10 TIPS - Kadey

Fall 2015
TALE OF TWO
TRAWLERS
10 TIPS
Sizing up the
Buying Experience
For Cruising the
Caribbean Islands
Women at the Helm
THE RETIREE
NEXT DOOR
SheWORTHY
Krogen 48’ North Sea Tusen Takk II at Petit Piton in St. Lucia
In This Issue:
Tale of Two Trawlers:
Sizing Up the Buying Experience . ............................................................................................... 2
Dear Owners & Enthusiasts .......................................................................................................... 7
Ten Tips - Cruising the Caribbean ............................................................................................... 8
Jenny’s Watch . .................................................................................................................................11
Don’t Lose Sight of the (Brokerage) Goal .................................................................................11
In The News .................................................................................................................................... 13
The Retiree Next Door . ................................................................................................................ 14
10th Annual Photo Contest ......................................................................................................... 17
Navigating an Active Retirement ................................................................................................ 18
Sheworthy: Women at the Helm . ............................................................................................... 19
Welcome New Owners . ................................................................................................................ 21
Brokerage Listings . ....................................................................................................................... 22
Upcoming Events . .........................................................................................................Back Cover
Check out these and other
items online for ordering
information, or call us at
store.kadeykrogen.com
772-286-0171.
Key Ring - $10.00
Tote Bag - $55.00
Men’s & Ladies’ LL Bean Fleece
apparel starting at $70.00
Men’s & Ladies’ Flip-Flops - $48.00
Dog Collar - $25.00 • Belt - $40.00
1
Tale of Two Trawlers
Sizing Up The Buying E xperience
By Cece
Marrying in 1978 and buying their first boat the
following year (a Chris Craft Scorpion), the Cookes
loved Minnesota lake life—despite the short boating
season! The following year, selling the Scorpion,
they bought a slightly larger Bertram 28’ Flybridge
Cruiser with more practical accommodations, but
ultimately sold that boat quickly as well when work
took them away from the water. It wasn’t until moving
to Colorado and purchasing a ski boat 15 years later
that the couple returned to a small local reservoir to
nourish their need for time on the water. And they
Cooke, Krogen 52’ “Sea Sea”
haven’t stopped since. Most recently, the couple has
enjoyed repeated charter adventures, a Tiara 4200
Open, and now a brand-new, beautiful Krogen 52’
named “Sea Sea”. However, getting to their KadeyKrogen came with a detour, an experience they
hoped they would never have to share.
In her own words, read Cece Cooke’s account
of purchasing their dream trawler twice…different
builders with entirely different outcomes in terms of
service and value.
2
Hooked.
After we chartered the same 42’ trawler three
times in three years (1996, 1997 and 1998—each
consecutive charter a little longer and navigating
a little further on our own), we realized that a ski
boat on a small reservoir simply wouldn’t “cut it”
for us anymore. We sold our ski boat and prepared
for our next adventure in life—on a bigger boat and
on bigger water. In fact, in June of 2006, I retired
from teaching elementary school after 30 years.
Woo-hoo! Plus, my husband was undertaking a huge
remodeling project at our third hotel and life was
good. We celebrated by purchasing a Tiara 4200
Open and took delivery at the factory in Holland,
Michigan.
Our first trip out of the harbor was 125 nautical
miles up and across Lake Michigan to a Tiara
Rendezvous in Sturgeon Bay, Wisconsin. We were a
day late getting there due to mechanical issues, so
most participants had already arrived. I thought they
were being very kind rushing over to help us dock
our boat, but in reality, they were just protecting
their own boats! Handling twin 715 horse-power
engines was much different than operating our little
ski boat on a very small reservoir. People noticed
that our homeport printed on the transom was a
small town in Colorado, so they naturally wanted to
know where we planned to keep the boat. We told
them no place in particular, as we planned to do the
Great Loop. With puzzled faces staring back at us,
we were amazed by how few were familiar with the
trip that involves circumnavigating the eastern half of
the United States.
Eastern North American circumnavigation, “The Great Loop”
I explained how we were going to go up to the
Canadian border at Sault Ste. Marie, and then head
back down to Chicago taking the Illinois River to
the Mississippi, to the Ohio, and then navigate the
Tennessee River to Chattanooga, before turning
for the next leg. From the Tennessee Tombigbee
Waterway, we’d make it to Mobile, to Key West, and
then up the East Coast and through the Chesapeake
Bay, and out to the Atlantic Ocean to New York City,
and from there, go up the Hudson River through the
Erie Canal, across to the Trent Severn, and finally
back to St. Ignatious, Michigan, where the Tiara
Rendezvous was to be held the following year. When
I explained all of this, I’m pretty sure most of those
listening thought we’d sink before even getting to
Chicago! Well, a year and three days later, we arrived
at the planned rendezvous after having traveled
6,700 miles, never touching the bottom, nor putting a
scratch on the boat.
3
While navigating the Great Loop, we put 500
hours on those big Cummins engines, so the factory
asked if they could send a technician out to examine
them. The technician hooked up his computer and
determined that of the 500 hours, we had put on 100
hours at idle (in and out of marinas, riding up and
down locks and traversing no-wake zones), 150 hours
at cruise (25-knots, burning 42 gallons per hour)
and 250 hours at 900 rpm—which worked out to be
between eight and nine knots. We weren’t surprised
at the idle hours, but by the number of hours at
normal cruise (25 knots) and the number of hours at
the slower cruising speeds. On days when we didn’t
have long distances to travel, we went slow and
smelled the roses. In hindsight, those were our most
relaxing days.
was I allowed to log onto the owner’s blog site. No
one was allowed to view this blog except those who
already owned a boat built by this company or had
one under contract, which gave everyone a chance
to vent on issues without impacting the value of
their boats. We learned a lot about the pluses and
minuses of this company’s products based on the
discussions shared on this blog.
As our boat plans progressed and we were
a couple of months away from the molding, we
wanted to meet with our project manager to discuss
things that we could change to avoid the consistent
problems other owners had noted on the blog. For
example, the builder was having trouble with their
Chinese gelcoat product yellowing, and we wanted
to explore the possibility of using Cook gelcoat
(coincidentally the product used on all current
Kadey-Krogens for the past 15 years). I called the
manufacturer and asked for a meeting so we could
discuss gelcoat and about 20 other issues.
A Trawler It Is!
At that point, we were sold on the idea of getting
a trawler, so we entered into a contract with a trawler
manufacturer (not Kadey-Krogen Yachts) to build us
a 55’ boat. Once I signed the contract, only then
In response to my request for a meeting, the
company referred to our contract, particularly the
following statement, “Buyer agrees to route all postcontract communication, including change orders
with Seller, through his [manufacturer’s name]
sales representative.” So, we called our salesman
and asked him to arrange the meeting for us. The
meeting couldn’t be scheduled for 45 days! My
husband and I flew to California the day before
the meeting and met our salesman at 8 a.m. sharp.
Finally, at 11a.m., we met with the project manager.
He gave us 30 minutes of his time and we managed
to discuss four or five of our issues, at which time
he said he had to go! Floored, it was not a happy
moment for us.
When the recession hit the following year and
our two lead banks failed, taking delivery of the
boat became impossible. We forfeited a very large
deposit, but later decided it hadn’t been the right
boat for us anyway.
4
Second Shot.
Seattle for a boat show. We jumped at the chance.
In the fall of 2013, we decided to order a Krogen
52’. The boat met every single one of our major
requirements. A dedicated office space, check.
Washer and dryer, check. Covered aft deck, boat
deck large enough for a substantial dinghy, a
flybridge, a comfortable pilothouse, two heads, two
staterooms, a Portuguese bridge with wing stations,
and finally, a standup engine room with twin
engines—nine more checks! We began discussions
with Dennis, Larry Polster (Kadey-Krogen Yachts
partner) and one of Larry’s partners, Tom Button
(president and manager of construction for the
company). We signed our contract in May of
2014.
While struggling through the recession, we
spent some time thinking happy thoughts about
what would be our next boat. We didn’t want to
go through the same experience we just had, so
we took our time deciding. During our Great Loop
adventure we had met Dennis Lawrence briefly when
he was a salesman with Nordhavn. When we decided
to give Kadey-Krogen a look, I contacted Dennis and
learned that he had long since moved to Seattle to
open a Kadey-Krogen Yachts office. We liked Dennis
from the beginning.
Dennis went out of his way
to get us rides on multiple
Krogens. He was proud of
the way they handled and
wanted to show them
off, a very different
experience from
round one. Before we
placed our previous
order, we managed
with great difficulty
to get a ride on the
model we planned
to have built. When
we did, it was almost
a deal-breaker for me
because I was so sea sick.
But based on the builder’s
reputation, we went ahead and
ordered the boat anyway.
After signing the contract,
instead of waiting 45 days
for a 30-minute meeting
with a project manager,
we almost immediately
had a full-day meeting
with Tom, Dave
Glasco (Kadey-Krogen
Yachts’ in-house naval
architect), and Dennis.
We covered what
seemed like a thousand
issues, many of which
brought up by them, to
make sure we ended up with
the boat we would love. No
issue was too small or too large!
What an invigorating experience. We
left the meeting that day convinced, that
to people at Kadey-Krogen, our happiness was a
priority.
The first sea trial Dennis got us on was taking a
brokerage Krogen 44’ from Anacortes, Washington
to Seattle. The seas were lumpy, but it was a great
trip in many ways. We were most impressed by
how one could hand-steer the boat as it seemed to
track like it was on rails. Later, we chartered Mike
Warren’s Krogen 52’, “Suite Judy”, for four days in
the Chesapeake Bay, hoping it would give us an
opportunity to see how that model would perform in
lumpy conditions. Unfortunately, the water was dead
calm the whole time! Darn! Dennis then invited us to
meet him at Vancouver Island, where he was picking
up a customer’s Krogen 52’ to bring her back to
During the construction process, Tom made 10
suggestions for items that would further improve
our enjoyment of the boat—and for each suggestion,
we made the change. He and Dave tried very hard
to make the whole process easy for us, and my
husband talked with Tom at least once a week during
the build process. If he was bothering him, Tom sure
hid it well.
5
Cece’s Krogen 52’–“Sea Sea”
commissioned). Furthermore, he contacted our
dinghy supplier, carpet supplier, and our custom
mattress manufacturer, and he scheduled our
interior designer to take final measurements and
install their products! It was clear to us that Gregg’s
intent was to finish all work as soon as possible and
as perfectly as possible so we could go boating. I’m
convinced that because of Gregg’s attitude, we were
boating at least three months sooner than if we had
taken delivery of the other boat.
Blown Away.
Why were we so blown away? To further quote the
contract from our previous experience, “Any postcontract changes that require revision of existing
architectural, electrical or engineering drawings
by Seller shall be billed to Buyer at $225 per hour.
Project manager research, engineering, construction
supervision or materials management resulting from
changes shall be billed to Buyer at $100 per hour.”
We probably had at least 100 hours of Tom’s time
and perhaps 50 of Dave’s time. We even asked Dave
if he could deliver us the dimensions of the hull from
above, so we could have our dock builder place the
pilings correctly for the Slidemoor system we had
installed. Plans came from Dave before the close of
business that day. Total cost for all of this service…
nothing!
Lastly, nothing irritates my husband and me more
than a la carte pricing. With my husband’s hotel
background, it upsets us to walk into a hotel room
and find a bottle of water, which we know costs the
hotel less than 25 cents, and they charge $6! Success
comes from delivering service and not nitpicking the
process. The entire process of purchasing, designing
and building our boat with Kadey-Krogen Yachts was
at a service level I would expect at a Four Seasons
or a Ritz-Carleton hotel. And, our experience has not
stopped since we left with our boat.
Our boat landed in Charleston on March 27,
2015. We were invited along on the delivery of the
vessel to Stuart where it was commissioned, but
prior commitments prevented us from joining Gregg
Gandy and his other captains for the trip.
I point out these differences not to denigrate the
other manufacturer, but to demonstrate the great
value in purchasing and building a Kadey-Krogen
yacht.
Upon arrival in Stuart, Gregg arranged for “Sea Sea”
to be cleaned, the commissioning and inspection
of all systems commenced, and he contacted the
electronics installer and told them they could start
the following Monday (while the boat was still being
Cece Cooke
Respectfully submitted,
6
From the
PILOTHOUSE
Dear Owners and Enthusiasts,
Moving, by definition, is “producing or
transferring motion or action” and there
certainly was a lot of moving within the
Kadey-Krogen Yachts family this spring and
summer. First, there was “moving” into a
new home. As a company, we moved into
our fourth corporate office in May, located
at New England Boat Works in Portsmouth,
Rhode Island—a tremendous New England
yachting destination. Tucker West, KadeyKrogen Yachts partner and vice president of
sales, is managing this expansion effort and
outpost. Portsmouth joins the Annapolis,
Maryland office (where I am based), the Stuart,
Florida office (where my other partner, Tom
Button is based) and Seattle, Washington
(where 30-year industry veteran Dennis Lawrence
runs the show). We have no dealers, only
professionals equipped to help you look
for a new Kadey-Krogen yacht or one that
has been previously enjoyed. Said another
way, we are the source to help fulfill your
cruising dreams.
Expedition “Choisi” completing her year-long
journey from Alaska to Maine via the Panama
Canal—all while her owners “home” schooled
their two girls. What an educational experience
for those young ladies! And, speaking of the
Canal, Krogen 54’ “Oasis”, Krogen 48’ North
Sea “Adventurous Ohana”, and Krogen 58’
“Reel Dreams”, all made their way westward
through the Panama Canal (which actually runs
North and South) as well. Look for updates on
these adventures online and in the next issue of
Waypoints.
Then there are those that headed south
along the East Coast of the United States
last fall, and just kept on going! Krogen 39’
“Bodacious”, Krogen 42’ “Partners”, Krogen 48’
North Sea “Sylken Seas”, and Krogen 58s “Anne
Louise” and “Seamantha”, caught up with
Krogen 48’ North Sea “Tusen Takk II” deep in
the Caribbean.
In fact, Tusen Takk II left Savannah, Georgia
for the Caribbean 10 years ago—and in this
issue, they share their top tips for cruising
those beautiful islands. Who knows how long
the others will be out cruising! Whether your
dream is to travel from Alaska to Maine like
“Choisi”, the Intracoastal Waterway, around the
world, or deep into the Caribbean, our staff at
one of our four Kadey-Krogen Yachts offices is
standing by to assist.
There’s also been a lot of movement of
Kadey-Krogens, both near and far, with two
notable trips now taking place in cooler
climates. Post-Atlantic crossing, Krogen 42’
“Dauntless” continues her travels through
Northern Europe via the English Channel and
the North and Baltic Seas. While Krogen 48’
North Sea “Alizann” cruises Newfoundland and
Labrador, Canada.
Fair Winds,
Meanwhile, other adventures in more
moderate climates included Krogen 55’
7
Tips
0
1
Cruising the Caribbean
By Chuck & Barb Shipley,
Tusen Takk II
Chuck and Barb Shipley, formerly of Richmond Hill, Georgia —
just south of Savannah, hope more trawlers continue to make the
Caribbean Islands a part of their cruising plans. A decade ago,
Tusen Takk II, the Shipley’s Krogen 48’ North Sea, was a trawler
among many sail boats. Today, more Krogens and power boats
of many kinds join them in the epic adventure.
Barb retired in 2004 and while she waited for Chuck to
“get free” a year later, she became a captain and earned
a 50-ton master’s license. They sold their home and cars
10 years ago and are happily living aboard their yacht,
taking National Geographic-quality pictures (this issue’s
cover photo courtesy of Chuck), and cruising where they will.
Below, in Q & A format, the Shipley’s dish their sage advice.
More can be found on their blog at http://tusentakk2.com/wordpress/.
8
If you don’t have a home address, how and
where do you receive mail?
When we retired and sold everything in Georgia, we
changed our residence to a mailing service in Florida.
This not only solved the problem of having a place for
our mail to be sent, but also freed us from state income
tax and yearly property tax on our trawler. The service
forwards mail on request and also scans the outside
of envelopes/packages so you can view them when
you have an Internet connection. If you want to see the
contents of an envelope, it is available for viewing and
printing the next day. And, when guests come to visit, we
have our mail sent to them before they depart so they
can bring it with them.
How do you provision? At local markets?
What do you look for in regard to food
safety?
On many of the islands, there are surprisingly great
supermarkets. We usually get our fresh fruits and
vegetables from local markets, as do most of our cruising
acquaintances. We wash fruits and vegetables thoroughly
when we return to the boat, and doing so, we’ve never
had stomach problems. Nor have we ever had concerns
after buying prepared foods at local restaurants or from
street vendors.
In general, it is unnecessary to pack large amounts
of food from home. Many first-time cruisers pack way
too many canned goods and extras. If you don’t eat it
at home, you probably won’t eat it on the boat. Plus, it’s
more fun to try local foods and cook with local products
and recipes.
What planning is involved when having
two couples (or more) stay on board?
We have had guests a number of times and have
thoroughly enjoyed the experiences. Our Krogen 48’
is quite commodious as our guests have their own
bedroom (stateroom) and their own shower and
bathroom (head). One has to be careful about making
commitments to be somewhere on a specific date to
pick-up or drop-off people, but Barb and I have always
avoided problems by building in a cushion in the
timeline. You certainly don’t want to get into a situation
where you feel obligated to travel when the weather
conditions would suggest otherwise.
Is it best to have cash, credit cards, or
traveler’s checks? Or, a combination of all?
Thankfully, ATMs are widely available. We use them
almost exclusively as a source of cash (in the currency
accepted on that island). However, please note, many
banks charge fees to withdraw cash from an ATM not
affiliated with their bank; we skirt around those fees
by using a VISA card tied to our Schwab account that
refunds any fees applied. We pay by credit card for
groceries at the larger stores, and also for marine
supplies, bottom painting, etc. We haven’t used traveler’s
checks in years, and we don’t know of any cruisers who
still use them.
If you and your cruising partner enjoy guests on land,
chances are you will enjoy your guests on the water! If a
short visit is all you enjoy with friends and family at your
house, you will want to tactfully ensure that their visit on
board will be of similar duration.
When choosing credit cards, we recommend that you
shop around. Additionally, many cards charge a three
percent to five percent fee for foreign transactions.
Do you have a medical kit stocked with
non-prescription and prescriptionstrength medicines?
We do have such a kit! Most of its contents are
common sense, but it also includes some prescription
painkillers and antibiotics—some for “above the waist”
and some for “below the waist”. It is amazingly easy and
cheap to buy prescription-type drugs in the Caribbean,
but not the French islands because their standards are
similar to those in the U.S. We also have a copy of the
book, “A Comprehensive Guide to Marine Medicine”, by
Weiss and Jacobs, for quick reference.
When traveling in the Caribbean, is there a
language barrier?
In the eastern region of the Caribbean, a few islands
are French. Not just French-speaking, but have all the
privileges and responsibilities thereto appertaining (such
as the right to vote in national elections). Barb and I
don’t speak more than a few words of French, but have
always managed to get by—either because we dealt with
multi-lingual locals or because we are sufficiently adept
with gesturing! And, the delicious French food makes
9
What mechanical services, if any, can
you find while cruising?
We expect to do most lighter maintenance and
repairs ourselves. Some islands have excellent
mechanical services, while others have virtually
none. Some particularly good places for services
are Puerto Rico, St. Martin, Martinique, Curacao
and Trinidad—and to a lesser extent, St. Lucia and
Grenada.
the effort well worth it. The rest of the eastern
Caribbean islands are former English or Dutch
territories, and English is the predominant language.
The Dominican Republic is Spanish-speaking, but
we got by just fine speaking English. All of South
America (except Brazil, of course) and Central
America are Spanish-speaking; though we have met
folks who can’t speak a word of Spanish who said
they experienced no problems making themselves
understood.
Based on your experiences, what
would you do differently?
Off the northern coast of Venezuela are
the ABCs (Aruba, Bonaire and Curacao). Their
official language is Dutch (and Papiamento), but
English is widely spoken and we had no trouble
communicating.
• Start earlier (when we were younger)!
• Equip the vessel with a pair of flopper stoppers and appropriate arms (for at-anchor
stabilization) before leaving the United States.
• We wish we had a less energy-consuming
refrigerator. However, we love its size and the
ability to keep, say, ice cream, in the freezer.
This makes us immensely popular with our
friends on sail boats with small inefficient
refrigerators.
Is there a book or another resource
that rates and ranks Caribbean
marinas?
We don’t use marinas much, as we mostly anchorout. However, we occasionally pop into one briefly,
just to equalize our batteries. But in Trinidad, where
we spend the active hurricane months, we do stay
at marinas because there are no decent anchorages
for large trawlers. Also, we’ve come to know, that
many of the Caribbean Islands really don’t have
appropriate marinas. But there are excellent
published sources that describe anchorages,
marinas, and more.
• You cannot have too much storage space for
spare parts, lubricants, and tools. I should
have built even more storage racks down in the
engine room.
• I would not wait so long to install solar panels.
We now have three panels on the pilothouse
roof and two more on our “constructed-for-the purpose” T-top. They keep our batteries so
much happier and they greatly reduce the
frequency and duration of our generator use.
Are there places in the Caribbean and
along the Central America coastline
that you would not go to, and why?
Mainland Venezuela has become increasingly
unstable and dangerous—and only the foolhardy get
anywhere near its northern shores. There have been
too many acts of violent piracy to tread there. When
we cruised from Curacao to Bonaire in December
2014, we traveled along an arc that kept us far north
of the Los Roques and Las Aves Islands that are far
enough from the mainland to have been formerly
considered safe, but now are also mostly avoided.
•
Furthermore, there are anchorages in St. Vincent
that have a horrible reputation for break-ins and
robberies, including Wallilabou and Chateaubelair,
in particular. Two online resources for news of
incidents on the water are www.noonsite.com/
General/Piracy and www.safetyandsecuritynet.com.
10
I would not have waited so long to replace our 17
gallon-per-hour water maker with our 50 gallonper-hour unit. Rinsing off dive gear and
soaking underwater cameras takes lots of
water, as does keeping salt and dust off the
exterior of the boat.
Director of Marketing
and Public Relations
Jennifer Burkett
Jenny’s Watch
Some say boat builders are all guilty of delivering the
same luxury, quality, blah, blah, blah lip-service in their
writing and marketing. Where’s a true representation of
the lifestyle? Where’s a woman’s perspective? (Besides
smiling women lounging in bikinis in ads.) Where’s the
romance of life on the water? The thought sparked a
deeper discussion within our walls last summer and
we resolved to initiate a regular feature in our monthly
NAVAID eNewsletter as a starting point to doing all that.
By now you have probably read at least an installment or
two of the new newsletter column—the section is called
“Sheworthy”. And if you have not read it, then most
assuredly, you have seen our new print ads in most of the
consumer marine publications. So, why did we coin “sheworthy”? Simply put, it’s a
nice play on words. A boat is referred to as “she”, as is a
spouse or significant other, and both deserve the safety,
comfort, capability and livability found on a seaworthy
Kadey-Krogen yacht. Not the glitz and glamour so often
portrayed in advertisements. From us, it’s just honest
solutions. More storage. More options. More like home.
More to see. More of what you both want!
See you at the 2016 winter shows (I’m on maternity leave
at the moment)! In the meantime, please write Larry Polster
about your Kadey-Krogen cruising adventures along
with your hi-res pictures to larry@kadeykrogen.com. The
Kadey-Krogen message is one that goes around the world
and I’m eager to share your story.
Offended by Sheworthy? Don’t quit reading now.
Sheworthy is just as much about men as it is about
women. Sheworthy is not designed to stick women “in
the kitchen”, but rather to share a female representation
of the cruising lifestyle, which, in most cases, is the same
as their spouse—albeit sometimes it takes a little longer
for them to realize! Safety AND comfort, capability AND
livability.
Fair Winds,
BUYING OR SELLING?
By John Gear, CPYB,
Kadey-Krogen Yachts
DON’T LOSE SIGHT OF THE
(BROKERAGE) GOAL
Kadey-Krogen Yachts turns 38 years old this year, older than almost any of the boat manufacturers
involved in the full-displacement pleasure craft business. And those who follow our progress also know
that late last year we reached our 600th hull milestone.
Another notable achievement, we have a staff armed
with more than 150 years of industry experience,
averaging 17 years per person. These two facts are
a testament to the Krogen design and the company’s
dedication to evolving the cruising lifestyle—and the
priceless experiences enjoyed by those who choose to
embrace the dream.
11
I don’t think it will come as any surprise to you that
many of those 600 hulls have had more than one owner, with
many of you reading this falling into the category of “current
owner” or “previous owner”. Some of you even fall in both
categories, perhaps more than once. That is a statistic that
makes us both proud and humbled. It goes without saying
that every new boat had a new owner, but nothing lasts
forever and eventually the time comes to move up, move
down or move out, which brings us to the purpose of this
article – The GOAL.
There is only one goal when it comes to yacht
brokerage—to pass the command. Whether you are the
buyer or the seller, the goal is the same. Obviously,
the perspectives of buyer and seller are different, but
a successful transaction can be declared if, and only if,
the boat is under new command. The results are easily
measured, but getting there is a whole different story. Read
on for a few suggestions, from our 150 years of combined
experience, that we hope help you the next time you are
buying or selling.
•
If there is one overriding factor that must be prevalent
throughout the entire process, it is, in a word, honesty.
Honesty, not as the opposite of dishonest, but rather your
“honest” expectations, be you buyer or seller. For
example; a seller wanting “as much as I can get” is no
more honest than a buyer wanting to “pay the least
amount possible”. With today’s instant access to
information, the used boat market is far more defined
than in years past, when we were at the mercy of outof-date sales statistics and mechanisms. So, be honest
with yourself as to what you really want. The market will
ultimately be the arbiter, but you can help achieve
The GOAL by having honest expectations.
•
Be realistic. In many respects this is a specific example
of honesty, but so important that it deserves its own
mention. Yes, there are exceptions to every stated fact,
but they are just that, exceptions. If you are being
honest with yourself, is it really prudent to look to be
the benefactor of an exception, regardless of what side
the transaction you are on? Or, do you want to
accomplish your goal? Rarely do the two meet, and
even if they did, how long do you want to wait for
something that may never come? If you’re selling, you
want to get on to the next chapter whatever that may be,
and if you’re buying, you want to get on the water—
neither of which are going to happen with unrealistic
expectations.
If you are selling, remember that typically the first
offer you receive will be your best offer. I remember
one transaction from last year where the ultimate selling
price was almost 20 percent less than the first offer that
was received more than a year earlier. As a seller, even
if you think you might be able to do better by declining
that first offer and waiting for something better to come
along, you should consider the continued cost of
ownership. If you are buying, there are three key points
to remember. First, there is no such thing as the perfect
boat. If you find 75 percent of what you are looking for,
buy it! Second, don’t succumb to “analysis paralysis”. I
see this quite often, especially from people with an
engineering, math, or accounting background. They try
and pick the perfect boat via a spreadsheet. Trust me, it
does not work. All it does is lengthen the time before
you get behind the wheel. This brings me to the third
point. You only get so many spins around the sun.
•
Trust the knowledge and experience of your broker. He
or she is an asset and a resource. While most brokers
are equipped with the “tools” necessary to technically
complete your transaction, your Kadey-Krogen Yachts
broker brings a dedicated, in-depth perspective of the
power cruising market. Whether the vessel is an
American Tug, Back Cove, Eastbay, Grand Banks, Mainship,
Nordic Tug, or Sabre, they all are part of our Brokers’
bread and butter.
And if you are buying or selling a Kadey-Krogen, there
is an even greater benefit to working with one of our
staff. You benefit from the broker’s direct access to
original construction and other historical information.
Information has been paramount to achieving The GOAL many, many times in the past. Your broker’s
eyes are on the same goal, and they thrive on being able
to facilitate and accomplish that one GOAL for all
concerned. There is no substitute for dedication to the
cause. Whether it be buying or selling,
Krogen or otherwise, give your broker
the opportunity to prove their worth
to you.
We are all involved with “pleasure craft”. So let’s enjoy the process, be we buyer, seller, or broker. It is supposed to be pleasurable, and our GOAL should be to make it so.
12
KADEY-KROGEN:
IN THE NEWS
MARINA LIFE MAGAZINE
Winter 2014, Soaking Up Life From The Water
SEA MAGAZINE •
VOLUME 107, NO.
CRUISING GHOSTS,
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YOUR INSURANCE
SEA MAGAZINE
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14
EARLY SACRIFICES LEAD
TO EARLY RETIREMENT | Betty Robinson
Living the Dream on Land and Sea
By Emily Guy Birken, author of
The Five Years Before You Retire
Article originally appeared on MoneyTips.com
Now in her 60s, Betty Robinson spends most of her
retirement on her Krogen 48’ North Sea, named “LiLi”.
“I lived within my means with the idea
that I wanted to retire much earlier than
my parents did, and I wanted to have a fun
time doing it,” Betty explains. She certainly
succeeded.
When Betty Robinson was working as an information
technology professional, one of her brothers criticized
her frugal lifestyle. “He said, ‘You could do so much
more – you’ve got plenty of money!’” That frugality
allowed her to retire in her mid-50’s and live fulltime on
her 48-foot Kadey-Krogen yacht, travelling between the
Chesapeake, the Florida Keys, and the Bahamas.
Know Where Your Money Goes
Living the dream? Not quite. Missing her life on
land, she recently purchased a summer cottage on Bald
Head Island in North Carolina, where she now plans
to spend her summers while still calling the boat her
home each winter. And her brother? “I got to retire many
years before he did and I have a fabulous lifestyle that
he envies, and it’s a result of purposely living a more
restricted financial situation when I was younger.”
One of the keys to living below your means is
understanding exactly how you spend your money.
Betty recommends documenting each and every dollar
that you spend in order to live your lifestyle.
“For a lot of people, a dollar comes in and a dollar
goes out, and they have nothing to show for it at
the end of the year. So I do believe that you need to
understand – and you need to document – how you
spend your money.”
Live Below Your Means – Far Below Them
Not only does Betty have great discipline, but she
has always budgeted, starting with her very first job
out of college. Back then, when she was earning $9,600
per year, she used envelopes to keep herself on track
and make sure she didn’t spend her rent money on
entertainment.
Betty still walks the walk. Even in retirement, she still
tracks all of her expenses, although today she uses an
Excel spreadsheet instead of envelopes.
15
Consult an Advisor
When Betty
retired just under
a decade ago, she
sat down with a
financial advisor to
help her map out
her financial future.
She wanted a plan
that would take
care of her nautical
lifestyle well into her
90s, including the care and upkeep of her yacht. Even
though Betty is no longer earning an income, she still
meets with her financial advisor once a year, and she
built potential investments – such as her recent summer
cottage purchase – into her post-retirement financial
plan.
Budgeting and tracking expenses are an excellent
way to increase your savings rate, but most workers
need a hand figuring out where to put those savings.
Betty recommends getting involved with a retirement
planner early.
“If you have the
wherewithal to pay for a
retirement planner, you
would want to at least
get some advice in your
30s and 40s, particularly if
you are planning on
retiring in your 50s, like I
did. Our lifespans are
longer, so the sooner
you start to understand
what your finances need
to look like to sustain
yourself for forty years of
retirement, the better.”
Betty Offers the Following
Advice for Achieving Your
Dream Retirement:
3
1
START AS EARLY AS POSSIBLE
Betty was raised by savers, and she was always
expected to put some money aside. “As a teenager,
I was always expected to save, and I was expected
to pay my own way as soon as I was financially
able to and got on my own,” she says. This put her
in the right place to be a diligent saver
throughout her career.
2
“Part of the planning process,” she explains, “is
figuring out how I might finance a house when I am no
longer earning an income. I planned when I was making
money, and I planned on how I could make investments
after I stopped making money.”
TAKE ADVANTAGE OF EVERY WORKPLACE
SAVINGS OPPORTUNITY
Any time one of Betty’s employers offered a tax
-advantaged savings program, she would immediately
take them up on it. That means she always got the
maximum company matching of funds and used
every savings instrument available to her.
SOCK AWAY YOUR BONUSES
It took a lot of discipline, but Betty made a habit of
putting almost every penny of her bonuses into her
retirement savings accounts.
“My job paid funds beyond my normal salary. So doing
my best to get every bonus I could earn and putting it
away in my retirement accounts was another important
way to save.”
Betty’s retirement is living proof of the
old saying, “Good things come to those
who wait.” “From my vantage point, I see
a lot of younger people living for the
moment, and that’s fine, but those
moments won’t exist later in life,” she
says. “I did this all on my own.
It can be done with enough
planning and enough
forethought.”
Robinson is among many retirees and semi-retirees whose journey to financial freedom is featured in the free eBook, “The Definitive Guide
to Becoming the Retiree Next Door,” published by MoneyTips.com. While most Americans worry that they won’t have enough money to
retire, this group of successful retirees shows that many fulfilling paths are possible despite the challenges. Download it today at http://www.moneytips.com/retiree-next-door-profiles-ebook.
16
DEADLINE
November 14, 2015
Photo Contest
10TH
ANNUAL
If a Kadey-Krogen could talk, she would tell tales about
all the beautiful waters she’s cruised and the all the people
she’s met along the way. That’s why we let your pictures
do the talking through our Annual Photo Contest! This
year, submit your best At Home On Any Sea™ lifestyle
shot. How are you living the good life on your Krogen?
Are friends, family and grandchildren on board? Is it the
memories made at a Rendezvous? And, we know your
pets are living it up too! Sort through your pictures and
plan on entering the 2015 Kadey-Krogen Yachts photo
contest. Enter by November 14, and you could win the
first place $300 West Marine gift certificate or the $200
second place or $100 third place gift certificate. The
contest is judged on creativity as well as photographic
quality, and a Kadey-Krogen must be in the picture.
Your photo could appear in publications! Enter today!
2014 W
inner
High-resolution digital shots are only accepted and by
entering the contest you agree to allow Kadey-Krogen Yachts
to use any photo in any promotional material. All images
should be identified by file name. Include your name and
contact information, and where you took the photo. Digital
images should be taken at your camera’s highest resolution
setting with the least compression. Please email yourcrew@
kadeykrogen.com with questions. You can share your photos
with us through the free file sharing website Dropbox
(www.dropbox.com) or submit them on a USB thumb drive.
e
2nd Plac
Share by Dropbox to:
Larry@kadeykrogen.com
Jennifer@kadeykrogen.com
3rd Place
By mail on a USB thumb drive:
Kadey-Krogen Yachts
Attn: Photo Contest
7076 Bembe Beach Road, Suite 201
Annapolis, MD 21403
Please direct any questions to yourcrew@kadeykrogen.com.
17
Navigating an Active Retirement
Originally appearing in American Funds Magazine, Spring 2015
Before Doug and Jan Martin sold their home, car and
worldly possessions, they met with their financial
advisor. He helped them reposition their portfolio to
withstand the market’s storms. “With a lot of hard work
and our advisor’s guidance,” says Doug, “we’re living the
life we desire.”
And what a life it is. They embarked in the spring of
2014 on a multiyear journey to explore North America’s
waterways aboard “Day Dreams”, their Kadey-Krogen
39-foot trawler. They could be characters in an adventure
novel. Others might see them as modern day maritime
explorers, not unlike Magellan and Shackleton. In
reality, they are modest folks who lived frugally, saved
conscientiously and are now enjoying life on their own
terms.
Doug began boating as a child in Toledo, Ohio, and
had a job washing boats by the time he was 14. He paid
his way through college pumping gas and, following
graduation, began his career as a civil engineer. He
worked in Michigan and Pennsylvania before returning
to the Toledo area to join a national construction
company. Involved primarily with automotive projects,
Doug loved coordinating with clients and guiding ideas
through the design stage to completion. Eventually he
became a vice president, overseeing a range of projects
across the country.
About 12 years ago, Doug was introduced to a
Philadelphia-based financial advisor who suggested he
begin to supplement his workplace retirement plan by
making regular, systematic investments into growthoriented mutual funds. Every few years their advisor
would perform a quantitative retirement planning
analysis to ensure they were on the right track.
Following retirement, Doug’s advisor encouraged
him to consolidate the bulk of his assets into an IRA.
His current asset mix is designed to meet the dual
challenges of longevity risk (i.e., outliving his assets) and
market risk. About half of his portfolio is divided among
three equity-income funds, which seek income by
investing primarily in dividend-paying companies. These
funds tend to be less volatile than growth-oriented funds
and provide a degree of balance. About 20% of his
portfolio is in a mix of bond funds to add some stability
and income potential. The remainder is in growth funds,
which seek to keep pace with inflation.
Jan, Doug’s wife of 37 years, also built a successful
career, working as both an ER and construction site
nurse before settling into a long stint as a school nurse.
Their vacations were spent at sea, usually exploring the
Great Lakes. They enjoyed themselves, but yearned for
more. “You can only see so much in two weeks,” Doug
laments. Their dream was to retire early, around 60, and
travel the seas full-time.
After retiring in June 2014, the Martins began their
long-anticipated journey. They plan to spend the next
few years navigating the Great Lakes and Atlantic coast
— a first for the couple. They have a simple strategy —
spend the spring and summer in the north, then head
south for the colder months.
To test out their retirement lifestyle, the Martins
took leaves from their jobs and began a four-month trip
circumnavigating Lake Superior, which Doug refers to as
“the grandest of the Great Lakes.” They traveled 2,400
miles, visited national parks, walked the untouched
wilderness and watched a variety of animals enjoying
their natural habitats. They were determined to make
this their lifestyle in retirement.
Realizing that
pensions alone
couldn’t fund their
retirement, Doug
began investing in his company’s 401(k) plan as soon as
it was offered. He consistently “maxed out” his annual
contributions, took full advantage of his company’s
matching program and made “catch up” contributions
when he reached age 50.
The Martins are well-prepared for stormy weather,
both financially and nautically. Their advisor sought to
structure their portfolio to withstand market volatility,
and the Martins diligently track forecasts in order
to circumvent harsh seas. “The Great Lakes can be
something to reckon with when the winds start blowing
and the thunderstorms kick up — you really have to
respect the Lakes,” Doug says.
“You can’t outrun a storm, you
18
just have to ride
it out.”
Sheworthy
WOMEN AT THE HELM
By Ginger L Marshall, Kadey-Krogen 5204 “LivLife”
This simple act of seamanship evokes so
many emotions. For the men on the dock, it
ranges from disbelief to disgust. OK, to be fair,
many men give me thumbs -up and say, “Nice
job.” From the women, I typically get cheers,
applause or, “you rock”! Unfortunately though,
far too often the next thing out of their mouths
is, “I could never do that.” To that, I always say,
“Yes you can, and yes, you should.”
My transition from crew to captain was a
humble one. My husband, Gary, and I, previously
owned a sailboat that I could undock and sail,
but I just couldn’t master docking. The straw
that broke the camel’s back happened roughly
seven years ago when I was bringing her in.
We were literally half-way into the slip when I
unceremoniously handed the wheel over to Gary
and said, “I can’t do it.” Of course he stepped in
and brought her into the slip beautifully.
19
Fast-forward to buying our first Krogen—a 44’, Gary said
to me, “You will dock this boat as well as, or better, than me.”
Taking Gary’s words to heart, I learned to dock her and never
gave back the wheel. We now have a Krogen 52’. Our baby,
LivLife, is nearly 60 feet in length. If you told me 10 years
ago that I would be docking a boat this large, I wouldn’t have
believed you. But, you know what, the larger the boat, the
easier she is to control. She is heavier, sitting still in the water
until you give her direction—plus, she has more assistive
devices like thrusters and wing stations.
don’t want to be going any faster than the speed at which you
want to hit the dock.” All of this assumes you have a loving
husband/partner who supports your efforts to learn to dock
your boat; and why wouldn’t he? He loves you and he loves
his boat (order to be determined!).
If you find yourself having to dock in an emergent
situation, call ahead to the dock at which you will be landing.
Use your VHF radio or cell phone to let them know you
would like assistance. It can also be useful to communicate
to marina staff in non-emergent situations; especially when
pulling into a dock for which you are unfamiliar. Ask about
peculiarities of the marina: prevailing winds, currents and
depths.
So, why should you learn to dock your boat? Safety. On
the topic, you’ll hear from boaters, “What if your husband
falls overboard or has a heart attack?” Now, I’m not that
dramatic. Things as simple as a bad back, case of the flu or
a jolting wake, causing a sprain or broken bone, could take
your partner out of the picture as a fully functioning skipper.
Doesn’t it make sense to learn all you can about driving,
starting, stopping and docking your boat now, before you
may be forced to do so under more stressful circumstances?
I have been a part of the Krogen family since 2010. In
that time, I have met a number of Krogen owners. I must say
that Krogen women are a breed apart. In my opinion, we are
active participants in the boating journey and expect our
boats to perform for us. We have a long list of “must haves”
when it comes to our boats. We want a boat that is livable,
that we can entertain on, and has ample storage and a
modern galley.
And to the notion that you could never do this, I say, “It
may not be the prettiest docking, but you can do it!”
Repeat after me:
But, we also want a boat that is stable in rough seas,
offers easy access to engines and operational systems, and
comes from a company that stands behind its boats and
supports its owners.
• Fenders are my friends
• Neutral is my friend
• VHF radio is my friend
I’m suggesting you add accomplished skipper to your list
of ‘must haves’. A sense of pride and accomplishment is felt
after working with your boat to bring her and her crew safely
to the docks.
As with anything else that you’ve ever done, practice
makes perfect. Find a time when the conditions are right
for learning this new skill; light or no wind and a long linear
dock or an empty, wide-berth slip. Put out LOTS of fenders to
minimize the chance of doing any damage. Make certain that
your lines are ready. Keep the boat at a slow speed, tapping
in and out of neutral; slow enough to be safe, but enough
speed so that water still flows past the rudder, ensuring you
maintain steerage. And remember that when going forward,
reverse stops the boat. I was once told, “When docking, you
This article is not intended to be a tutorial on how to
dock your boat, but rather an inspirational message to
encourage you to start today!
20
“Go girl, you rock!”
WELCOME, NEW OWNERS!
We are pleased to introduce these Kadey-Krogen enthusiasts who have grabbed ahold of their dreams to
enjoy life now, rather than later.
Mike and Dyan Warren
Bill and Sue Ewing
Sailing friends of Mike and Dyan Warren switched to the power
boating “dark side” in 2000 and bought a Lord Nelson tug and sold
it the following season. “Ha!” the Warrens thought. However, their
friends’ next purchase was a Krogen 42’, and when the Warrens
went to see what they found this time, they knew if they ever bought
a power boat it would be a Kadey-Krogen trawler. Not so long
after the revelation did it become a reality. In 2004, Mike and Dyan
bought a Krogen 42’ of their own.
Longtime sailors (45 years to be exact), Bill and Sue Ewing
have always paid close attention to the power boats around them.
Not thinking of them as “stink pots”, but making specific mental
notes for their own future cruising plans. “As we got older and
went further afield, we started pondering a transition to power and
considered trawlers and faster, express-style cruisers,” said Bill.
“Ultimately, Kadey-Krogen Yachts’ design, their reputation, and their
range and ruggedness attracted us. We ordered our Krogen 44’ AE
last fall.”
Seven years later, still enjoying trawler life, they decided to build
“new” and in 2013, we happily welcomed Krogen 52’ Suite Judy into
the Kadey-Krogen family. Now, just two years later, they’ve built their
forever boat—the Krogen 55’ Expedition.
All of us at Kadey-Krogen Yacts are thrilled they took the plunge.
The Ewings not only represent a welcomed new addition to our
family of Krogen owners, but their purchase is the company’s 600th
new Kadey-Krogen yacht to be built! It goes to show just how right
Art and Jim’s original Krogen 42’ design was, that after nearly 40
years, it still resonates well with cruisers. For that, we thank the
couple doubly. Why build again?
“The Krogen 55’ Expedition has been Mike’s dream since the
day he assisted with the offload of the first hull,” said Dyan. “He
has spent a considerable amount of time on Krogens of all sizes,
and having all the living space on one convenient level became
his instant favorite, must-have feature. I like that too, plus the huge
cooking space. Although, I must admit, I loved the side Dutch door
of my Krogen 52’ galley!”
Bill and Sue have covered lots of “ground” over the years.
They’ve sailed from Nova Scotia and the Bras d’Or Lakes down
to the Eastern Caribbean Windward Islands; they’ve made seven
round-trips to Bermuda, and know New England’s waters like the
back of their hands. Aboard Maria, their new Krogen 44’ AE, the
Ewings plan to explore the Chesapeake Bay and Florida’s beautiful
coastline.
“I cannot say enough good things about the purchase and
commissioning process,” said Mike. “Tom Button is a super
help, and they don’t come any better than Gregg Gandy in
commissioning.”
Spelled M-a-r-i-a, but actually pronounced “Mariah”, her name
is significant, appearing in Bill’s family tree many times—in fact,
Maria was the name of Bill’s father’s 40’ wooden sloop as well.
Their previous boat, “Althea”, was named after Sue’s mother, so
it appears there is a lovely naming tradition revolving around the
females of the family!
On naming their Krogen 55’ Expedition, there was much
discussion and disagreement—for about eight months. Mike wanted
to keep Suite Judy and it took Dyan nearly that entire time to
convince him otherwise.
All of us at Kadey-Krogen Yachts look forward to sharing more
updates from the couple over the years as they adapt to the
cruising-under-power lifestyle.
“Although our Krogen 52’ was named after Mike’s favorite
Crosby, Stills & Nash song, “Suite Judy Blue Eyes,” everyone always
assumed, ‘You must be Judy?’ So, for our Expedition, I wanted a
name that reflected the boat. And he wanted a name that was three
syllables or less, easy to spell and understand over the radio, and
preferably a name no other boat had! So, we compiled lists and
sat down with a glass of wine and went over name possibilities.
“Galactic” was on his list and it just seemed to fit the boat, because
she is so enormous—at least to me anyway! So, “Galactic” she is!”
The Cookes
Featured in this issue’s top story—Tale of Two Trawlers: Sizingup the Buying Experience—the Cookes have been a pleasure getting
to know throughout their building and delivery process. Their boat,
Krogen 52’ Sea Sea, is the eighth hull of the current production
model and has exquisite style both inside and out. The galley is
outfitted with custom tile flooring and the most unique granite that
captures the soothing calm of the sea. We’re proud to have her in
our boat show line-up this fall. Join us as we welcome them, and be
sure to read Cece’s personal account of building their dream trawler
twice—and learn from their experience.
For now, the Warrens are cruising their own adventure on the
East Coast and down to the Bahamas. But someday, Mike and Dyan
plan to navigate Alaska, the Canadian Maritimes, and beyond. Join
them!
21
UnparallSeElReVdI C E
DECADES OF
2010 Krogen 55’ Expedition
2014 Beneteau Swift Trawler
U
D
RE
Krogen 58’
ED
C
$1,495,000
Three to choose from starting at $945,000
Krogen 48’
Krogen Whaleback 48’
Three to choose from starting at $675,000
Krogen 39’
Three to choose from starting at $699,000
2013 MJM 36
1998 Hans Christian Indpendence 45 - $249,000
Grand Banks 36’
Three to choose from starting at $298,000
Krogen Manatee
Two to choose from starting at $144,000
1991 Grand Banks 36 Classic
Tiara 3500
LD
SO
LD
SO
MJM 36
Independence 45’
LD
SO
Krogen 44’
1999 Whaleback 48’ - $549,000
Customer moving to Krogen 58’ - $1,090,000
2000 Tiara 3500 Open Hardtop
W I T H Unprecedented R E S U L T S
Ask our experienced yacht sales specialists how we can streamline
the process of buying or selling your quality power cruising yacht.
www.kadeykrogen.com/brokerage
800.247.1230
Annapolis, MD · Portsmouth, RI · Seattle, WA · Stuart, FL
22
MAIN OFFICE
610 NW Dixie Highway
Stuart, FL
(772) 286-0171
(800) 247-1230
ANNAPOLIS
Port Annapolis Marina
7076 Bembe Beach Rd
Annapolis, MD 21403
(800) 247-1230
PORTSMOUTH
New England Boatworks
1 Lagoon Rd
Portsmouth, RI 02871
(401) 862-8972
www.kadeykrogen.com
SEATTLE
Salmon Bay Marine Center
2288 West Commodore Way,
Suite 220
Seattle, WA 98199
(206) 453-5631
Upcoming Events
We hope that you will enjoy one or more of the events taking place over the next several months, and our crew looks forward to
meeting with you. In order for us to be able to devote our closest attention to you at shows and fests, please call us at 800-247-1230
to schedule an appointment. Of course, you are welcome to visit if you just stop by. Please be patient if there is a brief wait.
South Lake Union Boats Afloat Show
South Lake Union - Seattle, Washington
Trawler Fest
Bay Bridge Marina-Kent Island, Maryland
September 16 - 20, 2015
October 1 - 4, 2015
Fort Lauderdale International
Boat Show
Fort Lauderdale, Florida
Krogen 44' AE & Krogen 48' AE
Brokerage vessel Krogen 44
Krogen 44' AE, Krogen 52' &
Krogen 55' Expedition
Krogen 48' AE & Krogen 55' Expedition
Newport International Boat Show
Newport, Rhode Island
Annapolis Open House
Port Annapolis Marina
September 17 - 20, 2015
October 15 - 17, 2015
Krogen 52' & Krogen 55' Expedition
Krogen 44' AE, Krogen 52' & Krogen 55'
Expedition, Brokerage vessels TBD
November 5 - 9, 2015
Introducing the Krogen 58’ EB (Extended Bridge)
Debuting this Winter!
© 2015 K adey-K roge n Ya c hts, I nc . 0 9 1 5 - 1 M