A 5 percent global decline in reported incidents of piracy and armed robbery at sea is outweighed by the changing threat the maritime community is facing in the Gulf of Guinea, according to the RiskMap Maritime analysis, Control Risks’ guide to maritime risks for 2014.
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.
A new Canada-Korea Free Trade Agreement will eliminate a tax of as much as 8 percent that Canadian boat companies face when exporting to South Korea.
After the signing of a letter of intent for the construction of a 68-meter yacht — which the company says is the biggest megayacht ever sold on the Chinese market — CRN contracted for the construction of a 77-meter (252-foot) megayacht destined for the Middle Eastern market.
The unemployment rate remained relatively unchanged in February at 6.7 percent.
The Consumer Confidence Index fell moderately this month after increasing in January and it now stands at 78.1, The Conference Board reported today.
Dutch superyacht builder Oceanco said it will bring its 292-foot motoryacht Nirvana to the March 4-8 Dubai International Boat Show in the United Arab Emirates.
New Jersey’s Department of Transportation, like other state and local agencies in the northern United States this winter, faced a road salt shortage and a maritime law hindered a resolution of the problem.
In response to the increasingly complex and specific needs of superyacht owners, Inchcape Shipping Services launched round-the-clock service operating from Fort Lauderdale and a new app designed to make shipping scheduling easier.
Experts will discuss the potential and prospects for new-boat financing models at the SMM Ship Finance Forum, an international maritime trade fair in Hamburg, Germany.
The Sicily Boating Project, launched in 2012 by the authority of the Sicilian Region to boost boating activities and expand the region’s global nautical industry, is opening its 2014 campaign at events that include the Miami International Boat Show and the Yacht & Brokerage Show in Miami Beach.