All articles by David Robinson – Page 70
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NewsAIG takes major hit from COVID-19 with quarterly profits down 93%
AIG (American International Group), a major player in the international superyacht insurance market, has reported a 93% fall in quarterly adjusted profits largely due to COVID-19, which it describes as “the single largest catastrophe loss the industry has ever seen”. Part of the fall was due to money put aside ...
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NewsSailing and boat access rules in Spain to start easing from Monday
22,000 leisure craft in Balearic Islands unused since Spanish lockdown introduced
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NewsCovid-19 likely to change future working practices in marine leisure sector
More home working anticipated to become a regular feature going forward
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NewsNew hydrogen fuel cell initiative involves ABB and HDF
With the growing interest and discussion about the potential use of hydrogen as a fuel for superyachts, a new initiative to manufacture megawatt-scale fuel cell systems in France may move the whole process forward. If successful, it will also help reduce carbon emissions in the maritime sector. The new initiative ...
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NewsYachts to be included in new port plan for Falkland Islands
Boat traffic is rising and there is a need for more enhanced facilities
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NewsThree yachts catch fire in Hong Kong
Hong Kong’s emergency fire and medical services were called to the Kwun Tong Typhoon Shelter yesterday afternoon after a fire broke out on board a boat and spread to two other yachts. Within around two hours, the fires were under control and no injuries have been reported.
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NewsDynamiq presents new yacht developed in collaboration with German car tuner Klassen
The GTM90 was due to have been launched at the now-cancelled Geneva Motor Show
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NewsYachting Developments restarts operations
Yachting Developments (YD), the New Zealand superyacht builder, has announced that it has resumed operations following a five-week break due to the COVID-19 pandemic. The resumption comes at a time when New Zealand is reopening on the basis that the country has for now managed to contain the coronavirus.
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NewsYacht transport continues despite uncertainty over Med season outlook
While the future of the Mediterranean season for yacht and superyacht cruising and charter is unknown at this point in time, arrangements to transport yachts into key Med locations continues apace. Taking the yachting centre of Palma in Mallorca as an example, a number of yacht transport ships have been ...
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NewsUS marine company to trial robot water taxis
A US technology company, Buffalo Automation, is planning to hold trials of an unmanned robot water taxi in the UK’s southwest port of Plymouth, hopefully this summer, once the Covid-19 situation eases.
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NewsWinch Design forms Employee Benefit Trust with key shareholding stake
JAC Holdings, the ultimate owner of the Winch Design companies, has a new significant shareholder which in effect takes the form of an Employee Benefit Trust. The new trust was created last year and according to a filing made to Companies House, the UK’s Business register, by JAC Holdings, the ...
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NewsAzimut-Benetti to make partial start to a full reworking
While the regional government for Tuscany has stated that a full return to work would not be made until May 4, it has reportedly allowed the Azimut-Benetti Group to go ahead with an initial restart that involves around 500 or so workers, about one-third of the total workforce.
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NewsNEEL Trimarans increases equity base with two new investment funds
For French multihull yacht builder NEEL Trimarans, 2020 will be a memorable year not only because of COVID-19. More significantly 2020 is the company’s 10th anniversary and it has taken steps to expand its equity base to underpin its future expansion. Earlier this year at boot Dusseldorf, the group announced ...
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NewsRescheduled Palma show cancelled
The Palma International Boat Show, which was rescheduled from its original April 29-May 3, 2020 dates to June 4-7, has now been cancelled until late April-early May in 2021.
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NewsHylas Yachts expands presence in performance cruiser market
The Taiwanese-headquartered sailing yacht brand, Hylas Yachts, has strengthened its presence in the performance cruiser market with the launch of its new Hylas 60 model. In terms of design, the Hylas 60 brings together international input from German Frers for the exterior styling and construction design with an interior layout ...
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NewsMediterranean new-build yacht and refit yards start to reopen
With the lockdowns due to the COVID-19 pandemic being eased in countries such as Spain and parts of Italy, a number of yacht and superyacht new-build and refit facilities have started to reopen this week. France will stay in lockdown until at least May 11 and Monaco is set to ...
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NewsMonaco Yacht Show remains on course for late September
The organisers of the 30th edition of the Monaco Yacht Show (MYS 2020), due to be held at Port Hercule from September 23-26, have issued a statement emphasising that the event is ‘still on course to take place’.
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NewsGYG reschedules loan repayments
Global Yachting Group (GYG), a listed superyacht painting, supply and maintenance company, has given details of changes to its repayments schedule for a €4m loan which was due to be paid up by March 31, 2021. Additionally, it has also made known that its operations in Spain are being restarted.
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NewsMcConaghy shipyards in China and Australia fully operational
McConaghy, the builder of high-performance and specialised mono- and multi-hull yachts and superyachts, states that its yards in Australia and China are both fully operational.
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