Yacht Brokers

Newport Beach Boat Show – Mikelson Yachts on Display

Mikelson Yachts to showcase two yachts at Newport Beach's 39th annual boat show Mikelson Yachts will  display two models in the 39th Annual Newport Beach Boat Show during April 19-22 at Lido Marina Village. The show gives exposure to over 300 vessels of varying sizes. Featured in the show for the last 30 years, Mikelson Yachts will be back in attendance this year presenting the 43 Zeus Sportfisher and the 59 Nomad Cruising Sportfish. Attendees will have the chance to view the new spacious layout of the 59 Nomad and learn more about the latest in pod drive technology with the 43 Zeus. Mikelson Yachts specializes in crafting high quality luxury yachts and sportfishers and has participated in numerous boat shows and fishing events throughout Southern California. "Following very active Miami and Palm Beach Boat Shows, we're looking forward to a busy Lido Show," yacht broker Nick Theios observes. "Mikelson Yachts will be displaying two of their most popular models, the M43 Zeus and M59 Nomad, and we'll have Factory Discount Boat Show Specials on each model. The weather should be outstanding and with the Southern California Boating Season just around the corner, there's never been a better time to get a great deal on a new or used Mikelson."

Bradford Marine Expands Line

Bradford Marine, Inc. (Bradford Marine) announced that they have expanded their line of services with the formation of a new subsidiary, Bradford Marine Group, Inc. (Bradford Marine Group). The Bradford Marine Group will significantly add to Bradford Marine’s ability to provide a full line of quality yacht services from their shipyard in Ft. Lauderdale. Bradford Marine Group will provide consulting services to yacht owners, their Captains and crews

Kennedy Joins Moore Stephens Brokers Ltd.

Moore Stephens Brokers Limited, a source of general insurance products tailored for Superyachts, has appointed Kathy Kennedy as its new executive vice president it was announced today. She will be based in the USA. “I’m really pleased to join Moore Stephens at this exciting time for the company”, said Kathy, “I look forward to adding to the company’s already diverse blend of services and expanding their client relations not only in Northern America but also

Private Yacht Owners Warned

MAST launches new perimeter defense for super-yachts. MAST Technololgy, part of MAST group (‘Maritime Asset Security and Training’), a maritime security and piracy protection specialist, says that super yacht owners are turning to close protection amid fears of an escalation in maritime crime due to growing instability in North Africa due to the implications of the Arab Spring. The company, which deliveries both commercial and private maritime security

BV Launches Condition Assessment Program for Yachts

Bureau Veritas has extended its Condition Assessment Program to cover all types of yachts. BV Yacht CAP will provide owners with a certified and recognized evaluation of the real status of any yacht to promote the yacht’s condition to charterers, brokers, yacht managers, banks and leasing companies. “Big yachts are big business but a high risk area for charterers and financiers,” says Vincent Lefebvre, Head of CAP and Environment section, Bureau Veritas

Brokers Required to Sign Legislation Bites

International Transport Intermediaries Club (ITIC) said that shipbrokers are being required to sign formal agreements with their principals in the light of a worldwide trend towards stricter anti-corruption legislation, and ahead of the implementation of the new UK Bribery Act in April 2011. The typical document presented to brokers will set out the principal’s prohibition of the payment of bribes and/or the provision of other inducements

Caribbean Tanker Rates Rise

Scant supply of suitable tankers combined with a seasonal upswing in demand has conspired to force up the cost of shifting gasoline from Caribbean refineries to the U.S Atlantic coast, brokers said. "The market's definitely picking up from a month ago when refinery maintenance was still going on, and now it's coming up to the regular season," said a U.S. broker. London brokers said the market had risen by at least W40, or $1.56 per ton, since last Wednesday.

North Sea Tanker Market Falls to Year's Lowest Point

North Sea tanker markets tumbled to a one-year low by the middle of this week and have since fallen further still, brokers said. "There was virtually no Aframax (80,000 tonner) enquiry in the North Sea," said London tanker broker Gibsons. "Consequently rates fell to average W120 ($0.64 per barrel) and by the close (of the week) had dropped further to W112.5 ($0.60 per barrel)." "There's just no demand," said a London broker, "and the position lists are getting longer and longer and longer

Clean Tanker Rates Drop Another 10 Points

Clean tankers in the intra-Asian trades have suffered an eighth week of stagnant trading, causing rates to slip another 10 points to W240 ($15.69 per ton), Singapore brokers said on Wednesday. "The panel rate (judged by a panel of six brokerages) is around W250, but we think it's much nearer W240 at the moment," said a broker. The benchmark trade from Singapore to Japan on 30,000 ton tankes almost touched W300 in June ($19.62 per ton).

Clean Tanker Market Stagnant

Conflicting forecasts were circulating in the Asian clean tanker market during the ninth week of stagnant trading, brokers said. "Next week there's plenty of ships but there's nothing prompt, so the supply side is looking good, but the demand side is a disaster," said a Singapore broker. "There simply is no demand." He pegged the benchmark route from Singapore to Japan at W230 ($15.04 per ton) for 30,000 ton cargoes, down 10 points from the middle of last week