Please select your home edition
Edition
SW newsletters (top)

HKCYIA signs MOU with Verventia for yachting development support

by HKCYIA 24 May 2019 22:29 PDT 17-23 November 2019
Kara Yeung, Executive Director of Hong Kong Cruise and Yacht Industry Association © Asia Pacific Superyacht Conference

The Hong Kong Cruise and Yacht Industry Association (HKCYIA) has signed a Memorandum of Understanding (MOU) with Verventia Pte Ltd to help develop, organize and operate an annual Yachting Festival in Hong Kong under the auspices of the International Cruise & Yachting Festival – International Cruise & Yachting Festival (Hong Kong) (ICYFHK).

The MOU was signed between Ms Kara Yeung, Executive Director, HKCYIA, and Mr Andy Treadwell CEO, Verventia, at the Asia Pacific Superyacht Conference (APSC) in Singapore on April 11, 2019.

The International Cruise & Yachting Festival (Hong Kong) 2019 (ICYFHK 2019), is expected to be a scale-up of the International Cruise & Yachting Festival (Hong Kong) 2018. Scheduled to be held during the Hong Kong Maritime Week 2019 (HKMW 2019) between November 17 and 23, 2019, the Festival aims at promoting the maritime tradition of Hong Kong, raising public awareness of the maritime and yachting industries and encouraging employment.

Verventia is a leading boat show organiser in Asia and has organised and managed the Singapore Yacht Show for nine years and the Thailand show for four years. At the signing ceremony, Yeung said, “Yacht shows are important social events within the industry. Partnering with Verventia will undoubtedly buildup ICYFHK in the international yachting world to a crescendo in the coming years.”

She said the synergies from combining cruise, yachting and nautical tourism would be tremendous. Discovering the outstanding natural beauties of the Hong Kong UNESCO Global Geopark and Hong Kong’s 260+ outlying islands by water could be developed as one of the most sought-after yachting hot spots in Asia. The benefits would likely spill over to other tourism and business sectors such as MICE and would attract businesses and investments to Hong Kong and the Greater Bay Area (GBA).

To promote the sustainable development of the cruise and yachting industry in the China, Hong Kong and Macao markets, HKCYIA will arrange a series of activities including the “Guangdong – Hong Kong-Macau Greater Bay Area Maritime Commerce & Economic Development Expo” during the HKMW 2019. Representatives of cruise companies, international yacht brands, tour operators and government maritime bodies will be invited to exchange their insights on development trends, opportunities and prospects, she added.

Yeung was a speaker at the APSC with a talk on “Paving the way for the development and growth of the Hong Kong and China yacht market” which provided delegates with insights into the yachting environment in Hong Kong and the GBA.

The HKCYIA has just announced its plan to partner with the China Merchants Industry Holding Co., Ltd. to set up a Superyacht Management Services Centre in Tsing Yi, Hong Kong.

Related Articles

Trade deal looks positive for 2020 world economy
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter Following an announcement of a trade deal between the US and China, governments globally are taking a deep breath as the economic outlook for 2020 takes a more positive turn. Posted on 16 Jan
The New Year brings an optimistic economic outlook
Peter Rendle's latest North American MarineBusinessWorld.com newsletter Happy New Year to all our subscribers and we hope that 2020 is a prosperous year for all marine businesses. While the world economy 'tiptoes' along at the moment it appears that President Trump is relaxing some trade tariffs. Posted on 16 Jan
Will electric propulsion become the norm?
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter This week's industries news emphasises the global nature of marine business and while Australian manufacturers continue to export, European products continue to be imported and electric propulsion is likely to make an increased impression. Posted on 9 Jan
Another year passes and a new decade begins
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter While we despair at the current situation in Australia and the ongoing fire emergency being experienced particularly in Victoria, South Australia and New South Wales it's the time of the year when we reflect on the past year and look forward. Posted on 3 Jan
Boxing Day and the Hobart bring mixed feelings
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter As many of us watched the Rolex Sydney Hobart start while out on Sydney Harbour or via the live television broadcast on Boxing Day, other more serious events were taking place on land. Posted on 26 Dec 2019
Mariners Diary 2020 - the handiest boating book
Everything a yacht or power boat skipper needs to know I've just received my copy of the Mariners Diary, a 426 page tome that includes everything a yacht or power boat skipper needs to know when undertaking a coastal or offshore voyage. Posted on 23 Dec 2019
Bush-fires rage but marine industry powers through
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter It's not every day that one wakes to the acrid smell of smouldering residual timber and grassland after fire has swept through the bush. But in Sydney we are becoming used to it. Posted on 19 Dec 2019
Thailand anyone? Is this the ideal job?
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter It's the time of the year when we look forward to taking a few days off over the Christmas break with the opportunity to watch the start of the Rolex Sydney - Hobart and follow the fleet down the East coast of Australia. Posted on 12 Dec 2019
Industry leaders gather to discuss boating issues
Peter Rendle's latest North American MarineBusinessWorld.com newsletter In this month's North American marine industry newsletter we hear from a panel of distinguished national boating leaders who serve as a sounding board for the nation's boater advocate, Boat Owners Association of The United States (BoatUS). Posted on 11 Dec 2019
Recycling - the industry conundrum
Peter Rendle's latest Australian MarineBusinessWorld.com newsletter As a consumer-based economy, the discussion around recycling is an ongoing subject between the cost of recycling or using land fill to dispose of our used commodities. And the boating industry is no exception. Posted on 5 Dec 2019
MBW newsletters (top)