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.
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:
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
Marine Manufacturer Adds Talented Technical Sales Professional To Expand Key Big Boat Market Segment Presence IMTRA, the leading manufacturer and importer of quality marine products, announced today the addition of Prentice Weathers to its sales team. Focusing on business development efforts for the big boat segment, Weathers has joined Imtra in a Custom Product Sales position. In his new role, Weathers is dedicated to providing excellent customer service
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
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
VesselVanguard announced today a new partnership with Hatteras Yachts to provide a five-year subscription for its award-winning maintenance management solution to every buyer of a new Hatteras convertible or motor yacht. Hatteras owners will be among the first to have access to two groundbreaking new features of VesselVanguard’s cloud-based technology: GPLink telematics integration and interactive deck maps.
Even the chilly Dutch North Sea looks rather nice when graced by the gorgeous lines of the new 74-metre AMELS 242, out for sea trials near the AMELS yard in Vlissingen, the Netherlands. With her long streamlined looks created by renowned British designer Tim Heywood
Afai Southern Shipyard (Panyu Guangzhou) Ltd. and CoCo Yachts B.V., announced that the first of the two fast ferries was delivered to Zhuhai High Speed Ferry Company in late February. The vessel named HAI QIN recorded a top speed of 38.11 knots at full load on sea trials.
Largest contract to date for Inmarsat’s Fleet Xpress paves the way for ‘smart shipping’ for Nanjing Tanker Corporation, with installation of Cobham’s SAILOR 60 GX and SAILOR 100 GX antenna systems across 70 ships
Inmarsat (LSE:ISAT.L), and Cobham SATCOM today announced that their partner Beijing Marine Communication & Navigation Company Ltd. (MCN) has won the largest Inmarsat Fleet Xpress installation project to date, with Nanjing Tanker Corporation of China
London-based architect Jonathan Schwinge designed the pyramid-shaped yacht called the Tetrahedron Super Yacht. Billed as aviation on the sea, the radical concept from a London-based architect flips traditional yacht design on its head with a complete rethink.
ABB will deliver electrical propulsion and power systems to a new luxury superyacht. The 100+ meter LOA vessel, Zoza (working title), is scheduled for delivery in 2018 and will be built by Benetti shipyard in Livorno, Italy. The owner of the ship selected ABB’s Azipod propulsion at
Leif Kristian Weum has been appointed to the position of Managing Director of the Kongsberg Maritime Sales and Service office in Athens, Greece. Kongsberg Maritime Hellas SA is a key Sales & Customer Support office established to serve the significant number of Greek
Suntex Marinas, an owner and operator of marina properties, announced today the promotion of Martin Lucas to the role of Director of Customer Service and Memberships. In this new position, Lucas will spearhead the development and execution of customer interaction and retention initiatives.
Communication solutions provider Marlink has consolidated all business under a new identity, serving commercial maritime and land customers through indirect and direct sales channels The commercial satellite communication division of Airbus Defence and Space has been rebranded as
In addition to standard containers, Hapag-Lloyd also transports special cargo that cannot be containerized. Among others, ships and yachts "piggyback" on board container ships. Each year, Hapag-Lloyd’s fleet transports several million containers over the world’s seas
FUSION confirmed today that its industry-leading marine entertainment systems are featured on the premier vessels produced by Dutch yacht builder, Linssen Yachts. Marine equipment and technology distributor Technautic provides Linssen with the latest head units from FUSION Entertainment
DP World has announced plans to build a new marina for luxury yachts at Port Rashid in Dubai. The project comes in response to an increased demand for luxury yachts. Tenders for construction will be invited soon. The first phase of the project is scheduled to open by 2018
Conditions in many sectors of the shipping market are extremely challenging today, but some asset market watchers might look at that as fertile ground for new opportunity, says Clarksons Research. However, different parts of the market cycle pose different questions for
At a special press event held at the Palm Beach International Boat Show, MarineMax announced today that they are expanding into yacht management, crew placement and charter of luxury megayachts. Bob Saxon Associates, has joined MarineMax as part of the new endeavor that will be headquartered
Six boats and 10 housing sheds were destroyed by a fierce fire early Sunday morning at the Port Orchard Yacht Club. South Kitsap Fire officials say the fire broke out around 3 a.m. at the yacht club on Bay Street.