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.

Job growth rises, but unemployment rate flat in October

Employment increased by 171,000 in October, leaving the unemployment rate essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Hurricane Sandy had no discernible effect on employment data for October, the bureau reported. Both the unemployment rate and the number of jobless people, at 12.3 million, were essentially unchanged in October…more

Consumer survey shows increased optimism

Consumer sentiment rose to its highest level in five years in October as Americans were more upbeat about prospects for the economy and their own finances, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s final reading on the overall index on consumer sentiment rose to 82.6 from 78.3 in September. It was…more

ICOMIA releases revised global guidelines for construction standards

The International Council of Marine Industry Associations has published new and amended Global Conformity Guidelines for construction standards for boatbuilders looking to export. The purpose of the guidelines is to assist boatbuilders that comply with either American Boat and Yacht Council or international standards, but are looking to start exporting to countries that use the…more

Designer introduces catamaran superyacht

Yacht designer Christian Grande is entering the superyacht segment with a new 21-meter displacement catamaran, Picchio Boat. Grande, who has been designing yachts for 14 years, has won awards with Sessa Marine, Sacs RIBs and Sanlorenzo. Everything is created to be gentle, including the choice of pastel colors and continuous glass to lighten the profile…more

Australian yacht designer slain in Philippines

An 81-year-old Australian designer known for narrow, light-displacement racing yachts was found murdered in his mountain home in the Philippines on Monday. Joseph Adams, who designed Helsal, the winning yacht in the 1973 Sydney-Hobart Race, was found at his home in Alpa Village, a region popular with expatriates. It appeared that Adams tried to fight…more

Damaged Cup cat will be out of the water for months

America’s Cup champion Oracle Team USA will be sidelined from testing its 72-foot catamaran until early next year because of severe damage to the wing sail sustained in a capsize Tuesday on San Francisco Bay. Grant Simmer, the syndicate’s general manager, said Thursday night that the boat’s 131-foot wing sail is in pieces and will…more

Indian tribe opposes new Pacific Northwest shipping terminals

The Lummi Indian tribe is voicing opposition to export terminals that are proposed along the Pacific Northwest coast as a launching point to ship coal to Asia. “I used to travel into Bellingham and buy my sack of coal,” Lummi tribe elder Mary Helen Cagey, 94, said at a news conference, according to the New…more

Mobile apps can draw attention but also mixed results

Marine retailers that are considering creating their own mobile app might find the experience of a Boston-based store owner enlightening. In the summer of 2010 Sheri Gurock, co-founder of Magic Beans, decided to join the mobile app craze because she was offered the app at no charge by becoming a testing ground. Gurock launched an…more

Ferretti Group signs financing deal with Chinese bank

The Ferretti Group is partnering with the Industrial and Commercial Bank of China, the first Chinese credit institute and a worldwide player for market capitalization, and has already secured more than 200 million euros in credit lines from the bank. A memorandum of understanding between Ferretti and the bank envisions a strategic partnership that will…more

Italian builder sees future in Brazil

A year after arriving in the Brazilian market, Italian shipyard Sessa Marine said it achieved positive sales and production results and will strengthen its focus on customer relationships in 2013. Sessa Marine Brazil president Massimo Radice said in a statement that the builder’s goal in the first year was to put in place and organize…more

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