Monocle Fractional Yachts – the pioneer of the fractional yachting program – has created a new opportunity for yacht ownership with the custom-designed steel-hull yacht Destination. This ship represents a new approach to yacht ownership and design. Destination’s owners will have the chance to contribute to the design of this world-class 5-stateroom marine masterpiece as it is built. At the same time, they will benefit from Monocle’s rigorous management approach. The Monocle approach to yacht management now marries three powerful ideas. First, owners only pay for the share of the yacht they will use.

Second, owners are relieved of the daily pressures and hassles of managing a yacht by Monocle’s seasoned team. Finally, with Destination, owners are paying for their yacht and not for the middlemen, yacht brokers, retailers and other actors who typically inflate the price of a luxury yacht. Monocle’s focus remains on the management of yachts. It has partnered with a global shipbuilding leader to control the costs of yacht purchase and Monocle controls the costs of yacht management using techniques and experiences gleaned over decades of yacht and other high-cost asset management. This revolutionary concept reduces the purchase cost by more than half and cuts the yearly management costs by even more when compared to older approaches to yacht ownership.