Small Craft News

Canal & River Trust finalises sale of BWML

Posted on by News Hound
LDC is the UK’s leading mid-market private equity investor
LDC is the UK’s leading mid-market private equity investor

The Canal & River Trust has finalised the sale of its wholly-owned marina subsidiary, BWML, in a transaction that sees Lloyds Development Capital (LDC) invest in the business, supporting the existing management team.

Stuart Mills, Chief Investment Officer at the Canal & River Trust, says: “We are delighted to have completed the sale of BWML and will be investing the proceeds into other income-generating assets to support our core work of caring for the nation’s canals and rivers.

“BWML is performing well and we believe its prospects for future growth are good. Coupled with the expertise of LDC we believe the business will benefit and, by extension, its boating customers will Continue reading “Canal & River Trust finalises sale of BWML”

Hakvoort launches explorer yacht Scout its largest to date

Posted on by News Hound
Known as Project Brio during the build, the highly-anticipated project will cruise as SCOUT upon delivery to her experienced owners in Spring 2019.
Known as Project Brio during the build, the highly-anticipated project will cruise as SCOUT upon delivery to her experienced owners in Spring 2019.

Hakvoort Shipyard in Monnickdam, Holland, has successfully launched the yard’s largest project to date. The 63.72-metre explorer yacht SCOUT was designed by renowned British design studio and H2 Yacht Design.

Known as Project Brio during the build, the highly-anticipated project will cruise as SCOUT upon delivery to her experienced owners in Spring 2019.

Measuring 63.72-metres with a beam of 11.6 metres and a draft of 3.25 metres, SCOUT emerged from the Hakvoort shed in Monnickendam in North Holland on 1st December before being towed to Amsterdam for final completion. Amongst the works that will be completed in the Dutch capital is the installation of her mast, crow’s nest, radars, stabilizers and propellers.

Previously known as YN249, M/Y Scout saw a change Continue reading “Hakvoort launches explorer yacht Scout its largest to date”

Yacht registration tax relief to end before 2019 in Spain

Posted on by News Hound
As a result, given that the regime will come to an end on 31st December 2018, yacht owners benefitting from the regime must now choose one of a number of different options in order to keep their yachts in Spanish waters.
As a result, given that the regime will come to an end on 31st December 2018, yacht owners benefitting from the regime must now choose one of a number of different options in order to keep their yachts in Spanish waters.

On 31st December 2018, the Spanish Yacht registration tax relief, which was established in the General Budgets Law passed on 4th July 2018, will come to an end.

The provisions for the Spanish Touristic Registration tax regime are laid down in Royal Decree 1571/1993. It is a sort of Temporary Admission customs regime whereby non-Spanish residents could register a yacht under Spanish flag exempt from VAT (Non-EU residents) or Matriculation Tax (EU residents but not Spanish).

Matriculation Tax is a tax applicable to leisure yachts, new or used, when registered under Spanish flag or when they are intended for use in Spanish territory by individuals or entities residing in Spain or holding establishments located in Spain. The tax levied is 12% of the yacht’s value.

According to the preamble of the Spanish General Budgets Law 2018, the regime would no longer Continue reading “Yacht registration tax relief to end before 2019 in Spain”

NZ fishing vessel operators must install float free EPIRB distress beacons

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NZ fishing vessel operators must install float free EPIRB distress beacons - Photo Credit: MaritimeNZ
NZ fishing vessel operators must install float free EPIRB distress beacons – Photo Credit: MaritimeNZ

The New Zealand’s national regulatory, compliance and response agency for the safety, security and environmental protection of coastal and inland waterways, MaritimeNZ, has reminded operators of New Zealand that they must install float-free EPIRB distress beacons on commercial fishing vessels by 1 January 2019. The regulation applies to vessels between 7.5 meters and 24 meters operating outside enclosed waters.

Domonic Venz, Maritime NZ’s Assistant Compliance Manager for Southern Region, who has experience in commercial fishing, says, “Float-free EPIRBs really do increase your chances of survival because they call for help when you can’t. It’s easy to get one on your boat”.

He added in the Maritime NZ’s reminder Continue reading “NZ fishing vessel operators must install float free EPIRB distress beacons”

Poor maintenance caused fire on ‘Island Lady’

Posted on by News Hound
The Island Lady on fire
The Island Lady on fire

In a recent public meeting, the US National Transportation Safety Board (NTSB) determined that an insufficient preventative maintenance program and lack of guidance for responding to engine high-temperature conditions were the key causes of the fire aboard the small passenger vessel ‘Island Lady’ in January 2018, carrying over 50 people, that occurred in the waters of the Pithlachascotee River, near Port Ritchey, Florida.

The incident

On 14 January 2018, the small passenger vessel Island Lady was near Port Richey, Florida, on a scheduled transit to a casino boat located Continue reading “Poor maintenance caused fire on ‘Island Lady’”

Ship surveying is being revolutionised by drone technology says ClassNK

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Last September, ClassNK designated ‘survey technology innovation’ as one of four focus areas listed in its new R&D Roadmap, with drones identified as a key technology.
Last September, ClassNK designated ‘survey technology innovation’ as one of four focus areas listed in its new R&D Roadmap, with drones identified as a key technology.

As part of an on-going focus on safety in enclosed spaces, ClassNK describes how it has carried out detailed drone tests to revolutionize ship surveying. In spring this year, ClassNK introduced guidelines on the use of drones in class surveys, covering procedures and technical considerations for safe operation, as well as requirements for drone service suppliers.

Although drones with multiple propellers on the same plane are currently the most widespread design, research is taking place into alternative arrangements with tilt rotors and propellers in a tetrahedral configuration. Meanwhile, significant progress has been seen in autonomous operations using higher precision positioning, and considerable advances in machine image recognition and processing.

Continue reading “Ship surveying is being revolutionised by drone technology says ClassNK”

Nautor will unveil its latest Swan at Düsseldorf

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Swan YachtFinnish producer of luxury yachts, Nautor, plans to unveil the latest in its Swan series at the Düsseldorf Boat Show 2019 in January. Also on show will be an improved Swan 54 with new engine throttle, redesigned anchor locker and enhanced access to the engine with one single larger panel on the port cabin.

The newest model, the Swan 65, is suitable for cruising with family and friends but equally capable of racing. Designed by Germán Frers, the mid-sized yacht enhances Nautor existing “performance bluewater” line of yachts, following the same design philosophy and parameters as her larger sister, the Swan 78.

The yacht can be managed with or without a professional skipper and also raced with a full competitive crew. Four are currently under construction with delivery scheduled in 2019. Continue reading “Nautor will unveil its latest Swan at Düsseldorf”

Markel and Pantaenius set to partner up

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Pantaenius and Markel’s partnership is the logical development when faced with today’s unstable yacht insurance market.
Pantaenius and Markel’s partnership is the logical development when faced with today’s unstable yacht insurance market.

It has been announced that Markel International is to partner with European yacht insurance provider Pantaenius.

Pantaenius has offices across Europe, USA and Australia and has been providing a range of yacht insurance and related protection for yacht owners for more than 50 years.

Markel’s yacht and superyacht team was established two years ago, with the appointment of senior underwriter Mike Wimbridge to head up the business. Mike will become part of Pantaenius, while remaining located in Markel’s London office.

Continue reading “Markel and Pantaenius set to partner up”

US Coast Guard reviews rigid hull inflatable vessels

Posted on by News Hound
The US Coast Guard Marine Safety Center published an update to its technical note “Marine Safety Center Review of Rigid Hull Inflatable Vessels.”
The US Coast Guard Marine Safety Center published an update to its technical note “Marine Safety Center Review of Rigid Hull Inflatable Vessels.”

The US Coast Guard Marine Safety Center published an update to its technical note “Marine Safety Center Review of Rigid Hull Inflatable Vessels.” The document provides an alternative design standard equivalent to certain regulatory requirements found in 46 CFR Subchapters T and S for rigid hull inflatable and rigid hull foam collar small passenger vessels (RHIs).

The alternative design standard presented in the technical note provides consideration of the unique stability and structural characteristics of RHIs. These guidelines do not preclude the Officer in Charge, Marine Inspection (OCMI) from approving RHI structures and stability or applying alternative requirements or restrictions.

The major changes include adjustment Continue reading “US Coast Guard reviews rigid hull inflatable vessels”

CRT to create regional teams to improve customer service

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Richard Parry, CRT CEO (pictured right)
Richard Parry, CRT CEO (pictured right)

Canal & River Trust will move resource from its centrally based roles into its six regional customer-facing teams to improve customer service and engage with local communities.

The changes will be made as part of the trust’s waterways and well being strategy and will see operational management roles adapted to meet the requirements of the new regions.

Richard Parry, CEO, commented: “The Canal & River Trust has been repositioning as a charity for the waterways and well being, with a new structure that has seen us move from ten waterways to six larger regions, with some activities previously managed centrally now devolved to these regional teams, and a reduction in senior manager numbers overall.

Continue reading “CRT to create regional teams to improve customer service”

Recommendations on reducing yacht racing risks released

Posted on by News Hound
The report team found that the risk clearly depends on the level of congestion.
The report team found that the risk clearly depends on the level of congestion.

A new Volvo Ocean Race (VOR)-commissioned report has examined ocean racing at night in areas of high vessel traffic density to establish possible steps to mitigate risk following the death of a fisherman during the race.

The independent Volvo High Traffic Density Report follows the collision between Vestas 11th Hour Racing and a fishing vessel this January, in the final stages of the leg into Hong Kong during the most recent edition of the race. The crews recounted that virtually all the vessels had some form of lighting and exhibited AIS. The fishing vessels were either stationary or travelling at slow speeds of 3-6 knots and they did not form an impenetrable barrier.

Recommendations made in the report included use of Continue reading “Recommendations on reducing yacht racing risks released”

Bavaria Yachts is relying on 100 percent Made in Giebelstadt

Posted on by News Hound
Bavaria Yachts logo
Bavaria Yachts logo

The future development of Bavaria is taking clear shape: The yacht builder, respected worldwide for its good price/performance ratio, will once again build its boats one hundred percent in Germany. Bearing the seal of quality “Made in Giebelstadt”, both sailing and motor yachts will be manufactured and handed over to customers in Franconia. The R55 motor yacht, previously produced in Croatia, will for the first time be hand-built at the company’s headquarters in the first half of 2019. The moulds and tools are currently being transported from Croatia to Germany and installed in Giebelstadt.

“We want our outstandingly well trained and committed employees to develop and build all our yachts primarily under own management. The workforce identifies strongly with Bavaria Yachts; it is the key feature of our company,” explains Managing Director Erik Appel, who has been Chief Operating Officer of Bavaria Yachts since December 2017. “This is why we intend to further increase our permanent staff and simultaneously reduce the proportion of temporary workers. This will help considerably to bring down Continue reading “Bavaria Yachts is relying on 100 percent Made in Giebelstadt”

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