Sevenstar Yacht Services acquires Dockwise Yacht Transport activities
Dutch yacht transport service Sevenstar Yacht Transport has acquired the activities of Dockwise Yacht Transport from Royal Boskalis Westminster N.V (Boskalis)…
Dutch yacht transport service Sevenstar Yacht Transport (SYT) has acquired the activities of Dockwise Yacht Transport (DYT) from Royal Boskalis Westminster N.V (Boskalis).
According to Sander Schuurman, marketing and communications for Sevenstar, SYT has taken over DYT from global maritime services and offshore specialist, Boskalis, as “Boskalis saw no strategic fit with its group's core business for its DYT division”.
Boskalis released a statement earlier this month saying: “Boskalis sold the DYT activities, including two dedicated semi-submersible yacht transport vessels (Super Servant 4 and Yacht Express), for a total consideration of USD 40 million. This divestment will not have a material impact on Boskalis’ earnings.” In April, Boskalis had announced that it had squeezed out remaining DYT shareholders in order to completely acquire the company.
Schuurman told SuperyachtNews.com that DYT would continue operating under the DYT name for the immediate future. "Sevenstar and DYT will remain to serve their own client base, operating in its specific market segments," he explained. "However, we will now be working together and exchanging clients that can be best served by either company. In addition to ‘lift-on, lift-off’ yacht transportation Sevenstar can now offer the ‘float-in, float-off’ yacht transport available from DYT, accommodating yachts over 52 meter and 640 tons.”
DYT’s use of the ‘float on/float off’ loading technique works by vessels being submerged into a ‘floating marina’ to allow for easy loading, and the carrier then carries out her dock operation, following which the yachts are then secured to the deck after it has dried.
“In the case of multi port calls where boats have to be picked up, or dropped off at multiple locations, ‘lift-on/lift-off’ execution prevails,” said Schuurman. “As partners, DYT and SYT can now offer the full service suite to customers. In addition to DYT’s regular line serve, Sevenstar’s worldwide network with over 500 port calls a year will become available to clients making use of the company owned fleet of over 120 vessels.”
According to Sander Schuurman, marketing and communications for Sevenstar, SYT has taken over DYT from global maritime services and offshore specialist, Boskalis, as “Boskalis saw no strategic fit with its group's core business for its DYT division”.
Boskalis released a statement earlier this month saying: “Boskalis sold the DYT activities, including two dedicated semi-submersible yacht transport vessels (Super Servant 4 and Yacht Express), for a total consideration of USD 40 million. This divestment will not have a material impact on Boskalis’ earnings.” In April, Boskalis had announced that it had squeezed out remaining DYT shareholders in order to completely acquire the company.
Semi-submersible vessel Super Servant 4 was part of
the acquisition of DTY's activities.
the acquisition of DTY's activities.
Schuurman told SuperyachtNews.com that DYT would continue operating under the DYT name for the immediate future. "Sevenstar and DYT will remain to serve their own client base, operating in its specific market segments," he explained. "However, we will now be working together and exchanging clients that can be best served by either company. In addition to ‘lift-on, lift-off’ yacht transportation Sevenstar can now offer the ‘float-in, float-off’ yacht transport available from DYT, accommodating yachts over 52 meter and 640 tons.”
DYT’s use of the ‘float on/float off’ loading technique works by vessels being submerged into a ‘floating marina’ to allow for easy loading, and the carrier then carries out her dock operation, following which the yachts are then secured to the deck after it has dried.
“In the case of multi port calls where boats have to be picked up, or dropped off at multiple locations, ‘lift-on/lift-off’ execution prevails,” said Schuurman. “As partners, DYT and SYT can now offer the full service suite to customers. In addition to DYT’s regular line serve, Sevenstar’s worldwide network with over 500 port calls a year will become available to clients making use of the company owned fleet of over 120 vessels.”
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Sevenstar Yacht Transport B.V.
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