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.

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

Chinese boat show set to debut in 2013

The first Chinese government-supported boat show, Boat China & Water Sports Expo 2013, will take place May 10-12 in the Guangzhou Pazhou Complex. China has mainland and island coastlines of 18,000 kilometers and 14,000 kilometers, respectively. The vast and diversified water area provides a favorable environment for the development of a yacht industry in China,…more

Florida broker partners with Dutch boatbuilder

The Dutch ShipYard Group and Dwight Tracy and Friends Yacht Sales are partnering to expand the Holland-based firm’s presence in the U.S. market. “We’ve wanted to have a larger presence in the U.S. market for some time now, but felt it required having representation that was not only sales-oriented, but highly qualified on a technical…more

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

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