Motorboat & Yachting: Fairline’s principal dealer Bates Wharf has hinted at a possible future for the company, which is currently under administration.
Richard Bates, director of Bates Wharf, told MBY: “Wednesday’s news came as a surprise to all of us, mainly because only two weeks before, all the dealers were invited to a presentation by Wessex Bristol at the factory where they unveiled a very detailed plan for the future of Fairline.”
He added that Wessex Bristol had planned to launch three new models in the 35-60ft market, backed by ring-fenced Middle Eastern investment.
The new models would be built in the Nene Valley plant, following the closure of Fairline’s facilities at Oundle.
Hopes now rest on administrators FRP Advisory selling the firm as a going concern, rather than breaking it up to pay off the company’s debts.
“I believe that because of the all the above study work they have a realistic chance of finding and attracting a buyer quickly,” Richard added.
One of the things that might persuade a new investor to snap up Fairline is their strong dealer network, with a backlog of more than 25 orders in the pipeline.
“On retail sales, Bates Wharf is heading for a record year with all brands since Southampton,” Richard continued. “We are down to minimal stock so we have a big potential order bank.”
Motorboat & Yachting: The Ferretti Group has revealed details of its upcoming Pershing 140 superyacht, which will be the first of the range to be built from aluminium.
Due to be launched in 2018, the Pershing 140 will be built from aluminium – the first model in this range to use such a material.
Designed by naval architect Fulvio de Simoni, the new superyacht will be built at the Ferretti Group’s Ancona shipyard – another first for the Pershing brand.
The aluminium hull will provide the basis for a composite superstructure that de Simoni describes as “imposing but not too austere”.
Key features include an owner’s cabin situated to the fore of the main deck and two integrated side wings that help to shelter the cockpit.
As you would expect on a model of this size, the interior design and layout is largely bespoke, with owners invited to discuss their requirements with the Ferretti Group’s engineering department.
The standard layout features four cabins (three doubles, one twin) as well as additional crew cabins.
All three engine options are provided by MTU, with the largest set-up featuring four 2,600hp M94 engines for an estimated top speed of 38 knots.
The Pershing 140 isn’t due to hit the water until 2018, but Ferretti CEO Alberto Galassi is already getting excited: “I can’t wait for this incredible vessel to be built: I want to see it growing month after month.”
Motorboat & Yachting: London’s newest boat show is set to expand in 2016, with a new identity and brokerage partner.
The organisers of the London Yacht, Jet & Prestige Car Show have revealed plans for their 2016 follow-up, which will see the St Katharine Docks exhibit rebranded as the London On-Water Yacht & Boat Show.
Following a successful inaugural year, the show will be expanding to take up much more of the docklands marina, with more than 60 used boats on due to go display from online brokerage firm Yachtworld.
Vessels for sale will range in length from 10m-40m, the organisers added, although larger vessels can be accommodated on the visitor’s berth outside St Katharine Docks.
What’s more, the four-day event will be shifted a month later than in 2015 and run from Wednesday May 4 to Saturday May 7.
The On-Water Boat Show will be run in parallel with the London Yacht Jet & Prestige Car Show and Prestige London, which will be returning to Old Billingsgate.
In a statement, the organisers added: “London On-Water will feature high-quality yachts and boats of all varieties for sale or charter, together with shore-side displays and entertainment.”
Advance tickets to the 2016 London On-Water Yacht & Boat Show are on sale now, with prices starting at £18 per adult.