Sector News – Page 384
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NewsIsraeli berthing system provider links with TransEurope Marinas
Pick a Pier to provide technological solutions to facilitate TransEurope’s sizeable membership service
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NewsM/Y Luna free to leave Dubai?
The UAE-based English language newspaper Gulf News has reported that the $450m megayacht Luna, part of London’s largest divorce case, may finally be allowed to set sail from a Dubai port. The Gulf News article states: “The 115m (380ft) M/Y Luna has been holed up in Dubai while lawyers for ...
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NewsSeakeeper launches smallest stabiliser yet
Seakeeper made waves on the opening day of the Miami International Boat Show (MIBS) yesterday with the launch of its all-new Seakeeper 1 gyro stabiliser aimed at boats from 20ft-30ft.
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NewsScenic Group launches new superyacht cruise venture
Scenic Group, the Australian cruise ship group, is expanding its portfolio of activities with the new Emerald Yacht Cruises venture. Set up as a division of Scenic’s Emerald River Cruises arm, the new venture will start operations next year with the 110m (360ft), 100 guest-vessel, Emerald Azzurra, currently in build ...
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NewsSanlorenzo’s 2019 preliminary results show 39% growth in revenues
Following its IPO in December, Italian yachtbuilder Sanlorenzo posts strong gains in sales and profitability with EBITDA up 73.4% to €66m
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NewsChinese companies struggle to meet commitments
Many marine companies in China are still unable to recommence production after the extended three-week New Year shut down.
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NewsBorrow A Boat pursues third crowdfunding round
The UK-based Borrow A Boat company, which aims to be the Airbnb of the boating world, is currently undertaking a third round of crowdfunding to raise a target of £1.5m. Requests to invest led to this round, rather than doing a private shareholder fundraising round with support of venture capital ...
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News1st Australia Thailand Rendezvous a success
The inaugural Australia Thailand Rendezvous, sponsored by Benetti Yachts, took place at Phuket Yacht Haven Marina in Thailand last week. Organised by Superyacht Australia, the event attracted 14 vessels with captains and crew and provided an update on what is happening in the Australian superyacht industry along with the benefits ...
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NewsMercury Marine’s technology, product mix unveiled in Miami
Attending his first Miami International Boat Show (MIBS) as Mercury Marine president is “a little bit intimidating,” admits Chris Drees, who took the helm at the company following two years of more than 150 engine model introductions, but he doesn’t feel any pressure.
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NewsMarine sales outpace consolidated results at Yamaha Motor
Japan’s Yamaha Motor reported a dip in 2019 sales, offset by 2% growth in the company’s Marine business which accounts for 21% of annual revenues
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NewsNorwegian builder invests in Lithuanian facilities
Marex is expanding its foreign presence amid rising sales
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NewsVolvo Penta begins production of Seven Marine outboards in Tennessee
Volvo Penta has announced the start of production and assembly of Seven Marine outboards at its facility in Lexington, Tennessee. As of January 2020, the entire line-up of Seven Marine engines has been incorporated into the Volvo Penta production process.
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NewsNew York State considers ‘wealth tax’
Face with budget shortfalls and looking to fund an ambitious new program, Democratic lawmakers in New York state are gaining support for tax proposals aimed at its wealthiest residents, which include a rollback of sales tax exemptions on megayachts and private airplanes.
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NewsLippert discusses 2019 results & 2020 outlook
Recent acquisitions in the marine sector are expected to be among the company’s strong performers in 2020
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NewsGlobal tender for new Mumbai marina to launch this month
The Mumbai Port Trust (MPT) will shortly announce a global tender for the construction of a new 300-berth marina proposed for Princes Dock in the port of Mumbai. According to a report in the Free Press Journal, the value of the project is estimated at Rs 360 crore (US$50m).
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NewsHISWA Orange Yachting Group weighs new trade, marketing strategy
Having lost its superyacht unit, the former HISWA boating trade group in the Netherlands has merged with the RECRON leisure sector lobby. The HISWA-RECRON merger responds to new vacationing patterns and will raise export and trade promotion of Dutch builders of yachts to 50m (164ft) and their supply chain.
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NewsBusy start to 2020 for McConaghy in both China and Australia
McConaghy, the specialist raceboat and multihull yacht builder, has had a busy start to 2020 at both its yards in China and Australia.
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NewsScout to unveil multiple new models at Miami show
Fibreglass boat builder Scout Boats will unveil a number of new outboard-powered day boat models at the Miami Boat Show this week which reflect unique design elements achieved through its vertical integration strategy.
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