Part 1: Northern Marine 90' Yacht Capsizes Upon Launch...!

Here is what the boat was originally going to look like. Note the creep in length and height.

85′ Northern Marine Motor Yacht Blood Baron scheduled for construction — Luxury Yacht Charter & Superyacht News

Hull look like extension of 80?

Incidentally, Wes, who is the Northern representative seen talking is their head of Human Resources and Safety Compliance.

At this point we don't really know the details of what happened but we know a 90' boat was launched, rolled and sunk and we also know several lives were endangered and one man came frighteningly close to being killed. Fortunately others acted wisely and worked to rescue him. So whatever happened it's a horrible tragedy and a terrible reflection on Northern. Will they survive it? Well, I have my opinion on that but will withhold it for now, primarily out of respect for them being an advertiser on this site.

Different time, different place, different circumstances.

Just because things look the same on the surface doesn't mean they are. I'll stick by my statement and you're welcome to disagree. But it is a different time and place, quite obviously, and the country and location could make things very different. And as to the circumstances they include the health of the company, the situation of the boat (in this case sold but not delivered and probably mostly paid for), and the parties involved. I believe this one is going to be far more complicated to unravel.

Actually the only point I was arguing was that this will be quickly forgotten like the other one. (Edit note: I was arguing against that point). I'm simply stating that this one might well have far more repercussions than the other one and much more lasting impact.

They were intended to be. I was arguing against the statement that it would quickly be forgotten. Sorry, if that was unclear. I edited to clear that up.

Well, that's what I was referring to and expecting, just not that fast.

My understanding is, and this is strictly here-say, that there are other boats in some stage of construction, as many as three, and already was some legal action either contemplated or taken. Having recently been in that area, there was quite a bit of scuttlebutt.

If this is typical, they'll all have to get their boats finished elsewhere and probably have substantial losses. This is once again why knowing your builder and their financial condition is so important.

I imagine now that this has happened, you'll see people coming from out of the woodwork with issues of one type or another from vendors to customers.

As quickly as this was announced today, I have a feeling they had already anticipated the possibility, this just made it have to happen now. I wouldn't be surprised if there was a progress payment due when it was floated and they were depending on that payment to continue for now.

Again much is speculation, but regardless of specifics, the situation is bad. Employees out of jobs, Vendors not paid, and customers left hanging.