Market News – Page 467
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Red tide hits South African marina
A deadly red tide has hit Cape Town’s exclusive Victoria & Alfred Marina inside the port of Cape Town, the marina said in a statement on Wednesday.
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Japan International Boat Show reveals positive trends
Motorboat and outboard engines showed continued growth last year
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Reed appeals Cannes show verdict
The question over which organisation will acquire the long-term rights to manage one of industry’s premier boat shows remains open
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US posts record trade imbalance in 2018
New figures released Wednesday by the US Commerce Department show the US trade deficit jumped by nearly 19% in December, reaching a 10-year high of US$621bn for 2018.
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Obituary: Robert Braithwaite CBE, 1943-2019
Robert Braithwaite CBE, the man behind one of the industry’s most iconic brands, Sunseeker, passed away peacefully in the early hours of this morning. He was 75.
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Yanmar reports increased business in France
The Japanese engine manufacturer recently opened a sales and customer representative office in La Roche-sur-Yon
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HISWA: all-electric Amsterdam boating will destroy local sector
The City of Amsterdam plans drastic steps to end traffic jams on its historic canals that have led to a 30% rise in nuisance complaints in recent years. The steps include a move to electric-only recreational boating by 2025.
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Fairline Yachts opens commercial marine facility
The UK’s Fairline Yachts has opened a new commercial shipyard facility in Hythe, Southampton.
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Christensen relocates to Tennessee
After nearly 30 years of building luxury yachts in Vancouver, Washington, Christensen Yacht Company is just months away from weighing anchor at a new facility in Tellico Lake, Tennessee, that will allow the company to build larger vessels and adapt more quickly to changing trends in the industry.
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New group lobbies for superyacht marina in Taiwan
A new group, the Kaohsiung International Marina Development Association (KIMDA), held its first meeting recently to develop plans for the establishment of a superyacht marina in Kaohsiung. The group was initiated by Captain Paul Brackley, who heads up Central Yacht in Hong Kong.
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Benetti delivers M/Y Eurus
Italy’s Benetti Shipyard delivered its fourth Delfino 95 motoryacht, M/Y Eurus, to its new owner in Viareggio last week.
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Brunswick looks to “define marine industry”, positioned for captive and external growth
“It is not our intention to participate in the marine industry, it is our intention to define it.” So said Brunswick CEO David Foulkes at the Raymond James 40th Annual Institutional Investor Conference in Orlando, Florida on Tuesday.
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Canadian government passes derelict boats legislation
A new Canadian law aimed at reducing the incidence of abandoned vessels could see owners of derelict craft fined up to C$6m.
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Rival Istanbul shows draw to a close
Turkey’s two rival boat shows have drawn to close, leaving much speculation as to how the events will unfold next year.
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AB Inflatables enters Italian market
Colombia-based RIB manufacturer AB Inflatables has chosen Nautica Ponte Magra to serve as its new Italian dealer. The company will represnt AB’s entire product line, including its recently introduced ABJET jet tenders, in different regions of Italy.
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Crestliner revamps model line, adds new models and pontoon series for 2019
Crestliner Boats is redesigning its model line and adding new models, including three new pontoon boats for 2019.
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€3.1m upgrade for Balearic port
A €3.1m upgrade to the port of Molinar in Palma de Mallorca is due to begin on March 18. The upgrade will include improvements to the marine facilities and related onshore buildings.
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Wayne family takes more active role in assuring public use of marina
The continuing saga of John Wayne Marina in Port Angeles, Washington, has taken a new turn with the late actor’s family taking a more active role in determining the facility’s future by putting together options for redevelopment of the marina and 105 acres owned by John Wayne Enterprises (JWE) next ...
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Wireless Logic Group acquires M2MBlue of the Netherlands
Britain’s fast-expanding Wireless Logic Group has acquired M2MBlue of the Netherlands, a company that combines cellular, satellite and land connections to deliver secure internet services to passengers on superyachts and ocean liners.
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Centralised electronic boat registration to take effect in Italy this month
Plans by Italian marine industry association UCINA to introduce a centralised electronic register for recreational boats is to take effect on March 14, 2019. The move follows a three-year commitment by UCINA to introduce simplified rules and transparency.