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Hatteras Yachts out of business?

  • Thread starter Thread starter Ragbagger
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Ragbagger

Member
Joined
Apr 23, 2007
Messages
47
Status
  1. OWNER - I own a Hatteras Yacht
Hatteras Model
39' CONVERTIBLE (1994 - 1997)
We just got back from a 7 day trip. Had a great time, boat and all systems ran prefectly. All you guys on the thread about people enjoying their boats. Yea, we did a lot of maintaince before we went, but we sure had a great time, well worth the work. I'd go again tmorrow if I could.

To the subject----

While at Charlston City Marina, I talked to a couple that had just taken delivery of a Nordhaven 63 and were headed for Bermuda. They were from North Carolina near New Bern. They told me that Hatteras was done and out of business. There were some suitors to acquire the assets, some funky boat companys, can't remember. I haven't seen any news about it.

Any one heard anything?
 
I have heard that they are closing the New Bern facility and moving or consolidating at one of the othe facilities......somewhere in Illinois. This is only rumor and not fact, just what I heard last week.
 
Given the fact the Hatteras University was just over a week ago, I find it hard to believe that Hatteras is out of business at this point. Surely there would have been information given to that effect at that time if it in fact were true.

Losing Hatteras would be like losing Harley-Davidson as far as American icons are concerned. Let's hope they can survive this mess and keep the tradition going.
 
Good God let's hope not.

They've made it through all the tough economic times before this one...
 
They closed one of the plants last year, and that set off a rumor that they were closing. While I can't say for sure, it sounds like uninformed people just repeating the same rumor.
 
I doubt they are out of business but would not be surprised if they were in some stage of restructuring discussions.
 
I live in New Bern and haven't heard anything
 
Wow, I sure hope not...
 
We got back to New Bern Monday. No basis at this point to the rumor; they made some deep cuts earlier in the year, including suspending the Hatterascal program. They apparently have enough orders booked to keep it going for the foreseeable future at this level.

I hope those rumor mongers enjoy their Taiwanese boat.
 
As of today Hatteras is in business with a reduced staff. Still building boats, just fewer.

Not hard to understand how someone who purchased an expensive Taiwanese boat, would easily get confused. Maybe its Nordhaven that went belly up. The spelling of Hatteras and Nordhaven are so close that some folks could get them mixed up ! ! !

Pete
 
haha...Nordie isn't anywhere near bankrupt...they are actually expanding their facilities. But that's another thread...
 
Having Just toured the Hatteras facility last week at the University I cant say that I wasn't saddened by what I saw. There were fewer than a dozen boats on all four production lines and while the new vacuum bagged sport fishes are gorgeous, I still think they have lost their way on the larger MY's (I own a 58 MY.) and all the fast, semi-custom battlewagons built by companies with low corporate overhead out there have to make the convertibles a tougher sell.

I just have to believe that the brand Hatteras will live on, hopefully eitehr restructured or under new ownership that should IMHO look back toward the uniquely Hatteras tradition of quality tradition AND innovation in the design of the next round of vessels.

I think they gave away their market share to Flemming, Marlow, and even slick marketers like Nordhavn.

Thats not a knock, they are smart and functional and reasonably well built but please... make a boat in SE Asia, give it some traditional lines, under develop the machinery in the name of efficiency give it a Nordic sounding name and watch them line up to buy them... brilliant.
 
under develop the machinery in the name of efficiency

??? All the systems I've seen on a Nordie or Krogen have been top notch and way OVER built... ???
 
When you say underdevlop machinery are you talking about underpowered, inferior components, both? Is this mechanical, electrical, ?
 
Thanks everyone.

I agree with everyone and don't belive it either. Hatteras will live on.
One thing for sure, that Hatteras name plate always evokes a reaction one way or the other where ever you go.

Now I have to do a little post-trip maintaince. I think I sucked a couple of snowbird Tiwanese trawlers in the hull air intakes. HA HA.
 
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As I said, its not a knock and they are exceptionally smart boats and marketers. I think it's brilliant that they could put a single screw in a 60,000 lb vessel, wildly under power it, and bill it as the most capable passage maker on the market.

The first tug I ever sign on to was an old salvager with a single plant. I can tell you from personal experience I enjoyed life much more after I was promoted to 2nd officer and assigned to a twin screw vessel the same tonnage but three times the HP.

I don't think nordhavens are unsafe I just think they would be MORE safe with two plants and enough HP to push the hulls further past hull speed in a pinch. To do so however would cut deeply into their profitability and require them to engineer more fuel capacity into their hulls (read bigger stronger hulls.)

As far as their systems, what I have seen at shows (the sum total of my experience) and as I said they look well laid out and the John Deere plant is an exceptional motor. I would just want two bigger ones if I were to drop a couple million on a vessel.
 
Ah, ok, so its about the power for you. Because they reach hulls speed at less than 1/2 throttle as is. I would actually rather have twins too...but smaller twins, maybe like twin DD 453s or Perkins 4.253 or something like that.
 
I was told by Roger W from Jarrett Bay that Hatteras is down to around 325 people, however, half get furloughed each month to alternate in order to keep the talent at Hatteras for when things get better in the boat building market. Amazing that only a few years ago, they had 1,400 people under their roof.
 
Another chance to compare Nordhaven and Hatteras. I can't resist any longer. What we are comparing is a brand that markets their ability to cross the ocean with several owner operated boats, with the assistance of numerous factory support folks to keep them running versus an single Hatteras owner that did it all by himself 30 years earlier. What a claim Nordhaven has to brag about, we can fix them as fast as they break. BTW, the Hatteras 30 years ago did not need any fixing.

I reject the boat show comparisons. A contest as to who can display the best prepared couple of boats. Want to see a real comparison. Find a couple of Nordhaven and Hatteras that are 3 or 4 years old, privately owned and used, sitting on the hard, and put your glasses on. I did exactly that about 4 months ago. Two Nordhaven and several Hatteras, both sport fish and motor yachts. Give them a good visual examination. What do you see? Lets start with the under water Nordhaven fittings. Eroded on both boats I saw, likely electrolysis. Notice the Nordhaven hull finish and fairness, probably good competition for a ferro-cement finish, notice the pitting of the stainless deck gear, and the Marine Trader style semi transparent interior wood finish. That finish is great for hiding a lot of small imperfections. None of this crap on the Hatteras. Worst I could find was some stainless pitting on the swim platform ladder. These are different boats for sure, but when you focus on the quality of workmanship and materials, these boats are miles apart.

So why do Nordhaven boats sell. Simply stated, you do not have to be smart to have money; have you noticed the fall out of the newly revealed ponzi schemes? They have a style that is attractive to many buyers. Nordhaven builds their boat in the far east to take advantage of the labor costs and avoid western world environmental requirements. They use US components where brands are visible and recognizable. Then they ship their product here and place a premium price on it. It costs a lot, it must be good. Someone is getting wealthy.

And finally, three thoughts on related subjects. First, Hatteras may not be building the boats that members of this forum admire. They could build a boat that I would really get excited about and like to buy. Just one problem. I do not have $2M plus for boat buying. So, no sale. They are simply not building boats for me and perhaps others on the forum to buy, since we will not. Just the facts of life. They are trying to provide a product attractive to those who are in a position to buy. Second, I wonder what the factory support for Nordhaven is like, once the sale is complete and after the warranty expires. Think they match or come close to the Hatteras support for all their boats, new, old, and very old. Doubtful? And last but definitely not least, Hatteras is a "Made in the United States" boat, for those who consider that fact.

Pete
 
Skooch was docked in VA one evening when a brand new 47 Nordy rafted up. We all went to dinner and had a great talk. Nice people and a nice boat. After dinner and drinks I sat on Skooch's flybridge and noticed that Skooch was lined up perfectly with the Nordy stern. Then I noticed the bow of the Nordy was may be a foot longer. What? Skooch is a 42 LRC and is basically the same length as a 47 $1.2 million Nordy.
I'll keep Skooch with a bigger master stateroom, bigger saloon, bigger flybridge. I would like a pilot house, oh well.
One other thing, We have met serveral very nice Nordy owners in our travels and 4 out of 4 have loved their boats but hated Nordhavn. Including the guy who just spent $1.2 on his 47ish boat that complained Nordhavn did not treat him well and he was banned from talking to them.

Skooch
Worton Creek MD
 

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