SYBAss’ activities

revolve around three primary fields of interest: promotion, regulation and professionalism.

SYBAss provides structures and processes that enable member shipyards to get more out of their business environment.
Strategic intelligence

SYBAss compiles an Annual Statistics Report and distributes it among members to provide objective industry intelligence. The report contains information on the number of superyachts delivered over the past year and the number currently under construction. Trends in size, type and build material are identified and further described.

SYBAss also publishes an Annual Economic Report in close cooperation with the Boston Consulting Group, providing members with information on the world economy, developments in global wealth levels and their geographic distribution, and, most importantly, the status of their target audience: the Ultra High Net Worth Individuals.

These SYBAss reports provide exclusive information that underlies the individual strategic decisions made by SYBAss members.

Standardisation

Maturing industries increasingly require improved and standardised processes in order to reduce errors and set minimum quality levels that clients can expect. With the establishment of the ISO Technical Committee (TC) 8 – Subcommittee (SC) 12 in 2006, the large yacht industry was given its own ISO subcommittee. By actively participating in the various working groups of this subcommittee, SYBAss and its member shipyards cooperate with industry partners to develop large yacht standards for improved professionalism in the superyacht industry, primarily in the fields of coatings, equipment, safety and design.

Qualifications

In our aim to elevate the level of professionalism throughout the superyacht industry, professional training and qualifications play a vital role in achieving this.

SYBAss therefore participates in the development of qualification programmes to further professionalise the industry. An example is the registered marine coatings inspector course, co-developed with and organised by the International Institute of Marine Surveyors (IIMS) in the UK. The course aims to educate coatings inspectors, who often have experience with other maritime vessels, on the specifics of the superyacht coatings processes, the high-end finish requirements and the standard way of report writing. Both shipyards and clients benefit from more knowledgeable inspectors, who are better placed to prepare, manage and assess the coatings process. For certified RMCI inspectors and more information about the course see www.rmciinspectors.com.

SYBAss also supports the GUEST programme of the Professional Yachting Assocation (PYA), recognising as we do that the first-class yachts built by our members are only enjoyed to their full potential when operated by a first-class crew. These Guidelines for Unified Excellence Service Training (GUEST) provide an international standard curriculum for professional interior crew training.

Studies

A mature industry has an accurate picture of its size, value and impact, and is able to present these numbers for advocacy purposes. The superyacht industry is starting to recognise this need, thanks in part to examples from research conducted by SYBAss on behalf of its members.

In 2010, SYBAss commissioned a study to determine a Compensated Gross Tonnage (CGT) factor for superyachts. Conducted by the renowned Delft University of Technology in the Netherlands and verified by the University of Genoa in Italy, this indicator to measure the amount of work that goes into the construction of a vessel was determined for superyachts. The result offered scientific proof of a point which the superyacht industry had been trying to bring across for some time and is now being used to change the perceptions of experts active in other maritime industries as well as regulatory organisations. The study showed that the CGT factor for superyachts is substantially higher than for passenger vessels, with which superyachts are often lumped together. The report is publicly available here.

SYBAss is currently conducting a global economic impact study in cooperation with the highly respected Department of Spatial Economics at the VU University of Amsterdam. This study will analyse the importance of the superyacht industry in three main sectors: 1) construction, 2) operations and 3) maintenance and refits. Unfortunately, a shortage of data is causing delay; SYBAss will not publish the results until the findings are scientifically reliable enough.