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Trinity Yachts to Acquire IYC

Trinity Yachts, LLC (Trinity) and International Yacht Collection (IYC) have announced today that they have signed a Letter of Intent for Trinity to acquire IYC. This acquisition will expand Trinity's capabilities and enable it to offer its clients the entire range of yachting services: new construction, repairs, brokerage, charter management, retail charter, yacht management, and crew placement. It is expected that the purchase should be completed by July 1, 2007.


Precious Cargo Returns to S. Florida

The 686-foot Yacht Express in Martinique.

Every October at Port Everglades, one of the most active cargo ports in the United States, Dockwise Yacht Transport (DYT) reminds the world that its semi-submersible ships are among the most extraordinary in the world, and the cargo they carry is as precious as any delivered around the globe by the thousands of ships that pass through there.    This year, not one but two Dockwise ships, the 686-foot (209-meter) Yacht Express and the smaller 555.93-foot (169


WESMAR to Introduce New Fin for Yachts

Superyacht fin picture 2_web.jpg

WESMAR (Western Marine Electronics) will introduce a 50-square-foot mega fin at the Fort Lauderdale Boat Show on October 27-31 in Florida. Designed for luxury yachts, charter and super yachts, these new fins, coupled with WESMAR’s triple axis digital DSP4800 control electronics, are designed to reduce up to 90% of vessel roll. They are rugged with a neutrally buoyant design that adds lift, and are designed with added strength and reliability to meet the high performance requirements


Electric Boat Hire Initiative in Chicago

Duffy Electric Boat: Photo credit Vantage YC

Boat-share company Vantage Yacht Club takes delivery of four electric boats from Duffy Boats Vantage Yacht Club, offering shared yacht ownership announce additions to its Fleet Membership and Non-Member rental fleets with the delivery of four electric Duffy Boats. Arrival of the electric boats is the first such initiative in Chicago. Electric boaters will cruise the Chicago River taking in the sights and sounds of the city while promoting environmental responsibility and sustainability


Megayacht 'Arianna' Charters to be Handled by SG Private Wealth Advisors

SG Private Wealth Advisors oversaw construction of 50 m Megayacht 'Arianna' now chosen to market the vessel, promote for charter SG Private Wealth Advisors, a billionaire-founded multi-family office, announce it has been chosen to manage all marketing efforts involving Arianna—a 50-meter mega yacht. This includes the promotion of Arianna's availability to charter. From the start of the project in 2009, SG Private Wealth Advisors has overseen all elements of the design


Super Yachts Give Boost to NZ Economy

Image from Facebook page of Superyachts in Auckland

 New Zealand Customs Minister Nicky Wagner says mid-winter marks the end of another successful yacht season, with many of the remaining international yachts departing at the end of last month.   "57 superyachts visited between April 2014 and March 2015 , compared with 37 during the previous season. This is the highest number of superyacht visits since we hosted the America's Cup in 2000," Ms Wagner said.  


Yacht Assists Crew in Atlantic Rescue

The largest single masted yacht in the world assists 33 foot yacht in Atlantic rescue. The Falmouth Coastguard were contacted by their colleagues at Thames Coastguard who received a telephone call from a lady crew member on the yacht Compromise competing in the ARC Challenge 2006. Falmouth Coastguard contacted the yacht and spoke to the lady crew member who reported that she had a medical emergency on board. Falmouth Coastguard initiated broadcast action to locate any vessel in the


MARIS Makes Agreement With Peter Johansen Group

Maritime Information Systems AS (MARIS) has made an agreement with the Peter Johansen Group A/S in Denmark to supply radar/ARPA, ECDIS and VDR to its super luxury yachts on an exclusive basis Under the name Royal Denship the Peter Johansen Group is building a series of super luxury yachts for foreign owners. These yachts are being built at several Danish shipyards. The agreement includes deliveries of the following products from MARIS: ARPA2000 Radar/ARPA automatic radar plotting aid


Diverse Projects’ Latest Vessel

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Build Project 08 is currently under construction at Profab Central Engineering Ltd in Palmerston North, New Zealand. The hull was successfully rolled over in October, and the superstructure is now taking shape. Stage two of the program, interior, paintwork and finishing details will later take place in Whangarei, New Zealand. BP08’s sleek lines were designed by Craig Loomes Design Group. The 103.3 ft passagemaker is being built to Germanischer Lloyd 100 A5 class and New Zealand MSA


Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Photo courtesy of Harbor Breeze Cruises

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.   Harbor Breeze is one of the largest yacht charter and cruise companies operating within the two busiest ports in the United States. Lucas Marine is a division of Lucas Oil Products, Inc. - leader in the development of high performance lubricants and problem solving additives.  


RV Sally Ride Enters Dry Dock for Maintenance

Photo courtesy of Bay Ship and Yacht

The Sally Ride, a Neil Armstrong Class Auxiliary General Oceanographic Research (AGOR) vessel, dry docked at Bay Ship and Yacht on April 15, 2017, to carry out modifications to superstructure and to perform general vessel maintenance. Named for the late astronaut Sally Ride


Mathewson Joins FarSounder as Sales Director

 Marine electronics manufacturer FarSounder, Inc. announced that Michael Mathewson has joined the company in a newly-created position of Director of Global Sales, charged with addressing the continued growth in the international marketplace for FarSounder key technologies for commercial


OSC Launches VLCC Chartering Business

Photo: OSC

Oman Shipping Company (OSC) has officially set up a new commercial chartering desk offering its Very Large Crude Carrier (VLCCs) to major traders and charterers covering VLCC routes worldwide.   OSC, one of the biggest ship owners in the MENA region


Navios Partners Buys Five Rickmers Containerships

Owner and operator of dry bulk and container vessels Navios Maritime Partners L.P. said it has acquired five containerships from Rickmers Maritime Trust Pte for $59 million.   The five 4,250 TEU vessels are employed on charters with a net daily charter rate of $26


Seanergy Bags Time Charter for Capesize Bulker

Photo: Seanergy Maritime Holdings Corp

 Seanergy Maritime Holdings Corp has entered into a time charter contract (T/C) with a major European charterer, for one of its Capesize dry bulk vessels, for a period of about 18 months to about 22 months.    The T/C is for the 180


Concordia Maritime Charters Two MR Tankers

Concordia Maritime has signed a contract for the chartering of two IMO2/3 class MR tankers. This a joint chartering arrangement with Stena Weco, and Concordia Maritime’s share amounts to 50 percent. The contract is for one year, and the charters run from June and July 2017.


Polarcus Amani Delivered to Sovcomflot

Polarcus Amani (Photo: Polarcus)

 A 5.5 year bareboat charter agreement between Polarcus Limited Norwegian subsidiary Polarcus Amani AS and SCF GEO AS (Sovcomflot) has been signed, and the vessel delivered to Sovcomflot in Bergen.   The vessel was delivered without streamers


Scorpio Bulkers Charters in Ultramax Vessel

Dry bulk vessels owner Scorpio Bulkers Inc. said it has entered into a time charter-in agreement with an unrelated third party on one Ultramax vessel.   The agreement is for two years at approximately $10,125 per day with an option to extend the agreement for one year at approximately $10


Diana Charters out Sagitta to Hapag-Lloyd

Sagitta (Photo: Diana Containerships)

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, the MV Sagitta. The gross charter rate is $9,500 per day, minus a 1


Diana Shipping Gets Time Charter Contracts for Three Vessels

Photo: Diana Shipping Inc

 Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York.    The gross charter rate is US$14,450 per day


Global Ship Lease Report Q1 Financials

Image: Global Ship Lease

The containership charter owner Global Ship Lease (GSL) has reported first-quarter net income of $6.8 million. Its revenue stood at $39.6 mln for the Quarter.   Ian Webber, Chief Executive Officer of Global Ship Lease, stated, "During the first quarter of 2017


FDR’s Yacht Plies the Waters of San Francisco Bay

The presidential yacht, Potomac, recently underwent maintenance drydocking at Bay Ship and Yacht in Alameda, Calif. (Photo: Business Wire)

President Franklin D. Roosevelt’s presidential yacht, Potomac, is once again plying the waters of San Francisco Bay after undergoing a maintenance drydocking at Bay Ship and Yacht in Alameda, Calif.   Long known as the “Floating White House


Diana Adds Post-Panamax Bulker, Bags Contracts

Photo: Diana Shipping

 Diana Shipping announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Phaidra (formerly “Soya May”), a 2013 built Post-Panamax dry bulk vessel of 87,146 dwt that the Company entered into an agreement to purchase in April 2017.  


New Fast Displacement Yacht is First with Hybrid Propulsion

Photo: Heesen Yachts

A new motoryacht built by built by the Netherlands’ Heesen Yachts is the world’s first Fast Displacement equipped with hybrid propulsion. Christened M/Y Home, the vessel is ultra-efficient, low fuel-burning and one of the quietest on the oceans.  


VLCC Rates to Fall Further in Well-supplied Market

File photo: Maran Tankers Management

Freight rates for very large crude carriers (VLCCs) are set to slide further next week, falling below tanker break even costs on routes from the Middle East, as too many ships chase too few cargoes, brokers said on Friday.   "In today's market Middle East charter rates are around $15






 
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