Market News – Page 466
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NewsKVH reports strong Q4, 2018 full-year financials
Revenue gains in its fourth quarter supported a strong fiscal 2018 for Middletown, Rhode Island-based mobile connectivity and inertial navigation systems provider KVH Industries as the company released its Q4 and 2018 full year results.
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NewsDan Mundy named president of Alexander Marine USA
Alexander Marine USA, a family-owned and operated boat brokerage and dealership on the US west coast, has appointed Dan Mundy as its new president.
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New Sea-Fire distributor for Finland
Sea-Fire, the US supplier of marine fire detection and suppression systems, has named Oy Maritim AB as its new Finnish distributor.
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NewsDammrich receives WSIA Lifetime Achievement Award
Outgoing National Marine Manufacturers Association (NMMA) president Thom Dammrich has received the 2019 Lifetime Achievement Award bestowed by the US Watersports Industry Association (WSIA).
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NewsStockholm show sees fewer visitors, but strong sales of large boats
The 2019 Stockholm International Boat Show reported a drop in visitor numbers for the second year in a row. Just over 68,100 people (78,490 in 2018) attended the nine-day show, which closed on Sunday.
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NewsOpposition to NZ superyacht levy grows
Opposition is growing to an Auckland Council proposal for an anchorage tax on foreign-flagged superyachts longer than 40m that moor in waters off the city. If the levy is imposed, the New Zealand Marine Industry Association believes it would cut into the estimated NZ$360m that superyacht visits contribute to the ...
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NewsIEC Telecom boosts involvement in Scandi yacht-racing
Global satellite communications firm IEC Telecom has strengthened its ties with the Scandinavian yacht-racing sector through a new collaboration deal with Sports-Partner AS, organiser of the Skagen Race.
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NewsGreen light for Mauritian masterplan
The strategic development plan commissioned for the Mauritius Ports Authority (MPA), which runs up to 2040, includes options for both new facilities for yachts and upgrades to existing facilities.
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NewsFincantieri acquires minority stake in Italian shipbuilder
The global shipbuilding and Italian state-owned group Fincantieri has acquired a minority stake in the Genova Industrie Navali (GIN) shipbuilding business. The transaction also includes an option for Fincantieri to buy a minority stake in the T Mariotti shipyard, a subsidiary of GIN which has a dedicated yacht-building arm, Mariotti ...
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NewsPolish builder expands to China
As part of its international expansion, Polish catamaran-builder Sunreef Yachts has appointed Speedo Marine as its exclusive representative for China. The firm will manage Sunreef’s marketing and sales activities in the Chinese market, effective immediately.
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NewsDutch boating sector up 4.8% in 2018; industry upbeat about 2019
Citing a long hot summer, HISWA Holland Marine says the Dutch boating sector’s 2018 turnover rose by 4.8% over the previous year. Rentals led the pack with a 10% turnover rise, followed by 7% growth for new-boat sales.
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News7th Kuwait Yacht Show to be biggest yet
The 7th edition of the Kuwait Yacht Show (KYS), which opens on March 26 at Marina Crescent in Kuwait City, is expected to be its biggest yet.
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NewsTankoa appoints sales and business development manager
Italian superyacht-builder Tankoa Yachts has appointed Giuseppe Mazza as its new sales and business development manager. Mazza joins the company after serving as sales manager for Mangusta Yachts from 2016-18. Prior to that, he spent six years as marketing director for Itama and Mochi Craft.
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NewsHuman error to blame for leisure cat mishap
Human error was to blame for a leisure catamaran accident outside Cape Town harbour late last year involving five British tourists, according to a provisional South African Maritime Safety Authority (SAMSA) accident report.
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NewsThailand achieves new record for superyacht visits
The strong commitment to growing marine tourism pursued by the Thai government is gaining momentum – although, as always, there is more to do. The latest success indicator is a record number of superyacht visits to Phuket the main yachting centre in the countries.
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NewsSpanish refit yard gets ISO 50001 certification
MB92 Barcelona, the Spanish superyacht refit and repair yard, has received its ISO 50001 certificate for energy management from Lloyd’s Register. The certification is in addition to the ISO 9001 and 14001 already in place.
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NewsWinch Design reports strong 2017/18
London, UK-based superyacht design studio, Winch Design Ltd, increased its turnover and pre-tax profit in the financial year ended May 31, 2018. The company, which also undertakes design work on houses, aircraft and other projects, described its yacht design activity as being ‘stable’.
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NewsCape Charles Yacht Center sold
Cape Charles Yacht Center in the US has been acquired by JB Turner, president and co-owner of Front Street Shipyard in Belfast, Maine, and Nicole Jacques, owner of Rhumbline Communications in Belfast, Maine. The new principals intend to expand the Chesapeake Bay shipyard into a premier superyacht refit and service ...
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NewsBIA rejects plans for 25% tax on new and used boats in New South Wales
The plan put forward by the New South Wales Labour Party to impose a 25% tax on new boats and second-hand recreational boats has been rejected by the Boating Industry Association (BIA), which was surprised by the announcement.
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