Market News – Page 421
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NewsMarinas, insurers could help identify owners of storm damaged boats
Three months after Hurricane Dorian smashed its way through Grand Bahama and Abaco, the Association of Bahamas Marinas (ABM) is saying it and the insurance industry could help identify owners of derelict boats scattered across both islands.
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NewsSanlorenzo IPO update
Italian yachtbuilder Sanlorenzo on track for public share listing on 10 December
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NewsPrincess Yachts Alcudia to open soon
Princess Motor Yacht Sales (PMYS) in Majorca, Spain has announced that its new office and workshop in Alcudia is to open soon. Russell Currie, former Fairline MD, was awarded distribution rights for Princess Motor Yachts in Pollensa and Alcudia earlier this year.
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NewsGreen light for foreign SY charter in Australia
New legislation was passed through the Australian Senate today that enables foreign superyachts to charter in Australian waters. The special recreational vessel legislation will allow superyachts use of a coastal trading temporary licence, allowing commercial charter activities.
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NewsSpanish boat registrations up 10%
ANEN, the Spanish marine trade association, has announced that the number of leisure boats registered in Spain during the first 11 months of 2019 reached 5,929 units – a 9.7% increase over the 5,403 boats registered during the same time last year.
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NewsAppointment at Brunswick
Brunswick Corp has named Greg Falkner as general manager of its Lowe Boats division, effective immediately.
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NewsGreek government makes maritime tourism a strategic priority
The Greek Minister of Shipping and Island Policy, Ioannis Plakiotakis, recently inaugurated the 16th Athens Boat Show, which ran from 27 November to 1 December in the former Olympic Fencing Centre in Ellinikon on the Athens Riviera Coast.
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NewsAIMEX elects new president
The Australian International Marine Export Group (AIMEX) appointed Jeremy Spear as its new president and Peter Dowdney as vice president at its annual AGM in Sydney last week. Both were existing board directors, with Spear formerly serving as vice president and Dowdney as a director.
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NewsSeaWide Distribution expands portfolio
Seawide Distribution, a US wholesale distributor of outdoor products, boat systems, consumer and marine electronics, is now an authorised distributor for Sonos products. Seawide says it is the first Sonos distributor for the marine market.
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New owner for SEA magazine?
US-based marine publishing and marketing veteran Arnie Hammerman says he is in the process of taking over the publishing of SEA magazine from Duncan McIntosh Company Inc, as well as Boating World. Both magazines ceased publication last week.
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NewsOyster Yachts in major recruitment drive
UK boatbuilder Oyster Yachts has announced it is hiring 150 new employees in a bid to keep up with global demand.
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NewsPolish builder appoints US dealer
Poland’s Galeon Yachts has formed a new dealer partnership with Prince William Marine in the US.
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NewsExperts gather for 13th Middle East Yachting Conference
The 13th Middle East Yachting Conference, held last week at Yas Marina in Abu Dhabi, gathered more than 75 leaders from across government, business and tourism to dissect how the yachting industry and the GCC’s regulatory authorities are working together to reinvigorate the region as a global yachting hub.
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NewsKha Shing wins excellence award for Monte Fino F76
Taiwanese yacht builder, Kha Shing, has been awarded the 2020 Taiwan Excellence Award for its 23m Monte Fino F76 Flybridge motoryacht.
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Miami River Commission approves yacht building, restaurant; neighbours vow opposition
The Miami River Commission has approved construction of a six-storey marine facility and adjacent restaurant along the Miami River proposed by Puntallana LLC, but local residents are vowing to fight the decision until concession are received from the developer.
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NewsBrightbill named permanent MasterCraft CEO
The board of directors for US boatbuilder MasterCraft Boat Holdings Inc have named interim chief executive officer Frederick Brightbill as the company’s new permanent CEO, effective immediately.
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NewsFreedom Boat Club, Sea Ray win National Safety Award
The Sea Tow Foundation has awarded National Boating Industry Safety awards to two Brunswick brands, recognising the companies for their commitment to safety and sustainability.
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NewsUllman Sails SA reports financial turnaround under new CEO
Ullman Sails South Africa has reported a significant increase in turnover for the past calendar year following a decline over the previous two years.
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NewsAppointment at CDG
Canada-based Coast Dynamics Group (CDG), manufacturer of the SHOXS shock mitigation seating and KINETIX seat monitoring system brands, has appointed Phil Gibson to the company’s business development team with responsibility for growing recreational, commercial and military accounts.
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