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onlymedication
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Joined: 08/21/13
Posts: 473
Loc: Annapolis, MD, USA
Re: Upcoming Charters [Re: NWA4Sail]
      #1743604 - 09/07/17 03:58 PM (100.16.151.129)

TMM seem to have blacked out their schedule through end of September as a start. It's going to take some time, but they will all pull together and do everything they can to get the tourism industry back up and running. I expect the recovery to be as remarkable as the hideous damage we're witnessing. That said, it will never "be the same", and will take a decade before everything feels "normal" again.

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StormJib
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Joined: 11/30/14
Posts: 1036
Re: Upcoming Charters [Re: Will_L]
      #1743610 - 09/07/17 04:13 PM (199.168.151.165)

Quote:

Will_L said:
There will likely be a huge shortage of boats to charter for a good while. There is likely to be quite a delay in insurance settlements and a lot of arguments/litigation on numbers.

Those that get a check for the hull value I'm guessing in many if not most cases will be reticent to start again with this experience fresh in their mind. Other people currently thinking about pulling the trigger and putting a boat in charter will likely have some reasons to think it over.

If god forbid Jose hits this weekend there likely won't be any boats left.

Insurance rates will be going way up. The infrastructure for charter operations will take quite a while to get up and running.




The time from order to manufacturing until a boat is delivered and ready on the dock for guests is a very long time.

Just like Little Dix was in the process of doing look for the best players to shut down and use this opportunity to refresh and reopen as a very different place. The half open the approach coupled with social media destroys brands.


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stevelon
Traveler


Joined: 03/17/04
Posts: 234
Loc: St Louis
Re: Upcoming Charters [Re: StormJib]
      #1743712 - 09/07/17 07:13 PM (24.217.140.98)

That was my thought also. Where and what are they going to do with hundreds of damaged and sunken boats. No place to put new ones as there are no docks and support facilities. The lead time on new boats i would imagine is a fairly long time delivery etc. Many have bases in other islands but many of those got hit also. Now a possible new hurricane. This is by far the worst case scenario I could imagine. Right now the locals have no food, water. living essentials. I intend to donate money but the charities so far seem to be island specific. Thankfully i was there in July. Have no idea when i will get back. Just feel so bad that something like this can happen to good people. What a tragedy.

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GeorgeC1
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Joined: 04/24/02
Posts: 4754
Loc: GA/NC
Re: Upcoming Charters [Re: stevelon]
      #1743721 - 09/07/17 07:28 PM (108.213.0.118)

This is what I would do if I were running the Moorings. Their docks actually appear in pretty good shape. I would quickly triage the boats and determine what can be repaired and what is totaled. I would then target the boats they can have ready by 15 Dec and push those repairs. I would canvass the owners of the boats in the Euro bases and offer a financial inducement to move those boats to the BVI for this winter's high season and send them back for the summer in the med. probably charter a float on float off ship to move them. I would get the Leopard factory cranking and look for a second source of cats. Either Lagoon or FP. This last part may be wishful thinking on my part but I would work with the current owners as much as possible to encourage them to roll the insurance settlements into another boat.
G

Edited by GeorgeC1 (09/07/17 07:30 PM)


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CGB
Traveler


Joined: 03/22/13
Posts: 348
Loc: now - or when ?
Re: Upcoming Charters [Re: GeorgeC1]
      #1743734 - 09/07/17 07:55 PM (70.49.187.173)

Memories of the book "Don't stop the Carnival"
Can anyone name some of the insurance companies involved in covering these boats ?


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Will_L
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Joined: 12/03/04
Posts: 2265
Loc: Ill, USA
Re: Upcoming Charters [Re: CGB]
      #1743738 - 09/07/17 08:00 PM (67.45.113.159)

Mine is Lloyds of London..well known but recall they had major financial difficulties years ago. This will be the biggest marine hit ever by a storm by a huge factor.

Didn't go through but TMM is closed to charters every September now. They changed nothing so far.


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EllenS
Traveler


Joined: 10/10/05
Posts: 237
Loc: Lake Norman, NC
Re: Upcoming Charters [Re: Will_L]
      #1743750 - 09/07/17 08:20 PM (174.108.54.67)

Mine is Falveys.

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GeorgeC1
Traveler


Joined: 04/24/02
Posts: 4754
Loc: GA/NC
Re: Upcoming Charters [Re: Will_L]
      #1743752 - 09/07/17 08:23 PM (108.213.0.118)

My boat is also underwritten by Lloyds. I believe that is the standard Moorings insurance.

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onlymedication
Traveler


Joined: 08/21/13
Posts: 473
Loc: Annapolis, MD, USA
Re: Upcoming Charters [Re: Will_L]
      #1743758 - 09/07/17 08:50 PM (100.16.151.129)

Quote:

Will_L said:

Didn't go through but TMM is closed to charters every September now. They changed nothing so far.




Thanks, I was not aware of that. Guess it's been too long since I've planned a trip.


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ggffrr11
Traveler


Joined: 01/17/04
Posts: 457
Loc: OU Sooner
Re: Upcoming Charters [Re: Lenair]
      #1743767 - 09/07/17 09:24 PM (72.47.94.10)

Just a question: Where does a, i.e. Moorings individual charter boat owner in 2nd or 3rd year of Moorings agreement stand financially (via insurance) if his boat just got totaled? Don't most of those plans involve an initial downpayment, etc? Is the owner fortunate for just a total wash?

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