keel failure

  • OYSTER TELLS ALL: Statement on Polina Star Keel Failure

    Grid damage

    Yes, that headline is tongue-in-cheek. But just a little. That Oyster has made a public statement at all is to their credit. I cannot remember any other instance where a production builder has made any sort of substantive statement after a keel failure. This one is not as substantive as it could be, but they at least admit there is (or was) a "possible" production defect.

    It is worth remembering that Oyster Marine is no longer owned by its founder Richard Matthews, who sold out to a fledgling private equity company for $50M+ British pounds back in 2008. I personally tend to doubt it is merely a coincidence that the company’s first known major production problem, after many decades of building boats, occurred after vampire capitalists took control. I would be very surprised if a boat built by Matthews ever suffered damage like this. I have sail-tested a few Oysters and sailed on one once from Virginia to Bermuda through the edge of a hurricane, and I remember pre-buyout Oysters as being reassuringly overbuilt.

  • THE TALK OF MIAMI: Big Motors & Oyster Rumors Confirmed

    Boats and skyline

    I put in an appearance at the Miami International Boat Show last week for the first time in a few years. My first visit actually since the main part of the show moved out of Miami Beach and consolidated all its bits in front of the old Marine Stadium on Virginia Key. While roaming the ever-shrinking sailboat side of the show (it didn’t take long) I had a few conversations about the demise of Oyster Yachts. Word on the docks had it that the Polina Star III keel disaster was indeed the proximate cause of the boatbuilder’s sudden liquidation. And now today we find that Alexander Ezhkov, the aggrieved Russian owner of Polina Star, has unveiled a full barrage of information pertaining to his ongoing dispute with the builder on a website appropriately entitled How It Went Down.

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