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.
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
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
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
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.
Gerardus Chapel, the chief mate at the helm of the dredger that collided with a sailing yacht at the entrance to the River Orwell in Suffolk last summer, has received a six-month sentence. On June 8, 2014, Shoreway, a 98-meter, 5,000-metric-ton dredger owned by Koninklijke Boskalis
Hornbeck Offshore Services has closed the sale of three 250EDF class OSVs to the U.S. Navy, the company announced today. The three vessels were sold for cash consideration of $114 million, the company reported. This is expected to result in a gain on sale of assets of
UAE-based yacht and boat builder, Gulf Craft has made three global launches of latest super yacht - the Majesty 122, the Nomad 65 and 75 from the new collection of yachts designed for the passionate seafarer. Three new luxury yachts worth a total of Dh53 million were unveiled
Following an extensive evaluation protocol, the Kuwaiti Ministry of the interior has placed an order with Tampa Yacht Manufacturing LLC based in Florida – U.S.A, parent company of Tampa Defence UK and Tampa Defense USA, for 29 Fast Coastal Interceptor craft for the Kuwaiti Coast Guard
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
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
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.
Developed by Dutch shipbuilders Feadship, the 83.5m Savannah is touted as the world's first hybrid super yacht. Vessel is 30% more fuel efficient than similar sized counterparts, claims the company. The eco-friendly super yacht uses a blend of a single diesel engine, three gensets
The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement (EIS) for proposed Central Planning Area (CPA) Lease Sales 241 and 247 and Eastern Planning Area (EPA) Lease Sale 226.
Oceanco delivered the first superyacht of 2015 today, the 291-foot (89 meter) INFINITY. Built under the code name Y710, the yacht features an exterior design by Espen Øino and an interior design by Sinot Exclusive Yacht Design and David Kleinberg Design Associates.
Greece's government said on Wednesday it was sticking to plans to halt the sale of its two biggest ports, Piraeus and Thessaloniki, rebuffing reports it was having second thoughts. Prime Minister Alexis Tsipras's new leftist government has sought to cancel key terms of Athens' bailout programme
The U.S. Department of the Interior (DOI) released a Final Supplemental Environmental Impact Statement (FSEIS) for Chukchi Sea Lease Sale 193, moving the DOI a step closer to resolving federal court concerns regarding the 2008 oil and gas leases offshore Alaska
Caterpillar Marine has shipped Cat® C8.7 supercharged diesel engines. The electronically-controlled C8.7 is capable of delivering an impressive 650 MHP @ 2300 RPM while meeting EPA Tier 3, IMO 2, EU Stage IIIA and RCD emissions requirements
L-3 SAM Electronics has been awarded a contract to provide its NACOS Platinum Automation Navigation Control System aboard Golden Yachts Ltd's O’Pari3. Built at Lamda Nafs Shipyard, Greece, O’Pari3 is a new 72-meter, 1,166-gross-ton luxury megayacht that will be available for
Electrical interconnect and automation solution manufacturer WAGO has appointed Jeff Zimmerman as Regional Sales Manager for the Northwest region, the company announced today. Zimmerman will coordinate WAGO’s sales and marketing activities in Oregon, Washington and Idaho