MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I)
Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I)

'2014 Sevenstar Round Britain and Ireland Race - Abu Dhabi'    Rick Tomlinson / RORC

The CEO of the Volvo Ocean Race is Knut Frostad, the 47 year old Norwegian sailor who sailed at two Olympic Games (1988 and 1992) and in four Volvo Ocean races.

His first VOR was in 1993-94 aboard Sweden’s Intrum Justitia which finished second. In the 1997-98 race he was the project founder and skipper for the Norwegian Innovation Kværner and in the 2001-02 VOR in the Norwegian Djuice. In the 2005-06 VOR he was watch captain on southern ocean legs for the Brazilian Brasil 1.

Knut Frostad - Volvo Ocean Race 2014-15, -  Soren Overup, Sail-World Europe  
He became the Volvo Ocean Race Chief executive, in early 2008, ahead of the 2008-2009 race, taking over from Glen Bourke. In the tough economic environment, it’s obviously not been easily assembling the VOR fleet for the 2014-2015 race.

Sail-World interviewed Frostad late last week, after the dust had settled and we started by taking about that.

Frostad said 'The last two or three years have been extremely tough. The good news is that it is looking better now, even for the next race it is looking very good at the moment.

‘To get to where we are now and the risk we had to take and get all these pieces in place at the right time, it’s been a huge challenge.

‘We were of course disappointed with Emirates Team New Zealand not entering this year’s race, but that story is a little bit bigger in reality.

‘It’s a bit strange that a team announces that they are not doing the race. We had about 165 projects trying to do the next Volvo Ocean Race and thank God not all of them announce that they are not doing it.
‘We never announce them or any project before we know it is happening and the reality was that Team New Zealand was working on it but they were not able to get the funding together and then they worked on the joint venture with the Spanish and they didn’t manage to marry properly and that was their problem.

‘It is a pity for them but now most of their team is going to race for Vestas instead which the only big difference is the brand of Team New Zealand is not in the race but Nico was going to skipper that boat and a lot of the same core guys will be seen on the Vestas team.

‘The truth on that last boat (boat 7) without going too much in detail is ,that there was an international team and a sponsor that had actually booked the boat and started the whole process and that didn’t, for some reason, didn’t materialise.

‘We never went out with it because we need to be 100% confident before the final signatures were on and suddenly that stopped. There was nothing Russian that was just a rumour.

‘Of course I would have been very happy having Team New Zealand in the race but I wouldn’t have to liked not to have Vestas when that was an option because they are long term and they are strategic and it is a very good brand and it is a good story to have a wind and energy company in a sailing race and that means a lot.

‘Denmark is also a nation that we haven’t really well represented in the event and it is a sailing nation.

Chris Nicholson Volvo Ocean Race 2014-15, Vestas Press Conference -  Soren Overup, Sail-World Europe   Click Here to view large photo
Vestas said themselves they couldn’t have found a better skipper and an Australian. Denmark having connections there. For them it is perfect.

‘We announced during the last race that we were going one design for this race.

‘Of course the boat is the visible change. The invisible changes are changes that really changed the budgets and the two biggest parts of that is everything that relates to a team, anything from logistics to how you service a boat, to spare parts, to insurance of the boats.

‘All these different pieces have changed completely with our new concept and the boat is an initiate for a lot of those things and a lot of those things are possible because of the identical boats but the biggest change to the race in general is the fact that the teams are sharing and they are sharing a lot of things.

‘They are not only sharing spare parts but they are sharing service personnel, shore crew, they are sharing medical doctors, they are sharing a lot of elements and every time we manage to get the teams to fully buy into that and share we make huge savings on their behalf.

‘ The best thing is that you save a lot of time and obviously with a one off boat it would not have been possible for a late entry like we have now have with Vestas.

- Team Vestas Wind - Volvo Ocean Race 2014-2015 Pre-launch -  Team Vestas Wind   Click Here to view large photo



'Now it is not only possible but it is almost coming to a table that is ready made. They get the boat in the water, the shore crew is waiting for them. Their doctor is hired months ago. A lot of the pieces are in place.

'The only thing they have to worry about is to get their clothes, get the food, get the team together and start sailing.

'Even insurance for the boat has all been sorted. They have to pay it but such a simple thing as sourcing insurance took months for the teams before and now there is a global package for the whole fleet. It has reduced costs from the time before and the deal is done by us on behalf of the teams. It just simplifies life.

‘One thing is the time it takes but it is also the people. They probably have one shore crew working for two or three months just to sign insurance in the past.

‘Going One Design has increased the reliability of the boat. There are several hundred kilos more carbon in this 65 foot boat compared to what we had in the 70 footer. There is a lot more structure in it.

‘It is a lot more higher margins on pretty much everywhere and the challenge we will have is that the sailors will now push the boats harder because the Volvo Open 70s they never pushed to the limit because if they did they broke them so the boat was always the deciding factor for how they sailed the boat and the boat was kind of running around with the sailors on them and now it is more the sailors are in control and they can really push this boat to the limit.

Volvo Ocean Race 2014-15, Vestas Press Conference

Dan Ibsen Sail-World. ( L ))Morten Albaek Vestas, Knut Frostad VOR -  Soren Overup, Sail-World Europe   Click Here to view large photo


‘We are just watching them now (in the Sevenstar Round Britain and Ireland Race) and we have all the data coming in from the boats because we are testing our systems around Britain and we are seeing how hard they push the boats. It is absolutely maximum the whole time. Which is good and great for the racing. On the Volvo 70 you would have to put the brake on in some of those conditions.

‘Last time some teams wouldn’t even show their cards so they wouldn’t even meet other teams and now because it is all standardise they have nothing to hide and we have access to all the systems and that helps us.

‘It also helps the guys who work in the boat yard shared services, looking after the boats and all the systems, because they can see how far the boats have been pushed, if there are problems, where and how and why.

‘Now if we have one problem on one boat we want to fix all the boats and all the boats have an interest now in one boat sharing their problem with another because they don’t want to be the one left out in the dark obviously.

‘In the last race it was completely different. There was no sharing of anything in the past, nothing.

‘Some teams, I think didn’t share their technical problems with their designers because the designer was working with more than one team and they didn’t want any other team to get the benefit so that is a new world and I think it is a healthy world.

‘I think it is a good world for sailing.'

In Part 2, Frostad reveals the very significant extent of budget savings, the Boatyard and more.


by Rob Kothe and the Sail-World team


  

Click on the FB Like link to post this story to your FB wall

http://www.marinebusiness-world.com/index.cfm?nid=125686

11:05 AM Tue 19 Aug 2014GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
2014 -15 Volvo Ocean Race

Related News Stories:

22 Aug 2014  Volvo Ocean Race CEO Knut Frostad talks Time and Money (Part II)
22 Aug 2014  Volvo Ocean Race - It’s been emotional, but it’s time to move on
20 Aug 2014  Volvo Ocean Race: Forget the f-word - Team SCA profiled
16 Aug 2014  Round Britain and Ireland Race - Team Alvimedica completes the race
16 Aug 2014  Frostad proud to have seven Volvo Ocean Race boats with seven sponsors
15 Aug 2014  Volvo Ocean Race: Team Vestas Wind emerges into the sunlight
15 Aug 2014  Volvo Ocean Race: Round Britain on board Team SCA with the
15 Aug 2014  Volvo Ocean Race: Round Britain on board Azzam and Team Campos
15 Aug 2014  Volvo Ocean Race: Round Britain on board with Team Alvimedica
15 Aug 2014  Volvo Ocean Race: Round Britain on board with Team Alvimedica
MORE STORIES ...






Marine Business News

Zhik’s range of Isotak® Ocean foul weather gear will be protecting two rising stars in the Class 40 fleet in the 2014 Route du Rhum, the most famous and most demanding of all the transatlantic races. Bertrand Delesne and Arnaud Boissières, who gained their colours in the Mini 650 and Figaro fleets respectively, have both chosen Zhik’s Isotak® Ocean range for their Route du Rhum campaigns, which ... [more]  

Thanks to the latest in crowd-sourcing technology, mariners around the globe can share their anchorages, view weather, stay on top of official regulations, recommend local services and facilities, and effortlessly navigate unfamiliar countries. ... [more]  

SMAR Azure Ltd has been contracted by the British America’s Cup team Ben Ainslie Racing (BAR) to contribute to the design of an AC62 wing-sail rig and catamaran structure. The America’s Cup is sailing’s most prestigious competition, attracting the world’s foremost sailors, designers and engineers. ... [more]  

Operating in Adelaide’s commercial marine precinct of Largs North, specialist naval architects Oceantech Design is a passionate advocate of the Yanmar range of commercial marine engines. Their latest launching, Shootingstar, is a beefy offshore utility cat, powered by a pair of Yanmar 6CXB engines. ... [more]  

The media conference marks the opening of the 2014 China (Macau) International Yacht Import and Export Fair, which will take place at the Grand Colane Resort from 7-9 November. The three-day fair promises to offer its valuable guests a vibrant experience of luxury lifestyle and oceanic culture. ... [more]  

October 31, 2014: The RBNZ threw the anchor out and held the interest rate rises. Reality hit home rather than a realization that their strategy is premature. The KIWI staged a recovery, after the previous hit, triggered by a resurgent Dollar and now trades 0.7820 supported by a huge interest rate differential. The AUDUSD broke back through to 0.8810 with rising confidence ... [more]  

Dometic Group announced on September 9th that it signed an exclusive purchase agreement with Elkhart, Ind.-based Atwood Mobile Products, LLC, a global provider in designing, engineering and manufacturing appliances and hardware for the RV, On-/Off-Highway and Marine industries for over 50 years. ... [more]  

Heading to the Marine Equipment Trade Show (METS) 2014? Have you booked your place at the 13th International Sailing Summit? Taking place on 17 November, the day before one of the industry’s largest B2B exhibitions, the Summit is one of the key events on the METS programme. ... [more]  

2015 Festival of Sails - The Royal Geelong Yacht Club has welcomed the State Government’s decision to renew its funding support of the iconic Festival of Sails regatta for a further three years, cementing its position as a permanent fixture on the Victorian Major Events calendar. ... [more]  

October 30, 2014: The US Fed cited the vast improvement in the Labour market, with the Unemployment rate falling below 6%, while inflation has remained benign. The Fed's Balance Sheet is still providing massive stimulus because of its extremely bloated state. The size of the balance sheet means that just reinvestment of maturing bonds will be a massive stimulus. ... [more]  

Representing superlative achievement with a focus on sustainability, the awards were presented 29 October at the 24th Anniversary of ISS’s Awards Gala in Fort Lauderdale, Florida during the Fort Lauderdale International Boat Show. The Excellence in Innovation Award was accepted by David Hogan, son of Superior CEO, John and Jackie Hogan in front of an international audience. ... [more]  

Genoa International Boat Show 2014 ‘in recovery’ by Guy Nowell, Sail-World Asia, Hong Kong
Once upon a time, and not so very long ago, Genoa was very much the numero uno Mediterranean boat show, with 3,000+ boats in the water and practically every manufacturer on the planet anxious to be seen there. The combined effect of the financial crisis 2008-onwards and subsequent financial austerity measures imposed by the Italian government, including swingeing taxes on luxury products ... [more]  

2015 Sanctuary Cove International Boat Show - After a successful 2014, Mulpha Sanctuary Cove is gearing up for its 27th annual Sanctuary Cove International Boat Show, with exhibitor opportunities opening next week (November 6). ... [more]  

A brand new online classifieds website called Boat Bitz has just been launched specifically focused on helping boat owners clear their unwanted or unused boating and fishing equipment. ... [more]  

Built by one of Japan’s premier shipyards, EAGLE ONE has kept pace with modern luxury with a series of refits, most recently 2014, and is for sale, under $1m. ... [more]  

Exposure Marine is one of six brands nominated for a DAME award in the lifesaving and safety category. Entirely British designed and manufactured, Exposure’s innovative, immensely powerful Man Overboard (MOB) strobe and search light, will ensure you can be found fast and does not even need to be switched on! ... [more]  

WWF-Australia and the Australian Marine Conservation Society have released a 10-point plan to save the Great Barrier Reef, in response to the Queensland Government’s Draft Reef 2050 strategy. ... [more]  

October 29, 2014: The AUDUSD is looking to test 0.8840 while the KIWI traded 0.7905 ahead of the RBNZ meeting. Expectations are for them to desist from the current raising policy. There is a huge stimulus going on globally and that is the collapsing price of oil! The AUD currently trades 0.6920 and 0.5470 against the EUR and GBP respectively with the AUDJPY trading 95.40. ... [more]  

The famous Henri Lloyd Summer Sample Sail is in now at the Henri Lloyd showroom in Crows Nest, Sydney! Huge range of samples and discontinued lines from Henri Lloyd's marine, footwear and lifestyle collections for men and women. Discounts of up to 80% off original RRP! ... [more]  

Performance Sailcraft Australia has been involved in the singlehanded dinghy market for over four decades so they know a thing or two about single hander sailing. Chris Caldecoat from PSA said 'When we acquired the Byte CII we knew the boat had amazing potential but after discussing the boat with the global builders we also found it was still potentially too much of a step for lighter sailors ... [more]  

Where is the Deepwater Horizon oil? by Woods Hole Oceanographic Institution
During the 2010 crisis, some of the oil gushing from the seafloor appeared as slicks on the sea surface, while roughly half of it, scientists estimate, remained trapped in deep ocean plumes of mixed oil and gas, one of which was more than a mile wide, hundreds of feet high and extended for miles southwest of the broken riser pipe at the damaged Macondo well. ... [more]  

The illegal take of snapper from Port Phillip, Western Port and Corner Inlet will be the focus of a Fisheries Victoria blitz starting Melbourne Cup long weekend. ... [more]  

2014 Fort Lauderdale International Boat Show - Australia’s leading superyacht organisation, Superyacht Australia will be showcasing the best of Australian brands at 2014 Fort Lauderdale International Boat Show and promoting Australia as a cruising destination for global suoeryacht fleet. ... [more]  

Australian boating icon Riviera is happy to announce that three of its school-based apprentice students have received awards recognising them as finalists in Queensland’s School-based Apprenticeship and Traineeship (SATs) Awards. Riviera and Helensvale State High School this year rekindled the school-based apprentice program, which first started in 1997. ... [more]  

October 28, 2014: The AUD is battling lower commodity prices and is struggling to break 0,8800 while the NZD is testing 0.7900. The RBNZ is expected to halt the inexplicable interest rate policy raises, this week, which will be a hollow relief for many. ... [more]  

SOS Marine and Mobilarm subsidiary Marine Rescue Technologies ('MRT') announce today that the sMRT Inflatable SOS Dan Buoy is one of the 45 products that have been nominated for final judging by the Design Award METS (DAME) 2014 jury. The products have been selected from a total of 116 entries from 23 nationalities from all over the world. ... [more]  

SOS Marine and Mobilarm subsidiary Marine Rescue Technologies ('MRT') announce today that the sMRT Inflatable SOS Dan Buoy is one of the 45 products that have been nominated for final judging by the Design Award METS (DAME) 2014 jury. The products have been selected from a total of 116 entries from 23 nationalities from all over the world. ... [more]  

The findings and recommendations of the government commissioned UK Marine Supply Chain Study will come to life at a dedicated forum on Wednesday 26 November. Taking place at Action Stations, Portsmouth Historic Dockyard, the British Marine Federation’s Supply Chain Conference is a must attend event for builders of small commercial and leisure vessels, their equipment manufacturers and suppliers. ... [more]  

Azimut Yachts further strengthens its presence in the overseas markets thanks to a new partnership with Euro Yachts, doing business as Azimut Yachts Mexico, the Group's new exclusive dealer for the Mexican market. Featuring four venues in key Mexican markets, Azimut Yachts Mexico is assured a strong presence throughout the country. ... [more]  

The Biograd Boat Show concluded its four day exhibition on Sunday October 26th, with a record 275 exhibitors from 13 countries, exhibiting 291 vessels (record) from two to 20m. Attendance was also record breaking, with more than 14,500 visitors coming to Biograd, which has a population of only 5,000, but more than 1500 registered vessels. ... [more]  

Innovation has been a crucial theme at METS since this leading B2B marine equipment trade show opened its doors in 1988. Surveys of the many thousands of visitors from around the world consistently show that innovation is the number one reason to come to Amsterdam each year for METS. ... [more]  

Superior recently signed an MOU with South Korean manufacturer and marine industry proponent, Scotra. ... [more]  

October 25, 2014: Equities rallied for a strong close to another tumultuous week. The coming week will focus on Geopolitical issues of terror, disease,war ...shades of the apocalypse. Markets will look at growth through GDP numbers and inflation while remaining alert to Central Bank activity from the Fed and RBNZ. ... [more]  

ISAF announces the resignation of Chief Executive Officer Jerome Pels
FLIR Systems announces third quarter 2014 financial results
Collinson FX Market Commentary: October 24, 2014 - Braked too soon
Tauranga Boat Expo - Lancer and Sea Blade attend for the first time
2015 Audi Hamilton Island Race Week - Accommodation options!
NMMA loses E15 fuel U.S. Court of Appeals Decision
2014 Airlie Beach Race Week - ABRW wins major award
Mets 2014 - Barz Optics nominated for DAME Award
Collinson FX Market Commentary: October 23, 2014 - Inflation dips
13th International Sailing Summit will learn from British Cycling
High profile anglers support Rec. fishing reserve for Port Phillip
Team Vicsail - Key new appointments to the team
Explore Australia Expo and Brisbane Tinnie and Tackle Show join forces
METS names DAME Award nominees
Sanlorenzo names new Group President, General Manager
Barcelona International Boat Show reflects signs of recovery in sector
Collinson FX Market Commentary: October 22, 2014 - European recession
Smartphone App solves common race management issues in Port Hacking
Groupe Beneteau named sponsor of US Sailing Team and ISAF World Cup
Edmiston appoints new Chief Executive Jamie Edmiston
US Yachts changes name to Performance Cruising Yachts   
Collinson FX Market Commentary: October 21, 2014 - Greenback retreats   
New improved swell forecasting and more locations from PredictWind   
A Sailor's Dream Home: View after the Coastal Classic - Auction 22 Nov   
Brisbane Tinnie and Tackle Show moving to Manly Harbour in 2015   
Partnership to encourage lifejacket use   
2014 Gold Coast International Marine Expo: Another outstanding success   
Headsync to distribute Gobius tank monitor system in the USA   
AIMEX and Superyacht Australia renew partnership with SCIBS   
2014 Gold Coast International Marine Expo - Marine Syndication wins   
Scotland’s Boat Show - More than 13,000 flock to Kip Marina   
RYA Scotland Annual Awards - RYA calls sailors to nominate   
2014 Gold Coast Int'l Marine Expo - McDonald’s boosts the family fun   
Yacht CN 2014 —3rd Nansha Bay International Boat Show open   
Dutch boy on a mission to rid the world's oceans of floating plastic *Feature   
Discover Boating Week starts tomorrow   
Collinson FX Market Commentary: October 17, 2014 - Calming the Storm   
Great start to another massive Gold Coast International Marine Expo   
Australian Sailing Team opens National Training Centre Extension   
Research project concludes Glycerine -a clean alternative marine fuel   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
  







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL WAS MBW
LocalAds   DE  ES  FR  IT