following documents (if available) for our assessment for new registrations, change of ownership or re-flag application:

• Application form (as attached);
• Full coloured photographs displaying the name of craft and its enclosed deck;
• For Singapore individual, to produce NRIC. For foreigners who are ordinarily residing in Singapore, to produce passport/ work permit/ S Pass as well as official documents that provides proof of address (such as utility bills or bank/credit card statements issued to the applicant’s name)
• For Business entities, to submit Accounting and Corporate Regulatory Authority (ACRA) Business Profile 
• Proof of ownership of craft (Bill of Sale, Builder’s Certificate, Proof of Receipt);
• Policy of insurance held by the owner of the pleasure craft with respect to the use or navigation of the pleasure craft;
• Evidence of closure of foreign registry from former flag registry, such as Deletion Certificate or transcript showing closure of flag registry (where applicable);
• Document setting out the carrying capacity, gross tonnage and specifications of the craft; and
• Survey report by accredited organisations

Renewal : Please submit the application form, valid insurance certificate, as well as the registration documents above, if any of the documents above have not been previously submitted.

Period of Registration

The registration is valid for a  period of up to one year and will expire on the day before the anniversary date of the completion of the relevant survey. Please see example below:

Craft is SZ-licensed + SG-registered craft; Initial Registration: 15 July 2020

Initial Survey: 5 July 2020 (valid for 3 years); COR validity: 15 July 2020 to 4 July 2021. 

 ^Date adjusted to re-align with the inspection date 

• Assuming the initial inspection was carried out on 5 Jul 2020, the craft has to undergo a renewal survey within 3 months window period from 5 Jul 2023 (expiry of initial survey), i.e. 4 Apr – 4 Jul 2023. 
• If the subsequent renewal survey is carried out on 1 Jun 2023 (during window period), there will be no change in the COR anniversary date. If carried out outside of window period, there will be a shift in the COR anniversary to align with the anniversary date of the latest survey report.
• If the survey is carried out after the expiry date of the COR, the registry of the craft will be closed. Should the owner wish to maintain the craft registry with us, the craft need to be registered again and comply with new registration requirements. New registration fees will be applicable, i.e. $200.

Registration Fees

The fee for initial registration and change of ownership is S$200. The fee for subsequent annual renewal is S$50. Owners are not liable for the payment of annual tonnage tax. 

Change of Ownership or Craft Particulars

The registered owner must notify the Registrar in writing, not later than 30 days after the change and produce the Certificate of Registry to him. If there is a change in ownership, the new owner must meet the eligibility requirement and submit the completed application form. 

Obligations

The owner shall ensure that within one month from the date of registration, the pleasure craft is properly marked as follows:

• The name of the craft is clearly painted on or affixed to the bow and stern of the craft.
• The word "SINGAPORE" is clearly painted on or affixed to the stern immediately below the name of the craft.
• The markings must be effectively maintained and renewed when necessary during the period of registry.

Survey as part of Safety Requirements

All Singapore-registered pleasure craft must be surveyed once every 3 years according to the safety equipment requirements. The full sets of requirements are extracted in the  Second and Third Schedule of the Merchant Shipping (Pleasure Craft) Regulations . The information is also available in Annex A of  Shipping Circular No 7 of 2020 . Valid survey report to be submitted for the registration and renewal applications.

Who to Conduct Survey

Surveys of Singapore-registered pleasure craft must be conducted by recognised surveyors employed by accredited organisations (AOs).

• Contact: Ms Phong Chong Hui (Tel: +65 6222 9282)
• Email:   [email protected]
• Contact: Mr Matthew Pay (Tel: +65 6323 1336)
• Email:   [email protected]
• Contact: Mr James Lim (Tel: +65 9424 5253)
• Email:   [email protected]   
• Contact: Mr Jonathan Loh (Tel: +65 8268 0289)
• Email:   [email protected]
• Contact: Mr Liew Kim Fei (Tel: +65 3163 0607)
• Email:  [email protected]

Eelat Pte Ltd

Contact Mr Jeya (Tel: +65 6265 6365)

Email: [email protected]

The requirements to be an accredited organisation to survey Singapore-registered pleasure craft in accordance with Merchant Shipping (Pleasure Craft) Regulations 2020 are as follows:

• ACRA of company
• Professional indemnity insurance (coverage of more than S$50,000)
• Name & NRIC (or passport/pass holder) of the surveyor (s) employed by your company
• Class 1 Certificate of Competency (Deck or Engine Foreign-going)   or
• Qualification from an Institution recognised in a maritime related field with specialised training (e.g Naval Architects)
• Overseas Presence / Remote survey capabilities (new requirement for next review of AOs)

The surveyors from AOs will be required to undergo a Train-the-trainer programme conducted by MPA surveyors before the Letter of Agreement will be issued to the AOs. SRS Pleasure Craft Survey Checklist will be used in the survey by the AOs. 

Reporting of Incidents

The owner, master or the person-in-charge of a Singapore-registered pleasure craft must report to the Director of Marine immediately or, at the latest, within 2 hours of any of the following occurrences: 

• Breaking-up, damage or loss of the craft;
• Collision, accident, or other incident causing the breaking-up, damage or loss of the craft;
• Accident, damage, pollution, injury or loss of life which the craft has caused or which occurs on board the craft from any other cause. 

The initial reporting can be sent via email to [email protected] or verbally over the phone via the SRS Hotline at +65 6225 5777 (6-CALL-SRS). A full report must be subsequently made to the Director of Marine, MPA, within 24 hours of the event. Please refer to Shipping Circular 08 of 2023 on Reporting of Incidents Involving Singapore-registered Ships, and submit the report to [email protected] . 

Closure of Registry

The registered owner must notify the Registrar in writing and surrender the Certificate of Registry. 

Frequently Asked Questions

For more information on the new requirements for the Singapore-registered pleasure craft, please refer to the Frequently Asked Questions (FAQ) found in  Annex B of  Shipping Circular No 7 of 2020 .

Singapore Registry of Ships Shipping Division 460 Alexandra Road, mTower   #21-00 Singapore 119963 Tel: 1800 272 7777 / +65 6272 7777 (if calling from overseas) [select option 1] Email:  [email protected]

• Application Form
• FAQs (.pdf, 344 KB)
• Merchant Shipping (Pleasure Craft) Regulations (.pdf, 417 KB)

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More and more people in Singapore are purchasing yachts so they can experience the opulent lifestyle they provide. Affluence, discretionary income, and an increased desire for a high-class way of life are all likely contributors to this growth. Why are so many Singaporeans buying yachts, and what can you anticipate if you do the same? These questions and more will be answered in this article.

1. Why More People Are Buying Yachts?

The rising middle class and disposable wealth in Singapore have contributed to a boom in yacht ownership there. Increases in the number of wealthy people have led to a greater demand for high-end goods and services. The increased desire for opulence is also a contributor. Yacht ownership has grown in popularity as a means of experiencing the good life. Singapore’s thriving yachting community has contributed to the rise in yacht ownership. These amenities make it easy and accessible for people to spend time aboard their yachts.

2. Getting Started with Yacht Ownership in Singapore

Buying a yacht in Singapore can be an intimidating prospect, but with the correct resources and assistance, you can make the transition to yacht ownership a breeze. The first step is to familiarize oneself with yacht finance choices. Loan financing, yacht leasing, and yacht charter Singapore are some of the possible alternatives to outright purchasing a yacht. Keeping up with regular yacht maintenance and repairs is also crucial to ensuring your vessel is in peak condition and available for use at any time. Boat owners should also purchase yacht insurance to safeguard their financial investment and provide peace of mind in the event of unforeseen mishaps. Those who are new to boat ownership may find yacht management services to be a helpful resource. The routine maintenance and management of your yacht can be taken care of by these companies, leaving you more time to relax and enjoy the yachting lifestyle.

3. Singapore Yacht Lifestyle, Relaxing on the Water

Getting your hands on a yacht is just the beginning of the good times. A visit to the islands and the waterways around Singapore can be an amazing adventure. Joining a yacht club and participating in social activities is another great way to connect with the yachting community. Owning a yacht allows you to take your loved ones on romantic sunset cruises or entertain your closest friends in elegance.

The Final Thoughts

The rising number of people staying in Singapore who own yachts attests to the desirability of this type of high-end asset. Yacht ownership can provide numerous advantages and possibilities, whether you’re trying to indulge in something new or just want a different way to spend your leisure time. This article aims to shed light on the rising popularity of boat ownership in Singapore and hopefully inspire readers to think about doing the same. We invite you to get in touch with us to learn more about our yacht financing and yacht management services.

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At Luxi, we transcend boundaries to bring you an exquisite fusion of opulence, style, and cultural richness. Each page unfolds a narrative woven with precision, capturing the essence of the world's most coveted trends. Welcome to a space where excellence meets expression, and where the pursuit of luxury is an art form. Luxi Magazine, where every moment is a celebration of refined living and the epitome of grandeur. .

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Star of the Sea: Singapore’s Largest Yacht for Charter Unveiled

Discover what you can expect on board the largest luxury yacht available for charter in Singapore

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Iconic 'little blue boat' that calls Montrose Bay home up for sale after family makes tough decision

For almost 50 years a little blue boat has been moored on the River Derwent in Hobart's northern suburbs by the side of a busy highway.

It is known affectionately by many Tasmanians as "the little blue boat", and has floated alone next to the Brooker Highway at Montrose Bay over the decades.

Sea Breeze, its official name, was built by Robin Attrill in his Montrose backyard in the early 1970s.

His son Colin Attrill said the boat was launched at Macquarie Wharf in 1976.

"It's been on the mooring in Montrose Bay ever since, and that's why it's such an iconic little blue boat," he said.

Tasmanians curious about 'little blue boat'

The boat is an object of fascination for Brooker Highway motorists and foreshore walkers due to it seemingly never moving.

Colin Attrill said it was "absolutely amazing" the number of people who would stop and talk to him about the boat when he was launching the dinghy to go and check on it.

"The number of people that talk to me that are walking past and go 'that boat has been there forever' and 'it was there when I was going to school or every day when I've been driving to work'," he said.

"Some people say they've never seen it move. Well it used to move all the time.

"Of late it's slowed up, we're all busy and dad has slowed up. We lost mum and once that happened it impacted on family activities."

Tough decision to sell

Its owner is now 91 and the boat has not been sailed for about 10 years.

Colin Attrill said the family had recently made the tough decision to try to sell the boat.

"Dad isn't well and he's gotten old, which we all do, and the boat's got old," he said.

"Anyone who knows about a timber boat knows that they need maintenance."

Mr Attrill said the family used to put the boat on the slip at least once a year to clean and antifoul it, and do any repairs.

"But the past few years Dad has been unable to do anything, and the boat unfortunately has just sat on the mooring," he said.

He said the family decided it was time for the boat to have a new owner.

"Nobody is using it, it needs a new owner who will give it the time and get the enjoyment out of it that we had growing up," he said.

"It's a great boat, and there are many years left. Wooden boats just last."

'Next phase' for the boat

The Attrill family is full of passionate sailors and Robin's brother Peter represented Australia in sailing at the Helsinki Olympics in 1952 — Tasmania's fifth Olympian and the first to represent the state in sailing.

When Robin finished building the 25-foot river cruiser, known by the family as The Breeze, it was used for trips away around Hobart.

"We used to have family trips down the channel, down to Cygnet, down to Dover, and all places in between fishing and weekends away," he said.

"We also used to go to events in Hobart like the Hobart Regatta, the Sandy Bay Regatta. We'd be down the river at any chance, or up the river. She made it to New Norfolk a couple of times.

"The boat was all over the place, wherever we could."

Mr Attrill said it would be a sad day when the boat left Montrose Bay after almost 50 years.

"We will see where it goes and where it ends up and what's the next phase for the boat," he said.

Over the years its owner has been keeping a watchful eye on it just a matter of metres away, across the Brooker Highway from his Montrose home of more than 70 years.

"He's always been there. He'd open the blinds in the morning in the kitchen and look out the window and there's the boat," son Colin said.

"It's always been a part of his life."

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The owner of a $3.4 million Lamborghini yacht screamed 'I will kill you' and threw $100 bills into the water when told he couldn't use a private dock

• The owner of a Lamborghini yacht threatened a private dock employee, per CBS8.
• The employee said Ajay Thakore mooned and threw cash at him after being told he couldn't use the dock.
• Thakore, the CEO of Doctor Multimedia, issued an apology through his public relations team.

The owner of a $3.4 million Lamborghini yacht threatened a private dock employee after being told he couldn't be there, the San Diego-based broadcaster CBS8 reported on March 11.

Joseph Holt, a 21-year-old employee at Marriot Marina in San Diego, told CBS8 that he spotted the yacht sailing into the private dock. The owner, whom CBS8 identified as Ajay Thakore, tried to pick another person up at the dock, Holt said.

"I told him respectfully that he couldn't be there, and I honestly was hoping to have a conversation with him about his cool boat," Holt told CBS8.

In a YouTube video posted by @SM-wc9eq on March 10, a dark blue Tecnomar for Lamborghini 63 is seen sailing out of a dock. A man in a gray T-shirt, a pair of jeans, and a cap was shown standing on the yacht. The man appeared to be Thakore, per CBS8.

Thakore was shown shouting at Holt. "I will kill you, you know I will kill you!" he can be heard saying multiple times in the video

Thakore was later shown pounding his fist on his palm and pointing his thumb down before telling Holt: "To your face!" Holt was shown responding by pointing his middle finger at Thakore.

"I really was trying to restrain myself from getting fired from my job or stepping out of line. The only thing I did was give him the bird," Holt told CBS8.

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Holt said Thakore then took $100 bills from his wallet and threw them at him. He added that Thakore mooned him. This exchange was not shown in the video.

"He was saying I'm nobody, I'm nothing, I work a silly job. He said that he knows people, he has connections, he can change my life and ruin it," Holt said. Holt did not immediately respond to Business Insider's request for comment.

The San Diego Harbor Police arrived at the marina 10 minutes after Thakore's yacht exited the dock, per CBS8.

The Harbor Police told Business Insider that Holt decided to press charges against Thakore and that they are investigating the incident.

According to Thakore's LinkedIn page , he's the CEO of Doctor Multimedia. The company's website shows that it's a healthcare marketing firm based in San Diego. Thakore appears to go by the name Ace Rogers on Instagram and TikTok, where he's noted as being a professional gambler.

Thakore, through his public relations team, told CBS8 in a statement that his altercation with Holt was "regrettable."

"What started as a minor misunderstanding escalated into an argument, and I apologize for my actions and to those who witnessed the unfortunate exchange," the statement said. Thakore did not immediately respond to a request for comment from BI.

Thakore isn't the only CEO who's been called out for threatening another person. In November 2021, an Activision spokesperson told BI that its ex-CEO Bobby Kotick had previously apologized for telling his assistant he would have her killed. The spokesperson added that Kotick's threat was "obviously hyperbolic and inappropriate" and that "he deeply regrets the exaggeration and tone."

In June 2020, Lisa Alexander, the CEO of LaFace Skincare, a cosmetics company, apologized in a statement to the media after she had threatened to call the police on her neighbor for writing "Black Lives Matter" on his property. Alexander said in the apology that she was "disrespectful" and "should have minded my own business."

March 21, 2024: This story has been updated with Harbor Police's comments.

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