Ferretti Group shipyard CRN signed a letter of intent for the largest megayacht sold in the Chinese market by CRN and Ferretti Group and it is slated for delivery in 2017.
As the recreational boating industry strives to grow, the role boatyards play continues to become more significant. Owners who use their boats frequently require service that is quick and complete, even as the vessels themselves grow more complex in terms of their engines and electronics. Boatyards are starting up or expanding in an effort to meet this challenge.
Portland Yacht Services completed the purchase of boat repair business Gowen Marine, a move that will enable the company to service and repair larger vessels in the coastal Maine city. Portland Yacht Services president Phineas Sprague Jr. said its customers and those of the former Gowen Marine should experience a significant increase in efficiencies and…more
The current gridlock in Washington has caused a skills gap in the nation that is detrimental to the marine industry work force. That’s according to an op-ed that ran Monday in the Bangor Daily News by Maine Marine Trades Association executive director Susan Swanton and Front Street Shipyard CEO Tuesdi Woodworth, which commends U.S. Sen.…more
Southport Marina in North Carolina is celebrating the opening of Zimmerman Marines service and repair facility. The partnership will launch with an open house at the marina from 2 to 5 p.m. Oct. 26. The companies announced that they will hold two roundtable discussions. The agenda is as follows: 3 p.m.: Boat Repair Roundtable, moderated…more
The American Boat Builders & Repairers Association announced that the results of its 2013 Compensation and Benefits Survey are now available. The report, ABBRA Compensation and Benefits Benchmark Study, is meant to serve as a resource for employers in the boatyard, marine service and repair sectors to gauge rates, salaries and benefits in the employment…more
Bay Ship & Yacht Co., a California-based service, refit and new-construction yard for superyachts and commercial vessels, expanded its capacity and capabilities with a new covered dry dock that accommodates vessels with a maximum beam of 76 feet and displacing up to 6,300 long tons. This new facility on San Francisco Bay is the only…more
A nautical restoration job for the ages reached a milestone Sunday with the launch of the 1841 whaleship Charles W. Morgan at Mystic Seaport in Connecticut. After a nearly five-year restoration in the Henry B. duPont Preservation Shipyard in southeastern Connecticut, the national historic landmark and America’s oldest commercial vessel was carefully lowered into the…more
The Bermuda Race Organizing Committee named the Brewer Yacht Yard Group as the official boat preparation resource of the Newport Bermuda Race. “We are very happy to welcome the Brewer Group of 22 yards in New York and New England as a member of the sponsor family for the 49th Newport Bermuda Race,” organizing committee…more
The American Boat Builders & Repairers Association will hold its 2014 Annual Boatyard Business Conference Jan. 22-24 at the B Ocean Hotel in Fort Lauderdale. The event will focus on business issues affecting boatyard owners, operators, managers, boatbuilders and boat repair businesses. “We’re building on our 2013 conference success and will once again offer relevant…more
The battle over a new boatyard and hedge fund corporate campus proposed for Stamford, Conn., made international news despite the appearance of an agreement being struck three months ago. The Australia Business Insider had a headline in Wednesday’s online publication that read: “Ray Dalio’s awesome new mega-campus is being stalled by small-town bureaucracy.” A zoning…more