The superyacht industry is running out of time to become sustainable, a new report from MB92 finds. If it wants the oceans to survive.
“The cost of inaction is evident and will be extremely dire for our oceans and industry,” said Pepe García-Aubert, president and CEO of the MB92 Group. “However, I am convinced that through a collaborative approach, our industry can rise to the challenge and achieve our goal of a sustainable future for superyachting.”
MB92, the world’s biggest superyacht refitting group, consulted key stakeholders from the industry and environmental NGOs for a broad discussion on the path ahead for the luxury yacht sector. Among the topics discussed were advances in new propulsion technology, life cycle assessment tools and international regulation.
MB92, which announced its own five-year sustainability plan in 2021, is committed to assuming a leading role in this urgent industry transformation, as the superyacht industry will have to become sustainable if it wishes to survive. Its shipyards are among a handful in the world that can offer all boats the possibility to plug into onshore power, eliminating the need for the use of a boat’s diesel engines during the refitting process. In addition, all of the Barcelona shipyard’s energy comes from renewable sources. The Group’s policies to reduce emissions from paints are among the most advanced in the sector, hauling boats out of the water to avoid contaminating the sea and using technology to diffuse airborne paint particles.