Fall 2015
TALE OF TWO
TRAWLERS
10 TIPS
Sizing up the Buying Experience
For Cruising the Caribbean Islands
Women at the Helm
THE RETIREE NEXT DOOR
SheWORTHY
Krogen 48’ North Sea Tusen Takk II at Petit Piton in St. Lucia
In This Issue: Tale of Two Trawlers: Sizing Up the Buying Experience . ............................................................................................... 2 Dear Owners & Enthusiasts .......................................................................................................... 7 Ten Tips - Cruising the Caribbean ............................................................................................... 8 Jenny’s Watch . .................................................................................................................................11 Don’t Lose Sight of the (Brokerage) Goal .................................................................................11 In The News .................................................................................................................................... 13 The Retiree Next Door . ................................................................................................................ 14 10th Annual Photo Contest ......................................................................................................... 17 Navigating an Active Retirement ................................................................................................ 18 Sheworthy: Women at the Helm . ............................................................................................... 19 Welcome New Owners . ................................................................................................................ 21 Brokerage Listings . ....................................................................................................................... 22 Upcoming Events . .........................................................................................................Back Cover
Check out these and other items online for ordering information, or call us at
store.kadeykrogen.com
772-286-0171.
Key Ring - $10.00 Tote Bag - $55.00
Men’s & Ladies’ LL Bean Fleece apparel starting at $70.00 Men’s & Ladies’ Flip-Flops - $48.00 Dog Collar - $25.00 • Belt - $40.00
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Tale of Two Trawlers Sizing Up The Buying E xperience
By Cece
Marrying in 1978 and buying their first boat the following year (a Chris Craft Scorpion), the Cookes loved Minnesota lake life—despite the short boating season! The following year, selling the Scorpion, they bought a slightly larger Bertram 28’ Flybridge Cruiser with more practical accommodations, but ultimately sold that boat quickly as well when work took them away from the water. It wasn’t until moving to Colorado and purchasing a ski boat 15 years later that the couple returned to a small local reservoir to nourish their need for time on the water. And they
Cooke, Krogen 52’ “Sea Sea”
haven’t stopped since. Most recently, the couple has enjoyed repeated charter adventures, a Tiara 4200 Open, and now a brand-new, beautiful Krogen 52’ named “Sea Sea”. However, getting to their KadeyKrogen came with a detour, an experience they hoped they would never have to share. In her own words, read Cece Cooke’s account of purchasing their dream trawler twice…different builders with entirely different outcomes in terms of service and value. 2
Hooked. After we chartered the same 42’ trawler three times in three years (1996, 1997 and 1998—each consecutive charter a little longer and navigating a little further on our own), we realized that a ski boat on a small reservoir simply wouldn’t “cut it” for us anymore. We sold our ski boat and prepared for our next adventure in life—on a bigger boat and on bigger water. In fact, in June of 2006, I retired from teaching elementary school after 30 years. Woo-hoo! Plus, my husband was undertaking a huge remodeling project at our third hotel and life was good. We celebrated by purchasing a Tiara 4200 Open and took delivery at the factory in Holland, Michigan. Our first trip out of the harbor was 125 nautical miles up and across Lake Michigan to a Tiara Rendezvous in Sturgeon Bay, Wisconsin. We were a day late getting there due to mechanical issues, so most participants had already arrived. I thought they were being very kind rushing over to help us dock our boat, but in reality, they were just protecting their own boats! Handling twin 715 horse-power engines was much different than operating our little ski boat on a very small reservoir. People noticed that our homeport printed on the transom was a small town in Colorado, so they naturally wanted to know where we planned to keep the boat. We told them no place in particular, as we planned to do the Great Loop. With puzzled faces staring back at us, we were amazed by how few were familiar with the trip that involves circumnavigating the eastern half of the United States.
Eastern North American circumnavigation, “The Great Loop”
I explained how we were going to go up to the Canadian border at Sault Ste. Marie, and then head back down to Chicago taking the Illinois River to the Mississippi, to the Ohio, and then navigate the Tennessee River to Chattanooga, before turning for the next leg. From the Tennessee Tombigbee Waterway, we’d make it to Mobile, to Key West, and then up the East Coast and through the Chesapeake Bay, and out to the Atlantic Ocean to New York City, and from there, go up the Hudson River through the Erie Canal, across to the Trent Severn, and finally back to St. Ignatious, Michigan, where the Tiara Rendezvous was to be held the following year. When I explained all of this, I’m pretty sure most of those listening thought we’d sink before even getting to Chicago! Well, a year and three days later, we arrived at the planned rendezvous after having traveled 6,700 miles, never touching the bottom, nor putting a scratch on the boat. 3
While navigating the Great Loop, we put 500 hours on those big Cummins engines, so the factory asked if they could send a technician out to examine them. The technician hooked up his computer and determined that of the 500 hours, we had put on 100 hours at idle (in and out of marinas, riding up and down locks and traversing no-wake zones), 150 hours at cruise (25-knots, burning 42 gallons per hour) and 250 hours at 900 rpm—which worked out to be between eight and nine knots. We weren’t surprised at the idle hours, but by the number of hours at normal cruise (25 knots) and the number of hours at the slower cruising speeds. On days when we didn’t have long distances to travel, we went slow and smelled the roses. In hindsight, those were our most relaxing days.
was I allowed to log onto the owner’s blog site. No one was allowed to view this blog except those who already owned a boat built by this company or had one under contract, which gave everyone a chance to vent on issues without impacting the value of their boats. We learned a lot about the pluses and minuses of this company’s products based on the discussions shared on this blog. As our boat plans progressed and we were a couple of months away from the molding, we wanted to meet with our project manager to discuss things that we could change to avoid the consistent problems other owners had noted on the blog. For example, the builder was having trouble with their Chinese gelcoat product yellowing, and we wanted to explore the possibility of using Cook gelcoat (coincidentally the product used on all current Kadey-Krogens for the past 15 years). I called the manufacturer and asked for a meeting so we could discuss gelcoat and about 20 other issues.
A Trawler It Is! At that point, we were sold on the idea of getting a trawler, so we entered into a contract with a trawler manufacturer (not Kadey-Krogen Yachts) to build us a 55’ boat. Once I signed the contract, only then
In response to my request for a meeting, the company referred to our contract, particularly the following statement, “Buyer agrees to route all postcontract communication, including change orders with Seller, through his [manufacturer’s name] sales representative.” So, we called our salesman and asked him to arrange the meeting for us. The meeting couldn’t be scheduled for 45 days! My husband and I flew to California the day before the meeting and met our salesman at 8 a.m. sharp. Finally, at 11a.m., we met with the project manager. He gave us 30 minutes of his time and we managed to discuss four or five of our issues, at which time he said he had to go! Floored, it was not a happy moment for us. When the recession hit the following year and our two lead banks failed, taking delivery of the boat became impossible. We forfeited a very large deposit, but later decided it hadn’t been the right boat for us anyway.
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Second Shot.
Seattle for a boat show. We jumped at the chance. In the fall of 2013, we decided to order a Krogen 52’. The boat met every single one of our major requirements. A dedicated office space, check. Washer and dryer, check. Covered aft deck, boat deck large enough for a substantial dinghy, a flybridge, a comfortable pilothouse, two heads, two staterooms, a Portuguese bridge with wing stations, and finally, a standup engine room with twin engines—nine more checks! We began discussions with Dennis, Larry Polster (Kadey-Krogen Yachts partner) and one of Larry’s partners, Tom Button (president and manager of construction for the company). We signed our contract in May of 2014.
While struggling through the recession, we spent some time thinking happy thoughts about what would be our next boat. We didn’t want to go through the same experience we just had, so we took our time deciding. During our Great Loop adventure we had met Dennis Lawrence briefly when he was a salesman with Nordhavn. When we decided to give Kadey-Krogen a look, I contacted Dennis and learned that he had long since moved to Seattle to open a Kadey-Krogen Yachts office. We liked Dennis from the beginning. Dennis went out of his way to get us rides on multiple Krogens. He was proud of the way they handled and wanted to show them off, a very different experience from round one. Before we placed our previous order, we managed with great difficulty to get a ride on the model we planned to have built. When we did, it was almost a deal-breaker for me because I was so sea sick. But based on the builder’s reputation, we went ahead and ordered the boat anyway.
After signing the contract, instead of waiting 45 days for a 30-minute meeting with a project manager, we almost immediately had a full-day meeting with Tom, Dave Glasco (Kadey-Krogen Yachts’ in-house naval architect), and Dennis. We covered what seemed like a thousand issues, many of which brought up by them, to make sure we ended up with the boat we would love. No issue was too small or too large! What an invigorating experience. We left the meeting that day convinced, that to people at Kadey-Krogen, our happiness was a priority.
The first sea trial Dennis got us on was taking a brokerage Krogen 44’ from Anacortes, Washington to Seattle. The seas were lumpy, but it was a great trip in many ways. We were most impressed by how one could hand-steer the boat as it seemed to track like it was on rails. Later, we chartered Mike Warren’s Krogen 52’, “Suite Judy”, for four days in the Chesapeake Bay, hoping it would give us an opportunity to see how that model would perform in lumpy conditions. Unfortunately, the water was dead calm the whole time! Darn! Dennis then invited us to meet him at Vancouver Island, where he was picking up a customer’s Krogen 52’ to bring her back to
During the construction process, Tom made 10 suggestions for items that would further improve our enjoyment of the boat—and for each suggestion, we made the change. He and Dave tried very hard to make the whole process easy for us, and my husband talked with Tom at least once a week during the build process. If he was bothering him, Tom sure hid it well.
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Cece’s Krogen 52’–“Sea Sea”
commissioned). Furthermore, he contacted our dinghy supplier, carpet supplier, and our custom mattress manufacturer, and he scheduled our interior designer to take final measurements and install their products! It was clear to us that Gregg’s intent was to finish all work as soon as possible and as perfectly as possible so we could go boating. I’m convinced that because of Gregg’s attitude, we were boating at least three months sooner than if we had taken delivery of the other boat.
Blown Away. Why were we so blown away? To further quote the contract from our previous experience, “Any postcontract changes that require revision of existing architectural, electrical or engineering drawings by Seller shall be billed to Buyer at $225 per hour. Project manager research, engineering, construction supervision or materials management resulting from changes shall be billed to Buyer at $100 per hour.” We probably had at least 100 hours of Tom’s time and perhaps 50 of Dave’s time. We even asked Dave if he could deliver us the dimensions of the hull from above, so we could have our dock builder place the pilings correctly for the Slidemoor system we had installed. Plans came from Dave before the close of business that day. Total cost for all of this service… nothing!
Lastly, nothing irritates my husband and me more than a la carte pricing. With my husband’s hotel background, it upsets us to walk into a hotel room and find a bottle of water, which we know costs the hotel less than 25 cents, and they charge $6! Success comes from delivering service and not nitpicking the process. The entire process of purchasing, designing and building our boat with Kadey-Krogen Yachts was at a service level I would expect at a Four Seasons or a Ritz-Carleton hotel. And, our experience has not stopped since we left with our boat.
Our boat landed in Charleston on March 27, 2015. We were invited along on the delivery of the vessel to Stuart where it was commissioned, but prior commitments prevented us from joining Gregg Gandy and his other captains for the trip.
I point out these differences not to denigrate the other manufacturer, but to demonstrate the great value in purchasing and building a Kadey-Krogen yacht.
Upon arrival in Stuart, Gregg arranged for “Sea Sea” to be cleaned, the commissioning and inspection of all systems commenced, and he contacted the electronics installer and told them they could start the following Monday (while the boat was still being
Cece Cooke
Respectfully submitted,
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From the PILOTHOUSE
Dear Owners and Enthusiasts, Moving, by definition, is “producing or transferring motion or action” and there certainly was a lot of moving within the Kadey-Krogen Yachts family this spring and summer. First, there was “moving” into a new home. As a company, we moved into our fourth corporate office in May, located at New England Boat Works in Portsmouth, Rhode Island—a tremendous New England yachting destination. Tucker West, KadeyKrogen Yachts partner and vice president of sales, is managing this expansion effort and outpost. Portsmouth joins the Annapolis, Maryland office (where I am based), the Stuart, Florida office (where my other partner, Tom Button is based) and Seattle, Washington (where 30-year industry veteran Dennis Lawrence runs the show). We have no dealers, only professionals equipped to help you look for a new Kadey-Krogen yacht or one that has been previously enjoyed. Said another way, we are the source to help fulfill your cruising dreams.
Expedition “Choisi” completing her year-long journey from Alaska to Maine via the Panama Canal—all while her owners “home” schooled their two girls. What an educational experience for those young ladies! And, speaking of the Canal, Krogen 54’ “Oasis”, Krogen 48’ North Sea “Adventurous Ohana”, and Krogen 58’ “Reel Dreams”, all made their way westward through the Panama Canal (which actually runs North and South) as well. Look for updates on these adventures online and in the next issue of Waypoints. Then there are those that headed south along the East Coast of the United States last fall, and just kept on going! Krogen 39’ “Bodacious”, Krogen 42’ “Partners”, Krogen 48’ North Sea “Sylken Seas”, and Krogen 58s “Anne Louise” and “Seamantha”, caught up with Krogen 48’ North Sea “Tusen Takk II” deep in the Caribbean. In fact, Tusen Takk II left Savannah, Georgia for the Caribbean 10 years ago—and in this issue, they share their top tips for cruising those beautiful islands. Who knows how long the others will be out cruising! Whether your dream is to travel from Alaska to Maine like “Choisi”, the Intracoastal Waterway, around the world, or deep into the Caribbean, our staff at one of our four Kadey-Krogen Yachts offices is standing by to assist.
There’s also been a lot of movement of Kadey-Krogens, both near and far, with two notable trips now taking place in cooler climates. Post-Atlantic crossing, Krogen 42’ “Dauntless” continues her travels through Northern Europe via the English Channel and the North and Baltic Seas. While Krogen 48’ North Sea “Alizann” cruises Newfoundland and Labrador, Canada.
Fair Winds,
Meanwhile, other adventures in more moderate climates included Krogen 55’
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Tips 0 1 Cruising the Caribbean By Chuck & Barb Shipley, Tusen Takk II
Chuck and Barb Shipley, formerly of Richmond Hill, Georgia — just south of Savannah, hope more trawlers continue to make the Caribbean Islands a part of their cruising plans. A decade ago, Tusen Takk II, the Shipley’s Krogen 48’ North Sea, was a trawler among many sail boats. Today, more Krogens and power boats of many kinds join them in the epic adventure. Barb retired in 2004 and while she waited for Chuck to “get free” a year later, she became a captain and earned a 50-ton master’s license. They sold their home and cars 10 years ago and are happily living aboard their yacht, taking National Geographic-quality pictures (this issue’s cover photo courtesy of Chuck), and cruising where they will. Below, in Q & A format, the Shipley’s dish their sage advice. More can be found on their blog at http://tusentakk2.com/wordpress/. 8
If you don’t have a home address, how and where do you receive mail? When we retired and sold everything in Georgia, we changed our residence to a mailing service in Florida. This not only solved the problem of having a place for our mail to be sent, but also freed us from state income tax and yearly property tax on our trawler. The service forwards mail on request and also scans the outside of envelopes/packages so you can view them when you have an Internet connection. If you want to see the contents of an envelope, it is available for viewing and printing the next day. And, when guests come to visit, we have our mail sent to them before they depart so they can bring it with them.
How do you provision? At local markets? What do you look for in regard to food safety? On many of the islands, there are surprisingly great supermarkets. We usually get our fresh fruits and vegetables from local markets, as do most of our cruising acquaintances. We wash fruits and vegetables thoroughly when we return to the boat, and doing so, we’ve never had stomach problems. Nor have we ever had concerns after buying prepared foods at local restaurants or from street vendors. In general, it is unnecessary to pack large amounts of food from home. Many first-time cruisers pack way too many canned goods and extras. If you don’t eat it at home, you probably won’t eat it on the boat. Plus, it’s more fun to try local foods and cook with local products and recipes.
What planning is involved when having two couples (or more) stay on board? We have had guests a number of times and have thoroughly enjoyed the experiences. Our Krogen 48’ is quite commodious as our guests have their own bedroom (stateroom) and their own shower and bathroom (head). One has to be careful about making commitments to be somewhere on a specific date to pick-up or drop-off people, but Barb and I have always avoided problems by building in a cushion in the timeline. You certainly don’t want to get into a situation where you feel obligated to travel when the weather conditions would suggest otherwise.
Is it best to have cash, credit cards, or traveler’s checks? Or, a combination of all? Thankfully, ATMs are widely available. We use them almost exclusively as a source of cash (in the currency accepted on that island). However, please note, many banks charge fees to withdraw cash from an ATM not affiliated with their bank; we skirt around those fees by using a VISA card tied to our Schwab account that refunds any fees applied. We pay by credit card for groceries at the larger stores, and also for marine supplies, bottom painting, etc. We haven’t used traveler’s checks in years, and we don’t know of any cruisers who still use them.
If you and your cruising partner enjoy guests on land, chances are you will enjoy your guests on the water! If a short visit is all you enjoy with friends and family at your house, you will want to tactfully ensure that their visit on board will be of similar duration.
When choosing credit cards, we recommend that you shop around. Additionally, many cards charge a three percent to five percent fee for foreign transactions.
Do you have a medical kit stocked with non-prescription and prescriptionstrength medicines? We do have such a kit! Most of its contents are common sense, but it also includes some prescription painkillers and antibiotics—some for “above the waist” and some for “below the waist”. It is amazingly easy and cheap to buy prescription-type drugs in the Caribbean, but not the French islands because their standards are similar to those in the U.S. We also have a copy of the book, “A Comprehensive Guide to Marine Medicine”, by Weiss and Jacobs, for quick reference.
When traveling in the Caribbean, is there a language barrier? In the eastern region of the Caribbean, a few islands are French. Not just French-speaking, but have all the privileges and responsibilities thereto appertaining (such as the right to vote in national elections). Barb and I don’t speak more than a few words of French, but have always managed to get by—either because we dealt with multi-lingual locals or because we are sufficiently adept with gesturing! And, the delicious French food makes
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What mechanical services, if any, can you find while cruising? We expect to do most lighter maintenance and repairs ourselves. Some islands have excellent mechanical services, while others have virtually none. Some particularly good places for services are Puerto Rico, St. Martin, Martinique, Curacao and Trinidad—and to a lesser extent, St. Lucia and Grenada.
the effort well worth it. The rest of the eastern Caribbean islands are former English or Dutch territories, and English is the predominant language. The Dominican Republic is Spanish-speaking, but we got by just fine speaking English. All of South America (except Brazil, of course) and Central America are Spanish-speaking; though we have met folks who can’t speak a word of Spanish who said they experienced no problems making themselves understood.
Based on your experiences, what would you do differently?
Off the northern coast of Venezuela are the ABCs (Aruba, Bonaire and Curacao). Their official language is Dutch (and Papiamento), but English is widely spoken and we had no trouble communicating.
• Start earlier (when we were younger)! • Equip the vessel with a pair of flopper stoppers and appropriate arms (for at-anchor stabilization) before leaving the United States. • We wish we had a less energy-consuming refrigerator. However, we love its size and the ability to keep, say, ice cream, in the freezer. This makes us immensely popular with our friends on sail boats with small inefficient refrigerators.
Is there a book or another resource that rates and ranks Caribbean marinas? We don’t use marinas much, as we mostly anchorout. However, we occasionally pop into one briefly, just to equalize our batteries. But in Trinidad, where we spend the active hurricane months, we do stay at marinas because there are no decent anchorages for large trawlers. Also, we’ve come to know, that many of the Caribbean Islands really don’t have appropriate marinas. But there are excellent published sources that describe anchorages, marinas, and more.
• You cannot have too much storage space for spare parts, lubricants, and tools. I should have built even more storage racks down in the engine room. • I would not wait so long to install solar panels. We now have three panels on the pilothouse roof and two more on our “constructed-for-the purpose” T-top. They keep our batteries so much happier and they greatly reduce the frequency and duration of our generator use.
Are there places in the Caribbean and along the Central America coastline that you would not go to, and why? Mainland Venezuela has become increasingly unstable and dangerous—and only the foolhardy get anywhere near its northern shores. There have been too many acts of violent piracy to tread there. When we cruised from Curacao to Bonaire in December 2014, we traveled along an arc that kept us far north of the Los Roques and Las Aves Islands that are far enough from the mainland to have been formerly considered safe, but now are also mostly avoided.
•
Furthermore, there are anchorages in St. Vincent that have a horrible reputation for break-ins and robberies, including Wallilabou and Chateaubelair, in particular. Two online resources for news of incidents on the water are www.noonsite.com/ General/Piracy and www.safetyandsecuritynet.com.
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I would not have waited so long to replace our 17 gallon-per-hour water maker with our 50 gallonper-hour unit. Rinsing off dive gear and soaking underwater cameras takes lots of water, as does keeping salt and dust off the exterior of the boat.
Director of Marketing and Public Relations
Jennifer Burkett
Jenny’s Watch Some say boat builders are all guilty of delivering the same luxury, quality, blah, blah, blah lip-service in their writing and marketing. Where’s a true representation of the lifestyle? Where’s a woman’s perspective? (Besides smiling women lounging in bikinis in ads.) Where’s the romance of life on the water? The thought sparked a deeper discussion within our walls last summer and we resolved to initiate a regular feature in our monthly NAVAID eNewsletter as a starting point to doing all that. By now you have probably read at least an installment or two of the new newsletter column—the section is called “Sheworthy”. And if you have not read it, then most assuredly, you have seen our new print ads in most of the consumer marine publications.
So, why did we coin “sheworthy”? Simply put, it’s a nice play on words. A boat is referred to as “she”, as is a spouse or significant other, and both deserve the safety, comfort, capability and livability found on a seaworthy Kadey-Krogen yacht. Not the glitz and glamour so often portrayed in advertisements. From us, it’s just honest solutions. More storage. More options. More like home. More to see. More of what you both want! See you at the 2016 winter shows (I’m on maternity leave at the moment)! In the meantime, please write Larry Polster about your Kadey-Krogen cruising adventures along with your hi-res pictures to larry@kadeykrogen.com. The Kadey-Krogen message is one that goes around the world and I’m eager to share your story.
Offended by Sheworthy? Don’t quit reading now. Sheworthy is just as much about men as it is about women. Sheworthy is not designed to stick women “in the kitchen”, but rather to share a female representation of the cruising lifestyle, which, in most cases, is the same as their spouse—albeit sometimes it takes a little longer for them to realize! Safety AND comfort, capability AND livability.
Fair Winds,
BUYING OR SELLING?
By John Gear, CPYB, Kadey-Krogen Yachts
DON’T LOSE SIGHT OF THE
(BROKERAGE) GOAL
Kadey-Krogen Yachts turns 38 years old this year, older than almost any of the boat manufacturers involved in the full-displacement pleasure craft business. And those who follow our progress also know that late last year we reached our 600th hull milestone. Another notable achievement, we have a staff armed with more than 150 years of industry experience, averaging 17 years per person. These two facts are a testament to the Krogen design and the company’s dedication to evolving the cruising lifestyle—and the priceless experiences enjoyed by those who choose to embrace the dream. 11
I don’t think it will come as any surprise to you that many of those 600 hulls have had more than one owner, with many of you reading this falling into the category of “current owner” or “previous owner”. Some of you even fall in both categories, perhaps more than once. That is a statistic that makes us both proud and humbled. It goes without saying that every new boat had a new owner, but nothing lasts forever and eventually the time comes to move up, move down or move out, which brings us to the purpose of this article – The GOAL. There is only one goal when it comes to yacht brokerage—to pass the command. Whether you are the buyer or the seller, the goal is the same. Obviously, the perspectives of buyer and seller are different, but a successful transaction can be declared if, and only if, the boat is under new command. The results are easily measured, but getting there is a whole different story. Read on for a few suggestions, from our 150 years of combined experience, that we hope help you the next time you are buying or selling. •
If there is one overriding factor that must be prevalent throughout the entire process, it is, in a word, honesty. Honesty, not as the opposite of dishonest, but rather your “honest” expectations, be you buyer or seller. For example; a seller wanting “as much as I can get” is no more honest than a buyer wanting to “pay the least amount possible”. With today’s instant access to information, the used boat market is far more defined than in years past, when we were at the mercy of outof-date sales statistics and mechanisms. So, be honest with yourself as to what you really want. The market will ultimately be the arbiter, but you can help achieve The GOAL by having honest expectations.
•
Be realistic. In many respects this is a specific example of honesty, but so important that it deserves its own mention. Yes, there are exceptions to every stated fact, but they are just that, exceptions. If you are being honest with yourself, is it really prudent to look to be the benefactor of an exception, regardless of what side the transaction you are on? Or, do you want to accomplish your goal? Rarely do the two meet, and even if they did, how long do you want to wait for something that may never come? If you’re selling, you want to get on to the next chapter whatever that may be,
and if you’re buying, you want to get on the water— neither of which are going to happen with unrealistic expectations.
If you are selling, remember that typically the first offer you receive will be your best offer. I remember one transaction from last year where the ultimate selling price was almost 20 percent less than the first offer that was received more than a year earlier. As a seller, even if you think you might be able to do better by declining that first offer and waiting for something better to come along, you should consider the continued cost of ownership. If you are buying, there are three key points to remember. First, there is no such thing as the perfect boat. If you find 75 percent of what you are looking for, buy it! Second, don’t succumb to “analysis paralysis”. I see this quite often, especially from people with an engineering, math, or accounting background. They try and pick the perfect boat via a spreadsheet. Trust me, it does not work. All it does is lengthen the time before you get behind the wheel. This brings me to the third point. You only get so many spins around the sun.
•
Trust the knowledge and experience of your broker. He or she is an asset and a resource. While most brokers are equipped with the “tools” necessary to technically complete your transaction, your Kadey-Krogen Yachts broker brings a dedicated, in-depth perspective of the power cruising market. Whether the vessel is an American Tug, Back Cove, Eastbay, Grand Banks, Mainship, Nordic Tug, or Sabre, they all are part of our Brokers’ bread and butter.
And if you are buying or selling a Kadey-Krogen, there is an even greater benefit to working with one of our staff. You benefit from the broker’s direct access to original construction and other historical information. Information has been paramount to achieving The GOAL many, many times in the past. Your broker’s eyes are on the same goal, and they thrive on being able to facilitate and accomplish that one GOAL for all concerned. There is no substitute for dedication to the cause. Whether it be buying or selling, Krogen or otherwise, give your broker the opportunity to prove their worth to you.
We are all involved with “pleasure craft”. So let’s enjoy the process, be we buyer, seller, or broker. It is supposed to be pleasurable, and our GOAL should be to make it so.
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KADEY-KROGEN:
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SEA MAGAZINE February 2015, Krogen 44’ Sea Trial
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At 100 years of age, Frank Fukuhara enjoys playing golf, gardening and spending time with his family.
Investor Magazine
2/26/15 8:44 AM
THE DEFINITIVE GUIDE TO BECOMING
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EARLY SACRIFICES LEAD TO EARLY RETIREMENT | Betty Robinson Living the Dream on Land and Sea
By Emily Guy Birken, author of The Five Years Before You Retire Article originally appeared on MoneyTips.com Now in her 60s, Betty Robinson spends most of her retirement on her Krogen 48’ North Sea, named “LiLi”. When Betty Robinson was working as an information technology professional, one of her brothers criticized her frugal lifestyle. “He said, ‘You could do so much more – you’ve got plenty of money!’” That frugality allowed her to retire in her mid-50’s and live fulltime on her 48-foot Kadey-Krogen yacht, travelling between the Chesapeake, the Florida Keys, and the Bahamas.
“I lived within my means with the idea that I wanted to retire much earlier than my parents did, and I wanted to have a fun time doing it,” Betty explains. She certainly succeeded.
Know Where Your Money Goes
Living the dream? Not quite. Missing her life on land, she recently purchased a summer cottage on Bald Head Island in North Carolina, where she now plans to spend her summers while still calling the boat her home each winter. And her brother? “I got to retire many years before he did and I have a fabulous lifestyle that he envies, and it’s a result of purposely living a more restricted financial situation when I was younger.”
One of the keys to living below your means is understanding exactly how you spend your money. Betty recommends documenting each and every dollar that you spend in order to live your lifestyle. “For a lot of people, a dollar comes in and a dollar goes out, and they have nothing to show for it at the end of the year. So I do believe that you need to understand – and you need to document – how you spend your money.”
Live Below Your Means – Far Below Them Not only does Betty have great discipline, but she has always budgeted, starting with her very first job out of college. Back then, when she was earning $9,600 per year, she used envelopes to keep herself on track and make sure she didn’t spend her rent money on entertainment.
Betty still walks the walk. Even in retirement, she still tracks all of her expenses, although today she uses an Excel spreadsheet instead of envelopes.
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Consult an Advisor
When Betty retired just under a decade ago, she sat down with a financial advisor to help her map out her financial future. She wanted a plan that would take care of her nautical lifestyle well into her 90s, including the care and upkeep of her yacht. Even though Betty is no longer earning an income, she still meets with her financial advisor once a year, and she built potential investments – such as her recent summer cottage purchase – into her post-retirement financial plan.
Budgeting and tracking expenses are an excellent way to increase your savings rate, but most workers need a hand figuring out where to put those savings. Betty recommends getting involved with a retirement planner early.
“If you have the wherewithal to pay for a retirement planner, you would want to at least get some advice in your 30s and 40s, particularly if you are planning on retiring in your 50s, like I did. Our lifespans are longer, so the sooner you start to understand what your finances need to look like to sustain yourself for forty years of retirement, the better.”
Betty Offers the Following Advice for Achieving Your Dream Retirement:
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START AS EARLY AS POSSIBLE Betty was raised by savers, and she was always expected to put some money aside. “As a teenager, I was always expected to save, and I was expected to pay my own way as soon as I was financially able to and got on my own,” she says. This put her in the right place to be a diligent saver throughout her career.
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“Part of the planning process,” she explains, “is figuring out how I might finance a house when I am no longer earning an income. I planned when I was making money, and I planned on how I could make investments after I stopped making money.”
TAKE ADVANTAGE OF EVERY WORKPLACE SAVINGS OPPORTUNITY Any time one of Betty’s employers offered a tax -advantaged savings program, she would immediately take them up on it. That means she always got the maximum company matching of funds and used every savings instrument available to her.
SOCK AWAY YOUR BONUSES It took a lot of discipline, but Betty made a habit of putting almost every penny of her bonuses into her retirement savings accounts. “My job paid funds beyond my normal salary. So doing my best to get every bonus I could earn and putting it away in my retirement accounts was another important way to save.” Betty’s retirement is living proof of the old saying, “Good things come to those who wait.” “From my vantage point, I see a lot of younger people living for the moment, and that’s fine, but those moments won’t exist later in life,” she says. “I did this all on my own. It can be done with enough planning and enough forethought.”
Robinson is among many retirees and semi-retirees whose journey to financial freedom is featured in the free eBook, “The Definitive Guide to Becoming the Retiree Next Door,” published by MoneyTips.com. While most Americans worry that they won’t have enough money to retire, this group of successful retirees shows that many fulfilling paths are possible despite the challenges. Download it today at http://www.moneytips.com/retiree-next-door-profiles-ebook. 16
DEADLINE November 14, 2015
Photo Contest 10TH
ANNUAL
If a Kadey-Krogen could talk, she would tell tales about all the beautiful waters she’s cruised and the all the people she’s met along the way. That’s why we let your pictures do the talking through our Annual Photo Contest! This year, submit your best At Home On Any Sea™ lifestyle shot. How are you living the good life on your Krogen? Are friends, family and grandchildren on board? Is it the memories made at a Rendezvous? And, we know your pets are living it up too! Sort through your pictures and plan on entering the 2015 Kadey-Krogen Yachts photo contest. Enter by November 14, and you could win the first place $300 West Marine gift certificate or the $200 second place or $100 third place gift certificate. The contest is judged on creativity as well as photographic quality, and a Kadey-Krogen must be in the picture. Your photo could appear in publications! Enter today!
2014 W inner
High-resolution digital shots are only accepted and by entering the contest you agree to allow Kadey-Krogen Yachts to use any photo in any promotional material. All images should be identified by file name. Include your name and contact information, and where you took the photo. Digital images should be taken at your camera’s highest resolution setting with the least compression. Please email yourcrew@ kadeykrogen.com with questions. You can share your photos with us through the free file sharing website Dropbox (www.dropbox.com) or submit them on a USB thumb drive.
e 2nd Plac
Share by Dropbox to: Larry@kadeykrogen.com Jennifer@kadeykrogen.com
3rd Place
By mail on a USB thumb drive: Kadey-Krogen Yachts Attn: Photo Contest 7076 Bembe Beach Road, Suite 201 Annapolis, MD 21403
Please direct any questions to yourcrew@kadeykrogen.com.
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Navigating an Active Retirement Originally appearing in American Funds Magazine, Spring 2015 Before Doug and Jan Martin sold their home, car and worldly possessions, they met with their financial advisor. He helped them reposition their portfolio to withstand the market’s storms. “With a lot of hard work and our advisor’s guidance,” says Doug, “we’re living the life we desire.” And what a life it is. They embarked in the spring of 2014 on a multiyear journey to explore North America’s waterways aboard “Day Dreams”, their Kadey-Krogen 39-foot trawler. They could be characters in an adventure novel. Others might see them as modern day maritime explorers, not unlike Magellan and Shackleton. In reality, they are modest folks who lived frugally, saved conscientiously and are now enjoying life on their own terms. Doug began boating as a child in Toledo, Ohio, and had a job washing boats by the time he was 14. He paid his way through college pumping gas and, following graduation, began his career as a civil engineer. He worked in Michigan and Pennsylvania before returning to the Toledo area to join a national construction company. Involved primarily with automotive projects, Doug loved coordinating with clients and guiding ideas through the design stage to completion. Eventually he became a vice president, overseeing a range of projects across the country.
About 12 years ago, Doug was introduced to a Philadelphia-based financial advisor who suggested he begin to supplement his workplace retirement plan by making regular, systematic investments into growthoriented mutual funds. Every few years their advisor would perform a quantitative retirement planning analysis to ensure they were on the right track. Following retirement, Doug’s advisor encouraged him to consolidate the bulk of his assets into an IRA. His current asset mix is designed to meet the dual challenges of longevity risk (i.e., outliving his assets) and market risk. About half of his portfolio is divided among three equity-income funds, which seek income by investing primarily in dividend-paying companies. These funds tend to be less volatile than growth-oriented funds and provide a degree of balance. About 20% of his portfolio is in a mix of bond funds to add some stability and income potential. The remainder is in growth funds, which seek to keep pace with inflation.
Jan, Doug’s wife of 37 years, also built a successful career, working as both an ER and construction site nurse before settling into a long stint as a school nurse. Their vacations were spent at sea, usually exploring the Great Lakes. They enjoyed themselves, but yearned for more. “You can only see so much in two weeks,” Doug laments. Their dream was to retire early, around 60, and travel the seas full-time.
After retiring in June 2014, the Martins began their long-anticipated journey. They plan to spend the next few years navigating the Great Lakes and Atlantic coast — a first for the couple. They have a simple strategy — spend the spring and summer in the north, then head south for the colder months.
To test out their retirement lifestyle, the Martins took leaves from their jobs and began a four-month trip circumnavigating Lake Superior, which Doug refers to as “the grandest of the Great Lakes.” They traveled 2,400 miles, visited national parks, walked the untouched wilderness and watched a variety of animals enjoying their natural habitats. They were determined to make this their lifestyle in retirement.
Realizing that pensions alone couldn’t fund their retirement, Doug began investing in his company’s 401(k) plan as soon as it was offered. He consistently “maxed out” his annual contributions, took full advantage of his company’s matching program and made “catch up” contributions when he reached age 50.
The Martins are well-prepared for stormy weather, both financially and nautically. Their advisor sought to structure their portfolio to withstand market volatility, and the Martins diligently track forecasts in order to circumvent harsh seas. “The Great Lakes can be something to reckon with when the winds start blowing and the thunderstorms kick up — you really have to respect the Lakes,” Doug says.
“You can’t outrun a storm, you 18
just have to ride
it out.”
Sheworthy WOMEN AT THE HELM
By Ginger L Marshall, Kadey-Krogen 5204 “LivLife”
This simple act of seamanship evokes so many emotions. For the men on the dock, it ranges from disbelief to disgust. OK, to be fair, many men give me thumbs -up and say, “Nice job.” From the women, I typically get cheers, applause or, “you rock”! Unfortunately though, far too often the next thing out of their mouths is, “I could never do that.” To that, I always say, “Yes you can, and yes, you should.” My transition from crew to captain was a humble one. My husband, Gary, and I, previously owned a sailboat that I could undock and sail, but I just couldn’t master docking. The straw that broke the camel’s back happened roughly seven years ago when I was bringing her in. We were literally half-way into the slip when I unceremoniously handed the wheel over to Gary and said, “I can’t do it.” Of course he stepped in and brought her into the slip beautifully. 19
Fast-forward to buying our first Krogen—a 44’, Gary said to me, “You will dock this boat as well as, or better, than me.” Taking Gary’s words to heart, I learned to dock her and never gave back the wheel. We now have a Krogen 52’. Our baby, LivLife, is nearly 60 feet in length. If you told me 10 years ago that I would be docking a boat this large, I wouldn’t have believed you. But, you know what, the larger the boat, the easier she is to control. She is heavier, sitting still in the water until you give her direction—plus, she has more assistive devices like thrusters and wing stations.
don’t want to be going any faster than the speed at which you want to hit the dock.” All of this assumes you have a loving husband/partner who supports your efforts to learn to dock your boat; and why wouldn’t he? He loves you and he loves his boat (order to be determined!). If you find yourself having to dock in an emergent situation, call ahead to the dock at which you will be landing. Use your VHF radio or cell phone to let them know you would like assistance. It can also be useful to communicate to marina staff in non-emergent situations; especially when pulling into a dock for which you are unfamiliar. Ask about peculiarities of the marina: prevailing winds, currents and depths.
So, why should you learn to dock your boat? Safety. On the topic, you’ll hear from boaters, “What if your husband falls overboard or has a heart attack?” Now, I’m not that dramatic. Things as simple as a bad back, case of the flu or a jolting wake, causing a sprain or broken bone, could take your partner out of the picture as a fully functioning skipper. Doesn’t it make sense to learn all you can about driving, starting, stopping and docking your boat now, before you may be forced to do so under more stressful circumstances?
I have been a part of the Krogen family since 2010. In that time, I have met a number of Krogen owners. I must say that Krogen women are a breed apart. In my opinion, we are active participants in the boating journey and expect our boats to perform for us. We have a long list of “must haves” when it comes to our boats. We want a boat that is livable, that we can entertain on, and has ample storage and a modern galley.
And to the notion that you could never do this, I say, “It may not be the prettiest docking, but you can do it!” Repeat after me:
But, we also want a boat that is stable in rough seas, offers easy access to engines and operational systems, and comes from a company that stands behind its boats and supports its owners.
• Fenders are my friends • Neutral is my friend • VHF radio is my friend
As with anything else that you’ve ever done, practice makes perfect. Find a time when the conditions are right for learning this new skill; light or no wind and a long linear dock or an empty, wide-berth slip. Put out LOTS of fenders to minimize the chance of doing any damage. Make certain that your lines are ready. Keep the boat at a slow speed, tapping in and out of neutral; slow enough to be safe, but enough speed so that water still flows past the rudder, ensuring you maintain steerage. And remember that when going forward, reverse stops the boat. I was once told, “When docking, you
I’m suggesting you add accomplished skipper to your list of ‘must haves’. A sense of pride and accomplishment is felt after working with your boat to bring her and her crew safely to the docks. This article is not intended to be a tutorial on how to dock your boat, but rather an inspirational message to encourage you to start today!
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“Go girl, you rock!”
WELCOME, NEW OWNERS!
We are pleased to introduce these Kadey-Krogen enthusiasts who have grabbed ahold of their dreams to enjoy life now, rather than later.
Mike and Dyan Warren
Bill and Sue Ewing
Sailing friends of Mike and Dyan Warren switched to the power boating “dark side” in 2000 and bought a Lord Nelson tug and sold it the following season. “Ha!” the Warrens thought. However, their friends’ next purchase was a Krogen 42’, and when the Warrens went to see what they found this time, they knew if they ever bought a power boat it would be a Kadey-Krogen trawler. Not so long after the revelation did it become a reality. In 2004, Mike and Dyan bought a Krogen 42’ of their own.
Longtime sailors (45 years to be exact), Bill and Sue Ewing have always paid close attention to the power boats around them. Not thinking of them as “stink pots”, but making specific mental notes for their own future cruising plans. “As we got older and went further afield, we started pondering a transition to power and considered trawlers and faster, express-style cruisers,” said Bill. “Ultimately, Kadey-Krogen Yachts’ design, their reputation, and their range and ruggedness attracted us. We ordered our Krogen 44’ AE last fall.”
Seven years later, still enjoying trawler life, they decided to build “new” and in 2013, we happily welcomed Krogen 52’ Suite Judy into the Kadey-Krogen family. Now, just two years later, they’ve built their forever boat—the Krogen 55’ Expedition.
All of us at Kadey-Krogen Yacts are thrilled they took the plunge. The Ewings not only represent a welcomed new addition to our family of Krogen owners, but their purchase is the company’s 600th new Kadey-Krogen yacht to be built! It goes to show just how right Art and Jim’s original Krogen 42’ design was, that after nearly 40 years, it still resonates well with cruisers. For that, we thank the couple doubly.
Why build again?
“The Krogen 55’ Expedition has been Mike’s dream since the day he assisted with the offload of the first hull,” said Dyan. “He has spent a considerable amount of time on Krogens of all sizes, and having all the living space on one convenient level became his instant favorite, must-have feature. I like that too, plus the huge cooking space. Although, I must admit, I loved the side Dutch door of my Krogen 52’ galley!”
Bill and Sue have covered lots of “ground” over the years. They’ve sailed from Nova Scotia and the Bras d’Or Lakes down to the Eastern Caribbean Windward Islands; they’ve made seven round-trips to Bermuda, and know New England’s waters like the back of their hands. Aboard Maria, their new Krogen 44’ AE, the Ewings plan to explore the Chesapeake Bay and Florida’s beautiful coastline.
“I cannot say enough good things about the purchase and commissioning process,” said Mike. “Tom Button is a super help, and they don’t come any better than Gregg Gandy in commissioning.”
Spelled M-a-r-i-a, but actually pronounced “Mariah”, her name is significant, appearing in Bill’s family tree many times—in fact, Maria was the name of Bill’s father’s 40’ wooden sloop as well. Their previous boat, “Althea”, was named after Sue’s mother, so it appears there is a lovely naming tradition revolving around the females of the family!
On naming their Krogen 55’ Expedition, there was much discussion and disagreement—for about eight months. Mike wanted to keep Suite Judy and it took Dyan nearly that entire time to convince him otherwise.
All of us at Kadey-Krogen Yachts look forward to sharing more updates from the couple over the years as they adapt to the cruising-under-power lifestyle.
“Although our Krogen 52’ was named after Mike’s favorite Crosby, Stills & Nash song, “Suite Judy Blue Eyes,” everyone always assumed, ‘You must be Judy?’ So, for our Expedition, I wanted a name that reflected the boat. And he wanted a name that was three syllables or less, easy to spell and understand over the radio, and preferably a name no other boat had! So, we compiled lists and sat down with a glass of wine and went over name possibilities. “Galactic” was on his list and it just seemed to fit the boat, because she is so enormous—at least to me anyway! So, “Galactic” she is!”
The Cookes Featured in this issue’s top story—Tale of Two Trawlers: Sizingup the Buying Experience—the Cookes have been a pleasure getting to know throughout their building and delivery process. Their boat, Krogen 52’ Sea Sea, is the eighth hull of the current production model and has exquisite style both inside and out. The galley is outfitted with custom tile flooring and the most unique granite that captures the soothing calm of the sea. We’re proud to have her in our boat show line-up this fall. Join us as we welcome them, and be sure to read Cece’s personal account of building their dream trawler twice—and learn from their experience.
For now, the Warrens are cruising their own adventure on the East Coast and down to the Bahamas. But someday, Mike and Dyan plan to navigate Alaska, the Canadian Maritimes, and beyond. Join them!
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UnparallSeElReVdI C E
DECADES OF
2010 Krogen 55’ Expedition
2014 Beneteau Swift Trawler
U D RE
Krogen 58’
ED C
$1,495,000
Three to choose from starting at $945,000
Krogen 48’
Krogen Whaleback 48’
Three to choose from starting at $675,000
Krogen 39’
Three to choose from starting at $699,000
2013 MJM 36
1998 Hans Christian Indpendence 45 - $249,000
Grand Banks 36’
Three to choose from starting at $298,000
Krogen Manatee
Two to choose from starting at $144,000
1991 Grand Banks 36 Classic
Tiara 3500
LD SO
LD SO
MJM 36
Independence 45’
LD SO
Krogen 44’
1999 Whaleback 48’ - $549,000
Customer moving to Krogen 58’ - $1,090,000
2000 Tiara 3500 Open Hardtop
W I T H Unprecedented R E S U L T S
Ask our experienced yacht sales specialists how we can streamline the process of buying or selling your quality power cruising yacht. www.kadeykrogen.com/brokerage 800.247.1230 Annapolis, MD · Portsmouth, RI · Seattle, WA · Stuart, FL 22
MAIN OFFICE 610 NW Dixie Highway Stuart, FL (772) 286-0171 (800) 247-1230
ANNAPOLIS Port Annapolis Marina 7076 Bembe Beach Rd Annapolis, MD 21403 (800) 247-1230
PORTSMOUTH New England Boatworks 1 Lagoon Rd Portsmouth, RI 02871 (401) 862-8972
www.kadeykrogen.com
SEATTLE Salmon Bay Marine Center 2288 West Commodore Way, Suite 220 Seattle, WA 98199 (206) 453-5631
Upcoming Events We hope that you will enjoy one or more of the events taking place over the next several months, and our crew looks forward to meeting with you. In order for us to be able to devote our closest attention to you at shows and fests, please call us at 800-247-1230 to schedule an appointment. Of course, you are welcome to visit if you just stop by. Please be patient if there is a brief wait.
South Lake Union Boats Afloat Show South Lake Union - Seattle, Washington
Trawler Fest Bay Bridge Marina-Kent Island, Maryland
September 16 - 20, 2015
October 1 - 4, 2015
Fort Lauderdale International Boat Show Fort Lauderdale, Florida
Krogen 44' AE & Krogen 48' AE Brokerage vessel Krogen 44
Krogen 44' AE, Krogen 52' & Krogen 55' Expedition
Krogen 48' AE & Krogen 55' Expedition
Newport International Boat Show Newport, Rhode Island
Annapolis Open House Port Annapolis Marina
September 17 - 20, 2015
October 15 - 17, 2015
Krogen 52' & Krogen 55' Expedition
Krogen 44' AE, Krogen 52' & Krogen 55' Expedition, Brokerage vessels TBD
November 5 - 9, 2015
Introducing the Krogen 58’ EB (Extended Bridge)
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