Latest News – Page 698
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SA boatbuilders concerned about possible impact of Trump tweet
A tweet by US President Donald Trump decrying planned ‘land seizures’ by the South African government has prompted fears of changes to the trade deal that allows SA boatbuilders preferential access to the massive US boat market.
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IBI office closed on Monday
IBI will be closed on Monday, August 27, for the UK Bank Holiday weekend. Normal newsletter service will resume on Tuesday, August 28.
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Walcon Marine wins UK pontoon contract
Walcon Marine, the UK-based marina builder, has won the tender for the supply of walkways, finger pontoons and a bridge as part of Premier Marinas’ regeneration of Swanwick Marina on the River Hamble on Britain’s south coast.
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V.Ships launches Project Embark
V.Group, a global marine and offshore vessel management and support services provider, has launched a new initiative called Project Embark which it states will transform all areas of crewing. The fleet of 1,100 vessels that V. Group manages includes several superyachts and until recently it held a 17% stake in ...
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Polish builder invests heavily in yard upgrade
Polish motoryacht specialist Galeon is hoping that its investment in production will bolster the company’s plans to expand to new markets and launch new craft with innovative technology.
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Beneteau to have huge Cannes presence
Beneteau is to summon a fleet of 20 models to this year’s Cannes Yachting Festival, including three yachts that will be having their global or European debuts.
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NZ issues America’s Cup guide for visiting yachts
A guide for yachts planning to visit New Zealand for the America’s Cup events program in late 2020 and 2021 has been issued by the NZ Marine Boatbuilding Refit Group and the NZ Marine Export Group. The new guide includes never-before-released information around the 2020-21 Grand Regattas.
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Sunseeker Asia reports strong sales
Despite the general downturn in the Chinese yachting sector, the overall Asian market has remained steady, claims Gordon Hui, chairman of Hong Kong-based Sunseeker Asia.
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Bavaria to build 24 boats without new owner
In mid-April, the news hit the boating industry like a rock: Bavaria Yachtbau, until then the largest shipyard for sailing and motor yachts in Germany, was bankrupt. CEO Frank Henkel had to go, media reports about debts in the three-digit million euro range and the wrong strategy towards luxury yachts. ...
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Evinrude wins Red Dot design award
Evinrude has won a 2018 Red Dot Award for Product Design for its E-TEC G2 150-200hp outboard engine.
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Blue Guard appoints new director of global sales
Blue Guard Innovations (BGI), a US-based marine sensor manufacturer, has appointed Alan Brown as its new director of global sales.
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New Jersey launches US$100m waterfront development
The borough of Carteret, New Jersey, has begun construction on a US$100 million waterfront development fully funded by public grants and settlement money from various chemical company clean-up lawsuits.
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Allpa and Johnson Pump celebrate 30-year partnership
Allpa Marine Equipment, a Dutch wholesaler with branches in the Netherlands and Germany, is celebrating its 30-year working partnership with SPX Flow (formerly Johnson Pump), having served as one of its key distributors for the last three decades.
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Sunseeker CEO steps down
Phil Popham, CEO of Sunseeker International, is to step down from his position at the end of September. The UK boatbuilder confirmed the news today.
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Parker Boats in expansion mode
Speaking to IBI at the recent Wind and Water Boat Show in Poland, Parker Boats MD Phillip Scott and his fellow director and son Chris Scott were enthusiastic about export growth and the progress made on the local Polish market.
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World Sailing and Yacht Racing Forum extend partnership to 2020
World Sailing, the sport’s governing body, and the Yacht Racing Forum have confirmed that they are extending their current working partnership until 2020. The two organisations have been linked in a partnership since 2008.
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Malibu acquires Pursuit Boats
Malibu Boats in the US has entered into a definitive agreement with S2 Yachts Inc to buy the assets of Pursuit Boats for a total consideration of US$100m. The transaction, says Malibu, will be funded with cash on hand and a borrowing under an incremental revolving credit facility to be ...
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Replica classic boat builder to launch own speedboat design
South African classic boat builder GAW Marine this week confirmed plans to produce its own unique speedboat model for the export market.
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Auckland On Water Boat Show to relocate
After 20 years, the Auckland On Water Boat Show will return to The Viaduct Basin and Te Wero Island in 2019, the NZ Marine Industry Association announced today.
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Cimco Marine expands diesel outboard range
Sweden’s Cimco Marine is to expand its existing portfolio of marine diesel outboards with two engines in a lower hp range – the OXE 125 and OXE 175.