All articles by Subscriber-only – Page 216
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News
Yacht owner ordered to pay compensation to insurance firm by Abu Dhabi Court
Pay-out demanded over yacht’s role in fire
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Alewijnse wins electrical installation contract for 105m Oceanco yacht
Once completed, the 105m Oceanco yacht will be one of the 50 largest yachts in the world
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Volvo Penta and ZEM team up on marine electrification
Battery specialist ZEM already has a strong track record in marine electrification in Norway
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UK's Force 4 retailer sees fall in 2020 turnover
Pandemic closed stores of the UK’s largest equipment retailer for 10 weeks but online growth helped offset brick & mortar sales
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Italy
Ferretti Group | Alberto Galassi
Record demand and the new normal; the Ferretti Group CEO talks to IBI about record sales, acquisition targets, selling boats on Instagram, and why Forrest Gump holds the key
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Yamaha could take Florida tech school program nationwide
Marine service technology program could serve as model for US-wide education program
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Charter agency sees 10-fold increase in rentals
Global sailing education and yacht charter firm NauticEd, also sees major rise in online sailing enrollments
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World’s largest superyacht in build faces major delay
Delivery of Rev Ocean not expected until middle of decade
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Russian yacht chartering on course for record growth this year
Clients spending longer on board, and turning away from tradional crusiing grounds on hunt for more exotic destinations further north
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New boat club forms in Bangladeshi capital
The Dhaka Boat Club is the country’s second such club of its type
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Polaris changes production mix to work around supply chain bottlenecks
The maker of Bennington, Godfrey and Bennington pontoon boats is deciding what to produce based on parts inventory
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USA
Market Overview | USA
Glory Days: Record sales, record profits and record order books leave US boatbuilders smiling, as a pandemic-induced shift toward family recreation combined with a surge in younger, first-time buyers drive what points to sustained growth in the leisure boating industry
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Plans to boost superyacht facilities in Queensland port
Casino owner buying new 40m Benetti to use for Great Barrier Reef charters
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Balance Catamarans/Nexus begin tooling on new Balance 580
The company’s expanding range is increasingly appealing to the European market
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Historic UK yacht chandlery to close this month
Arthur Beale brand to continue online supported by new investors
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Hudson Yacht Group reports busy year with new models and several sales
Eight sailing catamarans in build in Xiamen
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Peters & May USA sees consistent rise in business
The global yacht transporter continued to carry out sailings throughout the pandemic
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Vetus reports “unprecedented” global order book volumes
March 2021 was the company’s best sales month ever
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Continuum Ventures partners for majority stake in Walstrom Marine
The Walstrom family will continue to be involved in operations