Market News – Page 441
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NewsTrump blinks on new tariff threat
US President Donald Trump has softened his position on a threat made earlier this month to levy a new 10% tariff on US$300bn worth of Chinese goods not already subject to existing tariffs.
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NewsUK-based law firm to open Monaco office
HFW, the UK-based international law firm, has announced that it is boosting its global yacht practice with the launch of a Monaco office. It will be staffed by a team led by partner Andrew Charlier, former global head of yachts at Ince & Co.
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NewsMesse Frankfurt confirms expanded Cape Town show
Messe Frankfurt has announced a reformatted Cape Town International Boat Show, which as from this year includes a new open water second-hand boat exhibition area and enlarged retail section.
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NewsMCI signs deal with Princess
The UK’s Marine Components International (MCI) has signed a deal with Princess Yachts to supply Bennett Marine trim tab systems on its latest model, the Princess X95. The Bennett trim tabs will assist with the planing attitude of the 95ft, 104-tonne X95 yacht, which have a speed range of 24kt-26kt. ...
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NewsNew marinas to be built in Greece
The Greek island of Leros in the eastern Aegean Sea is to host a new marina. A concession agreement to construct a marina in Ormos Alindon was signed by ex-Tourism Minister Thanassis Theocharopoulos just before the start of the recent Greek elections.
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NewsHatteras/Cabo inks deal with SkipperBud’s
Hatteras/Cabo Yachts has formed a partnership with SkipperBud’s in which the iconic family-owned string of 18 Midwest dealerships will have exclusive rights to the luxury brands in the Great Lakes region of the US.
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NewsPoland to launch new yacht registration system in 2020
Poland’s law on the registration of yachts and other craft of up to 24m (79ft) is set to enter into force on 1 January 2020, introducing new fees for local yacht owners and capping them based on a percentage of the country’s minimum wage.
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NewsEnterprise Florida creating jobs through export growth
With only 4% of US companies exporting goods, state organisations like Enterprise Florida play an important role in helping businesses move into foreign markets with the goal of stimulating job growth through export growth. So, it’s no surprise that nine of the 13 US exhibitors at the Sydney International Boat ...
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NewsMaritimo pursues ambitious global expansion plan
An active new model launch programme, major facility investment, and increasing the global reach of its international dealer network are all facets of the ambitious expansion strategy for Maritimo, the Australian luxury yacht builder.
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NewsCanadian boat dealer subject of fraud investigation
The Royal Canadian Mounted Police (RCMP) have arrested one person and siezed a number of boats as part of an ongoing fraud investigation into a Vancouver-area boat dealership.
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NewsENATA upgrades Foiler design for 2020
Hailed by its builders as the world’s first production foiling yacht, UAE-based ENATA Industries’ new ‘Foiler’ had its world debut at the Dubai International Boat Show in March 2018 and has now been upgraded. The company has released images and details of its new 2020 edition which, according to the ...
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NewsTwin Disc acquires Veth Propulsion
US-based Twin Disc, maker of transmission, propulsion, steering and other systems for marine and other sectors, has acquired family-owned Veth Propulsion of the Netherlands.
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Polish boatbuilder to invest $3.9m in new production hall
Polish boatbuilder Northman has unveiled plans to invest some PLN 15m (US$3.9m) to build a new production hall. The project is related to increased demand for the manufacturer’s craft.
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NewsInflatable watercraft, paddles gain exemption from US tariff list
The Office of the US Trade Representative (USTR) has announced that certain inflatable boats, kayaks, canoes and paddles have been excluded from a list of Chinese imports subject to tariffs.
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NewsJohnson Yachts looks to a strong future after celebrating 30 years
In terms of the Taiwanese superyacht building sector over recent decades, Johnson Yachts Co Ltd, which recently celebrated 30 years, is without doubt a survivor.
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NewsSunseeker East Coast Australia expands Queensland presence
One of the newest tenants at the Gold Coast City Marina & Shipyard (GCCM) is Sunseeker East Coast Australia (SECA), the official dealer for the leading UK luxury yacht brand. The Sunseeker East Coast Australia dealership covers the key markets in Australia of Queensland and New South Wales plus Victoria.
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Lumitec partners with KenCraft Boats
Lumitec, a designer and manufacturer of extreme environment LED lighting solutions, has been named the official lighting supplier for KenCraft Boats for all their primary lighting needs.
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NewsPearl Yachts targets Asian market
The UK’s Pearl Yachts has formed a new collaboration with NextWave Yachting, a yacht services and brokerage company serving clients in Hong Kong. Following the signing of an agreement in early July, NextWave Yachting will now act as the exclusive dealer of Pearl Yachts in this region.
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NewsIGY Marinas open new superyacht facility in France
As part of its strategic plan to build a strong presence in Europe, IGY Marinas has officially opened its new superyacht marina at Sète in the South of France. The purpose-built facility is able to berth the world’s largest yachts.
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NewsFocus on affordability at 2020 Smoker Craft dealer event
US independent boatbuilder Smoker Craft Inc unveiled a wide range of new models at its 2020 model year dealer meeting this week, with a clear focus on capturing market share among entry-level and mid-level buyers.
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