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SilverYachts has begun a partnership with BIC Marine, a subsidiary of BIC Group, an up-and-coming Southeast Asian financial conglomerate. The official media release described the partnership as “bringing together a pioneer of advanced, eco-fuel efficient and award-winning vessels and a high-growth, entrepreneurial, strategic and financial partner”.
SilverYachts’ recent builds at the Australian Marine Complex south of Perth include the 85m luxury explorer Bold delivered in 2019, while the brand is also building 35m SpaceCats in the Pearl River near Hong Kong and Macau.
Founded by German energy, solar, healthcare and IT investor Guido Krass and leading superyacht designer Espen Øino, SilverYachts built two 73m and two 77m motor yachts prior to Bold, and another 85m explorer vessel is nearing completion in Western Australia, available for sale. The vessels are constructed in aluminium and can make very fast, quite lengthy passages at surprisingly economic fuel rates.
SilverYachts’ 85m Bold appeared at the 2019 Monaco Yacht Show
BIC Group’s Chairman, Yim Leak, is an enthusiastic yachtsman and has a 46m Codecasa called Atlas, which he cruises mostly in the Andaman Sea off Thailand with his young family. His Group is seen as “an important new partner for sales in the Southeast Asian region, as well as a financing partner for the next two SilverYachts projects”, said a spokesman.
Yim Leak said: “BIC is looking forward to our strategic partnership with SilverYachts and are confident that this is but the first step in a prosperous and exciting relationship.”
BIC Bank, Kulen Property Group, BIC Markets, BIC Insurance, BIC Trust, Global Liquidity Exchange and Duan & Duan Lawyers are all part of the conglomerate, as is now BIC Marine, spanning Thailand, Malaysia, Indonesia, Cambodia and Vietnam.
The official statement continues: “For SilverYachts, the partnership means first and foremost building on the success of its Silver Loft Hull 005, which is now Bold, with an exciting yet subtle evolution of the original Silver Loft taking shape in the form of Hull 006, the 85m Project Silver World Explorer.” The yacht is due to launch in late April for fitout and is for sale.
SilverYachts is building the 35m SpaceCat in southern China
Jointly, SilverYachts and BIC Marine will work together to expand SilverYachts’ ever-increasing global brand recognition to focus on Southeast Asia in particular, BIC Marine’s home market.
“As a new marketing partner for the ASEAN region, BIC Marine is well positioned to bring the SilverYachts product to an exciting, high-growth yachting region. Of particular interest is the newest SpaceCat, an advanced high-capability and flexible 35m vessel currently under build, and which is slated as a series ideally suited to the region.
“With its business hubs spread across cities like Bangkok, Phuket, Phnom Penh and Sihanoukville, on the Gulf of Thailand, BIC Marine will add significant regional coverage and local representation to SilverYachts’ expanding portfolio of cutting-edge, high-performance and ultra-efficient vessels.”
Existing shareholders are Guido Krass and Hong Kong-listed China Zhongwang, one of the world’s largest aluminium providers, which sometimes takes a strong equity interest in projects that it supplies.
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