Go Back   Cruiser Log World Cruising & Sailing Forums > Cruising Forums > General Cruising Forum
Cruiser Wiki Click Here to Login

Join Cruiser Log Today

Reply
 
Thread Tools Search this Thread Display Modes
 
Old 01-26-2006, 03:13 AM   #1
Ensign
 
Join Date: Jan 2006
Posts: 7
Default new to sailing, have some questions.

hi there new to the boards have some questions

well im working on getting my 100 ton master and i want to start working as a captain on a chartered yacht. as soon as i have enough money i plan on putting a down payment on a 100 ft luxury yacht. once it is built i would like to charter it through a charter managment company. this will be my home and i will be on it all the time, do you think the charter company will allow me to be the captain aslong as i have all the necessary licencing ect?

also:

1)how much demand is their for chartered yachts?

2)will i beable to support the cost of the boat/insurance?

3)how hard will it be to find a company in need of a 100ft yacht to charter?

4)is this a smart investment or am i going to end up bankrupt once everything is said and done?

5)does anyone here chrter their boat or know anyone who does i would like to hear what they thought of the experience

6)how much money can you make anually by chartering a 100ft luxury yacht?

any input would me much appretiated, reliable info on this subject is scarce and i need to find answers to these questions before i move forward

thanks alot

-Phil
__________________

__________________
phil4321 is offline   Reply With Quote
Old 01-26-2006, 11:42 AM   #2
Admiral
 
JeanneP's Avatar
 
Join Date: Jul 2004
Posts: 2,098
Default

I can't answer any of those questions, and I'm not sure what person frequenting this, or other cruising boards, would have the information you are seeking.

I would suggest that you visit the big boat shows, where luxury yachts of this size are promoted. the Ft. Lauderdale boat show, the Miami Boat show, ???

I've seen these luxury yachts, and I've always wondered what the upkeep must be on top of the carrying charges for the purchase of a multi-million dollar yacht - professional crew, berthing, maintenance, booking. I've met a few professional skippers of luxury yachts, been on smaller ones than you're considering, and the skipper and crew attended a mariner's school (I don't know at this time its name or location).

It seems to me that it would be necessary to have worked in that venue as skipper for somebody else to gain the experience you would need to run your own business. Or, do you have that experience already?

Interesting question you've posed to this board.
__________________

__________________
In 1986 we went cruising for a few years. After 20 years and 50+ countries and several oceans, we are STILL "cruising for a few years".

SY WATERMELON |
MV WATERMELON (New) | Cruiser's Dictionary, free ebook

= Cruiser's Dictionary, North America,
JeanneP is offline   Reply With Quote
Old 01-26-2006, 10:52 PM   #3
Ensign
 
Join Date: Jan 2006
Posts: 7
Default

ya this is real hard info to come by, that is a good idea to go by a boat show though, i will definatly do that, as for upkeep on the boat thats why i want to charter it becaue they will pay for all or most of any repairs or upkeep involved wiht owning the boat.
__________________
phil4321 is offline   Reply With Quote
Old 01-27-2006, 04:18 PM   #4
Rear Admiral
 
Swagman's Avatar
 
Join Date: Sep 2005
Posts: 349
Default

Ever ownder Why large corporates do not operate charter fleets of big yachts? If such chartering actually made money - you can be sure they would.

The reality is most large yachts are offered for charter to help offset the running costs of the boat for its true owner - and indeed by running via a 'charter' company - he possibly also gets tax breaks.

I've a pal who skippers a 90 footer well known race boat / cruiser and he has a great life charging around the globe. When his yacht is offered for 'charter' it is priced at $20,000 per week - but practically in 3 years he's only had one set of charter guests (apart from owner) and even then, he believed they were somehow connected to the owner.

But these are only my opinions as I've never owned a charter yacht - but my gut feeling says if you want to do it to make money, then dream on...........

JOHN
__________________
Boring blog at https://www.yotblog.com/swagman
Swagman is offline   Reply With Quote
Old 01-27-2006, 04:23 PM   #5
Rear Admiral
 
Swagman's Avatar
 
Join Date: Sep 2005
Posts: 349
Default

[quote]Originally posted by Swagman

Ever wonder why the large corporates do not operate charter fleets with big yachts? I believe you'll find it is because they don't actually make money doing so.

In my experience most large yachts are offered for charter to help offset the running costs of the boat for its real owner. Indeed, running a boat under a 'charter' company can create tax breaks.

But I've an acquaintance who skippers a 90 footer well known race boat / cruiser. He has a great life charging around the globe driving this other guys boat. When the yacht is offered for 'charter' it is priced at $20,000 per week - but in 3 years - he's only had one set of charter guests (apart from owner) and even then, he believed those guests were somehow business related.

I'm really not sure how serious you are about your plans, but if you need to make money out of chartering to complete them - suggest it might not be the right path to take.

Good Luck

JOHN
__________________
Boring blog at https://www.yotblog.com/swagman
Swagman is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
More Questions? Tailwalker The Poop Deck 7 10-15-2009 08:21 AM
Questions About Sailing Hawaii To Portland, Or TravisR General Cruising Forum 11 12-07-2007 11:13 PM
Questions To Ask Mike Krebs General Cruising Forum 1 03-04-2007 06:18 AM
Questions on sailing gear across the Atlantic! smulan General Cruising Forum 1 11-18-2005 06:30 PM
new here and a few questions Paul Rutgers General Cruising Forum 9 06-29-2005 10:38 PM

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

RV & Travel Trailer Communities

Our RV & Travel Trailer sites encompasses virtually all types of Recreational Vehicles, from brand-specific to general RV communities.

» More about our RV Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities


All times are GMT. The time now is 05:35 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0
×