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.



InSunSport - NZZhik Isotak Ocean 660x82Barz Optics - Melanin Lenses

Related Articles

World's First photochromic bi-focal sailing glasses by BZ Optics
BZ Optics, an Australian start-up company have just developed unique sunglass which is specifically designed for sailors BZ Optics- an Australian start-up company have just developed a unique sunglass which is specifically designed for sailors who require glasses to read their watch, computer, digital screens or charts while sailing in no or low light conditions.
Posted on 28 Sep
Mirabaud Yacht Racing Image exhibition at the World Sailing conference
The Mirabaud Yacht Racing Image award keeps growing and improving its structures. World Sailing’s annual conference reassembles World Sailing member national authorities, Committees, Sub-committees, Commissions, Class Associations, sailors, event organizers, boat manufacturers and observers. Up to 700 delegates are expected in Barcelona this year.
Posted on 26 Sep
Olympic Gold medalist and Volvo Ocean Race winner up for WS Board
Torben Grael (BRA) is amongst the 15 nominations for one of seven places on the Board of Directors of World Sailing Torben Grael (BRA) is amongst the 15 nominations for one of seven places on the Board of Directors of World Sailing in November. The five times Olympic medalist, Volvo Ocean Race winner and several times America's Cup competitor will bring a much needed sailing edge to the Board of World Sailing if he can navigate the politics of the controlling body of the sport.
Posted on 25 Sep
Southern Spars en route to Monaco – Stand QSE2
It’s been another big year for the NZ based company, there's lots of exciting things to talk about the Monaco Yacht Show It’s been another big year for the New Zealand based company, giving us lots of exciting things to talk about at the 2016 Monaco Yacht Show like our two big projects Adix and Aquijo. Adix, the three-masted 65-metre Dykstra schooner, has been transformed by a rig refit by Southern Spars and Future Fibres.
Posted on 22 Sep
Tony Parker - Basketball player and ambassador of the Bridge
Tony Parker, basketball player with an exemplary sporting career, took advantage of visiting France to launch 100 Club This important meeting took place last Saturday morning on 17th September in Nantes, between Tony Parker, godfather to the Bridge, and the companies which support this Franco American initiative, which will celebrate 100 years of fraternal exchanges between two countries. Tony Parker, the basketball player with an exemplary sporting career, took advantage of visiting France to launch the 100 Club
Posted on 22 Sep
Terry Kohler, driving force of North Technology dies at 82
Terry Kohler who purchased North Sails was the driving force behind the North Technology Group, has died aged 82 Terry Kohler who purchased North Sails from Lowell North over 30 years ago and was the driving force behind the North Technology Group, has died aged 82. With the combined company of North sails and Southern Spars, Kohler created the 'Engine above the Deck' concept which married the technology used to build the sails and spars to be designed and work as an integral unit.
Posted on 21 Sep
The Newport International Boat Show is opening next week!
Newport Exhibition Group has secured a record number of exhibitors, and organized more educational activities Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today that it has secured a record number of exhibitors, and organized more educational activities and attractions for showgoers than ever before.
Posted on 9 Sep
Brookes and Gatehouse Videos with Knut Frostad
Navico, the parent company for Brookes and Gatehouse (B&G), Simrad and Lowrance have prepared some terrific videos Navico, the parent company for Brookes and Gatehouse (B&G), Simrad and Lowrance have prepared some terrific videos with Knut Frostad, the legendary Volvo Ocean Race sailor and former CEO. See him talk about sailing in general, the B&G product choices and placement he made for his own boat, and then why he loves his Outremer 5X.
Posted on 8 Sep
Bavaria C57 – Something big is coming
Bavaria Yachts presents a new revolutionary sailing yacht, in the form of the new Bavaria C57, at the Yachting Festival Bavaria Yachts presents a new revolutionary sailing yacht, in the form of the new Bavaria C57, at the Yachting Festival in Cannes. The innovative design, the smart layout, the high-quality equipment and build quality, and the impressive performance set new standards - and not only for Bavaria Yachts. …..Something big is coming.
Posted on 8 Sep
Zhik sailors win 17 sailing medals at 2016 Olympic Regatta
The 2016 Olympic games are over and what a Games they have been - Zhik sailors dominated Zhik sailors won almost 60% of the medals contested at Rio de Janeiro. It was a regatta which tested sailors and gear - with one day being the most severe conditions ever experienced at an Olympic regatta. For the Zhik team riders on the waters of Rio, four years and more of hard work and dedication have paid off for many.
Posted on 29 Aug