Market News – Page 384
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NewsPlans for new A$75m Queensland marina revived
Plans to build a new marina at Palm Cove, some 20km north of Cairns in Queensland, Australia, are being revived after a previous potential developer went bust in 2017.
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NewsAon-Willis Towers Watson merger faces lawsuits
Plans for a takeover deal worth some US$30bn of two major insurance brokerage groups have hit a possible hurdle as at least three shareholder lawsuits have been filed opposing the approach by Aon to acquire Willis Towers Watson. Both businesses are big players in the superyacht insurance market.
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NewsNew Humphree centre on French Riviera
Humphree, the Swedish producer of marine interceptors and stabilisers, has established a new centre on the French Riviera. Located at Frejus, it will be operated by local company MS Yachting.
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NewsNew dates announced for Biograd show
The organisers of the 2020 Biograd Boat Show in southern Croatia have announced new dates for this year’s show, which will also now take place over five days instead of four.
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NewsIrish pontoon supplier wins Welsh marina contract
Inland and Coastal Marina Systems (ICMS), the Irish pontoon supplier, has been chosen by The Marine and Property Group Ltd to modernise its Port Dinorwic Marina in north Wales.
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NewsFrydenbø names preferred engine supplier for Sting and Nordkapp brands
Brunswick’s Mercury Marine division has entered into a supply agreement with Frydenbø of Norway to become the preferred engine partner of its Sting and Nordkapp boat brands in all global markets.
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NewsGCCM presses on with A$100m expansion programme
Australia’s Cold Coast City Marina & Shipyard (GCCM) is moving forward with the A$100m expansion programme first announced in 2018, which will result in a doubling of its site and a significant increase of operating capacity both across the marina itself and the 80-plus strong cluster of service providers onsite.
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News
Chinese marina project enters second phase of development
The development of the new Chongwu Yacht Marina in China’s Fujian province has moved forward into a second phase which will include the construction of the new facility.
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NewsJohnson Yachts launches virtual tours of new yacht models
Taiwanese yacht builder Johnson Yachts has embraced digital technology as a means of selling yachts as travel restrictions persist worldwide, with the launch of a series of new virtual tours of its products, including its new Johnson 115 flagship.
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NewsHISWA Amsterdam Boat Show folds for good
The RAI Amsterdam events organisation has closed down the annual HISWA Amsterdam Boat Show for good.
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NewsPortugal sees boating boost, but age old problems peg back growth
Portugal may have dodged the Covid bullet, but persistent problems continue to hinder the market
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NewsAzimut Yachts makes use of NASA patent to offer ‘pure air’ onboard
Italy’s Azimut Yachts is to introduce an innovative system called MMVS (Marine Mechanical Ventilation System) on many of its new yachts.
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NewsDraco Boats enters US market with two new models
Draco Boats, the iconic Norwegian motorboat brand built by Windy Scandinavia, has renewed its focus on the US market with its two latest models, the Draco 27 and 22.
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NewsNanni wins tender for new French Gendarmerie VCSM patrol boats
A VCSM patrol boat for the National Gendarmerie of France French shipbuilder SOCARENAM has chosen MAN V12 D2862 engines, which are represented and sold by Nanni in France, to power a new generation of VCSM patrol boats for the French Gendarmerie. Three new VCSM units, with an ...
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NewsHanse Yachts CEO, Dr Jens Gerhardt - The 15-minute read
Not watched the video yet? Check out the transcript highlights of IBI’s recent Interview to learn how Hanse is coping with Covid, how multi-million euro boats are selling online, and why CEO Dr Jens Gerhardt thinks we may be on the cusp of a surge in small sailboat sales
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NewsGreat American Outdoors Act passes US Senate
On a bipartisan 73-25 vote, the US Senate passed the Great American Outdoors Act (GAOA) on Wednesday, permanently endowing the Land and Water Conservation Fund (LWCF) at its existing US$900m appropriation and reduce the US$20bn in deferred maintenance backlogs on public lands.
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NewsMunich Re Syndicate appoints new head of marine
A new head of marine has been appointed to the Munich Re Syndicate at Lloyd’s of London in the UK. The new head is Rob McAdams, who joins Munich Re, a global leader in reinsurance business, from AXA XL where he was global marine chief underwriting officer.
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NewsMaster Promotions acquires five Canadian outdoor shows
Halifax, Canada-based Master Promotions Ltd announced on Wednesday that it has acquired five major-market consumer boat and sporting goods shows from Canadian National Sportsmen’s Shows (CNSS).
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NewsRussell Marine opens sixth showroom with new boating/outdoor concept
Russell Marine, the multi-location Alabama dealership and marina operator, held a soft-opening last week for a new 150,000sq ft facility and a new retail concept for the company – all in the midst of the Covid-19 pandemic.
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