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.

Great Britain takes steps to prevent GPS jamming

The United Kingdom’s pursuit of technology to counter the threat of GPS jamming recently reached a significant milestone with the announcement that seven differential eLoran stations will be installed along the southern and eastern coasts. Pending approval by the Department for Transport, the stations will provide alternative position, navigation and timing information to ensure that…more

Crew uncovers treasure in shipwreck off Florida

A treasure hunter has found 300-year-old gold coins valued at a quarter of a million dollars in a shipwreck off Treasure Coast in Florida. Capt. Greg Bounds says treasure hunting on the Capitana is the hardest job he’s ever had, but on days like Saturday they’re also the most rewarding, according to a local NBC…more

Somali hostages reported alive after boat sinking

At least three and perhaps all of the 15-man crew of a merchant vessel that sank last week while being held by Somali pirates are alive, according to their families. The Malaysian-flagged MV Albedo container ship, seized by Somali pirates in November 2010, sank last week in rough seas a short distance offshore from the…more

Company launches overnight charters in Vietnam

Emeraude Classic Cruises is launching an overnight charter business in Halong Bay in northern Vietnam. The all-white Emeraude vessel, with its 34 cabins and three suites, was modeled on a historic paddle wheel steamer by the same name that plied the bay and Gulf of Tonkin from 1906-1937. The aesthetic of the modern-day Emeraude is…more

Spain repeals tax on charterboats

A Spanish tax on charterboats will be repealed Jan. 1, a move supporters say will open up Spanish waters for international charter yachts. “Given the trickle-down effect of yachting in every maritime region, this should have an immediate and very positive economic impact,” Salamanca Marine director Norma Trease told Trade Only Today in an email.…more

Louis Vuitton seeks refund from America’s Cup

Louis Vuitton, the French retailer that has been the primary backer of the America’s Cup, wants a $3 million refund because so few teams have entered the competition. The San Francisco Business Times reported Wednesday that one of the Cup’s most prestigious and longest-running sponsors had initially agreed to a $10 million sponsorship. But that…more

Lawyers’ strike delays Costa Concordia captain’s trial

The manslaughter trial of the captain of the Costa Concordia cruise ship that capsized off Italy’s coast last year, killing 32 people, began Tuesday but was immediately suspended because of a lawyers’ strike. Capt. Francesco Schettino attended the hearing in the Tuscan town of Grosseto wearing a blue suit and sunglasses, declining to answer questions…more

America’s Cup signs deal with Croakies

Eyewear retainer manufacturer Croakies is becoming an America’s Cup licensee. Wyoming-based Croakies said it endorses the race’s longstanding values and is proud to print its products with the America’s Cup logos. Available immediately, Croakies eyewear retainers, lanyards and belts imprinted with the America’s Cup logo will be sold to retailers throughout the country. “Croakies products…more

Jeanne Socrates aboard Nereida July 7th 2013

British grandmother completes solo non-stop circumnavigation

Stranded in Acapulco. Beset by rigging problems in Cape Town. Knocked down near Cape Horn. Jeanne Socrates endured her fair share of setbacks in her quest to sail around the world alone without any stops and outside assistance. But in the end, she persevered. It was Monday at 2:26 a.m. Pacific time when Socrates and…more

Onassis yacht hits market for $32.4 million

One of the most famous celebrity yachts, which hosted the Kennedys and Frank Sinatra — where President John F. Kennedy first met Winston Churchill and where Princess Grace and Prince Rainier held their wedding reception — is on the market. Aristotle Onassis’ Christina O was bought by the shipping tycoon in 1954 and named after…more

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