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.

Boat sales in Thailand show signs of recovery

Thailand’s yachting sector is showing signs of recovery after three years of stunted growth and sluggish sales brought on by global economic turmoil, according to an industry expert in the Southeast Asian country. “2009 saw the start of the worldwide economy downturn and sales of smaller boats was the first [segment] to be affected,” Tony…more

Salvage operation starts for sunken cruise liner

Salvage crews started preliminary work to refloat the partially submerged Costa Concordia cruise liner. Titan Salvage, a U.S. company owned by the Crowley Maritime Group, and Micoperi, an Italian company that specializes in underwater construction and engineering, were contracted to refloat the wrecked liner and tow it away. The job is expected to cost at…more

Sale of the famed ‘Love Boat’ falls through

The Love Boat has been spared – at least for now. The former Pacific Princess that was made famous on the 1970s TV show “The Love Boat” was sold for scrap earlier this year, but the company that bought it has defaulted on its payment. What’s the Love Boat like today? Click here to go to…more

Webinar details benefits of U.S. export program

The marine industry is one of a few that will have access to scarce federal dollars during a nationwide push to increase exports from American companies. That was what the U.S. Department of Commerce told boatbuilders at a webinar Tuesday to discuss the federal push to grow boating exports. “With dwindling resources, we decided to…more

NMMA schedules export webinar

The National Marine Manufacturers Association will have a webinar Tuesday for members interested in learning about emerging export markets. “We’ll have some experts from the Department of Commerce explaining top markets and how to break into those markets if businesses are not there already,” Jim Currie, legislative director for the NMMA, told Soundings Trade Only.…more

Canada offers grant to fight Asian carp

Canadian and U.S. officials are working to protect the Great Lakes from Asian carp. Canada is making a $17.5 million contribution during the next five years to help keep the invasive species out of the lakes, and a bill introduced by Sen. Debbie Stabenow (D-Mich.) and Rep. Dave Camp (R-Mich.) also would seek to protect…more

World War II battleship takes victory lap

The last remaining World War II battleship recently embarked on her final journey. During the Memorial Day weekend, the USS Iowa crossed San Francisco Bay and passed under the Golden Gate Bridge amid a celebration of the bridge’s 75th birthday. Known as one of the most powerful battleships of all time, the USS Iowa was…more

Japanese transport company adds Asian route

MOL Liner Ltd. announced a new China-Middle East service. It will leave June 8 from Shanghai on June 8 and will be operated by six vessels, the company said Tuesday in a press release. MOL will offer an additional weekly service by joining the existing service operated by Wan Hai Lines, Pacific International Lines and…more

Builders honored at Asian awards ceremony

The eighth annual Asia Boating Awards honored the best in Asian luxury yachting last week in Hong Kong. McConaghy’s Boats, which recently launched the fully custom yacht Adastra from its China yard, took home the prize for Best Yacht Design of the Year. Hong Kong/South China superyacht builder Kingship and Taiwan yacht builder Horizon were…more

Yachting boom gains steam in China

During the next decade, the number of yachts in China will grow by 100,000 and the market will be worth between $7.8 billion and $15 billion, according to a report that the China Cruise and Yacht Industry Association. China’s yacht market has rapidly developed in the last two years. At the end of 2010 there…more

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