By Michael C. Galati
At Galati Yacht Sales, we continually strive to learn more and educate our team about large yacht production, both in the states and abroad. Recently, I had an opportunity to visit the Genoa Boat Show in Genoa, Italy. The Italian Trade Agency invited the FYBA to assemble a delegation of members to travel to Genoa. Thirteen FYBA members, including myself, had the opportunity to see first hand the improvements made to the Genoa show. Our host, UCINA (The Italian Yacht Manufacturers Organization) organized tours of yachts, including the new 50-meter Wider, which uses diesel-electric propulsion for efficiency. We also participated in B2B meetings in a “speed dating” atmosphere, where we collaborated with the Italian manufacturer’s to see what business relationships could be created. In addition to building these relationships with the Italian manufacturers, the trip offered great camaraderie among the attending FYBA members. Members shared ideas and practices and other discussions on how we can help one other in our businesses and make improvements to the yachting industry in Florida. It was a great trip and I 'd like to extend my gratitude to the Italian Trade Agency and the FYBA for the amazing experience.
After departing Italy, I headed to Monaco for the Monaco Yacht Show. This incredible event, held in a country that is less than a square mile, is something you have to see to believe! Monaco is a beautiful country and the Yacht Show is a first class event.
The combined length of the 121 yachts on display was 3 1/2 miles with an average length of 47 meters (154ft) The yachts have been built in no less than 16 different countries by 68 different shipyards and have a combined value near $3 Billion.