Finnish marine federation Finnboat today reported that the warm summer of 2018 helped boost domestic sales of small motorboats and PWCs in Finland last year. Sales of motorboats over 9m in length also continued to grow, as did sales of large outboard engines.
The stock market has reacted negatively to Beneteau Group’s FY 2018-19 outlook (announced after the close of the Paris stock exchange yesterday) in which the French builder projected a slowdown in the global boat market.
The development of yachting in Russia has hit a stumbling block after a recent decision by the St Petersburg authorities to turn down a project aimed at transforming the city into a centre for yachting in the Baltic. The decision follows concerns raised by the Russian Defense Ministry over the