Latest News – Page 722
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NewsRussia 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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NewsNew Italian refit yard nears completion
A new refit yard, Cantiere Rossini, located at Pesaro on Italy’s Adriatic coast, is nearing completion after three years’ work and a total investment of €25m.
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NewsTrump officials indicate what’s good for boating is good for the nation
Two members of President Donald Trump’s Cabinet told the boating industry Wednesday that the administration is aware of the importance boating is to the US economy and vow to continue to work with industry on everything from deregulation and expanding trade to boating access and programs to get kids outdoors ...
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NewsDutch yard starts on 80m superyacht with radical ‘backbone’ hull
Hot on the heels of two “incredibly successful” years, Heesen Yachts has unveiled a patented “backbone” hull design to solidify the Dutch builder’s name and reputation as a maker of very fast superyachts.
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SA builder confirms liquidation of Tag Yachts 50
Tag Yachts’ sister company was initially set up to drive production of South African builder’s new 50ft cat
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Safe Harbor acquires 80th US property
Safe Harbor Marinas in the US has purchased New England Boatworks (NEB) in Portsmouth, Rhode Island, bringing to 80 the number of properties the Dallas, Texas-based company owns in 18 states and making it, the company claims, the “largest and most geographically-diversified owner and operator of marinas in North America.”
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NewsAktor Concessions wins Greek marina bid
Greek company Aktor Concessions SA has been selected as the preferred bidder via e-auction for the right to manage and exploit Alimos Marina in Athens for a 40-year period, Greece’s assets fund (HRADF) announced at the end of April as part of its ongoing marina privatisation programme.
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NewsSecond Dutch SY builder to set up shop in Amsterdam
Royal Huisman of the Netherlands has agreed to open a yard in the Port of Amsterdam, making it the second Dutch superyacht builder, after Feadship, to do so as part of a drive to make Amsterdam a superyacht destination to lure maintenance and refit business away from, notably, Mediterranean yards.
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News12th Korea show pulls in crowds
The 12th Korea International Boat Show (KIBS) concluded last Sunday with exhibitors generally happy about the quality of visitors, bucking a slowing economy and reduced boat sales over the past two years. The latest leisure boat registration figures show that 3,522 boats were registered in 2017, down from 4,863 in ...
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NewsAggressive advocacy strategy paying off for US boating industry
When Thom Dammrich started as President of the National Marine Manufacturers’ Association (NMMA) 20 years ago, industry advocacy was a necessary evil, almost an afterthought. But two years ago, a decision to switch from defense to offense, and the subsequent action to do so, has paid off is some very ...
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NewsOceanco-BMT partnership yields first project
A year after it was announced, the strategic partnership between Dutch superyacht builder Oceanco and British engineering giant BMT has yielded its first project.
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Monaco Yachting Cluster holds annual pop-up event
The first of the two key annual events organised by the Cluster Yacht Monaco (CYM) was held yesterday in Monaco. The Spring Pop-Up gathering brought together cluster members along with brokers and guests. There were also 12 yachts between 14m-52m (47ft-172ft) participating.
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NewsAustralia’s largest SY marina and shipyard nears completion
Superyachts, pyrotechnics, superbikes, Gold Coast Mayor Tom Tate, and many others combined to commemorate the unveiling of Stage 1 of Australia’s newest – and largest – superyacht marina and shipyard earlier this month.
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NewsEuropean marine lender, SGB Finance, celebrates 20 years
Co-owned by Groupe Beneteau, SGB Finance has provided more than €2 billion in total financing since 1999
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NewsLarger, more complex yachts fuel “rapid growth” at Dutch firm
De Keizer Marine Engineering, a Dutch integrator of electrotechnical systems on sail and motor yachts, says its 2018 turnover ballooned by 45% to €50m and expects to repeat that in 2018.
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NewsTrade talks dominate American Boating Congress
As a record more than 350 recreational marine industry professionals opened the 2019 American Boating Congress (ABC) in Washington, DC, yesterday, the trade war between the US and China escalated, the stock market tumbled and confusion about who pays tariffs on imported goods reigned.
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NewsGenoa show registration up 26%
Registration for this year’s Genoa International Boat Show is up by 26% compared to the same time last year, according to Italian trade association UCINA, with more than 92% of the 951 exhibitors from the 2018 edition having already identified their display areas and products to be showcased.
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New CEO at Turquoise Yachts
Turkish superyacht builder Turquoise Yachts has been undergoing changes and expansion as part of its strategic plan to increase production and its share of the market as a world-class builder of superyachts. As part of this strategy, Turquoise has constituted a new board of directors and beefed up its management ...
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NewsTwo Oceans Marine to build new SA search and rescue fleet
South African catamaran builder Two Oceans Marine has been contracted to build a new fleet of Search and Rescue vessels for South Africa’s National Sea Rescue Institute.
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NewsRecord attendance for Smoker Craft’s 2019 Vendor Day
Multi-line US boatbuilder Smoker Craft Inc welcomed more than 200 individuals representing 90 of its suppliers to the company’s 2019 Vendor Day, held earlier last week. The large turnout represented a new record attendance for the company’s annual supplier meetings.
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