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

Ok, that makes sense. And I see their night high tide is much greater than their morning and the swings there are great as well. Thanks for answering.

The primary lender in this case may have some secured interests. However, there is no property involved. So it can only be equipment and molds and inventory. But if the buyers have well written contracts (which they may or may not) then they have claim to their boats in construction. So really there isn't much of anything for anybody. The only other item of potential value is the name and I question whether it holds any real value, especially today.

Because I didn't think of the tide factor and asked then I'm a moron. I'm not use to tide dependent launching as most of the areas I go don't have 10 foot tides and do have lifts for launching. Very good, Alaskan. And I never claimed to know why it tilted and sank as while I believe the design flawed, I do not know that caused it. Doesn't matter at this point. It happened. They're closed.

None of the above has anything to do with business knowledge or knowledge of their business and those are areas my experience is great. As to personal attacks on a forum like this, I choose not to behave that way. If I have a problem with another person, I discuss it in private. If you want to complain about me, I'd suggest you do so directly in a private message to Carl. Now as to what I know about their assets and their customers their business and their litigation, I believe my information is quite reliable. It's at least come from multiple sources in the know including some with direct business relationships. I am not going to say exactly the information or how I got it as I retain confidentiality when people share things. I guess next you'll claim Carl knows nothing either.

Some of the information I have is public record if you just know where to look. Easy to identify who owns the property. I was also just in the area for two weeks and heard a lot. I didn't predict their closing publicly prior to Carl disclosing it, largely out of respect that they were an advertiser here. I certainly did not anticipate it happening today.

Where my thoughts have been speculative, I've attempted to state so. But many of those are based off of years of experience and observing very similar situations.

I'd apologize for offending you if I honestly knew what I'd said so offensive. I'm sorry to see the demise of a builder and all the people hurt in the process. But this was set in motion several years ago and the turnaround needed just never quite happened.

I'm also not going to call the skipper a moron nor do I feel it's appropriate for you to do so. I have however stated that in reading what he says one should consider that he could lack objectivity based on his termination. Doesn't mean he's right or wrong, just that is a factor to consider when reading his statements. I don't know him at all.

I appreciate Old Phart answering why question about the time, regardless of whether he considered it stupid or not. Before I looked at the tidal chart, I would have thought why not the morning high tide, but then I saw the difference and perhaps they needed that extra two feet. I know nothing more than the photos regarding their launching ramp.

I know some things, I don't know some. I've posted erroneously and I've accepted correction. I've asked questions and learned a lot here. And when I post opinions they are just that like everyone else's opinions. Neither right nor wrong, just opinion.

Yes, a couple of weeks ago this probably wouldn't have worked as well. That's what it is, a test for your new server. It's definitely a hot topic. I guess the sinking would be anyway, but especially big news because they publicized and built up the launch so. They were very successful in getting people interested and paying attention. Just not the outcome they were hoping for. That's what happens on live tv and in the real world.

I would imagine in a few hours there will be updates from those near the scene.

Train wreck syndrome.

To the world this whole thing is probably an insignificant event. But to those involved or interested in boating and boat building in the US, it's large. Probably shouldn't be since they only built a couple of boats a year, but just the loss of another builder is sad.

Photo from before sinking.

http://yachtcaptainblog.com/wp-content/comment-image/204.png

Well, Wes's comment was along the lines of we saw it tilted more than normal then paused to collect ourselves, then continued. I'm paraphrasing at the moment. Will find the exact quote. And he was their director of HR and safety.

“The boat tilted to one side, and though not unusual, the amount of tilt was a little abnormal, so we paused to collect ourselves and assure that everything was going be right, and as we continued to lower it down, it pitched and that’s when it went over,” said Fridell.

Here is another quote.

“It just at one point lurched at its cradle. We don’t know exactly why at this point because the cradle had been inspected and is sound. And then we reinspected everything before we proceeded. … Once it floated in the water, it went over. So we do not know the cause at this point,” he said Monday.