Sevenstar buys rival Dockwise Yacht Transport
AMSTERDAM _ Sevenstar Yacht Transport BV has acquired rival Dockwise Yacht Transport from maritime services company Royal Boskalis Westminster N.V. for a reported $40 million (€29.3 million). Dockwise is a valuable addition. Importatntly, it gives Sevenstar 2 massive ‘float-on, float-off’ (super) yacht transport vessels.
DYT’s core business is the transatlantic ferrying of luxury yachts between Florida, the Caribbean and the Mediterranean. “We are happy to have DYT on board and benefit from its qualified staff and high end yacht transport expertise to meet our clients’ needs,” says Richard Klabbers, managing director of Sevenstar Yacht Transport (SYT).
Amsterdam-based Sevenstar, founded in 1985, is the world’s largest yacht transporter. In 2012, it transported 1,400 or so yachts around the world, up from 300 in 2004. Sevenstar says 70% of the boats it ships are motor yachts, against 30% sailing yachts. The company uses 20 cargo ships but can access in total a fleet of 120+ carriers.
The purchase of Dockwise “is primarily about added value for our customers. It gives them more choice,” says Sevenstar Yacht Transport spokeswomen Carla Domburg. Sevenstar can ship craft of up to 72 meters but sees a need for bigger capacity carriers in the future. From Dockwise it is acquiring 2 semi-submersible yacht transport vessels _ measuring 160×32 meters.