All articles by Subscriber-only – Page 245
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NewsGibraltar to join Schengen, minimising Brexit impact for yacht visitors
Under draft deal Spain extends Schengen arrangements to include Gibraltar
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NewsHatteras wants $2.5m lawsuit over custom yacht dismissed
Lawrence Smith filed a lawsuit last November against US boatbuilder Hatteras/Cabo Yachts over a $10.1m motoryacht. Smith entered into an agreement for the boat, a 2021 model Hatteras M98 Hull 101, in August of 2019 with an estimated delivery date of February 2021. But in March 2020 Smith was told ...
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NewsChris Craft is part of Winnebago Q1 gains
Strong consumer interest in the outdoors continued to drive sales, revenues and profitability in the first quarter, ending 28 November, for the manufacturer’s portfolio in recreational vehicles and Chris Craft boats
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NewsIndian boating market: High taxes and a lack of marinas continue to thwart growth, but potential is there
IBI’s Asia correspondent Mike Derrett speaks with Aashim Mongia, chairman of the Indian Marine Federation, about the leisure boating industry in India.
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NewsKiwi amphibious builder faces NZ$6.8m damages claim from rivals
After losing a protracted legal battle over copyright infringement, New Zealand amphibious boat builder Sealegs has been slapped with a NZ$6.8m damages claim ”plus a further amount to be quantified for reputational damage” from its two largest rivals. The damage claim stems from Sealegs’ 2016 allegations that Orion Marine and ...
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NewsRoyal Ocean Racing Club CEO to step down
Eddie Warden Owen has spent the last 12 years in the role
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NewsFountaine Pajot expects 2021 recovery
French catamaran builder Fountaine Pajot and parent company of Dufour Yachts confirmed its 2020 fiscal results confirming the negative Covid impact on both revenues and profitability
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NewsSportsman’s Warehouse to join The Great American Outdoors Group
Hundreds of US fishing and boating outlets consolidated following latest acquisition of the world’s largest boat dealer
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NewsVision Marine named one of five promising stocks for the new year
Vision Marine Technologies has been cited as one of five promising stocks in five different market segments by investment firm Safehaven. In an online analysis, writer Alex Kimani details that while some sectors of the economy – like the travel and energy sectors – were devastated by the Covid-19 pandemic, ...
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NewsYacht sales driving south Florida real estate values
High net-worth clients snapping waterfront property simply to have somewhere to park their new yacht
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NewsShanghai Boat Show news; 2021 prospects for China’s market
“After five years of dormancy, the market is now gaining momentum,” says Helena Gao, assistant general manager of Sinoexpo Informa Markets, in an interview with IBI. The company organises the forthcoming China International Boat Show to be held in Shanghai from April 1st to 3rd, 2021.
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NewsPure Watercraft secures US$37.5m funding for electric outboards
US-based Pure Watercraft closed a US$37.5m Series A round of funding on Friday, which includes a previously announced US$23.4m. The oversubscribed funding round was led by venture capital and private equity firm L37, whose managing partner Randall Ussery will take a seat on the Pure Watercraft board of directors. “We ...
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NewsRussia’s boating sector struggles to attract private investors
Gazprom leads investment with two projects underway
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NewsHype launches luxury yacht rental in India
Luxury car rental company Hype has moved into the luxury yacht rental business. Customers can now rent out yachts for birthdays, anniversaries and other special occasions, with a variety of yachts available depending on their requirements. The service is currently available in Mumbai and Goa. A fleet of Bayliner 340, ...
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NewsSpanish marina operator wins licence to overhaul 110-berth facility
The authorities of Spain’s Valencia autonomous community have awarded a 30-year licence to local marina operator Marina Miramar under which the company will modernise and expand the marina in Calpe, on the shores of the Mediterranean. The facility has a berthing capacity for 110 craft. Marina Miramar operates a marina ...
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NewsDates for 2021 Genoa show, industry trends revealed
Next year’s event will be held from September 16-21
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NewsOne injured in fire at Nautique plant
One person was injured in what is described as a “small, contained fire that was quickly extinguished” at the Nautique Boats manufacturing plant on the East Orlando, Florida campus of parent company Correct Craft Thursday afternoon. Fire officials told clickorlando.com that the fire was snuffed in just under 30 minutes ...
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NewsMarineMax CEO: “Many years of great things ahead”
MarineMax CEO and president Brett McGill believes the US recreational boating industry has “many years of great things ahead” and that the Covid-19 pandemic-induced boating boom has permanently expanded the market, setting the stage for “many, many years of growth” ahead of it. But it has also hastened a change ...
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NewsEgypt embarks on ambitious Red Sea marina project
Egypt has begun construction of a yacht marina in Dahab to promote yacht tourism with Saudi Arabia and other Gulf countries. The governor of South Sinai, Khaled Fouda, and the chairman of the Red Sea Ports Authority, Khaled Zahran, recently inspected the construction site of the project in Dahab on ...
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NewsSwifter recovery for Bahamian marinas than other tourism areas anticipated
Marina sector down 40-50% since March but superyacht visitors helping recovery
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