page 1
page 2
page 3
page 4
page 5
page 6
page 7
page 8
page 9
page 10
page 11
page 12
page 13
page 14
page 15
page 16
page 17
page 18
page 19
page 20
page 21
page 22
page 23
page 24
page 25
page 26
page 27
page 28
page 29
page 30
page 31
page 32
page 33
page 34
page 35
page 36
page 37
page 38
page 39
page 40
page 41
page 42
page 43
page 44
page 45
page 46
page 47
page 48
page 49
page 50
page 51
page 52
page 53
page 54
page 55
page 56
page 57
page 58
page 59
page 60
page 61
page 62
page 63
page 64
page 65
page 66
page 67
page 68
page 69
page 70
page 71
page 72
page 73
page 74
page 75
page 76
page 77
page 78
page 79
page 80
page 81
page 82
page 83
page 84
page 85
page 86
page 87
page 88
page 89
page 90
page 91
page 92
page 93
page 94
page 95
page 96
page 97
page 98
page 99
page 100
page 101
page 102
page 103
page 104
page 105
page 106
page 107
page 108
page 109
page 110
page 111
page 112
page 113
page 114
page 115
page 116

92Isea&iIAUTUMN 2011

What does your new role at CNI mean for you and the company? The Rodriguez Group, which incorporates CNI, recently restructuredits management in a manner better suited to a public company. I am happyto be on the CNI board and plan to help put in place a new management team.Times have changed and companies today need to be more proactive andgeared to the modern business climate, as well as making the most of theinternet. It's also crucial to keep a close eye on emerging countries, such asBrazil, Russia, India, China and other Asian markets. We will be lookingat jointventures and franchises, as well as wholly owned offices. CNI was the firstyacht broker to have a website. We have lost some of our innovationsince thosedays, but I anticipate we will soon be back at the top.Is the industry completely different nowadays, or is there still a similar vibe?I have seen many changes over the years. When we started in1960 there were no private harbours and such 'superyachts' as therewere (either built before the war or smaller warship conversions) were all inCannes or Monaco. The old Roman port of Antibes was tiny and Monaco didnot have its sea wall - it was a bad place to be in winter. The industry is very different now. The number of superyachts isincreasingall the time and the widespread, high-quality infrastructureisjust about keeping pace with the number of yachts. One concern is the pressureonthe infrastructure in the western Mediterranean, but with development inthe eastern Mediterranean the load can be spread. This also applies to theAdriatic, where the new Porto Montenegromarina will have a big impact. The vibe is still there. People are passionate about yachts. Theincrease in the number of large sail boats is nice to see; the notion that they aregreener probably helps. Today's round-the-world racing is remarkable, and nowthat the America's Cup has switched to dramatic multihulls it's bound to widenthe scope for really high-performance sailing. The proliferation of large power boats is what has driven the business endof the large yacht industry. This is where most of the money is, in bothbuilding and charter. Since the early 1960s, when Jon Bannenberg was justabout the only designer dragging yacht construction into the modernera,there has been a proliferation of talented designers. What is surprisingisthat in the power-boat world the interior architects are now better knownthan the naval architects. This is not so apparent in the sailing yacht world.The challenge lies in the ability of the top yards to design, build and deliverthese ever-more sophisticated yachts, and to find highly talented sub-contractors to deliver the requirements of the owners and their architects. CNI focusinprofileAUTUMN 2011I sea&iI93George Nicholson established CNI on behalf of Camper andNicholsons Ltd in 1961. After a few years taking a back seat in thecompany, he recently resumed a more active role. Here, he relives the past and predicts the future Above:Porto MontenegroLeft: George Nicholson