On Monday July 6, Kadey-Krogen Yachts, based in Portsmouth, Rhode Island, filed for Chapter 7 Bankruptcy in the U.S. Bankruptcy Court in Delaware. In a companion filing, American Tugs, which Kadey-Krogen had purchased in 2023, also filed under Chapter 7. Unlike a Chapter 11 filing, which allows a company to continue trading while reorganizing its finances, a Chapter 7 filing calls for a court supervised liquidation of all the company’s assets in order to repay creditors. After 49 years in business as one of the U.S.’s leading makers of displacement cruising trawlers, Kadey Krogen will cease to exist. The court…
Browsing: On Watch with Peter Janssen
Australian builder Maritimo Yachts introduced their new Maritimo S50 sedan at the country’s Sanctuary Cove International Boat Show at the end of May. The S50 joins the growing fleet of sedans made by the builder that includes three other models from 55 to 75 feet. In the announcement, the builder noted that their sedan models have been steadily growing in popularity and the addition of a 50-footer provides a good entry point for owners who like the sedan look and don’t need a flybridge. The new S50 incorporates some modern European styling such as the sleekly swept back windshield, the…
A conversation among cruising friends at last January’s Toronto Boat Show planted a seed that has grown into a brand-new cruising group, the Great Canadian Loop Association (GCLA). Gary J. Brickell is the founder and the association’s first commodore. Most North American cruisers know of the 6,000-mile Great American Loop that circles the eastern third of the U.S. and ventures into Canadian Waters in the Great Lakes. But these cruising friends were looking for a route that would stay entirely in Canadian waters. Without much trouble, Brickell and his pals found what they were looking for. Incorporating a section of…
On April 16, 20 Nordhavns and their owners gathered in George Town, Great Exuma in the Bahamas for three days of fun, sun and socializing. The rendezvous kicked off with a welcome party at the famous Peace & Plenty Hotel where there was a live band and cocktails for all. Next day, the group went on a dinghy adventure to explore the beautiful white sand beaches around the sound and Queen Elizabeth Harbour. The highlight of the three-day get-together had to be the costume party on Friday night night hosted by the Exuma Yacht Club. The owners did not hold…
The big national party to celebrate the 250th anniversary of the signing of the Declaration of Independence in 1776 will take many forms but the tall ship’s parades promise to be some of the highlights. In fact the party has already begun with a tall ships event in New Orleans on May 27 to June 1. Over the next six weeks, the hips will visit Virginia, Maryland New York City and Boston. While each venue will be spectacular, the main event will be in New York City on July 3 to 8. All of the tall ships will be there…
The Finnish builder Saxdor made a splash at the Palm Beach International Boat Show to mark two special occasions. First, they rolled out their new 460 GTC Flagship that marks their first entry into the 45 to 50-foot market. Secondly, the show marked the first major event where Saxdor appeared with their new partners, the NASDAQ-listed American builder, Malibu Boats, Inc. (MBI). Malibu’s acquisition of Saxdor adds a brand to their portfolio that has seen expansive growth in the last few years. Saxdor’s sales in 2025 increased by a whopping 78 percent and they are only just getting started in…
Founded in 1976, Kadey Krogen Yachts celebrates 50 years in business in 2026 and announced this month that they are honoring the occasion by introducing the new Krogen 53. The new boat is a next generation trawler cruising yacht with all of Krogen’s blue-water, ocean-crossing DNA. It follows in the wake of the successful Krogen 52 and advances that legacy with a hoist of innovations and new owner options. Like her Krogen sister ships, the 53 has a Pure Full Displacement hull with a fine entry at the bow, a balanced water plane for sea kindliness and the company’s iconic…
At the Palm Beach International Boat Show this spring a new yachting brand made it’s debut and did so with what Europeans call duende or ineffable style. Based in Miami and with dealers in Europe, the Middle East and China, Manari set out to create performance cruising yachts that exhibit aggressively modern looks with comfortable and elegant accommodations. Plus, it was to be an ocean-going yacht. The concept came in no small part from the founder’s early boating experience with his grandfather who built a fast, sleek power cruiser on which he and his family spent summers cruising the Med.…
On Wednesday May 13, Nordhavn Yachts announced that they are launching an all new N 100 expedition yacht. The new 100-footer is an evolution from the N96 and the existing N100 but is an entirely new model. Nordhavn noted, “The all-new Nordhavn 100 is a masterful expression of refined luxury and uncompromising capability. Evolving from the award-winning Nordhavn 96, renowned for its global cruising pedigree and exceptional onboard comfort, the N100 advances the design with increased length and volume achieved through a larger traditional cockpit and fully extended side decks throughout.” The new 100 provides expanded interior living spaces and creates expansive outdoor…
The highly respected American builder of quality power boats from 34 to 60 feet, Tiara Yachts of Holland Michigan announced this week that they are adding a new 35 LS to their Luxury Sport line of performance, outboard-driven day boats and weekenders. The 35 LS follows in the immediate wake of the new 46 LS that was introduced last month at the Palm Beach International Boat Show. Not resting on their laurels, the company also introduced an all-new 39 LE, Express Cruiser, back in December. Three new models in five months shows impressive confidence in the market for premium, American-built…