All articles by Premium Content
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NewsPure Watercraft secures US$23m in Series A funding
A Pure Watercraft electric outboard motor Seattle-based Pure Watercraft, maker of electric marine propulsions systems, has secured US$23.4m in Series A funding led by San Francisco venture capital and private equity firm L37. Pure Watercraft will use the funds to “scale operations from beta to ...
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New technology helps shape MCA’s future SAR operations
UK’s Maritime Coastguard Agency looks into use of remotely piloted aircraft technology as a driver for the next generation of search and rescue
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Sultan investor welcomes arrests in Tag Yachts court case
A prominent United Arab Emirates businessman who lost millions of pounds in a doomed South African boatbuilding venture has welcomed the arrest of two of his former partners who now face charges of fraud, South Africa’s Sunday Times newspaper reported at the weekend. Sultan Al-Hameli was instrumental in ...
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2020 expected to be fourth-best year for RV sales in the US
Whether they’re known as caravans, RVs, campers or motorhomes in your part of the world, recreational vehicle sales in the US are rolling along on a record pace for 2020 with the industry predicting an all-time high in 2021. A news release yesterday from the RV Industry Association (RVIA) ...
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First online Asia Boating Dialogue a success
Today’s event offered considerable market information to the 170 delegates in attendance
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Candela raises €8m in investment
The Swedish start-up has received significant financial backing
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Informa reports £739.9m loss as Covid-19 disrupts events schedule
The impact of the Covid-19 pandemic on the global events calendar is shown in the reporting today of the first-half results for UK-listed Informa Plc, the world’s largest events business. Informa has reported a statutory pre-tax loss of £739.9m for HI 2020, a 398% fall on the profit of ...
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Thai government eases yacht restrictions
Foreign tourists can now apply for a Special Tourist Visa (STV) valid for 90 days
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Azimut-Benetti CEO announces closer brand links & new model plan
Group financial results better than last year and nine new models planned over the next 18 months
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Greek marina handover period extended
The Hellenic Republic Asset Development Fund (HRADF), also known as TAIPED, has extended the period of completion of the transaction that concerns Alimos Marina in Greece to Friday, October 30. The transaction concerns the transfer for the utilisation of the marina to Aktor Concessions and at the same time the ...
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Video
IBI speaks with Mercury President Chris Drees
IBI North American correspondent Craig Ritchie speaks with Chris Drees, President of Brunswick’s Mercury Marine Division, about how the company is managing booming demand, particularly in the US market, including the addition of more capacity; the split of OEM vs. dealer sales; and how to create ‘excitement’ in a virtual ...
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Scandinavian companies partner on electric engine development
Evoy and Oxe Marine team up to test high-powered electric outboard concept
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UK maritime training business fighting to survive
Red Ensign Training hit hard by Covid-19 and impact on marine industry
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Sunseeker invests capital to accelerate growth
Sunseeker has been back to full production since June The UK’s Sunseeker International, together with backing from its Chinese majority shareholder Dalian Wanda, is investing additional working capital with immediate effect in order to accelerate future growth plans. The brand is investing over £38m in ...
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SABBEX welcomes lifting of international travel ban, easing of lockdown restrictions
Covid-19 restrictions in South Africa were eased on Wednesday following a significantly lower daily infection rate
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Hurricane Sally destroys or damages marinas and boats along its path
While now a tropical depression dumping massive amounts of rain, Hurricane Sally came ashore near Gulf Shores, Alabama on Wednesday, taking some by surprise and leaving boats strewn well inland or sunk at the dock. At least one marina was severely damaged and at least one man is missing. ...
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OXE agrees major order but scales back on 2020 growth forecast
Swedish diesel outboard engine manufacturer OXE Marine has signed a letter of intent with current central and southwest US distributor Diesel Outboards LLC (part of the Outdoor Network group) to expand ODN’s distribution territory to also cover southeast US. ODN’s expanded territory will include Florida, which according to OXE ...
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Beneteau sells US plant; scales back at other facilities
Group Beneteau’s US production facility in Marion, South Carolina is being purchased by a fibreglass pool manufacturer, while the Group reduces production capacity and headcount across other facilities
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EU drive for greener economy not really hampered by coronavirus
European Commission President Ursula von der Leyen The coronavirus pandemic may be hammering economies worldwide, but it has not significantly dented Europe’s enthusiasm to get a handle on climate change. This week, the European Commission asked EU governments to raise Europe’s 2030 target for emission ...
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VIVIC signs US$100m contract for development of electric yacht
VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it ...
