Latest News – Page 720
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Australian Marine Industry Awards highlight global success
An inherent element of the annual ASMEX conference is the Australian Marine Industry Awards. Always held at a gala event, the awards reflect the success of the country’s strong marine industry, covering superyachts, marine recreation and commercial marine activities.
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Bahamas targets US$50m in yacht charter fees
The Bahamian government is focused on improving revenue and is targeting what one official calls the “low hanging fruit” of existing, uncollected revenue sources such as the island nation’s 4% yacht charter fee.
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UK timber modification firm grows team
Lignia Wood Company, a UK manufacturer of modified timber for the marine and other markets, has hired Dale Warren, Anthony Carroll and Chris Palmer as purchasing manager, senior technical sales executive and production manager respectively.
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Beneteau First Yacht 53 to launch at Cannes
After two years of development, the eagerly awaited First Yacht 53 from Beneteau will be shown for the first time at the autumn boat shows in Europe (Cannes, Genoa, Barcelona), and Annapolis in the US.
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Suzuki posts strong 2018 marine performance
Global financial results for the 2018 fiscal year released by Suzuki Motor Corp reveal strong performance by its marine division
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US boat trailer manufacturer expands production
Magic Tilt, a US builder of marine trailers, has expanded its production facility in Clearwater, Florida by adding an additional six-bay, 8,000sq ft building for trailer service, set-up and stacking purposes.
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Greek investment scheme wins Chios Marina concession
Just a few days before the elections in Greece, the national assets management authority awarded the 40-year concession of Chios Marina to Avlum Enterprises Co Ltd – Ioannis Elias D Tefas Nafpigoplastiki – Cleopatra Marina SA – Touristikos Limenas Prevezas SA.
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Dutch marine wholesaler reports strong Q1
Allpa Marine Equipment, a Dutch wholesaler with branches in the Netherlands and Germany, has reported an 8% jump in turnover in the first quarter of 2019, with sales benefitting from “nice weather” during the start of the year.
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New Maltese distributor for Blue Guard
Blue Guard Innovations (BGI) in the US has chosen Camilleri Marine to distribute the company’s products in Malta.
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Yacht Sourcing targets Thai market with new appointment
Yacht Sourcing, a full-service yacht provider based in Indonesia, has appointed Nicolas Monges as its general manager in Thailand.
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Nautor’s Swan opens new Boatbuilding Technology Center
Nautor’s Swan has opened the doors to its new Boatbuilding Technology Center (BTC) in Pietarsaari, Finland – a major expansion project that started in 2017 with a €10.5m investment on refurbishing its existing building and the implementation of new production facilities totalling 9,935sq m.
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Celsus UK expands sales team
Celsus UK has hired Adrian Gray of Global Distribution Solutions Ltd to help lead the expansion of the Kicker marine audio brand in Europe.
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ASMEX 2019 addresses key issues facing domestic and Asia-Pacific market
A regular subject covered by the ASMEX (Australian Superyacht, Marine Exports & Commercial) conference over its nine editions has been a focus of how to attract more superyachts to Australia and the Asia-Pacific region. The 2019 event has been no different, but in an intense day-and-a-half conference a number of ...
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Greece implements new yacht cruising tax
The Greek government has implemented its new cruising tax, also called the TEPAI, which was initially set to be introduced in early April. The news was issued by the UK-based Cruising Association (CA), many of whose members will likely be visiting Greek waters later this year.
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AB Inflatables appoints Caribbean distributor
AB Inflatables has signed an agreement with Outdoor World to distribute its entire RIB portfolio in St Marteen, Antigua, as well as St Lucia and Dominica.nd Dominica.
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Twin Disc opens distribution centre on heels of strong Q3 results
May has proven to be a good month for Wisconsin-based marine power transmission manufacturer Twin Disc Inc, as the company announced the completion of new global distribution centre and plans to expand a second facility on the heels of strong third quarter results.
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Swedish boat dealership expands
Sweden’s Marine Store has expanded with a new 10,000sq m facility located south of Stockholm. The company, which is majority owned by ice hockey legend Peter Forsberg, has been named Yamaha’s Biggest European Dealer-Marine for four years in a row, including two consecutive years as Yamaha Dealer of the Year-Marine ...
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US drops Section 232 tariffs against Canada, Mexico
Friday afternoon’s announcement that the US government has rescinded its Section 232 tariffs on aluminium and steel imported from Canada and Mexico, and the corresponding removal of Mexican tariffs on US-made boats, are being interpreted as key steps toward ratification of a new free-trade deal to replace the 25-year-old North ...
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Queensland promoted as Australia’s main SY state
On the first day of ASMEX, the Australian Superyacht, Marine Export & Commercial Marine Industry Conference, a clear message was presented to the 150-plus delegates from a dozen countries that Queensland is Australia’s superyacht state.
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Volvo Penta collaborates with French cat builder on electromobility venture
Volvo Penta has announced that it is to collaborate with French boatbuilder Fountaine-Pajot as it prepares to demonstrate its latest prototype electromobility technology.