Market News – Page 424
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News
USCG Illegal charter crackdown continues
The United States Coast Guard’s (USCG) focus on illegal charter operations continues in full force with the latest unlawful operator nabbed in Key West, Florida, just off the community’s legendary Mallory Square. The operator faces fines on up to US$39,936.
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NewsUS powerboat registrations on par with last year
New US powerboat registrations through September show retail sales down just under 1% on a rolling 12-month year-over-year basis and up 5% on a rolling three-month year-over-year basis, bringing retail units “back on par with last year”, according to the National Marine Manufacturers Association (NMMA).
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Dutch yard chooses SeaStar Optimus 360
Allpa Marine Equipment, a European marine equipment wholesaler based in the Netherlands, has announced that Van Der Heijden Yachts has chosen to use SeaStar Optimus 360 steering for their Phantom Flybridge model.
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Two yachts destroyed in fire worth US$24m
An early morning weekend fire destroyed two yachts worth an estimated US$24m in what officials are calling the “biggest fire loss in Ft Lauderdale history”.
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NewsNew SA builder takes aim at US market
An American businessman and a veteran South African boatbuilder have teamed up to buy the assets of Knysna-based Harvey Yachts, with a view to entrenching themselves in the global high-performance catamaran market.
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NewsVenice floods cause €500,000 damage to gondolas
As a prime tourism attraction and a major marine centre for boating, visiting superyachts and cruise ships, the traditional gondoliers in Venice have been hard hit by the floods currently affecting the city. Some 70% of this famous location are now covered by the floods, the worst for 50 years ...
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NewsAppointment at SmartPlug
US-based shore power equipment manufacturer SmartPlug Systems has named Ron Bailey as its new global vice president of sales and marketing.
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NewsNetherlands steps up Dutch flag marketing
The Netherlands is stepping up marketing of its registry of sea-going vessels and superyachts to generate more work for the Dutch maritime sector. It has launched a website – www.nlflag.nl – with details on vessel registration and certification, manning requirements and Dutch shipping and tax policies.
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NewsFairline expands dealer network
The UK’s Fairline Yachts has added Bush & Noble International Yacht Brokerage in Spain to its dealer network. A Dubai-headquartered operation with offices across the Middle East, Europe and the UK, Bush & Noble will trade as Fairline Southern Spain.
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NewsManagement changes at Turkish marina operator
Setur Marinas, Turkey’s leading marina operator with a portfolio of 10 facilities across the country, has made three executive appointments.
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Miami Innovation Award nominations open
January 10 is the entry deadline for products to be nominated for the 2020 Miami International Boat Show (MIBS) Innovation Awards.
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NewsMesse Frankfurt rebrands Cape Town show
Messe Frankfurt has rebranded the Cape Town International Boat Show, which from next year will be known as Boatica Cape Town. Show organisers are aiming to bolster show attendance to over 10,000 on the back of a recently enlarged show footprint featuring more exhibitors, luxury yachts, and interactive activities.
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Osculati reports strong 2019 results
Italy’s Osculati Group has reported turnover of €72m for the year ended August 31, 2019 – an 8% increase over the same time last year. Positive performance was recorded across all markets and product categories, with sales in Italy up 5% and sales in the rest of Europe up 9%. ...
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NewsOver 100 superyachts expected to visit Australia in 2020
Following the promotion of Australia and the South Pacific region at the Monaco and Ft Lauderdale shows, Superyacht Australia is anticipating that over 100 superyachts will visit the country next year. The America’s Cup races being held in Auckland, New Zealand in 2021 is a factor in this increase.
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NewsACI reports drop in profits for first nine months
The Croatian state-owned marina operator ACI has reported a 14.6% drop in profits for the first nine months of 2019. The company, which operates a chain of 22 marinas, achieved a profit of Kuna 33.7m – a Kuna 5.7m or 14.6% weakening in profits for the period ended September 30, ...
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News
Cornes Chart Group buys digital navigation provider
Two leading suppliers of navigation charts, software and equipment have joined forces to create what is claimed to be the largest charts supplier in the world. Cornes Chart Group has acquired navigation systems supplier GNS. The deal follows Cornes’ acquisition of US and Singapore-based Safe Navigation earlier this year to ...
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NewsBalance Catamarans reports orders boost for new 482 model
Newly-launched Balance Catamarans Cape Town had confirmed five orders for the new Balance 482 on the back of a successful Annapolis show.
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NewsKudos for Hull Vane from a French naval giant
French defense giant Naval Group has model-tested the Hull Vane and says the below-the-transom wing “significantly improves” powering, seakeeping and stealth capabilities of naval vessels and cuts their fuel consumption.
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NewsAxopar looks to major expansion over next two years
Launch of new Axopar 37 at Boot Düsseldorf to play a key role
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NewsMJM Yachts makes US$12m investment in North Carolina
MJM Yachts, the Boston, Massachusetts-based builder of “eco-friendly motoryachts”, is creating a new shipyard in Washington, North Carolina with a US$12m investment and the promise of creating more than 200 jobs over the next five years.
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