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Companies team up for new motoryacht

Ocean Alexander Yachts and Christensen Yachts are teaming up to produce a new 115-foot tri-level motoryacht.

Construction will take place in Christensen's Vancouver, Wash., shipyard. The new motoryacht will be ABS/MCA-certified, and will provide chartering capabilities previously unavailable in any yacht smaller than 130 feet.

"The 115 project is only the beginning of cooperation between us, and this alliance can give both companies a competitive edge and lead us to fascinating opportunities we may not have discovered independently of one another," said John Chueh, president of Ocean Alexander, in a statement.

"We also see enormous potential benefits to our yacht owners - ultimately our prime focus," he added.

"We feel this alliance will present mutual opportunities in our combined range of sizes, where one client may want to move into the 160-foot plus range or down-size from a larger yacht into something requiring less crew," said Joe Foggia, president and managing director of Christensen Yachts, in a statement.

"In this new economy, we feel that this alliance, coupled with our diverse strengths, will allow us to compete more effectively by ensuring better materials buying power, and applying our joint vision of top-quality standards and production techniques carried through the whole product range," he added.

Click here for the full release.

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