All Middle East articles – Page 49
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AkzoNobel: Covid-19 squeezed Q2 earnings, but profitability up
Covid-19 drove down Q2 earnings at AkzoNobel, but the Dutch paints and coating multinational said “a strong focus” on margins and cost savings raised profitability by 14%, up from 13.7% in the same 2019 period. Releasing AkzoNobel’s Q2 results, CEO Thierry Vanlancker said: “Despite lower end market demand, our business ...
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Abu Dhabi International Boat Show cancelled for 2020
It has now been confirmed to IBI that the next edition of the Abu Dhabi International Boat Show (ADIBS) will not be held until October 13-16, 2021. The third edition of ADIBS had been scheduled to take place from October 14-17, 2020.
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Döğuş Group sells three Turkish marinas to CVC Capital
Deal completes sale of D-Marin facilities
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AB Inflatables expands dealer network in Europe, Canada and the Caribbean
AB Inflatables, the Colombian yacht tender and RIB producer, has expanded its presence in Europe with the appointment of two new dealers in Croatia and Turkey.
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Atlantic Cruising Yachts enters into expansion partnership
Prominent US yacht dealership Atlantic Cruising Yachts (ACY) announced this week that it has entered into a new partnership venture to expand its footprint into the affluent Gulf Coast market.
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Dubai marina awarded international environmental accreditation
Australia’s Marina Industries Association (MIA) has accredited Dubai Marina Yacht Club with two new standards that emphasise its environmental status. The two awards are the International Clean Marina standard and its Fish Friendly accreditation, the first marina in the UAE to gain this award.
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AkzoNobel reports “robust profitability” in Q2 despite Covid-19
In a rare preview of its Q2 financial reporting, AkzoNobel NV said it had lower revenues and adjusted income in April through June compared to the same 2019 period, but “robust profitability” despite the debilitating Covid-19 crisis.
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2020 DAME Design Awards open for entries
METSTRADE and RAI Amsterdam have announced the opening of entries for the 30th DAME Design Award, exclusively for the exhibitors attending this year’s METSTRADE Show in November.
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Accastillage Diffusion opens new store in Spain, its 126th store in Europe
This week Accastillage Diffusion opened its doors to a new shop in the Aguadulce marina on the Spanish Mediterranean coast in Almería. The store will be the first in Almería but the 31st in Spain.
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2019 Dutch superyacht output: fewer but more valuable, greener vessels
Amels’ 83m Here Comes the Sun The Dutch superyacht sector delivered 17 yachts last year, worth just over €1bn, the Netherlands Maritime Technology (NMT) trade group says in its 2019 annual report. While this is a drop in numbers, NMT says the value of yachts on order ...
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Annick Girardin appointed head of Ministre de la Mer
L-R: FIN president Yves-Lyon Caen, French Minister of the Sea Annick Girardin and Jean-Paul Chapeleau, Deputy CEO of Groupe Beneteau France’s new prime minister, Jean Castex, announced a Cabinet reshuffle on Monday which included a new Minister of the Sea. A native of Saint-Malo, Annick Girardin started ...
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2020 Southampton International Boat Show postponed until 2021
Alternative, smaller event possible
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Alia Yachts launches La Paloma, joins hull and superstructure of Al Waab II
Turkish shipyard continues to operate in full production as the industry enters its post-Covid recovery phase
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Antonini Navi presents UP40-Crossover
Antonini Navi, the new Italian yacht brand that formed earlier this year, has presented the UP40-Crossover – its first yacht designed in collaboration with Fulvio de Simoni. Construction will begin in September.
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Obituary: Gino Pardo
Gino Matteo Pardo, founder of the Gino Group, one of Turkey’s oldest yacht brokerage, refit and management firms, has passed away at the age of 84.
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Cyprus on track to significantly increase marina capacity over next few years
Four projects at different stages of development
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Scanner Marine appoints Turkish distributor
Italian RIB manufacturer Scanner Marine has chosen Kando Denizcilik to serve as its official distributor in Turkey.
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Bering Yachts sells new 45m flagship
With the sale of a 45m (148ft) Bering 145, US-headquartered Bering Yachts is breaking new ground with its largest superyacht built to date. The full-custom project is already in build at Bering’s modern shipyard in Antalya, Turkey and is scheduled for completion in 2022. The new yacht will have a ...
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Argentinean boating industry partially reopens; Buenos Aires show postponed
The Argentinean boating industry, a sector that normally employs around 11,000 people, has partially returned to work in accordance with government health and safety guidelines.