yacht ownership singapore

How Much Does It Cost To Own a Boat or a Yacht in Singapore?

Cruising the seas on a yacht is the ultimate in luxury, as those folks with their very own super yachts berthed at Sentosa Cove’s marina would know.

Owning a boat is obviously not cheap the way a shopping spree at Daiso would be, but it does not have to cost millions either.

How much is a boat in Singapore?

Boats come in all shapes and sizes, and the prices can vary wildly. As with cars, a second hand boat costs significantly less than a brand new one.

Generally, prices cost from about $50,000 onwards for a second hand boat. On the other end of the scale, some of the biggest, fanciest yachts with spacious onboard living space can cost over a million bucks.

How much does it cost to berth your boat per month?

Wet berthing costs are generally in the $480 to $1,500 per month range, depending on location and the size of your boat. If you are getting a club membership in order to berth your boat, you might also receive other perks like use of the club’s gym.

Here are the available Marinas in Singapore:

• Marina @ Keppel Bay
• Marina Country Club
• One Degree 15
• Raffles Marina
• Republic of Singapore Yacht Club
• SAF Yacht Club Changi
• SAF Yacht Club Sembawang
• Changi Sailing Club

How to buy a boat in Singapore?

The easiest way is to approach a boat dealer. Dealers usually have a mixture of brand new and second hand boats for sale.

If you are not paying the full cost in cash, some boat dealers will offer their own loans if you are buying one of their boats. Alternatively, you can seek financing by taking out a personal loan .

Maintenance and repairs per month

Your maintenance costs will obviously depend on how frequently and intensively you use your boat. If you use your boat every weekend, you should budget at least $500 to $1,500 per month. This cost includes the cost of fuel and any repairs or replacements that must be made.

Other than mechanical checkups and maintenance, you should also take into account costs such as marina memberships fees, cleaning services and the price of getting your boating license if you do not already have one.

Insurance for a boat

Your boat insurance premiums will depend on factors such as boat model and size, as well as what your boat is being insured for. Most insurers will offer hull coverage, which protects the hull as well as the items attached to or kept and used on the boat, such as marine electronics.

Other features that might or might not be included are cleanup coverage in case of fuel spills, and removal of wrecks. You should also check the limits of the territory in which your boat is insured.

Be prepared to pay at least $1,200 a year for the most basic insurance plans.

How to get a boat licence in the first place?

In order to pilot a boat, you will need a Powered Pleasure Craft Driving Licence.

There are several organisations conducting courses (usually 2 or 3 days long) that will prepare you for the test, namely the following:

• SAF Yacht Club
• ONE15 Marina Club
• Singapore Police Force Aquatic Club
• Singapore Polytechnic
• Singapore Powerboat Association
• Water Venture Changi

To get your licence you will have to pass both a theory and practical test.

Set aside about $350 for the course fees, as well as about $190 for the tests and licence fee, assuming you pass on your first try.

Is a boat or yacht a liability or an investment in Singapore?

Like a car, a boat is a depreciating asset. You will be paying significant costs in order to operate and maintain it, and you are unlikely to be able to sell it at a much higher price than you got it for, unless you are undertaking major restoration or renovation works.

That being said, it is still possible to monetise your boat or yacht by renting it out. For instance, there is quite a bit of demand for weekend yacht parties in Singapore. This does take extra work though, as many yacht rental businesses provide not only a crew but also perks like champagne buckets.

Total cost of owning a boat for a year (minimum)

Thinking of buying a boat in Singapore? Share your questions in the comments!

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Fractional Yacht Ownership in Singapore

Yacht ownership in Singapore offers the ultimate blend of business or private pleasure.

Imagine azure seas with blue horizons, fine golden sandy beaches and  balmy days cooled by a refreshing sea breeze. Then add the simple joy of sunshine, as you impress your corporate clients, guests or family and friends with a truly wonderful and memorable day at sea, be it a networking social occasion or a very private celebration.

The choice is wide, you can just cruise for an hour or two visiting Singapore’s most beautiful nearby waterfront spots like Marina Bay, or make a weekend of it by taking your loved ones on a luxurious getaway cruise to the many regional islands.

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Your Ultimate Guide to Yacht Financing in Singapore

Have you ever dreamed of owning a yacht in Singapore? If so, you are not alone. According to a report by Wealth-X, Singapore has the highest density of ultra-high-net-worth individuals (UHNWIs) in the world, with 1,361 people who have more than US$30 million in assets. Many of these wealthy individuals are avid boaters who enjoy the luxury and freedom of sailing in the waters around Singapore and beyond.

Owning a yacht in Singapore has many benefits. You can escape the hustle and bustle of the city and enjoy the tranquility and beauty of nature. You can explore the nearby islands and destinations, such as Malaysia, Indonesia, Thailand, and the Philippines. You can also host parties and events on your yacht, impressing your friends, family, and clients. Moreover, you can use your yacht as an investment, renting it out to other boaters or chartering it for tourism and business purposes.

However, buying a yacht in Singapore is not a cheap affair. Depending on the size, model, and condition of the yacht, the price can range from hundreds of thousands to millions of dollars. Not to mention the additional costs of maintenance, insurance, registration, berthing, and crew. Unless you have a lot of cash on hand, you may need to look for alternative ways to finance your yacht purchase.

That’s where yacht financing comes in. Yacht financing is a type of loan that allows you to buy a yacht with a fixed or variable interest rate and a repayment period of several years. Yacht financing can help you achieve your dream of owning a yacht without breaking the bank or liquidating your assets. It can also offer you some tax benefits, depending on your situation and the type of yacht you buy.

In this article, we will guide you through everything you need to know about yacht financing in Singapore. We will explain what yacht financing is and how it works, compare different types of yacht financing options available in Singapore, and discuss some common challenges and pitfalls of yacht financing and how to avoid them. By the end of this article, you will have a clear understanding of how to finance your yacht purchase in Singapore and enjoy the perks of being a yacht owner.

What is yacht financing and how does it work?

Yacht financing is a form of secured loan that allows you to borrow money from a lender to buy a yacht. The lender will use the yacht as collateral, meaning that if you fail to repay the loan, the lender can repossess the yacht and sell it to recover the debt. Yacht financing is similar to car financing or mortgage financing, except that the loan amount, interest rate, and loan term are usually higher and longer, respectively.

To apply for yacht financing, you will need to provide some information and documents to the lender, such as:

• Your personal and financial details, such as your name, address, income, assets, liabilities, and credit score
• The details of the yacht you want to buy, such as the make, model, year, condition, and price
• The details of the seller or broker of the yacht, such as their name, address, and contact information
• The details of the insurance and registration of the yacht, such as the policy number, coverage, and expiry date
• The details of the berthing and maintenance of the yacht, such as the location, cost, and frequency

The lender will then evaluate your application and determine whether to approve or reject it. The lender will also decide the interest rate and loan term of the yacht financing, based on several factors, such as:

• Your credit history and score, which indicate your ability and willingness to repay the loan
• Your income and debt-to-income ratio, which measure your financial stability and affordability of the loan
• Your down payment, which is the amount of money you pay upfront for the yacht purchase
• The value and condition of the yacht, which affect the resale value and risk of the loan
• The market demand and supply of yachts, which influence the price and availability of the loan

Generally, the higher your credit score, income, and down payment, and the lower your debt-to-income ratio, the lower the interest rate and the longer the loan term you can get. Conversely, the lower your credit score, income, and down payment, and the higher your debt-to-income ratio, the higher the interest rate and the shorter the loan term you can get.

The interest rate of yacht financing can be either fixed or variable. A fixed interest rate means that the interest rate remains the same throughout the loan term, regardless of the market conditions. A variable interest rate means that the interest rate changes according to the market conditions, such as the prime rate, the base rate, or the LIBOR rate. A fixed interest rate offers you more certainty and stability, while a variable interest rate offers you more flexibility and potential savings.

The loan term of yacht financing can range from 5 to 20 years, depending on the loan amount, interest rate, and repayment schedule. The loan term affects the monthly payment and the total interest cost of the loan. The longer the loan term, the lower the monthly payment and the higher the total interest cost. The shorter the loan term, the higher the monthly payment and the lower the total interest cost.

What are the different types of yacht financing options available in Singapore?

There are different types of yacht financing options available in Singapore, each with its own pros and cons. Here are some of the most common ones:

• Bank loan: A bank loan is a type of yacht financing that you can get from a bank or a financial institution. A bank loan usually offers you a competitive interest rate and a long loan term, as well as some tax benefits if you use the yacht for business purposes. However, a bank loan also requires you to have a good credit score, a high income, a low debt-to-income ratio, and a large down payment. Moreover, a bank loan may have some fees and charges, such as origination fees, processing fees, appraisal fees, and prepayment penalties.
• Broker loan: A broker loan is a type of yacht financing that you can get from a yacht broker or a dealer. A broker loan usually offers you a convenient and fast approval process, as well as some discounts and incentives if you buy the yacht from the same broker or dealer. However, a broker loan also requires you to pay a higher interest rate and a shorter loan term, as well as some commissions and markups to the broker or dealer. Additionally, a broker loan may have some limitations and restrictions, such as the type, age, and condition of the yacht you can buy.
• Peer-to-peer loan: A peer-to-peer loan is a type of yacht financing that you can get from an online platform that connects borrowers and lenders. A peer-to-peer loan usually offers you a flexible and customized interest rate and loan term, as well as some privacy and anonymity if you prefer. However, a peer-to-peer loan also requires you to pay a higher risk premium and a higher default rate, as well as some fees and charges to the platform. Furthermore, a peer-to-peer loan may have some uncertainties and risks, such as the reliability and legality of the platform and the lenders.

Some examples of yacht financing providers in Singapore are:

• DBS Bank : DBS Bank is one of the leading banks in Singapore that offers yacht financing for both new and used yachts. DBS Bank offers a fixed interest rate of 4.88% per annum and a loan term of up to 15 years, with a minimum loan amount of S$200,000 and a maximum loan amount of 70% of the yacht price.
• Neo Yachting : Neo Yachting is one of the reputable yacht brokers in Singapore that offers yacht financing for both new and used yachts. Neo Yachting offers a variable interest rate of 6% to 8% per annum and a loan term of up to 10 years, with a minimum loan amount of S$100,000 and a maximum loan amount of 80% of the yacht price.
• Funding Societies : Funding Societies is one of the popular peer-to-peer lending platforms in Singapore that offers yacht financing for both new and used yachts Funding Societies offers a variable interest rate of 8% to 12% per annum and a loan term of up to 5 years, with a minimum loan amount of S$50,000 and a maximum loan amount of 60% of the yacht price.

What are the common challenges and pitfalls of yacht financing and how to avoid them?

Yacht financing can be a great way to buy your dream yacht in Singapore, but it also comes with some challenges and pitfalls that you need to be aware of and avoid. Here are some of them:

• Overborrowing : Overborrowing is the situation where you borrow more money than you can afford to repay. This can happen when you underestimate the costs of owning and operating a yacht, such as maintenance, insurance, registration, berthing, and crew. Overborrowing can lead to financial stress, default, and repossession of your yacht. To avoid overborrowing, you need to plan your budget carefully and realistically, and only borrow what you need and can repay comfortably.
• Underinsuring: Underinsuring is the situation where you have insufficient or inadequate insurance coverage for your yacht. This can happen when you overlook the risks and liabilities of owning and operating a yacht, such as accidents, damages, theft, vandalism, and lawsuits. Underinsuring can lead to financial losses, legal troubles, and personal injuries. To avoid underinsuring, you need to research your insurance options thoroughly and comprehensively, and choose the policy that suits your needs and budget.
• Overpaying: Overpaying is the situation where you pay more money than the fair market value of the yacht. This can happen when you lack the knowledge and experience of buying and negotiating a yacht, or when you fall victim to scams and frauds. Overpaying can lead to financial regrets, depreciation, and negative equity. To avoid overpaying, you need to do your homework and due diligence, and consult a professional yacht broker or appraiser before buying a yacht.
• Undermaintaining: Undermaintaining is the situation where you neglect or delay the maintenance and repair of your yacht. This can happen when you underestimate the importance and frequency of keeping your yacht in good condition, or when you try to save money by cutting corners or doing it yourself. Undermaintaining can lead to mechanical failures, safety hazards, and reduced performance and value of your yacht. To avoid undermaintaining, you need to follow the manufacturer’s recommendations and schedule, and hire a qualified and reputable yacht service provider to maintain and repair your yacht.

Owning a yacht in Singapore can be a rewarding and enjoyable experience, but it also requires a significant financial commitment and responsibility. Yacht financing can help you buy your dream yacht in Singapore without breaking the bank or liquidating your assets, but it also involves some challenges and pitfalls that you need to be aware of and avoid.

In this article, we have guided you through everything you need to know about yacht financing in Singapore. We have explained what yacht financing is and how it works, compared different types of yacht financing options available in Singapore, and discussed some common challenges and pitfalls of yacht financing and how to avoid them.

We hope that this article has given you a clear understanding of how to finance your yacht purchase in Singapore and enjoy the perks of being a yacht owner. If you have any questions or need any assistance with yacht financing, please feel free to contact us at BASCO Boating. We are the most reliable and effective boating platform in Asia-Pacific, and we are here to help you achieve your innermost dreams about life at sea.

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How to buy a yacht in Singapore: Cost, size and other factors to consider before sinking your money in

The demand for big boys toys is on the rise, and it’ll only continue to grow. Here’s what you ought to think about before joining the party

It doesn’t take much to notice that the demand for yachts has been steadily increasing in Asia in the past few years. Yacht shows – such as the Singapore Yacht Show and Thailand Yacht Show – have reportedly pushed for a fair number of sales. In particular, the number of superyachts (over 79 feet / 24m in length) in Thailand increased by over 50 per cent in the last three years.

According to the 2019 Global Order Book , 78 per cent of yachts being built are motor yachts, with one in four measuring 78 to 88 feet (23 to 26m). But new builds only represent a small portion of yachts available to buyers. There are almost 800 superyachts advertised for sale online, and the majority of these are pre-owned.

Which yacht builder should I go to?

The first – and most important question – is who to buy your yacht with. If you’ve already seen a yacht you like, that solves a lot of issues. But if you need help finding the right yacht, that’s where you need a broker to step in. There are numerous brokers and dealers in Singapore, such as Simpson Marine , Hong Seh Marine and Boat Lagoon Yachting Singapore.

To build or to buy?

Many first-time owners prefer purchasing pre-owned yachts and refurbishing it, as it gives them an opportunity to really understand the workings of the vessel. Price wise, expect an upwards of USD9 million (S$12 million).

Uncovering the (not so) hidden costs

You’ll also have to take into account the upkeep, which includes everything from insurance, fuel, docking fees to crew salaries, maintenance and repair bills and more. A conservative figure to keep in mind would be shelling out 10 per cent of the yacht’s value towards its upkeep every year.

Pleasure pursuits

It’s also important to ask yourself what the main objective of your purchase. Is it for business, where the intention is to charter? Or is it for personal use. If it’s the latter, how open are you to renting it out when it’s not in use? On average, owners are on board just six weeks a year, and chartering the yacht allows them to maximise their purchase.

The charter market is fairly competitive, and this means you’ll need to be very selective about the yacht you’re purchasing. The most popular charter yachts offer equally sized ensuite cabins, plenty of space to entertain, are run by an exceptional crew. They also tend to have the latest amenities like tenders, jet skis, a gym, whirlpool tub and at times, a spa.

You also need to identify your clientele and market share. It’s easy to find a yacht that can accommodate eight people, but when you start looking at 10 or more overnight guests, the number of potential yachts will drop. Ask yourself if that’s a space you’d like to be in. It’s important to be aware that if you want the yacht to accommodate more than 12 guests, the classification rules change and it becomes more complex.

Building: bespoke, classic production or semi-production

For those who have their hearts set on building yacht, you can either go for a bespoke build or a production piece (mass built by the brand).

And here’s where things get slightly trickier. There are roughly 150 new yachts hitting the water every year, but only a few of these are custom builds . If you’re looking for a yacht under 100 feet (30m), consider a production yacht. Price aside, it will be delivered to you much sooner, given that there are less bespoke options on a yacht for you to consider.

If you go with a production yacht, choose between a classic or semi-production yacht, the latter which is essentially a more customised option. Semi-production superyachts sit on a production hull while allowing you to make a number of personal touches, offering the best of both worlds in terms of cost and personalisation.

But if you truly desire a custom-built superyacht, you can take a look at some concepts that have been backed by superyacht yards , or commission a team to craft a yacht that is tailored to your specifications .

Play the waiting game

Commissioning a new build is a complex process that spans years. Expect to wait upwards of three years depending on the size. According to a representative from Benetti Yachts , it takes roughly four years from the time someone toys with the idea of buying a yacht to actually making the purchase.

Choice of marina

Singapore is an obvious choice in the Southeast Asian region, given its lack of severe weather conditions and stable economy, explains Scott Walker, director of Asia Pacific Superyachts Singapore.

The city’s robust banking system is also preferred by the wealthy, which makes it simpler to send or receive money if you’re transferring the purchase price or dealing with charter fees. Plus, Singapore has shipyards and service providers in abundance. Adding to the appeal is the fact that foreign registered yachts can also be exempted from GST on purchases if they go through the proper channels, Walker says.

It’s location as a hub for the region is another reason to keep yachts in Singapore, as it’s within sailing distance to Pulau Tioman in Malaysia and the Anambas Islands in Indonesia.

Size matters

Of course, the marina you select also depends on the size of your yacht. The bigger the yacht, the more challenging it’ll be to find space for her in the region. The most common size for a superyacht is between 78 and 100 feet (24 and 30.5 metres), but that’s on a modest side of the scale. For context, Azzam , the largest yacht in the world measures six times that, at 590 feet (180m). And not many marinas are able to accommodate yachts of that size.

If you decide to keep your yacht in Singapore, you’ll need to ensure the size is under 200 feet (61m), because that’s the maximum size that can be accommodated ONE°15 Marina Sentosa Cove, our city’s most prestigious marina.

With 90 per cent of yachts staying at the marina on a long-term basis, ONE°15 Marina Sentosa Cove is a realistic option for a homeport. But space is competitive: the marina receives more than double the number of enquiries than they have berths each year, reveals Esther Ang, marketing manager of the marina.

In fact, demand is so high that the marina is undergoing renovation. By the end of 2020, it’ll be able to accommodate 19 superyachts, up from its original 12. Yet another reason to berth at ONE°15 is its CIQP facilities, which allows the boats to clear in and out of Singapore at the marina, instead of the Immigration Anchorage.

If you’re thinking of buying a yacht closer to 100 feet (30.5m), your berthing options increase – but the three other marinas in Singapore with space for yachts of this size. When Raffles Marina opens its CIQP facility in October, it may become a more attractive alternative to ONE°15.

How far can it go?

To understand just how long-range your yacht needs to be, you have to know where you’d like to take her. If you plan to cruise the coasts of Malaysia, Thailand and beyond, range is less of a concern because there are a handful of facilities that you can access, such as Royal Selangor Yacht Club, Royal Langkawi Yacht Club and Royal Phuket Marina.

But if you’d like to go somewhere more remote on a regular basis, you’ll need a yacht with a higher range. Take for example Indonesia, where the nearest marina is in Bali, and can accommodate yachts up to 98 feet (30m) in length. In this instance, you should aim for a range above 2,500 nautical miles. Feadship’s Najiba has a range of 6,000 nautical miles , for example, although that is exceptionally far.

For those who’re especially keen on exploring the numerous archipelagos that scatter the region, it’s best to opt for a yacht of a smaller size, which relates to a smaller draft, and ease for exploration. Or maybe consider purchasing a chase boat while you’re at it.

Lastly…

Don’t forget to hire a lawyer right from the start of the process. Buying a yacht is more like purchasing a jet or floating real estate, compared to a car and should be treated with as much scrutiny. We’ll leave you with a tip: Never skip the sea trial or full condition survey, and don’t skimp on doing the due diligence.

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For many people looking to buy their first-ever yacht or boat, the process can seem overwhelming. We asked some of the world's most expert yacht brokerage companies - including Burgess ,  Edmiston ,  Fraser Yachts ,  Simpson Marine  and  Y.CO  - for tips and advice on how to go about taking your first jump into the water of yacht ownership. Here is the first in our series, on the initial stages of interest in the yachting market...

Photo credit Superyacht Times 

How should someone go about buying his or her first yacht? What are the first steps if they think they might be interested?

The very first thing a buyer should do is find a trusted advisor and then place his (or her) trust in that person. In most cases, this will be a yacht broker – but it might also be a captain. The buyer is much better advised and protected if he places his trust in one good, diligent, honest and capable broker or captain – than going into the market and playing the field between different brokers. By doing this – the broker will work hard with the buyer to locate the right yacht for the right price for that client – rather than being limited to only being able to sell the buyer listings he has not received from other brokers. Having decided on which broker to work with – the yacht search begins. The process usually follows in this order: Considering listings and working out the pros and cons of those yachts that are for sale. Then comes the inspections of the vessels that are of interest. After serious consideration, the buyer then selects his or her number one choice and will make an offer. Then will come the contract signing and deposit put down for the purchase. Lastly, there will be a sea trial and survey, and if all goes well then the final payment is made and the yacht is purchased. Burgess

Find a broker who is reputable and with whom you are comfortable, before discussing what you are looking for. A good broker will know what to recommend to you once he or she has a good grasp of what you need versus what you want. Often it is the case that a buyer will end up with a boat very different from what they thought they wanted at the beginning of the search.  Simpson Marine

Would you recommend chartering some yachts before you buy one?

Definitely. Charter is a stepping-stone into the purchase as you can experience different types of yachts in different destinations and make a more informed decision as to what yacht would be most appropriate to you. Edmiston

Absolutely. Chartering is a fantastic way to get a taste of the yachting lifestyle and will also help potential buyers to form an idea of what’s important to them. With so many options available, chartering provides the chance to experience a wide variety of yachts before making a commitment. As clients become more experienced through charter, their priorities can develop and very often a client may purchase a yacht very different from their original idea. As a hands-on way of exploring the market, chartering is unbeatable. Y.CO

What are the biggest steps people can take when buying a yacht for the first time to make sure they get the end experience they are looking for?

It’s important not to rush the process at any stage. Take time to find a broker with strong credentials, who you trust and like, as you’ll be spending quite a bit of time together. An established broker like Y.CO will offer not only brokerage services but also insight, experience and connections in the industry. Once you’ve appointed a broker, be prepared to invest some time into the search, and be open to your broker’s advice. A first-time buyer once came to us looking for a 60m yacht. After listening to his plans and how he intended to enjoy the yacht, we recommended something far smaller as it would be easier and less costly to run with fewer crew and administrative requirements while offering the same level of accommodation and being ideal for the local coastal cruising he planned. A decade later and we still work together. Y.CO

Charter first for a season and then take advice from an experienced broker. Edmiston Yacht Management and our crew recruitment team will then ensure your yacht is maintained to the highest standard and that you have the highest quality and most professional crew onboard to look after you.  Edmiston

Are there any special considerations that need to be made for Singaporeans buying yachts that have come from outside the country?

Tax is a complex area that is constantly evolving but is somewhere that brokers can help guide buyers. Y.CO works with experienced fiscal and legal advisors worldwide, who will advise the most tax-efficient ownership structure, as well as providing guidance on certification, operations, charter revenue and commercial registration. Y.CO

Are there any tax implications for clients from China buying yachts built outside of the country and want to import them to use them in China?

There is a ‘luxury tax’ of 46 per cent for all yachts imported into China.  Simpson Marine

If a client is interested in buying a yacht, what are the technical and mechanical checks that should be made before they purchase the yacht?

All buyers would be strongly recommended to carry out a thorough technical examination of the yacht before buying her. The appointment of a good marine survey team is essential. This survey team should be intimately familiar with yachts of all types as well as the shipyards. A survey team will normally consist of a lead surveyor, mechanical specialists (often from the engine and generator manufacturers), and then technical specialists for things such as electronics equipment including satellite equipment, air conditioning systems and audiovisual equipment. There are normally one or two sea trials that occur at the outset, one being the buyer’s sea trial and the second being a technical sea trial for the surveyors and engineers. It is quite common that these two sea trials are carried out at the same time. A sea trial normally lasts between two and four hours. Following the sea trial, the vessel is subjected to a thorough technical survey, to include a dry-docking to allow all underwater parts to be checked and for the thickness and condition of the hull to be assessed.  Burgess

What are the most common mistakes people make or things they don’t realise are important when buying their first yacht over (24m) 80ft?

A lot of people underestimate the cost of running a superyacht. This is why we like to go into detail with the client about the overall running of the yacht to make sure that they buy a vessel that fits their programme and budget, to ensure enjoyable ownership. David Legrand, Sales Broker, Fraser Yachts

Some people may underestimate the costs involved in maintaining a yacht of this size, from the legal requirements under a flag registration [which is involved in safety regulations and inspecting yachts] to keeping the class of the boat [which also inspects the yachts in particular in relation to the state of their hull] to the number of crew.  Simpson Marine

What is involved in a sea trial and at what point will this take place in the process of buying a yacht?

When the yacht has been inspected and the offer has been made and accepted, the sea trial will take place before the conditional survey to ensure that the yacht performs as expected.  David Legrand, Sales Broker, Fraser Yachts

For new yachts, the sea trial is usually conducted during the handover of the yacht to the client. For new superyachts, there may be more than one sea trial done. For brokerage yachts [ie those that are pre-owned], the sea trial happens after the sales and purchase agreement has been signed and a deposit has been received. The sea trial is part of the survey for the condition of the boat prior to the boat sale.  Simpson Marine

Can a client talk to more than one broker about buying a yacht at the same time?

Definitely – a client can speak to as many brokers as they want to. However, the client should consider dealing exclusively with one broker who understands his/her needs and with whom they have a good relationship. The broker will be able to offer their professional advice on the best yachts to suit the client’s needs versus wants.  Simpson Marine

Of course, he/she can talk to more than one broker, but in order to get the best understanding of the market, a client should choose just one broker he/she feels comfortable with and that he/she trusts. The broker will then work much harder for a loyal client than for an unstable one and the client will not receive conflicting views. David Legrand,  Sales Broker, Fraser Yachts

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2020 Galeon 425

Price: US$599,000

Sentosa, Singapore

WELCOME TO PREMIUM NAUTICAL

Luxury yacht dealer in singapore, premium nautical is the exclusive singaporean agent and distributor to many prestigious motor and sailing yachts available on the market today. our portfolio of new yachts include atak yachts , cl yachts , erman yachting , four winns , hh catamarans , marex , rau yachts , samba powerboats , silent yachts , volant yachts and wellcraft . we are also the singapore dealer for fab dock , the revolutionary new docking system., at premium nautical, we offer new vessels with many options to satisfy your boating aspirations. everything from comfortable day boats to the most luxurious cruisers whether you want a super slick jet ski; a bowrider for wake boarding; cabin cruiser for weekends away; or a super yacht to impress your friends…our brands are amongst the best quality available on the market, in addition to new yacht sales, our team at sentosa also manage a highly regarded and professional pre-owned brokerage business, selling second-hand vessels of all brands. a pre-owned yacht makes a great first boat and our extensive range is updated frequently. our yacht brokers are happy to provide viewings at any suitable time. also, if you have a boat to sell , we can help with that too, premium nautical runs a popular quarter share boat ownership program, providing our customers with affordable boat ownership hassle-free as a quarter share owner, we manage the servicing and maintenance of your boat and you enjoy two weekend slots per month plus unlimited weekday use. making our quarter share program the perfect arrangement for boating in singapore., our head office is located in singapore’s beautiful sentosa cove village at the one15 marina sentosa cove., we look forward to assisting you in your future boating endeavours., click here to subscribe to our newsletter.

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Chilling on a yacht: Does it make more financial sense to rent or own a boat?

SINGAPORE - With so many islands to explore around Singapore and the allure of having the freedom to sail farther away, owning a boat can seem like a luxurious way to relax from the hustle and bustle of the city.

During the coronavirus pandemic, boat ownership can also be an opportunity for staycations and a chance to chill.

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How Much Does it Cost to Buy a Yacht in Singapore?

How much does it cost to buy a yacht in Singapore? Well, expect to pay more than the cost of the yacht itself. There are also other expenses that you should take into consideration. This article will discuss just that.

If you want to invest as an expat or high-net-worth individual, which is what i specialize in, you can email me ([email protected]) or use WhatsApp (+44-7393-450-837).

Introduction

Living on a yacht in the marinas of Singapore and sailing beyond them may be one of the things you’re looking most forward to. You may have already tried renting a yacht and experienced first-hand what it feels like to have one. And, with the experience that traveling by sea gives, you might just want to keep coming back for more. 

Over time, the cost of renting a yacht can add up. It also gives you less freedom to sail whenever and wherever you desire. Because of this, you just may be wondering how to buy a yacht for yourself. Read more to find out how you can start this exciting journey ahead and how much it will cost you.

On average, a new yacht costs $1,219,884 SGD ($887,453.05 USD), while a second-hand yacht costs $683,783 SGD ($497,445.09 USD). However, there are listings that can go as low as $45,773.84 SGD ($33,300 USD) and as high as $40,239,190.57 SGD ($29,185,058 USD). 

Apart from size and age, the cost of a yacht in Singapore is dependent on various factors. First, it depends on whether the yacht is brand new or secondhand. If purchasing a secondhand yacht, determine if the previous owner was a yacht charter company or a private individual. 

Yacht charter companies regularly sell their newly bought yachts in order to replace them with the latest models. This ensures that they offer the best to their customers. For buyers, this means you can find an ex-charter yacht that has been well-maintained, especially if it comes from a reputable charter company. Though upfront costs can be lower, you will also need to consider the cost of repairs. Given that it has been for public use, the interior and exterior are prone to wear and tear.

Second, the type of yacht also matters. The main types of luxury charter yachts are motor, sailing, catamaran, and gulet. 

Third, just as a car from luxury brands such as Audi and Tesla is more expensive, the company that manufactured the yacht also dictates its price. There are different brands to choose from when deciding on what luxury yacht to buy. In line with this, the yacht designer, who meticulously crafted the details of the yacht, also plays a part in its value.

What Other Costs Should I Keep in Mind When Buying a Yacht in Singapore? 

Apart from the cost of the yacht itself, there are other expenses that you should factor into your budget. These are listed below. 

1. Fees to rent a berth and obtain membership in a marina

There are relevant rental fees charged for individuals who intend to berth their yacht at a marina. In Singapore, there are different marinas that you can choose from, such as the following:

• One°15 Marina Club
• Marina at Keppel Bay
• Raffles Marina
• Republic of Singapore Yacht Club
• SAF Yacht Club
• Marina Country Club (Punggol)
• Changi Sailing Club

Each has its own services for berthing, additional amenities, and fees charged. For example, berthing a 50-to-60-foot yacht at ONE°15 Marina costs between $1,920 SGD and $2,300 SGD per month for members. But on average, you can expect to pay anywhere from $480 SGD to $1,500 SGD per month. 

For those who plan to anchor their yacht, this can often be done for free. Take note that this will most likely come with restrictions, depending on where you are. Furthermore, there may also come a time when you decide to store your yacht on land. This would similarly incur expenses to rent space in a storage facility. 

2. Maintenance and repairs of the yacht

For those buying a second-hand yacht, this often involves the need to refurbish both the interior and exterior. But beyond that, all yachts will eventually need maintenance and repairs later on. Expenses for regular cleaning services should also be included. Some would say that annual maintenance costs are roughly 5–10% of the yacht’s value. However, it would still depend on the frequency of use of the yacht and the weather conditions it is exposed to. 

Expect to pay around $1,500 SGD to $2,000 SGD every month. This includes costs for fuel and repairs, should you use your yacht every weekend. The aforementioned amounts still lean toward what you can at least expect, so it may be more than that.

3. Equipment and accessories 

Safety and communication equipment are must-haves when owning a yacht. This ensures that you’re well-prepared for unexpected situations should they arise. In general, it would be wise to keep a life jacket, a first aid kit, mooring lines and fenders, spare fuel, and others. Apart from that, batteries, pumps, lights, and oil are often recurring costs. 

4. Insurance for the yacht

An insurance policy is a prerequisite for all yacht owners prior to the issuance of a pleasure craft license. The appropriate insurance coverage for your yacht will be determined by its size, age, docking place, and how it will be used. Some would advise having enough insurance to purchase a new yacht. This becomes beneficial in the unfortunate event that the whole of your yacht becomes damaged beyond repair or gets lost.

More often than not, insurance plans shoulder the costs associated with damage and/or loss of the yacht, legal liabilities to affected parties, and for the owners of the yacht themselves. Basic insurance plans usually cost $1,200 annually, at the minimum.

5. Getting a Pleasure Craft License and a Driving License 

A pleasure craft refers to any craft that will be used within the port of Singapore for the purposes of sports or leisure. This excludes a craft used to board passengers who will go on sightseeing tours for a fee. When licensed by the Maritime and Port Authority (MPA), the pleasure craft will be prefixed with “SZ.” This indicates that the craft is licensed for private use. The license fee costs between $30.00 and $100.00 per year.    

Apart from that, the person driving the yacht himself must apply for a powered pleasure craft driving license (PPCDL) or an Advanced Powered Pleasure Craft Driving Licence (APPCDL). Prior to the application of a license, the following eligibility criteria must be met:

• Must be at least 16 or 18 years of age
• Must have completed a recognized course about the handling of a powered pleasure craft
• Must have obtained a valid medical certificate 
• Must have completed the PPCDL or APPCDL examinations administered by the Singapore Maritime Academy (SMA)

On average, the courses cost $350, which includes both theoretical and practical lessons. Apart from that, the license examination fees cost between $20.00 and $100.00, while the issuance of the driving license costs $10.00 or $20.00.

With this, be prepared to spend at least $50,000 per year to own a yacht in Singapore. This price gives you the most affordable yacht there is, so it would be better to expect more than that. When you do decide to buy one, you will also have the option of earning money by renting it out. But even when this is not the case, living on the water and being able to explore by sea can make it well worth the investment.

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Our Yacht Fleet

Yacht Luxe has one of the largest fleets of yachts for charter in Singapore; select from our wide selection of yachts to create your very own luxurious yachting experience. Whether you’re looking to celebrate your birthday, bachelor or bachelorette party, yacht wedding or lavish yacht party; Yacht Luxe has the finest yachts booking options for you.

SYDNEY YACHT 

Motor Yacht

Length: 33 Feet

Max Guest Capacity: 12 Pax

From: .

VIENNA YACHT 

Luxury Catamaran

Length: 51 Feet

Max Guest Capacity: 33 Pax

SANTORINI YACHT 

Sailing Catamaran

Length: 39 Feet

Max Guest Capacity: 18 Pax

Wanderluxe experiences.

Beyond the sailing experience, Yacht Luxe has curated a list of luxury wanderluxe experiences to enjoy on our fleet of yachts. We bring the best adventures on our exquisite yachts for you to revel in. Embark on an adventure of a lifetime and create unforgettable memories with your loved ones, friends and families.

Yacht Photoshoot

Romantic cruise, candle making masterclass.

Follow @yacht_luxe On Instagram! 

Our Yacht Luxe Story

Established in Singapore by Liyann Seet, Yacht Luxe is a yachting company founded for the passion of the ocean, yachts, and meeting the needs of the marine industry worldwide. Yacht Luxe has one of the largest fleets of yachts for charter in Singapore; select from our wide selection of yachts to create your very own luxurious yachting experience. Beyond the yachting lifestyle, our team has curated a list of luxury wanderluxe experiences that you can enjoy on our fleet of yachts. 

Over the years, the Yacht Luxe membership club has been welcoming distinguished members through its gates. Undefined by status, profession, or pretentiousness, our members are passionate about yachting and looking to build bridges with like-minded individuals.

Liyann has also expanded the business by offering a wide range of yacht management services handling the full spectrum of yacht operation that comes along with yacht ownership. With headquarters in Singapore, Yacht Luxe has representations and partners in major cruising areas of Asia; our local knowledge, networks, and expertise with the local supply chain allow us to be a stellar choice of yacht management service providers. 

Yacht Luxe covers various aspects of yachting, including yacht chartering, brokerage, management, and investment sales. We are advocators of the yachting lifestyle and seek to deliver exceptional yachting experiences to clients worldwide. We aspire to set the trends of tomorrow in the luxury yachting world and expand the Yacht Luxe brand and its trusted partners.

Just you - and the ocean.

For any questions, press inquiries, requests, or collaborations,  please email us at [email protected]

[email protected]

Whatsapp: (65) 9173-8177 

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OUR OFFICE ADDRESS

Yacht Luxe Private Limited

2 Battery Road, #28–01

Singapore 049907

• Questions? +1 (202) 335-3939
• Pricing & Comparison Chart

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Increase in Yacht Ownership in Singapore

Group image for Wanderlust Adventures Yacht Rental

Group image for Wanderlust Adventures Yacht Charter Singapore

Group image for Wanderlust Adventures Yacht Singapore

Join the trend of yacht ownership in Singapore and enjoy the luxurious lifestyle it offers. Learn more about the increase in yacht ownership in this guide.

Wee Teck Quek Wanderlust Adventures Pte Ltd +65 9003 7485 email us here Visit us on social media: Facebook LinkedIn Instagram YouTube

Singapore First Luxury Fishing Yacht Charter

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Yacht sunset cruises and guided boat tours.

Experience in Singapore from a new perspective.

Island Hopping Tour

Did you know that Singapore has 64 islands?  Discover 8 of our Southern Islands on this island hopping tour and enjoy some water play!

Sunset City Cruise

Admire the sunset from Eagle Bay at Lazarus Island, followed by a city skyline cruise to see Marina Bay Sands and the Singapore flyer.

Sister's Island Eco Tour

Escape the city's hustle with the Sister's Island Eco Tour. Just a short cruise from Singapore, Sister's Island provides a serene retreat into untouched nature.

Why  Us?

Friendly Guides

Hospitality comes first for us! We have been sailing the seas for over 8 years and take pride in sharing our maritime heritage

Amazing Experience

Experience Singapore in a completely different way! Our tours are designed to be unique and full of interesting content

Licence and Safety

We are a licensed travel agent by the Singapore Tourism Board. Our vessels and captains also comply with regulations

Meet The  Crew

Chief Everything Officer

Ellie is our cheerleader and keeps everyone and every boat on task!

Grace Jamuna

Lead Tour Guide

Grace is a licensed tour guide, leading maritime tours for over 10 years

Ops Manager

Angeline handles our day to day, from answering enquiries to rostering

Private Yacht Charters

Perfect for special occasions, corporate events, friends and families. Our concierge will assist you with special requests such as F&B, decor and photographer 

Yacht Sales Advisory and Management

Owning a yacht can bring much joy. As owners ourselves, we provide yacht sales advisory and management services so that you enjoy your yacht ownership journey

What They Say

Great experience! Sue our host was super gracious and welcoming. The boat was very well stocked and came with a paddleboard and kayak to explore the surrounding islands. Would definitely recommend!

Benjamin Soh

Great Atmosphere, awesome vibes and incredible experience!! Lovin’ it!

I was amazed by the experience that the crew provided. Definitely the venue and location you would want to host a birthday of a pal or a corporate retreat (at affordable rates)

Lester Chong

Great experience! Yacht is super clean and crew are friendly & helpful! Definitely worth every penny and definitely coming bk!

Great experience, captain and crew were very friendly and helpful. Yacht was comfortable and the whole experience was enjoyable!

Melissa Chin

Very pleasant trip, crew are friendly and helpful. Good for friends gathering and just a little break from the little red dot city scape.

Awesome crew and friendly members! Amazing vibes!

Wei Han Yam

Great exp! Capt Kelvin and the lady boss super nice! Thumbs up! Go for it!

Had a birthday party on one of their yachts. The trip to Lazarus Island was amazing with the most friendliest crew keeping my friends and I safe and comfortable and also helping us with the bbq! Thank you for giving us that beautiful experience and we will definitely be doing it again :)

Muhammad Khairi

Great experience and fun time with Singapore Yacht Cruise. The Yacht is super comfortable with great onboard crews who take good care of us throughout the whole trip . Highly recommended for anyone who wants to spend quality time of fun and comfort on a yacht trip.

Captain is really professional and easy going.

Priscilla Tay

Our Commitment 

to the Environment

Marine Stewards is a local marine conservation NGO that advocates for sustainable seas, conserving marine biodiversity, habitats and tackling marine trash in Singapore

1% of our profits are donated to Marine Stewards

SEA FRIENDS

Riviera 3300 Flybridge

Photos (click to enlarge)

Sea Friends

Powered Monohull

2004 Edition

32 ft in Length

12 ft Wide Beam

ONE°15 Marina Sentosa Cove

Current Rates

4 hours, up to 5 pax 8.30 AM to 12.30 PM (morning) Weekday (Mon – Thu): $660 1 PM to 5 PM (afternoon) Weekday (Mon – Thu): $760 5.30 PM to 9.30 PM (evening) Weekday (Mon – Thu): $870

4 hours, up to 10 pax 8.30 AM to 12.30 PM (morning) Weekday (Mon – Thu): $760 1 PM to 5 PM (afternoon) Weekday (Mon – Thu): $870 5.30 PM to 9.30 PM (evening) Weekday (Mon – Thu): $970

4 hours, up to 10 pax Weekend (Fri – Sun): $1,090  (all day) PH/PH Eve: $1,200  (all day)

Add hour: $270/hour (subject to availability)

Add-ons Charcoal BBQ pit rental w/ cooking service: $170 City skyline cruise: $110 Pet-friendly: $170

About the Yacht

Explore the unique wonder of Singapore’s southern islands in the comfort of, Sea Friends, a private yacht. Sun, sand, and sea awaits, with exciting activities for all ages.

Kayak in the lagoon, explore the islands on foot, grill and chill, or simply splash around in the water on those cheeky pink flamingoes. On the way back, catch the unparalleled views of the sunset and of the city landscape.

Our goal is to make the magic of a bespoke, curated yachting experience accessible to everyone in Singapore. We specialise in private, fully crewed charters conducted to the highest standards. Timely, professional, and striving to exceed expectations, we want our guests to come home with smiles on their faces, salt in their hair, and memories that will last a lifetime.

What’s included in their charter

• Sound system with built-in Bluetooth
• Coleman ice cooler (15” / 8.5L)
• Mini fridge with freezer compartment
• Floating water mat
• Animal Floaties

Fishing Gears

No corkage & self-catering fee

No footwear onboard

Pets allowed

No red wine

No glassware

Drink responsibly

No water activities after 7 PM

Smoking is only allowed at the rear of the yacht when stationary

Please listen to the captain’s instructions and do not commit rash acts that will endanger the charter or any passengers

Rescheduling

Rescheduling policy: Any rescheduling of the yacht charter is subject to our rescheduling policy. The charterer may reschedule the charter subject to availability and terms and conditions.

• Rescheduling made more than 1 month prior to the charter date is provided free of charge.
• Rescheduling made less than 1 month prior to the yacht charter date, an additional 50% of charter fees will be charged as a rescheduling fee.
• Any reschedules made within office hours count towards the effective rescheduling period stated above. Rescheduling made after office hours will be counted beginning from the next working day.
• Should Charterer reschedule a weekend charter slot to a weekday charter slot (from a higher-value charter to a lower-value charter), no refunds (whether cash or credit) on the difference of the charter fees will be provided.
• Should Charterer reschedule a weekday charter slot to a weekend charter slot( From a lower value charter to a higher value charter), a top up (whether cash or credit) on the difference of the prevailing charter fees will be required.
• Rescheduled bookings must be placed within 1 month from the original booking date. Otherwise, the booking will be taken as a new request.

Cancellations

Cancellation policy: In any event of cancellation, our cancellation policy applies

• Cancellations made less than 14 days prior to the yacht charter date are subject to 100% of the charter fee, with no refund or rescheduling allowed.
• For cancellations made less than 1 month prior to the yacht charter date, full payment of the charter fee will be charged, with a refund of up to 50% allowed at TYC’s sole discretion.
• For cancellations made more than 1 month in advance, TYC may, at our discretion, allow a refund of up to 100% of the full charter fee.
• All refunds may be made in the form of a cash refund or credit refund.
• Cancellations made within office hours count towards the effective cancellation period stated above. Cancellations made after office hours will be counted beginning from the next working day.
• Any refund, if applicable, shall only apply to the charter fee component. Charges for food catering or other services will not be refunded should the charter be cancelled for any reason.
• TYC will always negotiate with our vendors in the best interests of our clients. Refund decisions by vendors may be transferred where possible. Flexibility may be exercised where possible, with special considerations made by TYC at our sole discretion on a case-by-case basis.

Other Terms & Conditions

• This yacht does not refund if there is a shortfall of guests on the day of the charter. You might want to book your charter for the confirmed number of guests and add on within the maximum capacity nearer to the charter date.
• Only fully vaccinated passengers are allowed onboard the SZH-licensed pleasure craft. Unvaccinated passengers (other than recovered individuals, medically ineligible individuals, or children aged 12 years and below) are not allowed to board the craft.
• All rates listed are for basic charters only (4-5 hours depending on the yacht). For the standard itinerary,  please click here .
• BBQ pit and cooking services DO NOT  include food.
• Ice (otherwise stated), disposable cutlery, and cups are not provided.
• Do note for wet weather, the Captain will still sail out if it does not pose any safety issues. If it is not possible to sail out, the Captain will try to  delay  the sail out timing. If it is not possible to sail, the charter will be  rescheduled  to a later date (subject to availability).  No cancellations  are allowed. The Captain will decide what is the next course of action.  Customers are still required to proceed to the marina and wait for the captain’s final decision.
• Disembarkation at Lazarus Island Pontoon is no longer permitted by MPA unless the yacht has a tender boat.
• Balloons are prohibited due to marine life preservation.
• Red wine is strictly prohibited on all yachts except for Anka, MS Eternity and EagleWings 1, 2 and 3.
• If no social gatherings are allowed due to any pandemic, we would reschedule the charter up to a mutually agreeable date and time. No cancellations will be permitted. Strictly  NO refunds and postponements, should there be any reduction in headcount for social gatherings by the MMTF, charterers will need to reduce their own headcount and consume the charter. Notwithstanding the above, there are no refunds or reschedules for bookings even if guests are tested positive for COVID-19 unless agreed by the yacht owners.

Don’t hesitate to contact our friendly consultants for any questions you might have.

Overseas callers, please use WhatsApp Call.

TYC Pte Ltd 138 Robinson Road #03-42 Oxley Tower Singapore 068906

Business/GST Registration 202123630D

The Yacht Club Singapore is a brand of TYC Pte Ltd. All Rights Reserved. Yacht charters are subject to the terms and conditions of the respective yachts we represent.

ⓒ TYC Pte Ltd, 2015-2023

Things to note

Preferred premium BBQ

Preferred limousine services

Ta license no..

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Ng Ah Sio Bak Kut Teh owner fined $14k for fatal accident

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The 88-year-old founder of Ng Ah Sio Bak Kut Teh restaurant was driving in 2022 when he lost control of the car, resulting in the death of one friend and injuries to another.

On Sept 27, Ng Siak Hai was sentenced to a fine of $14,000 after he pleaded guilty to causing death and grievous hurt while driving without due care and attention.

He was also disqualified from holding or obtaining all classes of driving licences for eight years.

His friend, 72-year-old Ng Thit Hung, died due to a heart disease. The other friend, Mr Tan Teck Soon, 76, suffered a heart-related injury and a wound at the back of his head.

The driver suffered a bruised chest and was warded from Nov 1 to 4, 2022.

Deputy Public Prosecutor Natalie Chu told the court that the three men were part of the Teo Ann Huay Kuan, a Teochew association, where Ng was then its chairman.

Lawyer accused of pocketing client's $4k

Related stories, jail, caning for man who violated sleeping woman in car, iris koh and husband ordered to pay hsa $12,000 in costs, form teacher called pupil ‘baby’, molested her thrice.

At around 6.30pm on Nov 1, 2022, they left the association’s headquarters in Lorong 8 Geylang in Ng’s car. They were heading to Orchard Hotel for a food-tasting event ahead of the association’s 58th anniversary dinner later that month.

Ng was driving along the CTE when he decided to exit into Bukit Timah Road as he felt light-headed.

While making a left bend on Nassim Road, he lost control of his blue Mercedes Benz, which hit a tree and overturned on the right side.

DPP Chu said: “While the accused was known to have diabetes, among other medical conditions at the time, it was not possible to determine if he had hypoglycaemia at the time of the accident.”

Hypoglycaemia, caused by a low blood sugar level, can lead to symptoms including drowsiness and fatigue, according to the HealthHub website.

The three men were trapped inside the car until the authorities cut off the roof of the vehicle and extricated them.

They were taken to Tan Tock Seng Hospital, where Mr Ng Thit Hung was pronounced dead at around 9pm. He died of heart disease with an abdominal injury.

Mr Tan was warded for nine days and was given 20 days of hospitalisation leave.

On Sept 27, DPP Chu told the court that the offences in the current case ordinarily lead to jail sentences.

However, she added that due to Ng’s medical issues including end-stage renal failure, there was some basis for the court to exercise leniency.

The DPP then urged District Judge Salina Ishak to give him maximum fines for both charges totalling $15,000.

Defence lawyers Choo Si Sen and Choo Yean Lin from Tan Lee & Partners stated in court documents that Ng had driven without due care and attention due to his momentary lapse of concentration.

They added that he has a range of medical conditions, including chronic renal disease, and needs to undergo kidney dialysis three times a week.

The lawyers also said that maximum fines should not be imposed in their client’s case. “His advanced age, coupled with his ill-health, are relevant in the assessment of an appropriate sentence,” they added.

Mr Choo Si Sen asked Judge Salina to give their client fines totalling $11,000.

For causing death by driving a vehicle without due care and attention, a first-time offender can be jailed for up to three years and fined up to $10,000.

A repeat offender can be jailed for up to six years and fined up to $20,000.

For causing grievous hurt to another person while driving a vehicle without due care and attention, a first-time offender can be jailed for up to two years and fined up to $5,000.

A repeat offender can be jailed for up to four years and fined up to $10,000.

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Baltimore longshoremen sue owner and manager of ship that caused the Key Bridge collapse

BALTIMORE (AP) — A group of Baltimore longshoremen have sued the owner and manager of the ship that caused the Francis Scott Key Bridge collapse , arguing the companies should compensate them for wages lost while the port was closed in the aftermath of the deadly disaster.

The class action lawsuit adds to a slew of other legal claims alleging the ship’s Singapore-based owner and manager, Grace Ocean Private Ltd. and Synergy Marine Group, knowingly sent an unseaworthy ship into U.S. waters.

Six construction workers were killed in the collapse , which halted most maritime traffic through Baltimore’s busy port for months as crews worked around the clock to clear thousands of tons of mangled steel and concrete from the main shipping channel. During the initial cleanup, many longshoremen found themselves out of work .

“This was equivalent for longshoremen what the world experienced during COVID, when everything stopped,” said plaintiff Ryan Hale, who’s worked at the port for over a decade. “I’ll never forget, I wake up in the morning, getting ready for work, turn on the news — I had to flip the channels twice to make sure it wasn’t a horror movie.”

The port fully reopened once the channel was cleared in June, but traffic didn’t immediately bounce back because some ships had been rerouted as the global supply chain made adjustments in the immediate aftermath of the collapse.

“Nearly six months later, shipping traffic in the Port of Baltimore has still not returned to pre-disaster levels,” attorneys for the longshoremen wrote in their claim. “Claimants’ incomes were and continue to be entirely dependent on the flow of cargo vessels in and out of the Port of Baltimore.”

The lawsuit was filed Tuesday on behalf of roughly 2,200 members of the International Longshoremen’s Association union.

Baltimore attorney Billy Murphy, representing the plaintiffs, said they’re seeking to recover lost wages in addition to punitive damages.

Murphy held a news conference Thursday at which three of the plaintiffs spoke about how the port closure affected them. They said their access to jobs and benefits is based on seniority, so working fewer hours has serious implications because it could mean sliding back down the totem pole.

“Everything we obtain is acquired through hours,” Hale said.

A suit filed last week by the U.S. Department of Justice provided the most detailed account yet of the cascading series of failures on the Dali that left its pilots and crew helpless in the face of looming disaster. That complaint alleges mechanical and electrical systems on the massive ship had been “jury-rigged” and improperly maintained, culminating in a power outage as it approached the bridge. The crew’s efforts to restore power in time were also hindered by other problems on the ship.

Darrell Wilson, a Grace Ocean spokesperson, has said the ship’s owner and manager “look forward to our day in court to set the record straight.”

FBI agents boarded the Dali in April amid a criminal investigation into the circumstances leading up to the collapse. Agents boarded another container ship managed by Synergy while it was docked in Baltimore on Saturday.

The Dali was leaving Baltimore for Sri Lanka when its steering failed because of the power blackouts. Six men on a road crew, who were filling potholes during an overnight shift, fell to their deaths as the bridge crumbled beneath them.

While the ship experienced a series of electrical issues before and after it departed Baltimore, the blackout that occurred as it approached the bridge likely resulted from a loose electrical connection, which had been damaged by the vibrations on the Dali, according to recent court filings.

Engineers on the ship manually restored power by reconnecting the tripped breakers, but it again switched off because of a problem with the fuel pumps. Attorneys allege the fuel supply to the ship’s generators was improperly reconfigured as a cost-cutting measure after Grace Ocean purchased it in 2017.

Grace Ocean and Synergy filed a court petition days after the collapse seeking to limit their legal liability in what could become the most expensive marine casualty case in history. Since then, a number of entities have filed opposing claims, including Baltimore’s mayor and city council, families of the victims, local businesses and insurance companies. They’ve all been consolidated into one sprawling liability case and the deadline for most claims to be filed was Tuesday.

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Cutting-Edge Design Meets Performance

A seamless blend of precision engineering, unparalleled performance, and yacht-like elegance, nestled in the center of everglades boats' illustrious fleet., 315cc offshore center console boat, the 315cc is a versatile and powerful vessel designed for those who demand both comfort and performance on the water. this meticulously crafted boat features a spacious deck layout that maximizes functionality and comfort, making it ideal for both serious fishing expeditions and relaxed family outings. the 315cc is equipped with advanced navigation and control systems at the ergonomic helm station, ensuring a seamless and enjoyable boating experience. its deep-v hull and patented ramcap construction provide unmatched stability and a smooth ride, even in challenging sea conditions, ensuring that every journey is both comfortable and safe..

With twin outboard engines, the Everglades 315cc delivers impressive speed and agility, allowing you to navigate to your favorite fishing spots or coastal destinations with ease. The boat is fully outfitted with premium fishing amenities, including a large livewell, multiple rod holders, and ample storage for gear, catering to the needs of dedicated anglers. Yacht-like features such as plush seating, a high-quality sound system, and an innovative hardtop with integrated storage enhance the overall boating experience, making it perfect for both sport and leisure. With a focus on safety, the 315cc includes features like automatic bilge pumps and a robust RAMCAP hull design, providing peace of mind for offshore adventures. The Everglades 315cc is more than just a center console boat; it’s a statement of quality and a gateway to unforgettable maritime experiences.

Model Specs

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Weight w. Options

See 315cc Specs Sheet

See 315cc performance report, 315cc key highlights, 315cc virtual tour, designed to cater to you.

This center console was designed around the latest maritime technology. Advanced Garmin dual displays pair seamlessly with Zipwake trim tab system, an optional Seakeeper 2, optional Seakeeper Ride 600 trim tab system, and your choice of either Mercury or Yamaha power.

Fish Harder

A robust fishing package equips you with Gemlux 18 ft outriggers with a double rigging kit and quick cam cleats, 6 rod holders in the forward console and 4 in the console interior, a removable filet table with storage, and so much more to keep you fishing harder.

Crafted for Convenience

Standard on the Everglades 315cc is a meticulously designed mezzanine seat and cooler combination—your perfect companions for relishing the sunsets or sharing laughter with friends.

315cc Owner’s Manual

Dive deeper and get to know your boat., read the manual, hear from real everglades owners.

“ Aurther H 355 CC “ This is my 4th Everglades owned and I have to say what draws me to the brand is the fit and finish. For me feeling safe and in control in the water always comes first. I do not know any other boat manufacturer out there that gives me that feeling quite like Everglades. Arthur Hernandez ”

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