Motorboat & Yachting: Italian yacht maker Ferretti Group received the formal backing of the Ferrari family this week after F Investments bought a 13.2% stake.
By purchasing a 13.2% share in the yacht maker for an undisclosed sum, the luxury car dynasty has strengthened a budding partnership between the two brands.
Last month it was announced that Ferretti would be sponsoring the Ferrari Formula 1 team, with its Riva brand emblazoned on the racing drivers’ helmets.
But the collaboration dates back much further, with Riva and Ferrari launching a 32ft speedboat back in the 1990s.
The news was announced as part of Ferretti’s annual financial results, which showed that the company beat its own predictions to deliver a consolidated production value of €410m for the 2015 financial year.
What’s more, the company’s earnings (EBITDA) reached €7million – the positive figure since 2012 – and a profit of around €5million is forecast for the first quarter of 2016.
CEO Alberto Galassi said: “The year of 2015 has rewarded us with economic and financial results over the expectations and the Group has relaunched itself regaining leadership on several markets.
“This achievement would not have been possible without the introduction of innovative and cutting edge products that are the results of significant investments in research and development and of the design and construction capabilities of Ferretti Group,” he added.
The Ferretti Group plans to launch nine new models before the end of the year, including the Ferretti 450 Fly, Pershing 5X and Riva 100 Corsaro.
Practical Boat Owner: Rain, hail, sleet and sunshine, lifeboats launch in all-weathers and Poole Inshore Lifeboat experienced all of it yesterday.
The inshore lifeboat left the station in brilliant sunshine, they soon arrived on scene, where a crewman worked on freeing the rope that was around the propeller, which he managed to do, as the clouds above became more foreboding.
The lifeboat crew asked the yacht skipper to check the gears to see if the vessel could move forwards or engage the gears, it appeared to not respond, so a tow rope was attached.
As the lifeboat crew began to head back into Poole Harbour with the vessel under tow a squally winter shower blew up, they headed back through the entrance to the harbour, with lightening flashing across the heavy sky, buffeted by driving sleet, gusting off the water, it was a lively tow back to the yacht’s mooring just off Salterns Marina.
Once the vessel was safely moored, the crew returned back to station about 5pm.
For one crew member, Rachael Bentley, it will be a call out to remember as it was her first ‘shout’. Rachel has completed her basic training and had gone out, on what had seemed to be a relatively straight forward job, but the elements had other ideas, with icy blast, biting North Westerly winds, sleety squalls, not quite April showers but a memorable first job for the new recruit.
Practical Boat Owner: With public opinion closely divided ahead of the ‘Brexit’ referendum on whether or not the United Kingdom should remain part of the European Union, we look at what it could mean for recreational boating.
With latest polls suggesting public opinion is closely divided on Brexit (the potential ‘British exit’ from the EU), we discuss with the Royal Yachting Association (RYA) what it could mean for recreational boating.
If the United Kingdom left the EU, would it ensure the continued availability of red diesel for the leisure boating community? Or a return of the two-hour wait on your boat for customs officials when returning from France?
Gus Lewis, legal and Government affairs, spokesman for the RYA, told PBO: ‘The short answer is nobody can possibly know.
‘There seems to be a view in some quarters that if the UK votes to leave the EU on 23rd June then somehow everything will change on 24th June but the EU Treaty itself anticipates a two-year timeframe for exit and the eventual withdrawal agreement requires the approval of the European Council and the European Parliament. Some say it could take at least 10 years for the Government to negotiate the terms of the UK’s future relationship with the EU.
‘Nobody can possibly know for certain what will happen if the UK decides to leave. The UK would have to start negotiations with the rest of the EU about what it would like its relationship with the EU to be. While various politicians are expressing a view as to what they might like to see happen following a UK vote to leave, there is no certainty at all that any of it will be achieved in practice. Other EU member states might be hostile to the UK as a consequence of its decision to leave and might not be willing to grant the UK the concessions it wants. Equally, those politicians might be right!’
Gus added: ‘The UK’s relationship with the rest of the EU has built up over 40 years. The way that the UK was before it joined the European Community offers very little insight into how the UK might be in a few years’ time if it were to leave the EU.
Gus said: ‘It’s possible that more rigorous border controls could be introduced, such as a return to the Customs formalities of pre-1993, or it could be that allowing the free movement of individuals is a condition of maintaining access to the single market. There are various existing models for a future relationship for the EU (e.g. Canada, Norway, Switzerland or Turkey) but each of these was negotiated individually with the EU.’
He added: ‘It is also worth bearing in mind that there are many aspects of recreational boating that are not currently subject to EU intervention at all. A lot of maritime law is still the preserve of national governments or international conventions facilitated by the United Nations.’
A PBO reader asked whether leaving the EU would mean sailors requiring French certificates of competence to sail in French waters.
Gus said: ‘The requirement for qualifications when you go overseas is generally specified in national legislation, nothing to do with the EU.
‘This is demonstrated by the fact that some EU members, such as France, do not generally require UK boaters to prove competence when sailing a UK-flag boat in their waters whereas other EU members, such as Spain and Greece, do.’
What is the process if the UK votes to leave the EU?
Article 50 of the Treaty on European Union provides a mechanism for the voluntary and unilateral withdrawal of a country from the EU.
An EU country wishing to withdraw must notify the European Council of its intention to do so. The council is then required to provide guidelines for the conclusion of an agreement setting out the arrangements for that country’s withdrawal.
This agreement would be negotiated by the EU with the departing country, taking into account the framework for the country’s future relationship with the EU. The agreement is concluded on behalf of the EU by the Council, having obtained the European Parliament’s consent.
The EU treaties cease to apply to the country in question from the date of entry into force of the agreement, or within two years of the notification of the withdrawal. The Council may also decide to extend that period.
In other words, a significant period of time would elapse between the electorate voting to leave the EU, should it choose to do so, and the UK’s eventual exit from the EU.
What is the RYA doing?
Should the UK vote to leave the EU then the RYA would, of course, engage with the relevant Government departments in an effort to minimise any impact on recreational boaters.
For as long as UK boaters wish to voyage across the Channel, the Irish Sea or the North Sea (whether or not there is an EU and whether or not the UK is a part of it) the RYA has an important role to play in lobbying European institutions to ensure that boaters may do so with the minimum of regulatory interference.
It’s worth noting in this context that the European Boating Association is a Europe-wide (not an EU-wide) organisation, as is the UN Economic Commission for Europe (which created the ICC), so the RYA involvement in organisations such as these would not be impacted by whatever decision the UK makes on its membership of the EU.
Gus concluded: ‘The outcome of the referendum will shape the future of the UK and its people, for better or for worse, and the public debate is likely to range across many aspects of British life. The focus for the RYA, however, is to make sure that whatever the UK’s relationship with Europe our ability to enjoy our boating is as unfettered as possible.’
Motorboat & Yachting: A jury today convicted two men at the Old Bailey, following the largest seizure of automatic weapons in UK history.
Harry Shilling and Michael Defraine were found guilty by a jury and will be sentenced on May 13 alongside three other men, who had already pleaded guilty, including David Payne who drove the heavily armed boat across the Channel.
Motor yacht Albernina was being tracked by the National Crime Agency (NCA) when it left UK waters on August 9 2015 and made the crossing to the French port of Boulogne-sur-Mer.
Here the men picked up a large consignment of automatic weapons, including 22 VZ58 assault rifles, 9 Skorpion machine guns, 58 magazines, two silencers and more than 1,000 rounds of ammunition.
When they returned to Britain the follow day and moored up near Cuxton on the River Medway, the authorities closed in on them.
Three people were arrested on the scene, a further two were picked up at a local DIY store where they were buying spades and pick-axes to bury the illegal weapons haul, and a sixth was arrested a local McDonalds restaurant after attempting to flee.
Rob Lewin, head of specialist operations at the NCA, said: “This seizure of automatic weapons was the largest ever made by the NCA – and, we believe, the largest ever on the UK mainland.
“We cannot say for certain what the organised crime group would have done with the weapons had they not been stopped,” he added.
“In bringing them to justice we have had fantastic support from our partners at Kent Police, the Crown Prosecution Service and Border Force. I have no doubt that together we have protected the public and saved lives.”
Motorboat & Yachting: The Perpetuus project to harness tidal energy off the Isle of Wight will be going ahead after receiving MMO approval.
Located in a 5km2 area off St Catherine’s Point (pictured above), the Perpetuus Tidal Energy Centre (PTEC) should generate a peak power output of 30MW.
Approval for the onshore development was granted by the Isle of Wight Council last year, and this week the Marine Management Organisation (MMO) gave its approval for the offshore infrastructure to be built.
Project director Mark Francis said: “We are delighted with the decision. PTEC will be pivotal to the future growth and success of the UK’s tidal energy industry.”
PTEC has been in development since 2010 and now the developers hope to be able to begin construction in 2017, with a view to generating electricity by the end of 2018.
The tidal energy project has worked closely with boating organisations and the organisers of the Round the Island Race to ensure minimal disruption.
What’s more, PTEC chairman Rob Stevens (pictured right) has strong links to the boating community, having worked as CEO of the British Marine Federation from 2005-2012.
Mr Francis added: “We now look forward to working with the MMO, local planning authority and all relevant stakeholders in completing the final development phase before we begin construction.”
Motorboat & Yachting: The first New York marina to open in 20 years will be throwing open its doors on 1 May 2016.
One15 Brooklyn officially opens on May 1 between Piers 4 and 5 of Brooklyn Bridge Park and will offer 102 new berths ranging from 25ft to 250ft (7m to 76m).
The first month will see sailors from the 2016 Transat race arrive into the marina on May 9, following a seven-day sailing race across the Atlantic from Plymouth.
The eight-acre site cost around $28million (£20million) to develop and is part of a major shorefront investment by the Brooklyn Bridge Park Corporation.
The 12ft-wide aluminium-framed pontoons are held in place by the Seaflex anchoring system, to help mitigate against the extreme North Atlantic weather that New York can be subjected to.
Founded by long-time Brooklyn resident Tim O’Brien, the new marina is majority-owned by SUTL Group, which runs One15 Marina Club in Singapore.
“We truly believe we have built something very special that will be there for the community for decades to come,” Mr O’Brien said.
As well as providing berthing and private charters, One15 Brooklyn will be used to run various youth community programmes to help get young people from the local area into boating.
Motorboat & Yachting: Owners Blackstone Group have appointed C&N Marinas to renovate and manage London’s St Katharine Docks.
The historic marina, located next to Tower Bridge and the Tower of London, will be relaunched before the end of the year under the Camper & Nicholsons brand.
The work will include 170 renovated berths, with a maximum LOA in excess of 40m to cater for the increasing number of superyacht owners visiting London.
St Katharine Docks currently features 160 berths and 22 visitor moorings.
Dan Hughes, business development director at C&N Marinas, said: “The plans include an improved marina layout and berth plan, better facilities both ashore and afloat, and an overall improvement to the marina experience.”
St Katharine Docks dates back to 1828 and was acquired by the Blackstone Group in late 2014.
The involvement of Camper & Nicholsons represents an increased commitment to the UK, after the international firm recently announced plans to open a brand new marina in East Cowes.
Motorboat & Yachting: Princess Motor Yachts Sales has announced a new partnership with Chris-Craft, which will see the American range sold in the Balearic Islands.
Princess Motor Yacht Sales have more than 20 years’ experience of selling in the Balearics, and wants to unlock the potential of Chris-Craft models in this area of the Mediterranean.
The company has already spent upwards of £100,000 on setting up a dedicated Chris-Craft sales and service centre at Puerto Portals Marina in Mallorca, and appointed Matthaeus Grasl as Sales Manager.
Max Whale from Princess Motor Yacht Sales praised the Chris-Craft range and says: “The attention to detail is simply exceptional and we felt that the range sits well alongside Princess. There is scope to personalise each boat, and, with the timeless design and craftsmanship, we are certain there will be a lot of interest”.
Chris-Craft has a substantial following in the Mediterranean, with its most recent model, the Launch 36 receiving high praise upon its launch at the 2015 Cannes Yachting Festival.
Demonstrator models based in Port Adriano and Cala D’Or include the Capri 25 and Corsair 28.
Practical Boat Owner: BBC has been allowed behind the scenes for the first time by Britain’s biggest superyacht builder Sunseeker International who has been hand-building customised boats for the world’s super rich for the past 50 years.
After 10 months of filming, Sunseeker International will take centre stage in a BBC Two documentary about ‘Britain’s Biggest Superyachts: Chasing Perfection’, which will be airing at 9pm this Friday 15th April 2016.
The BBC film crew follows the build of a brand new 40 metre Sunseeker 131 superyacht, worth £20million, at the manufacturing facility in Poole, Dorset through to final delivery.
The 131 superyacht enables its owner to tailor the layout and interior design to personal preferences from Sunseeker’s ‘Bespoke’ customer service.
The BBC documentary follows the most challenging specification to date when a customer takes full advantage of this made-to-measure service and asks for more extras than any other yacht in the Sunseeker’s history.
A BBC Two programme description says: ‘Sunseeker built their reputation on making small to mid-size yachts, but the recession saw this market flounder as even the super-rich tightened their belts, seeing Sunseeker sink into the red. So in a high stakes move, they’re sinking millions into building a larger opulent superyacht to reel in the uber-rich who still have cash to splash on life’s ultimate luxuries to help sail them back into profit.’
Whilst the company works hard to meet the customer’s exacting standards, the London sales team are working just as hard to fill the order book during the all-important Boat Show season where the sales team hope to sell in just 30 days over £40million worth of boats and yachts.
Every Sunseeker boat is built in Poole but seem to be found basking in the international playgrounds of the rich and famous and the BBC documentary crew also hop on board the charter side of the business to meet the people paying £60,000 for just a week’s holiday.
Watch the programme about Sunseeker on BBC Two’s ‘Britain’s Biggest Superyachts: Chasing Perfection’, Friday 15 April at 9pm.
Motorboat & Yachting: This weekend at the Broom Boat Show, several notable boat models goes on display in Brundall, including 1957 model Jenny Wren.
At the 2016 Broom Boat Show the entire new boats range will be featured, hosted at the company’s Norfolk HQ, along with a selection of used models, including the notable Broom Jenny Wren from 1957.
The restored boat model recently starred in a BBC One show Holidays of a Lifetime with Fiona Philips and Len Goodman. Because the Jenny Wren is the showcase project for Broom’s new Heritage Marine Services division, which specialises in restoring classic models.
“We have some of the best boat builders in the country here at Broom, who have been building boats with us since the 1960s, so launching a heritage division was a natural step for us”, said Greg Houlston, general manager of Broom Marine Services.
At the boat show, visitors will also be able to enjoy on-site entertainment, take a factory tour, go on a short trip along the river to experience a Broom model in its natural environment.