All articles by David Robinson – Page 83
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NewsInmarsat takeover gets green light
The UK government has given its approval for the £2.6bn takeover bid for Inmarsat, the UK’s largest satellite company, to go ahead. Inmarsat is a leading player in the maritime communications sector, including yachting where it is currently looking to grow its involvement.
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NewsRolls-Royce opens new yacht support centres in Italy
Rolls-Royce (RR) has opened two new dedicated yacht support facilities in La Spezia, Italy. The two new centres are a new Yacht Competence Centre (YCC) and a Yacht Customer Care Centre (Y-CCC).
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NewsAsia-Pacific Boating magazine to close this month
Asia-Pacific Boating magazine, one of the main dedicated publications for the marine leisure industry in Asia, is to cease publication at the end of this month with the closure of Blu Inc Media, the Hong Kong-based publisher of the title. Blu Inc Media is a subsidiary of Singapore-based SPH Group ...
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NewsAzimut holds successful ‘Lifestyle Week’ in Malta
The second edition of the Azimut Lifestyle Week in Malta, held at Marina di Valletta and organised by local dealer Esprit Yachting Ltd, has proved a success. Some 450 people attended during the week, including 300 at the opening event, and two yachts – one of 15.2m (50ft) and another ...
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NewsBurgess reports large jump in profits in 2018
CEO Jonathan Beckett increases majority share from 63% to 71%
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NewsIreland Afloat buys Glasgow-based Yachting Life
The Irish online yachting news outlet, Afloat.ie, has recently acquired Scottish boating magazine Yachting Life, the future of which was in doubt following the takeover of the company by a large international publishing group headquartered in Germany.
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NewsSingapore government moves to take over Keppel and Sembcorp Marine
The Singaporean government is bidding to acquire a controlling stake, using its Temasek Holdings investment arm, in Keppel Corporation – a large, diversified business group with significant marine activities in shipbuilding and the offshore sector. The marine interests include Marina at Keppel Bay, one of Singapore’s key yacht marinas.
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NewsTender call for Greek marina concession
Greece’s Hellenic Republic Asset Development Fund (HRADF) today invited invitations from interested parties for a concession of at least 35 years at Itea Marina through an advertisement in The Financial Times. It is the latest move in the country’s privatisation plan for a number of marinas and tourist ports.
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NewsMYS end of show report reflects event’s success despite some market weakness
More exhibitors, best display of superyachts and more visitors
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NewsUK Docks buys Royal Clarence Yard
UK Docks, a British ship repair firm with facilities on Tyneside, Teesside, Plymouth and Gosport, recently acquired the 5.7-acre Royal Clarence Yard in Gosport, a former military site that offers access to deep water.
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NewsUK marine enterprise zone enters Phase 2
Work has recently started on the second of three phases of development at the Oceangate Marine Enterprise Zone (MEZ) located in Plymouth in the southwest of England. This is the first MEZ in the UK and the £7.6m contract for building Phase 2 has been part funded by the European ...
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UK marine firms to develop new lifecycle assessment tool
With a growing emphasis on sustainability in the marine leisure market, a new tool for lifecycle assessment (LCA) for the recreational and performance yachting sector is planned to be developed by an international collaboration between marine logistics specialist GAC Pindar and UK-based MarineShift360 that works to drive sustainability initiatives.
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NewsFirst sale of direct drive diesel microturbine generator for superyacht
The rebuild of the 42.06m (138ft) classic superyacht Istros by Feadship in Makkum will include the installation of the first-ever direct-drive DC C65 diesel microturbine generator for marine use. The sale was made by Capstone Turbine Corp of the US through Seven Turbine Power BV, Capstone’s exclusive distributor for Belgium, ...
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News‘Sustainability’ key focus of Barcelona show
Sustainability in the leisure marine industry is the key focus of the 2019 Barcelona Boat Show, which is now in its 58th edition. The theme is complementary to the show also reflecting the recovery of the boating sector with 7% growth in 2018.
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NewsFirst Queensland marina awarded Platinum accreditation
Australia’s Coral Sea Marina Resort, formerly known as Abell Point Marina, is Queensland’s first facility to achieve Platinum accreditation. This accreditation, the highest possible, is awarded under the global Gold Anchors Award scheme managed by the Marina Industries Association (MIA), based in Australia, and TYHA (The Yacht Harbour Association) in ...
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NewsWelsh marina group secures funding
The Cardiff, Wales-headquartered marina and boating services group, Marine & Property Group (MPG), has secured funding of £10.4m from the innovative financial services business, ThinCats. The new funding will be used to consolidate some existing loans and support further expansion including acquisitions and enhanced diversification in current activities such as ...
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NewsAsian companies target European shows to grow business
Sri Lankan and Chinese companies exhibited for the first time at the Genoa Boat Show and Cannes Yachting Festival this year as part of an effort to grow business in Europe.
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NewsNew details emerge on Ferretti IPO
According to a report on the online Market Watch financial news service, Italy’s Ferretti Group plans to list around 30% of its stock on the Milan Stock Exchange this month.
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NewsMonaco Yacht Show provides encouragement for market future
The 2019 Monaco Yacht Show closed last Saturday on a positive note for the future of the superyacht industry despite world economic and political challenges. The show, which with 600 exhibitors and 125 superyachts of which 42 were new yachts, was the largest to date.
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NewsGulf Craft adds new 37m Majesty 120 to its superyacht range
Middle East yacht-builder Gulf Craft announced at the 2019 Monaco Yacht Show that a new 37m (121ft) tri-deck Majesty 120 has been added to its superyacht range. The new model was launched by Mohammed Hussein Alshaali, Culf Craft’s executive chairman.
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