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Trinity News

Discussion in 'Trinity Yacht' started by Yacht News, Oct 1, 2009.

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Yacht News, Oct 1, 2009

#1

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Al Suwaiket Group (KSA) and Trinity Yachts (USA) form partnership 

Earlier this year, the Al Suwaiket Group and Trinity Yachts formed a partnership. For more on this, see below.

Al Suwaiket Group (KSA) and Trinity Yachts (USA) announced the formation of a partnership at the 2009 Dubai International Boat show. Their Joint venture shall be based in Dubai under the name of International Yacht Collection Middle East. It will cover the GCC, Middle East and North African countries. The Dubai based company will use experienced professionals to offer it's clients the entire range of yachting services: new construction, yacht management, repairs, brokerage, charter management, retail charter, and crew placement.

Al Suwaiket Group is a leading diversified business group based in Saudi Arabia working in different fields of activities such as oil & gas, metal & process equipment fabrication, design, construction, food, catering services, meat & vegetable processing, agriculture, furniture, real estate, education, finance, travel & tourism.

"The GCC is an emerging market that will become increasingly important for mega-yachts as evidenced by the increase in marina berths and facilities for mega-yachts" said John Dane, President and CEO of Trinity Yachts.

"Discerning clients, seeking yachts whether for charter or as owners, require that a First Class Experience be available and that can only come from experienced yacht managements Companies such as IYC", commented Sh. Mubarak Al Suwaiket, President and Chairman of Al Suwaiket group.

Trinity Yachts operates 2 modern shipyards: one in New Orleans, Louisiana and one in Gulfport, Mississippi capable of building custom superyachts up to over 100 metres. Trinity is ranked by "Showboats International" magazine as the "Number One builder of custom yachts in the world according to linear feet under production". Trinity currently has 19 yachts under contract, 6 of which are being built for repeat clients. Trinity will deliver a 50 meter yacht to Dubai in the 3rd quarter of 2009 with an additional two mega-yachts scheduled for delivery within 20 months to Dubai as well.

International Yacht Collection is a global, full service yachting services company providing brokerage, retail charter, charter management, yacht management and crew placement from its headquarters in Fort Lauderdale, Florida, as well as from offices in Monaco; Nassau, Bahamas; Newport, RI; Palm Beach and Saint Maarten.
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***

http://www.trinityyachts.com
Yacht News, Oct 13, 2009

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"Destination Fox Harb'r Too" open house

The 2008 Trinity Yachts build "Destination Fox Harb'r Too" is having an open house October 14, 2009. This will take place between the hours 16:00 to 19:30 at the Derektor yard in FL. The new vessel is also for sale asking 29.5-Million USD.
Yacht News, Oct 27, 2009

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On the eve of the 50th edition of the Fort Lauderdale International Boat Show (FLIBS), there is news that the 54-meter "Katharine" has had a price reduction in her asking price. She was asking 29.9-Million USD now is asking 28.9-Million USD.
Yacht News, Oct 28, 2009

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The 2002 Trinity "Carpe Diem" has been given a price reduction in her brokerage price. She was asking 23.9-Million USD but is now asking 21.5-Million USD. You can view the 2006-refitted vessel at the FLIBS, starting tomorrow at the Bimini Yard.
Yacht News, Nov 9, 2009

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Trinity's "My Iris" has been given a price reduction to her asking price. The 46-meter yacht which was built in 2003 by the United States builder, is now asking 19.95-Million USD down from 22-Million USD.
Yacht News, Nov 9, 2009

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The Trinity "Lady Michelle" was launched in 2007. The near 50-meter yacht is asking 12-Million USD.
Yacht News, Nov 10, 2009

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News about "Blind Date II".

The IYC is now offering 4 weeks of guaranteed chartering to the new owner who buys the "Blind Date II". The 2009-built yacht by Trinity is currently on the market asking 36.25-Million USD.
kligon, Nov 27, 2009

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Completion and delivery of T54 'Red Saphire' and T60 for UAE ruling family is now 6 months behind schedule. The word from inner circles (recent project managment meeting I attended) is late payments and cancellations by other clients and resulting late payments to contractors is having a serious knock on effect for Trinity's cash flow and ability to complete works.

The announcement yesterday of Dubai Worlds financial difficulties will further impact on not only vulnerable Trinity Yachts but many other long term superyacht proposals.
Yacht News, Nov 28, 2009

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kligon said:

Completion and delivery of T54 'Red Saphire' .
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Well from what I see on the Trinity website, it seems that the "Red Sapphire" has been launched already.

http://www.trinityyachts.com/T054/t054l.pdf
Yacht News, Dec 9, 2009

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The Trinity "Vita" has been listed for sale. She is asking 19.975-Million USD. On the other hand the J-Class "Ranger" which happens to be affiliated with the Vita is for sale as well with her. Ranger is asking 20-Million USD.
AffrayedKnot, Dec 11, 2009

#11

AffrayedKnot Senior Member

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Fire Sale ?

YachtNews said:

The Trinity "Lady Michelle" was launched in 2007. The near 50-meter yacht is asking 12-Million USD.
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Any details on the fire? How bad/good is she? Is she an insurance boat now?

Better question, is 12-million USD realistic?
revdcs, Dec 12, 2009

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AffrayedKnot said:

Any details on the fire? How bad/good is she? Is she an insurance boat now?

Better question, is 12-million USD realistic?
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Her last Blog update was 30th September with no mention of a fire but did say she had a new Captain and was heading for Cape Town.

When did the fire happen?
AffrayedKnot, Dec 12, 2009

#13

AffrayedKnot Senior Member

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Various reports:

"USGC reported on the scene 18 March 2009."

"According to one first responder, the fire started and was confined to the engine room. Witnesses at the scene say the smell was acrid and noxious even from a distance and that the interior would undoubtedly have suffered extensive smoke damage. There were no serious injuries reported."

"Last reported that she was hauled at Derecktor"
Yacht News, Dec 12, 2009

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You think that she is for sale because of the fire?
AffrayedKnot, Dec 12, 2009

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AffrayedKnot Senior Member

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Actually, I learned today that she was declared a CTL and is now in possession of the insurance underwriters who are attempting to sell her through Merle Wood & Asso. Several interested parties have presented offers (no where near the 12mil asking) but none yet have stepped-up willing to take on the re-build.
CaptTom, Dec 12, 2009

#16

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revdcs said:

Her last Blog update was 30th September with no mention of a fire but did say she had a new Captain and was heading for Cape Town.

When did the fire happen?
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Rev,
That last blog was from September, but of 2008.
Her website URL (yachtladymichelle.com) expired Nov 25, 2009.
I was fortunate to be visiting the Trinity yard during her build and get a few photos as I toured her. Will not post any though without permission of Trinity.
Yacht News, Dec 21, 2009

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AffrayedKnot said:

Any details on the fire? How bad/good is she? Is she an insurance boat now?

Better question, is 12-million USD realistic?
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The Trinity 49-meter "Lady Michelle" has been successfully sold for her asking price of 12-Million USD.
Yacht News, Dec 21, 2009

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The 47.85-meter Trinity "Lady Linda" has also been successfully sold recently.
The 2006 American built yacht was sold for her then asking price of 23.8-Million USD through joint brokerage IYC and Yachtzoo.
AffrayedKnot, Dec 22, 2009

#19

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YachtNews said:

The Trinity 49-meter "Lady Michelle" has been successfully sold for her asking price of 12-Million USD.

View attachment 35250
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I think it was closer to $9.4mil.
Yacht News, Dec 22, 2009

#20

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AffrayedKnot said:

I think it was closer to $9.4mil.
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So you are telling me that the brokerage news is lying?

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