Isle Of Man / Ellan Vannin

Isle of Man aims for super-yacht boost from Monaco show

Monaco
Image caption The super-yacht industry employs about 100 people on the Isle of Man

Officials hope more super-yachts could be registered on the Isle of Man after the Monaco yacht show later this month.

Four government representatives are travelling to the famous tax haven in the hope of attracting more business.

The island's super-yacht industry has grown by 20% in the past year and there are currently 95 commercial yachts registered with the Manx flag.

The Isle of Man government is confident business will increase as a result of having a presence in Monaco.

Director of the Isle of Man Ship Registry Dick Welsh said: "It is difficult to quantify how much the industry is worth to the Isle of Man.

"The registration charge is £700 but then there is the technical management, crew management, chartering and insurance.

"It's a thriving industry which employs around 100 people on the Island."

The Manx registered yachts on display at Monaco include Azteca, a 236ft (72m) pleasure ship with an area on board set up as a beach club.

The Monaco Yacht Show takes place between 22 and 25 September.

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