September 30, 2015 - Velos

Yachting Boating World: Uber’s boat service across the Bosphorus in Turkey is slowly beginning to gain momentum, after its launch in June this year.


Just a year after Uber began to service Turkey with its taxi service, the company announced UberBOAT, a service to transport people from Europe to Asia.

UberBOAT, which has teamed with Turkish boat company Navette, allows people to order the boats in the same way as they order Uber cars.

Through a smartphone app, users locate the nearest boat and when the captain calls to confirm availability, the boat arrives and the journey begins.

Uber launched the scheme after recognising that Istanbul, Turkey’s largest city, experiences severely heavy traffic and can make it difficult for people to get around.

“It is an alternative way to escape the city traffic and ease congestion on the roads, particularly on the two bridges that link Europe and Asia,” Austin Kim, Uber’s operation manager for Turkey, told AFP.

“By boat, you cross (the Bosphorus Strait) in five minutes, whereas by car, it takes about an hour and a half,” he said.

Fares start at 50 Turkish liras ($16 / 15 euros) but can be split between passengers. Each boat can hold up 10 people at a time.

“We have more clients at weekends. I would say that we carry around 50-60 people per week,” said the captain of one of the boats.

UberBOAT is struggling to gain more customers due to fierce competition between transport services ferrying across the Bosphorus Strait. Public ferries between the European and Asian sides of Istanbul can cost as little as 2.15 lira ($0.71) per ride.

Alternatively, there is the option of a water cab, which charges 46 Turkish lira (approximately $16 dollars) and additional fares for each nautical mile.

The Turkish government is currently working on a project to build “Kanal Istanbul,” another strait to bypass the Bosphorus to ease the boat traffic in the narrow waterway.

Uber remains a controversial company and is facing numerous challenges from other transport services across the world, including TFL, who have published proposed new rules for apps including Uber. The proposals include a mandatory five minute wait time, even if a car is available just around the corner. This means users will be unable to see the nearest cars when they open the app.

As Uber’s reach continues to grow around the world, the company is increasingly experimenting with different types of transportation, including UberBOAT.

See article at Yachting Boating World

Motorboat & Yachting: Wessex Bristol, specialists in buying luxury brand names with a proven historical record, acquires Fairline Boats from Better Capital.


Better Capital has sold Fairline Boats to private equity investor Wessex Bristol for what has been described as “ a modest deferred consideration”.

The Somerset based investment business specialises in buying luxury brand names with a proven historical record. To date most of its investments have been in high end furniture makers, although it already owns the British sportsboat brand Fletcher Boats.

Ayiaz Ahmed, CEO of Wessex Bristol, said: “We are excited to be adding Fairline to our brand portfolio, building on our successes in the luxury boat market with our iconic Fletcher brand.”

Kevin Dady, who was interim CEO at Fairline, commented: “We have invested a lot in the turnaround of Fairline and are pleased that Wessex Bristol has taken ownership of the company. We wish them, the company and its staff all the best for the future.”

Ayiaz Ahmed will take over as CEO of Fairline on 29 September.

The deal ends months of speculation about Fairline after a troubled few years in which the Oundle based yard was headed by five different CEOs.

It’s not yet clear what the future holds for Fairline under Wessex Bristol but the recent launch of a new Targa 53 at the Southampton Boat Show provides a much needed new model in the range and a promising foundation on which to build.

Speaking to Motor Boat & Yachting, Fairline’s sales director Douglas Culverwell confirmed that Wessex Bristol “has a long term strategy for the business” and reassured readers that it wouldn’t have entered into the deal “without understanding the level of investment required.”

See article at Motorboat & Yachting



Categories: Boat industry

Contact Us

Tel: +44 (0)20 7929 4058
Fax: +44 (0)20 7933 9350
Click here to email us

Velos Insurance Services Limited
Notcutt House,
36 Southwark Bridge Road,
View map

Connect with us

Latest News

Is my boat covered by my home insurance?

Do I need separate insurance for my boat? Boats have a high recovery and replacement cost and come with their own risks. So, insuring them makes sense. You may find that your home or car insurance provides a degree of cover

April 2, 2020 read more