Sector News – Page 383
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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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NewsNumarine introduces its smallest expedition yacht to date
The new 22XP is a response to client demand for compact explorer vessels
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NewsAustin Parker unveils new Fulvio De Simoni yacht line
The new range offers innovative and functional design solutions
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NewsStrong finish to 2019 leaves US registrations flat
A strong sales finish in Q4 saw US powerboat registrations up to close the year nearly even with 2018, according to data released by the National Marine Manufacturers Association (NMMA). Fourth-quarter 2019 sales were up 4% on a rolling three-month year-over-year basis and ended the year down 1% on a ...
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NewsSpanish refit yard joins IGY Superyacht Vessel Support Network
Astilleros de Mallorca will serve IGY customers cruising in the Mediterranean
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NewsDP World to be taken private after Nasdaq Dubai delisting
DP World, parent company of DP World Marinas, P&O Marinas, Dubai Maritime City and Al Jaddaf, is to be taken private after delisting from the Nasdaq Dubai stock exchange. This is effectively a deal within the Dubai state-owned corporate holdings as Port & Free Zone World, the parent of DP ...
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NewsThe future is here: Nautique charges forward with award-winning, all-electric tow sport boat
The Nautique GS22E The first all-electric boat capable of delivering a “normal watersports use experience” was introduced to the Miami International Boat Show (MIBS) last week by Nautique Boats, and not surprisingly, was named a National Marine Manufacturers Association (NMMA) Innovation Award winner for Electrical Propulsion. The ...
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NewsJonathan Timianko | PierShare
Market Disrupter: US start-up PierShare is bringing the Airbnb concept to boat docks. An empty dock at the end of his parent’s new Floridian home got city worker Jonathan Timianko thinking there had to be a smart way of making the asset pay for dock owner and boater alike…
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NewsTaiga Motors appoints global superyacht dealer
Taiga Motors, the Canadian snowmobile manufacturer that recently entered the electric watercraft market when it launched its Orca PWC in September last year, has chosen Superyacht Tenders and Toys (SYTT) in the UK to serve as its global dealer.
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NewsFischer Panda UK hosts first partner training event
Around 25 representatives attended a recent session in Verwood
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NewsInvincible launches new cat, branding campaign as it enters international waters
With the Miami International Boat Show (MIBS) right in its backyard, Invincible Boats – maker of monohull and catamaran open fisherman-style offshore boats since 2006 – announced a new model and a new branding campaign as the company begins international operations as part of an aggressive growth campaign.
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NewsTorqeedo links with ZF to develop next-generation sailing yacht systems
Torqeedo recently announced a number of new partnerships including one with ZF which is set to take electric yachting to a new level. This new relationship plans to deliver next-generation sailing yacht systems: powerful, silent, steerable electric sail-drives and clean energy independence for yachts. It is anticipated that new products ...
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NewsUkrainian government backs building of largest marina in the country
Ukranian President Vladimir Zelensky has supported the implementation of one of the most ambitious projects in the history of Ukraine’s leisure marine sector – the building of a new yachting complex and marina in Yuzhne, a port city on the Ukranian Black Sea coast.
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NewsMarquis Yachts in for the long haul; sale imminent
CEO Rob Parmentier: A deal could come as early as this week or next
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NewsCase against Tectrax struck out in High Court
Sealegs International and its parent, Future Mobility Systems, have withdrawn their High Court claim against fellow New Zealand-based company Tectrax for alleged infringement of copyright in the unique arrangement of features in the Sealegs amphibious system.
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NewsGrand Banks reports 10-year high for order book
Singapore-based boat builder of the Grand Banks and Palm BeachMotor Yacht brands posted a strong first half with a 66% increase in net profit to S$2.0 million (US$1.5m) and a net order book worth S$64 million (US$46m); the company’s Palm Beach GT60 (above) makes its debut at the Miami show ...
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NewsRiviera signs on record number of apprentices for 2020
Boatbuilder welcomes 80 budding boatbuilders to its annual training program
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NewsIn difficult times, Belgian boating sector shows its can-do
The annual Belgian Boat Show in Ghent is roaring back There are no more boatbuilders in Belgium. Belgian boaters are greying, hurting sales and marinas. But the Belgian sector is making good tracks in undoing the damage of changing market conditions. The annual Belgian Boat Show in ...
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