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Speaker 1: Welcome to Fear and Greed Sunday feature. Oh, Michael Thompson.

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Speaker 1: Last week's feature, it was all about private jets, and

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Speaker 1: I thought we may as well keep the luxury theme going.

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Speaker 1: This time it's about super yachts.

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Speaker 2: Now.

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Speaker 1: Back in May of twenty twenty two, Sean Aylmer spoke

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Speaker 1: with Brendan O'shannessy, a superyacht captain who I kid you

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Speaker 1: not sounds like he's in the same studio as Sean,

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Speaker 1: but was actually talking to him from on board a

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Speaker 1: massive super yacht on the other side of the world,

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Speaker 1: and he talks all about that. It is voyeurism at

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Speaker 1: its finest, but it's also about leadership and what it

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Speaker 1: takes to make it on board one of these incredible vessels.

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Speaker 1: So sit back and enjoy the latest installment of what

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Speaker 1: is fast becoming a Sunday luxury series.

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Speaker 2: Welcome to the Fear and Greed Daily Interview. I'm Sean Almer.

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Speaker 2: I reckon. We've heard more talk about super yachts in

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Speaker 2: the last couple of months than at any time before.

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Speaker 2: Russian olla garts have had their vessels seized in ports

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Speaker 2: around the world as a consequence of the war in Ukraine.

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Speaker 2: It certainly draws at tension to the sheer wealth and

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Speaker 2: opulence on display. After all, these are boats that can

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Speaker 2: be worth hundreds of millions of dollars. Back in twenty twenty,

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Speaker 2: we spoke with super yacht Captain Brendan O'shannessy about what

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Speaker 2: it's like on board, both for the owners and for

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Speaker 2: the crew. Now Brendan has published a book through Bloomsbury

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Speaker 2: about his experiences, about the lessons he learned working in

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Speaker 2: a high pressure environment and about the pretty extraordinary world

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Speaker 2: of the super wealthy. The book is called super Yacht Captain,

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Speaker 2: Superyacht Captain. And I'm very very pleased to say Brendan

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Speaker 2: Asenessee is my guest this morning. Brendan, welcome back to

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Speaker 2: Fear and Greed.

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Speaker 3: Thanks Sean. Great to be back with you again. I

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Speaker 3: couldn't believe when you said that intro. It is almost

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Speaker 3: eighty months, two years since we last spoke.

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Speaker 2: Yes, now look the question I love asking you where

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Speaker 2: are you? Because you could be anywhere in the world.

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Speaker 2: Ahie you Right now.

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Speaker 3: I am sitting just behind the bridge in the captain's

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Speaker 3: office on a approximately one hundred meters yacht that we've

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Speaker 3: just moved up from Seychelles to the Italian Tuscan coast.

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Speaker 2: Wow, I'm in my home office, clothes everywhere a mess.

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Speaker 2: It's wed outside just so you're not look Rennan, You've

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Speaker 2: got a great story. You started out in the Australian Navy.

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Speaker 2: How did you go from there to being a captain

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Speaker 2: on a stuper yot.

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Speaker 3: It started with that great corporate hero for me, Raider

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Speaker 3: for some Alan Bond nineteen eighty seven, America's Cup Freemantle.

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Speaker 3: I was a boy and I just saw this world

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Speaker 3: that just didn't exist on the West coast of Australia

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Speaker 3: still does not, of course, and it just lit something

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Speaker 3: inside me that I wanted to be a part of.

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Speaker 3: Took me thirteen years later to get there, and the

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Speaker 3: Navy was not a sidetrack. It was an amazing decade,

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Speaker 3: incredible experience, but I always knew where I wanted to be.

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Speaker 3: And then a few years later, a bit of time

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Speaker 3: in commercial shipping in the Middle, I had the chance

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Speaker 3: where childhood friend in the classic yachting story said you've

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Speaker 3: got three days you can get here. You can join

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Speaker 3: the boat in Monaco. I packed up everything, hopped on

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Speaker 3: a plane, joined the boat in Monaco. That's plus twenty

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Speaker 3: years ago, and that's my story.

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Speaker 2: So you were cruing and then you just sort of

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Speaker 2: went from vessel or yacht to yacht and work your

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Speaker 2: way up the ladder. Is that how it goes?

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Speaker 4: It is?

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Speaker 3: I came in with maritime qualifications and I sort of

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Speaker 3: hid those in my pocket for a while because I

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Speaker 3: wanted to learn the industry and I really needed to.

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Speaker 3: It is a different market sector. I think what I

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Speaker 3: try and promote is that it's a real career path.

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Speaker 3: It is formal, structured training. We're under the same banner

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Speaker 3: of rules as all the maritime ships. Huge employer of

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Speaker 3: young and sadly now for me not so young Australians,

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Speaker 3: and it needs to be thought of as such.

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Speaker 2: Okay, so what kind of vessels are we talking about here?

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Speaker 2: How big are they? What are they worth?

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Speaker 3: Okay, so let's go through the diaspora of yachting and

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Speaker 3: I'll define it plus twenty four meters with a permanent crew,

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Speaker 3: So we go only anywhere from seasonal employees a skipper

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Speaker 3: and maybe a partner, and they run a boat all

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Speaker 3: the way through to one hundred and fifty meters with

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Speaker 3: ninety nine crew full time doctor, full time security teams,

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Speaker 3: and all in the middle. So that's approximately five thousand

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Speaker 3: yachts cruising the world and spread across the world. And

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Speaker 3: that really is the yachting industry. Obviously, to support every

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Speaker 3: person afloat, there is a shipyard, there is a financial controller,

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Speaker 3: there is a safety manager, there is a technical manager.

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Speaker 3: So there's a lot going on there.

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Speaker 2: Enormous amount. I mean, are we talking about that owns

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Speaker 2: these sorts of their sorts, they are the super super wealthy.

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Speaker 3: It really is I think what and I speak to

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Speaker 3: this in the book. We bombarded in the popular media

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Speaker 3: by what we perceive as high wealth, be it a

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Speaker 3: the A list, movie star, the rapper. They're not in

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Speaker 3: the league of the large yachts they own. Maybe they

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Speaker 3: charter for a week. We're talking double digit billions, some

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Speaker 3: of which you might read in a wealth list, many

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Speaker 3: of whom their names might match a brand that we use,

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Speaker 3: the dynastic Wealth. Some you just will never hear of

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Speaker 3: unless you're in that space. And they love the fact

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Speaker 3: that these yachts give them privacy, security and a level

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Speaker 3: of personalization they cannot get anywhere else in the world.

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Speaker 2: You must have some cracking dinner time stories.

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Speaker 3: One thing that I uphold and I do in the

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Speaker 3: book is we pride ourselves on the privilege of seeing

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Speaker 3: this inner world and not retelling. I will in a

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Speaker 3: private setting, which a positive story. I've had access to

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Speaker 3: watch with some intimacy, not for an interview, not for

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Speaker 3: a meeting, but for weeks, months, and years. Some of

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Speaker 3: the most powerful names in the world, and some of

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Speaker 3: them don't receive fair treatment in the popular media because

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Speaker 3: the popular media just wants to have a story, and

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Speaker 3: it's quite nice ivery so often to set the legis

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Speaker 3: straight and say these are quite wonderful people or not.

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Speaker 2: Yeah, well, And the funny thing is I always remember,

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Speaker 2: as a journalist and starting to interview CEOs, just realizing

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Speaker 2: how ordinary a CEO was in a business. They were

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Speaker 2: just a normal person who had done very well in

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Speaker 2: their work career to become a CEO. Even super rich people,

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Speaker 2: they're just normal people. At the end of the day.

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Speaker 3: They are very much There are some traits that I

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Speaker 3: think are consistent, and you might say, well, how do

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Speaker 3: you go across culturally and say they're the same. If

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Speaker 3: I were to say the tightest cultural group in the world,

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Speaker 3: depending on which list you look at there's about two

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Speaker 3: eight hundred to three thousand billionaires in the world. That

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Speaker 3: is a very tight cultural group. They transcend national boundaries.

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Speaker 3: They send their children to similar schools, they holiday at

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Speaker 3: the same place as their behaviors are quite similar. What

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Speaker 3: I see, and you've done these interviews as well, Sean,

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Speaker 3: is they can be in a room full of business

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Speaker 3: noise and they'll be being briefed by a person A

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Speaker 3: B and C from legal, from finance, from risk, and

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Speaker 3: they seem to be able to pull out uncannily the

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Speaker 3: couple of bits of information that needed to come out.

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Speaker 3: And I'm always in awe of that. And that's what

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Speaker 3: I've seen is something consistent.

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Speaker 2: Say with me, Brendan. We'll be back in a minute.

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Speaker 2: My guest this morning is Brendan O'shannessy, author of super

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Speaker 2: Yacht Captain. What's it like work? I mean, it must

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Speaker 2: be a very high pressure environment to be working in

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Speaker 2: your commanding a very big, expensive vessel. You've got crew

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Speaker 2: working under you. Sometimes I'm sure that the owners are

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Speaker 2: extremely demanding. How do you deal with all this?

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Speaker 3: You're quite right. Let's just say the feedback loop is

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Speaker 3: very fast.

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Speaker 2: I is that? How you put it.

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Speaker 3: You know, a sportsman knows their success or failure immediately,

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Speaker 3: and I think we do also in yachting. There is

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Speaker 3: no way to ever completely meet that level of expectation

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Speaker 3: from these people. They have. The investment in these is incredible,

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Speaker 3: hundreds of millions, as you spoke of. They have made

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Speaker 3: that investment, so their expectation is that high. To try

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Speaker 3: and think you're in a meeting every time, or set

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Speaker 3: yourself up for failure. I think maybe I draw upon

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Speaker 3: an Antipodean childhood and a cultural heritage that I'm proud of.

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Speaker 3: I tell it straight, and I'm very honest. It is

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Speaker 3: never in my best interest to say no to a guest.

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Speaker 3: So if I am saying no, please believe there's a

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Speaker 3: very strong reason that I'm saying no because it's not

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Speaker 3: in my best interest. No because of safety, No because

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Speaker 3: of my legal obligations to the crew, to the vessel

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Speaker 3: to where we are, or no because it just can't

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Speaker 3: be done the laws of physics. Funny enough, that's one

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Speaker 3: of the few things that constrain us. The laws of

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Speaker 3: thermodynamics and physics can't be bent, and so largely it's

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Speaker 3: always yes until there's a force making it.

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Speaker 2: No, yeah, yeah, what about the crew? I mean, there's

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Speaker 2: been streaming shows in recent years showing people working on

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Speaker 2: super yachts, and certainly my kids are right into that.

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Speaker 2: What's the crew like? I mean, do they ever get

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Speaker 2: tempted to just enjoy the party a little too much?

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Speaker 3: There are market sectors, and the shows you speak of

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Speaker 3: highlight that I am privileged to work amongst really professional

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Speaker 3: hotel and maritime crew that come from an incredible diversity,

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Speaker 3: that bring skills that are not just core to the yacht,

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Speaker 3: that they've brought from past lives onto the vessel. And

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Speaker 3: they're out there, they're building their careers.

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Speaker 4: They're working hard.

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Speaker 3: Possibly they're raising families off the yacht. No, it's a

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Speaker 3: bit like saying when Survivor came out to just drop

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Speaker 3: a brand in one of the first ever. Is that

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Speaker 3: the same as an sas selection? Not really, and in

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Speaker 3: the same way some of the TV shows they are

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Speaker 3: reality shows. One thing I think they do get right

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Speaker 3: is that there is a heightened pressure awareness in business.

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Speaker 3: I think business is tough. I often give the example

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Speaker 3: that business leadership is like a high stakes tennis game,

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Speaker 3: but you get to change ends, have a sit and

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Speaker 3: have a drink, wipe yourself down to the tower, go home.

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Speaker 3: Every night at sea on a yacht with the guests,

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Speaker 3: the game is squash. The ball never stops bouncing and

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Speaker 3: an opponent never misses the return. You don't leave it,

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Speaker 3: you don't go home. You don't have a break, whether

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Speaker 3: your hotel, whether your maritime you are just constantly in

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Speaker 3: the game. And I think that's one of the biggest differences,

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Speaker 3: and I think that's what the show's speaking of yachting

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Speaker 3: try to highlight that it does bring out your emotions.

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Speaker 2: So your lifestyle. You must be on a yacht for weeks,

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Speaker 2: months on end, and then is it that you have

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Speaker 2: a break for a period. I'm just really interested in

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Speaker 2: what you do away from the yacht even and where

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Speaker 2: home is for you.

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Speaker 3: I don't know if you remember this, but I live

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Speaker 3: in Austria, which is a great place.

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Speaker 2: Remember that landlocked, isn't it.

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Speaker 3: It is like Odysseus. You walk in and until someone says,

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Speaker 3: what are those ores for? And you know you've walked

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Speaker 3: in far enough. I in my captaincy because the vessels

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Speaker 3: can't not have leadership three hundred and sixty five days

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Speaker 3: of the year, so many of the senior positions now

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Speaker 3: are on a term called full rotation. I work six

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Speaker 3: to eight weeks on the vessel and I have six

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Speaker 3: to eight weeks off, and that varies more. Junior crew

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Speaker 3: won't have that level of rotation. They might work a

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Speaker 3: five months on one month off. For the period that

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Speaker 3: I am on, it's seven days a week. So how

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Speaker 3: do you, ah, it's amazing you have half the year off.

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Speaker 3: I don't have weekends when I work, I don't have downtime.

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Speaker 3: It's a choice. It's very enjoyable. The time does fly.

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Speaker 3: It's highly demanding, but that's the lifestyle we've chosen.

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Speaker 2: Yeah, but when now there any of these ultra luxury

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Speaker 2: vessels in Australia. Are they're mostly European North American based.

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Speaker 3: Australia Thank Hey, that's a great question. Australia is really

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Speaker 3: coming of age. There's been some regulatory changes to allow

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Speaker 3: charter in Australian waters in twenty nineteen and the industry's

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Speaker 3: really begun to recognize Australia as a destination. So we

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Speaker 3: have had yacht owners Australians that seek to own yots

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Speaker 3: and whether they cruise in Australia or they keep their

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Speaker 3: yachts international varies. What we're also seeing now is yachts

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Speaker 3: coming down to Australia. We know what we've got in Australia.

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Speaker 3: The last couple of years of cruising restrictions, people have

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Speaker 3: looked for destinations further than just crowding into the Mediterranean

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Speaker 3: and the Caribbean, and Australia is going to be a

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Speaker 3: net winner of that. There is great leadership in the

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Speaker 3: Australian superiot marine industry, and there is infrastructure coming along,

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Speaker 3: an investment coming along. So I think it's actually a

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Speaker 3: great time to be in around Australian souper yotting.

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Speaker 2: Brendan, I love talking to you after last time, I

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Speaker 2: just go away and dandream for a couple of a

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Speaker 2: couple of weeks. What you're doing, I think a lot

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Speaker 2: of it's I mean, it's sort of envious, but at

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Speaker 2: the same time appreciate just how much hard work it

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Speaker 2: is that you do. You know, six to eight weeks

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Speaker 2: on a yacht without saying family, friends, all that, that's

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Speaker 2: hard YAKA.

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Speaker 4: It is hard work.

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Speaker 3: You've got to love it. And I just I told you,

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Speaker 3: I just sailed up. It's an eighteen day transit from

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Speaker 3: the Seychelles. It was glass calm coming across the Indian

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Speaker 3: Ocean and I saw a breach off in the distance

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Speaker 3: and I thought, ah, that's another whale. Okay, we pulled

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Speaker 3: up a little bit closer and it was a full

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Speaker 3: size sperm.

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Speaker 2: Whale, so we photographed it.

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Speaker 3: Registered that was not a bad day at work. Yes,

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Speaker 3: we have to do our fire drills. We keep watches.

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Speaker 4: The engineers are fixing things, the deck of washing, the

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Speaker 4: interior cleaning. But it is an amazing workplace. And one

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Speaker 4: of the messages from the book is to young Australians

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Speaker 4: or to parents of young Australians, to educators is don't

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Speaker 4: overlook that this is a real career for Australians who

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Speaker 4: love the water.

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Speaker 2: Brendan, thank you for talking to Fear and Greed.

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Speaker 4: Thanks so much, Sean.

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Speaker 2: That was Brendan O'shannessy, author of super Yacht Captain, Super

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Speaker 2: Yacht Captain. That's super yacht all in one word. Go

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Speaker 2: find it. It's a great read. This is a Fear

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Speaker 2: and Greed daily interview. Join us every morning for the

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Speaker 2: full episode of Fear and Greed, Australia's most popular business podcast.

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Speaker 2: I'm John Elma enjoy your day,