Superyachts absent for America’s Cup due to COVID-19

With just days to go until the start of yachting’s Prada Cup, the number of superyachts visiting New Zealand is well down on previously anticipated numbers due to COVID-19, reports Radio New Zealand (RNZ). The Royal New Zealand Yacht Squadron told RNZ that the economic impact could be huge.

Superyachts wanting to come into New Zealand for the America’s Cup can only enter under a special exemption, provided they have at least $50,000 (c.€41,000) to spend on refits and repairs.

The commodore of the Royal New Zealand Yacht Squadron, Aaron Young, said this has meant the America’s Cup had taken a hit. “COVID has probably reduced impact by around two thirds,” Young said.

There were originally around 140 expressions of interest for superyachts to attend, now the amount coming will be fewer than 40, said RNZ.

Young said it hadn’t been easy to convince the authorities about the economic benefit of letting in superyacht owners, but some are already spending ‘big’ on repairs and refurbishments.

Young described one yacht owner who was spending $20 million (c.€16.5 million) on a new tender for their yacht.

“There are some significant dollars, they don’t just come here and sit on the dock and pay the dock fees,” Young added.

Robbie Young, from sailing manufacturer Harken New Zealand, told RNZ that each boat would usually spend between $50,000 and $100,000 (c.€41,000 and €82,000) a month while at the cup, and that business had disappeared over the last year.

He estimated Harken has lost around $2 million (c.€1.5 million) in revenue and was disappointed the government hadn’t followed through on promises to let in yachts.

Subscribe to our newsletter to get the best of Yachting Pages delivered to your inbox every month.


Source: Marine Industry News

Yachting News
March 12, 2021
Tried & Tested: Best Yacht Crew Polo Shirts
Tried & Tested: Best Yacht Crew Polo Shirts

In this Tried & Tested, yacht bedding specialist Sea Design conducts a review into the best duvets, quilts and pillows on the market. It tests a series of leading products to work out the best yacht bedding money can buy.

By Nathan Bees
January 21, 2021
Tried & Tested: Best Yacht Cleaning Products
Tried & Tested: Best Yacht Cleaning Products

In this Tried & Tested, yacht cleaning expert Marine 16 Ltd and cleaning expert Judith Shaw rate and review some of the best cleaning products available to buy. Find out which product was crowned the best following rigorous testing.

By Yachting Pages
January 13, 2021
Tried & Tested: Best Water Toys
Tried & Tested: Best Water Toys

In our brand new Tried & Tested, yacht water toy specialist EAMS and a group of experienced superyacht captains and crew rate and review the very best luxury water toys on the market. Find out which brand and product was crowned the best...

By Nathan Bees

Finished reading? Now find your perfect supplier.

Search our industry-leading directory for over 20,000 superyacht suppliers, providers and marinas.

Search now