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
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
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
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
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
The 67m Fast Yacht Support vessel, GARÇON, built by Damen, has won the ISS Awards of Distinction for Innovation at the International Superyacht Society Awards Gala in Fort Lauderdale. GARÇON came out top of an industry-led voting process that assessed five shortlisted entries in the competitive and broad-ranging Innovation category. According to the International Superyacht Society: “The Excellence in Innovation award is given to an individual or business that has
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
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
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.
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
Approximately 34 yachts are expected to participate in a race from Hong Kong to the Philippines will take place from April 16-21, GAC said in its daily Hot Port News report. The race will commence on Wednesday, April 16 at 1:20 p.m. off the Causeway Bay Typhoon Shelter
A solo Canadian sailor has been rescued from his sinking yacht in rough conditions 1,250 nautical miles (2,300km) north-east of Auckland - about 600nm (1,100km) south of Rarotonga - after a mercy dash by the car-carrier 'Fidelio', reports Maritime NZ.
The world’s largest container shipping company, Maersk Line, is the official shipping partner for the Volvo Ocean Race, the pre-eminent round-the-world yacht race. The race takes place from 4 October 2014 to 27 June 2015. During the nine month race, seven 65-foot (19
A survey of London solicitors by specialist intermediaries insurer ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts, reports trade association Maritime London. Indemnity insurers ITIC gave a panel of London solicitors – all
With cloud computing technology having an increasing impact on daily life, its no surprise that more and more companies are turning to the cloud and the superyacht industry is no different. i-Bos Ltd, a crew management software provider is one of the first companies to launch their software to
NMMA in conjunction with Lauderdale Marine Center (LMC) and the National Fire Protection Committee on Spray Finishing, recently drafted and approved a new standard which reduces the fire risks of spray painting large objects, including yachts in temporary membrane enclosures
Two foreign nationals rescued from distressed yacht off Tubbataha, Palawan Two foreign nationals are now placed into safety by the Philippine Coast Guard after sustaining minor injuries from an incident while sailing east of Basterra Reef, Palawan.
Specialist freight transport insurance provider TT Club said it is reinforcing its presence in Dubai with a move which aims to support the Club’s existing claims team in the UAE and underlines the insurer’s commitment to what is a dynamic region and provides an additional service level
Ku-band coverage boosted with Seychelles region extension delivering high-speed data. Airbus Defence and Space has expanded its Ku-band VSAT (Very Small Apperture Terminal) coverage in the Indian Ocean Region (IOR), using the Intelsat IS-702 S2 satellite.
J.K. Fabrication announced it has received DNV Type Approval on its Model 40-30-3000 Anchor Winch. The winch can now be specified into existing commercial applications on barges, tugs, fishing and yacht vessels around the world. The company said the new Arctic Prowler Longlining vessel
Crewmembers aboard the Coast Guard Cutter Diamondback are towing a 70-foot motor yacht Wednesday and are scheduled to arrive at the entrance to the St. Johns River at approximately 9 p.m. There, the tow will be transferred to a 45-foot Response Boat - Medium from Station Mayport, Fla
Sunday, March 30, during the night, M/T Glenda Meryl (jointly owned by d'Amico and Glencore and managed by Ishima ship management) rescued all the American crew of the stricken sailing yacht Even Star. The crew had taken to the ship's liferaft
A survey of London solicitors by ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts. ITIC gave a panel of London solicitors – all of whom had previously been instructed on cases involving ITIC members – a hypothetical
Clean tanker rates on the transatlantic route edged higher on Monday helped by light bookings although the market continued to struggle with a glut of vessels. Rates for medium-range (MR) tankers for 37,000 tonne cargoes on the TC2 route from Rotterdam to New York were at W124
Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said on Tuesday, likening the threat to a "time bomb" that could cost the industry billions of dollars. Willis highlighted the industry's vulnerability to cyber threats in its annual review of