Regulation – Page 22
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News
Boating community sinks Virginia boat tax
Efforts by the Prince William County, Virginia Board of Supervisors to reinstate a 20-year-old boat tax were dead in the water when more than 100 boat owners and business people voiced opposition at a public hearing Tuesday night.
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NewsNew rules in Seychelles allows foreigners to own superyachts
The Seychelles government has introduced new policies related to foreign yacht ownership and operation. Under the new rules, according to a Seychelles News Agency report, a foreigner is able to own a yacht if it is over 24m (79ft) in length and valued in excess of $2m.
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NewsCRN M/Y 137 achieves IMO Tier III certification
CRN, a Ferretti Group brand, has become the first shipyard in Italy to receive IMO Tier III certification for its CRN M/Y 137, a 62m fully custom steel and aluminium megayacht that is soon to be de
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NewsEU revises financial status of key yachting markets
In financial deliberations of the past few days, the EU has revised the status of two key yachting countries in terms of financial listings. The two states involved are the Cayman Islands and the Marshall Islands, both of which are leading flag registration countries for superyachts. In respect of the ...
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NewsEU warns Malta over incorrect VAT on yacht leases
The European Commission has sent an additional letter of formal notice to Malta whose authorities it accuses of not levying the correct amount of the value-added tax (VAT) on the lease of yachts. Brussels claims that Valetta failed to properly modify its tax system in response to earlier requests by ...
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NewsCase against Tectrax struck out in High Court
Sealegs International and its parent, Future Mobility Systems, have withdrawn their High Court claim against fellow New Zealand-based company Tectrax for alleged infringement of copyright in the unique arrangement of features in the Sealegs amphibious system.
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NewsM/Y Luna free to leave Dubai?
The UAE-based English language newspaper Gulf News has reported that the $450m megayacht Luna, part of London’s largest divorce case, may finally be allowed to set sail from a Dubai port. The Gulf News article states: “The 115m (380ft) M/Y Luna has been holed up in Dubai while lawyers for ...
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NewsNew York State considers ‘wealth tax’
Face with budget shortfalls and looking to fund an ambitious new program, Democratic lawmakers in New York state are gaining support for tax proposals aimed at its wealthiest residents, which include a rollback of sales tax exemptions on megayachts and private airplanes.
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NewsInternational trade still holds challenges for recreational marine industry
Despite a flurry of recent positive activity on the trade front, the US recreational boating industry continues to face what the National Marine Manufacturers Association (NMMA) calls “serious challenges”. In a trade update to its members, NMMA wrote: “While NMMA is encouraged with the recent ratification of the United States-Mexico-Canada ...
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NewsRecreational boating opposes ‘Right to Repair’ legislation
The recreational boating industry has growing concern with a growing trend: so-called ‘Right to Repair’ legislation that requires manufacturers to release software information to allow independent retailers to repair electronic products. Just 29 days into the new decade, 27 US state legislatures have introduced such bills, which are opposed by ...
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NewsSpinlock gains Maritime NZ approval
Spinlock inflatable lifejackets have gained Maritime NZ approval for use on both commercial and recreational vessels in New Zealand.
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NewsNMMA, Transport Canada reach MOU to streamline boat importation regulations
The National Marine Manufacturers Association (NMMA) has entered into a Memorandum of Understanding (MOU) with the Canadian government which will reduce paperwork for manufacturers exporting boats to Canada.
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NewsUS/China trade deal keeps tariffs in place, Senate set to approve USMCA
The US and China are expected to sign a “phase one” trade deal today that would keep tariffs in place on some US$360bn in Chinese goods until after the US presidential election in November, while the United States Senate is expected to approve the US-Mexico-Canada (USMCA) trade pact on Thursday.
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NewsIndustry leaders advance key European objectives
European Boating Industry President Jean-Pierre Goudant outlines the future direction of EBI’s efforts to position the boating sector at the heart of EU policy making. In conversation with IBI Publisher Nick Hopkinson, Goudant passionatly advocates the need to have a ’seat at the table’ to tackle industry’s future challenges.
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News
California couple sues City over destroyed boat
Couple allege boat was unlawfully seized as part of a government program to clean up derelict vessels - federal law suit alleges many more vessels involved
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NewsDiscovery Yachts Group overcomes financial troubles to secure future
Lawsuit over 2017 delivery will cost Discovery over £1.5m in compensation, repair and legal fees
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NewsGreek marina privatisation plan attracts strong foreign interest
Chinese and Arab investors top list of interested bidders
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NewsSmuggler Marine and Orion win over Sealegs court case
Boatbuilders to pursue all court costs and damages from Sealegs
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NewsUS, China tariff deal helps boating, critics Say “Phase One” agreement too limited
The move last week aimed to deescalate the ongoing trade war reduces some US tariffs in exchange for increased Chinese purchases of American farm goods
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