sail-world.com
 
 
News Home Cruising Photo Gallery Video 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



























Starboard Hatteras Wave Jam day 5 by American Windsurfing Tour,


















470 Men and Women Worlds - Champions decided in Santander by International 470 Class Association,






















Royal Cup Marina Ibiza - No racing on penultimate day
Belcher takes record fifth 470 World Championship
ISAF Sailing World Championships - Santander - Day 8 video highlights
2014 Great Lakes Team Racing Championship about to set off
2014 Etchells North American Championship - Day 1
2014 U.S. Multihull Championship - Day 1
2014 Chicago Match Cup - Repechage top four determined in final flight
J/24 World Championship - 35th anniversary preview
470 Men and Women Worlds - Santander medal race line-up confirmed
ISAF Sailing Worlds, Santander - Day 8 images by Sail-World.com
Royal Cup Marina Ibiza - Quantum Racing stumbles in coastal race
ISAF Sailing Worlds, Santander - Americans ready for 470 medal races
ISAF Sailing Worlds, Santander: Action ramps up with end zone in sight
Big Boat Series - It's not the size, it's the length
ISAF Sailing World Championships Santander - Double French RS:X gold
ISAF Sailing Worlds, Santander - Day 8 images by Sailing Energy
ISAF Sailing Worlds - Finn leaders emerge from shifty Santander breeze
ISAF Sailing Worlds, Santander - RS:X winner images by Barbara Sanchez
ISAF Sailing Worlds, Santander - Rio 2016 470 spots awarded
52 Super Series 2015 - Outlook looks hot for the 52 Super Series
Starboard Hatteras Wave Jam - Another early start on day 4   
ISAF Sailing World - First entry leaves sailor's reputation in tatters   
2014 Chicago Match Cup - Four go through to quarter finals   
470 Men and Women Worlds - Champs take over leaderboard   
ISAF Sailing World Champ - Buckingham finishes with career-best result   
America's Cup: Oracle's Larry Ellison to step down as CEO   
Classic Yacht Regatta - Sonny takes top classic prize   
ISAF Sailing Worlds, Santander - Buckingham finishes with career best   
ISAF Sailing Worlds, Santander - Rio 2016 RS:X spots claimed   
ISAF Sailing Worlds - Leaderboards shaping up in Santander + Video   
ISAF Sailing Worlds, Santander - Giles Scott continues to extend lead   
ISAF Sailing Worlds, Santander - Day 7 images by Sailing Energy   
ISAF Sailing Worlds - Laser and Radial winner images by Jesus Renedo   
ISAF Sailing Worlds, Santander - Medal Race images by Sail-World.com   
ISAF Sailing Worlds - Dutch dominate Laser and Radial in Santander   
Royal Cup Marina Ibiza - Quantum Racing more than doubles overall lead   
J/24 World Championship - Excitement builds for Newport racing   
Volvo Ocean Race - Seb Marsset joins Team Alvimedica   
Fall Seamanship training opportunities at New York Yacht Club   
Rolex Big Boat Series: More images from San Francisco - Final Day   


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.
XLXL NEW US
LocalAds   DE  ES  FR  IT