To strengthen its reach into the American market, Mondomarine has tapped Northrop & Johnson for stateside efforts pertaining to new builds and brokerage listings.Northrop & Johnson’s Fort Lauderdale office will handle sales and marketing duties, via Philip Bell. Bell’s background blends sales and marketing with onboard experience. To the latter point, he spent more than…
The financial struggles of the company funding two new builds at Moonen Shipyards have in turn caused monetary problems for the yacht builder. It has filed for what’s termed suspension of payment, which involves restructuring.In The Netherlands, a business can ask a court to grant suspension of payment to avoid bankruptcy. Suspension of payment can…
The costs—both financial and environmental—of crude oil have made people more aware of alternate fuel options. While some owners and builders have explored electric propulsion, Feadship and the owner of Kiss recently tested GTL (natural gas to liquid), a synthetic fuel that has been proven to be cleaner and less expensive.While the process of converting…
UPDATE, JULY 10, 2015: Billy Smith, a co-founder of Trinity Yachts and its longtime vice president of sales and marketing, has rejoined the shipyard. “Billy brings not just an institutional knowledge of Trinity and Gulf Coast Shipyard Group, but also deep relationships with national and international contacts in the boat building community,“ says Shane Guidry,…
Even with divisions focused on cruise ships and the oil and gas industry, the megayacht market is of increasing importance to Blohm+Voss. Over the next year, the company is restructuring some independent divisions under the same roof. It’s further offering lifetime warranties and monitoring equipment on all new builds. In terms of the restructuring, yacht…
In 1968, Wim van der Valk, an avid boater, decided to start his own shipyard in The Netherlands. The first projects were 23 to 30 feet (7 to 10 meters) LOA, cabin cruisers and aft-cabin cruisers. Nearly 50 years and 1,200 deliveries later, various aluminum and steel yachts and megayachts from about 66 to 138…
The wrecking ball was swinging at Heesen Yachts earlier this week, for good reason. With 10 yachts under contract, the yard needs larger and more updated construction space. An 85-meter (279-foot) dry dock will start taking shape where two 20-year-old shorter sheds have stood. The 85-meter dry dock is illustrated above. It will additionally measure…
UPDATE, JUNE 30, 2015: The sale of Christensen Shipyards to Henry Luken, via a company called WIT Washington, closed on June 29. WIT Washington has assumed the contracts to complete three megayachts presently in various stages of construction. They are referred to in court documents as Hulls 36, 38, and 40. Hull 42 is being…
Fincantieri is moving beyond megayacht construction into other aspects of the industry. It is obtaining a minority stake in Camper & Nicholsons, with the option to acquire a larger portion. The deal is being made via capital injection. The amount of the financial investment has not been disclosed. Fincantieri is one of the world’s largest…
Hull number two in the Mangusta 110 series, which launched earlier this month, is getting extra attention thanks to the May 2015 MegayachtNews.com newsletter. Our newsletter, which went out earlier today, provides an overview of the popular maxi megayachts from the builder. Other stories include a Product Spotlight on a terrific attachment for your digital…
