The latest news from around the world on mergers, acquisitions and exits across all sectors of the boating industry.
Mergers, Acquisitions & Exits
Middle East update: Qatar suspends maritime activities until further notice
As tensions escalate in the Gulf, Qatar’s temporary suspension of maritime activities raises fresh questions for the recreational marine sector
Wisconsin marina sold for US$5.8m
The Connecticut-based Grove Point Marinas has acquired Southport Marina in Kenosha, according to Wisconsin state records
Feadship strengthens Royal Van Lent sales team
The Dutch superyacht builder appoints Robert Drontmann and promotes Xavier Soubeyran as it expands its client-facing commercial team
Malibu Boats refinances credit facility through 2031
New term loan capacity of US$100m and a US$250m revolving facility replace the existing credit line in a refinancing with Truist Bank
Turkish shipbuilding exports on course for record 2026
Turkey’s yacht and shipbuilding sector expects exports of up to US$3bn
Putin puts AkzoNobel’s Russia subsidiaries in temporary external administration
The move affects operations representing less than 2% of the company’s total revenue
Leadership appointment at GOST
GOST expands marine expertise by naming Parrish Westbrook as vice president
Satellite ‘space race’ ignites in SA as Starlink delays open door for global rivals
UK-based Avanti, Amazon’s Project Kuiper, and Chinese contender CSNC are accelerating efforts to enter the South African market
Azimut launches Grande 44M flagship ahead of Cannes debut
New superyacht combines carbon fibre construction, Hull Vane technology and mild hybrid propulsion, with seven units already sold
Vietnam tourist boat capsizes, killing 15
Reports say 32 Indians and four crew were on board the vessel
Archipelago and Chartwell demonstrate methanol-powered range extender
UK companies successfully test methanol-powered range extender designed to extend the range of battery-electric vessels as they move towards commercial deployment
Ocean Signal recognised with King’s Award for Enterprise at royal reception
The UK safety equipment manufacturer was honoured at St James’s Palace for innovation behind its rescueME PLB3 personal locator beacon
Twin Vee PowerCats to merge with USFM as marine business goes private
Leadership appointment at Lippert
Sensar Marine and SailTies partner on automated digital voyage logging
Aspen unveils new C110 cruising catamaran
Boomeranger makes major investment in drone boats
World Cat introduces new hybrid design strategy
Cantiere delle Marche names new sales manager
NatPower Marine acquires Aqua superPower to accelerate global marine electrification
Brunswick targets lifestyle retail with new brand licensing strategy
Turkish superyacht law firm opens Hamburg office
Flux Marine sets sights on EU after full CE certification
Sanlorenzo launches first Heritage model ahead of Cannes debut
Yacht Sales International appointed Oceanwalker dealer for US and Caribbean
Leadership appointment at Suzuki Marine USA
Cockwells delivers first Duchy 35 to US owner
BWA Yachting expands into Iceland
Ocean Racing Trust rejuvenated to boost SA maritime sector
People on the Move this Week
CNB founder and former Groupe Beneteau Boat Division CEO dies
Singapore Yachting Festival 2027 pushes dates forward one week
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