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19 March 2009 - Buyer for Stabbert's ex-research ship
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Stabbert Yacht and Ship (SYS) announces the sale of the 308ft Sahara to a European buyer. The yacht has a previous life as a NOAA Research Ship, and is currently undergoing a complete refit and conversion at SYS in Seattle. The vessel will be exported from the US and may benefit from a new export financing program that SYS say they are now offering to international buyers. Under the program, Stabbert is able to offer competitive financing for buyers by guaranteeing term financing to creditworthy international buyers for purchases of US vessels and refit/conversion services.
"The advantages to foreign buyers in the current economy are enormous." states CEO Dan Stabbert. "Market conditions present unique opportunities to buy seaworthy commercial vessels for conversion to exploration yachts, shadow boats, or for specialized missions such as oil research or security duties". Paul Madden adds, "At a time when conventional finance may be difficult to obtain, we can provide a financial package that enables foreign buyers to get on with their projects right now."
In 1945, Stabbert undertook their first vessel conversion, of a WWII minesweeper. They report that to date the company has completed over 30 vessel conversion projects in the commercial and yacht sectors of the industry. Stabbert Maritime Group have also recently completed a total refit of the 143ft Sterling motoryacht Devotion (the ex-Marjorie Morningstar), and also the 180ft Revelation (ex-Patagonia).
AT
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Stabbert Yacht and Ship - company profile | company website
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