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Reflecting on an Extraordinary 2023

Reflecting on an Extraordinary 2023

2nd January 2024

As we bid farewell to an incredible year, it's time to reflect on the remarkable journey we've had at IYC in 2023. We're excited to share with you a video that encapsulates the highs, the milestones, and the teamwork that defined our year.

CEO, Raphael Sauleau, commented, “In 2023, IYC achieved remarkable milestones, reinforcing its position as a leader in the luxury yachting industry. This year was marked by a significant expansion in both our Charter and Yacht management fleet, as well as a strong activity on the sales front including several new builds and agreements such as the Armani Project, and last but not least, a strengthened commitment to sustainability."

From dazzling displays to immersive experiences, IYC left an indelible mark on the yacht shows we participated in this year. From our exceptional yacht lineups and partners to the introduction of two new hospitality efforts, THE LOUNGE by IYC at the Monaco Yacht Show and LA MAISON BLANCHE by IYC at the Fort Lauderdale International Boat Show, there were a host of new dimensions added to the IYC yacht show experience. 

Executive Chairman, Stefanos Makrymichalos shares, "2023 was one of the most transformative years in the Company’s history brought by the change in leadership and convergence of technology. It was a year of growth where we saw almost every departments revenues increase beyond our expectations due to the passion and hard work of our team. 2023 was also a year of expansion, whether by increasing its geographic footprint in new territories, or by integration of the new, very talented, people who joined our ranks."

This year saw the company open its 15th office, increasing the company's footprint worldwide, strategically located in Dubai

Indeed, we also look back fondly on celebrating our teams worldwide at the Excellence Awards held annually during the Palm Beach International Boat Show as well as highlighting our yachts' successes at the Antigua Charter Yacht Show.

It goes without saying that our success wouldn't be possible without the invaluable partnerships we formed in 2023. We extend our heartfelt gratitude to the collaborators who joined us on this exhilarating journey. Together, we created synergies that resonated with our audiences worldwide, and we look forward to achieving new heights together in the coming year.

IYC showed a continued commitment to upholding its responsibility as an environmentally conscious company and is taking the necessary steps to increase sustainability in company operations, promote best practices across yachts in its fleet and raise awareness throughout its network. Through partnerships with organizations such as Common Seas, Desmos, and the planning of beach cleans, we showcase pride in the values that see organizations dedicated to making a positive impact on our shared environment and people.

2023 also saw an exciting influx of new yachts into the IYC fleet. Each vessel brought its own unique charm, contributing to our diverse and prestigious lineup. From iconic additions to exceptional new builds, we are proud to showcase the essence that defines IYC's commitment to excellence. To name just a few, we look back fondly at the appointment of CA and sale of 153' (47m) PETRATARA, 143' (44m) GISA, 164' (50m) HOSPITALITY, 181' (55m) NEXT CHAPTER, 164' (50m) SEAGULL MRD. 

2023 also saw exceptional sales for IYC, and notably the record-breaking sale of three 70m new-build Admiral superyachts to one same owner. Year to date, IYC sold yachts for a total value over $550 Million, with the largest sale being that of the 231' (70m) Lürssen, SAINT NICOLAS and a total of 39 yachts above 98' (30m) sold.

Remarkable growth was also recorded in the Yacht Management department, with a fleet growing almost twice its size from January to December 2023, with an almost equal split globally between the main hubs in the USA, Greece, and the UK. 

This year, IYC was also proud to solidify its position as the largest charter fleet in the world, surpassing 150 yachts under charter management as well as revolutionizing the charter booking experience with the introduction of RESERVE by IYC. With a quarter of retail charters generated through the website, the value in creating and developing features like these is paramount.

Anna Granlund, Head of Charter Management Monaco, commented, "Our strength is our capacity to cater to the specific needs of different owners and building long terms relationships that last for decades. I’m excited to start a new year and look forward to continued cooperation with old and new owners, captains, brokers and IYC colleagues. It’s by working together as a team that we deliver the best results." Just a few highlight additions to the charter fleet were 221' (68m) LOON, to the game changing 143' (44m) THIS IS IT, 163' (50m) ELA, 183' (56m) GALILEO, 145' (44m) LA LA LAND, 153' (47m) KB6 and many more.

With 11 yachts currently under build with IYC ranging from 131' (40m) to 246' (75m), we look forward to delivering exceptional projects for our clients to enjoy and expect equally exciting additions to our fleets and offering for our clients worldwide in the years to come.   

Michel Chryssicopoulos, Global Managing Partner, added, “2023 marked a great year for IYC, not only in terms of number of sales but also for exceeding the milestone of 150 superyachts in its global charter fleet. The revamped marketing team delivered amazing results and the company’s substantial investments in digital is now delivering tangible results for the company’s superyacht owners. The website’s RESERVE function was the first of many features which will be launched in the new year. New partnerships and alliances, in tandem with notable new build deliveries expected in 2024, will further solidify the company’s leading position in the global superyacht industry.”

As we wrap up this extraordinary year, we express our deepest gratitude to everyone who played a role in making 2023 a resounding success. Thank you for your unwavering support, dedication, and enthusiasm. The memories we've created together are the building blocks of our future success.

Stefanos Makrymichalos, concludes, "In 2024 a new chapter begins and I remain optimistic of the prospects and opportunities that lay ahead. I expect the industry consolidation to speed up in the coming year as more regulations are introduced and the demands of clients become even more rigorous. IYC has the resources and the adaptive mentality, but also the tools and abilities to capitalize on these changes. As we navigate the evolving landscape of our industry, innovation will be at the forefront of our strategy. Our commitment to excellence remains unwavering, and have the plans in place to further enhancing our services and offering. We will continue to invest in research and development, fostering a culture of creativity and innovation. Furthermore, we will continue to prioritize sustainability and corporate responsibility. Recognizing the growing importance of environmental and social issues, we will be embracing sustainable practices and contribute to the communities we operate in, in hope that we can deliver long-term value for both our Company and society."

Looking ahead, the coming year holds the promise of new adventures, fresh collaborations, and even greater achievements. We are confident that the best is yet to come for IYC and the industry we serve.

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