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Marina Services & Fees in the Eastern Caribbean. Presented by Bob Hathaway Manager of The Marina at Marigot Bay Saint Lucia. Manager of The Marina at.

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Presentation on theme: "Marina Services & Fees in the Eastern Caribbean. Presented by Bob Hathaway Manager of The Marina at Marigot Bay Saint Lucia. Manager of The Marina at."— Presentation transcript:

1 Marina Services & Fees in the Eastern Caribbean

2 Presented by Bob Hathaway Manager of The Marina at Marigot Bay Saint Lucia. Manager of The Marina at Marigot Bay Saint Lucia.

3 Presented by Bob Hathaway Director of the Saint Lucia Hotel and Tourism Association – responsible for Yachting & Maritime Issues Director of the Saint Lucia Hotel and Tourism Association – responsible for Yachting & Maritime Issues

4 Presented by Bob Hathaway Director of the Soufriere Marine Management Association Director of the Soufriere Marine Management Association

5 Presented by Bob Hathaway Vice- President of the Caribbean Marine Association Vice- President of the Caribbean Marine Association

6 Bob Hathaway Trained as a Naval Architect Trained as a Naval Architect

7 Bob Hathaway Trained as a Naval Architect Trained as a Naval Architect In Marine Industry for 25 years In Marine Industry for 25 years

8 Bob Hathaway Trained as a Naval Architect Trained as a Naval Architect In Marine Industry for 25 years In Marine Industry for 25 years Builder of Classic yachts Builder of Classic yachts

9 Bob Hathaway Trained as a Naval Architect Trained as a Naval Architect In Marine Industry for 25 years In Marine Industry for 25 years Builder of Classic yachts Builder of Classic yachts & Military Craft & Military Craft

10 Bob Hathaway Trained as a Naval Architect Trained as a Naval Architect In Marine Industry for 25 years In Marine Industry for 25 years Builder of Classic yachts Builder of Classic yachts & Military Craft & Military Craft First Arrived in the Caribbean 11 years ago First Arrived in the Caribbean 11 years ago

11 Bob Hathaway Trained as a Naval Architect Trained as a Naval Architect In Marine Industry for 25 years In Marine Industry for 25 years Builder of Classic yachts Builder of Classic yachts & Military Craft & Military Craft First Arrived in the Caribbean 11 years ago First Arrived in the Caribbean 11 years ago By Yacht By Yacht

12 Summary 7 Islands 7 Islands 35 Marinas 35 Marinas 2,800 Berths 2,800 Berths Yachts from 16 ft to 650 ft Yachts from 16 ft to 650 ft from 5 metres to 200 metres. from 5 metres to 200 metres.

13 US Virgins 2 Marinas 2 Marinas 174 Berths 174 Berths Maximum Yacht Size 650 ft / 200 metres Maximum Yacht Size 650 ft / 200 metres

14 British Virgin Islands 6 Marinas 6 Marinas 512 Berths 512 Berths Maximum Yacht Size 300 ft / 90 metres Maximum Yacht Size 300 ft / 90 metres

15 Saint Martin / Sint Maarten 12 Marinas 12 Marinas 897 Berths 897 Berths Maximum Yacht Size 360 ft / 110 metres Maximum Yacht Size 360 ft / 110 metres

16 Antigua & Barbuda 5 Marinas 5 Marinas 360 Berths 360 Berths Maximum Yacht Size 350 ft / 107 metres Maximum Yacht Size 350 ft / 107 metres

17 Saint Lucia 2 Marinas 2 Marinas 275 Berths 275 Berths Maximum Yacht Size 285 ft / 85 metres Maximum Yacht Size 285 ft / 85 metres

18 Saint Vincent & The Grenadines

19 Grenada 7 Marinas 7 Marinas 457 Berths 457 Berths Maximum Yacht Size 300 ft / 90 metres Maximum Yacht Size 300 ft / 90 metres

20 Trinidad & Tobago 1 Marina 1 Marina 68 Berths 68 Berths Maximum Yacht Size 200 ft / 60 metres Maximum Yacht Size 200 ft / 60 metres NB 3 Major Dry Storage Yards NB 3 Major Dry Storage Yards

21 The Extremes MOST EXPENSIVE BERTH MOST EXPENSIVE BERTH –US$5215.20 (Euro 4.172,16) per night –For a 200 metre yacht at Yacht Haven Grande,USVI CHEAPEST BERTH CHEAPEST BERTH –US$12.00 (Euro 9,60) per night –For a 12 metre yacht in Prickly Bay Marina, Grenada.

22 Basis of the Study As far as possible data was obtained from Marinas directly As far as possible data was obtained from Marinas directly Some data obtained from the Internet Some data obtained from the Internet Assumptions were avoided as far as possible Assumptions were avoided as far as possible Some rates had to be calculated from data supplied Some rates had to be calculated from data supplied The whole study will be fed back to all contributors, to them, many thanks. The whole study will be fed back to all contributors, to them, many thanks.

23 The Yachts A Cross Section of Typical Yachts was used: A Cross Section of Typical Yachts was used: –A 40 ft / 12 metre monohull sailing yacht typical of the local cruising market –A 46 ft / 14 metre catamaran, typical of the bareboat charter market –A 65 ft / 20 metre monohull yacht, typical of the higher end cruising market –A 130 ft / 40 metre monohull motor yacht – a mid- range Megayacht

24 Calculation Rates were calculated per night for each yacht type for the following periods: Rates were calculated per night for each yacht type for the following periods: –The High Season between December & May For daily visitor berthing For daily visitor berthing For monthly storage berthing For monthly storage berthing –The Low Season between June & November For daily visitor berthing For daily visitor berthing For seasonal storage berthing For seasonal storage berthing –The complete year for permanent berthing.

25 The Results The complete spreadsheets of data, expressed in US Dollars and Euros are in your information pack The complete spreadsheets of data, expressed in US Dollars and Euros are in your information pack The spreadsheet is too big to read on the screen! The spreadsheet is too big to read on the screen! The highlights follow… The highlights follow…

26 Range of Berthing Fees For the 40 ft / 12 metre yacht, the least expensive berth cost: For the 40 ft / 12 metre yacht, the least expensive berth cost: –US$12.00 (Euro 9,60) per night in the low season at Prickly Bay marina, Grenada And the most expensive berth cost: And the most expensive berth cost: –US$110.00 (Euro 88,00) per night as a high season visitor at Yacht Haven Grande in the USVI

27 46 ft (14 metre) Catamaran Pricing Policies for Multihulls vary significantly between no additional charge to double rates. Most common is a 50% surcharge on monohull rates. Pricing Policies for Multihulls vary significantly between no additional charge to double rates. Most common is a 50% surcharge on monohull rates. Least Expensive berth: Least Expensive berth: –US$ 19.78 (Euro 15,82) Secret Harbour Grenada Most Expensive berth: Most Expensive berth: –US$ 128.80 (Euro 103,04) Simpson Bay Marina, Sint Maarten.

28 65 ft (20 metre) Monohull The Least Expensive Berth: The Least Expensive Berth: –US$26 (Euro 20,80) at Catamaran Marina, Antigua The Most Expensive Berth: The Most Expensive Berth: –US$256.75 (Euro 205,40) at Yacht Club Costa Smeralda in the British Virgin Islands

29 130 ft (40 metre) Megayacht The range of price is even more dramatic! The range of price is even more dramatic! The Least Expensive Berth: The Least Expensive Berth: –US$ 52 (Euro 41,60) at the Catamaran Marina, Antigua The Most Expensive Berth: The Most Expensive Berth: –US$ 1007.50 (Euro 806,00) at Yacht Haven Grande, USVI and Isle de Sol, Sint Maarten.

30 Causes of Price Variation Geographical Location – Market Geographical Location – Market Geographical Location – Hurricane Season Geographical Location – Hurricane Season High vs. Low Season High vs. Low Season On-Island Competition On-Island Competition Inter-Island Competition. Inter-Island Competition.

31 Overall Ranking High Season

32 Overall Ranking Low Season

33 Questions??? Many thanks to you all Many thanks to you all Goodbye Goodbye


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