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NewsMarket Overview | South Africa
While catamarans are not the only pleasure boats built in South Africa, the market is clearly dominated by cruising cats – both big and small, power and sail
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Chris-Craft | Stephen Heese
Chris-Craft’s president and CEO speaks with IBI about sales trends, working with Winnebago and what the future holds as the iconic US boat builder celebrates 145 years in business.
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Poland to launch new yacht registration system in 2020
Poland’s law on the registration of yachts and other craft of up to 24m (79ft) is set to enter into force on 1 January 2020, introducing new fees for local yacht owners and capping them based on a percentage of the country’s minimum wage.
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2019 Cannes Yachting Festival set for busy six days
With just over a month to go before the start of the 2019 Cannes Yachting Festival (CYF), the volume of news that has already been issued about new launches suggests the event will be as busy as usual – if not more so.
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Great Lakes marinas prepare to assess flood damage
Marina operators in one of North America’s premiere boating regions are hopeful that recent declines in water levels could signal the end of months of flooding and record-high water levels. Now, planning for the cleanup begins.
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Sunreef Yachts | Francis Lapp
Polish luxury catamaran builder expands abroad, adds new models to its portfolio and selects Cannes 2019 to serve up the 80-footer powerboat design which won over new owner Rafeal Nadal
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Boat stocks sink amid Wall Street fears
Boating-related stocks took a beating Monday as analysts cut earnings and target estimates on the news of declining US boat sales, showing signs that the marine industry’s eight years of sustained growth could be nearing an end.
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Leading boatbuilders to benefit from large-scale charter fleet order
The Moorings, Sunsail and Footloose have announced a $130m investment in new charter products by parent company Travelopia Yachts. Jenneau, Beneteau, Lagoon and Robertson & Caine are among the brands which will be receiving orders according to the charter operator
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Spanish boat registrations up 6.2%
Spain’s National Association of Nautical Companies (ANEN) has announced that the country’s recreational craft registrations grew by 6.2% year-on-year to 3,489 units in the first half of 2019.
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Vietnam and China: same yacht potential, different yacht approach
In many ways, Vietnam and China mirror each other in stunning and rapid wealth creation, making both prime markets for high-end yacht sales, but the way each country’s government embraces big boats is having opposite effects.
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Deloitte Boating Market Monitor highlights continued growth in global boating market
The annual Boating Market Monitor, prepared annually by Deloitte for Nautica Italiana, shows that the global market continued to rise in 2018 and reached a value of €22bn, with the Italian industry accounting for 2%. The findings were presented last week at the Versilia Rendez-Vous in Viareggio, Italy.
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Russia looks to generate $1bn revenues from yachting in the next few years
It might seem ambitious, but a mix of government incentives, restrictions on overseas vacations and an emerging middle class are fuelling potential
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Strong 2018 for Dutch SY sector
Dutch superyacht yards delivered over €1.5bn worth of 30m-plus yachts to owners last year, with a further 60 superyachts in various stages of construction.
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Marginal gains for Russian marine market, but appetite for sail growing
Local yacht dealers and industry analysts are expecting modest growth at best for the Russian leisure marine sector in 2019, most likely achieving no more than 1% in value terms compared to 2018.
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Finnish industry forecasting buoyant summer
Early onset of spring and last year’s warm boating season two underlying factors behind surge in market
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Croatia risks shift in yacht tourism to Greece and Turkey as fees rise
Country watching to see if higher prices and fees are sending yachters to new locations
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Western Australia and Northern Territories vie for superyacht work
The success of superyachts cruising to the Kimberley area of northwest Australia is seeing an inter-state challenge develop between Western Australia (WA) and the Northern Territories (NT) to win the support and related opportunities of these visiting yachts.
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Spanish recreational craft market posts best Q1 results in three years
Boat registrations up to 52ft make significant gains
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Brexit brings growth to UK boating tourism
A new study reveals that boating tourism contributed over £6 billion to the UK economy in 2018
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US outboard engine sales reached a 12-year high in 2018
NMMA has released the first section of its annual statistical abstract detailing trends in the dynamic outboard segment
