Luxury Product News

Feadship has launched the 57.60-metre twin-screw motoryacht with an interior from Bannenberg & Rowell Design. Larisa features a contemporary classic exterior profile, with a wide range of modern features. The strong curvaceous signature lines of the design are supported by a straight knuckle that runs all the way round the yacht from the bow to the stern. At the launch ceremony, Feadship director Henk de Vries praised the excellent cooperation with the owner's team, Bannenberg & Rowell Design and the captain.

According to Lazard Freres and Co., the impact on Carnival's (CCL) business in the first week following terrorist attacks on September 11th is estimated at around $20 million, including loss of revenue from canceled cruises, port reposition costs, and additional transportation expenses. They have since dropped to about 50 to 60 percent of typical levels for this period, but cancellations, which had increased sharply in the days immediately following September 11th, have started to decline steadily with new bookings now outpacing cancellations. Luxury product continued to suffer in the quarter- the company has sold two vessels from the Seabourn fleet and reduced staff at Cunard/Seabourn by 25 percent.

Platinum SuperYachts Inc. announces the formation of a strategic alliance with Custom Marine International Inc. (CMI Yacht), a U.S. based corporation. CMI is strategic to Platinum's business plan because of its unprecedented joint venture with China Shipbuilding Industries (CSI) for constructing state-of-the-art, large steel, aluminum, and fiberglass yachts at CSI's facilities in the Peoples Republic of China. The CSI shipyard boasts state-of-the-art facilities complete with leading edge technology and technical innovations, resulting in the ultimate in style and quality luxury yachts. Platinum is scheduled to receive preferred construction slots at the shipyard and will be able to provide custom and semi-custom mega yachts at a significant cost advantage.