Sector News – Page 451
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NewsStrong sales at 2019 Auckland On Water Boat Show
New Zealand’s 21st Auckland On Water Boat Show ran over last weekend (October 3-6) and positive results have the New Zealand marine industry feeling buoyant.
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NewsTender call for Greek marina concession
Greece’s Hellenic Republic Asset Development Fund (HRADF) today invited invitations from interested parties for a concession of at least 35 years at Itea Marina through an advertisement in The Financial Times. It is the latest move in the country’s privatisation plan for a number of marinas and tourist ports.
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NewsIndustry rallies behind 1st Thailand Charter Week
The first Thailand Charter Week is producing strong interest from regional and international companies in the charter and marine tourism sector. The show is anticipated to have a successful first edition at the Phuket Yacht Haven venue, with 22 yachts confirmed so far.
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NewsPolaris Q3 revenues up, but not in marine
Polaris Inc reported year-over-year growth in overall revenues and gross profits among its 2019 third quarter results, in spite of an 11% YOY drop in revenues for its boat division.
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News2019 DAME shortlist revealed
The jury of the DAME Design Award 2019 competition has announced that 59 products from a total field of 118 entries spanning 27 countries have been nominated to enter the final rounds of judgement. Each nominated product will be available to view within the special DAME Design Award exhibition at ...
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NewsGrand Banks revenue hits 10-year high
The luxury yacht builder said seven new orders have boosted the Group’s order book to S$52.8m in the first quarter
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NewsSunseeker confirms sale of first flagship 161 Yacht
Following multiple sales during the recent Monaco Yacht Show, Sunseeker and ICON Yachts today announced the sale of the company’s first 161 Yacht with the client signing a Letter of Intent. The deal was brokered by Sunseeker Monaco, part of the Sunseeker London Group.
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NewsPacsoft International sold
Jonas Software has acquired marina management software specialists Pacsoft International for an undisclosed sum.
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NewsAquatic AV expands UK presence
Aquatic AV, a US manufacturer of specialist waterproof AV equipment, has appointed Marathon Leisure as its exclusive distributor in the UK.
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NewsFrench equipment firm opens Lorient site
Karver Systems, a French manufacturer of high-end sailboat equipment, has moved its sales department to Lorient La Base in Brittany. The company has also hired a new designer and an export sales rep.
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Brazilian group opens marina number eight
BR Marinas Group, the largest business group within its segment in Brazil, is to open a new marina in the historic city of Paraty, a UNESCO World Heritage site located in Rio de Janeiro state. The investment is said to be worth some US$2.3m.
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NewsUK Docks buys Royal Clarence Yard
UK Docks, a British ship repair firm with facilities on Tyneside, Teesside, Plymouth and Gosport, recently acquired the 5.7-acre Royal Clarence Yard in Gosport, a former military site that offers access to deep water.
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NewsMatrix Yachts files for liquidation
Cape Town luxury catamaran builder Matrix Yachts has applied for voluntary liquidation in the Cape Town High Court.
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NewsGo Earth introduces Automatic Fender System
Go Earth is introducing an Automated Fender System (AFS) to handle deployment and lifting of fenders on any size boat at the touch of a button using a smart phone or tablet app and Bluetooth.
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NewsFerretti Group cancels planned IPO
Despite strong sales results and reported investor interest in an IPO offering 30% of the Italian yacht builder’s shares, the Ferretti Group nevertheless decided to pull the plug on the public listing in the final hours of the offer period. The builder cited deteriorating conditions in the financial markets which ...
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NewsTough Q3 for Volvo Penta
Volvo Group reported financial results for the third quarter of its 2019 fiscal year today, revealing a difficult quarter for its Volvo Penta marine division.
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New French technical consultancy established
After working for the Federation des Industries Nautiques (FIN) for 20 years as its technical manager, Gregiore Dolto has established his own consulting company – CTN Conseil (Connaissances Techniques du Nautisme).
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French marina operator buys Dutch marinas
French marina operator Port Adhoc has signed a contract to acquire three marinas in the Netherlands from local group Thuishavens.
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NewsBig superyacht contract for VABO Composites
VABO Composites of the Netherlands is building one of the largest composite arrangements ever in the superyacht industry: the superstructure and mast of a yacht of Feadship member Royal Van Lent.
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NewsOwner of illegal Miami charter gets federal prison time
Dallas Ladd will serve 30 days in federal prison as the result of an illegal charter operation he ran, despite US Coast Guard warnings to cease and desist. The 38-year-old Miami Beach, Florida resident is also prohibited from owning or even boarding a boat for three years after his release, ...
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