International News

The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.

Burdensome rules crimp yacht industry in Chinese city

The yacht-manufacturing industry in Xiamen, China, has seen $48 million in exports, accounting for almost 33 percent of the total figure in China. But although the manufacturing sector flourishes, boating has become a “bottleneck for the whole industry in the city due to its cumbersome procedures,” WhatsOnXiamen.com quoted the Xiamen Yachting Industry Association as reporting.…more

Bonnier CEO announces retirement

Bonnier Corp., the U.S. subsidiary of Stockholm, Sweden-based Bonnier AB, announced Friday that CEO Terry Snow is retiring. Dave Freygang, who has been executive vice president of the Active Interest division, will succeed Snow, the company announced. Snow and Freygang have their roots in World Publications, with Snow as its founder and chief executive and…more

Artifacts point to ancient boat in Alaska

Pieces of an ancient umiak, part of a trove recovered 70 years ago in an archaeological dig near Barrow, Alaska – the country’s northernmost city – were recently identified as having come from the oldest skin boat assembly yet found in the circumpolar arctic. The University of Alaska Museum of the North announced Tuesday that…more

Unemployment rate falls to 7.7 percent

Unemployment dropped to 7.7 percent in November, the lowest rate in four years, according to numbers released today by the U.S. Bureau of Labor Statistics. Superstorm Sandy appeared to have had little effect on jobs and hiring as 146,000 jobs were added last month. Since the beginning of this year employment growth has averaged 151,000…more

Sides remain far apart in ‘fiscal cliff’ talks

The White House rejected a counter-proposal Monday night that was set forth by the Republican-controlled House that sought to avoid the “fiscal cliff” and cut $2.2 trillion from the country’s deficit over the next decade. White House spokesman Dan Pfeiffer said the proposal “does not meet the test of balance,” CNN reports. “In fact, it…more

Drifting ice could impact shipping lanes

The birth of an ice island is rarely seen. But what begins in remote high Arctic latitudes can, in the years and decades that follow, have a real impact on places that are far more visible, such as shipping lanes and offshore oil platforms. Recent years have produced a wave of ice islands. Researchers tracking…more

Australian marine conference set for April

A compelling case is being built for marine businesses to attend the Marine13 International Conference and Exhibition in Sydney, according to Darren Vaux, chairman of the Boating Industries Alliance of Australia and vice chairman of the Marina Industries Association of Australia. “The growing list of world-class presenters who will be sharing their strategies for business…more

Marine journalist named to Homeland Security panel

Industry veteran Dean Travis Clarke was named to the Navigation Safety Advisory Council by Homeland Security Secretary Janet Napolitano. “I appreciate your willingness to serve on the committee. I know the department will benefit from your ideas and experience,” Napolitano writes in the notification letter. The Navigation Safety Advisory Council is a 21-member advisory committee…more

European economies slide back into recession

The 17-nation eurozone economy is in recession for the second time in four years as governments imposed tougher budget cuts and leaders struggled to contain the debt crisis that broke out in October 2009. Gross domestic product slipped 0.1 percent in the third quarter after a 0.2 percent decline in the previous three months, the…more

Clear Group unveils charitable superyacht program

The luxury yacht interior design firm Clear Group International announced the launch of Ports of Cause — which it describes as an innovative philanthropic superyachting enterprise — founded by Joyce Clear of Connecticut-based Clear Group and managed by a board. Based as a platform for philanthropy and showcasing superyacht design and the good will of…more

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