All articles by David Robinson – Page 71
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NewsRolls-Royce uses financial measures to combat COVID-19 challenge
Measures include a dividend cut, revolving credit and reduced salaries
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NewsFincantieri reports 2019 loss due to Vard restructure costs
The negative performance restructuring costs of the Vard Group, a subsidiary of the Italian state-owned Fincantieri shipbuilding group, has caused Fincantieri to report a loss of €148m for 2019 compared with a profit of €69m in the previous year. Vard is currently participating in the build the REV Ocean82, the ...
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NewsNew marina projects planned for Bahamas and Costa Rica
South Abaco island and Puerto Limon to get new facilities
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NewsWartsila undertakes test with ammonia as lead-up to possible new fuel
With the marine sector being a major source of greenhouse gas emissions, there is much talk in the global yachting and superyacht market about the development of potential new fuels such as hydrogen, LNG or ammonia. It is known that a number of superyacht projects are already being planned to ...
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News€300m Ayia Napa marina due for completion ahead of summer Med season
The latest Cypriot marina development, the €300m Ayia Napa marina, is close to completion and will be ready in time for the Mediterranean summer season, although with the coronavirus pandemic it is not sure how that season might be impacted upon.
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NewsThree Australian shows cancelled for 2020
Three Australian boat shows – Sydney (July 30-Aug 3), Adelaide (June 28-30) and Brisbane (Aug 21-23) – have now been cancelled. The action follows earlier plans to just postpone them but, because of the further spread of Covid-19, the decision has been made to cancel all three events.
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NewsNew marina bolsters Maldives’ superyacht facilities and location appeal
The recent Phase One opening of the new Crossroads Maldives luxury destination includes a new marina able to berth some 30 superyachts of up to 50m (164ft) as well as several small yachts.
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NewsNew dates announced for Taiwan show
The 2020 Taiwan International Boat Show (TIBS), originally scheduled for March 12-15 at the Kaohsiung Exhibition Center and Kha Shing Pier 22, has been postponed to March 10-13, 2022. The show is held every two years and will be celebrating its fourth edition.
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NewsHeysea Yachts to deliver first Asteria 126
Chinese superyacht builder Heysea Yachts will shortly deliver its first 38.4m Asteria 126 model to a mainland Chinese customer following its launch in early March.
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NewsWartsila to restructure marine business ‘to accelerate strategy execution’
A new corporate three-part structure is to be introduced for the marine business of Finnish high-tech systems company Wärtsilä, from July 1, 2020. The company is a major supplier of various systems and equipment to the global yacht market and in a statement the reorganisation was stated to be aimed ...
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NewsGavio Group to combine Baglietto and CCN yards under the Baglietto brand
Yards closed until early April due to coronavirus
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NewsUK marine development to create around 2,000 jobs
Around 2,000 new marine sector jobs stand to be created in the south of England in a £1.5bn-plus project planned over the next decade by Portsmouth City Council (PCC) at its Tipner West site.
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NewsAustralia’s Sanctuary Cove International Boat Show postponed
The 2020 Sanctuary Cove International Boat Show (SCIBS2020), the largest marine leisure sector event in the Southern Hemisphere, has been postponed and new dates will be issued soon. It was due to be held at the Sanctuary Cove resort on Austarlia’s Gold Coast from May 21-24.
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NewsAzimut introduces new measures to cope with COVID-19
Azimut Yachts, part of Italy’s Azimut-Benetti Group, has introduced new measures to cope with the impact of COVID-19 and to align production with slowdowns in the supply chain.
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NewsGulf Craft names preferred Australian service centre
Gulf Craft, the Middle East’s largest yacht builder, has expanded its global service network by appointing Gold Coast City Marina & Shipyard (GCCM) as its preferred Australian facility. The brand is also looking to continue its global expansion with the appointment of new distributors in more than a dozen identified ...
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NewsNew Zealand’s Superyacht Gathering cancelled
This year’s event was due to be held in Auckland from March 25-27
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Winch Design reports 5.9% growth in 2018-19
UK superyacht design studio, Winch Design Ltd, saw turnover hit £31.1m for its 2018-19 fiscal year, a 5.9% rise on the £29.3m it generated the previous year. Profits after costs and tax were £4.42m, down 10.3% (£4.93) on 2017-2018.
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Major insurance deal stands to consolidate superyacht insurance
Two global insurance brokerage concerns, both very active in the superyacht market, may join forces as the result of a $30bn takeover approach by Aon to buy Willis Towers Watson. If the deal is completed, it would see the world’s second and third largest insurance brokerage business coming together to ...
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NewsGrowing questions over holding of Mediterranean charter and boat shows
With a series of seven or more charter and boat shows due to be held in late April, May and early June in Spain, Greece, Italy, Turkey and Cyprus, each is monitoring the situation in respect of the growing spread of the coronavirus and whether or not they should be ...
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