Spanish Marine Industry: The 2018 Resurgence
VHR are delighted to announce opening of our new office in Valencia, Spain. Opening its doors on April 5th, VHR’s new office in Valencia will be based in the heart of Valencia’s America’s Cup Port – a port with a long history and fascinating place in the Spanish Marine industry.
2007 & 2010 America’s Cup
Formerly known as the Port America’s Cup between 2007 and 2010, and Marina Real Juan Carlos I until 2017, the Marina de Valencia rose to fame by hosting the 32nd America’s Cup.
The 32nd America’s Cup attracted 70,000 spectators onshore and over 800 boats. Twelve racing teams fought for the coveted trophy, culminating in the final victory of the Swiss team, Alinghi, who beat Emirates Team New Zealand in the grand finale.
In 2010, the 33rd America’s Cup was also celebrated in Valencia with just two teams competing: Alinghi and BMW Oracle (USA), who competed under the name of USA 17. After a tough battle, Team USA 17 claimed first place and the America’s Cup followed them to San Francisco.
The first European celebration of the historic international competition allowed the development of first class marine facilities, creating a space that still blends cultural, commercial, leisure and Marine activities. The Marina de Valencia now boasts new buildings with impressive architecture design, 436 moorings for boats with an overall lengths of 8 to 29 metres at the Marina Sur, and 172 moorings for 92 Superyachts with an overall length of 30 to 140 metres at the Marina Norte.
VHR attended the America’s Cup 2017 – find out more about our partnership with ANEN, the Spanish Marine Trade Association, and our market presence in Spain.
F1 European Grand Prix
The Marina de Valencia hosted the F1 European Grand Prix between 2008 and 2012. The Grand Prix passed around the swing bridge and the America’s Cup inner harbour, setting the pit lane with the teams’ boxes and the starting line in the fourth shed of the harbour.
Marine de Valencia: New Beginnings
After a difficult few years, Valencia’s Marine industry is beginning to attract new business development with a focus on innovation and technology. CEO of supermarket Mercadona, Juan Roig, is driving the start-up initiative, the ‘Marina de Empresas’, to support sustainable business and build an innovation hub for global and start-up companies based in Valencia. Valencia’s Marine industry is already booming with the arrival and investment of the repair and refit company Varadero Valencia Shipyard, the builders of TP52 yachts King Marine, Future Fibres Rigging Systems and America’s Cup Team Victory Challenge.