Hot Topics Page 2

Megayachts — September 2004
By Diane M. Byrne

Down the Ways

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• Part 1: Hot Topics
• Down the Ways

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In June Palmer Johnson sold its Savannah shipyard to a group of local investors. The yard’s new name is Global Ship Systems. As Palmer Johnson’s management did, the new team intends to perform refit and service work on yachts, but Global Ship Systems also intends to compete for military contracts. Global Ship Systems is also letting Palmer Johnson remain as a tenant until it finishes the 120-foot-series fiberglass yachts it has under construction in the Georgia yard. ...Oceanfast delivered its second yacht of the year, Sea Bowld, in June. Measuring nearly 174 feet overall, the all-aluminum yacht (right) features exterior styling and interior design by Sam Sorgiovanni. ...A small group of VIPs saw a 155-footer hit the water at Christensen Shipyards in July. She features mahogany paneling and an elevator servicing all decks. While the yard has kept mum on the owner’s identity, it’s widely held in yachting circles that he’s none other than Tiger Woods.

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This article originally appeared in the August 2004 issue of Power & Motoryacht magazine.

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