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













































International Moth Worlds: Rashley ahead as Aussies close in by Mark Jardine / YachtsandYachting.com,




















International Moth Worlds - Mothballed on day 4 + Video by Mark Jardine / YachtsandYachting.com,


Spirits high as Team Alvimedica completes Transatlantic crossing
Gladwell's Line: A change of direction needed in the America's Cup *Feature
29er North American Championship - Day 1 in Kingston
Red Bull 49erFX: First look at the Olympic sailing venue at Rio
Fuerteventura Kiteboarding Grand Slam - Classic conditions on day 3
NYYC Race Week Part II images by Rolex/Daniel Forster
Drowning or electric shock? What you need to know to help save a life
BIC Techno 293 Worlds 2014 - Day 1
Six Metre European Championship - Blazing sunshine on opening day
National Sailing Hall of Fame to present Lifetime Achievement Award
International Moth Worlds: Greenhalgh and Rashley tied at the top
PWA Pozo World Cup - Fantastic finale determines winners
Six Metre Class British Open Championship - Llanoria and Valhalla win
Anna Tunnicliffe set to compete at the CrossFit Games
America's Cup: Oracle Team USA holds foiling camp at Wangi SC
Volvo Ocean Race: Abu Dhabi OR completes double Atlantic crossing
Volvo Ocean Race: Team SCA has a 'pull through day' off the Canaries
No tiller sailing - how to steer using just the sails + Video
International Moth Worlds: Three bullets in a row for Greenhalgh
U.S. Junior Women’s Singlehanded Championship - Sophia Reineke wins
BIC Techno 293 Worlds 2014 - Day 0 Opening   
Fuerteventura World Cup - Slalom action highlights day 2   
2014 Governor's Cup - Sam Gilmour of RFBYC victorious again   
Farr 40 West Coast Champ - Skipper Alberto Rossi leads Enfant Terrible   
Flying Dutchman World Championships - Magyars are the Masters   
Final day shakes up standings at Cape Panwa Hotel Phuket Raceweek   
2014 -15 Volvo Ocean Race: Team Alvimedica pushing towards Southampton   
NYYC Race Week - Saving the best for last   
VX One North American Championship - Chris Alexander commands   
2014 Cape Panwa Hotel Phuket Raceweek - Waiting game on Day 3   
International Moth Worlds: Thunderstorms delay racing on Day 1   
Fuerteventura World Cup - Impressive tricks on day 1   
2014 Governor's Cup - Two former winners in the finals   
America's Cup: Iain Murray explains reasons for Australian withdrawal *Feature   
Wilson and Roble remain number one match racers in U.S.   
2014 ISAF Youth Match Racing World Championship - Set to start   
PWA Pozo World Cup - Moreno twins dominate home spot   
ISAF Youth Worlds - Record breaking regatta in Tavira + Video   
Melges 32 European Championship - Robertissima remains out front   
Farr 40 West Coast Championship - Italians take one-point lead   


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