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Trinity Yachts to Acquire IYC

Trinity Yachts, LLC (Trinity) and International Yacht Collection (IYC) have announced today that they have signed a Letter of Intent for Trinity to acquire IYC. This acquisition will expand Trinity's capabilities and enable it to offer its clients the entire range of yachting services: new construction, repairs, brokerage, charter management, retail charter, yacht management, and crew placement. It is expected that the purchase should be completed by July 1, 2007.


Precious Cargo Returns to S. Florida

The 686-foot Yacht Express in Martinique.

Every October at Port Everglades, one of the most active cargo ports in the United States, Dockwise Yacht Transport (DYT) reminds the world that its semi-submersible ships are among the most extraordinary in the world, and the cargo they carry is as precious as any delivered around the globe by the thousands of ships that pass through there.    This year, not one but two Dockwise ships, the 686-foot (209-meter) Yacht Express and the smaller 555.93-foot (169


WESMAR to Introduce New Fin for Yachts

Superyacht fin picture 2_web.jpg

WESMAR (Western Marine Electronics) will introduce a 50-square-foot mega fin at the Fort Lauderdale Boat Show on October 27-31 in Florida. Designed for luxury yachts, charter and super yachts, these new fins, coupled with WESMAR’s triple axis digital DSP4800 control electronics, are designed to reduce up to 90% of vessel roll. They are rugged with a neutrally buoyant design that adds lift, and are designed with added strength and reliability to meet the high performance requirements


Electric Boat Hire Initiative in Chicago

Duffy Electric Boat: Photo credit Vantage YC

Boat-share company Vantage Yacht Club takes delivery of four electric boats from Duffy Boats Vantage Yacht Club, offering shared yacht ownership announce additions to its Fleet Membership and Non-Member rental fleets with the delivery of four electric Duffy Boats. Arrival of the electric boats is the first such initiative in Chicago. Electric boaters will cruise the Chicago River taking in the sights and sounds of the city while promoting environmental responsibility and sustainability


Megayacht 'Arianna' Charters to be Handled by SG Private Wealth Advisors

SG Private Wealth Advisors oversaw construction of 50 m Megayacht 'Arianna' now chosen to market the vessel, promote for charter SG Private Wealth Advisors, a billionaire-founded multi-family office, announce it has been chosen to manage all marketing efforts involving Arianna—a 50-meter mega yacht. This includes the promotion of Arianna's availability to charter. From the start of the project in 2009, SG Private Wealth Advisors has overseen all elements of the design


Super Yachts Give Boost to NZ Economy

Image from Facebook page of Superyachts in Auckland

 New Zealand Customs Minister Nicky Wagner says mid-winter marks the end of another successful yacht season, with many of the remaining international yachts departing at the end of last month.   "57 superyachts visited between April 2014 and March 2015 , compared with 37 during the previous season. This is the highest number of superyacht visits since we hosted the America's Cup in 2000," Ms Wagner said.  


Yacht Assists Crew in Atlantic Rescue

The largest single masted yacht in the world assists 33 foot yacht in Atlantic rescue. The Falmouth Coastguard were contacted by their colleagues at Thames Coastguard who received a telephone call from a lady crew member on the yacht Compromise competing in the ARC Challenge 2006. Falmouth Coastguard contacted the yacht and spoke to the lady crew member who reported that she had a medical emergency on board. Falmouth Coastguard initiated broadcast action to locate any vessel in the


MARIS Makes Agreement With Peter Johansen Group

Maritime Information Systems AS (MARIS) has made an agreement with the Peter Johansen Group A/S in Denmark to supply radar/ARPA, ECDIS and VDR to its super luxury yachts on an exclusive basis Under the name Royal Denship the Peter Johansen Group is building a series of super luxury yachts for foreign owners. These yachts are being built at several Danish shipyards. The agreement includes deliveries of the following products from MARIS: ARPA2000 Radar/ARPA automatic radar plotting aid


Platinum SuperYachts Enters with Shipbuilder

Platinum SuperYachts Inc. announces the formation of a strategic alliance with Custom Marine International Inc. (CMI Yacht), a U.S. based corporation. CMI is strategic to Platinum's business plan because of its unprecedented joint venture with China Shipbuilding Industries (CSI) for constructing state-of-the-art, large steel, aluminum, and fiberglass yachts at CSI's facilities in the Peoples Republic of China. The CSI shipyard boasts state-of-the-art facilities complete with leading


Diverse Projects’ Latest Vessel

DSC03409_lr_web.jpg

Build Project 08 is currently under construction at Profab Central Engineering Ltd in Palmerston North, New Zealand. The hull was successfully rolled over in October, and the superstructure is now taking shape. Stage two of the program, interior, paintwork and finishing details will later take place in Whangarei, New Zealand. BP08’s sleek lines were designed by Craig Loomes Design Group. The 103.3 ft passagemaker is being built to Germanischer Lloyd 100 A5 class and New Zealand MSA


Mixed Prospects for Container Shipping

Photo: Cosco

 The latest Container Shipping Forecaster from Maritime Strategies International (MSI) makes a more optimistic forecast on the demand side.    Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner


Seacat Services Supports Dong Construction Race

24 month, four-workboat, charter service agreement to provide DONG Energy with construction support across the Race Bank offshore wind project   DONG Energy, a developer of offshore wind projects, and offshore energy support vessel operator Seacat Services, today confirmed a two-year


Navios Secures MR2 Product Tanker Charters

Navios Maritime Acquisition Corporation, announced today the employment of three product tankers at charter rates that are, on average, 14 percent higher than their previous charter rates.   The Nave Equator, an MR2 product tanker, has been chartered to a high-quality counterparty for 18


Bahri, Rickmers-Linie Ink Charter Deal

Bahri Rickmers-Linie in Charter deal

Rickmers-Linie, the Hamburg based specialist for project and heavy lift liner services and the National Shipping Company of Saudi Arabia (trading as Bahri Liner) have recently signed a space charter agreement. The agreement covers the ports on the US Atlantic and Gulf Coasts as well as ports in


Diana Fixes Bulker Duo with Glencore

Erato. Photo: Diana Shipping Inc

 Diana Shipping Inc  has inked new time charters with Glencore Grain B.V., Rotterdam for two of its panamaxes at rates below the previous charters, with the contracts commencing on March 26.   Diana entered into a time charter contract with Glencore for 74


Chinese Fast Ferry Delivered

HAI QIN (Photo: Afai Southern Shipyard)

Afai Southern Shipyard (Panyu Guangzhou) Ltd.  and CoCo Yachts B.V., announced  that the first of the two  fast ferries was delivered to Zhuhai High Speed Ferry Company in late February. The vessel named HAI QIN recorded a top speed of 38.11 knots at full load on sea trials.


Somali Pirates on trial in Paris

Rocket propelled grenades (RPGs) and other armaments lay on the deck of USS Cape St. George (CG 71) after being confiscated during an early-morning engagement with suspected pirates. Cape St. George and USS Gonzalez (DDG 66) were fired upon while preparing to board a suspect vessel operating in international waters off the coast of Somalia. One suspect was killed and 12 were taken into custody. Coalition forces conduct maritime security operations to ensure security and safety in international w

Seven Somali men accused of hijacking a French yacht in an assault in which its owner was killed and his wife abducted in the Arabian Sea four years ago appeared before a French court on Tuesday, all facing life sentences.   The men have not been charged with homicide


Amels 242 on Sea Trials

Photo: Damen Shipyards Group

 The 74-meter long luxury superyacht built at Vlissingen shipyard has started shipbuilder's sea trials. Amels is now recognised as one of the most successful superyacht builders in Holland.    "Even the chilly Dutch North Sea looks rather nice when graced by the gorgeous


Foss Maritime Sells U.S. Flag Tug

Sale of “Benjamin Foss” by Foss Maritime Company of Seattle Photo Marcon International

Marcon International, Inc. of Coupeville, Washington informed the sale of the 1,700BHP “Benjamin Foss” by Foss Maritime Company of Seattle, Washington to private U.S. interests.   The 78.0’ x 26.3’ x 11.0’ depth x 9


Dynagas Partners inks long-term deals for two LNG Vessels

Courtesy Dynagas Partners

Dynagas LNG Partners LP enters into new long-term time charter agreements for two of its LNG carriers and maintains current level of cash distribution following its latest drop down from its Sponsor Monaco – March 31, 2016 –Dynagas LNG Partners LP


Dynagas Clinches New Time Charter Contracts

OB RIVER. Photo by Dynagas LNG Partners LP

 Dynagas LNG Partners, the owner and operator of LNG carriers, has signed an extension and two new charter deals with Gazprom for the 2007-built Ob River until May 1, 2018.    In addition, the Partnership has entered into a new long-term time charter agreement with Gazprom


Asia Tankers-VLCC Rate Direction Uncertain

File Image: A VLCC transits the Suez Canal (credit: Suez Canal)

MidEast VLCC rates rise by more than $24,000 per day; China and Saudi Arabia fuel chartering surge. Freight rates for very large crude carriers (VLCCs), which hit a two-week high on Thursday, face an uncertain direction next week, brokers said.


BIMCO, GIIGNL issue Voyage Charter for LNG Trade

Photo Courtesy  GIIGNL

BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party – LNGVOY - designed for the expanding LNG spot market. During the development process, BIMCO and GIIGNL consulted with the industry globally to


Asia Tankers-VLCC Rates Fall on Reduced Demand

MidEast VLCC rates fall nearly 30 Worldscale points this week; port congestion in Basra, China adding to market uncertainty. Freight rates for very large crude carriers (VLCCs) may drift lower next week on weaker sentiment among owners and reduced chartering demand ahead of the release of May's


Diana Fixes Bulker with Quadra

Courtesy Diana Shipping

Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Quadra Commodities S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Medusa. The gross charter rate is US$6,300 per day






 
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