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The Guernsey-headquartered Bachmann Group has announced a partial management buyout of its principal operations.

Guernsey's wealth of leading funds services experts played a critical role in Taylor Maritime Investments arrival on the London Stock Exchange..

Independent professional services group Praxis has added the latest Amels 60 superyacht '21.12' to its growing fleet of integrated yacht services clients.

Having spent 16 years at sea specialising in safety and operational management across private and commercial yachts, I have seen first-hand how the captain’s role has evolved. The challenge today is no longer simply running a safe and efficient yacht – it is being able to demonstrate, consistently and under increasing scrutiny, that the yacht is being operated to a defensible professional standard.

When crew turnover is high and safety management lacks oversight, even the most luxurious vessel can face operational risks, inefficiencies and compliance challenges.

Imagine you are an importer who has paid for goods in full, whose vessel has duly arrived, and whose documentation is entirely in order, only to find your cargo detained at the port because of a debt owed by the charterer, a party with whom you have no contractual relationship whatsoever.

Yacht ownership is shifting from a leisure pursuit to a strategic asset within family office and private wealth planning. The shift is driven by broader trends, including increased global mobility, remote working and growing expectations around how significant assets contribute to long-term value.

Wealth means luxury toys and the most luxurious of all has to be the yacht. Whether a sleek 45 knot, 25 metre power-cruiser, or a state of the art ocean going racer-sailer, the wealthy international businessman will want to play with one at some time in his life