- Category: News & Views
- Created: Thursday, 10 December 2015 16:19
- Written by Charles Doane
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.Write comment (5 Comments)