All articles by Tony Esposito – Page 70
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NewsVIVIC signs US$100m contract for development of electric yacht
VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it has completed ...
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NewsCrowdfunding is fuelling electric boat motors as Oceanvolt nets €650,000 in four days
Electric power and propulsion systems manufacturer Oceanvolt is getting a financial jolt for its electric boat motor development, having raised €650,000 in the first four days of a crowdfunding campaign that hopes to net €1.5m, in what seems to be a growing trend for on-water electric propulsion. This is actually ...
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Judge declares yacht ownership suit “a mess”
A federal judge in Miami, Florida who has declared the ownership lawsuit over a US$1m yacht “a mess” is allowing a local business which has procession of the boat to keep it temporarily, and has further suggested federal investigators may want to intervene. It all began in April, when brothers ...
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NewsNumber of first-time boaters and female buyers up in US
Two new reports out this week indicate that it took just a few months of a global pandemic to reach what decades of marketing was only beginning to achieve: an increase in first-time and female boaters. Powersports marketing consultants Rollick has analysed and released data on boat-buyers entering the market ...
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NewsMalibu gets favourable ruling for patent case
US ski & tow-boat manufactuer, Malibu Boats, reported a favourable court ruling. allowing it to move forward in its patent litigation against the Supra and Moomba boat brands, owned by Skier’s choice
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NewsUS recreational fishing hits 12-year high
If there is a bright spot in the Covid-19 pandemic, one could certainly point to the outdoor recreation economy, which has been booming in the US since April, and now a new report from the Recreational Boating and Fishing Foundation (RBFF) bears that out, showing 50 million Americans have been ...
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NewsBrunswick buyback resumes
After suspending activity early this spring due to the uncertainty of the Covid-19 pandemic, Brunswick Corp will resume its share repurchase program starting today.
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NewsFort Lauderdale show decision imminent
The Broward County Commission could reach a decision about the future of the Fort Lauderdale International Boat Show (FLIBS), scheduled for 28 October to 1 November, at several venues along the intercoastal waterway, on….
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Patrick Industries buys wood distributor
Marine components supplier acquires working capital, machinery and equipment, and real estate of Inland Wood
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NewsGovernment audit clears Team New Zealand in America’s Cup controversy
No evidence of financial wrong doing or misappropriation of funds
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NewsGulf Star Marina completes US$20 million automated dry stack
Marina claims its the first fully-automated dry stack storage system in the United States
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NewsOneWater broadens digital platform with Boatsforsale.com acquisition
Bricks and mortar boat retailer makes move to expand online presence
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NewsNova Luxe acquires SA yacht-builder
Just one year after launching its first all-electric yacht, US-based Nova Luxe has acquired South African yacht-builder Scape, according to a company statement. Scape has been producing highly efficient catamarans primarily for the charter fleet market for more than 15 years. Nova Luxe plans to adopt the Scape models to ...
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NewsDrydock proposals sought by Puerto Rico Port Authority
The Puerto Rico Port Authority (PRPA) has issued a Request for Proposals (RFP) for up to US$20m in repairs and improvements to its World War II-era drydock facilities. Located at Pier 15 in Isla Grande, San Juan, the drydock was built in the 1940s and operated by the US Navy, ...
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NewsZin Boats looks to be ‘Tesla of the sea’
The Z2R can reach speeds of well over 30kt After 20 years designing racing sailboats while working for the likes of BMW and General Motors, Piotr Zin moved to a houseboat on Seattle’s Lake Union and started becoming concerned about the future. “The reason I started working ...
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NewsStreamline Boats granted 10-year lease at Port of Pensacola
After more than three months of debate concerning the ownership, viability and environmental impact of its potential tenant, the Pensacola, Florida City Council approved a 10-year lease at the Port of Pensacola for Streamline Boats of Northwest Florida which will build 26ft and 34ft centre console fishing boats there.
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NewsUS yachting sector showing signs of recovery
Despite 81% of yacht-builders reporting Covid-related business declines in the first quarter of 2020, the market is already showing promising signs of recovery, says one industry observer. As lockdown restrictions began to ease, so did buyer hesitancy, according to Affinity Group CEO Andrew Morgan. “Many potential acquisitions lined ...
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NewsBahamas yacht charterers look for return of pre-Covid growth
Hotel bookings for autumn in the Bahamas are “surprising strong”, according to Tourism director general Joy Jibrilu, and the yacht charter market continues to show positive signs.
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NewsGetMyBoat sees quadruple-digit growth in demand
GetMyBoat, the mobile app that connects people who want to boat with private or charter rentals, is reporting record demand and growth this summer that it says was reached organically.
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NewsHurricane Isaias lands in US as Category 1
While downgraded on Tuesday back to a Tropical Storm, Isaias defied predictions, regaining strength before coming ashore overnight as a Category 1 Hurricane near the North/South Carolina border. The storm is working its way up the Eastern seaboard leaving destruction in its wake. In Southport, North Carolina, South Harbour Marina ...
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