8 Yachts launches into the superyacht management market

8 Yachts Ltd have announced their launch into the superyacht management market, representing a unique company providing management as well as consultation services to only eight superyacht owners.

By limiting the number of Yachts they manage to just 8 and by focusing exclusively on yacht management, 8 Yachts can work solely in the best interests of each owner.

8 Yachts is the brainchild of experienced independent superyacht managers Jim Passmore and Guy Waddilove. The founders of 8 Yachts seek to address two major failings in the current industry; that the levels of hands-on expertise and service promised to owners in the initial meeting cannot be delivered by managers overseeing a large fleet and that basic conflicts of interest arise when management companies act as charter agent, yacht broker and crew agent. 

With over 40 years’ combined experience in the superyacht industry, Jim Passmore and Guy Waddilove have operated large yachts all over the world. For the last decade they have focussed on superyacht new builds and operations management. 

Both are licensed captains and members of the International Institute of Marine Surveying. Guy is a qualified Marine Surveyor and has ISM (International Safety Management) credentials while Jim has an Executive MBA and a Diploma in Project Management.

Jim Passmore said, “Whilst there are many companies offering management services, few are hands-on enough to allow owners to benefit from the savings that detail-orientated, proactive management can bring. Our owners regularly see a 30% reduction in costs; a significant annual saving that is simply not achievable with managers overseeing large fleets, which is the current norm within the industry.”

Guy Waddilove commented, “8 Yachts will focus exclusively on managing boats and overseeing new builds and refits based on a clearly set out and agreed fee structure.

“We can’t promise our clients a high quality coffee table brochure each year; or that they will be able to visit us at offices in Monaco, London, New York or Moscow, but we commit to being there to offer sound advice whenever they pick up the phone, and working hard to improve their experience whilst saving money.” 

With representation in the northern and southern hemispheres, 8 Yachts is equipped to cover its fleet whether they are cruising in Europe, the Caribbean, the Pacific or Southeast Asia.

For more information visit 8 Yachts Ltd