Regulation – Page 11


    CRN 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

  • EU thumbnail

    EU revises financial status of key yachting markets

    2020-02-19T15:14:00Z IBI , by David Robinson

    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 conference Opportunities in Superyachts 2017 will be held on February 23 at the Excelsior Hotel in Valletta, Malta

    EU 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 ...

  • Textrax 1

    Case 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    Sealegs International and its parent, Future Mobility Systems, have withdrawn their High Court claim against fellow New Zealand-based company Tectrax for alleged infringement of copyright in the unique arrangement of features in the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.

  • M/Y Luna

    M/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 ...

  • New York State flag

    New 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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    Recreational 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 ...

  • Spinlock lifejackets

    Spinlock gains Maritime NZ approval


    Spinlock inflatable lifejackets have gained Maritime NZ approval for use on both commercial and recreational vessels in New Zealand.


    NMMA, 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.

  • Jean-Pierre Goudant©DavidGirard20172

    Industry 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. ...

  • 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

  • Discovery - John Burnie new MD

    Discovery Yachts Group overcomes financial troubles to secure future


    Lawsuit over 2017 delivery will cost Discovery over £1.5m in compensation, repair and legal fees

  • Greece-Paxos-generic-leisure-boats

    Greek marina privatisation plan attracts strong foreign interest


    Chinese and Arab investors top list of interested bidders

  • Sealegs3-web

    Smuggler Marine and Orion win over Sealegs court case


    Boatbuilders to pursue all court costs and damages from Sealegs

  • Tariffs-US-China

    US, 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

  • News

    Stricter boat safety laws sought after California dive boat charter fire


    Members of the California congressional delegation are proposing tougher safety standards for small boats in the wake of a fire aboard a dive boat charter that killed 34 people.

  • Philippines flag

    Philippines upgrades recreational boat records with new registry


    A significant upgrade for the marine leisure sector in the Philippines has been initiated with the launch of a new Registry of Recreational Boats by MARINA (the Philippine Maritime Industry Authority). The new system will reduce the licencing time for such craft from around two years to just five days. ...

  • Washington

    House Democrats reach USMCA deal, Senate vows no vote until next year


    On the same day it introduced articles of impeachment against President Donald Trump, the Democratic leadership of the US House of Representatives handed the president a campaign promise victory when it reached a deal with the White House on the US-Mexico-Canada Trade Agreement (USMCA); however, Republican Senate leader Mitch McConnell ...

  • Transfluid battery

    Transfluid obtains DNV-GL Type Approval


    Transfluid Trasmissioni Industriali, an Italian power transmission manufacturer, says it has recently become the world’s first company to obtain two DNV-GL Type Approvals – one for its complete range of marine parallel hybrid modules and another for its LiFePO4 Battery Banks.

  • MY Mischief cruising Sydney Harbour

    Green light for foreign SY charter in Australia


    New legislation was passed through the Australian Senate today that enables foreign superyachts to charter in Australian waters. The special recreational vessel legislation will allow superyachts use of a coastal trading temporary licence, allowing commercial charter activities.