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Managing Risk In The Superyacht Industry
In the last decade, the superyacht industry has boomed. Of course, with the growth of any luxury market also comes an in...
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Opening its doors on April 5th, VHR's new office in Valencia will be based in the heart of Valencia's America's Cup Port – a port with a long history and fascinating place in the Spanish Marine industry.
Formerly known as the Port America’s Cup between 2007 and 2010, and Marina Real Juan Carlos I until 2017, the Marina de Valencia rose to fame by hosting the 32nd America's Cup.
The 32nd America’s Cup attracted 70,000 spectators onshore and over 800 boats. Twelve racing teams fought for the coveted trophy, culminating in the final victory of the Swiss team, Alinghi, who beat Emirates Team New Zealand in the grand finale.
In 2010, the 33rd America’s Cup was also celebrated in Valencia with just two teams competing: Alinghi and BMW Oracle (USA), who competed under the name of USA 17. After a tough battle, Team USA 17 claimed first place and the America’s Cup followed them to San Francisco.
The first European celebration of the historic international competition allowed the development of first class marine facilities, creating a space that still blends cultural, commercial, leisure and Marine activities. The Marina de Valencia now boasts new buildings with impressive architecture design, 436 moorings for boats with an overall lengths of 8 to 29 metres at the Marina Sur, and 172 moorings for 92 Superyachts with an overall length of 30 to 140 metres at the Marina Norte.
After a difficult few years, Valencia’s Marine industry is beginning to attract new business development with a focus on innovation and technology. CEO of supermarket Mercadona, Juan Roig, is driving the start-up initiative, the ‘Marina de Empresas’, to support sustainable business and build an innovation hub for global and start-up companies based in Valencia. Valencia’s Marine industry is already booming with the arrival and investment of the repair and refit company Varadero Valencia Shipyard, the builders of TP52 yachts King Marine, Future Fibres Rigging Systems and America’s Cup Team Victory Challenge.
Following the M32 Valencia Winter Series 2018 and the World Match Racing Tour, the Marina de Valencia will host the last five legs of the world's leading high-performance monohull circuit. From 17th to 22nd September, Valencia will see the culmination of the 52 Super Series, including the announcement of the race winner and awards ceremony. From 31st October to 4th November 2018, a new edition of the Valencia Boat Show will celebrate new vessels, boat engines, accessories and nautical services.
Learn about about VHR's work in the Marine industry.
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