sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : Seawind Group Holdings released out of Voluntary Administration
Seawind Group Holdings released out of Voluntary Administration

'New Seawind 1160 built in Vietnam that was launched on Botany Bay'    Seawind Catamarans

The holding company of Seawind Catamarans and Corsair Marine, Seawind Group Holdings Pty Ltd, was released out of Voluntary Administration on October 9th 2012 by the Administrators, BRI Ferrier.

As a result, the company is pleased to be back to business and fully operational.


Thanks to the support from Seawind's long established suppliers and creditors, the Administrators brokered an agreement to allow the company to move forward without any external administration and get back to building the award winning range of cruising catamarans that the company are renowned for around the world.

This course of action was recommended by BRI Ferrier after a formal assessment of Seawind's financial position.

Seawind's Managing Director, Richard Ward, comments, 'This year has been the most challenging in the 30 years I have been in business, however I have been humbled by the support of our suppliers and would like to offer my thanks to give Seawind this opportunity to move forward and focus on the next 30 years of building great multihulls.'

The net result of the administration process will see a restructure of the manufacturing operations with the closure of the Australian production facility located in Wollongong.

This is a sad outcome for Seawind after 30 years of continuous Australian production but the Directors of the company feel that there was little other option. Regrettably, high manufacturing costs and the continuing strong Australian dollar have meant the Australian built catamarans have become uncompetitive against the many imported models.

Following the completion of the last three Seawind 1250's on order, one of which has just been launched and delivered to a delighted new owner, future production of the Seawind 1250 will likely move to the Seawind / Corsair Marine facility in Vietnam, where the Seawind 1000XL2 and Seawind 1160 are already being built alongside the range of high performance Corsair trimarans and the magnificent Corsair 50ft catamaran.

Corsair Marine, originally based in California, USA, has been established for over 25 years, with the last six years of production in Vietnam.

Since moving production to the Corsair Marine factory, several boats have already been shipped to Australia and launched including Seawind 1000XL2's and Seawind 1160's, with many more on order scheduled to soon ship to Australia, the USA and Dubai.

An imported Seawind 1160 arrived by ship and launched just this week from Botany Bay's shipping terminal in Sydney.

Seawind Catamarans will continue to offer after sales service and warranty support for future and existing Seawind owners in Australia and around the world, either directly from Seawind itself or through the Multihull Central company whose headquarters are in the purpose built multihull marina of Rozelle Bay, Sydney Harbour.

This year Seawind celebrates 30 years of manufacturing catamarans and this restructure has now positioned the company to be more competitive in a global market and expand into export markets not before accessible due to the high Australian dollar and high costs of manufacturing in Australia. The company remains 100% Australian owned.

Seawind will be attending the Mandurah boat show in Perth this weekend and the 14th annual Seawind Pittwater Regatta will be on again at the end of the month.

Seawind Catamarans website


by Brent Vaughan

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=102772

5:16 AM Wed 10 Oct 2012GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.







News - USA and the World

Belcher and Ryan lead from the start in Hyeres by Rob Kothe and the Sail-World Team,












































America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature by Richard Gladwell Sail-World.com/nz,




Rolex China Sea Race 2014 - nip and tuck for IRC honours by RHKYC and Guy Nowell, Sail-World Asia, Hong Kong


















Alpari World Match Racing Tour: Can Williams surpass Gilmour's record?
Coastal Cup sets sail from Alameda June 11
PWA Cold Hawaii World Cup - Massive support from the local community
Les Voiles de St. Barth - Weather factors in + Video
HUD Vision: An interview with Afterguard Marine’s Alex Moret *Feature
ISAF Sailing World Cup Hyeres - US Sailing Team ready for action
Volvo Ocean Race - Dongfeng Race Team first official qualifier
Springtime boat buyers need to take care of a few key things
ISAF Match Race Rankings for 16 April 2014
ISAF Sailing World Cup Hyeres – World’s best to race on French Riviera
Rolex China Sea Race – Fleet off to a clean start
America's Cup: Expected de Ridder penalty should be reduced *Feature
World Youth Sailing Week – Second edition officially presented + Video
Rolex China Sea Race - Sailing classic returns
Les Voiles de St Barth – Fired up for battle
CNN Mainsail Down Under for the 75th JJ Giltinan Trophy - 18ft skiffs
Volvo Ocean Race: North Sails on outfitting the Volvo 65
Image gallery: James Cook High's Royal encounter on Steinlager 2 *Feature
Volvo Ocean Race - Maersk Line named shipping partner
Congressional Cup - Victory for Taylor Canfield and crew
SSV Oliver Hazard Perry joins America's Tall Ship fleet + Video   
2014 Halifax – Saint-Pierre Ocean Race   
Oyster Regatta Antigua - Glorious conditions prevail on final day   
WWA Pro Card Qualifier - Pro Cards earned at Freedom Wake Park   
Christmas Caribbean Rally - Top class sailors to compete   
Earth Day boater tips   
Anna Tunnicliffe - from CrossFit to Extreme 40's   
Charleston Race Week - Photos by Chris Howell   
Image Gallery: Stratis SL33 flies on the Waitemata   
Audi Melges 20- Sperry Topsider Charleston Race Week - Light final day   
Clipper Round the World Yacht Race - PSP Logistics prepares for USA   
ISAF Sailing World Cup Hyères - Crème of the crop to compete   
Congressional Cup: Luna Rossa makes podium in first event   
Int 14 World Championships 2015 launch new event website   
International Optimist Regatta Clinic and Team Race - Register now!   
Congressional Cup: World top rankers finish that way in Long Beach   
Sperry Top-Sider Charleston Race Week Day 3 finale   
America's Cup: Gino Morrelli outlines the new AC62 design   
Doyle Sails New Zealand signs Andrew Brown as One Design Manager   
America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess *Feature   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
X6XL NEW US