News & Insights

Potential tax liability for Italian new build yachts

Potential tax liability for Italian new build yachts

Commissioning a new yacht can be an exciting time however before signing up to their dream build, prospective owners should step back and consider how best to contract with the shipyard. Security for an owner is critical during the construction of a new yacht, as...

Sarnia Yachts acquisition by Praxis completes

Sarnia Yachts acquisition by Praxis completes

 Global private wealth and corporate services provider Praxis has completed the acquisition of Sarnia Yachts. The deal, which was initially announced in mid-May, adds a diverse range of services, including yacht ownership, yacht management, crew management, yacht...

Sarnia Yachts acquisition by Praxis completes

 Global private wealth and corporate services provider Praxis has completed the acquisition of Sarnia Yachts. The deal, which was initially announced in mid-May, adds a diverse range of services, including yacht ownership, yacht management, crew management, yacht...

Crew Portal

In recent months, Sarnia Yachts have developed new technology which allows clients to run their luxury asset efficiently and effectively. This ultimately results in a smooth operation for our owners so they can get the most satisfaction from their investment. The Crew...

Malta Social Security Rates 2023

EU Regulation 883/2004 states that seafarers who are either citizens or residents of the EU/EEA or Switzerland and, who are employed on board a vessel flying the Malta flag, must be insured under Malta’s Social Security system. For non-EU citizens/residents, there is...

Not all food hygiene courses are created the same!

It's often said that the food served can make or break the charter. Undoubtedly this can put a lot of pressure on a yacht’s chef and supporting galley staff to perform at their best and provide guests with an experience they will never forget. Of course, this isn't...

Crew Quarantine – What We’ve Learned

The COVID-19 pandemic has had an unprecedented impact on every aspect of the global economy, and particularly the yachting industry which is heavily reliant on the crew employed and air travel to get them to where they need to be. Restrictions around the world are now...

Keeping Crew Safe and Alert: Latest Crew Rest Regulations from Cayman

The Cayman Islands Shipping Registry published a Guidance Note this month regarding Seafarer’s Rest and Fitness for Duty. This Guidance Note reiterates the compulsory hours of work and rest as noted in the STCW code. These are generally achievable on larger yachts...

Sarnia Yachts Portal

We are very excited to introduce our new Portal, created to help our clients manage their yachts more effectively. The Sarnia Yachts Portal is an in-house software solution providing a simple, user-friendly platform which enables Captains, Owners and Owner’s...

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