Sector News – Page 435
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News1st Olympic Yacht Show to be held in Greece
A new Greek yacht show is set to take place later this year, courtesy of Ondeck Events and Olympic Marine SA.
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NewsGarmin earnings sends shares to 12-year high
The electronics maker’s stock price surged yesterday on the company’s report of Q4 and 2019 results which beat Wall Street’s expectations. Revenues for the fourth quarter totalled $1.1 billion, including a 22% rise in marine sales.
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NewsLarnaca Marina gets go-ahead after prolonged negotiations
A Cypriot-Israeli consortium, Kition Ocean Holdings, has gained approval from the Cyprus government which, after prolonged negotiations over some two years, managed to reach an agreement over the redevelopment of Larnaca port and marina. A total of €1.2bn is planned to be invested in upgrades, making it the largest infrastructure ...
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NewsFirst glimpse of Feadship’s Project 705 as yacht emerges from construction hall
Viewers were given an early glimpse of Feadship’s new 72.85m yacht today as it emerged from the yard’s construction hall in Aalmseer in the Netherlands.
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NewsHistoric Italian brand re-enters yacht market
Iconic Italian boatbuilder Falcon Yachts has re-entered the market following its recent acquisition by T-Quest Holdings of the Middle East.
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NewsFishing niche lets engine builders net new markets
Engine makers are repurposing purpose-built products for smaller market segments
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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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NewsTokyo boat show cancelled
Six South East Asian boat shows have been now cancelled or postponed due to the coronavirus
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NewsDubai show to go ahead next month as planned
The 28th Dubai International Boat Show (DIBS) is to go ahead next month as planned at the new Dubai Harbour Marina. The show’s organisers announced today that it will take place from March 10-14.
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NewsDutch superyacht builder opens newly expanded interiors facility
Heesen Yachts says demand for more sophisticated interiors requires more space and equipment
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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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NewsAlbin Pump Marine expands distribution network
Albin Pump Marine, the Swedish pump manufacturer, has appointed Lankhorst Taselaar as its new distributor for the Benelux and Germany. The agreement was signed at the recent Düsseldorf Boat Show.
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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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NewsNumarine introduces its smallest expedition yacht to date
The new 22XP is a response to client demand for compact explorer vessels
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NewsAustin Parker unveils new Fulvio De Simoni yacht line
The new range offers innovative and functional design solutions
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NewsStrong finish to 2019 leaves US registrations flat
A strong sales finish in Q4 saw US powerboat registrations up to close the year nearly even with 2018, according to data released by the National Marine Manufacturers Association (NMMA). Fourth-quarter 2019 sales were up 4% on a rolling three-month year-over-year basis and ended the year down 1% on a ...
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NewsSpanish refit yard joins IGY Superyacht Vessel Support Network
Astilleros de Mallorca will serve IGY customers cruising in the Mediterranean
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NewsDP World to be taken private after Nasdaq Dubai delisting
DP World, parent company of DP World Marinas, P&O Marinas, Dubai Maritime City and Al Jaddaf, is to be taken private after delisting from the Nasdaq Dubai stock exchange. This is effectively a deal within the Dubai state-owned corporate holdings as Port & Free Zone World, the parent of DP ...
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NewsThe future is here: Nautique charges forward with award-winning, all-electric tow sport boat
The Nautique GS22E The first all-electric boat capable of delivering a “normal watersports use experience” was introduced to the Miami International Boat Show (MIBS) last week by Nautique Boats, and not surprisingly, was named a National Marine Manufacturers Association (NMMA) Innovation Award winner for Electrical Propulsion. The ...
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NewsJonathan Timianko | PierShare
Market Disrupter: US start-up PierShare is bringing the Airbnb concept to boat docks. An empty dock at the end of his parent’s new Floridian home got city worker Jonathan Timianko thinking there had to be a smart way of making the asset pay for dock owner and boater alike…
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