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
BYS, a Burger Company, has introduced its new website which includes yacht descriptions, detailed specifications, image galleries, and videos. According to the new web site BYS, located in Fort Lauderdale, Florida, serves yacht brokerage and charter clients worldwide
In response to specific market demand for insurance cover not formerly available, the Shipowners’ Club has launched a policy for its high net worth super yacht client base to indemnify them against Seafarers Unpaid Wages Following Abandonment (SUWFA).
ISS-Tositti, the joint venture formed at the beginning of 2005 between the independent marine services organization, Inchcape Shipping Services (ISS), and Venice-based Tositti & C., is teaming up in a new strategic partnership with the Koper-based port agency, Navigo Logistika
Endofa, an independent physical marine fuel supplier and bunker trader with offices in Houston and Dubai, informs it has partnered with another emerging bunker broker, VP Bunkers, to form Endofa-VP with offices in Nice, France. According to Endofa's Kenn Soendergaard
Oceanco sponsored the Showboats Design Awards “Young Designer of the Year Award,” which was presented to Stefano Inglese during a ceremony hosted in the prestigious Monaco Opera House the June 21, 2013. Oceanco said it places great importance in supporting the yachting industry by
The Philippines Couast Guard issued an update on three recent grounding incidents near Central Visayas. The MV Subic Bay 1, which ran aground at Bantolinao Point, Cebu, arrived safely at Gothong Wharf, Cebu at 11:30 p.m. yesterday, November 16.
Standards set by yacht owners for stylish decking that is also environmentally responsible are being matched in the yacht support vessel market. Dutch flooring and decking specialist Bolidt has secured a new contract to supply and install Bolideck Future Teak for the deck onboard a Fast Yacht
International Yacht Collection (IYC) iannounced that Frank Grzeszczak and Barbara Stork Landeweer are the company’s 2013 Yacht Broker and Charter Brokers of Year, respectively. Representative of a banner year for IYC, both brokers played a pivotal role in promoting the superyacht
Holland's Feadship say they have launched the 46.22-metre semi-displacement motoryacht 'Como', created for the highly experienced New Zealand yachtsman Neville Crichton. Having previously built a large number of competitive sailing yachts in his native New Zealand and more recently owned a
Victor Mooney of Flushing, New York, reunited with his 24' rowboat christended the Spirit of Malabo over the weekend. Mooney and his vessel are currently at Pasito Blanco Yacht Club in Maspalomas, Gran Canaria, in the Canary Islands. The Canary Islands is an archipelago of islands located off
In the same week of the launching of fast ferry Peng Xing 15, the first Coastal Cruiser 200 designed by CoCo Yachts and built by AFAI Southern Shipyard, Peng Xing ferry company decided to sign the contract for another three Coastal Cruiser 200 fast ferries
Drum Cussac's maritime security market share grew by 50 percent in 2013 In the second half of 2013, the number of secured transits conducted by Drum Cussac, using both armed and un-armed security consultants, was 16% up on the same period in 2012.
BIMCO reminds its members that one of its services is intervention to recover outstanding undisputed amounts. The service is free of charge and is offered only to members acting on their own behalf and in their own interest. Members owed money - be it an owner having problems obtaining
For the second consecutive year, CrowleyFresh, Miami’s newest cold-chain warehouse and logistics service, jointly offered by Crowley Maritime Corporation and subsidiary Customized Brokers, showed a little love to customer Sunshine Bouquet Company, a flower supplier based in Miami
Platinum Yacht Repair, the yacht repair and maintenance arm of Dubai's Drydocks World & Maritime World, say they have converted the landing craft Al Hail 1, belonging to Dubai-based M/S Royal Yachts from naval to civilan use as floating yacht repair and maintenance facility.