Latest News – Page 610
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Yacht broker sues developer for US$725,000 commission
A pair of lawsuits that span the Eastern seaboard of the United States are pitting a New York real estate developer against his long-time yacht broker who claims he was cheated out of a US$725,000 sales commission.
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Pearl Yachts targets Asian market
The UK’s Pearl Yachts has formed a new collaboration with NextWave Yachting, a yacht services and brokerage company serving clients in Hong Kong. Following the signing of an agreement in early July, NextWave Yachting will now act as the exclusive dealer of Pearl Yachts in this region.
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Rolls-Royce to rebrand Power Systems division
UK engineering group Rolls-Royce has announced that it is planning a rebranding of its Power Systems division which includes the core MTU brand. The latter is a top provider for supplying engines for superyachts.
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IGY Marinas open new superyacht facility in France
As part of its strategic plan to build a strong presence in Europe, IGY Marinas has officially opened its new superyacht marina at Sète in the South of France. The purpose-built facility is able to berth the world’s largest yachts.
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Nominations deadline approaching for IBI US Export Excellence Award 2019
Only a few days left to get your nomination in for the Award celebrating the very best in US Export Achievement
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Focus on affordability at 2020 Smoker Craft dealer event
US independent boatbuilder Smoker Craft Inc unveiled a wide range of new models at its 2020 model year dealer meeting this week, with a clear focus on capturing market share among entry-level and mid-level buyers.
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MCM unveils details of first Heesen project
MCM, a yacht management and new-build superyacht firm based in the US, has unveiled details of its first project with Heesen Yachts of the Netherlands.
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Latvian yard completes first yacht
Latitude Yachts has completed the construction of its first yacht, a trimaran, at the company’s shipyard in Sarkandaugava, within the Freeport of Riga, in Latvia.
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Porto Montenegro to invest €500m over 15 years
In recent interviews with news outlets in Montenegro and Serbia, Danilo Kalezic, the senior PR manager for Porto Montenegro, has suggested that over the next 15 years as much as €500m will be invested in the Montenegrin marina.
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Mixed 2019 Q1 results for Suzuki
Suzuki Motor Corp released its 2019 first-quarter results on Monday, revealing lower overall sales and profits attributed to a sagging Indian automotive market offsetting gains in the company’s marine and motorcycle business.
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Sydney International Boat Show dubbed a “resounding success”
With total attendance at just over 60,000 people, the Sydney International Boat Show (SIBS) was dubbed a “resounding success” by its organisers, the Boating Industry Association (BIA).
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MotorGuide and Lowrance extend partnership agreement
Lowrance and MotorGuide have announced their continued partnership after signing a long-term cooperation agreement in July. Both brands will continue to collaborate on sonar compatibility and chartplotter integration between MotorGuide trolling motors and Lowrance sonar and chartplotter technologies.
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NMMA hosts ‘Cheers & Beers’ reception at Sydney show
When trying to establish contacts and a foothold in a new, overseas market it’s not enough to just show up; it requires legwork and marketing, and in some cases, a little libation.
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Fischer Panda extends partnership with UK builder
Fischer Panda UK’s variable speed iSeries 5000i Neo and 8000i generators have chosen by Fairline as the cost option gensets for its new F//Line 33 express cruiser.
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Cummins reports mixed bag in Q2 results
Cummins Inc has released its second quarter results reporting mild revenue increases overall in a generally flat market.
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BIA president calls boating “the drug of choice”
Australia’s Boating Industry Association (BIA) president Darren Vaux opened the 52nd edition of the Sydney International Boat Show (SIBS) last week by telling his members and exhibitors from around the world that the industry should adopt a universal promotional message: “Boating: The Drug of Choice.”
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Fastmount announces master distributor in Spain
Fastmount, the New Zealand-based manufacturer of hidden panel mounting systems, has announced Riviera Trade as its master distributor for Spain.
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Johnson Outdoors reports Q3 revenue gains
Marine and outdoor equipment manufacturer Johnson Outdoors Inc released its 2019 third quarter results on Friday, reporting higher revenues on the strength of solid fishing equipment sales.
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Sunreef Yachts | Francis Lapp
Polish luxury catamaran builder expands abroad, adds new models to its portfolio and selects Cannes 2019 to serve up the 80-footer powerboat design which won over new owner Rafeal Nadal
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Marinevac expands in Caribbean
Marinevac, a marine vacuum system cleaning specialist based in Palma de Mallorca, has announced a new partnership with Sea Grapes International in the Caribbean.