Praxis

From ownership structuring to crew, Praxis manages a fleet totalling more than 3,000m in length. Find us at Monaco Yacht Show this week: Praxis Lounge, Vivaldi, 6 Route de la Piscine, Monaco.

I spend a lot of my time talking to captains and owners about what “safety management” actually means in practice, and the honest answer is that the bar has moved. It's no longer enough to run a safe yacht; you need to be able to show it, to an insurer, a regulator, or an owner asking harder questions than they used to. This article covers why structured, digital SMS is becoming the difference between a system that protects the vessel and one that's just another folder of paperwork. Its worth a read if you're a captain, fleet manager, or owner thinking about this.

One thing that comes up again and again with the families we work with: a yacht doesn't behave like a simple lifestyle purchase. Once you look at the real numbers, running costs alone can be 10–15% of the vessel's value a year. The families who manage this successfully don't treat yacht ownership as a standalone asset. Instead, they consider ownership structures, charter strategies and succession planning as part of the wider wealth and estate planning conversation. I've written an article about what this looks like in practice - it's worth a read for family office advisers and those working with yacht-owning families

A yacht's safety management system used to be paperwork. Now it's how captains, owners and insurers prove a vessel is properly run. Our latest piece looks at why structured, digital SMS matters more than ever, and what happens when it's done badly.

That's what's behind every yacht Praxis manages. At Monaco Yacht Show this week? Come and meet the team — Praxis Lounge, Vivaldi, 6 Route de la Piscine, Monaco.

That's not a marketing line — it's how long one client has trusted Praxis with their yacht. At Monaco Yacht Show this week, come and find out why: Praxis Lounge, Vivaldi, 6 Route de la Piscine, Monaco.