Oyster completes first yacht under new ownership

Oyster Yachts, one of the world’s leading manufacturers of luxury blue water sailing yachts, proudly announces the first completion of a legacy Oyster 575 initially ordered under previous management, which had been left incomplete when the business fell into administration under previous ownership.

Under its new leadership, Oyster has agreed contracts to complete almost all of the orders which were underway when the previous company collapsed. There are currently 14 vessels being completed from Oyster manufacturing sites in Southampton and Norfolk.

Following completion, the 575 has been subject to rigorous safety and testing protocol, including 4 weeks of sea trials. This process is undertaken with all Oyster yachts, and ensures that performance levels in the water match the exceptional design and finish which are hallmarks of the Oyster brand.

The Oyster 575 uses a generation of Oyster hull shapes developed with Humphreys Yacht Design, and is designed predominantly for family sailing without professional crew. Developed from years of experience building around 75 Oyster 56’s and 45 Oyster 575 sailing yachts, the Oyster 575 provides an essential fourth cabin which can be used as a utility space or for an extra bunk and comes equipped with a generous sail locker and lazarette. The Oyster 575 also matches the headroom and bunk lengths of Oyster’s larger sailing superyachts.

An official champagne launch ceremony will be taking place in Ipswich later today, culminating in a launch party attended by the yacht’s new owners as well as Paul Adamson (CCO) & Becky Bridgen (CFO) who will be there to welcome the latest addition to the Oyster family.

Oyster CEO Richard Hadida says: “With the completion of our first yacht, I am proud to say Oyster is firmly back in business. I am delighted that we have been able to complete orders which were originally taken under the old owners, finishing them up to the standard of excellence Oyster owners everywhere expect. As we rebuild the brand, it is important for us to focus not only on new customers, but existing members of the Oyster family.

“Our customers can trust that we have the expertise and capacity to deliver yachts that are true to the Oyster name. With twelve more legacy vessels currently under construction and new orders coming in all the time, we look forward to christening many more Oysters with a champagne welcome in the months and years to come.

“We have hugely ambitious plans for Oyster. Today is a key milestone in our future growth.”

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One response to “Oyster completes first yacht under new ownership”

  1. Anon says:

    Hurrah! carry on as normal!

    what about the suppliers the “old” Oyster Yachts still owe money to, probably for materials and services incorporated in that very yacht!