Yacht Broker

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 edge technology and technical innovations, resulting in the ultimate in style and quality luxury yachts. Platinum is scheduled to receive preferred construction slots at the shipyard and will be able to provide custom and semi-custom mega yachts at a significant cost advantage. Platinum will provide CMI with aerodynamic designs and specifications for the projects, which will be built to the technical drawings of leading naval architect Arthur Barbeito & Associates of Miami. The spec-yachts will be marketed to Platinum's client base and through leading yacht brokers in Ft. Lauderdale, Florida. The custom designed yachts will carry the distinctive brand name Platinum Signature Series known for its judicious balance between tradition, innovation and novel use of internal space including a split-level forward master stateroom. The Platinum Signature Series presents a style unrivaled in its aesthetic quality and functionality

ISA Establishes U.S. Office

Edward R. Sacks Named as President of North American Operations     On 10 May 2013, International Shipyards Ancona (ISA) announced the grand opening of its North American operations with an office at the Portside Yachting Center on at the 17th Street Causeway in Fort Lauderdale. It was auspicious timing for ISA as the day marked its 12th anniversary. ISA President of Sales and Marketing, Marcello Maggi

Transatlantic Panamax Rates Hit Six-Week Lows

Panamaxes for transatlantic round voyages fell to six-week lows on Wednesday as trade was limited by a series of European holidays in the month of May, brokers said. "It's not looking good, every region is down. To say it's a disaster for owners would not be an understatement," a broker said. Transatlantic round voyage returns are edging closer to the $11,000-a-day mark. Brokers said that commodities trading house Cargill booked a 1997-built panamax at $11,500 a day

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.

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

RINA New Environmental & Security Standards

Genova-based classification society RINA has introduced new voluntary standards which will allow ships to connect to shore-based electricity while in port, reducing harbour air pollution. And at the same session of its Technical Committee it approved a series of new standards aimed at improving security standards for yachts. The new notation HVSC - High Voltage Shore Connection - sets standards to design into a newbuilding or modify an existing ship so that electricity can be supplied from

ITIC Urges Brokers to Call

Filing demurrage claims electronically could be costing shipbrokers significant sums of money, according to International Transport Intermediaries Club (ITIC). While e-mail may be quick, cheap and easy, brokers are being urged to ensure they have a system in place to confirm receipt of not only demurrage statements but all time sensitive documents. In the past, brokers have used courier services to send claim documentation

Transatlantic Clean Tanker Rates Skyrocket

Clean oil tanker markets heated up, with transatlantic rates going through the roof and Mediterranean and Mideast rates also strong, brokers said. Price differentials and the U.S. cold snap have slammed gasoline shipping prices into the W200 region, from a previous W150 for 33,000 tons, brokers said. Brokers warned that the high volumes of fixing at sky-rocketing rates would inevitably lead to a number of charters failing to be concluded in all regions

Delayed Evolution

While e-commerce continues to reshape international business, many industry insiders reason that maritime - as usual - will be slow to catch the wave. A frantic dash to set up tanker trading and information websites is being touted as the end of the traditional shipping marketplace, but insiders say there will be no overnight revolution. Two oil majors last week joined forces with the biggest shipbroker and leading agribusiness trading house to set up an online shipping exchange which

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