Reply
 
Thread Tools Display Modes
 
Old 03-26-2016, 07:15 AM   #1
Guru
 
brian eiland's Avatar
 
City: St Augustine, FL
Country: USA & Thailand
Vessel Name: RunningTide
Vessel Model: 37 Louisiane catamaran
Join Date: Jul 2013
Posts: 890
Gunboat 66 the ultimate fast cruiser?

I haven't watch this video in some time now, but it really is quite good. Even non-sailors should have a look.


This vessel, or style of vessel, has to be one of the top contenders as world cruiser. Its a shame that they find themselves in financially difficulties at the moment.
__________________
Advertisement

brian eiland is offline   Reply With Quote
Old 03-26-2016, 11:10 AM   #2
THD
Guru
 
City: Seattle
Country: US
Join Date: Apr 2012
Posts: 1,142
Might want to rethink a boat from Gunboat-went into bankruptcy last November, canned its founder, Peter Johnstone in January, and the Court has ordered the company, with about $10M in debt, to be sold at auction. So, if you want to pick up a boat company cheap, look up the Bankruptcy Court in Eastern North Carolina and send in a bid!
__________________

THD is offline   Reply With Quote
Old 03-26-2016, 11:12 AM   #3
Guru
 
dhays's Avatar
 
City: Gig Harbor
Country: United States
Vessel Name: Kinship
Vessel Model: North Pacific 43
Join Date: May 2015
Posts: 5,086
Very nice. One of the first things I noticed though is that the helmsman has to do a lot of ducking down to see either past the Genoa or to see the luff, not sure which. It possibly could benefit from twin helms, port and starboard.
__________________
Regards,

Dave
SPOT page
dhays is offline   Reply With Quote
Old 03-26-2016, 11:26 AM   #4
Guru
 
brian eiland's Avatar
 
City: St Augustine, FL
Country: USA & Thailand
Vessel Name: RunningTide
Vessel Model: 37 Louisiane catamaran
Join Date: Jul 2013
Posts: 890
Quote:
Originally Posted by dhays View Post
Very nice. One of the first things I noticed though is that the helmsman has to do a lot of ducking down to see either past the Genoa or to see the luff, not sure which. It possibly could benefit from twin helms, port and starboard.
You might have those duel helms at the stern, or maybe even camera devices considering today's cheap electronics (GoPro, etc). There's also 'clear windows' that can be incorporated into the sails.
brian eiland is offline   Reply With Quote
Old 03-26-2016, 11:30 AM   #5
Guru
 
brian eiland's Avatar
 
City: St Augustine, FL
Country: USA & Thailand
Vessel Name: RunningTide
Vessel Model: 37 Louisiane catamaran
Join Date: Jul 2013
Posts: 890
Quote:
Originally Posted by THD View Post
Might want to rethink a boat from Gunboat-went into bankruptcy last November, canned its founder, Peter Johnstone in January, and the Court has ordered the company, with about $10M in debt, to be sold at auction. So, if you want to pick up a boat company cheap, look up the Bankruptcy Court in Eastern North Carolina and send in a bid!
I think you will find that its all a bit of 'economic maneuvering'; ...restructuring indebtedness to creditors to buy time to get back into positive cash flow situation. And I doubt Peter was 'canned', but rather he stepped down to allow for the restructuring to go proceed.
brian eiland is offline   Reply With Quote
Old 03-26-2016, 02:41 PM   #6
THD
Guru
 
City: Seattle
Country: US
Join Date: Apr 2012
Posts: 1,142
Brian-They have not been able to come up with a restructuring plan, no lenders will touch them and no new investors have stepped up. That is why the Court ordered the auction to proceed. There is some talk that they may have a "white knight" investor group, but nothing has come before the Court at this point. PJ stepped down because no one would touch the company with him still running it.
THD is offline   Reply With Quote
Old 03-26-2016, 04:29 PM   #7
Guru
 
BandB's Avatar
 
City: Fort Lauderdale
Country: USA
Join Date: Jan 2014
Posts: 13,153
There were some who believe Peter will try to purchase it at auction for virtually nothing. Not an unusual strategy if so. Mismanage a company into bankruptcy and liquidation, lose lots of investors and debtors' money, then buy it back for cents on the dollar.

Reality is they raced, but they didn't have a viable business.
BandB is offline   Reply With Quote
Old 03-26-2016, 04:38 PM   #8
Guru
 
boatpoker's Avatar
 
City: Port Credit
Country: Ontario
Vessel Name: DIRT FREE
Vessel Model: Benford Fantail 38
Join Date: Sep 2012
Posts: 2,011
Quick Google search shows some pretty serious quality issues too.
__________________
If you can live with the consequences, go for it - wg
Y'am what I y'am an' thats' all that y'am - Popeye
As God is my witness, I thought turkey's could fly. Mr.C
boatpoker is offline   Reply With Quote
Old 03-26-2016, 04:56 PM   #9
Guru
 
BandB's Avatar
 
City: Fort Lauderdale
Country: USA
Join Date: Jan 2014
Posts: 13,153
Quote:
Originally Posted by boatpoker View Post
Quick Google search shows some pretty serious quality issues too.
Hence the not viable business. They were a disaster, blaming it all on their contractors, but it's their job to design and their job to manage the contractors. Another part of the bankruptcy, to escape all the litigation. It's a business best gone. The way it operated it shouldn't exist.
BandB is offline   Reply With Quote
Old 03-26-2016, 05:30 PM   #10
Senior Member
 
Jeff F's Avatar
 
City: London, ON
Country: Canada
Vessel Model: Mainship 34 Original
Join Date: Nov 2015
Posts: 333
This didn't help. They were really pushing the high-performance envelope.

https://youtu.be/o3uQOTrJtKw

In general I think the market for large cruising multihulls is relatively strong, and Gunboat has been a bit of a halo brand bringing awareness and attention to some of the benefits. Hope they can continue.
Jeff F is offline   Reply With Quote
Old 03-26-2016, 06:59 PM   #11
Guru
 
mbevins's Avatar
 
City: Windsor
Country: Canada
Vessel Name: Keeper IV
Vessel Model: 44 Viking ACMY
Join Date: Nov 2013
Posts: 1,305
Quote:
Originally Posted by brian eiland View Post
I think you will find that its all a bit of 'economic maneuvering'; ...restructuring indebtedness to creditors to buy time to get back into positive cash flow situation. And I doubt Peter was 'canned', but rather he stepped down to allow for the restructuring to go proceed.
Brian...By chance do you have a dog in this fight somewhere?
__________________
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."

mbevins is offline   Reply With Quote
Old 03-26-2016, 09:47 PM   #12
Guru
 
boatpoker's Avatar
 
City: Port Credit
Country: Ontario
Vessel Name: DIRT FREE
Vessel Model: Benford Fantail 38
Join Date: Sep 2012
Posts: 2,011
Quote:
Originally Posted by mbevins View Post
Brian...By chance do you have a dog in this fight somewhere?
Fair question
__________________
If you can live with the consequences, go for it - wg
Y'am what I y'am an' thats' all that y'am - Popeye
As God is my witness, I thought turkey's could fly. Mr.C
boatpoker is offline   Reply With Quote
Old 03-26-2016, 09:51 PM   #13
Guru
 
brian eiland's Avatar
 
City: St Augustine, FL
Country: USA & Thailand
Vessel Name: RunningTide
Vessel Model: 37 Louisiane catamaran
Join Date: Jul 2013
Posts: 890
Quote:
Originally Posted by mbevins View Post
Brian...By chance do you have a dog in this fight somewhere?
I do not have a vested interest in Gunboat itself, ...just the promotion of large catamaran cruising boats.
RunningTideYachts.com

Powercat Trawlers


brian eiland is offline   Reply With Quote
Old 03-27-2016, 09:44 AM   #14
Guru
 
mbevins's Avatar
 
City: Windsor
Country: Canada
Vessel Name: Keeper IV
Vessel Model: 44 Viking ACMY
Join Date: Nov 2013
Posts: 1,305
Quote:
Originally Posted by brian eiland View Post
I do not have a vested interest in Gunboat itself, ...just the promotion of large catamaran cruising boats.
RunningTideYachts.com

Powercat Trawlers


Checked out your Web site Brian.
Very interesting.
__________________
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."

mbevins is offline   Reply With Quote
Old 03-27-2016, 01:04 PM   #15
Guru
 
brian eiland's Avatar
 
City: St Augustine, FL
Country: USA & Thailand
Vessel Name: RunningTide
Vessel Model: 37 Louisiane catamaran
Join Date: Jul 2013
Posts: 890
Quote:
Originally Posted by mbevins View Post
Checked out your Web site Brian.
Very interesting.
How about that 'fishing under sail' catamaran
__________________

brian eiland is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





All times are GMT -5. The time now is 05:24 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012