The Triton

Marinas and Shipyards

UK’s Oyster Yachts shuts down

ADVERTISEMENT

Oyster Yachts, a boat builder based in Southampton, UK, has gone into liquidation as of Feb. 5, according to a statement from company CEO David Tydeman.

Information from the company website has been replaced with a statement that reads, “It is with sincere regret that we advise that the company has been unable to secure financial support to enable it to continue at this time, and it is looking at all opportunities available. Further information will be issued as soon as we can.”

The company introduced the new Oyster 675 at the Düsseldorf boat show last year.

Online media sources report 400 job losses for the company overall. The company built yachts from 47 to 118 feet in length; larger yachts have been built in Southampton and smaller boats in Hoveton, Norwich, UK. Other affected company offices include the Oyster Service Centre in Palma, which opened in 2015, and offices in both Ipswich and Southampton in the UK, and in Newport, Rhode Island.

Related Articles

Former yacht captain, hydroplane racer, slows his speed with gondola tours

Former yacht captain, hydroplane racer, slows his speed with gondola tours

Capt. Roy Conklin runs about one hundred knots slower than he did when he raced boats and 15 knots slower than when captain on a 78-foot Marlow. About a year ago, the 77-year-old started running …

Christophe Harbour in St. Kitts hosts grand opening

Christophe Harbour in St. Kitts hosts grand opening

Christophe Harbour in St. Kitts is having its grand opening this weekend. The marina has space for yachts up to 300 feet and welcomed its first yacht in December. Capt. Scott Fratcher of the 90-foot …

YRM opens crane, davits shop

Fort Lauderdale-based YRM opened a 5,000-square-foot facility to house its expanding crane and davits division. The new shop will fabricate YRM’s Ocean Series of aluminum davits with lift …

Yachts rally resources for Hurricane Joaquin relief in the Bahamas

Yachts rally resources for Hurricane Joaquin relief in the Bahamas

UPDATED POST OCT. 31, 2015 By Lucy Chabot Reed and Dorie Cox Capt. Garry Schenck is surprised how much a few simple changes in his life have made a difference. His career is back on track, …

MB92 acquired by investment firm

MB92 acquired by investment firm

Barcelona shipyard MB92 has been acquired by a European investment firm. Squircle Capital, a European alternative investment firm focused on private equity and value-add real estate investments, …

Find solitude amid St. Lucia’s picturesque setting

Find solitude amid St. Lucia’s picturesque setting

Worth the trip Getting down to St. Lucia is a hike, especially in winter, because the weather can be rough. That’s 400 miles of open ocean. It definitely takes a captain who wants to go …

Comments