Michele Gavino elected to the board of the Superyacht Builders Association
Michele Gavino, CEO of Italian superyacht builder Baglietto, was elected to the board of the Superyacht Builders Association (SYBAss) during its annual general assembly last month. The event was held at the Yacht Club de Monaco on the eve of the Monaco Yacht Show.
“I am pleased to welcome Michele Gavino to the board of SYBAss,” said SYBAss secretary general Theo Hooning. “With board members hailing from Germany, Italy, the United States and the Netherlands, the board continues to reflect the global composition of SYBAss members.”
The SYBAss board for 2019-2021 now comprises Michael Breman (Lürssen Yachts, president), Fabrizio Sgariglia (Perini Navi, vice-president), Michelle Jones (Delta Marine), Jan-Bart Verkuyl (Feadship), Michele Gavino (Baglietto) and Theo Hooning (Secretary General).
The SYBAss general assembly has become a unique event that sees many leaders of the superyacht building sector come together to discuss the latest market information and regulatory changes. A highlight of the recent meeting was the analysis of the world economy and its impact on buyers of superyachts, delivered by former Boston Consulting Group analyst Erik Floor.
In his presentation, Floor spoke of slowing global economic growth, noting that the lower order book for 2019 was reflective of the caution felt in the markets. He also noted that billionaire growth continued to outpace superyacht ownership, suggesting that the industry do more to appeal to new prospective buyers.
SYBAss’ technical and environmental director, Lorenzo Pollicardo, provided an update on the regulatory landscape. Underscoring the importance of working together, Pollicardo stressed that upcoming legislation is likely to impact the superyacht industry with IMO’s increasing focus on maritime pollution.
He noted that yachts were not exempt and that we must prioritise innovation before legislation and proactively seek new solutions.