$24 Million Dollar Yacht DESTROYED By Fire! Video

{jwplayer}http://youtu.be/gfuMNnzfD1s{/jwplayer} RT. Initial assessment of a blaze that heavily damaged the $24 million yacht Polar Bear in Chula Vista, CA, last week, indicates that a welding crew may have caused the fire, that destroyed the boat. Larry Jodsass, the yacht’s owner, indicated he cried when he saw video of his 100-foot-plus ship going up in…

Penobscot Bay Rendezvous Open Dates 2014

One of the yachting highlights of summer for Americans on the east coast is the Penobscot Bay Rendezvous, August 14-17.  For sailing enthusiasts looking to accumulate GMORA points, PBR puts on a great series of regatta races, along with classes for individuals who are new to racing or simply are looking for a different way…

LUXURY YACHT MARKET SALES INCREASE

If recent sales activity is any indication, the market for luxury yachts finally appears to be on the upswing, although many industry experts are still proceeding with caution. In the last few weeks, a significant number of large luxury yachts have been sold, including the 32m Aslec 3, built in 2007 by Castagnola Cantieri Navi…

WESTPORT YACHTS – SOLD!!

A Louisiana-based ownership group has purchased Westport Shipyard, Inc., renaming it Westport LLC, a division of Edison Chouest, LLC. The deal, signed on June 6, 2014, indicates that business as usual will continue at the manufacturer’s shipyards in Port Angele, Wesport and Hoquiam. Westport’s new owners have major holdings in the oil and gas marine…

ISA Yachts Builds Largest Yacht Yet! 71 Meters!

Italian luxury manufacturer ISA Yachts has secured a contract to build its largest yacht to date, a 71-meter mega motor yacht that arrived at the shipbuilder’s Ancona facilities on board a dockship just prior to the end of 2013. The passage took over a month, traveling 5,000 miles from Arkhangelsk on the White Sea where…

Lurssen Project: Green Launch

Lurssen Project: Green Launch Germany’s premier shipyard, Lürssen, has launched the super motor yacht formerly known as Project Green, a 66-meter ship designed by Espen Oeino. With a beam of 11.9 meters, this super yacht is now known as Ester III, featuring a masculine appearance with a strong character in its steel hull and aluminum…

THE IMPORTANCE OF A BOAT PRE-PURCHASE SURVEY

With the continued depressed financial climate regarding valuation of super yachts and mega yachts in today’s market, pre-purchase surveys of your targeted ship and proper valuation is of utmost importance now more than ever. Just as important is who conducts the survey, as well as their qualifications, as improper valuations on both low and high…

Bold Colors on Yacht Hulls, vibrant colors have begun to appear

Yacht owners are generally conservative when it comes to the exterior finish of their ships. Most often, white is the color of choice, with sometimes navy blue appearing on the yachts owned by the more adventurous. Within the past decade, however, more vibrant colors have begun to appear on hulls, and sometimes on superstructures of…