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Aurora Global Logistics yacht logistics products also cover the movement of your yacht to / from any port in the world via lift on / lift off carriers. If you would like a quotation please complete our Request a Quote form on our website and we will come straight back to you.
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Mustang Calls in Receivers
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GOLD COAST: Australian luxury boat builder Mustang Marine has suffered financial collapse for the second time in as many years, announcing today it has appointed administrators. With sales languishing due to the market downturn – a plight exacerbated by a fire at a critical dealer causing delays to new launches – Mustang’s financial backer Standard Bank has withdrawn its support. The Johannesburg-based Standard Bank bailed Mustang out of a similar situation in 2008 when it faced a 12-week receivership looking for a buyer. As many as 50 jobs will be lost at the Gold Coast yard, but Mustang assured owners that all orders fo Mustang director Chris Heaton believes the brand will continue but in the meantime it will restructure while it seeks a new investor. Reports suggest creditors are owed less than $1 million. At the Sanctuary Cove International Boat Show last year, Mustang’s chief executive Chris Heaton was buoyant about the company’s future and even discussed the possibility of buying out fellow Queensland luxury boat builer, Riviera. Over the course of the last two months, Mustang was in negotiations for a merger with Riviera. But with talks going nowhere, Mustang now shares the same predicament – waiting for a buyer to come along. |
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Emirates Team NZ wins Louis Vuitton Trophy
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| AUCKLAND: The home team has taken out the second stage of the Louis Vuitton Trophy in Auckland and avenged its shock loss in the final at the first round in Nice, France. Emirates Team New Zealand beat Mascalzone Latino Audi – the team which will challenge BMW Oracle in the 34th America’s Cup – in a shortened “best-of-three” final, besting the Italians 2-0. Right after the finish, the normally controlled and contained Emirates skipper Dean Barker had a broad smile on his face as he soaked his veteran team with champagne from a jeroboam of Moët et Chandon, not even sparing an event photographer who had climbed aboard for the occasion. On their way to the finals, Emirates survived by one second a heart-stopping last-minute penalty turn in their match against Azzurra, the other Italian team. Today they left no doubts with a composed and clinical performance that only saw them threatened once.
Noting that his team had lost two races in the two weeks, Barker added: “It’s always satisfying when you feel that you’re sailing your best on the last day, and today we were sailing really well.” The Louis Vuitton Trophy brings many of the world’s best sailing teams together for action packed match racing in 80-foot America’s Cup Class monohull yachts. The next round will see the teams head to La Maddelena, Sardinia, in late May. |
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Sydney Yachts Returns with 37-foot Cruiser/Racer
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AUCKLAND: Organisers of the Auckland International Boat Show, held from 11 to 14 March, say the show was a sell out with exhibitor space up 15 per cent on last year. It also attracted five per cent more visitors than in 2009, thanks partly to the Louis Vuitton Trophy held simultaneously. But the show’s organiser said the success has also highlighted a serious issue facing New Zealand’s marine industry. Peter Busfield, executive director of the Marine Industry Association, said the Viaduct Harbour is an ideal location for the boat show, and the wider Viaduct area is key in targeting the world’s superyachts to visit Auckland for cruising and refits. “More than 100 superyachts have visited Auckland in the last 12 months, to take advantage of the city’s internationally recognised skills in commissioning and refitting superyachts,” Busfield said. “But if we are to continue to attract this business to Auckland and to grow the Auckland International Boat Show, we need to expand our maritime infrastructure here. At the moment we are bursting at the seams.” The show was at full capacity, on and off the water and exhibitors were happy with the interest. Sealegs sold several of its amphibious inflatables; Sunsail was happy to sell a Lagoon 384 sailing cat, its newest member to the fleet; and Maritimo reported two strong leads on sales, subject to sea trials. Rayglass sold more than $1 million worth of boats including its largest model, the $580,000 Rayglass 4000, and three of its most popular model, the Rayglass 2500s at $160,000 each. |
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Auckland Boat Show Exhibitor Presence up 15 per cent
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| AUCKLAND: Organisers of the Auckland International Boat Show, held from 11 to 14 March, say the show was a sell out with exhibitor space up 15 per cent on last year. It also attracted five per cent more visitors than in 2009, thanks partly to the Louis Vuitton Trophy held simultaneously. But the show’s organiser said the success has also highlighted a serious issue facing New Zealand’s marine industry. Peter Busfield, executive director of the Marine Industry Association, said the Viaduct Harbour is an ideal location for the boat show, and the wider Viaduct area is key in targeting the world’s superyachts to visit Auckland for cruising and refits. “More than 100 superyachts have visited Auckland in the last 12 months, to take advantage of the city’s internationally recognised skills in commissioning and refitting superyachts,” Busfield said. The show was at full capacity, on and off the water and exhibitors were happy with the interest. Sealegs sold several of its amphibious inflatables; Sunsail was happy to sell a Lagoon 384 sailing cat, its newest member to the fleet; and Maritimo reported two strong leads on sales, subject to sea trials. Rayglass sold more than $1 million worth of boats including its largest model, the $580,000 Rayglass 4000, and three of its most popular model, the Rayglass 2500s at $160,000 each. |
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Did you know you can read online every issue of OCEAN printed as a digital magazine? Visit www.oceanmedia.com.au Also published by Ocean Media and available online, Offshore Yachting Magazine and The Great Southern Route Superyacht Guide |
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SANCTUARY COVE INTERNATIONAL BOAT SHOW IMPORT OF YACHTS INTO AUSTRALIA
ARRIVAL IN AUSTRALIA Ð CUSTOMS & QUARANTINE
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Aurora Global Logistics are fully licensed customs and quarantine brokers for all ports of Australia. If you are travelling as commercial cargo or coming in on your own bottom we can assist:
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