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Opinion
One hundred issues ago – cover date February 1989 – when ShowBoats International launched in its present incarnation as the journal of record for the luxury yacht industry, the world of big-boat building was a much smaller place.

Underway: The More Things Change…

One hundred issues ago – cover date February 1989 – when ShowBoats International launched in its present incarnation as the journal of record for the luxury yacht industry, the world of big-boat building was a much smaller place. Everyone knew each other – owners, builders and suppliers alike; and they knew all the yachts as well as they did their own children. When they strolled the docks of Pier 66 in Fort Lauderdale or Port Hercules in Monaco, they could quote the specifications of every significant vessel in port, including when and where she was built, and the names of everyone who’d owned her.

What a difference 16 years makes. Today, the luxury yacht industry has grown into a multibillion-dollar juggernaut that nothing, not even the present weakness of the dollar against the euro, seems to be able to slow down. Now there are so many megayachts on the water that when you glimpse one under way, it often takes a second look to place her.

The average size of the yachts themselves also has increased. Back in ShowBoats’ early days, a motor yacht build over 200 feet was a rare occurrence. Now, the extreme projects are in the 400-foot range, such as the 454-foot Lürssen Rising Sun. Yachts the size of our cover boat, the 164-foot Codecasa Andale, are considered comfortable midrange vessels – the perfect size for family cruising.

But, as the saying goes, the more things change, the more they stay the same. Marilyn Mower’s nostalgic 100th issue retrospective, page 117, clearly illustrates that. Many of the people and the yachts mentioned there are still with us today. While some familiar names, like Technomarine, have gone, most of those in operation when ShowBoats began are still thriving. Many have formed partnerships and mergers, like the vast Ferretti Group. Some, like Palmer Johnson, have fallen on hard times and then come roaring back – witness PJ’s successful new 123-foot Raised Pilothouse Series Alter Ego, in this issue.

Over the past few weeks, I’ve had a couple of déjà vu experiences that brought me full circle with the February 1989 issue of ShowBoats. I had lunch with Tom Lewis, the new owner of the once-acclaimed Fort Lauderdale shipyard featured in that issue in Jim Gilbert’s story "Browards at Play."

Lewis fell prey last fall to the old marine cliché, "I wanted to buy a yacht and ended up with the shipyard," when he tried to purchase the last 106-foot motor yacht building at Broward. But his business background as a major real estate developer and contractor should stand him in good stead as he revives the Broward brand. "We have a golden opportunity not to put the company back on the feet it once was on, but to take it far beyond," he said.

I also joined John and Jeanette Staluppi for a run off Freeport in their 140-foot Millennium The World Is Not Enough. Although the twin-turbine-powered tri-deck motor yacht is capable of speeds well in excess of 60 knots, we were taking it easy due to rough seas. It was an extremely quiet ride – so quiet, that I was surprised to look at the GPS and see it register 30 knots. A 50-foot Ocean sportfisherman struggled to keep pace alongside. "He’s to the max," Staluppi chortled as we pulled ahead.

Staluppi’s competitive nature landed him on ShowBoats’ first cover, above, with the 132-foot, 53-knot Octopussy. In 1992 he launched the even faster 116-foot Moonraker. It’s owners like this whose love for yachts and for the art and science of building them keeps our industry alive.

The luxury yacht industry may be a multibillion-dollar business, but it’s still just a big family – one of which ShowBoats is very proud to be a member.

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