Market News – Page 419
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News2019 has been a crucial year for Fairline Yachts
The company has hopes of profitability after heavy losses during its first 3 years of operation. Fairline’s just-filed accounts for 2018 show a loss of £14.8m
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NewsSA yard R & M Boat Builders reports surge in activity
Cape2Rio Yacht Race provides welcome boom as Cape Town looks to boost share of superyacht trade
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NewsD-Marin Dubai to operate new 1,100 berth Dubai Harbour facility
Largest marina in Middle East due to open October 2020
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NewsFiji Navy boost Nawi Island marina development
Team due in Savusavu this week to carry out reconnaissance on the Nawi Island Channel
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NewsUS, China tariff deal helps boating, critics Say “Phase One” agreement too limited
The move last week aimed to deescalate the ongoing trade war reduces some US tariffs in exchange for increased Chinese purchases of American farm goods
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NewsKiwi boatbuilder Naiad sold
Business to be acquired by its east-coast Australian builder partner, Yamba Welding & Engineering
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NewsCatana Group acquires Tunisian shipyard
After a fifth year with average annual growth over 50% and an order book that will result in exceeding the threshold of €100m in revenue this year, the Catana Group has just signed an agreement to acquire a majority stake in Magic Yachts.
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NewsNew X-Yachts owner increases shareholding
After acquiring a 51% stake in X-Yachts through his holding company Consolidated Holding A/S, entrepreneur and businessman Ib Kunøe has bought the remaining shares in the Danish sailing yacht producer.
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Stricter boat safety laws sought after California dive boat charter fire
Members of the California congressional delegation are proposing tougher safety standards for small boats in the wake of a fire aboard a dive boat charter that killed 34 people.
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NewsNumarine hires business development consultant
Turkish performance motoryacht builder Numarine has appointed the UK’s Karl Gilding as its business development consultant with responsibility for enhancing and growing the existing worldwide dealer network.
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NewsMercury Marine receives Sustainable Process Award
The Wisconsin Sustainable Business Council (WSBC) has recognised Mercury Marine’s aluminium use processes with a Sustainable Process Award.
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NewsSA government faces court showdown over fish farm plan for boating hotspot
A South African government decision to allow industrial aquaculture inside one of the country’s top recreational boating areas has prompted a court challenge from affected residents and watersports enthusiasts.
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NewsPhilippines upgrades recreational boat records with new registry
A significant upgrade for the marine leisure sector in the Philippines has been initiated with the launch of a new Registry of Recreational Boats by MARINA (the Philippine Maritime Industry Authority). The new system will reduce the licencing time for such craft from around two years to just five days.
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NewsMarine industry welcomes USMCA deal
The agreement reached between Democrats in the US House of Representatives and President Trump regarding the US-Mexico-Canada Trade Agreement (USMCA) is being hailed by the boating industry in the US, calling it a “critical pact that will protect and preserve the industry’s North American trading partnerships.”
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NewsLYBRA launches US version of The Superyacht Show
LYBRA (the Large Yacht Brokers Association), which over the last two years has held a successful Superyacht Show in Barcelona, is expanding to the US with an event to be held in Palm Beach, Florida in late March 2020.
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NewsSpeakers confirmed for 2020 International Breakfast Meeting
The speakers have been announced for the 2020 edition of the International Breakfast Meeting (IBM) at boot Düsseldorf in January, featuring the topic of sustainable boating. They include the European Commission, as well as innovators and entrepreneurs from the fields of hydrogen, digitalisation, electric and hybrid.
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US marina to be auctioned online
The Marina at American Wharf, located in Norwich Harbor in the US state of Connecticut, is being auctioned online this week by Norwich Community Development Corporation (NCDC) and Tranzon real estate auctioning firm.
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NewsAlliance Marine expands marketing team
Amy Grealish has stepped up to the permanent role of group marketing communications manager in the UK for the five safety, survival and technical apparel brands which are part of the Alliance Marine group.
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