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FYI: December 2002 Page 2

FYI - December 2002
FYI — December 2002
By Brad Dunn
   
 
 More of this Feature
• Part 1: Lone Sharking, On Shelves, and more
• Part 2: Suit Settled, and more

 Related Resources
• News/FYI Index

Trade Dress Suit Settled
The Hinckley Company and King Marine Imaging reached an out-of-court agreement with Belkov Yacht Company in September on a complaint that accused Belkov of building boats that look like Hinckleys.

Hinckley had warned several boatbuilders to stop manufacturing models that it felt looked too much like its Picnic Boat line (see photo). The company then filed a suit against eight builders and dealers, including Belkov, who it contended were violating “trade dress,” by trying to mimic the Hinckley style enough to confuse consumers.

Under the terms of the new agreement, Hinckley said it would dismiss the suit and Belkov said it would make certain design changes to the boats under question.

The other seven builders and dealers named in the original Hinckley suit include Alliance Marine, Annapolis Sail Yard, LazMar International, Monaco Marine Group, Wellfound Yachts, San Juan Composites, and Capitol Yacht Sales. The San Juan Composites suit was dismissed because of jurisdictional issues.

We Have a Winner!
Duane Clause of Wall, New Jersey, won the “Guess What It Cost to Fix the PMY Company Boat?” contest with a guess of $44,956. Clause (no relation to Santa) came within just $956 of the $44,000 repair bill. Congrats, Clause, your official PMY foul-weather jacket is in the mail. We’d also like to thank the large number of other entrants, especially Gerald Philbrick of Punta Gorda, Florida, and Joseph O’Connor of Mashpee, Massachusetts, who won the “‘Not Even in the Ballpark, Buddy’ Award.” Philbrick was only off by $43,145 (on the low end), and O’Connor guessed $711,000, definitely on the high end. Each will receive an official PMY abacus. Stay tuned for another PMY contest in the near future—hopefully not involving damage to a boat. —Capt. Patrick Sciacca

Slipping Ahead
Open boat slips have become a scarce commodity in Florida, due in part to the closure of several of the state’s marinas following the post-9/11 economic slowdown. But Tampa is one city that’s planning for the future.

Next year Tampa will launch major expansions of two marinas. The Marjorie Park Yacht Basin will get a $5-million upgrade, expanding its number of boat slips from 78 to 105, and adding up to 18 new transient slips. Bidding on the project will begin this month. The project, which is the larger of the two, also calls for deepening the basin to about 16 feet and increasing the marina’s fueling capacity.

Also slated for expansion is the Bayshore Marina, which currently has 36 slips. Though the size of the project hasn’t been decided, bidding will begin in April.

Riviera Is Sold
Australian boatbuilder The Rivera Group recently announced a $180 million-buyout by existing management with the assistance of the Australian private equity lender Gresham Private Equity. Riviera’s founder, Bill Barry-Cotter, will remain onboard as a consultant over the next five years. Managing director Wesley Moxey says the company will continue with “business as usual, but with a broader depth of ownership and ongoing, unwavering commitment to producing the world’s best luxury cruiser range.” —Elizabeth Ginns

Previous page > Lone Sharking, and more > Page 1, 2

This article originally appeared in the January 2003 issue of Power & Motoryacht magazine.

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