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Re: The Moorings New Base
[Re: d_fish]
#244241
01/05/2021 11:51 PM
01/05/2021 11:51 PM
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Joined: Jan 2009
Posts: 70 Nixa, Missouri
philthepilot
Traveler
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Traveler
Joined: Jan 2009
Posts: 70
Nixa, Missouri
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We have a credit with the Moorings from 2020. I called the Moorings after hearing they moved some of their operations to St Thomas about two weeks ago. I was told they did move a few boats, but they were only going to be crewed boats.
Phil Nixa, Mo.
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Re: The Moorings New Base
[Re: philthepilot]
#244243
01/06/2021 12:04 AM
01/06/2021 12:04 AM
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Joined: Apr 2002
Posts: 6,993 GA/NC
GeorgeC1
Traveler
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Traveler
Joined: Apr 2002
Posts: 6,993
GA/NC
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We have a credit with the Moorings from 2020. I called the Moorings after hearing they moved some of their operations to St Thomas about two weeks ago. I was told they did move a few boats, but they were only going to be crewed boats. The website now shows bareboats available for booking.
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Re: The Moorings New Base
[Re: d_fish]
#244246
01/06/2021 06:53 AM
01/06/2021 06:53 AM
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Joined: Dec 2018
Posts: 1,343 Washington DC
bailau
Traveler
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Traveler
Joined: Dec 2018
Posts: 1,343
Washington DC
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I have a credit as well and looked at STT but not many boat options and I couldn't find a 514PC for next May/June. Need to decide on a week in USVI of 10 -14 days in BVI since 1st 4 are quarantined. They do have a special until the end of January extra day free of if you go out before Feb 14 days for price of 10...
I have a feeling these will be rolling specials as I spoke to someone at base yesterday who told me not many boats going out...
Last edited by bailau; 01/06/2021 06:53 AM.
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Re: The Moorings New Base
[Re: d_fish]
#244256
01/06/2021 09:22 AM
01/06/2021 09:22 AM
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Joined: Apr 2002
Posts: 6,993 GA/NC
GeorgeC1
Traveler
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Traveler
Joined: Apr 2002
Posts: 6,993
GA/NC
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I think the Moorings is surviving on the strong sail of new boats. I think that’s always been where their profit came from. The used boats they have taken in trade are also doing very well. That seems strange to me given the last year but boats sales are setting records.
Last edited by GeorgeC1; 01/06/2021 09:22 AM.
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Re: The Moorings New Base
[Re: RatmansWife]
#244258
01/06/2021 09:57 AM
01/06/2021 09:57 AM
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Joined: Dec 2018
Posts: 1,343 Washington DC
bailau
Traveler
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Traveler
Joined: Dec 2018
Posts: 1,343
Washington DC
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Wouldn't be surprised if some of these promotions are targeted at new bookings, rather than folks using credits. I have long wondered how the charter companies can stay afloat without the cash flow of new bookings. I have an email in to them on this point... are Moorings boat sales setting records? I would imagine the investment risk is higher with uncertain income stream...I know new boat sales in US for recreation are much higher
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Re: The Moorings New Base
[Re: d_fish]
#244264
01/06/2021 10:12 AM
01/06/2021 10:12 AM
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Joined: Sep 2006
Posts: 788 Kannapolis, NC
ndfaninnc
Traveler
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Traveler
Joined: Sep 2006
Posts: 788
Kannapolis, NC
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"I know new boat sales in US for recreation are much higher"
As are RV's. That tells me American's are realizing that foreign travel may not be possible or realistic for a short while. Sometimes I even forget how beautiful the US is. '20 is the first time in 20 years we have not gone to the BVI. I pray for my friends on Anegada.
Go Irish!! Bill
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Re: The Moorings New Base
[Re: bailau]
#244282
01/06/2021 11:47 AM
01/06/2021 11:47 AM
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Joined: Apr 2002
Posts: 6,993 GA/NC
GeorgeC1
Traveler
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Traveler
Joined: Apr 2002
Posts: 6,993
GA/NC
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Wouldn't be surprised if some of these promotions are targeted at new bookings, rather than folks using credits. I have long wondered how the charter companies can stay afloat without the cash flow of new bookings. I have an email in to them on this point... are Moorings boat sales setting records? I would imagine the investment risk is higher with uncertain income stream...I know new boat sales in US for recreation are much higher They are sold out on many models with waiting lists going out long term. There certainly is risk but in the end you still have the boat if it all falls apart. The Moorings is the only company to pay all their owner obligations through Irma and the pandemic. They also have a large undrawn credit line. Strangely I think Irma made the Moorings money as they ramped up production to replace the destroyed boats. A high number of owners with boats totaled rolled right over into new boats with their insurance checks. Normally the Moorings has quite a few new discounted boats on their website. At the moment they have none.
Last edited by GeorgeC1; 01/06/2021 11:52 AM.
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Re: The Moorings New Base
[Re: GeorgeC1]
#244322
01/06/2021 03:13 PM
01/06/2021 03:13 PM
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Joined: Dec 2018
Posts: 1,343 Washington DC
bailau
Traveler
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Traveler
Joined: Dec 2018
Posts: 1,343
Washington DC
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Wouldn't be surprised if some of these promotions are targeted at new bookings, rather than folks using credits. I have long wondered how the charter companies can stay afloat without the cash flow of new bookings. I have an email in to them on this point... are Moorings boat sales setting records? I would imagine the investment risk is higher with uncertain income stream...I know new boat sales in US for recreation are much higher They are sold out on many models with waiting lists going out long term. There certainly is risk but in the end you still have the boat if it all falls apart. The Moorings is the only company to pay all their owner obligations through Irma and the pandemic. They also have a large undrawn credit line. Strangely I think Irma made the Moorings money as they ramped up production to replace the destroyed boats. A high number of owners with boats totaled rolled right over into new boats with their insurance checks. Normally the Moorings has quite a few new discounted boats on their website. At the moment they have none. interesting...I imagine they made money during Irma because I believe business interruption insurance covered payments/losses which aren't covered with the pandemic...they can make those payments due to the holding charter money. the real key will be when covid resolves and you have no income coming in since charterers are using credits yet still have to pay fixed income payments and overhead again
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Re: The Moorings New Base
[Re: bailau]
#244323
01/06/2021 03:14 PM
01/06/2021 03:14 PM
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Joined: Dec 2018
Posts: 1,343 Washington DC
bailau
Traveler
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Traveler
Joined: Dec 2018
Posts: 1,343
Washington DC
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Wouldn't be surprised if some of these promotions are targeted at new bookings, rather than folks using credits. I have long wondered how the charter companies can stay afloat without the cash flow of new bookings. I have an email in to them on this point... are Moorings boat sales setting records? I would imagine the investment risk is higher with uncertain income stream...I know new boat sales in US for recreation are much higher promotion still valid for credit holders...currently 2 days free for 14 days for charter after Mar...4 days before
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Re: The Moorings New Base
[Re: justwantanisland]
#244324
01/06/2021 03:15 PM
01/06/2021 03:15 PM
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Joined: Dec 2018
Posts: 1,343 Washington DC
bailau
Traveler
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Traveler
Joined: Dec 2018
Posts: 1,343
Washington DC
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Could I book a USVI Moorings crewed charter but if covid conditions allow do both St. John and BVI? If so, where would we have to go through BVI customs? Sorry if dumb questions but i've never booked a charter before. You would have to quarantine in BVI for 4 days..i think that would be a non starter
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Re: The Moorings New Base
[Re: d_fish]
#244943
01/14/2021 10:04 PM
01/14/2021 10:04 PM
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Joined: Jun 2011
Posts: 1,347 USVI
LocalSailor
Traveler
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Traveler
Joined: Jun 2011
Posts: 1,347
USVI
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