Sector News – Page 382
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NewsQatar show to double in size, say organisers
This year’s event will have 12,000sq m of exhibitor space
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NewsBrazilian boat market forecast to grow by 20% in 2020
The Brazilian leisure marine market has undergone major changes over the last 10 years, says Eduardo Colunna, president of Brazilian boatbuilders’ association ACOBAR. He cites a significant increase in the length of boats on offer, improvements in quality, and a reduction in the number of shipyards in operation.
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NewsStabicraft founder steps aside as CEO
Iconic Kiwi boat manufacturer Stabicraft is on the hunt for a new chief executive with its founder Paul Adams stepping aside, providing a pathway for a new leader after 33 years at the helm.
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NewsFuture of renewable fuels in boating?
Volvo Penta continues to expand its testing of HVO fuel which can reduce fossil CO2 emissions by up to 90%
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NewsCoronavirus tests stability of global supply chains
With large parts of China still subject to lockdowns and travel restrictions, manufacturers face continuing uncertainty over delivery schedules for parts and components As China struggles to contain the COVID-19 coronavirus outbreak that has infected more than 73,000 people worldwide and killed nearly 2,000, marine equipment manufacturers ...
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NewsDean & Reddyhoff rebranded Boatfolk Marinas Group
Following the takeover last year of Quay Marinas (QM) by the Dean & Reddyhoff Group (D&R), the combined entity is to be rebranded Boatfolk Marinas Group Ltd. IBI understands that the rebranding is to be officially announced on April 1, 2020, according to a spokesperson for D&R.
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NewsFastmount appoints Chilean distributor
New Zealand-based panel mount manufacturer Fastmount has extended its reach in South America with the appointment of a new distributor in Chile.
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News1st Olympic Yacht Show to be held in Greece
A new Greek yacht show is set to take place later this year, courtesy of Ondeck Events and Olympic Marine SA.
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NewsGarmin earnings sends shares to 12-year high
The electronics maker’s stock price surged yesterday on the company’s report of Q4 and 2019 results which beat Wall Street’s expectations. Revenues for the fourth quarter totalled $1.1 billion, including a 22% rise in marine sales.
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NewsLarnaca Marina gets go-ahead after prolonged negotiations
A Cypriot-Israeli consortium, Kition Ocean Holdings, has gained approval from the Cyprus government which, after prolonged negotiations over some two years, managed to reach an agreement over the redevelopment of Larnaca port and marina. A total of €1.2bn is planned to be invested in upgrades, making it the largest infrastructure ...
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NewsFirst glimpse of Feadship’s Project 705 as yacht emerges from construction hall
Viewers were given an early glimpse of Feadship’s new 72.85m yacht today as it emerged from the yard’s construction hall in Aalmseer in the Netherlands.
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NewsHistoric Italian brand re-enters yacht market
Iconic Italian boatbuilder Falcon Yachts has re-entered the market following its recent acquisition by T-Quest Holdings of the Middle East.
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NewsFishing niche lets engine builders net new markets
Engine makers are repurposing purpose-built products for smaller market segments
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NewsCRN M/Y 137 achieves IMO Tier III certification
CRN, a Ferretti Group brand, has become the first shipyard in Italy to receive IMO Tier III certification for its CRN M/Y 137, a 62m fully custom steel and aluminium megayacht that is soon to be de
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NewsTokyo boat show cancelled
Six South East Asian boat shows have been now cancelled or postponed due to the coronavirus
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NewsDubai show to go ahead next month as planned
The 28th Dubai International Boat Show (DIBS) is to go ahead next month as planned at the new Dubai Harbour Marina. The show’s organisers announced today that it will take place from March 10-14.
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NewsDutch superyacht builder opens newly expanded interiors facility
Heesen Yachts says demand for more sophisticated interiors requires more space and equipment
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NewsEU revises financial status of key yachting markets
In financial deliberations of the past few days, the EU has revised the status of two key yachting countries in terms of financial listings. The two states involved are the Cayman Islands and the Marshall Islands, both of which are leading flag registration countries for superyachts. In respect of the ...
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NewsAlbin Pump Marine expands distribution network
Albin Pump Marine, the Swedish pump manufacturer, has appointed Lankhorst Taselaar as its new distributor for the Benelux and Germany. The agreement was signed at the recent Düsseldorf Boat Show.
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NewsEU warns Malta over incorrect VAT on yacht leases
The European Commission has sent an additional letter of formal notice to Malta whose authorities it accuses of not levying the correct amount of the value-added tax (VAT) on the lease of yachts. Brussels claims that Valetta failed to properly modify its tax system in response to earlier requests by ...
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