It may be a magnet for ocean-going excess, but the Monaco Yacht Show is becoming an increasingly precious jewel in the fight to save our seas.
The luxury shop window for mega yachts and boating bling opens with a glitzy gala dinner and charity auction, which raised over $27 million for marine conservation projects carried out by the Prince Albert II of Monaco Foundation.
GYG Plc (LON:GYG) is the market leading superyacht painting, supply and maintenance company, offering services globally through operations in the Mediterranean, Northern Europe and the United States. The Company’s brands include Pinmar, Rolling Stock, Pinmar Supply, Pinmar USA, Techno Craft and ACA Marine. GYG’s operations can be divided into three key sales channels:
· Refit: repainting and finishing of superyachts, normally as part of a refit programme. Revenues also include scaffolding and containment work;
· New Build: fairing and painting of new vessels as part of the build process; and
· Supply: selling and delivery of maintenance materials, consumables, spare parts and equipment primarily to trade customers.