More IBI Market News
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News
High interest rates haven’t slowed boat borrowing, just sales
MarineMax chief revenue officer says buyers are financing at a degree consistent with low-interest rate environments
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Study: AI’s impact on Dutch boating is both significant and surprising
New research shows that the number of recreational boats on Dutch waters are less than half that of conventional estimates
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Spanish boat registrations continue to fall
The month of August, however, saw the highest registration levels in three years
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BIA: Australian industry turnover up 5% 2023/24
Boating industry association presents latest figures on opening day of the Sydney show
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Bank of Canada cuts interest rate for second straight month
Further rate reductions anticipated as inflation continues to ease and boat sector plans for 2025
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Government figures show Canadian luxury tax a failure
Justin Trudeau’s luxury tax on boats, autos and private aircraft directly attributed to job losses while failing to meet revenue projections
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Dutch 'pocket superyacht' yards report healthy demand
Success reflects the depth of high-end, custom yacht manufacturing in the Netherlands
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Confindustria Nautica: Global yachting market up 11%; positive outlook confirmed
Italian industry association releases findings of its annual market snapshot
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Spanish boat registrations down in 1H 2024
The decline was mostly for jetskis and boats under 6m in length
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Turkish shipbuilders turn to superyachts
A growing number of shipbuilders in Turkey are entering the superyacht market
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Spain reports double-digit drop in boat registrations
The decline was seen across all types of boats and most lengths
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Technology requires ‘holistic approach’ to reduce whale strikes
Progress has been made among WAVS members since the NOAA tech workshop in March
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Biden administration marks US$6m for technology to reduce vessel whale strikes
WAVS taskforce calls the mid-week announcement an “exciting and needed development”
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Starlink changes boat owner demographic in southern Africa
Fast internet coverage is reducing the average age of boat owners at South African ports
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US aluminium extrusion duties coming, but on how many marine products?
Petitioners have specifically called out a number of marine items to be excluded
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Canadian bank anticipates 2% interest rate cut within 18 months
The Royal Bank of Canada says rapid interest rate cuts expected to begin soon and be more aggressive than cuts in the US
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Declining yacht sales lead to rising charters
IYC, Fraser Yachts are reporting an increase in chartered yachts of over 50m
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Rich heritage, culture drives superyacht cruising growth in Japan
GMBA consultant Kenta Inaba provides update on Japanese superyacht sector
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ABC: Boating’s economic engine drives bipartisan support
IBI investigates the main takeaway following a day of lobbying on Capitol Hill
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Cape Town reports unprecedented superyacht influx due to Red Sea crisis
As many as 20 superyachts have re-routed around the Cape in recent months