All articles by David Robinson – Page 74
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FeatureThe current state of play at the top of the market
New superyacht orders continue but the industry waits to count the true cost of Covid-19. David Robinson provides an 18-page round-up on the key sectors of the business, including order estimates for the first 5 months of 2020.
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NewsFiji launches ‘Blue Lane’ initiative for yachts and pleasure craft
Port Denarau Marina will initially be the sole port of entry
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NewsMarshall Islands revises Yacht Code
An initiative to update and amend the Republic of the Marshall Islands Yacht Code (RMIYC) is currently in progress with the launch of the new revised edition anticipated for the second half of 2021.
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NewsPlans for new A$75m Queensland marina revived
Plans to build a new marina at Palm Cove, some 20km north of Cairns in Queensland, Australia, are being revived after a previous potential developer went bust in 2017.
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NewsAon-Willis Towers Watson merger faces lawsuits
Plans for a takeover deal worth some US$30bn of two major insurance brokerage groups have hit a possible hurdle as at least three shareholder lawsuits have been filed opposing the approach by Aon to acquire Willis Towers Watson. Both businesses are big players in the superyacht insurance market.
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NewsGCCM presses on with A$100m expansion programme
Australia’s Cold Coast City Marina & Shipyard (GCCM) is moving forward with the A$100m expansion programme first announced in 2018, which will result in a doubling of its site and a significant increase of operating capacity both across the marina itself and the 80-plus strong cluster of service providers onsite.
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Chinese marina project enters second phase of development
The development of the new Chongwu Yacht Marina in China’s Fujian province has moved forward into a second phase which will include the construction of the new facility.
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NewsMunich Re Syndicate appoints new head of marine
A new head of marine has been appointed to the Munich Re Syndicate at Lloyd’s of London in the UK. The new head is Rob McAdams, who joins Munich Re, a global leader in reinsurance business, from AXA XL where he was global marine chief underwriting officer.
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NewsThird attempt to sell Slovenian marina; price reduced - offers by July 16
A third attempt is being made to sell the bankrupt 700-berth Marina Izola in Slovenia. The starting bid price this time is €2,990,000, which is significantly lower than the €5.96m asked on the second attempt. According to an advertisement published in the Financial Times newspaper, the insolvency administrator for this ...
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NewsBahamas reopens for private yachts
As of Monday this week, the Bahamas has reopened to private yachts and private aircraft. A full reopening of the islands, including international tourists, is set for July 1.
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NewsYacht transport vessel partially sinks with five large yachts onboard
Five large yachts were reported to be onboard a float-on/float-off yacht carrier operated by Dockwise Yacht Transport (DYT) when it partially sank in the Port of Palma de Mallorca today while trying to unload.
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NewsMore Caribbean islands to reopen in coming weeks
A growing number of Caribbean islands have already reopened to international visitors or have indicated when they will be doing so. These include the US Virgin Islands, the Bahamas, Grenada, Antigua and Barbuda, the Turks & Caicos islands, Anquilla, St Lucia and Aruba.
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NewsAzura Marine launches new solar-powered cat
The first of a new series of solar-powered catamarans by the Singapore-based Azura Marine was launched earlier this month in Bali, Indonesia. The appropriately named ’Solar Eclipse’ is the first hull of in Azura’s Aquanima 40 series, which currently includes the Aquanima 40 and Aquanima 45.
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NewsChina’s National People’s Congress proposes new Hainan investment initiatives
Control mechanisms for yachts included in new policies
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NewsEcho Yachts wins order for 56m catamaran yacht support craft
Western Australia-based Echo Yachts has won its first superyacht contract since delivery of two vessels for the same Singaporean owner, which included the 84m (276ft) trimaran White Rabbit.
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NewsCVC Capital Partners completes acquisition of D-Marin
Dubai Harbour Marina is included in the CVC deal Confirmation of the acquisition of the D-Marin group facilities in Greece, Croatia and the UAE by the Luxembourg-headquartered private equity group CVC Capital Partners has been belatedly received following an announcement by British Marine, the UK’s marine leisure ...
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NewsCaribbean island locations start to open up
The Caribbean islands are in the early stage of opening up after tough lockdown regulations were put in place to cope with the COVID-19 pandemic. The Dutch Antilles island of Aruba has announced that it will open from June 15 and Grenada has also received its first yacht arrivals with ...
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NewsPalma Club de Mar to undergo €60m transformation
Work began this week on a €60m upgrade to Club de Mar Marina in Palma de Mallorca, one of the major marinas in this leading Mediterranean yachting destination. The project is currently the largest on a public space within the marine recreational sector in Spain using private capital.
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NewsCroatia’s open borders to kickstart yacht charter market?
The opening of Croatia’s borders to allow EU citizens to visit without any quarantine restrictions is expected to trigger the restart of the yacht charter market, which has already started to pick up since the weekend. In particular, boat owners and visitors from Germany, Australia and Slovenia are anticipated to ...
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