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US consumer and CEO confidence weaken amid economic uncertainty
Confidence among US consumers, CEOs sagging in response to continuing trade, geopolitical tensions
Grady-White owner rejects $400m offers, transfers company to perpetual trust
Eddie Smith has transferred the company to a trust structure designed to preserve its independence, making it the first marine industry business to adopt the model
Preliminary programme revealed for ICOMIA World Marinas Conference 2027 in Shanghai
IWMC2027 marks a landmark moment for the sector, recognising Asia-Pacific’s growing influence in global marina and waterfront development
Another record quarter for Garmin
Q2 revenues up 11% to US$2.2bn while marine segment revenues grow 14% to $341m, leading electronics giant to increase full-year guidance
Jeddah Yacht Club to host new Red Sea Yacht Show
Saudi Arabia is set to enter the international yachting calendar with a new event launching in Jeddah in October 2027
![Johannes Hertel IMG_0563_2 2[31] (kopia)](https://d1ajyvl96t5n4x.cloudfront.net/Pictures/415x277/9/6/9/63969_johanneshertelimg_0563_2231kopia_385160_crop.jpeg)
Windy Scandinavia names new head of sales and marketing
Swedish builder promotes key figure behind its superyacht chase boat transformation as it prepares to launch two new SR models in 2026
Xylem reports higher Q2 earnings and raises full-year EPS guidance
US water technology firm raises full-year guidance on improved profitability and margin expansion
Robertson & Caine appoints new managing director
Mark Bradford was previously MD of Diesel-Electric
Nuclear propulsion for superyachts debated at Monaco Energy Boat Challenge
Lloyd’s Register joined industry experts to explore nuclear-powered yachts as advances in small modular reactor technology spark renewed interest
Dynaxo expands Polish factory to meet rising demand
The ceramic cooktop manufacturer has invested in new machinery and upgraded production lines at its western Poland facility
High North American retail sales drive strong Q2 results for Polaris
Marine segment revenues climb 16% YoY driven by growing demand for premium pontoon product
Hubbell raises 2026 guidance after double-digit Q2 revenue growth
Hubbell’s Electrical Solutions segment, which includes its leisure marine business, up 25% in strong quarter
Sasga Palma appointed Solaris Power dealer for Balearic Islands
The Mallorca-based dealer will represent the Italian yacht builder’s premium motoryacht range across Mallorca and Menorca
Central Yacht secures strategic investment for Asian market expansion
The Hong Kong-based superyacht consultancy has partnered with TGG Group to develop a new generation of yachts tailored for Asian owners
Beneteau reports 12% revenue growth despite Q2 slowdown and reveals much reduced order intake
First-half sales reached €452.3m, but geopolitical uncertainty prompts dealer caution and inventory reduction in second quarter
Zero USV delivers first Oceanus17 uncrewed surface vessel
The 17m vessel features 50-day endurance, 5,000Nm range, and level four autonomous navigation capability
New Angolan shipyard targets recreational service sector growth
Kianda Shipyard is set to serve the country’s growing leisure boating sector with maintenance and technical support
Sunseeker confirms new ownership, CEO and leadership team
Cross Ocean Partners and Cheyne Capital have completed their acquisition of the UK yacht manufacturer, with Scott Millar appointed CEO alongside four senior executives to drive its five-year growth strategy
Sanlorenzo joins consortium bid to rescue The Italian Sea Group
Italian yacht builder confirms minority stake in Polo Nautico Carrara, which has submitted binding offer to acquire TISG’s operations
SYBAss launches new manifesto including first ever three-year plan
New strategy sets a clear work agenda for the team while giving the industry clarity on the organisation’s future direction
Donerail, Blackstone, and Centerbridge are final bidders for MarineMax
Three major investment firms are competing to acquire the world’s largest recreational marine dealer
Sealegs expands dealer network across US and Australia
New Zealand amphibious boat builder appoints four new dealers, strengthening its sales and service network across two key international markets
Finnish boat registrations on par with 2025
Finland’s boat market matched 2025 levels in the first half of 2026, while the pre-owned market continues to run 20% above pre-pandemic levels
Sea Ventures appoints new managing director
Vicky Farrow succeeds Nigel Colley, who moves into a consultancy role after more than 30 years leading the UK dealership
Japan Investment Adviser buys Yokohama yacht dealer
Financial services group expands into leisure marine sector with acquisition of Quay Side
Abu Dhabi opens Waterway Monitoring Centre to enhance maritime safety
New centre will be central hub for waterway safety monitoring and public maritime service operations
Boats Group study reveals importance of pre-sale brand visibility
Analysis of 85,000 verified purchases shows consumers often change brands before buying, highlighting the need for earlier engagement
OXE Marine Q2 revenue falls as losses widen
Softer market conditions and delayed government projects hit Swedish diesel outboard manufacturer
Wildfires force evacuation of France’s Cap Ferret boating destination
The area is a popular leisure boating hub with numerous marinas, yacht harbours and seasonal cruising
EBI secretary general on European market headwinds and hopes for recovery
Phillip Easthill shares his latest insights as the Polboat Yachting Festival opens in Gdynia
Carla Demaria joins ICOMIA board as co-opted director
Former Bluegame CEO brings global boat building expertise to strengthen ICOMIA leadership
Correct Craft acquires Ranger Tugs, Cutwater and Solara parent
Fluid Motion will continue to operate independently, retaining its brands and team members
Sterk Yachts appoints Nautical Ventures as exclusive Florida dealer
German builder partners with Vision Marine Technologies subsidiary to expand US presence and explore electric propulsion opportunities
Lookout grows global footprint with dealer network expansion
Enhanced distribution network to strengthen AI navigational platform’s international presence
Catana Group reports nine-month revenue decline
New boat sales fell 21% as geopolitical factors continued to impact market conditions.
1st Aqaba Blue attracts international support ahead of 2026 launch
Jordan’s first international marine industry exhibition has secured more than 80% of exhibition space ahead of its September debut
People on the Move this Week
New appointments at Aquavista, RAD Propulsion, Seven Yachts and more
MarineMax FQ3 profits and margin up despite drop in revenue, same-store-sales
US boat retailer posts 9.2% gross profit increase as inventory normalisation and tariff refunds boost margins
Swiss bank Julius Baer more than doubles first-half profits
The Zurich-based wealth manager maintains strong yachting sector ties through UHNWI services and event sponsorships including Yacht Club de Monaco
Floating Life strengthens collaboration with Sunreef Yachts
Exclusive event held in Zurich to promote the Polish multihull builder
Next Yacht Group acquires metal fabrication specialist
The deal, backed by a €20m investment plan, will expand production capacity for Maiora and AB Yachts’ metal superyacht lines across facilities in La Spezia and Pisa
Azimut-Benetti Group denies interest in buying TISG
The Italian builder has clarified it is not interested in acquiring The Italian Sea Group, though it remains open to considering specific assets
Nautic Center co-founder Marta Espígol dies
Spanish marine industry figure remembered for her contribution to the development of the country’s nautical sector
Seven Yachts hires charter director to drive EU expansion
Jochem Eenkhoorn joins the UAE-based company to expand its global reach and enhance its client-focused luxury yacht charter services
Regal Boats appoints Washington State dealer
Union Marine will represent the builder’s Express Cruiser and Yacht ranges
Balance Catamarans launches final 442 to make way for new model
Onda is the last of the 442 line, which produced 30 hulls but now makes way for the Balance 464
Mitie Group agrees £3.1bn acquisition by OCS Group International
The UK company manages marina facilities, port security and provides superyacht concierge services
Business as usual for Dubai-based superyacht refit firm
IBI’s Middle East correspondent visits Autore, a specialist in superyacht refit and repair
RAD Propulsion expands in North America with US sales appointment
Marine propulsion specialist names Sean Wilson as US sales manager as it continues to build its commercial presence in the world’s largest leisure marine market
EBI energy transition roadmap has coastal, inland marinas in its sights
Europe’s marinas face major infrastructure upgrades to support the shift to zero-emission recreational boating
Alaskan community launches 27-vessel clean-up
The BoatUS-funded initiative will remove boats from waters surrounding Annette Islands Reserve
Former British Marine president, ICOMIA vice chairman dies
David Lewin remembered for more than four decades of service to the leisure marine sector
Cruisers Yachts grows Mexican dealer network
Wisconsin-based boat builder appoints new retail partner in Mexico, with the first customer deliveries already completed
Lumitec achieves ISO 9001:2015 certification
Florida-based marine lighting manufacturer say milestone reinforces its quality management credentials as it expands its international business
MB92 explores intelligent refit technologies in new report
Technology should support human expertise and align with data and artificial intelligence
Paris show on track for November
The Fédération des Industries Nautiques revived and relocated the historic Paris Nautic exhibition last year, first held at the Grand Palais in 1926
Northrop & Johnson broker dies after 50-year career in yachting
Bob Leslie has passed away at the age of 81
TISG CEO Giovanni Costantino steps down amid company challenges
The departure leaves The Italian Sea Group facing mounting uncertainty, with the luxury yacht maker now requiring a new board to guide its future direction
Turkish shipyard ends partnership with Nordhavn Yachts after 55 builds
The partnership ended amicably due to rising production costs
Leadership change at World Cat
COO Vann Knight named president of US fibreglass boat builder
VMG unveils details of first 16m trimaran
The New York-based startup has revealed further details of its first model, the VMG 53, ahead of its planned January 2027 debut
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