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Grand Banks Yachts Makes First Acquisition

Early in April, Grand Banks Yachts Ltd. Announced that the company would make their first acquisition with the purchase of Australian boatbuilder Palm Beach Motor Yacht Co. for a total of $10 million Australia (about $9.4 million U.S. dollars. Once the purchase is complete, Mark Richards, founder and CEO of Palm Beach Yachts, and internationally renowned yachtsman, will be appointed CEO of the new enlarged group.

Roll Play

Seakeeper graph

I recently got onboard the new Weaver 80 off of Palm Beach. She’s a really cool, fully custom boat that we’ll do a full review on in a future issue of Power & Motoryacht, but for now I want to share an image with you I got from a Seakeeper rep who was also onboard running some tests. The boat has two Seakeeper gyro stabilizers in her engine room—and to be blunt, they work.

One Night in Rio

I hopped down to West Palm Beach recently for the debut of the Rio Yachts Granturismo 56 on the docks at Palm Harbor Marina. In a nutshell, the whole thing was very Palm Beach-y. A light breeze off the ocean, beautiful women in cocktail dresses, older guys wearing blazers and watches that could pay my rent for a year, and a live band jamming with tasteful restraint as the champagne flowed like water. But the star of the show was the boat, a fully customizable express cruiser from Rio Yachts, a newcomer to the market.

What Could Possibly Go Wrong?

When’s the last time you left your boating comfort zone? I’m talking about pushing yourself a bit beyond where you’ve been before. Perhaps it’s been a while. Maybe you have a good reason. (“We ended up there because I knew we could make it back for that meeting on Monday.”) Or perhaps you have some other excuse for staying close to home. (“That port engine acted up a few weeks ago, and we’re not quite sure we figured out why.”) And of course, that’s all okay.

New Boats Notebook - May 2014

New Boats Notebook

We tracked down the inside scoop on what boatbuilders are up to next.