Ritchie Bros. Auctions Off PacifiCat Trio

Tuesday, March 25, 2003
Ritchie Bros. Auctioneers have concluded the results of the sale of the PacifiCat catamaran fast ferries. The three vessels, which sold for a total of $13 million within 10 minutes, also involved ancillary equipment auctioned off for $650,000 – for total auction proceeds of $13.6 million. The ferry trio was purchased by one buyer, who has decided to remain anonymous, while the ancillary equipment was bought by a group of nine different buyers.

According to David Ritchie, chairman and CEO of Ritchie Bros. Auctioneers the vessels were not a hard sell. “Without exception, the potential bidders who inspected the vessels were impressed with the excellent state in which the vessels has been maintained,” he said.

Randy Wall, president and COO commented on Ritchie Bros. successful marketing efforts toward the vessels’ auction, which according to the company, attracted tens of thousands of potential buyers from around the globe; several hundred of whom were engaged in detailed discussions prior to the auction. According to Wall, “There were seven groups from North America, Asia and the Middle East, who cleared our (Ritchie Bros.’) financial screening process, made the mandatory $2 million deposit and registered to bid at the auction.”

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Sales

IRISL Looks West with New Vessels

The Islamic Republic of Iran Shipping Lines (IRISL) plans to become one of the world's top ten shipping lines. It plans to modernize its fleet and ally with international

Azerbaijan to Get New Passenger Vessel This Year-end

Azerbaijan Caspian Shipping Company  expects to get the first of the three passenger vessels being built currently at the Baku Shipbuilding & Repair Plant (Baku Shipyard LLC) until the end of 2015,

Supramx Ship Delivered to Seanergy

Dry Bulk shipping company Seanergy Maritime Holdings Corp. announced today the delivery of a 56,819 dwt Supramax dry bulk vessel, renamed M/V Gladiatorship.   The vessel,

Passenger Vessels

Mercury Marine, FPT Partner for Diesel Engine Launch

Mercury Marine informs it has signed a supply agreement with FPT Industrial to make the FPT 6.7L mechanically fuel injected NEF engines available for sale in global markets.

First Cruise Ship of the Record Season Arrives Auckland

Auckland’s bumper cruise season has officially kicked off with the arrival of Princess Cruises’ mega liner Diamond Princess into port today (October 08).   New

Incat Crowther Designs Ferry for Malaysia

Incat Crowther has been commissioned to design a passenger transport ferry to be operated by Cataferry Sdn Bhd, in Malaysia.   The main deck features a full width cabin accommodating 151 passengers.

Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1126 sec (9 req/sec)