All articles by Subscriber-only – Page 235
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NewsItalian PE firm buys majority share in Cantiere del Pardo
Wise Equity acquires 60% stake in the Italian yacht-builder
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NewsDerecktor Shipyards’ Fort Pierce project advances with ground-breaking ceremony
Breaking ground at Derecktor Fort Pierce The multimillion-dollar investment being made by Derecktor Shipyards to transform the 100-year-old port of Fort Pierce in Florida into a state-of-the-art superyacht refit and repair yard has recently moved forward with a ground-breaking ceremony. After a lengthy permitting and review process, ...
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NewsOneWater to acquire Tom George Yacht Group
US-based OneWater Marine and the Tom George Yacht Group (TGYG) should close on a deal before the end of the year for the former to acquire the latter. The acquisition will expand OneWater’s presence on the Florida Gulf coast along with yacht brokerage service and the number of boat brands ...
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NewsPhuket accepting superyachts subject to quarantine rules
Foreign-flagged yachts can still visit Thailand if they can meet or undergo quarantine rules after arrival
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NewsNEEL Trimarans sets up dedicated trimaran charter firm
Trimaran Yacht Charter is a wholly owned subsidiary of the French firm
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NewsCyber security top of the agenda for superyacht market
The increase in cyber security attacks – not only over past years but especially through the Covid-19 pandemic – means that protection against this threat is now ’top of the agenda’ for the operators and managers of superyachts. London, UK-headquartered Lloyd’s Register (LR), one of the world’s largest classification societies ...
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NewsSuzuki’s Thai factory produces one-millionth outboard
The plant manufactures 12 models of four-stroke outboards from 2.5hp-30hp
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NewsThailand to remain closed to general tourism until at least the second quarter of 2021
It will be March 2021 at the earliest until there is any semblance of general tourism to Thailand, according to the Thai Minster for Sports and Tourism, Pipat Ratchakitprakan. The minister’s outlook wipes out any hope of any tourism resurgence for the 2020/2021 high season. The Thai Hotel Association and ...
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VideoFuture outlook for the industry – what can we can expect from 2021?
Top industry personnel join Ed Slack in discussing what 2021 could hold for the boat business
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NewsYARE virtual meeting predicts positive Covid-19 outcome for superyacht market
Vincenzo Poerio, YARE president and CEO of Tankoa Yachts While the annual YARE (Yacht Refit and Aftersales Experience) event was forced to go virtual for its 10th edition this year, the clear message was a strongly positive one. In his opening comments, Vincenzo Poerio, YARE president and ...
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NewsCanadian government proposes licensing changes for boats, boaters
Transport Canada soliciting industry comment on proposed licensing amendments and fees for both pleasure boats and pleasure boaters
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NewsKorean Air to sell yacht marina for US$117m
A Korean investment group has signed a memorandum of understanding to acquire Wangsan Leisure Development, operator of Wangsan Marina, from Korean Air Lines for approximately US$117m. Consus Asset Management and Mirae Asset Daewoo announced the memorandum on Monday, as Korea Air Lines moves to divest assets as part of its ...
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VideoIBI speaks with management team at Fairline Yachts
IBI Editor Ed Slack speaks with Fairline Yachts; Peter McNulty, Chief Operating Officer, and Jason Carley, Chairman in the UK about the boating market, the builder’s strategy during the pandemic and upcoming plans.
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NewsPatrick Industries adds Taco Metals to the fold
US-based component manufacturer Patrick Industries announced it has completed the acquisition of US-based Taco Metals, the second acquisition in two weeks and sixth this year
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NewsPoland invests in new marinas
The municipality of Puck in northwest Poland has secured around PLN 7.4m (US$2m) from the regional authorities to co-finance its PLN 31m (US$8.2m) project to build a new marina on the shores of the Baltic Sea. The facility will increase Puck’s berthing capacity by some 100 craft, with construction work ...
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NewsHill Robinson Group expands with rebranding and management appointments
Moravia Yachting relaunched to offer retail charter and brokerage services
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NewsVolvo confirms electric push
Volvo Penta’s Heléne Mellquist: “We will perform by improving our current portfolio, based on current customer and market needs” In line with the Volvo Group’s new ambitions, Volvo Penta has accelerated its sustainability aims. The Volvo Group recently announced its plans to be a net-zero emissions company ...
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NewsAdvice forthcoming about rule changes due to Brexit
Guidance on yacht transporting and trading from British Marine and Peters & May
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NewsThe Boat of the Future - with IBI news at the Balearic Yacht Show 2020
How will connectivity and the need for greater functionality onboard impact the future of production boats? Garmin’s Jarrod Seymour, Axopar’s Jan-Erik Viitala and designer Tony Castro share their views with IBI’s Ed Slack
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NewsCanary Islands opposition calls for community to accelerate €8.5m marina project
Opposition politicians want regional authorities to take over marina investment
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