Phuket International Boat Show: the show of choice for regional launches

[Lite Beer]

Phuket International Boat Show: the show of choice for regional launches

PHUKET, Thailand – Phuket International Boat Show (PIMEX), the leading consumer boat show in Asia, is the Show of choice for new boats, brands and product launches. Leading boat brands from around the world have chosen to debut their latest models in the Asia and Thailand marketplaces at PIMEX 2015, held 8th to 11th January at Royal Phuket Marina.

“We are seeing more boats, luxury brands and products choosing PIMEX as the platform to launch into Thailand and Asia. This year we have boats from Sanlorenzo, Wider Yachts, Princess Yachts, Gulf Craft, Monte Carlo and Custom Line all making their debut in Thailand, and for some, Asia,” said Mr. Andy Dowden, PIMEX Show Director.

According to The Wealth Report 2014, the number of ultra-high net worth individuals in Thailand grew by 147 percent between 2003 and 2013, and is expected to grow another 52 percent by 2023, offering a promising outlook for the country’s yacht market. On the back of this, Gulf Craft – one of the world’s leading superyacht-building shipyards – is launching their Oryx 42 into Thailand and their Gulf Craft Majesty 48 into Asia at the Phuket International Boat Show.

“PIMEX is one of Asia’s premier boat shows, both in terms of how well it is produced and how well it succeeds in attracting top calibre attendees,” said Mr. Erwin Bamps, CEO of Gulf Craft. “For Gulf Craft, our participation in the event is pivotal to bringing our line-up of luxury vessels to the forefront of Thailand’s increasingly affluent boating community, and to being an active participant in Asia’s thriving maritime industry.”

Debuting at PIMEX this year is the Ferretti Custom Line brand of yachts. Part of the Ferretti Group, the Ferretti Custom Line NEXT 112 is the largest boat in the Show and is part of a four boat display by Thailand dealer Lee Marine, who having exhibited at PIMEX every year since the show's beginning 12 years ago, see the value of the Show as a regional marketing platform.

Other new boats in the Show this year include Monte Carlo Yachts. Launched into Asia last year, PIMEX 2015 is the first time Monte Carlo Yachts are in-the-water and through local dealer Simpson Marine have a strong presence at the Show.

The first solar-assisted luxury catamaran, Heliotrope 65, is also debuting at PIMEX as is the made-to-measure Sanlorenzo brand who are present with the Sanlorenzo 72 presented by their Thailand dealer Derani Yachts.

Princess Yachts, represented by Boat Lagoon Yachting, have an impressive line-up of seven motor yachts ranging from 42 to 88-foot in the Show. The group have chosen PIMEX as the Asian premier for the all new Princess 68 – an exciting departure from Princess-convention with a galley-aft arrangement on the main deck – and are also showcasing a new Princess 64 which is dedicated for the charter market. Also launching into Thailand at the Show is the Princess 88, the star of the Princess Yachts line-up.

Speaking of their large presence at this year's PIMEX, Rico Stapel, Charter & Marketing Manager said: “PIMEX is a key part of our marketing strategy and we have chosen to launch a number of new models to both the Thai and Asian marketplaces here at the Show. Following a busy first day, the feedback has been very encouraging and we look forward to showcasing Princess Yachts to the large international demographic that PIMEX attracts.”

In addition to their presence at the Show with Princess Yachts, Boat Lagoon Yachting have recently been appointed sole distributor for Wider Yachts in Thailand, Singapore and Indonesia, and the Wider 32 is presented for the first time in Asia.

Other business that have chosen to showcase at PIMEX for the first time, and to launch their products into Thailand's luxury marketplace include Quadski – high speed amphibious vehicles that operate on land and water – Markagain – a platform from Italy for the management and resale of pre-owned luxury assets such as yachts, luxury cars, real estate and more – and Archi Studio – specialists in architectural design and building materials using advanced technology.

Thailand's ultimate luxury lifestyle show, PIMEX, has proven to be the Asian event of choice in for successful regional launches by global brands.

For more details, visit www.phuketboatshow.com or www.facebook.com/PIMEXPhuketInternationalBoatShow.

[phuketjock]

I guess one boring thread about the Phuket boat show is not enough, looks like PIMEX is

too tight to actually pay for advertising perhaps the apparent rich are not so rich??

The majority of the people in Phuket, or Thailand for that matter, have neither the money

nor the interest in expensive toys such as these.

[KarenBravo]

It's the rich Asians that fly in from Malaysia, Hong-Kong and Singapore that put in orders.

[Ace of Pop]

Also the perfect time for the Old Retired who Missed the Boat to whinge about Rich Folks,Rolex and Range Rovers.

[hansgruber]

It's the rich Asians that fly in from Malaysia, Hong-Kong and Singapore that put in orders.

Exactly.

The show might not sell one boat but it's full of Asians from the region.

The boats there are just for show, the orders come later.

Buying a boat in Thailand is cheaper than anywhere in the region. There is no luxury boat tax here. Try buying the same boat in Hong Kong or Singapore and youll see why they buy and moor here.

Also the black money can be hidden away from there prying government.

[Shot]

I bought this beauty this morning. Still trying to give her a name. Any ideas?

[fester the benevolent]

I bought this beauty this morning. Still trying to give her a name. Any ideas?

m/v Elegance of the Seas

[gerry1011]

This is the one on show that you can buy for 430,000.000 (baht).

Not my favorite on the market though... (It's already a few years old).

[gerry1011]

It's the rich Asians that fly in from Malaysia, Hong-Kong and Singapore that put in orders.

Exactly.

The show might not sell one boat but it's full of Asians from the region.

The boats there are just for show, the orders come later.

Buying a boat in Thailand is cheaper than anywhere in the region. There is no luxury boat tax here. Try buying the same boat in Hong Kong or Singapore and youll see why they buy and moor here.

Also the black money can be hidden away from there prying government.

Speaking about taxes, there is indeed no more luxury tax on yachts in Thailand, which is very interesting.

Also, it is still easy to find a berth, while in places like Hong Kong you would look for a berth before to look for a boat.

However, if you register your boat in Thailand there is a 7% tax.

If you are tax allergic, better register in Langkawi... then it drops to 0%.

[gerry1011]

Another boat for sale (2,650.000€), Langkawi registered... No tax

It's shopping time

This year show has many nice toys to chose from.

[hansgruber]

I don't see the appeal of a boat that big. You hemmorage money for a floating little apartment that gets used sparingly.

[gerry1011]

I don't see the appeal of a boat that big. You hemmorage money for a floating little apartment that gets used sparingly.

It takes a lot of money to maintain but it is still appealing to many people.

It is a hobby, so it certainly does not make "financial sense" when you own one, but gives lots of pleasure.

Personally I think it is just as great as other hobbies... expensive or not.

And these are beautiful machines too...

[LivinginKata]

I don't see the appeal of a boat that big. You hemmorage money for a floating little apartment that gets used sparingly.

I agree. I guess if you have so much money that you really don't know how to spend it, or have a big tax deduction, then why not just spend a million bucks or more and accept the annual costs.

Took the wife to the show this afternoon. A big yawn for me, plus the wife wanted to looked on those big boats. I pointed out all the 'by reservation' signs and told her to go talk to one of the sales desk for a look. She bottled out fast. I suppose I could have spun a yarn and got her on board, but I would never have got the sales people off my phone or email.

[gerry1011]

I don't see the appeal of a boat that big. You hemmorage money for a floating little apartment that gets used sparingly.

I agree. I guess if you have so much money that you really don't know how to spend it, or have a big tax deduction, then why not just spend a million bucks or more and accept the annual costs.

Took the wife to the show this afternoon. A big yawn for me, plus the wife wanted to looked on those big boats. I pointed out all the 'by reservation' signs and told her to go talk to one of the sales desk for a look. She bottled out fast. I suppose I could have spun a yarn and got her on board, but I would never have got the sales people off my phone or email.

Just think about all those yachts berthed in the 4 main Phuket marinas... It means that many people buy yachts and enjoy using yachts.

And there are a few more in the Krabi marina...

The biggest ones cannot enter Royal Phuket Marina (Where the show took place) because of the tide restrictions. It means that you (we) saw only the "smaller ones"...

Anybody remembers his favorite boat?

I loved the Azimut 64. Stunning interior.

[KarenBravo]

I subscribe to the "Two Good Days" theory of boat ownership..........

[gerry1011]

I subscribe to the "Two Good Days" theory of boat ownership..........

Me too.

The day of delivery makes you happy.

Then the day you sell makes you even happier... because you upgrade to a bigger boat

Absolutely true !

[hansgruber]

I subscribe to the "Two Good Days" theory of boat ownership..........

My father attested to that.

His happiest days were the first and the last.

[hansgruber]

I subscribe to the "Two Good Days" theory of boat ownership..........

Me too.

The day of delivery makes you happy.

Then the day you sell makes you even happier... because you upgrade to a bigger boat

Absolutely true !

If you want to judge the cost of boat ownership is to factor in the purchase price and it's about 10 to 20% of that per year.

So a 2 million pounds boat will cost you 100 to 200k pound a year to run and maintain.

Do you agree with that?

[LivinginKata]

I subscribe to the "Two Good Days" theory of boat ownership..........

My father attested to that.

His happiest days were the first and the last.

Not so sure. I have owned 2 boats. First, a 28 foot day cruiser/weekender in cold UK. Second a more serious 36 foot ketch blue water cruiser that I used as a live aboard for 8 years in the Med.

I enjoyed all the joys and problems. I did not have a limitless budget for maintenance and repairs. Took care of as much as possible myself. I enjoyed my many years on the water. Mixed sad and relieved when I sold. Would I buy again - yes, given a large budget and large annual income.

[gerry1011]

I subscribe to the "Two Good Days" theory of boat ownership..........

Me too.

The day of delivery makes you happy.

Then the day you sell makes you even happier... because you upgrade to a bigger boat

Absolutely true !

If you want to judge the cost of boat ownership is to factor in the purchase price and it's about 10 to 20% of that per year.

So a 2 million pounds boat will cost you 100 to 200k pound a year to run and maintain.

Do you agree with that?

It depends on the age of the boat but I would put it at something like that, yes.

Maybe not as much as 20% though. But certainly not less that 8% (In Phuket).

For a 3,3 million Euro boat, used in Phuket, reasonnably often, and with a full time crew of two, I would estimate the average cost of running it (and having much pleasure with it) at 8 to 12 million baht a year.

This varies mainly because of technical problems that may occur from time to time.

[ozyjon]

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I bought this beauty this morning. Still trying to give her a name. Any ideas?

If you get to sail it on the Mekong then christen her

"Shooting Target"

and don't forget to paint a bulls-eye to make it easier