Two more companies have joined the German superyacht industry group
Switch maker Albrecht Jung and international law firm Clyde & Co have both joined German superyacht industry association Deutsche Yachten as members. The group aims to promote the capabilities and achievements of Germany’s world-class superyacht sector.
The addition of Clyde & Co, which has a superyacht legal team working internationally, emphasises that Deutsche Yachten is open to both service providers in the superyacht market as well as such as yacht builders and equipment manufacturers and suppliers.
Clyde & Co recently opened an office in Hamburg that is dedicated to the marine and insurance sectors, with particular expertise in yachting, shipping, admiralty and pilotage. “We are proud to have become members of Deutsche Yachten,” says partner Dr Tim Schommer. “We look forward to strengthening our relationships with Deutsche Yachten members as well as at continuing to provide top-level service for yacht projects of varying sizes and advice on yacht claims work.
“We, Clyde & Co, have been at the heart of the superyacht world since the 1990s. We have advised on some of the biggest and highest-profile projects of the past 20 years and represented owners, shipyards, banks, managers, charterers, insurers, designers and more. We opened an office in Hamburg in 2019 with prominent lawyers in the German market, including my colleagues, Dr Volker Lücke, Dr Detlef Zschoche, and English-qualified solicitor Daniel Jones.”
Albrecht Jung already trades its switches and controls in many countries, but sees a clear benefit in membership. “Due to the partners in the Deutsche Yachten network, and the association’s presence at many fairs worldwide, we see great potential to further expand our market position internationally,” says key account manager, Axel Klaukin.
“Lürssen, Abeking & Rasmussen, as well as the Lloyd Werft are Jung’s long-standing partners in the area of megayachts. Hapag Lloyd and TUI Cruises are, for example, our cooperation partners regarding cruise ships. In this instance Jung equips new construction projects with its products and solutions,” he continued. “Jung stands for precision work ‘Made in Germany’.”
Deutsche Yachten points to its growing membership as a vote of confidence in the future of the superyacht sector globally, not just in Germany. Jung points to the need for 25 of the world’s largest yachts to undergo technical upgrades, particularly around the replacement of low-voltage lighting systems to LEDs.
“Furthermore,” Klaukin explained, “it seems the market for big yachts is still not saturated; for the charter market, there will be an increasing demand for yachts longer than 130m.”
Deutsche Yachten is a working group within the Association of German Boat- and Shipbuilders (Deutschen Boots- und Schiffbauer-Verbandes). DBSV president Torsten Conradi of judel/vrolijk says: “We always welcome new members with particular delight. Deutsche Yachten is all about building new contacts and discovering new commercial possibilities together. I firmly believe that this collaborative environment helps us to solve problems and uncover new opportunities more effectively. Together, we make the German superyacht industry stronger.”