Biz Buzz

Launch

SailTime announces the launch of Sea Style Yacht Partners, the first fractional yacht ownership program that offers multihull power and sailing yachts. The Annapolis, MD, based company is part of the Sea Style Acquisitions (SSA), a leader in fractional yachting for the past 20 years and is the innovator of well-known boat sharing programs such as SailTime, PowerTime, and Embark Scheduling Software. Seas Style Yacht Partners offers a sensible path to yacht ownership by offering their clients the option to buy a 25 or 50 percent share in a fully crewed yacht or a large luxury catamaran, focusing on the market between 60 and 150 feet. “We recognize many potential yacht buyers are seeking a higher level of service and a turnkey yachting experience from the moment of purchase to the time they are underway in the most desirable boating destinations,” says Mathias Chouraki, president of Sea Style Yacht Partners and veteran yacht broker and licensed commercial captain. “Our company is capitalizing on the clear trend of the past decade that shows exponential growth in luxury shared goods, from private aviation to extravagant villas and yachts.” Operational costs are shared by each client based on percentage of ownership. Sea Style manages the accounts for the vessel and provides the owners with an easy-to-read monthly expense statement. Sea Style Yacht Partners handles all operations from crew management, insurance, and dockage to regular maintenance and repairs. Depending on the level of ownership, owners are guaranteed a minimum of seven to 14 weeks a year. Owners plan their vacation well in advance or last-minute (48-hour notice) if no other owners are on board. Sea Style Yachts may be in locations from the Mediterranean Sea to the Caribbean and East Coast USA (Florida, Hamptons, Rhode Island…). Yacht relocations are planned before each season with the input of the owners. seastyle.net

Electric Outboard

The French-based company TEMO, manufacturer of the first portable, electric-powered outboard motor TEMO.450 is entering the US market. The pioneering start-up has had great initial success in its domestic market. Only three years after the launch of the TEMO.450 engine, it has already delivered more than 3000 electric motors all over Europe and is now looking towards rapid international expansion by tackling the North American market. The Waterford, CT, headquartered company Defender Industries has been appointed as the official US dealer and the TEMO.450 motor will be revealed at the Annapolis Sailboat Show in October. Defender Industries supplies a wide range of high-end marine products. Defender managing director Stephan Lance said he is delighted to welcome TEMO.450 to Defender’s portfolio. He said: “Since Defender began offering electric motors over 10 years ago, the demand for clean, safe, and efficient propulsion has grown significantly. The TEMO.450 brings a new power option for small tenders and boats to the table. One that is lightweight, stows easily, and is easy to operate.” Designed for dinghies, tenders, and small boats, the portable system includes a 450W motor, 110V charger, rowlock fitting kit, and security device. It weighs just under 11 pounds, has a propulsive power of 200W, and produces 12 kg of maximum thrust from its motor. defender.com/temo.jsp

New Business

Jim Dean announces the formation of his new business, Dean Yacht Company. Dean says, “I have been bringing a higher level of personalized service and management to the brokerage business for the past five years (and service industry for the past 16 years), and I am excited to now open my own business where I can bring my expertise to my clients’ individual needs even more!” For more information, contact Dean at jim@deanyachtcompany.com or (410) 353-8888.

New Floating docks

Safe Harbor Great Oak Landing Marina in Chestertown, MD, has begun the installation of new state-of-the-art floating docks. The new docks will replace two fixed docks adjacent to the popular Jellyfish Joel’s Beach Bar and will feature 104 floating slips that can accommodate yachts up to 60 feet in length. The marina’s new floating slips will also be able to accommodate wide multihulls. Safe Harbor Great Oak Landing has become a popular home port and service marina for large multihulls as a result of their wide, 75-ton Travelift, able to haul and launch vessels with beams up to 31 feet. Safe Harbor Great Oak Landing is a full-service marina with ABYC-certified technicians, 350 slips, fuel and pump-out services, The Landing Restaurant, 30-room inn with pool deck, fitness center, nine-hole executive golf course, and other amenities, and is a part of Safe Harbor Marinas, the largest network of marinas with over 130 locations nationwide. shmarinas.com/locations/safe-harborgreat-oak-landing

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