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.
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, 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
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
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 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.
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
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
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
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.
The Affordable Care Act (ACA), otherwise known as Obamacare, the recent healthcare plan in the United States, is affecting the international superyacht industry, according to yacht insurance expert Eva Maria Karlsson of Superyacht Insurance Group (SYIG).
The Shipowners’ Club is a mutual provider of P&I insurance that has throughout its 160 year history been dedicated to serving owners of small and specialist ships. These vessels, active in a range of different operations, are at the lower end of the size spectrum and
Marcon International, Inc. of Coupeville, Washington infomred that Tidewater Marine International Inc. has sold their 41.2m x 8.2m x 3.5m depth / 2.38m draft, high-speed, aluminum crew / supply vessel “Patrice Tide” to private European operators
Gamma Yachts has built its most customized Gamma 20 so far, with smart design from Vripack, to opera singer Andrea Bocelli. Gamma Yachts announced the delivery of 22.1-meter M/Y Libertas, the third in its Gamma 20 ‘mini’ super yacht series
Gavin Higgins has been appointed Chief Executive Officer of Ice Floe LLC dba Nichols Brothers Boat Builders (NBBB), the company announced today. Effective immediately, Higgins replaces Matt Nichols, one of the company’s founders who has served as CEO of NBBB since February 2012
The 126-foot research vessel M/V OCEARCH is currently making its way from Port Everglades, Florida to Brisbane, Australia on board DYT Yacht Transport’s semisubmersible ship 686’ flagship Yacht Express. The research vessel is the namesake of the nonprofit organization OCEARCH
Capesize rates fall to six-year lows; rates below ship operating costs, according to accountancy firm. Rates for capesize bulk carriers on key Asian routes, which crashed close to six-year lows on Wednesday, will continue their inexorable fall in the face of few fresh cargoes, brokers said.
As part of its product rollout strategy Eco Marine Power (EMP) announced today that it has signed a support agreement with Theodosiou Bros Ltd (TRIAD Ltd) of Piraeus, Greece. This agreement between EMP and TRIAD Ltd will lead to the establishment of a technical support hub in Greece from
Vessel traffic on the Intracoastal Waterway near Bal Harbor, Florida is restricted following an incident involving a yacht and the Broad Causeway bridge. Due to the incident, only the bridge's west leaf is able to open. Restrictions on vessel traffic limit movement of large
Chicago’s Christmas Ship Committee, Coast Guard set for 15th anniversary of re-enactment, delivery of 1,200 Christmas trees for deserving families. The Coast Guard Cutter Mackinaw, serving once again as this year’s “Christmas Ship” and loaded with more than 1
With new projects on the drawing board and the sales ticker counting higher, 2014 was bound to be a milestone year for Kadey-Krogen Yachts. Today the company is happy to announce their 600th new boat sale, a Krogen 44’ AE, to two new members of the Kadey-Krogen family of owners
Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes could nudge higher amid a flurry of new cargoes and tighter tonnage supply that propelled rates to their highest in nine months
Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create one of the sector's biggest players globally. The deal would be the latest in an industry which has suffered one of its worst-ever
Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs) on key Asian routes are set to continue the rebound that started on Wednesday with a raft of new cargo requirements and upbeat sentiment
Shipping market prospects picking up after record downturn; shipbroker M&A deals have gathered pace this year. ICAP's shipping business is in merger talks with rival shipbroker Howe Robinson, the latest potential tie-up among sector players looking for scale after years of freight market