Sector News – Page 330
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NewsVolvo confirms electric push
Volvo Penta’s Heléne Mellquist: “We will perform by improving our current portfolio, based on current customer and market needs” In line with the Volvo Group’s new ambitions, Volvo Penta has accelerated its sustainability aims. The Volvo Group recently announced its plans to be a net-zero emissions company ...
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NewsAdvice forthcoming about rule changes due to Brexit
Guidance on yacht transporting and trading from British Marine and Peters & May
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NewsSilent-Yachts teams up with Volkswagen, Cupra on new solar electric cat
Austria’s Silent-Yachts has teamed up with Volkswagen to develop a solar electric catamaran powered by Volkswagen’s modular electric drive matrix, MEB. The new vessel will be designed by Barcelona car brand Cupra (formerly the SEAT Sport).
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NewsToronto Boat Show reveals details on virtual 2021 event
Forced to cancel its traditional in-person event due to the continuing Covid-19 pandemic, organisers of the Toronto International Boat Show (TIBS) have released details of a new virtual event to be held from January 18-24, 2021.
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NewsCanary Islands opposition calls for community to accelerate €8.5m marina project
Opposition politicians want regional authorities to take over marina investment
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NewsX-Yachts launches new X5⁶ model
Danish builder X-Yachts launched the new X5⁶ for the first time yesterday, last evening, putting her afloat for the first time. The new X56 model afloat for the first time ”It was a tremendously glorious sight to see the new beauty hit the water,” stated Thomas Mielec, ...
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News2021 Helsinki Boat Show rescheduled to 2022
The 2021 Helsinki International Boat Show (Vene 21 Båt) has been rescheduled to 2022 on account of the ongoing coronavirus pandemic.
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NewsMDL Marinas to invest £60m over next decade on improvements
The investment will be spent on upgrading facilities, new marina hardware and the provision of services
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NewsGulf Craft launches "world’s largest" composite yacht
Delivery of the Majesty 175 is scheduled for March 2021 Gulf Craft, the Middle East’s largest yacht and boat builder, has launched the Majesty 175 – the world’s largest composite megayacht currently in production, the yard claims. Gulf Craft chairman Mohammed Hussein Alshaali told IBI’s Middle East ...
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NewsInvestors bidding to build new Malaga marina
Bids are reportedly coming in from specialist investors in maritime construction projects to develop the new 500-berth San Andrés marina in Huelin, Malaga, around 50km northeast of Marbella on Spain’s Costa del Sol.
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NewsMalta claims to have world’s largest superyacht register
In a press conference given by Maltese Minister for Transport, Infrastructure and Capital Projects Ian Borg, it was stated that Malta now has the largest superyacht register worldwide. There are 850 vessels over 24m (78.5ft) on the Maltese register, a 7% increase since the end of 2019.
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NewsChanges in ownership group of Fountaine-Pajot and Dufour
Compagnie du Catamaran, the controlling holding company of the Fountaine-Pajot group and Dufour Yachts, has announced a change in its shareholding. The investor Next Stage, a minority shareholder in the La Rochelle-based shipyard, is being replaced by private equity investor Arkéa Capital, which intends to work alongside members of the ...
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NewsWRF introduces superyacht sustainability database
The Water Revolution Foundation, an Amsterdam-based non-profit determined to make the global superyacht industry more sustainable, has crafted a green solutions database that will be deployed in the months ahead.
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NewsBRP posts Q3 growth in sales and profits
As with other peers in the recreational sector, BRP saw continued momentum in consumer demand and growth in new entrants through its FY2021 third quarter, ending 31 October.
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NewsItalian start-up plans Series A crowdfunding campaign for electric hydrojet
Sealence hopes to raise €7m in financing
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NewsePropulsion appoints Italian distributor
ePropulsion, the marine electronic propulsion specialist from Hong Kong, has appointed Commerciale Selva as its new distributor in Italy.
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NewsYanmar launches new Vessel Control System
Yanmar Marine International has announced a new Vessel Control System delivering ”advanced functionality, modern design, and easy installation”.
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NewsFischer Panda UK strengthens leadership team
Marine diesel generator specialist Fisher Panda UK has strengthened its leadership team with the appointment of David Payne as business development director and Chris Baker as operations and technical director, effective January 1, 2021.
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NewsFrench VAT details on rental of pleasure boats clarified
The French Directorate of Tax Legislation (DLF), part of the Ministry of the Economy and Finance, yesterday clarified key elements concerning the new VAT regulations regarding pleasure boat rentals and leasing payments. The DLF had published the new tax instructions on this area on November 6, but they were to ...
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NewsVision Marine IPO opens higher, shares soar in first day of trading
Vision Marine Technologies’ first day of trading on the US Nasdaq saw its IPO open 10% higher, at US$11.03 per share, then gaining 72% at its peak before some profit taking closed the day at US$13.69, nearly 37% first-day growth. The Quebec, Canada-based manufacturer of E-Motion electric outboard powertrains announced ...
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