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IYC Names its Brokers of the Year

Barbara Stork Landeweer

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 lifestyle and helping their clients achieve results in the global market. “I have the privilege to again congratulate Frank and Barbara on their exceptional performance,” said Bob Saxon, IYC President. “This is Barbara’s third consecutive year being recognized as the leader in IYC’s yacht charter division; Frank has been awarded the title numerous times as well. They have realized tremendous success internationally in a marketplace that is both demanding and rewarding.” Frank Grzeszczak, IYC Yacht Broker Having built a 25-year career in preowned and new construction yacht sales, Frank Grzeszczak has been with IYC since 2007. His criterion for success has always been based on three fundamental principles: knowledge of product, honesty and integrity. More, his strong work ethic blends reliability, diligence and professionalism with an understanding that team work encompasses both client service and respect for one’s fellows in industry. This has garnered Frank great esteem with his clients and his worldwide network of yacht brokers.


Newport Beach Boat Show – Mikelson Yachts on Display

Sports Fisher M43: Photo credit Mikelson Yachts

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


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.

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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


Raven Offshore Yacht Shipping Sets Sail with First Charter

Pilot Boat on Deck of Star Lofoten with Ship Raven

Raven Offshore Yacht Shipping announces that their first charter with Grieg Star Shipping was loaded and departed on schedule on Sunday, August 25, 2013 from Vancouver, B.C. Cofounded earlier this year by industry experts, insurance broker Rick Gladych, and Anthony Utley of Raven Marine Services in British Columbia, Raven Offshore Yacht Shipping charters the decks of Grieg’s L-Class Ships (paid-in-full), virtually eliminating any third-party issues.


BV Launches Condition Assessment Program for Yachts

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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


Asia Tankers-VLCC Rates Slump

Image: Dalian

 Freight rates for very large crude carriers (VLCCs) could face drop further next week on excess tonnage supply and lower cargo volumes, reports Reuters.   A Singapore based VLCC broker said that there’s no upside. Rates will either be flat or on the downside. There are many more ships than cargo, the broker said.   While ship owners and charterers are expected to conclude more charters later on Friday


Litigation Can Cost Shipbrokers an Arm & a Leg

File photo CCL3

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 of whom had previously been instructed on cases involving ITIC members – a hypothetical claim scenario involving a broker which had been cut out of commission


Asia Dry Bulk-Capesize Steady as Owners Spurn Low Rates

Owners anchoring ships rather than fix at low rates. W. Australia-China capesize rates hit over two-month low. Freight rates for large capesize dry cargo ships on key Asian routes are likely to hold steady as ship owners resist charterers' attempts to push rates lower amid a dearth of cargo, ship brokers said. "We are reaching a floor, particularly in the Pacific. It's got to the point where owners just won't fix their ships," a Singapore-based capesize broker said on Thursday


Feadship Unveils New Future Concept

Photo: Feadship

Feadship has marked the 10th anniversary of the Feadship Future Concept with a new "blueprint for inspiration."   Unveiled at the Monaco Yacht Show using a yacht model and an augmented reality experience, the 2016 FFC Choice offers a wealth of opportunities for autonomous living


ALMACO to Build Cabins, Galleys for Rhine Class Ships

Image: ALMACO Group

German shipyard MV WERFTEN has awarded ALMACO Group a contract to build the luxury suites and galley areas for Crystal River Cruises’ four Rhine Class luxury river yachts, which will be delivered in 2017 and 2018 from Wismar.   


Shipbuilding Consolidation: Luerssen Acquires Blohm+Voss GmbH

Family owned and Bremen based shipyard, Luerssen acquired storied shipyard Blohm+Voss in Hamburg, the company announced on Wednesday, September 28, 2016.   With the acquisition of Blohm+Voss, Luerssen said it is entering into a long-term relationship to strengthen its portfolio in the


Dryships Sells Panamax ‘at 10% premium’

Dryship HO Courtesy Dryship

 DryShips Inc. (NASDAQ:DRYS), or the Company, an international, owner of drybulk carriers and offshore support vessels, today announced that it has sold the 2002 built Panamax drybulk carrier MV Oregon. The vessel MV Oregon, along with the associated bank debt


VLCC Rates Under Pressure in Oversupplied Market

A EuroNav VLCC Underway (file image, Credit EuroNav)

Owners face difficulty raising rates due to discounted ships. Freight rates for very large crude carriers (VLCCs) are likely to remain under pressure next week as charterers drip-feed cargo in the face of surplus tonnage, shipbrokers said.


Asia Tankers-VLCC Rates to Climb on More MidEast, West Africa Liftings

File Image (Credit: EuroNav)

VLCC rates from MidEast have reached a floor at W33; surging Suezmax rates could make VLCCs more attractive. Freight rates for very large crude carriers (VLCCs) are set to climb next week as charterers ramp up tanker fixing activity from the Middle East while increased oil volumes from West


Asia Dry Bulk-Capesize Rates Steady

A so-called ValeMax bulk carrier commly used in the South America-to-Far East trades (credit: Vale)

Holidays in Asia likely to dampen chartering activity; Outlook still "slightly positive" for fourth quarter. Freight rates for large capesize dry cargo ships on key Asian routes could hold steady around current levels next week in a quiet market, ship brokers said on Thursday.


Hanjin-chartered Ships Sold, More on Block

File Image: A Hanjin boxship underway (Credit: Hanjin)

Three bulk carriers sold charter-free at about market rates. Two Hanjin container ships also up for sale. Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said on Wednesday, kicking off an asset sale sparked by the failure of the


Sparkman & Stephens under New Ownership

Photo courtesy of Sparkman & Stephens

Sparkman & Stephens (S&S), the naval architecture and brokerage firm founded by Olin Stephens and Drake Sparkman in 1929, announced that it was acquired by a group of private investors led by Brooke S. Parish and John B. Reuter. The transaction enables S&S to implement expansion


MN100: ZF Marine Propulsion Systems

Wolfgang Schmid (Photo: ZF)

The Company: ZF Marine supplies propulsion system components for yachts, defense craft, high-speed ferries, workboats and commercial vessels, in a power range from 10 to 14,000 kW. The product portfolio includes a comprehensive range of transmissions (reversing, non-reversing and hybrid)


MN100: Gibbs & Cox, Inc.

(Image: Gibbs & Cox, Inc.)

The Company: Gibbs & Cox and Donald L. Blount and Associates (G&C/DLBA) comprise one of the world’s leading independent naval architecture and marine engineering design firms. The company employs naval architects, engineers and designers from all of the ship-related engineering


Asia Tankers-VLCC Rates Steady, Owners Resist Further Cuts

File Image (Credit: EuroNav)

Daily VLCC earnings fall to around $10,000; vessel deliveries, shorter voyages weigh on rates. Freight rates for very large crude carriers (VLCCs), which fell to multi-year lows on Thursday, are likely to hold steady around current levels as ship owners resist charterers' attempt to push


Hammond New International Sales Manager, Fairline Yachts

Robert Hammond

British luxury motor yacht manufacturer, Fairline Yachts, announces Robert Hammond as its new International Sales Manager. Robert will be responsible for Fairline's global sales operations and managing its worldwide dealer network.   A former military pilot, Robert


MV WERFTEN, Foreship Sign Design Agreements

Signing Endeavor

MV WERFTEN signed a letter of intent with the engineering company Foreship in Stralsund today. The agreement includes parts of the basic design as well as design, purchasing and production assistance of the “Endeavor” class luxury expedition yachts


Big Tankers' Need for Retrofit Slows Use of New Panama Canal

Photo: Panama Canal Authority

The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said.  






 
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