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achil · 22-02-2018, 11:42

Quote:

Originally Posted by NevisDog

Yes I believe this is very common practice, but is this what happened to Oyster? Was it under new ownership? That would certainly explain the turnaround from flagship to sinking ship.

Relatively new ownership. I believe the last time it changed hands was 2012(?) when it was bought by an investment company that uses OP's money. However, it also had changed hands a couple of years prior to the last change.

ArmyDaveNY · 22-02-2018, 11:46

Quote:

Originally Posted by achil

Relatively new ownership. I believe the last time it changed hands was 2012(?) when it was bought by an investment company that uses OP's money. However, it also had changed hands a couple of years prior to the last change.

Perhaps they were a little too focused on the next quarter's results and not enough on the long term. I don't know but I have seen this before. Time will tell as I have a feeling this will end up in a court of law. I guess we'll have to wait for more details.

NevisDog · 22-02-2018, 11:54

Quote:

Originally Posted by ArmyDaveNY

Perhaps they were a little too focused on the next quarter's results ...

...or perhaps too focussed on creaming off all the profits into a few pockets... I speculate, but note the joint owner of the company built himself a nice new 80' Oyster. Hope she is better built than her sister ship was.

Drew13440 · 22-02-2018, 11:55

Quote:

Originally Posted by ArmyDaveNY

Time will tell as I have a feeling this will end up in a court of law. I guess we'll have to wait for more details.

Oh, I agree.

https://www.theguardian.com/technolo...icsandthemedia

ArmyDaveNY · 22-02-2018, 12:11

Quote:

Originally Posted by NevisDog

...or perhaps too focussed on creaming off all the profits into a few pockets... I speculate, but note the joint owner of the company built himself a nice new 80' Oyster. Hope she is better built than her sister ship was.

It would be interesting to see the results of an examination of the books!

Wouldn't that be an interesting twist if the joint owner also had build quality issues! Could we call it karma?

hellosailor · 22-02-2018, 12:15

Nevis-
I think it was in the early 1990's that the owner of Hunter (Warren Luhr?) had "Thursday's Child" built, for him to entire in a major race. And he promptly lost the keel off the coast of California. Well, they say any publicity is good publicity, but I suspect that's all part and parcel of why "Hunter" was a dirty word for so many years.
Then what was it, 6? years ago that Bavaria got some equally good PR about the same thing, keel problems?

ArmyDaveNY · 22-02-2018, 12:20

Quote:

Originally Posted by Drew13440

Oh, I agree.

https://www.theguardian.com/technolo...icsandthemedia

Wow, that adds an interesting aspect to this that I had not considered. The law itself is interesting, as is the jurisdiction issue. We have the boat builder in the U.K, various owners who appear to be on mainland Europe, a Russian, and who knows who else.

I just did a WhoIs lookup and the site appears to be Russian.

NevisDog · 22-02-2018, 13:05

Quote:

Originally Posted by ArmyDaveNY

...Wouldn't that be an interesting twist if the joint owner also had build quality issues! Could we call it karma?

Anyone like to buy an Oyster 825?
Only one (very rich) owner;
hardly used (only for sipping cocktails in the marina);
keel and keelbolts included at no extra charge;
in water survey only;
reluctant sale (due to financial/legal issues)...

Darn, I'd be worried if I'd bought an Oyster built since 2012.

Cadence · 22-02-2018, 13:16

Quote:

Originally Posted by ArmyDaveNY

I've seen this all too often. A company with a great reputation is sold and all the new owner sees are profits.

Who knows it could be corp. profits with a golden para shoot. Sp?

The court thing or international conspiracy seems far out.
The whole boat was probably chump change for the owner?Perusing it might be spending good money after bad. I wish I had the good money or the bad.

Kenmonty · 22-02-2018, 13:44

David Tydeman has an interesting background. From his Linkedin it seems he has a BSc in Ship Science from Southampton University.

"Ship Science is a Naval Architecture and Marine Engineering course ... It applies engineering science to the field of ships and other maritime structures. The three year BEng provides the core naval architecture and marine engineering knowledge and is ideal for those wanting to pursue a research career, further studies or work outside of engineering". ( Southampton University website)

This level of learning would most definitely allow him to understand many of the aspects surrounding naval architecture, design, structures, ship/boat building. He also has an MBA and has served as the VP for Capgemini as well as holding other flattering positions such as a director of Rolls Royce marine and COO Of Morrison PLc. Capgemini are a highly respected outfit who employ some very sharp people.

So where is this helicopter view background check leading: With this background he would have understood the technical issues better than most and with his business background he would have been acutely aware of the risk of financial loss.

Where there is smoke there is fire....... follow the money.

ArmyDaveNY · 22-02-2018, 13:55

Quote:

Originally Posted by Kenmonty

So where is this helicopter view background check leading: With this background he would have understood the technical issues better than most and with his business background he would have been acutely aware of the risk of financial loss.

Where there is smoke there is fire....... follow the money.

Great research! I hope this is not the case but I strongly suspect you are correct. If this is indeed the case, it would appear that his knowledge of engineering and business is much stronger than his knowledge of ethics!

44'cruisingcat · 22-02-2018, 14:13

Very lucky that nobody was killed. If there had been a coroner's investigation it would seem a few people would be looking at serious jail time.

**JPA Cate** · 22-02-2018, 14:16

When the builder tries to tell you the water ingress is not "excessive"--run away as fast as you ever can! A boat like that should have dusty bilges.

Paraphrasing WC Fields, i've had boats with wet bilges (shaft seal drips or leaks drain to there), and dry. Dry is better.

Good grief.

And, yes, the skipper had to balance his sense of something being wrong against Oyster's reassurances that all was well, within design specs, etc., etc., and the owner's wishes to use his new toy, and the owner, too, has been reassured. You want to believe what you're told, especially when you're depending on Oyster's honesty and quality of build--why you bought the thing in the first place. Sometimes, the decisions we make don't work out how we'd like. I wonder if the owner will still trust the skipper, and if he has been able to find other work, if not.

Ann

Cadence · 22-02-2018, 14:30

Quote:

Originally Posted by achil

Relatively new ownership. I believe the last time it changed hands was 2012(?) when it was bought by an investment company that uses OP's money. However, it also had changed hands a couple of years prior to the last change.

Thanks, Pat. So it is not the original co. that built the name which was probably a family operation? If so sad.