Some good deals on multi hulls

Discussion in 'Multihulls' started by ondarvr, Sep 7, 2017.

  1. PAR
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    PAR Yacht Designer/Builder

    Well, seeing that I've done this repeatedly and you're just waiting and seeing, it's pretty obvious who might have a clue in this regard.
     
  2. Mr Efficiency
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    Mr Efficiency Senior Member

    There'd be a fair bit of competition amongst the carpet-baggers, would there not ?
     
  3. PAR
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    PAR Yacht Designer/Builder

    To some degree, though these types tend to sort themselves out naturally and don't last long. Most marinas and insurance companies will pull a quick background on someone with interest, assuming there's enough money to warrant it. Getting beat up on an 18' center console, yeah, they'll be beatings aplenty, but 45' yachts, not so much. The 18' boats will likely just get cut up and dragged to the landfill, after the marina/insurance company yanks the outboard. The yachts will be treated differently, as there's more to make, recover, refit potential/reward prospects involved. Again, insurance companies aren't stupid. They'll pull the diesels out of these puppies, rigs, sails, electronics, equipment, etc. They'll make 5% on the dollar, but they'll recover something. There are companies that specialize in just this sort of work for them.
     
  4. DennisRB
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    DennisRB Senior Member

    I was in Tortola the week before it hit. The 60 foot charter cat I was on for a week was found on top of a building. Long before this happened, we openly mocked the BVI "Hurrcanisation" as a joke based on complacency of nothing bad hitting the place in as long as anyone can remember.

    My mates have all left their jobs there and gone back to their home countries. I feel bad for the ones who have Tortola as their home country.

    The place will never be insurable for yachts again in the hurricane season.
     
    Last edited: Oct 7, 2017
  5. rberrey
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    rberrey Senior Member

    Two Harvey boats are up for bid on Yacht Salvage .com , so they should start showing up on the market .
     
  6. PAR
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    PAR Yacht Designer/Builder

    My insurance contacts say lots of yachts are now up on the market, a regular smorgasbord for whatever you might want. Insurance rates will spike, like always and yes, Dennis we all get the "Hurrcanisation" syndrome after years of island life with few issues. Many of my friends in south Florida have been whipped out, having little more than a concrete block shell of a home, with nothing else of value inside it. Even with this complacency, they knew this one was going to be bad, as it was the path we'd all talked about for years, that would be the worst case scenario. We knew, but complacency is an easy trap to fall face first into. Now the cycle starts again and 20 years from now when the next one rolls through, hopefully someone will still be around to remember how bad it was.
     
  7. groper
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    groper Senior Member

    I must be searching all the wrong places- im watching all the big yacht market websites and have seen very little show up yet - any links much appreciated.
     
  8. Angélique
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    Angélique aka Angel (only by name)

    Did you try the BVI Marine Association from post #67 yet . . ?

    Or best call the insurance companies yourself now I think, and go and have a look.

    If someone else needs to bring the stuff to the market for you, then they'll need to make a profit to have a return on their invested work, money and risks, as this is how any business works.

    And as time passes by, stuff will be brought to the market, but for marktconform prices by traders, and when repaired already, often with unknown origin I think.
     
  9. Angélique
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    Location: Belgium ⇄ The Netherlands

    Angélique aka Angel (only by name)

    _caribbean_marine_insurance_.png
    Google Maps picture with by mistake some places in Dutch language settings. - Amerikaanse Maagdeneilanden = US Virgin Islands

    Just an example where a lot of caribbean marine insurance contact info shows up on the left side of the map, and when zoom in on the map and drag the map the left side keeps track with updating the shown contact info, also can click on the contact info to see that location on the map, also can click for street view and/or photos of the location, which often shows a nice office . . . :rolleyes:
     
    Last edited: Oct 6, 2017
  10. PAR
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    PAR Yacht Designer/Builder

    The big yacht markets don't handle salvage or wrecks, just what the brokers think might have a chance of selling with a reasonable commission. It's a bit like looking for a 30 year old used car, on a new car dealer parking lot.
     
  11. groper
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    groper Senior Member

  12. Angélique
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    Angélique aka Angel (only by name)

    Here's a Google shot at Hurricane Catamaran on Craigslist world wide, most of these seem to be asking for damaged project Cats.

    I'll think calling insurers would be more effective to get track of one that's salvageable and for sale.
     
  13. Angélique
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    Angélique aka Angel (only by name)

    The Catamaran CompanyHurricane Irma 2017Hurricane Irma Charter Update
     
    Last edited: Oct 7, 2017
  14. Angélique
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    Location: Belgium ⇄ The Netherlands

    Angélique aka Angel (only by name)

    _The_Catamaran_Company_Pre_Hurricane_Irma_2017_BVI_Tortola_Charter_Fleet_.jpg

    Keep track of what they and the many other charter companies offer when the surveyings are done, since this still is going on while getting new boats is of a higher priority right now to keep the charter guests happy with their already made reservations.

    Actively keeping abreast by contacting them yourself seems to be a good strategy to me, as they might sell the Irma damaged inventory without going public with this.
     
    Last edited: Oct 9, 2017

  15. groper
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    groper Senior Member

    The damaged charter cats in BVI are all getting hauled out onto the hard at nanny cay boat yard- now called the wrecking yard. Insurance has paid out now and boats are available, such as this 2010 model leopard 46 catamaran- too much damage for it to be worthwhile IMHO, even tho it only sunk the starboard hull, asking $40k, pics and details of it here;
    S/v roundabout https://m.facebook.com/svroundabout/
     
    Last edited: Oct 14, 2017
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