Is Orange Coast Yachts Still In Business?

Orange Coast Yachts (OCY) has announced the opening of its third office on the West Coast in Seattle, with eight brokers working for the company. The company specializes in selling and equipping boats to cruise from Alaska to the East Coast, focusing on customers who are interested in new and pre-owned Cruising Power Yachts of Distinction. For over 40 years, OCY has sold and equipped boats to cruise from Alaska to the East Coast.

The company has been in business for over 40 years, with a focus on selling and equipping boats to cruise from Alaska to the East Coast. The company has a strong sales team and is ready to assist with all of your needs. Orange Coast Yachts is located at 201 East Coast Highway, Newport Beach, CA, United States.

OCY was created in 1982 and evolved from a brokerage that McLaren worked for and subsequently purchased. For the past 38 years, OCY has focused on buying and selling yachts in Southern California, including large motor yachts, center console fishing, and sport fishing boats. South Coast Yachts is an authorized Beneteau dealer for powerboats and sailboats in California, as well as a brokerage for quality used boats.

The judgment is for unpaid commissions in respect to two discrete yacht sales, with the first sale involving a new 64-foot Ocean Alexander yacht sold. All general meetings of the OCCSA are held the last Monday of every month.

Who bought Oyster Yachts?

Oyster Yachts has been bought from administrators by British gaming software entrepreneur Richard Hadida. Hadida won the bid from a shortlist of seven bidders. He is a keen yachtsman who has chartered Oysters and sails with motorsports boss Eddie Jordan on Jordan’s Oyster 885 Lush.

Oyster went into administration in February with the loss of around 380 jobs after the Dutch backers, HTP Investment, decided not to continue to support the company financially. The company had its largest ever order book totalling £80m, but also an unsettled £7.3m claim relating to the loss of the Oyster 825 Polina Star III from a total keel failure in 2015.

Hadida won’t disclose what he paid to buy Oyster, but he outbid a group that included four other high net worth individuals. He now owns the assets, tooling and IP, as well as the subsidiary brokerage, after market and events companies, but minus liabilities relating to Polina Star.

Which sailing yacht is owned by a Russian billionaire?

Sailing Yacht A is a sailing yacht launched in 2015. The vessel is a sail-assisted motor yacht designed by Philippe Starck (exteriors and interiors) and built by Nobiskrug in Kiel, Germany for the Russian billionaire Andrey Melnichenko.

Its propulsion consists of a variable-speed hybrid powerplant with two lineshaft controllable-pitch propellers that is sail-assisted by a three-mast fore-and-aft sailing rig. The freestanding carbonfiber rotating masts were manufactured by Magma Structures at Trafalgar Wharf, Portsmouth. Doyle Sailmakers USA manufactured the three fully automated carbonfiber/taffeta full roach sails. The furling booms were built in Valencia by Future Fibres. The rigging of the yacht was developed partially to be implemented on cargo ships and for commercial use. The vessel features an underwater observation pod in the keel with 30cm (12in)-thick glass. It is the largest private sail-assisted motor yacht in the world.

Sailing Yacht A was delivered by Nobiskrug on 3 February 2017, and left Kiel on 5 February 2017. It exited the Baltic Sea in light mode on near-empty fuel tanks in order to clear the Drogden Strait with minimum draught. It underwent final sea trials and the final fit-out at the Navantia shipyard in Cartagena, Spain. Boat International called it “the boundary pushing superyacht”. The yacht is owned by Melnichenko through Valla Yachts Ltd. of Bermuda, and was initially registered there at Hamilton. In December 2021 the yacht was moved to the Isle of Man flag and registered at Douglas.

Why are yachts not available to US residents in US waters?

You will see this term next to many yachts advertised for sale or charter. Any non-USA built vessel which has never paid USA Customs duty, or a USA built vessel that has been exported and is currently foreign flagged, can not be offered for sale or charter to US citizens while in USA waters until making a formal USA entry. USA duty, assessed at 1.5% of the appraised value, is a one time taxable event. A duty free formal entry can be made if duty had previously been paid and can be proven with a receipt or a returning USA built vessel.

Is meridian the same as Bayliner?

2002 was the final year for Bayliner Motoryachts. In 2003, Brunswick launched its Meridian line of yachts out of Bayliner’s old yacht and former headquarters location in Arlington, Washington. Meridian started with the old Bayliner lineup of seven models of sedans, flybridges, and pilothouse motoryachts from 34-58 feet, with the direction and intention of gradually re-tooling the lineup.

This would include not only new and more aggressive designs but also new materials and hardware to bring the Meridian brand closer to Sea Ray and its perception quality. All Meridian models were equipped with Brunswick’s new Docking on Command™ system of utilizing bow and stern thrusters under a single control.

Sales rebounded under the new direction but the financial downturn of 2008 caused more rationalization of Brunswick’s facilities, including the closing of the Arlington plant and all Meridian production moving to Florida. In 2011, it was claimed that Meridian had the best selling sedan and flybridge cruisers in the United States for the past five years.

Did Meridian Yachts go out of business?

The company announced the closure at an all-staff meeting Thursday, saying a dramatic decline in boat sales nationwide forced the decision.

“Many people cried,” said Antonio Ibarra, of Mount Vernon, who has worked at the company for seven years.

“The plant manager almost cried. He had a big speech, but he could not talk. We thought we were working for a company that was strong,” Ibarra told The Herald of Everett.

Sergo Ruben-Lopez, who joined Ibarra for a beer at the Buzz Inn after work, said the shutdown was a big loss.

Is Oyster Yachts still in business?

The luxury yacht manufacturer sailed into the black with a 29 per cent year-on-year increase in turnover to £56.4 million in 2023.Hadida has invested heavily in the business to guarantee its long-term future.

The company achieved a profitable month in January and expects an overall Q4 profit for the year ending 2024. Recently appointed CEO Ashley Highfield has also highlighted major investments to enhance the customer experience, plus upgrades to the Oyster World Rally.

The company returned to profit following heavy investment in manufacturing facilities, staff and new support services.The company makes blue water sailing yachts; after launching a record 32 yachts in 2022, Oyster maintained full occupancy of all its shipyard’s build bays during FY23.

Is Carver Yachts out of business?

The end of an era Carver and sister company, Marquis Yachts, closed their doors in 2021, an end to an era of one of the most recognizable and well-liked motor yacht brands.

Starting out as a hobby for two men in a garage led Charles and George to create Carver Yachts. One never knows where an idea and a love for boats can take them until embarking on a journey. This passion and their skills took Carver to new heights, and up until 2021, Carver continued to be a leader in the industry by creating highly functional, spacious, and dependable luxury cruising motor yachts.

Carver no longer makes yachts. The company closed its doors in 2021. However, you can still find a wide array of used Carver Yachts for sale on the brokerage market.

Carver Yachts was sold back in 1985 by Miramar Marine Corp, which eventually evolved into Genmar Holding, Inc. However, after filing bankruptcy in 2008, Genmar Holdings was auctioned off in 2010; Irwin Jacobs and John Paul DeJoria (J&D Acquisitions) purchased Carver and Marquis Yachts for $6.05 million. They formed the Marquis-Larson Boat Group — which consisted of six boat brands — Marquis, Carver, Larson, Larson FX, Larson Escape, and Striper. In 2018, Polaris acquired the assets of most of the Larson Boat Group companies aside from Marquis and Carver, but in the summer of 2021, both Marquis and Carver Yachts shut down for good.

Are Bill Gates and Paul Allen friends?

The company restructured on June 25, 1981, to become an incorporated business in its home state of Washington (with a further change of its name to “Microsoft Corporation, Inc.”). As part of the restructuring, Gates became president of the company and chairman of the board, and Allen became executive vice president and vice chairman. The relationship between Allen and Gates became strained as they argued even over small things. Allen effectively left Microsoft in 1982 after being diagnosed with Hodgkin’s lymphoma, though he remained on the board of directors as vice chairman. Gates reportedly asked Allen to give him some of his shares to compensate for the higher amount of work that Gates was doing. According to Allen, Gates said that he “did almost everything on BASIC” and the company should be split 60–40 in his favor. Allen agreed to this arrangement, which Gates later renegotiated to 64–36. In 1983, Gates tried to buy Allen out at $5 per share, but Allen refused and left the company with his shares intact; this made him a billionaire when Microsoft went public. Gates later repaired his relationship with Allen, and the two men donated $2.2 million to their childhood school Lakeside in 1986. They remained friends for the rest of Allen’s life.

Allen resigned from his position on the Microsoft board of directors on November 9, 2000, but he remained as a senior strategy advisor to the company’s executives. In January 2014, he still held 100 million shares of Microsoft.

• Vulcan Capital is an investment arm of Allen’s Seattle-based Vulcan Inc., which has managed his personal fortune. In 2013, Allen opened a new Vulcan Capital office in Palo Alto, California, to focus on making new investments in emerging technology and internet companies.
• Patents: Allen held 43 patents from the United States Patent and Trademark Office.
• Apps: Allen backed A.R.O., the startup behind the mobile app Saga
• SportStream, a social app for sports fans
• and a content-management app called Fayve.
• Interval Research Corporation: In 1992, Allen and David Liddle co-founded Interval Research Corporation, a Silicon Valley-based laboratory and new business incubator that was dissolved in 2000 after generating over 300 patents, four of which were the subject of Allen’s August 2010 patent infringement lawsuit against AOL, Apple, eBay, Facebook, Google, Netflix, Office Depot, OfficeMax, Staples, Yahoo!, and YouTube.
• Ticketmaster: In November 1993, Allen invested more than $325 million to acquire 80% of Ticketmaster. In 1997, Home Shopping Network acquired 47.5% of Allen’s stock in exchange for $209 million worth of their own stock.
• Charter Communications: In 1998, Allen bought a controlling interest in Charter Communications. Charter filed for bankruptcy reorganization in 2009, with Allen’s loss estimated at $7 billion. Allen kept a small stake after Charter emerged from reorganization, worth $535 million in 2012. The company’s 2016 purchase and subsequent merger of Time Warner Cable with Charter’s subsidiary, Spectrum, made Charter Communications the second-largest cable company in the U.S.

What year did Carver go out of business?

2021 Carver boats boast a wide range of yachts for every taste. Although the business closed in 2021, Carver yachts continue to be a great choice of vessel.

Did Carver Yachts Go Out of Business?. Yes, the company went out of business in mid-2021. Despite that, there’s a booming market for used Carver boats as they continue to be highly sought after.

Where Are Carver Boats Made?. Carver Boats was originally founded in Milwaukee, Wisconsin and Georgia. These boats have always been in line with American tastes, which is why they’re a popular choice all over the country. Although the business closed in 2021, Carver yachts continue to be a great choice of vessel.

Who Owns Carver Yachts?. At the time of their closing, Carver was owned by the Marquis-Larson boat group. They’ve gone through multiple owners in the past.

What yacht does Bill Gates own?

In 2021, Gates took delivery of what would become his starter yacht, Wayfinder. Measuring 224 feet (68.2 meters) in length and built at the cost of “just” $25 million by Astilleros Armon, Wayfinder is a Shadowcat, which means it’s a catamaran designed as a shadow vessel. Until just now, it was unclear exactly what Wayfinder was shadowing since no one seemed to be aware of the existence of a mothership.

That mothership, according to eSysman Superyachts who cites sources inside Feadship, is Project 821, currently under construction at the shipyard. Project 821 is a gigantic vessel with a 2024 delivery date, with a total length on water of 390 feet (119 meters) and an interior volume of over 7,000 GT. Until now, Project 821 has been closely kept under wraps.

Technically, it’s still being kept under wraps, but this seemed to have slipped through the cracks: Gates is selling it.

Is Navigator Yachts still in business in the USA?

Navigator Yachts Inc. was renamed Navigator Yachts and Products Inc. after the corporate reorganization in 2012. The new leadership team will continue to carry-on the Navigator Yachts and Californian Yachts brands to a world-wide audience and the outstanding reputation that the market has come to expect.

History of Navigator Yachts®and Californian Yachts®.​Navigator Yachts and Products Inc. is the leading manufacturer of luxury yachts. Navigator Yachts® and Californian Yachts® are famous American-owned yacht brands and trademarks. The Navigator and Californian yacht lines are classically designed with value in mind. Skilled craftsmanship and quality materials are the focus of this American-owned and American-built company. Since 1988, over 1000 high quality and semi-custom Navigator Yachts and Californian Yachts have been built.

The first Californian Yachts models started in 1972 by the Marshall Boat Company and Jule Marshall. One of the company’s first successes was the Californian 42 LRC (Long-Range Cruiser), which was built over nine years. Unlike other companies that built their boats in the Far East, Californian Yachts were built in Orange County, California and used mahogany for the interior instead of teak. Over the years, the Californian models earned an outstanding reputation in the industry for their above average construction standards.

Navigator Yachts Inc. was founded by Jule Marshall in 1988 in Perris, California to build a line of raised pilothouse yachts under the brand name Navigator Yachts. Navigator Yachts Inc. started with a single 33-foot express model, and the company rapidly evolved into one of the largest builders of production pilothouse motorboats in the industry. A new generation of Californian Yachts was introduced and both yacht brands were built by Navigator Yachts Inc..

What happened to Paul Allen’s Yachts?

Allen’s 414-foot superyacht Octopus sold in 2021 after being listed for nearly $300 million. He took delivery of that German-built vessel in 2003 and over the years it was known for everything from hosting A-list parties to taking part in marine research expeditions.

The billionaire philanthropistonce saidof his fleet of yachts: “They’re too big, and there are too many of them.”

Since Allen’s death, his sister Jody Allen has dramatically transformed his numerous holdings as the executor of his estate.