China-based Hudson Yacht and Marine Industries blamed design flaws in Gunboat International’s models, not builder error, for problems that resulted in warranty claim disputes and eventually in Gunboat filing a lawsuit against HYM.
Trinity Yachts’ New Orleans shipyard is for sale, as well as the Trinity Yachts name, brand and all of the designs and engineering to date.
Bruce Van Wagoner is managing director and president of the Commercial Distribution Finance marine group at GE Capital, the marine industry’s major wholesale lender. He leads a team of employees focused specifically on the marine industry, funding thousands of dealers in support of the sales of virtually all of the major manufacturers. Van Wagoner says…more
True to Jim Malone’s upfront style, the newly reinstalled Nautic Global Group CEO says he isn’t sure whether the company will be sold as a whole or brand by brand. But, Malone says, he thought it best to put rumors to rest by clarifying the sale situation to the extent possible.
The 56th Fort Lauderdale International Boat Show, which takes place Nov. 5-9 in seven locations, is drawing a larger and more international mix of exhibitors than ever and will showcase the largest boat that has ever been displayed at the five-day event.
The National Transportation Safety Board says the capsize of an 85-foot Northern Marine yacht during its launch last year was probably a result of the vessel’s low margin of stability. The board attributed the stability problem of the $10 million yacht, which was a complete loss, to the combined effects of a recording error during…more
Two years out from its purchase by private equity firm Versa Capital Management, Hatteras Yachts is investing not only in products, but also in its creative department and — perhaps most important — finding opportunities to let customers experience the brand.
China-based Hudson Yachts and Marine Industries Inc. is “vehemently” denying allegations in a lawsuit filed in Rhode Island’s U.S. District Court by Gunboat International alleging that HYM produced subpar Gunboat models, refused to perform warranty work on them and then launched a competing “knockoff” brand.
Gunboat International, a North Carolina builder of luxury carbon fiber sailing catamarans, is suing a yard in China that it had contracted to build its largest models, saying some work was never done and that the yard refused to pay warranty claims on other poorly constructed yachts it had built — allegedly costing the company…more
The 56th Fort Lauderdale International Boat Show, which takes place Nov. 5-9 in seven locations in Fort Lauderdale, will showcase the largest boat that has ever been displayed at the five-day event.