The yacht Sovereign was built as Harbour Island in 2011 by Newcastle Shipyards.
Yacht Sovereign Interior
She is one of the largest private yachts built in the United States. Sovereign is a full displacement yacht built of steel and accommodates 12 guests in 6 staterooms.
Newcastle Shipyards was formed in 1999 by Kevin Keith and Leslie Miller. They started building expedition yachts.
Luxury yacht Harbour Island is their largest project to date. In 2012 Harbour Island was sold by Worth Avenue Yachts, she is now named Sovereign.
Charter Yacht Sovereign
The yacht Sovereign is not available for charter.
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Who is Steve Hudson? He is President of the Hudson Capital Group (HCG), a private investment firm focused on the acquisition, development and management of real estate assets.
Hudson Capital Group
HCG has developed more than 2,000 apartment and condo units in Florida. HCG owns several warehouse, retail and office buildings located in South Florida. Further Steve Hudson is owner of the HS Property Group, a property management company in Fort Lauderdale.
International Yacht Collection
In eight years time, IYC has grown from a small brokerage office in Fort Lauderdale to 7 full service offices worldwide.
Before that Steve Hudson was active in solid waste services through his company Hudson Management Corporation.
Steve Hudson was also shareholder of Salty’s Warehouse. Salty’s Warehouse, Inc. was engaged in selling name brand consumer products over the Internet.
Salty’s Warehouse focuses on selling consumer electronics and audio-
Sold to Nucotec
In 2002 Steve W. Hudson and Earl T. Shannon sold 80% of the stock to Nucotec, Inc., a Nevada corporation, Salty’s Warehouse was a subsidiary of Nucotec, Inc. from 2002 through 2004 when Nucotec was sold to a third party.
In 2004 Earl T. Shannon, Steven W. Hudson, and Scott W. Bodenweber agreed that 5,110,200 of their shares of Nucotec would be redeemed by Nucotec in exchange for all of Nucotec’s shares of Salty’s Warehouse, Inc. In 2006 they sold all of the shares held by them to a group of approximately 54 purchasers for a total sales price of USD 800,000.
As a result of this transaction, Mr. Guy Peckham has acquired 14,077,229 common shares representing 62.7% of the share capital.
Mr. Peckham successfully built Canadian based Goodlife Brands into a CAD$128,000,000 business in annual sales employing over 550 employees across Canada before selling it in 2001.
Salty’s Warehouse is now named Green Energy Renewable Solutions INC.
SuperYachtFan became aware of another Steve Hudson, based in Toronto, who also seems to be able to purchase a superyacht.
Element Financial Corporation
This Steve Hudson is Chairman and CEO of Element Financial Corporation. Steve Hudson founded the private investment firm Cameron Capital and Newcourt Credit Group. Newcourt Credit Group became a world leader in equipment and asset finance.
Sold Newcourt for US$ 4.2 billion
New York based CIT Group acquired Newcourt Credit in 1999 for US$ 4.2 billion in stocks. At that moment Steve Hudson owned approx. 11% of the shares.
But after earnings were lower than expected, the value of the stocks fell sharply. When Hudson retired a year later his deal was worth approx US$ 200 million. Later Hudson founded Element Financial Corp, which is active in capital equipment lease.
Owner of Harbour Island
Do you know which Steve Hudson owned Harbour Island? Please do sent us a message. 2014 Update: we received a message that ‘the first’ Mr. Hudson was the owner of the yacht. Do you know if Steve Hudson from Toronto also owns a yacht? Please do sent us a message.