Sector News – Page 445
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News
2020 Motor Boat Awards – finalists revealed
The UK’s Motorboat & Yachting magazine has announced the finalists for the 2020 Motor Boat Awards, sponsored by Side-Power.
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NewsGreen 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.
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NewsGreek government makes maritime tourism a strategic priority
The Greek Minister of Shipping and Island Policy, Ioannis Plakiotakis, recently inaugurated the 16th Athens Boat Show, which ran from 27 November to 1 December in the former Olympic Fencing Centre in Ellinikon on the Athens Riviera Coast.
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NewsSeaWide Distribution expands portfolio
Seawide Distribution, a US wholesale distributor of outdoor products, boat systems, consumer and marine electronics, is now an authorised distributor for Sonos products. Seawide says it is the first Sonos distributor for the marine market.
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News
New owner for SEA magazine?
US-based marine publishing and marketing veteran Arnie Hammerman says he is in the process of taking over the publishing of SEA magazine from Duncan McIntosh Company Inc, as well as Boating World. Both magazines ceased publication last week.
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NewsOyster Yachts in major recruitment drive
UK boatbuilder Oyster Yachts has announced it is hiring 150 new employees in a bid to keep up with global demand.
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NewsPolish builder appoints US dealer
Poland’s Galeon Yachts has formed a new dealer partnership with Prince William Marine in the US.
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NewsKha Shing wins excellence award for Monte Fino F76
Taiwanese yacht builder, Kha Shing, has been awarded the 2020 Taiwan Excellence Award for its 23m Monte Fino F76 Flybridge motoryacht.
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NewsBrightbill named permanent MasterCraft CEO
The board of directors for US boatbuilder MasterCraft Boat Holdings Inc have named interim chief executive officer Frederick Brightbill as the company’s new permanent CEO, effective immediately.
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NewsSuperyacht Refit Group grows business by 10% in 2018-19
Total value of activity among ICOMIA superyacht refit members was nearly €400m from 1,136 projects, representing approximately 40% of global business in the sector.
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NewsDMS fills “market gap” with universal stabiliser control system
Dynamic Marine Systems has begun marketing a remote-control operating system for any brand of large yacht stabiliser and that can add a zero-speed stabilising function.
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NewsAppointment at CDG
Canada-based Coast Dynamics Group (CDG), manufacturer of the SHOXS shock mitigation seating and KINETIX seat monitoring system brands, has appointed Phil Gibson to the company’s business development team with responsibility for growing recreational, commercial and military accounts.
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NewsBusy year planned for Hudson Yacht Group
The Hudson Yacht Group, based in Xiamen, China, is experiencing a busy time, particularly with its HH Catamarans division. The later was jointly founded by Paul Hakes who recently returned as Hudson’s chief of operations China from a year-long cruising sabbatical.
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NewsSanlorenzo braves the IPO market
Although investors have been lukewarm to a range of IPO opportunities in recent months – including Ferretti’s withdrawn public floation last month seeking a valuation of up to €1.08bn – Sanlorenzo is plunging ahead with its own offer. Industry awaits market response as an indicator of investor appetite.
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NewsMiami show organiser seeks long-term deal
The Virginia Key Advisory Board (VKAB) and the National Marine Manufacturers Association (NMMA) met again recently to discuss maximising use of the island that hosts the trade association’s Miami International Boat Show (MIBS) and the Miami Marine Stadium.
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NewsLignia Wood Co appoints new dealer for Italy and Switzerland
Growing involvement with yacht market
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NewsAmico inaugurates 4,000-tonne capacity shiplift
Genoa-based Amico & Co officially inaugurated it new €27m, 4,000-tonne capacity shiplift on Thursday. The new facility is not only an important development for this global leader as a superyacht refitter, but also a major bonus for Genoa in its ongoing campaign to become a key superyacht hub.
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NewsAmels expands capacity amid growing yacht-building operations
Dutch boatbuilder expands capacity, obtains order to build new superyacht
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NewsHustler Powerboats founder dies
The high-performance boating industry is mourning the loss of Hustler Powerboats founder Paul Fiore, who died unexpectedly on Tuesday at the age of 76.
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