All articles by David Robinson – Page 78
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NewsNew rules in Seychelles allows foreigners to own superyachts
The Seychelles government has introduced new policies related to foreign yacht ownership and operation. Under the new rules, according to a Seychelles News Agency report, a foreigner is able to own a yacht if it is over 24m (79ft) in length and valued in excess of $2m.
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NewsQatar show to double in size, say organisers
This year’s event will have 12,000sq m of exhibitor space
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NewsDean & Reddyhoff rebranded Boatfolk Marinas Group
Following the takeover last year of Quay Marinas (QM) by the Dean & Reddyhoff Group (D&R), the combined entity is to be rebranded Boatfolk Marinas Group Ltd. IBI understands that the rebranding is to be officially announced on April 1, 2020, according to a spokesperson for D&R.
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NewsLarnaca Marina gets go-ahead after prolonged negotiations
A Cypriot-Israeli consortium, Kition Ocean Holdings, has gained approval from the Cyprus government which, after prolonged negotiations over some two years, managed to reach an agreement over the redevelopment of Larnaca port and marina. A total of €1.2bn is planned to be invested in upgrades, making it the largest infrastructure ...
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NewsUK government appoints new minister to cover maritime sector
MP Kelly Tolhurst used to run Tolhurst Associates, a marine surveying business As part of the recent UK government ministerial reshuffle, Kelly Tolhurst has been appointed to oversee the country’s maritime sector including the recreational marine market. Tolhurst has the ranking Parliamentary Under Secretary of State at ...
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NewsEU revises financial status of key yachting markets
In financial deliberations of the past few days, the EU has revised the status of two key yachting countries in terms of financial listings. The two states involved are the Cayman Islands and the Marshall Islands, both of which are leading flag registration countries for superyachts. In respect of the ...
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NewsUK marine electronics specialist sold
UK-based marine electronics services specialist, Charity & Taylor, has been acquired by Aage Hempel Group, one of the largest marine electronics groups in Europe, and a subsidiary of Grupo Arbulu. Aage Hempel also has a dedicated division within its operations which comprise 120 office worldwide.
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NewsSpanish refit yard joins IGY Superyacht Vessel Support Network
Astilleros de Mallorca will serve IGY customers cruising in the Mediterranean
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NewsDP World to be taken private after Nasdaq Dubai delisting
DP World, parent company of DP World Marinas, P&O Marinas, Dubai Maritime City and Al Jaddaf, is to be taken private after delisting from the Nasdaq Dubai stock exchange. This is effectively a deal within the Dubai state-owned corporate holdings as Port & Free Zone World, the parent of DP ...
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NewsTokio Marine Holdings completes Pure Group acquisition
The acquisition of Privilege Underwriters Inc and its subsidiaries, which are collectively known as the Pure Group, has recently been completed by Tokio Marine Holdings, the leading international insurance business. Tokio paid $3.1bn to buy the Pure Group.
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NewsTorqeedo links with ZF to develop next-generation sailing yacht systems
Torqeedo recently announced a number of new partnerships including one with ZF which is set to take electric yachting to a new level. This new relationship plans to deliver next-generation sailing yacht systems: powerful, silent, steerable electric sail-drives and clean energy independence for yachts. It is anticipated that new products ...
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NewsScenic Group launches new superyacht cruise venture
Scenic Group, the Australian cruise ship group, is expanding its portfolio of activities with the new Emerald Yacht Cruises venture. Set up as a division of Scenic’s Emerald River Cruises arm, the new venture will start operations next year with the 110m (360ft), 100 guest-vessel, Emerald Azzurra, currently in build ...
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NewsSanlorenzo’s 2019 preliminary results show 39% growth in revenues
Following its IPO in December, Italian yachtbuilder Sanlorenzo posts strong gains in sales and profitability with EBITDA up 73.4% to €66m
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NewsBorrow A Boat pursues third crowdfunding round
The UK-based Borrow A Boat company, which aims to be the Airbnb of the boating world, is currently undertaking a third round of crowdfunding to raise a target of £1.5m. Requests to invest led to this round, rather than doing a private shareholder fundraising round with support of venture capital ...
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NewsNew investment at Latvian yacht port completed
A major investment programme to upgrade the facilities at Ventspils Yacht Port in Latvia has recently been completed. The programme included the reconstruction of a 110m (361ft) pier and three new floating berths. The changes mean the port now has berthing capacity for up to 50 boats.
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NewsGlobal tender for new Mumbai marina to launch this month
The Mumbai Port Trust (MPT) will shortly announce a global tender for the construction of a new 300-berth marina proposed for Princes Dock in the port of Mumbai. According to a report in the Free Press Journal, the value of the project is estimated at Rs 360 crore (US$50m).
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NewsBusy start to 2020 for McConaghy in both China and Australia
McConaghy, the specialist raceboat and multihull yacht builder, has had a busy start to 2020 at both its yards in China and Australia.
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NewsOCIBAR acquires Spanish superyacht marina
OCIBAR, the Spanish marina management company, has significantly expanded its operation with the acquisition for an undisclosed sum of the Port Tarraco superyacht marina in Tarragona. The purchase was made from the Qatari Diar Fund, which is linked to Qatar’s sovereign wealth fund.
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NewsTaiwan show organiser responds to Coronavirus outbreak
The Taiwanese government and the Taiwan External Trade Development Council (TAITRA), which promotes the Taiwan International Boat Show, have responded to concerns about the Coronavirus outbreak.
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NewsMarinas and yachting contribute 1.41% to Greek GDP
Further marina privatisations anticipated to add another 1%
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