extended in some cases, to every four to six years - this obviously has a knock on effect to the business. “The other big change is the way quotes are produced. In the past we were expecting to compete with local companies, now we are competing on a global level. Clients will now get numerous quotes from numerous locations - this has forced us to become even more competitive and more efficient in the way we work.” He added: “Nevertheless, despite this change in approach, the refit market remains strong.” When highlighting other changes in the market, Rupert also noted that there is now a global approach to sourcing services, and GYG’s clients can be from all around the world. He mentioned that new clients are demanding different technologies: “In reference to paint, many clients are looking for something visually different with custom colours or unusual metallic or pearlescent paint systems,” he said. The environment is also increasing in importance to clients, and both Rolling Stock and Pinmar companies work in accordance to ISO standards 14001 and 9001 in reference to environmental and quality management. “Green issues are now very important,” Rupert confirmed. “Rolling Stock were the first
yacht painting company to achieve both ISO 14001 and ISO 9001, and through our scaffolding and tenting company, Technocraft, we are able to offer complete containment and assure the best environment for our works. This means optimal quality is achieved while looking after the environment.” The heady years leading up to 2008 in the superyacht market will probably never be seen again, but it seems that today there are still those out there looking to purchase a new superyacht or have their existing vessel brought up to spec. The Chinese market continues to grow in significance and as legislation increases and technology develops, it seems likely the refit market will continue to successfully find ways of making older vessels like new. v
www.globalyachtinggroup.com
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