Please select your home edition
Edition
Marine Resource 2016

Peters & May - Hong Kong office operational

by Peters & May on 7 Mar 2011
Hong Kong has the equipment and expertise to handle large,luxury yachts Peters & May Ltd
The growth of Asia’s logistics sector led United Kingdom-based Peters & May, a global marine logistics provider, to open a regional office in Hong Kong last October. Angus Bruce Jones, Managing Director, said the move was a strategic decision based on the growth of boat builders, dealers and individual boat owners moving craft with Peters & May to Asia over the last three years.

'The Hong Kong office is situated in a key location to support our imports and exports to and from Asia,' said Jones. 'We also benefit from several existing agents in the local and surrounding area with representation in Hong Kong, Singapore and Taiwan, and continue to research further opportunities.'

Peters & May Hong Kong is headed by Thibaut de Montvalon, who was formerly Managing Director of Peters & May France.

Working with local partners to bring boats into Hong Kong over the past decade alerted the company to the potential of a market which, while still small by global standards, is dynamic and fast-growing. 'Hong Kong, and more so, China represents a young market – boating literally started to pick up only about two years ago in the mainland – while markets in the United States and Europe have been running for more than 50 years,' said Mr de Montvalon. 'So it’s still small, but the most dynamic. For Peters & May, opening a Hong Kong office is a strategy for the future, an investment in the market that’s growing fastest in the world.' Hong Kong, he notes, 'has the equipment and expertise to handle large, luxury yachts'.



In a consumer market now keen to enjoy the fruits of its labour, yachts are one more visible sign of status and success on the mainland. 'Chinese people prefer overseas brands,' Mr de Montvalon said. 'They favour the Ferrari and the Louis Vuitton bag. They have the luxury villa, and now they want the luxury yacht.'

Peters & May delivers at least one motor boat or yacht each week to Hong Kong. Typically, these vessels are new, market-leading marine brands, about 15 to 20 metres long, and valued from US$1 million to US$3 million.

Mr de Montvalon said Hong Kong is the ideal port for importing expensive boats. 'Hong Kong is by far the most adequate place to handle these kinds of deliveries,' he said. 'It’s the break bulk capital of Asia, as far as we are concerned. Staff at the various terminals are trained in handling yachts up to 40 metres. They are very capable, and they have the equipment.' Hong Kong also offers proximity to the Chinese mainland, a very promising market for the marine industry, he said.

The absence of duties and 'very light formalities' are further advantages for yacht importers. Mr de Montvalon said that technically, logistically and for cost-effectiveness, Hong Kong 'is one of the best places in the world' for Peters & May’s growing network of logistics operations.



Barz Optics - Melanin Lensesupffront 660x82T Clewring AC72

Related Articles

PredictWind - One stop shop
PredictWind have taken the bold step of adding government provided forecasts to their award winning forecasting software PredictWind the world leader in forecasting believe that more is better, and have taken the bold step of adding government provided forecasts to their award winning forecasting software.
Posted on 15 Aug
Marine Resources job updates
Marine Resources specialises in providing expert recruitment services to the leisure marine industry worldwide. Marine Resources specialises in providing expert recruitment services to the leisure marine industry worldwide. Jobseekers register your CV now to receive the latest vacancies and be matched to your ideal job. Employers choose from a variety of recruitment options which include a full consultancy service as well as a unique job advertising package.
Posted on 11 Aug
America's Cup - Southern Spars to build AC50 for Emirates Team NZ
Southern Spars has been appointed to build Emirates Team New Zealand’s AC50 wingsailed foiling catamaran One of the world's leading composite engineering companies, Southern Spars has been appointed to build Emirates Team New Zealand’s AC50 wingsailed foiling catamaran for the 35th America’s Cup campaign. The move marks a shift away from Cookson Boats who have been Team New Zealand's boatbuilder since 2000. No reasons have been given for the decision to change the builder.
Posted on 24 Jul
Upffront.com - Tuff Luff and Harken Headfoils
Upffront.com is a comprehensive online purchasing platform for performance sailing hardware and rigging systems Upffront.com is a comprehensive online purchasing platform for performance sailing hardware and rigging systems; orders are processed 24 hours a day, 365 days a year and we deliver to customers located anywhere in the world.
Posted on 8 Jul
Barz floating sunglasses - Ideal for sailing in rough conditions
Our SAN JUAN floating model fitted with 1.1mm Acetate Lenses have a density of 0.95 GM/ML Barz floating sunglasses float in rough conditions. Most sunglasses that say they float, only float in the bathtub as once they break surface tension (or if there is any movement on top of the water)... down they go...
Posted on 7 Jul
Free $US3,000 Carbon Vang with SouthernFurl boom orders in July
Southern Spars is giving a free carbon vang - valued at US$3,000 - with SouthernFurl in-boom furlers ordered in July Southern Spars is giving away a free carbon vang - valued at US$3,000 - with all of their SouthernFurl in-boom furlers ordered in July. Carbon gas vangs make a great addition to the furling boom package, though if you’d prefer to keep your existing one, Southern Spars will offer you a 5% discount on the price of your boom instead.
Posted on 29 Jun
11th Hour Racing to present at annual Green Sports Alliance Summit
11th Hour Racing is headed to Houston, Texas, to present at the annual Green Sports Alliance Summit 11th Hour Racing is headed to Houston, Texas, to present at the annual Green Sports Alliance Summit, June 28-30, the world’s largest gathering for the sports community around sustainability, including both professional and collegiate sports teams, leagues and venues.
Posted on 25 Jun
PredictWind - Stunning new forecast maps
When developing the Offshore App, we had to rethink maps for offshore sailors. When developing the Offshore App, we had to rethink maps for offshore sailors. The mapping technology was rebuilt to be faster, have smaller downloads and be able to smoothly animate PredictWind’s advanced forecasts. Following the success of the Offshore App, we’re releasing this unique display technology across all other platforms, including the forecast website, Android and iOS Apps
Posted on 24 Jun
Extreme Sailing Series™ partners with Cisco Systems
The global technology company will provide exclusive networking solutions that will transform wireless connectivity The first venue at which members of the public, race officials and sailors will benefit from the Cisco WiFi solutions will be Cardiff – the third Act of the 2016 season – where the action gets underway on the water on 23 June. As an Official Series Supplier, Cisco will provide similar facilities at the remaining Acts of 2016.
Posted on 22 Jun
Volvo Ocean Race makes key changes to its leadership team
The re-shuffle which follows Mark Turner’s appointment as CEO, is aimed at driving innovation of sailing’s offshore race Lawrence is currently Race Director of the Extreme Sailing Series, and arrives with bags of sailing and commercial expertise, having previously managed events in all of the territories that will be visited during the 2017-18 edition.
Posted on 21 Jun