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NewsCanary Islands opposition calls for community to accelerate €8.5m marina project
Opposition politicians want regional authorities to take over marina investment
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2021 Helsinki Boat Show rescheduled to 2022
The 2021 Helsinki International Boat Show (Vene 21 Båt) has been rescheduled to 2022 on account of the ongoing coronavirus pandemic.
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MDL Marinas to invest £60m over next decade on improvements
The investment will be spent on upgrading facilities, new marina hardware and the provision of services
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Gulf Craft launches "world’s largest" composite yacht
Delivery of the Majesty 175 is scheduled for March 2021 Gulf Craft, the Middle East’s largest yacht and boat builder, has launched the Majesty 175 – the world’s largest composite megayacht currently in production, the yard claims. Gulf Craft chairman Mohammed Hussein Alshaali told IBI ...
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Changes in ownership group of Fountaine-Pajot and Dufour
Compagnie du Catamaran, the controlling holding company of the Fountaine-Pajot group and Dufour Yachts, has announced a change in its shareholding. The investor Next Stage, a minority shareholder in the La Rochelle-based shipyard, is being replaced by private equity investor Arkéa Capital, which intends to work alongside members of ...
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Florida marine industry sees one of its own elected to State House
The voice of the recreational marine industry in the Florida House of Representatives just got louder with the election of a local boat club executive, who ran on a platform of clean water, climate-related sea level issues and infrastructure, beating out three experienced political opponents by – in keeping with ...
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Italian start-up plans Series A crowdfunding campaign for electric hydrojet
Sealence hopes to raise €7m in financing
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French VAT details on rental of pleasure boats clarified
The French Directorate of Tax Legislation (DLF), part of the Ministry of the Economy and Finance, yesterday clarified key elements concerning the new VAT regulations regarding pleasure boat rentals and leasing payments. The DLF had published the new tax instructions on this area on November 6 , but they ...
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Vision Marine IPO opens higher, shares soar in first day of trading
Vision Marine Technologies’ first day of trading on the US Nasdaq saw its IPO open 10% higher, at US$11.03 per share, then gaining 72% at its peak before some profit taking closed the day at US$13.69, nearly 37% first-day growth. The Quebec, Canada-based manufacturer of E-Motion electric outboard powertrains ...
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British Marine prepares for Brexit with launch of new Manufacturer’s Identity Code application and search facility
All global boatbuilders, including EU-based manufacturers, will have to register their MIC on the UK register to place a vessel on the GB market
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Production move impacts OXE Marine results; BMW to co-brand OXE300
OXE saw a busy third quarter with a 77% jump in its order book, further development plans with BMW and Evoy, preparations for production in the US and Poland, and first sales to China via partner Parsun Power
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E-Motion outboards to go public, Vision to price placing
Vision Marine Technologies, the Canadian firm behind the E-Motion electric outboard, has announced an initial public offering of 2.4 million common shares at US$10 per share to raise US$24m before offering expenses. The new stock will be offered on the Nasdaq under the ticker symbol ‘VMAR’ with trading beginning ...
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New UK marina, several upgrade projects in progress
Newark Marina’s James Wilkinson (R) with Jon Challis of Inland and Coastal The UK’s extensive inland boating sector, including areas such as the Lake District and its 2,000-mile canal network, play host to many marinas and marine leisure facilities. Recently one new marina on the Grand ...
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Management changes at Zipwake
CEO Lorentz Simonson and area sales manager Göran Fredin are retiring
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Controversial Malaysian marina project scrapped by state government
Construction at the site was halted in March due to Covid-19 A controversial RM43bn (US$14bn) port project including a yacht marina and cruise terminal promoted as being the largest in the region has been stopped by the state Government of Melaka (English name Malacca). Recent press ...
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Sparcraft SA confirms new manager and co-owner
Mast manufacturer Sparcraft Masts SA has announced a new managing director and co-owner ahead of the retirement of long-time manager Michael Mitchell – better known as ‘Tich’. Chris James, who has worked with the company for the past 15 years in Durban, will take over full-time from January next ...
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Spanish region implements measures to support local marinas, accelerate licencing procedures
Regional authorities to facilitate marina licencing processes
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Hodgdon to offer all-electric superyacht tenders
The 10.5m and 12m tenders are part of the Venetian line US boatbuilder Hodgdon is now offering what it claims will be the world’s first superyacht tenders powered entirely by electric power. The electric versions will be based on the company’s Venetian designs which are ...
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Tracker to double production capacity, add 300 jobs
Tracker Boats in the US is doubling production capacity at its Bolivar, Missouri facility and adding 300 jobs there and at its nearby Lebanon, Missouri facility. Owned by White River Marine Group, a subsidiary of Bass Pro Shops, a company statement indicates founder Johnny Morris is investing US$3m in ...
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EU: Covid-19 vaccines may be available in Europe as of December 15
The first Covid-19 vaccines may become available in Europe in the second half of December if the European Medicines Agency issues a conditional approval. EU Commission President Ursala von der Leyen said: “in the beginning, small amounts become available” for health care and other essential services workers and the ...
