Sector News – Page 485
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News
Atlanta Boat Show targets younger audience, offers marine career opportunities
The 57th Atlanta Boat Show opens this week with new events aimed at younger boaters and a ‘Launch a Boating Career Day’ for university students.
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NewsControl of Cannes boat show awarded to Fédération des Industries Nautiques (FIN)
The Paris High Court (Tribunal de Grande Instance de Paris) has issued a ruling in favour of the French boat industry federation (FIN) in its case against UK-based Reed Exhibitions concerning control of the Cannes Yachting Festival.
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NewsFormer Olympic sailor joins Navico management team
Knut Frostad, a Norwegian yachtsman and former CEO of the Volvo Ocean Race (VOR), has joined Navico’s management team as executive vice president of digital business and marketing.
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NewsSolé Diesel and Mitsubishi celebrate 40-year partnership
Solé Diesel recently received a visit from Mitsubishi representatives at its head office in Barcelona, Spain, to celebrate 40 years of partnership between both companies.
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NewsTech entrepreneur forms new shipyard
Tech entrepreneur and investor Jasper Smith has entered the marine market with a new shipyard that will focus on semi-autonomous, hybrid explorer vessels designed to have minimal impact on the environment.
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NewsDanish sail-maker reports “significant increase” in turnover and profitability
Danish sail-maker Elvstrøm Sails has reported a significant increase in both turnover and profitability during the 2017/18 financial year. According to a company statement, earnings before tax more than tripled to DKK 9.1m against last year’s DKK 2.8m.
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NewsGlobal superyacht market starts year on strong footing
Deliveries, launches and keel-layings all feature in what measures up to be a flurry of activity at superyacht yards at the end of 2018 and start of 2019. The latest project news comes from Brazil, Italy and particularly the Netherlands.
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News
OCEA Yachts appoints Thai agent
French boatbuilder OCEA Yachts has chosen Infinite Yachts Asia to represent the company on the Thai market.
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NewsUK sailing school expands fleet
First Class Sailing in the UK has expanded its fleet with the purchase of two Beneteau Ocean 38.1 sailing yachts from Ancasta.
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NewsYamaha Marine reorganises multiple business units
The company’s marine division - accounting for nearly 1/5th of Yamaha Motor’s total business - is one of many units to be restructured
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News
Turkish engine producer enters marine market
Istanbul-based Erin Motor has completed the production of a marine engine after a 10-year research and development phase.
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News
Hamble School of Yachting acquired
Clipper Ventures, organiser of the Clipper Round the World Yacht Race, has acquired the Hamble School of Yachting, one of the Royal Yachting Association’s (RYA) leading UK sailing schools. The acquisition, for an undisclosed price, is part of Clipper’s strategy to grow its involvement with offshore sailing.
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NewsGreek privatisation agency accepts bid for Chios Marina
Greece’s privatisation agency, the Hellenic Republic Asset Development Fund (HRADF), has accepted an improved bid of €6.21m for the 180-berth Chios Marina in return for a 40-year concession on the facility.
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News
Florida firms choose VesselVanguard
Two Florida-based yacht management firms – Lauderdale Marine Services and Propwash LLC – have chosen VesselVanguard to facilitate their boat maintenance management services for yacht owners.
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News
Three companies team up to build Nordic group for boat equipment
After working together under the same ownership since July 2017, Sweden’s Hjertmans and Norway’s NMS (Maritim) have joined forces with Sweden’s Byggplast (SeaSea). The goal is to conduct an even wider Nordic consolidation focusing on profitability.
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NewsBrexit conclusion far from clear; British boating industry readies for 'No Deal'
Confused about what Brexit means? So are most Britons. British boatbuilders and equipment manufacturers prepare for a ‘no deal’ scenario.
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NewsNew Tahiti superyacht cluster
Tahiti Tourism is stepping up its support of the superyacht market by creating a cluster of committed yachting professionals. This is designed to meet the challenge of 2021, when the number of visiting superyachts is expected to double in the Islands of Tahiti before, during and after the America’s Cup ...
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St Lucie County close to SY repair yard deal with Derecktor
A new superyacht repair yard is one step closer to fruition at the Port of Fort Pierce, Florida, the details of which should be settled by mid-February.
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News
Long Island Marina on the market for US$8.8m
12-acre parcel on the Peconic Bay has been a commercial property since 1887
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News
Yamaha announces medium and long-term growth strategies
Earlier this week Yamaha revealed its top-line strategic goals up until 2030 along with a new medium-term management plan for the three year period starting in 2019. The plans cover various product sectors in the company’s business portfolio. As far as the marine business is concerned the stated key elementsof ...
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