The expectations and responsibilities placed on Captains has increased, OnlyCaptains recognised this and has launched the first Executive Search and Command Mentoring service for Yacht Captains. The success of a yacht and the ownership experience relies heavily on the competencies and character of the Captain, but how does an Owner effectively recruit and retain the […]
The quality of captain, officers and crew and, the onboard experience is, without doubt, key to the success of a superyacht and this can only be achieved with the right manning levels which, unfortunately, have not kept pace with the advances made in the rest of the industry.
It is without doubt that we have seen some significant improvements in employment of yacht crew over the last decade or so and, on the whole, they fare very well compared to many working on commercial ships. Unfortunately, disputes still do arise and, if it cannot be resolved amicably, legal action may be necessary.
I suspect most readers will either have direct experience or, heard stories about, yacht owners who have had a bad experience for various reasons such as a yacht that didn’t meet their expectations, issues with crew and, financial shock…
Whenever I talk to owners and clients, the subject running costs and budget always comes up. I always advise it is the fundamental tool for measuring the finances of the yacht but, like fine art, requires careful crafting and curation to be of value, and a caveat – there is no ‘one size fits all’ model.