Sector News – Page 331
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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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NewsProduction move impacts OXE Marine results; BMW to co-brand OXE300
OXE saw a busy third quarter with a 77% jump in its order book, further development plans with BMW and Evoy, preparations for production in the US and Poland, and first sales to China via partner Parsun Power
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NewsE-Motion outboards to go public, Vision to price placing
Vision Marine Technologies, the Canadian firm behind the E-Motion electric outboard, has announced an initial public offering of 2.4 million common shares at US$10 per share to raise US$24m before offering expenses. The new stock will be offered on the Nasdaq under the ticker symbol ‘VMAR’ with trading beginning today ...
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NewsNew UK marina, several upgrade projects in progress
Newark Marina’s James Wilkinson (R) with Jon Challis of Inland and Coastal The UK’s extensive inland boating sector, including areas such as the Lake District and its 2,000-mile canal network, play host to many marinas and marine leisure facilities. Recently one new marina on the Grand Union ...
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NewsManagement changes at Zipwake
CEO Lorentz Simonson and area sales manager Göran Fredin are retiring
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NewsNanni in supply deal with Integrity Boats
French engine manufacturer Nanni has announced that its N6.285CR2 engine has been chosen by Integrity Boats to power its latest model, the Classic 440 Sedan.
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News2021 Gothenburg Boat Show cancelled
The organisers of the Gothenburg International Boat Show, typically the first of the Nordic boat shows, have cancelled next year’s event. After 61 consecutive years, the show that would have been held in early February will not take place due to the coronavirus pandemic.
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NewsControversial Malaysian marina project scrapped by state government
Construction at the site was halted in March due to Covid-19 A controversial RM43bn (US$14bn) port project including a yacht marina and cruise terminal promoted as being the largest in the region has been stopped by the state Government of Melaka (English name Malacca). Recent press reports ...
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NewsSunseeker to launch a record five new models
The five premieres will be unveiled in January 2021
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NewsPortuguese ‘self-sustainable boat’ builder looks to go international with new model
Covid may have put plans on hold this summer, but Sun Concept is now ready to go global with its latest launch, a 12m cat
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NewsSparcraft SA confirms new manager and co-owner
Mast manufacturer Sparcraft Masts SA has announced a new managing director and co-owner ahead of the retirement of long-time manager Michael Mitchell – better known as ‘Tich’. Chris James, who has worked with the company for the past 15 years in Durban, will take over full-time from January next year, ...
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NewsChange at the head of Latitude 46 and Wauquiez
The recent retirement of industry veteran Christian Iscovici, head of Latitude 46 and Wauquiez since 2007, has led to a review of the company structure by main shareholder, Experton-Revollier Group.
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NewsSpanish region implements measures to support local marinas, accelerate licencing procedures
Regional authorities to facilitate marina licencing processes
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NewsCyclops Marine expands Down Under
Cyclops Marine, the UK-based developer of load sensors for sailors, has appointed Any Port Marine as its new distributor for Australia.
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NewsHodgdon to offer all-electric superyacht tenders
The 10.5m and 12m tenders are part of the Venetian line US boatbuilder Hodgdon is now offering what it claims will be the world’s first superyacht tenders powered entirely by electric power. The electric versions will be based on the company’s Venetian designs which are based on ...
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NewsSanlorenzo introduces new SD118; four units already sold
Italian superyacht-builder Sanlorenzo has expanded its line of semi-displacement models with the launch of the SD118, a 35.8m yacht with wide-body hull. Four units have already been sold, says the company.
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NewsPhuket attempts to attract superyachts to Thailand despite Covid-19
A new initiative has been launched by Thailand’s island province of Phuket to secure agreement to allow yachts, superyachts and tourism cruise vessels to visit in an attempt to help the local tourism industry, including the very significant element of marine tourism, to recover.
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NewsTracker to double production capacity, add 300 jobs
Tracker Boats in the US is doubling production capacity at its Bolivar, Missouri facility and adding 300 jobs there and at its nearby Lebanon, Missouri facility. Owned by White River Marine Group, a subsidiary of Bass Pro Shops, a company statement indicates founder Johnny Morris is investing US$3m in converting ...
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