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Yacht Brokers

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


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 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


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


Myklebust Appointed CEO of Viking Supply Ships

Trond Myklebust (Photo: Viking Supply Ships)

The Board of Directors of Viking Supply Ships AB has appointed Trond Myklebust as Chief Executive Officer (CEO). Myklebust will also act as CEO in Viking Supply Ships A/S, and will take over the responsibilities as CEO in both companies ultimo January.


Two Rescued from Overturned Yacht off Cairns

Australian Border Force Cutter Photo ABFC

The crew of Australian Border Force Cutter (ABFC) Storm Bay have rescued two people from the water after their yacht capsized off Cairns. Shortly after leaving Cairns on patrol on Sunday 4 December 2016, ABFC Storm Bay received a request from Cairns Vessel Traffic System to respond to reports


Asia Dry Bulk-Capesize Rates Sliding as Overcapacity Weighs

File Image: a dry bulk vessel underway (CREDIT: Norden)

Capesize rates 26-33 pct higher than a year ago, but could fall towards Chinese New Year. Freight rates for large capesize dry cargo ships on key Asian routes may fall further next week as prospects for a pre-Christmas rally fade with ship supply outpacing cargo demand, ship brokers said.


Asia Tankers-VLCC rates to Slip from Eight-Month Highs

Rates gain 10 Worldscale points in a week; but rates in 2017 may be lower than this year -Bancosta. Freight rates for very large crude carriers (VLCCs) may slip next week as the pre-Christmas cargo flurry, which propelled hire rates to an eight-month high on Thursday, peters out


Asia Tankers-VLCC Rates to Rebound on Firm Cargo Volumes

File Image (Credit: EuroNav)

CNOOC VLCC deal "draws line in the sand" for tanker owners; 25-30 MidEast fixtures still to be released up to mid-November. Freight rates for very large crude carriers (VLCCs), which plunged to a three-week low, are set to recover next week as owners hold out for higher rates on


Fair Trade Commission Approves Blohm+Voss Acquisition

Photo: Blohm+Voss

The German Fair Trade Commission has approved the acquisition of Hamburg shipyard Blohm+Voss GmbH by the Bremen-based, family-owned company Luerssen Maritime Beteiligungen GmbH & Co. KG, a specialty designer, manufacturer and repairer of yachts over 60 meters and military ships.  


Europe Rushes to Meet US Fuel Demand, Spiking Freight Costs

File photo: Aurelie Moulin

European oil traders rushed on Tuesday to book vessels to carry gasoline to consumers on the U.S. East Coast left stranded without their main domestic supply source, more than quadrupling shipping costs, traders and ship brokers told Reuters. 


Ulstein Enters the Yacht Market

Photo: Ulstein Verft

The Ulstein Group has secured an order to build its first vessel within the yacht segment: Ulstein Verft has signed a contract to build a yacht for a private owner, one of the world’s biggest ship owners.    "The customer wants the characteristic X-BOW from ULSTEIN


Yacht Sinks after Crash with a Lobster Boat

U.S. Coast Guard photo

A yacht and a commercial fishing vessel collided Tuesday about 10 miles east of Block Island, Rhode Island. No injuries have been reported.   The 40-foot lobster boat, Squeeze Play, manned by a two-man crew, was struck by the yacht Lucia, which had four people aboard


Genting Confirms Five-year Shipbuilding Plans

Global Class vessel (Rendering: Genting Hong Kong / MV WERFTEN)

Genting Cruises has confirmed its build program for the MV WERFTEN shipyard group following the launch of the first Asian luxury cruise ship, Genting Dream, in Singapore, Hong Kong and Guangzhou, China.   Executive Chairman, Tan Sri Lim Kok Thay


Deutsche Schiffahrts-Agentur Opens Office in Munich

Photo: Hamburg Süd

 The Deutsche Schiffahrts-Agentur (DSA) has been operating an office in Munich since October 2016, meaning it is now represented in four German cities. In addition to the new office in Munich, there are locations in Dusseldorf, Frankfurt am Main, and Stuttgart.  


NORDEN Names New Head of Dry Cargo

Photo: NORDEN

Dampskibsselskabet NORDEN A/S has hired Christian Vinther Christensen as new head of the Dry Cargo Department.   Christian Vinther Christensen takes up his new position January 1, 2017 and becomes part of Senior Management reporting to CEO Jan Rindbo.  


Canada Oil Sands Asia Export Dream Faces Port Bottleneck

The bullish view for Suncor Energy Inc (SU.TO), Cenovus Energy Inc (CVE.TO) and other Canadian energy producers calls for Prime Minister Justin Trudeau by next month to approve a major pipeline expansion to the west coast, boosting sales of land-locked oil sands crude to Asia.  


Crowley Sells Ice-breaking Cargo Barge to Tagiuk

Crowley Marine Services has sold a 205’ x 90’ x 15’ former ice-strengthened, icebreaker / cargo barge, Arctic Endeavor, to Tagiuk LLC., the ship broker Marcon International, Inc. reported.   The 3,029mtdw barge was built in 1982 by Gunderson Bros


Asia Tankers-VLCC Rates May Hit Multi-Month Highs

File Image of a VLCC (CREDIT: EURONAV)

VLCC rates last week hit highest since April, May; balanced tonnage supply-cargo demand support rates. Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs last week, could climb further if there is a flurry of pre-Christmas chartering activity






 
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