Stabbert Yacht & Ship Shipyard

Monday, March 23, 2009

CEO Dan Stabbert and Paul Madden, Head of Sales, announced the sale of the 308 ft ex-NOAA Research Ship Sahara to a European buyer. This vessel is currently undergoing a complete re-fit and conversion at Stabbert Yacht and Ship (SYS) in Seattle. The vessel will be exported from the US and may benefit from a new export financing program that SYS is offering to international buyers. Under this program, Stabbert is able to offer competitive financing for buyers by guaranteeing term financing to creditworthy international buyers for purchases of U.S. vessels and refit/conversion services.

"The advantages to foreign buyers in the current economy are enormous." states CEO Dan Stabbert. "Market conditions present unique opportunities to buy seaworthy commercial vessels for conversion to exploration yachts, shadow boats, or for specialized missions such as oil research or security duties."

To date Stabbert has completed over 30 vessel conversion projects in the commercial and yacht sectors of the industry.  Stabbert Maritime Group has recently completed a total refit of the 143 ft Sterling Motor Yacht Devotion (ex Marjorie Morningstar), and also the 180 ft Revelation (ex-Patagonia).

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

Ship Sales

Impact of Financial Crisis on Greek Shipping

Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.

Research Vessel Concept a First for Voith

The new fisheries research vessel of the Shanghai Ocean University will be a first for Voith in several respects.   It is the first fisheries research vessel

Shipping Gloomiest Since 2009

The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright, says a report in Reuters.

 
 
Maritime Standards Navigation Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.0960 sec (10 req/sec)