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NewsObituary: Bilgin Özkaynak
Bilgin Özkaynak, founder and owner of Marmaris Yacht Marina in Turkey, has passed away following an illness. His funeral was held in Istanbul on January 3.
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Gibraltar to join Schengen, minimising Brexit impact for yacht visitors
Under draft deal Spain extends Schengen arrangements to include Gibraltar
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Hatteras wants $2.5m lawsuit over custom yacht dismissed
Lawrence Smith filed a lawsuit last November against US boatbuilder Hatteras/Cabo Yachts over a $10.1m motoryacht. Smith entered into an agreement for the boat, a 2021 model Hatteras M98 Hull 101, in August of 2019 with an estimated delivery date of February 2021. But in March 2020 Smith ...
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Catalina Yachts EVP to retire
Gerry Douglas announces plans to step down from executive vice president role at US sailboat builder
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Investors in boatbuilding – the successes and failures of the past seven decades
International Boat Industry (IBI) will be presenting a three-part series starting on Thursday which tracks mergers and takeovers in the boatbuilding business and the outcomes for strategic and financial investors from the 1960s to the 2020s.
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Former Ferretti owners purchase the Boats Group for a reported $850m
The private equity firm Permira, which had a controlling stake in Ferretti in the early 2000s, has re-entered the marine leisure industry by acquiring Boats Group from fellow private equity investors, Apax Partners. Although the deal was struck on the 29th of December, the transaction value was not disclosed either ...
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Chris Craft is part of Winnebago Q1 gains
Strong consumer interest in the outdoors continued to drive sales, revenues and profitability in the first quarter, ending 28 November, for the manufacturer’s portfolio in recreational vehicles and Chris Craft boats
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Heesen sells fifth superyacht of 2020 and second in December
Dutch superyacht-builder Heesen is ending 2020 on a high note with its fifth sale of a superyacht this year and the second in December. The latest contact is a highly customised motoryacht based on the proven platform of the 50m Steel Class. The yacht will be constructed under YN 20150, ...
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RYA releases Brexit update for UK boaters
The UK’s Royal Yachting Association (RYA) has launched a Brexit update which provides a summary of the changes which will affect UK recreational boating as the rules change in January 2021.
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Indian boating market: High taxes and a lack of marinas continue to thwart growth, but potential is there
IBI’s Asia correspondent Mike Derrett speaks with Aashim Mongia, chairman of the Indian Marine Federation, about the leisure boating industry in India.
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Kiwi amphibious builder faces NZ$6.8m damages claim from rivals
After losing a protracted legal battle over copyright infringement, New Zealand amphibious boat builder Sealegs has been slapped with a NZ$6.8m damages claim ”plus a further amount to be quantified for reputational damage” from its two largest rivals. The damage claim stems from Sealegs’ 2016 allegations that Orion Marine ...
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Royal Ocean Racing Club CEO to step down
Eddie Warden Owen has spent the last 12 years in the role
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Custom Line reports record year
Custom Line, part of Italy’s Ferretti Group, has reported a significant rise in its order book, with yachts totalling over 200m sold in the last three months.
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Fountaine Pajot expects 2021 recovery
French catamaran builder Fountaine Pajot and parent company of Dufour Yachts confirmed its 2020 fiscal results confirming the negative Covid impact on both revenues and profitability
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Oyster Yachts in third recruitment drive within 12 months
UK yacht manufacturer Oyster Yachts is once again looking to expand its workforce to help deliver its full order book.
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NZ$250k Grand Prize up for grabs at 2021 Hutchwilco NZ Boat Show
The recently announced Surtees/Yamaha Grand Prize for the 2021 Hutchwilco New Zealand Boat Show will again be a huge incentive for Kiwi boaties and fishers to attend the country’s largest, longest running and most popular boat show.
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Spanish yacht design studio achieves laser scanning milestone
The Bravo Yacht Design Group (BYD Group) in Spain has just passed a milestone in respect of its use of high-tech laser scanning techniques, having worked on its 200th yacht scan. The total length of these yachts is in excess of 2,500m (8,208ft).
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Sportsman’s Warehouse to join The Great American Outdoors Group
Hundreds of US fishing and boating outlets consolidated following latest acquisition of the world’s largest boat dealer
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Reflections on 2020 as IBI closes for the year
IBI Editor Ed Slack reflects on a crisis like none other for the industry; IBI will be closed 23 Dec until 4 Jan when the daily news service resumes
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IBI Dec | Jan digital issue online now
This issue of IBI includes an in-depth look at UK boatbuilders and equipment makers in 2020, along with a round-up on Spain’s boating industry including its active Refit Repair sector. Naval architect Quentin Lucet discusses advances in foiling technology; and the duo behind the marketing pizzaz at ...
