Market News – Page 435
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NewsUK marina operators complete merger
The merger of UK marina operators Dean & Reddyhoff and Quay Marinas has now been implemented. The transaction brings together 11 marinas on the UK south coast, Bristol Channel, Irish Sea, the Clyde and East coast. A new nationwide cruising pass has been issued for berth holders offering access to ...
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Florida businessman accused of US$1.5m yacht Ponzi scheme
A Florida business owner was arrested Friday and faces multiple charges associated with operating his yacht brokerage firm as a Ponzi scheme and cheating four customers of US$1.5m.
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NewsSanlorenzo files application for listing with Milan Stock Exchange
Following its announcement in Cannes that it would pursue its planned initial public offering (IPO) stock listing, Italian yacht-builder Sanlorenzo today confirmed that it has filed an application to join the Milan Stock Exchange (Borsa Italiana).
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NewsSA supplier opens Cape Town warehouse
South African marine supplies company Manex & Power Marine have opened a new warehouse facility in Maitland, the company confirmed last week.
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NewsASA Electronics renews IBBI supply agreement
Elkhart, Indiana-based marine audio equipment manufacturer ASA Electronics announced on Friday that the company has renewed its existing supply agreement with Independent Boat Builders Inc (IBBI), a US-based buying consortium consisting of 18 independent boatbuilders representing 36 different brands.
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NewsItalian boating industry sees fourth consecutive year of double-digit growth
talian marine industry association UCINA presented its latest figures on Thursday, marking the start of the 2019 Genoa Boat Show.
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NewsUK boatbuilders report strong growth amid challenging conditions
New figures released by UK trade association British Marine at the 2019 Southampton International Boat Show, powered by Borrow A Boat, highlight that Britain’s boatbuilding revenue increased by 21.3% in 2018, totalling £777m in turnover.
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NewsSpirit Yachts appoints operations director
UK boatbuilder Spirit Yachts has promoted Karen Underwood to the role of operations director.
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NewsCorrect Craft eyes future expansion
Correct Craft is eyeing future expansion possibilities with the purchase of 60 acres adjacent to its Orlando, Florida headquarters.
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NewsSão Paulo show opens tomorrow with ‘navigable city’ message
An initiative that aims to raise awareness and public opinion about the benefits of recovering urban rivers is the message at this year’s São Paulo Boat Show, which opens tomorrow.
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NewsCMC Marine grows presence in China and Taiwan
Italian stabilisation specialist CMC Marine recently organised a roadshow in Taiwan to present its products to the Asian market. The company organised a series of events and meetings at Kha Shing’s Pier 22 Marina in Kaohsiung, with over 30 managers from the main shipyards in the area (including Ocean Alexander, ...
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NewsRecord attendance of nearly 30,000 at HISWA-in-Water show
Despite very Dutch weather – leaden skies, sunny spells, thunderstorms on a loop – organisers of the 2019 HISWA-in-Water Boat Show say their event attracted nearly 30,000 visitors this month.
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Member of ‘yacht robbery group’ arrested in Moscow
Following the theft of a US$2m yacht named Ghost 3 from Turkish charter firm GMM Yachting, Interpol has been on the case in search of the thieves.
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NewsPolice arrest second suspect in Lethbridge murder case
South African police have arrested a second suspect in the murder case of St Francis Bay boatbuilder Duncan Lethbridge, local media outlets report.
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NewsAppointment at Brunswick Boat Group
Brunswick Corp has appointed Jack Martin as general manager of its Crestliner Boats brand of aluminium fishing and pontoon boats.
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NewsPursuit signs new Canadian dealer
Fort Pierce, Florida-based fibreglass fishing boat builder Pursuit Boats has expanded its global dealer network with new representation in western Canada.
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NewsDutch boatbuilder says future looks “rosy”
Dutch boatbuilder Saffier Yachts says it built 47 daysailers in 2017, 52 in 2018 and will produce 61 this year. The Dutch yard expects growth to continue, by leaps and bounds, in the years ahead.
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NewsNorthern Marine sold
Seattle Yachts, a new boat dealer and yacht brokerage firm with offices in the Pacific Northwest, Southern California and South Florida, has purchased US boatbuilder Northern Marine. Included in the sale are the rights to the Northern Marine brand, the shipyard in Anacortes, Washington, the tooling, and intellectual property.
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NewsNTSB: Dive boat crew asleep when fire broke out
All six crew members of the ill-fated dive boat Conception, which caught fire 2 September killing 34 people off the California coast, were asleep when the blaze broke out in violation of regulations requiring a commercial vessel to have a crew member stand night watch.
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