Not for Finance

With Bavaria filing for bankruptcy I think it is finally proven that the boat building business is not cut for financial institutions.  Many have tried in the past with different type of business models from the luxurious giants with a handful of brands, to a one brand show, and now to one of the largest production boat builders in the globe.

In most cases it seems to never work out, and now this latest Bavaria story confirms more then ever the notion that boat building is really not made for financial institutions.  Looking back to this story at hand it did not seem to happen since Bavaria went to the Dusseldorf 2018 boat show full guns blazing with novelties and a nice outlook for the future, including of which the presentation of its largest motor boat to date with the new R-55.

This Bavaria falling follows what came at the end of 2017 when Brunswick announced it intended to sell Sea Ray, possibly it's largest in its fifteen boat company portfolio.  In the press release that Brunswick communicated it said that it will concentrate more on the outboard market which has seen a big expansion in the last decade especially for boats under the forty feet in the United States of America.  

This was a surprise announcement from Brunswick considering the recent expansion Sea Ray has been getting as for example the introduction of the fifty feet plus L-line yacht range introduced three years ago, which today features six models and goes up to 65 feet.  It will be interesting to see if really Brunswick will sell Sea Ray, as financials have a habit of doing this to evaluate the price of the asset.  Whether they do it  or not, at a point Sea Ray will need a plan to move forward, which if Brunswick is not motivated to do, will mean the asset  is really for sale.  

Brunswick sale of Hatteras has favoured it very well, with Cabo which was included in that sale not so much since it was closed and dusted.

Being fully luxury based, pleasure boat building is a difficult business to predict and understand with the human side of operating things and building the boats making part of a complicated equation.  Business choices and operation is also very different to say car making which is what most people like to compare boat building to, and here business institutions must understand that apart a nice degree when managing boat builders one needs persons who understand the boat building sector inside and out. 

Monthly News - April 2018

-pic of the month- Sunseeker Founder John Braitwaite Retires

Azimut Wins Best Brand Presence in Asia

Azimut Yachts picked up their second consecutive award for ‘Best Brand Presence in Asia’ at the prestigious Asia Boating Awards 2018, held ahead of the Singapore Yacht Show 2018. Created by Asia-Pacific Boating and China Boating magazines in 2005, the annual Asia Boating Awards are the most renowned yachting awards in Asia and across the world. The awards bring together the best in the industry and celebrate the success of the various brands, builders, marina and clubs, companies and individuals.  The ‘Best Brand Presence in Asia’ award celebrates Azimut as a company that has done the most to build its brand in Asia through creative advertising and event sponsorship, developing growth and improving brand recognition in the region and beyond. On the win, CEO Marco Valle says, “We’re proud that Azimut Yachts has been recognised for our strong presence in the region. This is a testament to our excellent team and network that has worked hard to increase brand visibility and more importantly make sure that each customer feels valued and well taken care of. Asia is an extremely significant market for us, and we look forward to continued growth for many years to come.” Across collections, Azimut yachts are renowned for elegance, sleek design, harmonious lines, responsive handling and utmost comfort, combined with unexpected space. As a brand Azimut consistently sets the trend in the wide body segment, due to its revolutionary carbon fiber construction. The extensive use of carbon fiber, which Azimut has pioneered in all its collections, makes it possible to extend the space available without increasing the yacht’s weight, resulting in better performance in the water and unprecedented comfort onboard.  This award comes on the back of multiple award wins for design and research and development for Azimut Yachts in 2018.


Baglietto Run for Funds 2018 a Success

Also this year Baglietto, historic shipyard based in La Spezia owned by the Gavio Group, participated in the Milan Relay Marathon held yesterday, Sunday 8 April for the city center, to support the Onlus Sport Senza Frontiere , Platinum Charity Partner of the event.  Sport Senza Frontiere is a non-profit association that aims to give disadvantaged children the opportunity to practice a sport, because "bringing sport where there is no means hope and the possibility of a better life".  Over 2875 participating teams, including the two Baglietto - Pachamama teams ,with Laura Barcellone, Michele Gavino, Alessandro Minari and Francesco Zurlo, and Lucky Me composed by Christian Bonaldi, Alessandro Diomedi, Nicolò Busseti and Claudio Bordigoni - who supported the charitable cause:  "By confirming our participation - commented Michele Gavino Baglietto CEO - we have wanted to help give all children, especially those who live in difficult circumstances, a chance to play sports, a fundamental tool for education and development of social inclusion and well-being ".

Bavaria Self Administration Ordered

In accordance with the application of the Bavaria Yachtbau GmbH, the district court of Würzburg yesterday ordered provisional self-administration. Dr. Hubert Ampferl of the law firm Dr. Beck & Partner has been appointed interim administrator.  The shipyard operations will continue seamlessly over the next few months. The delivery season is currently in full swing, so that it will be possible to process a large order backlog over the coming months. “In the current situation, we will continue to provide our customers with the customary high quality,” says Erik Appel, COO. The existing executive management is being expanded to include Dr. Tobias Brinkmann, a specialist insolvency lawyer and partner in the national law firm Brinkmann & Partner. He has extensive experience of reorganising shipyards. The previous CEO, Lutz Henkel, left the executive management last week.  The top priority is now to search for an investor. “We have many years of experience building high-quality yachts and are industry leaders in technology in many areas,” says Appel. Against the background of the good market positioning, the company is seeking to address both strategic as well as financial investors. The procedure is intended to put operations on a sound financial footing.  The first operational restructuring steps, such as the introduction of clear organisational structures in production, have already been implemented. These activities will be continued consistently.  Bavaria Yachtbau GmbH was founded in 1978 and is among the market leaders in European yacht building. Payment of wages and salaries for the months of April to June 2018 will be secured by insolvency compensation. The some 600 employees have been informed in detail.  The petition for insolvency refers exclusively to the Bavaria Yachtbau GmbH. The French subsidiary Bavaria Catamarans SAS in Rochefort will continue to operate as normal.


Bertram Americas Favorite Boat Brand 2018

The people have spoken and Bertram is the champion of the inaugural BoatingMadness bracket challenge. This was one of the closest results of the entire tournament, with more than 1,000 votes cast. The Facebook vote was a dead heat as we left the office last night, but Bertram pulled away in the closing hours.  One of the most recognizable brands among boaters, Bertram can now call itself America’s Favorite. As a 16-seed, Bertram ranked between 61 and 64 in overall Boat Trader listing detail page views, and was an underdog in each match-up throughout the tournament. No stranger to competition, Bertram took down all that stood in its way: Chaparral in the first round, Monterey in round two, Regal in the sweet sixteen, Scout in the elite eight, Hatteras in the Floating Four and finally Viking.  Competition is where Bertram began, Richard Bertram was an accomplished racer in sailing long before building boats of his own. When an annual powerboat race existed between Miami and Nassau, Bertram’s entries dominated the competition. His first generation deep-v “Moppie” design finished hours before the runner-up in 1960.


Feadship Returns Home for Refit

Feadship’s dedicated refit division continues to work hard after a successful winter of activity. The fabulous Faith has just left the Netherlands for warmer pastures and her place has been taken by the lovely Utopia, whose owners fully recognize the exceptional added value of having a Feadship refitted by the craftsmen and engineers who know her best.  Created as a vision of how a superyacht might look if everything that Feadship had learned to date was assimilated into a single project, the 72-metre Utopia made global headlines at the time of her launch in 2004. Loved both by her owners and those who have enjoyed taking her out on charter adventures, Utopia has now returned for a third time to the Netherlands for a refit with Feadship.


Ferretti Group Double Digit Growth for 2018

Ferretti Group presented today in Milan at Garage Italia, in the superb setting of Riva Privée, inaugurated today on this occasion, the financial results of 2017, the outlook and the investments plan for 2018. The Group 2017 financial cycle registered a consolidated production value equal to 623 million euros, demonstrating 10.8% growth compared to 562 million euros in 2016. EBITDA grows by 11,3% compared to 2016 reaching 59 million euros. If 2016 marked the first year of net profit since 2008, passing from -29 million euros to +14.1 million euros, 2017 reconfirms the solidity of the Group, with the PAT (Profit After Taxes) equal to 24 million euros euro and a growth of 71%. Moreover, the Group’s total assets reached 971 million euros, of which 46 million composed by liquidity assets. Alberto Galassi, CEO of Ferretti Group, commented: "The fantastic results of 2017 satisfy us but do not surprise us, because they are the mathematical and natural product of the extraordinary commitment that the whole Group has expressed over the last years. We know very well the formula for double-digit growth, in a single-digit growing market, and we have been testing it for a long time: making boats more and more beautiful, unique and inimitable, investing in Research and Development to combine the excellence of the Made in Italy style with technological avant-garde, that only a Group with our history can boast. The numbers prove it: thanks to the decisive support of the Weichai Group and Mr. Piero Ferrari, the company has achieved a record profit this year, rose to 24 million euros. By decision of the shareholders, the cycle profit will be entirely reinvested in Research and Development on new models, which will be added to the 30 developed in recent years. The production capacity of the Group's 6 shipyards and the workforce also grew, demonstrating that yachting, if managed at best, creates important job opportunities in Italy as well. The brilliant results we have presented today are largely generated by the success of the new serial models, presented in the four-year period 2015-2018, products of great success on the international markets which accounted for about 68% of the total sales value last year. Thanks to the investments allocated, to those planned for the year and an ever-expanding and varied fleet, we are aiming to grow even more, with increasingly surprising percentages, thus creating a solid basis for the development of the next industrial plan, which will be presented at the Cannes Yachting Festival, next September." After completing the three-year plan with optimal performance and having fully regained the leadership of the sector, Ferretti Group confirms the strategic direction already outlined and successfully pursued during the last four years: from 2015 to the end of 2018, 90.8 million euros have been invested and allocated to new investments in R&D and in new products development, for a total of 30 new models, of which 8 only in 2018. The outlook for 2018 foresees a production value of 704 million euros. The 2018 project also includes a recruitment plan of eighty people in all the shipyards, located in Lombardy, Liguria, Emilia Romagna and Marche. The recruitment will focus in particular on the Ancona shipyard, dedicated to the construction of the large steel and aluminum boats CRN, Riva, Pershing, and the Custom Line fibreglass boats.


Grand Banks Unveil New Test Pool

Grand Banks’ manufacturing facility is nothing like your typical factory. For one, they directly own the facility, which means continual investment in its development to ensure it meets our extremely high standards. Part of this investment has led to a brand-new, state-of-the-art test pool. This controlled environment, which accommodates yachts up to 80 feet, tests all systems during the rigid quality control process.  While in the test pool, every yacht is treated like a new part of the Grand Banks family. A red carpet leads to a no-shoe zone where our specialists treat the yacht with the affection and care its new owners will soon lavish upon it. After undergoing two extensive tests in the pool, the yacht undergoes an on-water sea trial before leaving the factory for its new home.


Hatteras to Cross the Atlantic

After the 147.6-foot M/Y Dorothea III, owned by a former U.S. ambassador, spent two years towing its “fishing tender”, the Hatteras GT45X Post One, more than 30,000 nautical miles from Florida to New Caledonia in the South Pacific and back, he decided to upgrade to a new GT63. Also named Post One, his big, beautiful new Hatteras launched from our factory in New Bern, N.C., on January 12th. Today, she is in the fertile fishing grounds off Costa Rica. But transiting the Panama Canal to get there was only the start of the GT63 Post One’s adventures. In July, her owner plans to send her on a voyage that very few sportfishing yachts of her size have ever attempted. Accompanied by Dorothea III, she will cruise across the Atlantic Ocean nonstop from Bermuda to the Azores on her own bottom.


Maritimo Expansion Strategy Continues

Gold Coast based luxury cruiser manufacturer Maritimo has commenced operations in the adjoining commercial property it purchased at the Coomera Marine precinct last year and is on track to increase its workforce and production as the global leisure cruiser market rebounds.  Maritimo purchased the commercial property adjoining its current head quarters on the Gold Coast to enable future expansion and after undertaking works within the new building it moved part of its manufacturing process in at the start of February.  The homegrown company has expanded from its Coomera Marine Precinct across the globe in its 15-year history with a network of 44 dealer partners in 16 countries.  CEO Garth Corbitt said that global expansion was ongoing and the company would continue to market approximately half of the vessels it produced internationally. He said workforce numbers and production would increase in line with demand and it was planned to lift manufacturing by approximately 10 percent on the 2017 calendar year. "We will increase gradually and in a controlled manner with a watchful eye on demand and the style of vessels that are in most demand," he said.  "The main thing is we now have capacity to strike quickly and effectively when we deem it is the right time to do so."  Maritimo purchased the 3.09 hectare site at 9 McPhail Road which borders the existing factory and the two properties have been joined via two access ways.  The combined total site area now including 15 Waterways Drive and the new McPhail Road site is 4.664 hectares. The actual factory floor footprint of the new property is still to be determined depending on building specifications and new building plans. Plans for additional structures are set to be announced soon.  "The expansion of the factory floor provides opportunities for us to rearrange the manufacturing process, increase production when appropriate and improve turnaround times to manufacture each vessel," said Maritimo's General Manager Operations manager Phil Candler.  He said adding McPhail Rd to the existing Maritimo headquarters also enabled it to bring some of the building process back to the company's primary headquarters from its satellite, waterfront Hope Island facility called Boatmasters.  "Stainless steel, varnishing, small parts and glass along with research and development will all be housed in the new expanded facility," said Candler. "This will all occur over the next eight weeks or so."  As part of the physical reshuffle within Maritimo there has also been a number of management changes.  Chris Spriggens has been appointed Service and Maritimo Warranty Manager, based at Boatmasters and is responsible for all service and warranty work.  Kym Fleet has been appointed Production Manager and he is responsible for all manufacturing of Maritimo vessels. He will be based at Coomera.  Former Boatmasters' manager, Gary Klien, has been appointed Building Projects Manager, and he is responsible for all new building works at the new property and is based at 9 McPhail Road.  The Boatmasters facility at Hope Island will be ramped-up to provide a one stop shop for all boat owners be they Maritimo customers or not.  The facility and the team of professionals which operates from there provide engine servicing and replacement , vessel restoration/ upgrades, upholstery, sand blasting, painting and anti fouling.  The Boatmasters' travel lift is capable of lifting up to 75 tons and one of the yard's key points of difference over competitions is that the boat travel lift is not wind or tide impacted being located at the end of a Hope Island canal and protected by the Maritimo service centre marina.  "With the new property purchase our total manufacturing plant under roof is now 9314 square metres excluding office space," said Corbitt.  "Our growth plans are tied to both national and international markets and continually pushing the brand into new areas.”  "We have come a long way in 15 years, but there is much more to do."

Maritimo Racing Crash in Season Opener

Luxury cruiser manufacturer Maritimo's international race team, Maritimo Racing, was involved in a high speed collision in the season opening race of the 2018 Union International Motonautique X-Cat world championships at Fujairah in the UAE yesterday (Thursday).  Maritimo's Ross Willaton and Tom Barry-Cotter escaped serious injury in the collision, both were knocked unconscious. Willaton had to be taken to hospital as a precaution.  Team Australia collided with Maritimo on the first turn of the event and both boats were extensively damaged. Team Australia is undertaking repairs to enable it to race in the next series event, but the Maritimo vessel will be forced out of the next race while repairs are undertaken.  Maritimo CEO Garth Corbitt said it was extremely fortunate that both Willaton and Barry-Cotter did not sustain more serious injuries. "Competing at this level on the international stage is not for the faint hearted and we are just very grateful that Tom and Rossco are both OK," he said.

Nordhavn Wants Your Vote

The polls of the International Yacht and Aviation Awards (IYAA) are open and Nordhavn wants Your vote! The gorgeous Nordhavn 96 VivieRae II is up for Best Yacht Design 25-40 meter category as well as Best Interior Yacht design. Winners are determined by combining a panel of judges scores of various technical and design criteria as well as a popular component based on vote.  Nordhavn Rendezvous is literally just around the corner and we are feverishly tying up the last of the loose ends and that includes ensuring our guests are prepared and well-informed so that all can enjoy the big event to its fullest!  Winners won’t be announced for four weeks, but the talented team who led this project, Naval Architect Jeff Leishman, Project Manager Trever Smith and Interior Designer Destry Darr of Destry Darr Designs, are certainly deserving of accolades.

Princess Orders Exceeds One Billion 

Princess Yachts Ltd has delivered a record-breaking year in 2017, with its highest ever sales in its 53-year history, a robust return to profitability, and advance orders totalling more than US$1billion (£¾ billion).  Financial results for the 12 months to 31 December 2017 show record turnover of £274.4 million (+26.6% on 2016) and an Operating Profit before Exceptionals of £7.9m (2.9% of sales), representing a turnaround of £15 million (6.1% points) on its 2016 results and continuing the trend of strong year-on-year growth for the L Catterton-owned UK luxury yacht builder.  Princess recent performance at the industry's three biggest global sales events the Cannes, Fort Lauderdale and Düsseldorf boat shows, saw the company power ahead across its entire fleet. Princess' advance order book currently totals in excess of $1 billion (£¾ billion), 20% higher than the previous year.  Princess is poised for an even more successful year in 2018. The year began with the launch of the V50, V65 and S78 models and will see an additional 6 launches by year-end, including the revolutionary carbon fibre R35 sports boat which will feature the innovative Active Foil System for world class performance, efficiency and stability. This unprecedented launch program is underpinned by a stronger-than-ever presence at the world's leading boat shows, intensified marketing, and a significant investment in production and quality at its Plymouth headquarters. To support this growth, Princess has increased its workforce by over 500 team members in the last year.  Antony Sheriff, Executive Chairman of Princess Yachts, said: "This has been a landmark year in the history of Princess. We have a clear vision to be the highest quality, most innovative and best luxury yacht producer in the world and it is gratifying to our highly skilled and dedicated 2,700-strong team that the market has responded in tune with our efforts. With our exciting launch plan this year of unique and exceptional yachts, coupled with our unprecedented $1 billion order book which stretches well into 2019, 2018 is set to be another record year in sales and profits for Princess Yachts."  At the start of January, Princess transferred its banking relationship to a multi-year facility with HSBC. Graham Maxa, Chief Financial Officer of Princess Yachts, said: "The decision to move to HSBC complements the company's existing business partners and provides strong support to the growth of Princess' aggressive development plans. This strength, together with HSBC's global reach, will support growth internationally and keep the company on a solid positive financial trajectory for the rest of 2018 and beyond."

Riva Speical Land Rover Born Prize

During the Land Rover event in the exceptional frame of Milan Design Week, took place the exclusive award ceremony of the Land Rover Born Awards 2018 edition, which rewards young creative talents and international excellences who have distinguished themselves in the field of "peerless" design.  Riva Yachts won a special prize as international excellence in the "yachting" category for craftsmanship, unmatchable quality, innovative but always functional design. Giordano Pellacani, Riva Sales Director, and Mauro Micheli, Designer of Officina Italiana Design, received the award from the hands of Jean Christophe Chopin, founder and CEO of BORN. After the awards ceremony, Pellacani and Micheli were accompanied by Gerry McGovern, Land Rover Chief Design Officer, to discover the exhibition that celebrates the Land Rover's bespoke soul: a metaphorical representation of the pioneering spirit of the brand that sees in the new Range Rover SV Coupé maximum expression of “peerless” design, in a game of suggestive projections, scents and sounds inside a virtual forest.

Riviera Create New Coffee Table Book

Australia's renowned luxury motor yacht builder, Riviera, has launched an inspiring new coffee table book to celebrate the motor yachting lifestyle.  Published to mark Riviera's 37th year, "Celebrating the Riviera Family" is 188 pages of richly photographed and superbly told stories of Riviera and Belize owners exploring and cruising across the globe.  Riviera owner Rodney Longhurst said: “When I came to Riviera in 2012, my primary vision was to work with our team to refine and create a line of motor yachts that would deliver the ultimate boating experience. Reading through the pages of this magnificent book, I am humbled to realise that we are on our way to achieving that goal.”  With more than 5,300 motor yachts launched over 37 years, there are now Riviera and Belize owners living their dream life, cruising some of the most iconic and secluded waterways of the world, from Australia's Great Barrier Reef and the north-west United States to the Caribbean, the Amalfi and Riviera coasts of the Mediterranean and beyond.  "Celebrating the Riviera Family" captures this perfect life, from a stunningly photographed voyage around Australia's island State of Tasmania to cruising in company in Chesapeake Bay on the US east coast and weekend cruises and adventures.  Chapters describe voyages to Lord Howe Island, 350 miles off the eastern Australian coast, through the islands and waterways of the north-west United States and British Columbia, Australia's Whitsunday Islands and many more delightful destinations.  The book also features the bright and colourful special owners' events hosted at the Riviera and Belize Festival of Boating, the Sydney International Boat Show and the Fort Lauderdale International Boat Show in Florida, USA.  As well, there is an historical showcase of every one of the 91 Riviera and Belize models launched over the past 37 years.  "Celebrating the Riviera Family" is a book to treasure on board or at home or would be a wonderful gift for the Riviera enthusiast in your life.  The limited edition coffee table book is beautifully bound and silver embossed in a thick navy linen cover with a full-color dust jacket.


Sabre and Back Cove Boats of the Year

Sabre, and sister-company Back Cove, were once again honored to have models named among Maine Boats, Homes & Harbors "Boats of the Year"


Sanlorenzo Honored at Asia Boating Awards
An actual boating atelier, throughout the years Sanlorenzo has introduced a new way of conceiving boating design, developing a groundbreaking model over the years, acclaimed by people worldwide, which has allowed it to earn many important achievements. As a result, 52 Steel M/Y Seven Sins, the first 52-meter metal super yacht, was honored at the 14th edition of Asia Boating Awards, set up every year by such renowned Asian magazines as China Boating and Asia-Pacific Boating, which honor the best brands in the field of international boating. The ceremony took place on 11 April at the stylish ONE 15° Marina in Singapore. Selected by a panel of expert judges, 52 steel received the award for “Best Yacht Design Innovation”, thanks to the revolutionary design of its stern: with a totally innovative solution, a swimming pool with a transparent bottom placed on the main deck lets light through to the underlying area, an exclusive beach area resulting from the doors opening on three sides, which become sea-level platforms. The same area quickly turns into a floodable garage that contains the shipowner’s tender: the beach floor lifts up so that tenders up to 8 metres can be accommodated. Sanlorenzo once again confirms its research and innovation-oriented design approach which, apart from winning the award for Best Explorer Model with 460Exp at the 2017 edition, has allowed it to receive such an important acknowledgement for the second consecutive year, which goes to show the company’s ability to adapt its elegant style to different proportions successfully and with a unique approach. Sanlorenzo Superyacht, which creates metal yachts from 40 to 80 metres, has increased its production volumes significantly: 21 superyachts have in fact been built so far and 15 are currently being built at the imposing, over 50.000 sq.m. production site that was recently acquired in La Spezia and which focuses entirely on developing superyachts. Topping the international chart of yacht and superyacht producers, Sanlorenzo completed its 2017 with a sales volume amounting to over 300 million euros, as well as with a constant growth and an average rate corresponding to 18,2% over the last few years.


Sunseeker Founder John Braitwaite Retires

Sunseeker International has today announced that iconic industry leader, John Braithwaite, will be retiring after 53 hugely successful years with the organisation. John’s retirement has been timed to coincide with his 70th birthday celebrations this May and his decision will mark the end of a significant era for both the brand and the industry a-like.  John has made an enormous contribution to the marine business starting his career in 1964 at Friars Cliff Marine, which became Poole Powerboats in 1969 when it moved into the town of Poole and subsequently Sunseeker International in 1985.  Along with his brother, Robert Braithwaite, John has dedicated much of his life to the brand and steadfastly guided the in-house design team over the last five decades, with the clear ambition and vision to deliver the very best boats in the industry. John was instrumental in the development of many revolutionary models, like the iconic Superhawk, the Predator 108 and more recently, our fastest selling model, the Manhattan 52. As the company’s longest serving executive, John has also been a valuable source of inspiration and guidance for the current Sunseeker executive team.  John and Robert started with the desire to build ‘a new kind of boat’ at a time when there were no significant builders of boats for the sports and leisure markets in the UK. From the launch of their first 17 feet open-cockpit speedboat, to the development of the truly outstanding flagship 155 Yacht, John and his team of experienced designers and engineers have continued to set standards and break boundaries, and have truly spearheaded the industry of today – pioneering a whole new world of boating.  Phil Popham, Chief Executive Officer at Sunseeker International, stated: “There is no doubt that John is, and will remain, one of our industry icons. What he has achieved is truly momentous. John has always remained true to building the very best in pleasure craft, utilising the latest technologies and delivering every customer’s dream. John has been involved in designing some of our most renowned boats and on behalf of the whole Sunseeker family, I would like to take this opportunity to thank him for the huge contribution he has made to the brand and the industry. John will of course continue to be an important ambassador for us and I look forward to welcoming him back to Sunseeker events and celebrations in the future but in the meantime we would all like to wish him a very well-deserved retirement.”  On his retirement, John commented: “I feel immensely privileged to have been part of such an incredible brand and organisation. Since our early days, Robert and I have strive to deliver to our clients the most innovative and exciting products available. That philosophy, together with strong, iconic design has been fundamental to our success and I know this will continue to be a driver for the talented design and development team I leave behind. I would like to thank them all for their dedication over the years.”

Sunseeker Launches New Aftercare Priority Service

Sunseeker International has today launched a new ‘Priority Service’ in collaboration with Volvo Penta.  The free aftercare service underlines Sunseeker’s ongoing commitment to its customers by offering exceptional customer service and aftersales support and covers all Volvo Penta engines and accessories, whatever their age.  The new service will offer advanced diagnostics and troubleshooting expertise, rapid response and field service care. Customers and captains will be provided with a telephone number for a dedicated 24/7 assistance hotline, available in 4 languages. The operator will provide support throughout and keep the customer fully updated on the progress.  The case is recorded in the Volvo Action Service (VAS) system and a preliminary analysis of the issue is completed which immediately triggers the suitable corrective measure required. Customers may then be directed to the nearest Volvo dealer with the relevant expertise to help rectify the issue.  The Volva Penta dealer network is made up of approximately 4,000 authorised marine leisure dealers, offering assistance to customers worldwide.  Jason Stewart, Customer Service Director, commented “As well as providing world-class design and engineering within our award-winning product range, it is critical that we have the best support on hand wherever our customers are in the world. Our new Priority Service provided by Volvo Penta provides additional peace of mind for those customers.


Viking at the Shootout

The lineup for Leg Two of the Abaco Diamond Series reads like a regular Who's Who of today's billfish tournament circuit battle-wagons. The Shootout sets up production boats to go head-to-head with custom boats in this all-release format to settle the age-old debate. Think you've got what it takes? Register today for The Shootout at the Abaco Beach Resort & Boat Harbour Marina. The event kicks off on Wednesday, May 16, and runs through Saturday, May 19. Last year the Viking Miss Victoria won the event. Let's see if a Viking can do it again!

Viking Be a Hero Fundraiser

Friends and family of Matt Uhl, the son of Viking's Al Uhl, held a special pasta dinner fundraiser in Little Egg Harbor, New Jersey, recently to support the Memory Team for Matt Uhl in the 8th Annual John R. Elliot HERO Campaign Walk/Run on October 21, 2018 in Ocean City, New Jersey. The HERO Campaign for Designated Drivers seeks to end drunk driving tragedies nationwide by promoting the use of safe and sober designated drivers.


Zeelander Rhine and Wine Tour

At Zeelander they believe that being a yacht owner should be more than merely owning a yacht. Yachting is about spending quality time with loved ones, meeting new people and new experiences.  With thirty guests and five Zeelander Z44’s, they cruised up the German River Rhine and Mosel, covering a combined distance of over 4000KM (2500 miles) at an average speed of 30 knots. Zeelander visited a German winery, enjoyed fabulous meals (often local dishes) and drank amazing Riesling, Spätburgunder and other sorts of wines. The Zeelanders cruised comfortably, and of course, problem free.

Zeelander Raises Money for Charity

Many of us tend to take wealth and good health for granted. If we take a moment to realize the randomness of life it can be a shock. ‘Spieren voor Spieren’ is a fundraiser to finance research to overcome neuromuscular disease. Zeelander was proud to sponsor this noble cause.  Spieren voor Spieren hosted an auction during a gala dinner at the ‘Hotels van Oranje’ in ‘Noordwijk aan Zee’ earlier this month. Zeelander Yachts partnered with Gassan Diamonds (leading jeweller and gem stone specialist) to offer a sailing master class with Olympic Gold medallist – Marit Bouwmeester – to the highest bidder. We are proud that our auction item sold for a handsome figure and that Zeelander is able to contribute to a better life for those in need.

Project: Azimut S10

During the Milan design week 2018 Azimut has presented the project for a new S10 model.  Not much details have been advised for this new project albeit an important one that design duties for the exterior are to be trusted to Alberto Mancini, who takes over from long standing and designer of all S models Stefano Righini.  The Azimut S10 will represent a new flagship for the S series, with the current range biggest offer being the 77 S.  If the current designation holds true the S10 should be a super sport yacht at around one hundred feet in length.  The Azimut S range series have been a huge success since its introduction in 2003 with the 68 S, this first model receiving orders of forty units in the first year of production, and a total sales of over one hundred units delivered in seven years production . The largest Azimut S ever made have been the 120 SL and the 103 S respectively, both stopped in production some years ago.

www.azimutyachts.com

New Model: Majesty 140

The newly unveiled Majesty 140 is an elegant superyacht that offers unrivaled luxury. It's extensive glass side windows allow plenty of sunlight inside and give the guests stunning panoramic views of the seascape around. The new superyacht features a spacious beachfront deck with balconies on both sides and a main living room finished with the finest Italian wood and leather. The 55 sqm saloon section on the middle of the superyacht’s upper deck is designed as a private lounge area with a large TV screen for a complete entertainment experience.  The tri-deck superyacht features a richly finished owner’s stateroom offering charming views of the outside through its glass facades and an elegant terrace, and comes with an en suite featuring a jacuzzi bathtub. The Majesty 140 additionally has 4 guest staterooms that can accommodate up to 10 people. The rooms are finished in premium wood and has the finest Onyx Costa Blanca marble with crystal door handles. Special care has been taken to ensure the comfort of the crew with nine crew berths sleeping in three rooms located in the bow area and another two crew cabins aft. The Majesty 140’s main helm station is fitted with the latest in navigation and communications technology. It features a unique window design that is a premiere for Gulf Craft with a distinctive negative inclined front glass. Furthermore, two side docking platforms on either side of the yacht assist the captain during docking. Powered by two MTU engines of 2,600 hp each, the yacht can reach a top speed of 20 knots. 

Technical Data:

LOA - 43.30 m (141.9ft)

Beam - 8.20 m

Draft - 1.80 m

Displacement - 225 t

Fuel Capacity - 44550 l

Water Capacity - 8440 l

Accommodation - twelve guests in five cabins, nine crew in five cabins

Engines - 2 x MTU 2600hp

Propulsion - line shaft 

Speed - 20 knots max

www.majesty-yachts.com

Project: Bering 92 Custom

Bering present the project for a custom 92 footer 28 meters, a new flagship of its made to order Custom line and embodies the result of the creative process between the client and the shipyard.  Bering 92 re-imagines and combines many stylistic elements already known to the brand solid steel/aluminum construction, long-range capabilities, full displacement hull and high interior volumes, adding an elegant and timeless exterior matched with an equally elegant interior design.  As with all the other vessels in the Bering fleet, everything is personalized to the smallest details according to the owner’s wishes, offering the opportunity to implement all the needs and desires.  The 92 Custom is designed with a displacement of 125 tons, will carry 15000 liters and will be able to cruise for more than 3,500 miles using a pair of Cummins 410hp engines.  Despite high performance looks the Bering 92 Custom will reach a top speed of 13 knots and a comfortable cruising speed of 11 knots.  

www.beringyachts.com

New Model: Kadey-Krogen 50 Open

The Kadey-Krogen 50 Open is the newest addition to their luxury line of ocean-going explorer yachts, and is a model all her own. Light-filled and open, the 50 Open’s continuous salon/galley/pilothouse main deck arrangement puts entertaining and ease at the center of long-range cruising. For increased privacy or traditional pilothouse passage-making, the Kadey-Krogen 50 Open is optimized with a remote-controlled, retractable bulkhead to separate the helm area from the salon and galley. Access to both the flybridge and the lower accommodations deck are from the pilothouse, via household-style steps. From top-to-bottom, and inside-out, the design of the 50 Open flows gracefully, with sunshine able to flood the large salon windows and aft sliding glass door, it’s always bright on the main deck. The salon is designed with beautiful and comfortable settee seating, a handcrafted cherry table with fold-out top and stainless-steel high/low pedestal base, and a TV that raises and lowers in front of the port side windows. Plus, there’s room for two additional, owner-supplied chairs.  The galley is happily situated between the salon and the pilothouse. A Subzero refrigerator/freezer conveniently located adjacent to the galley counters are among the model’s many standard upgraded features. Storage, including a motorized, pop-up appliance garage, and 16-linear feet of counter surface make smart use of the galley space.  The pilothouse on the 50 Open, like every Kadey-Krogen yacht, was designed with long-range cruising and control in mind. When the retractable panel that separates the pilothouse from the salon and galley is down, there is 360-degree visibility, which is unique for a yacht of this size. Front and center of the helm station, is a custom helm panel with room for large monitors and dedicated displays. Additionally, for easy docking, there are port and starboard wing stations located just outside the pilothouse doors.  With two lower accommodation layouts to choose from, the Kadey-Krogen 50 Open is available in either the standard midships master floor plan or an optional master-forward design. The midship master arrangement features a walk-around island queen berth with handcrafted, built-in nightstand cabinetry. Proper storage for clothing and personal items lines the perimeter of the room, and the private ensuite head, with its standard his-and-her sinks, expansive, deep counters, smart drawer storage, and large shower, defines this master retreat. The standard, VIP-forward stateroom is bright and welcoming as well, with an island queen berth and a private head and shower. Deep drawer storage is complimented by a hanging locker to port.  Many engine rooms make the claim, but the Kadey-Krogen 50 Open truly has a stand-up engine room front to back; seven feet at the front, and six-and-a-half feet of vertical clearance at the back of the engines. This well-lit, well-ventilated, and well-labeled space houses a John Deere 230hp, as the standard power or twin 125hp as an option, as well as the industry’s finest systems and equipment.  Lastly, conveniently accessed from the pilothouse, the flybridge opens to an airy, oversize seating and dining area with an outdoor kitchen and wet bar. Sleek lighting provides just the right amount of ambiance. The forward storage area accommodates supplies, fenders, and cushions, and there’s more storage below the settee seating. Not to be missed on the Open, the flybridge helm station sits directly above the pilothouse, offering excellent sight lines of the fore-deck, bow, and beyond.

Technical Data:

LOA - 16.07 m (52.9ft)

Hull Length - 15.3 m

Waterline Length - 13.7 m 

Beam - 5.30 m

Draft - 1.62 m with single engine, 1.37 m with twin engines

Displacement - 30844 kg medium load

Fuel Capacity - 4693 l

Water Capacity - 1514 l

Accommodation - four berths in two cabins, or six berths in three cabins

Engine - John Deere 6068AFM85 230hp, 2 x John Deere 4045TFM85 125hp

Propulsion - line shaft

Speed - 9 knots max 8 knots cruise, 6 knots long range cruise

Range - 2100 nm at 8 knots, 5000 nm at 6 knots

Hull Shape - full displacement

Project - James S.Krogen naval architecture

www.kadeykrogen.com

Project: Princess R35

In a very different stage Princess are showing glimpses of the new R35 model project while doing its test off Plymouth.  35ft in length, fully carbon fiber, powered with V8 petrol gas engines and with an impressive top speed of fifty knots this is the anticipated, all-new R Class.  Princess Yachts are proud to have partnered with BAR Technologies and Pininfarina to bring a whole new breed of sport cruiser runabout boat to the market with the very latest in advanced technology and naval architecture. The all-new R Class will feature the unique Princess AFS Active Foil System and deliver the fastest and most efficient Princess boating experience to date. The striking exterior reflects one of the most compelling and innovative designs we have ever created and conceals a spacious cabin within. Featuring a well equipped galley and seating area, with the added flexibility to convert to a generous double berth, further complemented by an ensuite.  This ground breaking sport cruiser  remains a true Princess at heart with the same level of comfort, practicality and seakeeping found on any other larger sisters, combined with the very latest design thinking from the Princess Design Studio and progressive performance technology.  World presentation is the fall of 2018.

www.princessyachts.com

New Model: Sabre 66 Dirigo Fly Bridge

The largest and most luxurious Sabre motor yacht to date the 66 Dirigo get a bit larger adding another entertainment deck thanks to the Fly Bridge version finally being launched. The Sabre 66 Dirigo Fly Bridge is a design of Kevin Burns. In the 66 Dirigo Fly Bridge the difference is the flybridge deck covered by a hard top and a second helm station.  The first 66 Dirigo Fly Bridge was delivered in mid Spring 2017 with Sabre so far selling four hulls of its new flagship model since launching hull one in 2016.

Technical Data:

LOA - 22.3 m (73ft)

Hull Length - 20.7 m

Waterline Length - 18.4 m

Beam - 5.51 m

Draft - 0.97 m ex props and drives

Displacement - 37.4 t

Fuel Capacity - 3785 l

Water Capacity - 1135 l

Accommodation - 6 berths in 3 cabins

Engines - 2 x Volvo D13 900hp

Propulsion - Volvo IPSIII forward looking dual propeller pod drives

Speed - 24 knots cruise, 29 knots max

Hull Shape - modified Vee with downward turning chine, spray rails 21 degree midships and 16 degrees deadrise aft

Construction - resin infused with Core-cell core

Project - Kevin Burns

Certification - ABYC, NMMA, USCG, CE B

www.sabreyachts.com

Engine: Cat C7.1 425hp

Caterpillar Marine is delighted to announce they new Cat C7.1 425hp engine with emissions certifications for IMO II, 97/68/EC Stage IIIA, RCD 2 and Marine EPA Tier 3, plus the new commercial ratings meet EPA Tier 3 Commercial.  The engine provides superior response and strong acceleration from idle to full load while maintaining fuel efficiency at high speeds, as well as reduced combustion noise through advanced electronic control. The engine is available with a 12V or 24V electrical system, and it is compatible with Cat displays and electronics. For cleanliness in the engine room, Caterpillar has incorporated a closed crankcase ventilation system. There is also a gear driven jacket water pump and seawater pump for superior reliability and the self-priming fuel system ensures a smooth start every time with no visible smoke during the start-up or whilst underway. The engine comes complete with a maintenance free valve train with hydraulic valve adjusters. The Cat 7.1 High Performance and Commercial rated engines are manufactured in the Caterpillar Marine Power UK Ltd facility in Wimborne, UK. In April 2017, the Wimborne officially opened their upgraded facilities, with a £5 million investment in a new administration building, engine production hall and warehouse, including the first new production test cells, with best-in-class data capture standards and a new world-class paint facility. The new D, C, and B ratings will be on display at several key global marine events throughout 2018. If you would like to see the engine sooner, please contact Caterpillar Marine to arrange a personal viewing.

www.cat.com

Project: Heysea 126 Asteria

Chinese yard Heysea Yachts has confirmed that it has taken an order for a new 126 Asteria super yacht.  Due to launch in January 2019 with delivery later that year, this in-house design will be built from a fiberglass hull and superstructure with a beam of over seven meters, which will give a total interior volume of 270 GT.  Accommodation is for up to eight guests split between four cabins, including a main deck owner’s suite. On the lower deck, a full-beam VIP sits just aft of the port-side twin and starboard double cabin. The crew quarters are situated in the bow and allow for a staff of up to five people, with a crew mess and double cabin for the captain.  Key features include a Cabana-style beach club complete with day-head, and a large aft deck, which is split between sunbathing space aft and sheltered dining space further forward.  Moving inside and the open-plan saloon comprises an eight-person dining table, L-shaped settee and a bar area with three stools. However, the star of the show is the spacious super yacht sundeck this area will be fitted with a tender davit, spa pool, dining table, barbecue, bar area and a C-shaped settee, with enough room leftover for three sun-loungers to be placed back aft.  The Heysea 126 Asteria will be powered by a pair of 1925hp Caterpillar engines for a top speed of 22 knots and comfortable cruising at 19 knots. When trimmed back to an economic speed of ten knots, the Heysea 126 Asteria will have a cruising range of 1,200 nautical miles, drawing on a total fuel capacity of 13500 liters.

www.heyseayachts.com