Utile Maritime Legislation Enacted in Marshall Islands
'Financing Charters' may now be treated as 'Preferred Mortgages' — The Republic of the Marshall Islands passes Maritime Amendment Act (No. 1), 2013. The Republic of the Marshall Islands’ Nitijela has passed the Maritime Amendment Act (No. 1), 2013 – a legislative initiative of key significance to the international marine finance community. The first-of-its-kind legislation permits a “financing charter” to be treated as a preferred mortgage in favor of the registered owner of a Marshall Islands vessel, which allows a charter party to make precautionary security filings to protect and perfect its interest in a chartered vessel. This solves…
Burger Boat’s Sycara IV Wins Award
Burger Boat Company’s Syara IV, a 2010 151.2 ft Fantail Motor Yacht, was awarded the Best Design Trophy for Custom Yachts Under 50m at the prestigious 2009 World Yachts Trophies organized by LuxMedia Group and held in conjunction with the Cannes International Yacht and Boat Show September 12, 2009. Sycara IV won the award thanks in part to her unique design, reflective of her owner’s desire to build a family yacht true to the Golden Age of yachting. Sycara IV recaptures the grace…
Burger Boat’s Sycara IV Sea Trial
Sycara IV, a classically-styled custom 151 ft Fantail Motor Yacht, underwent an extensive sea trial on Lake Michigan where all systems were tested. Her owners, being particularly concerned about the environment, wanted this yacht to have low fuel consumption and a small wake that would not cause damage to the shoreline. The sea trials confirmed that while cruising effortlessly at 12 ½ knots with a very small wake Sycara IV burned only 27 gallons per hour, generator included. Sycara…
Burger Boat Company Launches SYCARA IV
Burger Boat Company launched SYCARA IV, a 151 ft Fantail Motor Yacht. SYCARA IV, a classically-styled custom Fantail Motor Yacht, was launched on June 20 in front of a crowd of well wishers. Her owner, family and friends watched as SYCARA IV was gently lowered into the Manitowoc River by Burger’s 500mt Marine Travelift shortly after she was christened by Elsie Catena. Styled after the classic yachts of the 1920’s, SYCARA IV brings together the design talents of Naval Architect…
