Latest News – Page 504
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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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NewsSpanish marina operator obtains ‘Safe Tourism’ certification
Amarres Deportivos is one of few companies in the Balearics to be certified Covid-secure
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NewsSiren Marine appoints European distributor
UK-based motoryacht brokerage Argo Yachting, sister brand to Princess Motor Yacht Sales, has secured the distribution rights for Siren Marine’s Connected Boat technology in Europe.
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NewsTurquoise delivers 56m Blue II
Blue II: An exploration yacht for the 21st Century Turkish shipyard Turquoise Yachts has delivered Blue II, a retro-styled 56m explorer yacht, to its new owner. Described by the yard as “an exploration yacht for the 21st Century”, Blue II combines retro styling with the latest technology. ...
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NewsDispute emerges over cancellation of Cannes Yachting Festival
In a weekend interview, French official flatly denies he ordered the show’s cancellation and lays responsibility on the organisers; compensation costs at issue.
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NewsUS study says cost of onshoring supply chains from China could top $1 trillion
A new study by US-based Bank of America shows a growing appetite among manufacturers for repatriating overseas production in spite of potentially high costs A new research paper published by the Bank of America (BofA) notes an emerging shift among North American and European manufacturers toward onshoring ...
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NewsGYG issues strong first-half trading update
CEO Remy Millott: “The team’s focus on improving margins is starting to flow through” Global Yachting Group (GYG), the UK-based superyacht painting, supply and maintenance firm, has issued a positive first-half trading update for the six months ended June 30, 2020. The announcement comes not long after ...
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NewsCannes Yachting Festival cancelled
IBI has learned that several exhibitors have been informed this morning of the cancellation of the Cannes Yachting Festival, from the organiser Reed Expo due to increasing worries about the incidence of the Covid-19 infection rate in the Alpes-Maritimes region. The show was due to have taken place from the ...
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NewsGenting HK plans debt restructure
Hong Kong-listed Genting HK has been forced to take desperate steps to address the serious financial impact of Covid-19 on its core activity as the largest cruise ship operator in Asia. It owns Star Cruises, Dream Cruises and Crystal Cruises. Tan Sri Lim Kok Thay, Chairman & Chief ...
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NewsSABBEX welcomes South African lockdown easing but calls for business travel
Vanessa Davidson, executive head of the South African Boat Builders Export Council, expects local industry to rebound The South African Boat Builders Export Council (SABBEX) this week welcomed the further easing of Covid-19 lockdown restrictions that effectively allows a return to normal marine manufacturing activity. The easing ...
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NewsAnnapolis boat shows cancelled
In a discouraging development for the boating industry, the City of Annapolis announced yesterday that it was cancelling the US Powerboat and Sailboat shows scheduled for October, due to Covid-19 health concerns. The sailboat show – the largest in-water sail-only show – has a strong draw among international exhibitors and ...
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NewsRiviera unveils new 50ft model
Gold Coast, Australian boatbuilder Riviera is introducing a new 50ft sports motoryacht to its line-up of larger 64, 68 and 72 models
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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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NewsBrunswick pays down Revolving Credit Facility
US-based Brunswick Corporation announced that it will repay the remaining balance on its US$400m Revolving Credit Facility on August 21.
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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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NewsVesselsValue introduces automated valuation platform for superyachts
New service covers over 6,000 superyachts over 24m with values back to 2012
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NewsCanadian power equipment builder targets Europe
Xantrex hopes to build its European business on a new line of 230V inverter-chargers Burnaby, Canada-based electrical equipment manufacturer Xantrex aims to build its export business with a new product line developed specifically for the European market. The company says that its newly-announced Freedom XC 230V inverter/charger ...
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NewsPositive US boating trends continue
Two metrics released today by the National Marine Manufacturers Association in America indicates boating continues to draw strong online interest – and more tangibly – sales
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NewsIBI looks at the latest Covid developments in the Caribbean
A number of islands have delayed reopening
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