This is an odd looking Japanese toy. The Gakken Marine Spider. I actually like the box art more than the toy. Do you have any Gakken?

Always nice to see again, this super cool Gakken ship is part of Will Os's amazing collection of vintage toys, which he has been sharing...

We've seen something like this before. Gakken maybe? I think Wotan has some similar water toys.  I saw this on an Argentinian auction si...

 Further to Woodsy's flagging up the Pippin Hydro Jet toy, here are my models from the series. Originally marketed in Japan on a card ...