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















2014 J/111 World Championship - Bigger breeze arrives on day 2! by Stuart Johnstone, Cowes, Isle of Wight




























Audi Melges 20 U.S. Nationals - Oleander takes early lead by International Audi Melges 20 Class Association,






2014 Detroit Cup - Sam Gilmour leads by Dobbs Davis, Detroit, Michigan








Audi Hamilton Island Race Week: Riding the AC45 - VIDEO by Crosbie Lorimer, Hamilton Island










America's Cup: Five Challengers sign-on for 35th Match
Volvo Ocean Race CEO Knut Frostad talks Time and Money (Part II) *Feature
America’s Cup - British Challenge accepted by Golden Gate Yacht Club
Volvo Ocean Race - It’s been emotional, but it’s time to move on
Cork OCR - Sail Canada Senior Nationals wrap up
J/111 World Championships - British Teams take early lead on day 1
Round Britain and Ireland Race - Jellyfish stings British Soldier
International Cadet World Championship – Day 4 at Weymouth, England
Nanjing Youth Olympic Games - Light wind plagues Lake Jinniu
2014 Formula Kite World Championships - Bridges strike back on day 2
AWT Quatro Desert Showdown at Punta San Carlos
SAP 505 World Championship - Holt and Woelfel on top
2014 IFDS Disabled Sailing World Championship - Day 2
Audi Hamilton Island Race Week; MC38s Lindeman Island Race VIDEO
2014 Audi Melges 20 U.S. National Championship - Ready to rock
IFDS Worlds - Wind delays, but racing continues in Halifax
IFDS World Championships - Day 2 images by Jude Robertson
MS Cup - Three days until the start
America's Cup: Rod Davis - Time for a change after ten years with team *Feature
ISAF seeking hosting bids for Nations Cup
Laser 4.7 Youth Worlds - Luvisetto and Alexadr Boite victorious +Video   
IFDS World Championships - Action shots by Tim Wilkes   
Maxi yacht rendezvous this September in Sardinia   
World Yacht Racing Forum 2014: 'Growing the business of Yacht Racing'   
Clipper Race: 2015-16 edition of world's longest ocean race 70% full   
Sevenstar Round Britain and Ireland - Swish smash 5th World Record   
Leaderboards take shape at the Nanjing Youth Olympic Games 2014   
IFDS Worlds - Hot competition on first day of racing   
Challenging Conditions - CORK OCR   
IFDS World Championship - Day 1 for the US Sailing Team   
2014 Melges 20 World Championship - Countdown begins   
2014 Nanjing Youth Olympic Games - Day 3   
America's Cup: Team NZ wish Davis well with new team *Feature   
Fisher's View: Sailing perfection at Hamilton Island- Day 3   
Roble and Wilson still number one match racers in the U.S.   
2014 Formula Kite World Championship Day 1   
IFDS World Championship - Day 1 images by Jude Robertson   
Volvo Ocean Race: Forget the f-word - Team SCA profiled   
52 Super Series - Fleet grows, 2015 dates revealed   
420 and 470 Junior Europeans - Teams from 9 nations on the podium   


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 WAS US
LocalAds   DE  ES  FR  IT