All articles by Subscriber-only – Page 249
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NewsItalian start-up plans Series A crowdfunding campaign for electric hydrojet
Sealence hopes to raise €7m in financing
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NewsFrench VAT details on rental of pleasure boats clarified
The French Directorate of Tax Legislation (DLF), part of the Ministry of the Economy and Finance, yesterday clarified key elements concerning the new VAT regulations regarding pleasure boat rentals and leasing payments. The DLF had published the new tax instructions on this area on November 6, but they were to ...
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NewsVision Marine IPO opens higher, shares soar in first day of trading
Vision Marine Technologies’ first day of trading on the US Nasdaq saw its IPO open 10% higher, at US$11.03 per share, then gaining 72% at its peak before some profit taking closed the day at US$13.69, nearly 37% first-day growth. The Quebec, Canada-based manufacturer of E-Motion electric outboard powertrains announced ...
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NewsBritish Marine prepares for Brexit with launch of new Manufacturer’s Identity Code application and search facility
All global boatbuilders, including EU-based manufacturers, will have to register their MIC on the UK register to place a vessel on the GB market
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NewsProduction move impacts OXE Marine results; BMW to co-brand OXE300
OXE saw a busy third quarter with a 77% jump in its order book, further development plans with BMW and Evoy, preparations for production in the US and Poland, and first sales to China via partner Parsun Power
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NewsE-Motion outboards to go public, Vision to price placing
Vision Marine Technologies, the Canadian firm behind the E-Motion electric outboard, has announced an initial public offering of 2.4 million common shares at US$10 per share to raise US$24m before offering expenses. The new stock will be offered on the Nasdaq under the ticker symbol ‘VMAR’ with trading beginning today ...
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NewsNew UK marina, several upgrade projects in progress
Newark Marina’s James Wilkinson (R) with Jon Challis of Inland and Coastal The UK’s extensive inland boating sector, including areas such as the Lake District and its 2,000-mile canal network, play host to many marinas and marine leisure facilities. Recently one new marina on the Grand Union ...
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NewsManagement changes at Zipwake
CEO Lorentz Simonson and area sales manager Göran Fredin are retiring
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NewsControversial Malaysian marina project scrapped by state government
Construction at the site was halted in March due to Covid-19 A controversial RM43bn (US$14bn) port project including a yacht marina and cruise terminal promoted as being the largest in the region has been stopped by the state Government of Melaka (English name Malacca). Recent press reports ...
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NewsSparcraft SA confirms new manager and co-owner
Mast manufacturer Sparcraft Masts SA has announced a new managing director and co-owner ahead of the retirement of long-time manager Michael Mitchell – better known as ‘Tich’. Chris James, who has worked with the company for the past 15 years in Durban, will take over full-time from January next year, ...
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NewsSpanish region implements measures to support local marinas, accelerate licencing procedures
Regional authorities to facilitate marina licencing processes
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NewsHodgdon to offer all-electric superyacht tenders
The 10.5m and 12m tenders are part of the Venetian line US boatbuilder Hodgdon is now offering what it claims will be the world’s first superyacht tenders powered entirely by electric power. The electric versions will be based on the company’s Venetian designs which are based on ...
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NewsTracker to double production capacity, add 300 jobs
Tracker Boats in the US is doubling production capacity at its Bolivar, Missouri facility and adding 300 jobs there and at its nearby Lebanon, Missouri facility. Owned by White River Marine Group, a subsidiary of Bass Pro Shops, a company statement indicates founder Johnny Morris is investing US$3m in converting ...
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NewsEU: Covid-19 vaccines may be available in Europe as of December 15
The first Covid-19 vaccines may become available in Europe in the second half of December if the European Medicines Agency issues a conditional approval. EU Commission President Ursala von der Leyen said: “in the beginning, small amounts become available” for health care and other essential services workers and the elderly. ...
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NewsMarineMax cited as pandemic performer
MarineMax, the Clearwater, Florida-based national retailer, was named a top performer during the pandemic months by a local newspaper looking at how the Top 10 companies in the Tampa Bay area of the Panhandle State fared during the second and third quarters of 2020. “If any local company can be ...
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NewsSuzuki restructures US operations
Masahiro “Max” Yamamoto has been appointed president of Suzuki Marine USA LLC Suzuki Motor of America Inc announced late on Thursday that it will restructure its operations in the US by separating its motorcycle/ATV and marine divisions into two separate companies. Effective April 1, 2021, the company’s ...
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NewsUS dealer group OneWater posts record sales
OneWater Marine – one of America’s largest boat retailers – topped $1 billion in sales for the first time; the company also expanded its reach in Florida with another acquisition
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NewsVaan Yachts to build second sustainable cat in “uneasy year”
Vaan Yachts owner Igor Kluin Vaan Yachts, a new Dutch builder of recyclable aluminium catamarans, says it will soon build a second project – a 14.95m (49ft) sailing yacht. “We are finally on our way. This has not been an easy year,” says owner Igor Kluin. Kluin ...
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NewsGreen light for €1bn marina and port project in Cyprus
The 650-berth Larnaca Marina and port plan After an extended waiting period, the Cypriot Ministry of Transport last week gave its approval for the combined €1bn Larnaca Marina and port project to go ahead. According to a Cyprus Mail report, this huge development, which will take up ...
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NewsPlans unveiled for new dayboat powered by lithium sulphur batteries
The 400kwh lithium sulphur battery is projected to offer a range of 70-100Nm at a cruising speed in the region of 20kt A plan to exploit the benefits of using lithium sulphur batteries instead of normal lithium ion batteries in a marine application is being developed by ...
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