Friday, October 10, 2014

Letter from the president - October 2014

A few days ago AENIB joined the plenary session of the Palma Town hall to express the support of the association for the reform of Club Maritimo Molinar. The association considers the reform essential not only for revitalizing the area, but also to keep alive the oldest nautical entity of the Balearic Islands. In this newsletter we also deal with the recent decision to allow charter activity for non-EU flagged yachts in the Balearics, the approaching Barcelona Boat Show, the adaptation of the British Large Yacht Code into the Spanish legislation and other current issues.

At AENIB we are convinced that the reform of Club Maritimo Molinar is essential. The recreational nautical sector is one of the most important segments of the Balearic economy (the ever-increasing number of new vessel registrations in the islands provides sufficient proof of this). According to the calculations by the professor of geography at UIB, Onofre Rullán (Diario de Mallorca 26/09/2014), the club could achieve 11 million euros in benefit with the extension of the port, which would mean double return on the initial investment. The upgrade of the port would bring along revaluation of the whole area, increase the commercial activity and generate around 150 new jobs (between direct and indirect ones). AENIB has been collaborating with the Club to plan a renovation project that respects the environment, is open to the public and fits in with specific environment of the El Molinar neighborhood. We believe that this project is a great opportunity, not only for the nautical sector, but for the City of Palma itself. The reform should be carried out, otherwise we run a risk of losing the oldest nautical entity of the Balearic Islands.

A few weeks ago the local government authorized charter activity for non-EU flagged vessels in the Balearic Islands. The decision is a result of numerous meetings that AENIB, with the support of ANEN, had with the corresponding authorities to highlight the necessity of opening up our charter market to said vessels. According to the new regulations, non-EU flagged vessels above 14 m of length can offer charters in the Balearic waters, when evidence is provided that EU-flagged yachts of similar characteristics are not available. The owners have to apply for a license and comply with corresponding requirements in order to carry out charter activity. We believe this is a very positive development that will position the Balearic Islands as a nautical destination a bit closer to our competitors.

Another novelty that has been added to the legislative framework (this one at a national level) is the adaptation of the British Large Yacht Code to the Spanish normative. In summary, this means that the regulations that determine how these yachts are built will be harmonized with the major part of the industry internationally, which will lead to increased competitiveness of our superyacht sector. We would like to take the opportunity to praise the work by both ANEN as well as AEGY as the prime movers behind this agreement, and encourage the central government to continue adopting measures to bring the legislation concerning the Spanish nautical sector to the same level as our competitors.

Within short the Barcelona Boat Show will take place. It is one of the main events of the nautical sector in our country. We will participate together with ANEN in the various functions that will take place, and naturally give support to those of our associates who exhibit at the show. Taking into account the media interest that the show generates, many legislative and fiscal novelties that will affect our day to day labour as entrepreneurs will be published. AENIB will be there to protect your interests and to make your voice heard. For those of you who are going to visit the show, we have created on our Facebook page different events with the main activities to be carried out that can be of interest to you. We will keep you informed of all the news as we receive them.

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