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Trinity News

Discussion in 'Trinity Yacht' started by Yacht News, Oct 1, 2009.

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  1. Yacht News

    Yacht News YF News Editor

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    The Trinity Yachts megayacht "Glaze" has been sold! Built by Trinity as "Lady Michelle" in 2007 she entered the charter market with a flag blue hull she was sold a few years after and then became Glaze with a new candied bronze hull colour. Since then she has also been in the charter market and now she has been sold again. She was asking 17.9 million Euros. We shall see what her next incarnation will be.
  2. Yacht News

    Yacht News YF News Editor

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    She actually will be called "Just Cause".
  3. Yacht News

    Yacht News YF News Editor

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  4. Yacht News

    Yacht News YF News Editor

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    Anyone knows what happened with "Reem 1"? Was she delivered? She was probably for a Middle Eastern client.
  5. C4ENG

    C4ENG Senior Member

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    She should be leaving Mississippi in about 2 weeks for FT L where she will meet the Dockwise to be delivered to her new owner in Dubai.
    If all goes to plan, I should be there when that all happens and hopefully I can get some cool boat porn pics to post :D
  6. Yacht News

    Yacht News YF News Editor

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    Ahh Nice thanks for the heads up. Boat photos are always nice...
  7. Yacht News

    Yacht News YF News Editor

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    I'm confused. The 49-meter Trinity..."Maidelle" (ex."Meridian...") was sold to be renamed "La Dea II". Now the Icon "Maidelle" was sold and is now called Meridian... is there some connection there?
  8. K1W1

    K1W1 Senior Member

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    Looks like to me
  9. Yacht News

    Yacht News YF News Editor

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    Trinity 49M "Glaze" is on her final leg of her Atlantic crossing. She's heading to St. Maarten.
  10. Yacht News

    Yacht News YF News Editor

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    Trinity yacht "Expresso III" has now been renamed following her sale. New name is... "Chevy Toy", a name very familiar on quite a few past Trinity builds.
  11. German Yachting

    German Yachting Senior Member

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    Apparently Bacarella was seized and is now going to be auctioned off.
  12. discokachina

    discokachina Senior Member

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    Perhaps someone will get a good deal??!!

    ICAP.com | ICAP Auction Details

    As recently as January 2014 she was listed for €35,000,000 or $47,572,000 at current exchange rates.
  13. Lynnwoodjohn

    Lynnwoodjohn New Member

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    Oops

    Looks like someone hasn't been paying the bills. Looks like the crew areas where cleaned out. Sad.
  14. German Yachting

    German Yachting Senior Member

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    Indeed a sad state to see the yacht in.
  15. kkreicker1

    kkreicker1 Senior Member

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    The way that I look at it is, This could be one hell of a great deal.
  16. German Yachting

    German Yachting Senior Member

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    Or (close to) fair market value.
  17. German Yachting

    German Yachting Senior Member

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    Any news with the auction? It was to take place on March 11.
  18. C4ENG

    C4ENG Senior Member

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    Sources have told me the bank was unable to sell her at the auction.
  19. olderboater

    olderboater Senior Member

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    I suspect there was a rather large minimum bid required.
  20. German Yachting

    German Yachting Senior Member

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    Thanks for the info. I believe this has been discussed to some extent but how often to people finance mega yachts? I could see the rational of having less cash tied up so that you are more liquid for other investments, especially if they the owner is trying to leverage almost free money right now (not sure the going interest rate for a yacht from a well qualified individual). I feel that in bus situation the yacht was most likely repossessed because it was collateral in another situation which is probably more common but is it common at all to finance these mega yachts?