Sector News – Page 415
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NewsNew owners for Marathon Boat Group
US boatbuilder Marathon Boat Group (MBG) has been acquired by Chicago-based private equity firm Altair Investments Inc. Terms of the transaction were not disclosed.
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NewsD-Marin to manage Dubai marinas
D-Marin, one of the biggest marina chains in the Eastern Med, has taken over the management of three marinas – Al Seef, Marasi and Jaddaf Waterfront in Dubai
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NewsTariffs take toll on US firms
How two very different boating companies are impacted in different ways by the Trump administration’s tariff on Chinese goods
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Bahamas targets US$50m in yacht charter fees
The Bahamian government is focused on improving revenue and is targeting what one official calls the “low hanging fruit” of existing, uncollected revenue sources such as the island nation’s 4% yacht charter fee.
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NewsBeneteau First Yacht 53 to launch at Cannes
After two years of development, the eagerly awaited First Yacht 53 from Beneteau will be shown for the first time at the autumn boat shows in Europe (Cannes, Genoa, Barcelona), and Annapolis in the US.
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NewsUS boat trailer manufacturer expands production
Magic Tilt, a US builder of marine trailers, has expanded its production facility in Clearwater, Florida by adding an additional six-bay, 8,000sq ft building for trailer service, set-up and stacking purposes.
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NewsDutch marine wholesaler reports strong Q1
Allpa Marine Equipment, a Dutch wholesaler with branches in the Netherlands and Germany, has reported an 8% jump in turnover in the first quarter of 2019, with sales benefitting from “nice weather” during the start of the year.
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NewsNew Maltese distributor for Blue Guard
Blue Guard Innovations (BGI) in the US has chosen Camilleri Marine to distribute the company’s products in Malta.
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NewsNautor’s Swan opens new Boatbuilding Technology Center
Nautor’s Swan has opened the doors to its new Boatbuilding Technology Center (BTC) in Pietarsaari, Finland – a major expansion project that started in 2017 with a €10.5m investment on refurbishing its existing building and the implementation of new production facilities totalling 9,935sq m.
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NewsGreece implements new yacht cruising tax
The Greek government has implemented its new cruising tax, also called the TEPAI, which was initially set to be introduced in early April. The news was issued by the UK-based Cruising Association (CA), many of whose members will likely be visiting Greek waters later this year.
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NewsAB Inflatables appoints Caribbean distributor
AB Inflatables has signed an agreement with Outdoor World to distribute its entire RIB portfolio in St Marteen, Antigua, as well as St Lucia and Dominica.nd Dominica.
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NewsQueensland promoted as Australia’s main SY state
On the first day of ASMEX, the Australian Superyacht, Marine Export & Commercial Marine Industry Conference, a clear message was presented to the 150-plus delegates from a dozen countries that Queensland is Australia’s superyacht state.
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MYBA Charter Show breaks new records
The 31st MYBA Charter Show, held earlier this month at Marina Port Vell in Barcelona, appears to have been one of the most successful in the event’s history – if not the most successful. A number of records are reported to have been achieved.
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NewsScape Yachts brings new ‘Sport’ catamaran to market
South African builder Scape Yachts has developed a modified ‘sport’ version of its Scape 39 catamaran, which is nearing completion at its Cape Town yard.
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NewsVitters, Royal Huisman stay the course in a tough market
In the tough and tiny niche of super sailing yachts, Vitters Shipyard and Royal Huisman hold their own, serving younger clients new products and services that are sometimes out of their comfort zones.
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NewsSunseeker 161 Yacht to launch in 2021
The first hull in the Sunseeker 161 Yacht series, built in collaboration with ICON Yachts of the Netherlands, is taking shape and due for launch in 2021. Built at ICON’s Harlingen shipyard, the new flagship vessel will be Sunseeker’s first aluminium-hulled yacht in the all-important 50m sector.
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NewsFeadship opens fourth yard in Port of Amsterdam
Dutch superyacht-builder Feadship has officially opened its fourth yard, a vast and eco-friendly complex in the Port of Amsterdam. The inauguration by Queen Maxima of the Netherlands coincided with the 170th anniversary of Royal van Lent Shipyard, a constituent member of the Feadship alliance.
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NewsQueensland gears up for welcoming larger superyachts
Major investments and events highlight state’s leading role
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Deloitte Boating Market Monitor highlights continued growth in global boating market
The annual Boating Market Monitor, prepared annually by Deloitte for Nautica Italiana, shows that the global market continued to rise in 2018 and reached a value of €22bn, with the Italian industry accounting for 2%. The findings were presented last week at the Versilia Rendez-Vous in Viareggio, Italy.
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NewsNew Italian refit yard nears completion
A new refit yard, Cantiere Rossini, located at Pesaro on Italy’s Adriatic coast, is nearing completion after three years’ work and a total investment of €25m.
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