New York Water Taxi to get new owner

The Durst Organisation has announced that it has closed a transaction for the sale of New York Water Taxi (NYWT) to New York Cruise Lines (NYCL).

The transaction unites the midtown and downtown Circle Line brands, which operated out of 42nd Street and the Hudson River and South Street Seaport on the East River, respectively. The addition of NYWT and Circle Line Downtown fleet and staff within the NYCL family gives NYCL the geographic scope and capacity to expand the Circle Line sightseeing business. With the acquisition, NYCL will own and operate 25 ships, including transportation ferries, high speed thrill rides and sightseeing, dinner, entertainment and charter yachts, with capacity ranging from 74 to 600 passengers.

Andrew Baird

Experienced geologist and seabed mining entrepreneur, Andrew reviews cutting edge technology from around the world across a wide spectrum of industries, and considers their potential applications in the work boat world.