Market News – Page 347
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NewsSA government offers temporary reprieve for stranded cruising yachts
Cruising yachts stranded by Covid-19 port lockdowns will be offered a five-week ‘safe corridor’ to disembark and access maritime services at three South African ports, the South African Maritime Safety Authority (SAMSA) has confirmed.
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NewsSunreef launches new Eco 60 featuring new solar power technology
Polish catamaran builder Sunreef Yachts has launched the 60 Sunreef Power Eco, a new motoryacht featuring Sunreef’s proprietary state-of-the-art solar power system that covers up to 68.6sq m of surface onboard, extending the solar energy generation to 13kWp.
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NewsDream Yacht Charter wins US$1.7m judgement
A US District Court judge has let stand a September ruling awarding nearly US$1.7m to the Annapolis, Maryland yacht charter company against Reginald Cummings and his Black Travel Movement (BTM) tour agency. Cummings and BTM had until 26 October to appeal the ruling, but failed to meet the deadline, meaning ...
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NewsMasterCraft posts most profitable first quarter in company history
Lower unit sales volumes attributed to supply chain challenges offset by delivery of more content-rich product as US boatbuilder ramps up for continued production increases
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NewsFort Myers Boat Show delayed, storm brewing
The opening of the 48th Fort Myers Boat Show (FMBS), a four-day event scheduled to open tomorrow, has been pushed back to Friday 13 November, proportedly due to weather. Tropical storm Eta is reforming into a hurricane in the Gulf of Mexico off Florida’s West coast. And ...
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NewsUK boat insurance brand returns under new ownership
Haven Knox-Johnston is now owned by the Aston Lark Group
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NewsAzimut and Brunswick report success at FLIBS
Both Azimut Yachts and Brunswick Corp have reported positive results from the scaled-down Fort Lauderdale International Boat Show (FLIBS) last week.
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NewsFIN to launch virtual show
The Fédération des Industries Nautiques (FIN) is planning to launch a virtual boat show early in 2021. Marketing of Virtual Nautic will begin next week and involve daily presentations open to all interested professionals.
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NewsSpirit Yachts delivers yard’s first fully electric yacht
The UK’s Spirit Yachts has delivered its first fully electric yacht, the 13.4m (44ft) Spirit 44CR[e], to its Canadian owner. Based on the Spirit cruiser racer (CR) design, the 44CR (e) was commissioned for an eco-conscious customer who set Spirit Yachts the goal of “near total energy self-sufficiency”.
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NewsSea Palace Floating Resort launched in Dubai
Located near Dubai Marina, the project is being developed by Seagate Shipyard and El Bahrawy Group at a cost of Dh600m ($165m/£124m). The Sea Palace Floating Resort consists of a hotel and six floating glass boat houses, each priced at Dh20mn ($5.4m).
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NewsTankoa sells fourth unit in all-aluminium 50m series
Italian superyacht builder Tankoa Yachts has announced the sale of the fourth unit in its all-aluminium 50m series after Vertige, Bintador and Olokun. Started on speculation, the build is now over 40% complete and scheduled for delivery at the end of 2021.
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NewsGreece enters new lockdown, bans movement of all boats
The new measures took effect on Sunday 8 November
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NewsTaiwan adds automatic ID requirement for yachts over 12m
Taiwan’s Ministry of Transportation and Communications will begin this week enforcing amendments to its Regulations Governing the Management of Yachts aimed at improving overall safety of the growing yacht fleet plying the waters of the China Sea. Chief among the changes is a requirement that yacht rental firms and commercial ...
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NewsIreland bids to host World Marinas Conference
The Irish Marine Federation (IMF), the marine leisure trade body that also represents Irish marina operators, has made its first-ever bid to host ICOMIA’s three-day World Marinas Conference in Dublin in 2023.
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NewsWhat can boating expect from the new US President, Congress?
With the new year, the US will see a new President and a new Congress, but not much else is expected to change for the recreational boating industry – on a legislative front. “We expect, from what we’ve already heard from President-elect Biden, there will definitely be an emphasis on ...
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NewsBrunswick hires director of Enterprise Electrification
Brunswick Corp today announced the appointment of John Oenick as director of Enterprise Electrification, a move designed to advance the company’s ACES (Autonomy, Connectivity, Electrification & Shared Access) strategy.
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NewsCape Town yard reopens after decade-long hiatus
Capecraft builds ski-craft in the 18ft-28ft range A Cape Town boatbuilding firm has reopened after a 10-year absence from the local market, the South African Boat Builders Export Council (SABBEX) reports. Capecraft Marine builds ski-craft in the 18ft-28ft range for the recreational and commercial sector. Owner ...
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NewsAmaala developer teams up with Monaco organisation on ocean water study
As part of the development of the 3,800sq km Amaala project in the Red Sea off Saudi Arabia, its developer, the Public Investment Fund, has teamed up with Monaco-based OceanoScientific and completed a two-week ocean water study in the western Mediterranean.
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NewsSanlorenzo sales remain on par with 2019
The Board of Directors of Italian yachtbuilder Sanlorenzo SpA today confirmed and approved the company’s results for the quarter and nine months ending 30 September. Consolidated net revenues from the sale of new yachts for the first nine months of 2020 totalled €322.6 million, compared to €322.8 for the same ...
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