All articles by David Robinson – Page 78
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NewsWinch Design forms Employee Benefit Trust with key shareholding stake
JAC Holdings, the ultimate owner of the Winch Design companies, has a new significant shareholder which in effect takes the form of an Employee Benefit Trust. The new trust was created last year and according to a filing made to Companies House, the UK’s Business register, by JAC Holdings, the ...
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NewsAzimut-Benetti to make partial start to a full reworking
While the regional government for Tuscany has stated that a full return to work would not be made until May 4, it has reportedly allowed the Azimut-Benetti Group to go ahead with an initial restart that involves around 500 or so workers, about one-third of the total workforce.
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NewsNEEL Trimarans increases equity base with two new investment funds
For French multihull yacht builder NEEL Trimarans, 2020 will be a memorable year not only because of COVID-19. More significantly 2020 is the company’s 10th anniversary and it has taken steps to expand its equity base to underpin its future expansion. Earlier this year at boot Dusseldorf, the group announced ...
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NewsRescheduled Palma show cancelled
The Palma International Boat Show, which was rescheduled from its original April 29-May 3, 2020 dates to June 4-7, has now been cancelled until late April-early May in 2021.
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NewsHylas Yachts expands presence in performance cruiser market
The Taiwanese-headquartered sailing yacht brand, Hylas Yachts, has strengthened its presence in the performance cruiser market with the launch of its new Hylas 60 model. In terms of design, the Hylas 60 brings together international input from German Frers for the exterior styling and construction design with an interior layout ...
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NewsMediterranean new-build yacht and refit yards start to reopen
With the lockdowns due to the COVID-19 pandemic being eased in countries such as Spain and parts of Italy, a number of yacht and superyacht new-build and refit facilities have started to reopen this week. France will stay in lockdown until at least May 11 and Monaco is set to ...
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NewsMonaco Yacht Show remains on course for late September
The organisers of the 30th edition of the Monaco Yacht Show (MYS 2020), due to be held at Port Hercule from September 23-26, have issued a statement emphasising that the event is ‘still on course to take place’.
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NewsGYG reschedules loan repayments
Global Yachting Group (GYG), a listed superyacht painting, supply and maintenance company, has given details of changes to its repayments schedule for a €4m loan which was due to be paid up by March 31, 2021. Additionally, it has also made known that its operations in Spain are being restarted.
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NewsMcConaghy shipyards in China and Australia fully operational
McConaghy, the builder of high-performance and specialised mono- and multi-hull yachts and superyachts, states that its yards in Australia and China are both fully operational.
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NewsRolls-Royce uses financial measures to combat COVID-19 challenge
Measures include a dividend cut, revolving credit and reduced salaries
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NewsFincantieri reports 2019 loss due to Vard restructure costs
The negative performance restructuring costs of the Vard Group, a subsidiary of the Italian state-owned Fincantieri shipbuilding group, has caused Fincantieri to report a loss of €148m for 2019 compared with a profit of €69m in the previous year. Vard is currently participating in the build the REV Ocean82, the ...
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NewsNew marina projects planned for Bahamas and Costa Rica
South Abaco island and Puerto Limon to get new facilities
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NewsWartsila undertakes test with ammonia as lead-up to possible new fuel
With the marine sector being a major source of greenhouse gas emissions, there is much talk in the global yachting and superyacht market about the development of potential new fuels such as hydrogen, LNG or ammonia. It is known that a number of superyacht projects are already being planned to ...
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News€300m Ayia Napa marina due for completion ahead of summer Med season
The latest Cypriot marina development, the €300m Ayia Napa marina, is close to completion and will be ready in time for the Mediterranean summer season, although with the coronavirus pandemic it is not sure how that season might be impacted upon.
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NewsThree Australian shows cancelled for 2020
Three Australian boat shows – Sydney (July 30-Aug 3), Adelaide (June 28-30) and Brisbane (Aug 21-23) – have now been cancelled. The action follows earlier plans to just postpone them but, because of the further spread of Covid-19, the decision has been made to cancel all three events.
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NewsNew marina bolsters Maldives’ superyacht facilities and location appeal
The recent Phase One opening of the new Crossroads Maldives luxury destination includes a new marina able to berth some 30 superyachts of up to 50m (164ft) as well as several small yachts.
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NewsNew dates announced for Taiwan show
The 2020 Taiwan International Boat Show (TIBS), originally scheduled for March 12-15 at the Kaohsiung Exhibition Center and Kha Shing Pier 22, has been postponed to March 10-13, 2022. The show is held every two years and will be celebrating its fourth edition.
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NewsHeysea Yachts to deliver first Asteria 126
Chinese superyacht builder Heysea Yachts will shortly deliver its first 38.4m Asteria 126 model to a mainland Chinese customer following its launch in early March.
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NewsWartsila to restructure marine business ‘to accelerate strategy execution’
A new corporate three-part structure is to be introduced for the marine business of Finnish high-tech systems company Wärtsilä, from July 1, 2020. The company is a major supplier of various systems and equipment to the global yacht market and in a statement the reorganisation was stated to be aimed ...
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