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Posted Thursday, September 18th, 2014

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Overmarine hires new sales partner

Posted Friday, February 27th, 2015

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Italy’s Overmarine Group has hired Henry Goulding to promote its Mangusta and Mangusta Oceano yacht brands in Singapore. Goulding is a commercially endorsed Ocean Master with considerable experience sailing in Europe, the US and most importantly, Asi…

Marine business latest stock price review

Posted Friday, February 27th, 2015

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- West Marine has reported net income of US$1.9m for its 2014 fiscal year.
All shares are correct as of Friday, February 27 2015. Beneteau/BEN:PAR Previous Update February 20 2015: €12.87 Last Update February 27 2015: €12.67 Change: -1.6% 52…

Bright prospects for Spanish charter sector

Posted Friday, February 27th, 2015

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The Spanish charter sector looks set for a boom in 2015, as positive changes to the controversial matriculation tax made in 2013 start to come into force. Local firms are predicting this could be a record year for the Spanish charter industry, with the…

PSP expands Isle of Wight office

Posted Friday, February 27th, 2015

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Just months after opening a new office in Poole, Dorset, UK-based boat transport and logistics firm PSP has expanded its base on the UK’s Isle of Wight. The move comes as PSP unveils plans to increase turnover on the island by 25% over the next…

Stella Maris Yachting opens new Spanish base

Posted Friday, February 27th, 2015

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Stella Maris Yachting, a UK-based yacht management firm, has opened a new base in Sant Carles Marina, Spain.
Located on the mainland, halfway between Valencia and Barcelona, the MDL-operated marina is centrally located for owners looking for winter…

US yacht transporter reports strong demand

Posted Friday, February 27th, 2015

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United Yacht Transport, a direct carrier of yachts from 30ft-160ft in length, claims to be seeing a higher-than-expected level of demand for its yacht transportation services in North America.
The Ft Lauderdale-based firm has three confirmed bookings…

SRT issues trading update

Posted Friday, February 27th, 2015

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Software Radio Technology (SRT), a UK provider of marine tracking systems, has provided a trading update for the current financial year.
Revenues for the 12 months ending March 31, 2015, are expected to reach a minimum of £8.5m – a 39% increase over…

West Marine reports falling profits for 2014

Posted Thursday, February 26th, 2015

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West Marine today reported net income of US$1.9m for its 2014 fiscal year, down from US$7.8m a year earlier. The marine accessories retailer earlier reported year-end sales of US$675.8m, up 1.9% over the previous year. The company said it benefitted fr…

Kalashnikov Concern takes over Russian boatbuilder

Posted Thursday, February 26th, 2015

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Russia’s Kalashnikov Concern, builder of the AK-47 sub-machine gun, has purchased a 51% stake in Euroyachting Rybinskaya Shipyard Group.
With the latest acquisition, the conglomerate is aiming to develop and produce modern high-tech landing craft,…

ART Marine signs marina contract in Maldives

Posted Thursday, February 26th, 2015

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The UAE’s ART Marine Marinas has teamed up with SilverCent to develop and operate a new marina project in the Maldives.
SilverCent’s primary line of business is to secure foreign investment for the Maldivian tourism sector. The group actively…

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