Fraser Yachts announced this morning its fifth yacht sale in just ten days. Whilst the summer period is traditionally a quieter time for yacht sales 2014 seems determined to continue the positive path it set out on at the beginning of the year. Last week the 26m ELENA B from Cantieri di Pisa was sold by Oscar Romano, quickly followed by the 35m Benetti PARADIGM sold by Michael Selter in San Diego, the 44m CRESCENT 144 currently under construction at Crescent Yachts in Canada which was sold by Neal Esterly also in San Diego and the classic motor yacht CAPELLA C, sold by Richard Earp in the Monaco office. Now EVIL ZANA has been added to the list, a 38m Sunseeker sold by Antoine Larricq also in the Monaco office. Fabio Ermetto, Chairman of Fraser Yachts commented, “This is clearly excellent news not just for us but for the industry as a whole. There are a number of economic concerns at the moment but our brokers are continuing to work hard and close deals. What is especially important for us is that these sales are taking place all over the world and for all different types and sizes of yachts; proving that we truly are The Superyacht Experts”. The announcement of the five sales confirms Fraser Yachts’ leading position as the number one brokerage company. Market Intelligence data recently published by Boat International Media showed that in the first six months of the year Fraser Yachts once again sold more superyachts than any other brokerage
Yacht & Brokerage Show in Miami Beach – attendance, exhibitors, sales up Attendance at the recent Miami Beach Boat Show based on concession sales and number of people using show transportation at the free-to-the-public event, was up more than 7 percent. Most importantly, notably strong sales activity was reported by numerous builders including Fairline, Viking, Ferretti, Hatteras, Westport and Marquis and brokerages including Allied Marine, HMY and Merle Wood, among others.
Largest American Built Superyacht to Launch in 2011. Trinity Yachts is pleased to announce that its largest custom superyacht to date—and the largest American built yacht in 2011—the 242’ (73.8m) six-deck, full displacement steel hull, New Horizon, launched in mid November 2011. The epitome of the design, naval architecture and engineering that Trinity Yachts incorporates in each meticulously custom superyacht built, New Horizon caps a remarkable year for the U.S
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
Rob Scanlan, CMS/MMS/ACMS Accredited & Certified Marine Surveyor gives the following guidance on the new law regarding donated boats, yachts and ships: The new law states that the deduction value of a donated boat, yacht or ship is limited to the gross proceeds of a sale by the charity on the open market. There is however, exceptions to the gross proceeds rule which will allow you to deduct the fair market on the date it was donated. They are as follows:
Deborah L. Natansohn has been named president of Seabourn Cruise Line. A well-known industry veteran, Natansohn most recently was senior vice president of sales and marketing for Cunard Line Ltd., where she spearheaded the launch of the celebrated Queen Mary 2 and the rebranding of the venerable line. Natansohn's appointment is part of a corporate restructuring in which the ultra luxury, all-suite Yachts of Seabourn will operate as an independent brand within the Carnival Corporation
Show Management believes turnaround in yachting business has begun from evidence of recent Palm Beach International Boat Show There were signs at the recent Palm Beach International Boat Show that the much anticipated turnaround of the yachting industry has begun. Compared to 2011, attendance was up 12 percent cumulatively the first two days of the four-day show. Show Management, the company which produces the boat show, reported more boats on display in several categories this year
Michael DeLillo, recently received the promotion of vice president of sales & marketing for Walker. He first joined Walker Engineering in 1994 as the regional manager for the Southeastern United States. DeLillo moved to the California headquarters, when he was promoted to director of sales and marketing for the company. As vice president, he will continue to be responsible for the overall sales and marketing of the Walker AIRSEP®, FUELSEP® and the new ALGAESEP® product lines
Genmar Holdings, Inc. announces that it has signed a definitive agreement to sell Hatteras Yachts, Inc. to Brunswick Corporation for approximately $80 million in cash. The agreement contains provisions allowing for an additional payment of up to $20 million based on Hatteras achieving certain financial targets over the next 20 months. Consistent with its June 27, 2001announcement, Genmar's Board of Directors considered all appropriate alternatives with respect to Hatteras and concluded a
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
CoCo Yachts B.V. inks contract with Xunlong Shenzhen Ferry Company for one Coastal Cruiser 300 Xunlong Shenzhen Ferry Company has ordered a Coastal Cruiser 300 ferry from CoCo Yachts, a Dutch design company specializing in the design of aluminum catamarans.
Bunkering rose again for the first time since 2011 in Rotterdam, the biggest bunker port of Europe: 10.6 million tonnes compared to 10.4 in 2013. The whole of the increase is accounted for by marine gas oil and diesel; sales rose from 500,000 to almost 700,000 tonnes
At 2:10 a.m. Jan. 3, 2015, while en route to Oranjestad, Aruba, Holland America Line’s ms Zuiderdam answered a distress call from the Bahamian inter-island vessel Excalibur that was sinking with eight crewmembers onboard. Zuiderdam was approximately 15 miles away and the
Ship Finance International Limited announced that Seadrill Limited has exercised a purchase option for an ultra-deepwater drilling unit. Ship Finance acquired the West Polaris in 2008 and chartered it to a subsidiary of Seadrill on a long-term bareboat charter where Seadrill was granted
BOURBON completes vessel sales to ICBC Financial Leasing and Standard Chartered Bank and announces new sale and bareboat charter agreement with Minsheng Financial Leasing Co. BOURBON has completed the transfer of ownership under the agreements with ICBC Financial Leasing (ICBCL) and
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 1.8 million for the provision of 3D EM data from a portion of the EMGS' multi-client data library in Foz do Amazonas in Brazil.
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
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
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
Rolls-Royce has successfully completed seatrials of its first S4 series of waterjets, designed to give higher efficiency at lower speeds. The trials aboard the recently upgraded Tangalooma Jet, a 350 passenger-carrying high-speed catamaran
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