Sector News – Page 401
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NewsFerretti announces jump in orders in midst of IPO
Ferretti Group reports new orders totalling more than €465 million for the first nine months of 2019, a gain of 18% over last year
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NewsPrincess appoints exclusive NZ distributor
Christchurch-based boat dealership Sports Marine Ltd has secured exclusive distribution of Princess Yachts for the first time into the New Zealand market.
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NewsMETSTRADE to host MaterialDistrict Pop-up ‘Circular Beauties’
The Material District Pop-up at this year’s METSTRADE Show in Amsterdam will have the theme of ‘Circular Beauties’. The exhibition is entirely dedicated to materials that are biobased and/or recycled, avoiding the use of non-renewable material sources.
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NewsFirst Queensland marina awarded Platinum accreditation
Australia’s Coral Sea Marina Resort, formerly known as Abell Point Marina, is Queensland’s first facility to achieve Platinum accreditation. This accreditation, the highest possible, is awarded under the global Gold Anchors Award scheme managed by the Marina Industries Association (MIA), based in Australia, and TYHA (The Yacht Harbour Association) in ...
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NewsWelsh marina group secures funding
The Cardiff, Wales-headquartered marina and boating services group, Marine & Property Group (MPG), has secured funding of £10.4m from the innovative financial services business, ThinCats. The new funding will be used to consolidate some existing loans and support further expansion including acquisitions and enhanced diversification in current activities such as ...
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Port of San Diego drafts illegal charter ordinance
Many major US cities are seeing an increase in illegal charter operations, and the Port of San Diego, California, is releasing a long-awaited draft ordinance that would give the port district oversight of charter vessel operations.
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NewsChina battles trade war with large contingent at IBEX
Despite the ongoing trade war between the US and China, a large pavilion of 22 Chinese exhibitors from rope makers to hardware and outboard engine manufacturers were on hand for the International Boatbuilders’ Exhibition (IBEX) in Tampa, Florida this week.
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NewsBaglietto CEO joins SYBAss board
Michele Gavino, CEO of Italian superyacht builder Baglietto, was elected to the board of the Superyacht Builders Association (SYBAss) during its annual general assembly last month. The event was held at the Yacht Club de Monaco on the eve of the Monaco Yacht Show.
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NewsSafe Harbor Marinas acquires Newport Shipyard
Newport Shipyard in Newport, Rhode Island, has been purchased by Safe Harbor Marinas, becoming the 85th property for the Dallas, Texas-based owner operator, which has facilities in 19 states.
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NewsNew dates, location for Viareggio show
The organisers of the Versilia Yachting Rendez-vous have announced that next year’s edition will be held from May 28-31, taking up a more strategic position on the calendar of nautical-related events.
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NewsWatski AB forms new wholesale unit
Watski AB, a Swedish company owned by Denmark’s Fritz Schur Group and one of the leading distributors of boating equipment in the country, has split the business and formed a new wholesaler called Nautec. Watski is active on the Scandinavian and German markets.
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NewsPorto Montenegro to invest €500m on future development
Porto Montenegro, the Mediterranean’s leading luxury yacht homeport and marina village, is to invest over €500m in further development and new projects on site over the next 10 years. The news was unveiled at a private event at the Monaco Yacht Show last month.
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NewsIBEX Innovation Awards recognise new product ingenuity
Fifteen companies were recognised for new product innovation by the National Marine Manufacturers Association (NMMA) on the opening day of the International BoatBuilders’ Exhibition and Conference (IBEX).
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New Swedish marina to open next year
A new marina is set to open in Skärhamn, on Sweden’s Baltic coast, prior to next year’s boating season.
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Whale grows Northern European presence
Whale, the UK-based pumps specialist, has chosen Lankhorst Taselaar to serve as its exclusive distributor or Whale Marine products in the Netherlands, Belgium and Germany, effective November 1.
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News2019 Genoa show attracts strong crowd
The 2019 Genoa International Boat Show ended its six-day run on September 24 with 188,404 visitors having passed through the gates – up 8% over the 2018 edition. Peak numbers were reached on the Saturday, with 43,000 people in one day alone.
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Norwegian engine distributors merge
Two Norwegian engine distributors, AS Kellox and Loxkel AS, are to merge on January 1, 2020 and form one company under the name Kellox.
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NewsGulf Craft adds new 37m Majesty 120 to its superyacht range
Middle East yacht-builder Gulf Craft announced at the 2019 Monaco Yacht Show that a new 37m (121ft) tri-deck Majesty 120 has been added to its superyacht range. The new model was launched by Mohammed Hussein Alshaali, Culf Craft’s executive chairman.
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Balk hires COO, ups new-build and bare hull business; triples capacity
Determined to widen its business base, refit specialist Balk Shipyard of the Netherlands is developing spiffy 50m yacht projects, ramping up bare-hull building and tripling construction capacity.
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US powerboat registrations down in July
New powerboat registrations in the US dropped under half a percent through July on a rolling 12-month year-over-year basis and down 2.4% on a rolling three-month year-over-year basis, according to preliminary data from the National Marine Manufacturers Association (NMMA).
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