Avril and Jack continue to disagree over the future of the Yard and Tom's role in the decision making. Jan offers Ken some business advice over dinner, much to Tom's annoyance. Leo takes a shine to Avril but Abby feels left out in the cold. Kate rescues Jack from a ditch and they have a heart to heart about business and family matters. Lyn and Tom sail the Flying Fish for one last time.

Charles and Ken come to gentleman's agreement about the planned marina. Jack turns to drink when the yard loses the German business contract and the bank threatens to foreclose on on the loan. Charles talks with Avril about purchasing the yard. When Tom wants to re-mortgage their home, Jan turns him down flat. Meanwhile, Ken offers Jan a helping hand and Leo finds Abby. Jack is outraged, yet again, by Tom and Avril's decisions about how to run the yard.

Charles enlists Gerald's help in his plans to develop the marina. Tom and Jan come to a financial agreement even though their marriage is over. Leo is determined to help Abby and her unborn baby. A mysterious man, Richard Shellet, claims to have a genuine claim over the Mermaid Yard. Jan travels to London where she meets fashion photographer Claude Dupont. Lyn has great success in the Fast Net race and Ken naively agrees to go into partnership with Charles.

Environmentalist Leo comes to blows with creepy Ken Masters over the development of a local beauty spot. Patriarch Tom resorts to desperate measures to hep Lynne.

As leather-clad Leo mourns for the birds, Mr Shellet plots a dangerous revenge. Ken's ambivalence towards Claude's designs enrages dazzling Jan and silver fox Charles puts a scheme in motion.

Ken’s cloak-and-dagger attempts to frighten Leo don’t have the required results. An opinionated visitor forces an impossible decision on Abby and an affectionate gesture from Tom emphasises Jack’s increasing distance from the yard. 

Polly’s revelation leaves fertile Charles in a quandary. Jack’s behaviour causes concern at home and the boatyard, forcing wily Avril into a boardroom decision. 

As air-sea rescue searches for Charles and Avril, Sir Edward waits on Jan's answer to his proposal and Ken Masters looks to cash in on the plummeting Frere Holdings share price.

Jan comes under pressure after a break-in at her design house, Sir Edward involves Tom in plans for the America's Cup and Polly sets her sights on becoming a top business woman.