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.

China’s soaring inflation could affect U.S.

As the United States and Europe struggle to get their economies rolling, China is having the opposite problem – keeping its revved-up economic growth engine from generating runaway inflation. The latest sign that things were moving too fast came during the weekend when China’s central bank ordered the biggest banks to set aside more cash…more

OPINION: How Japan will affect our supplies

I know you don’t like to report negatives, but I believe you and other publications and news sources are missing and underreporting the near-term and long-term effects the earthquake and the damaged reactors and the overstressed electrical grid in Japan are having and will continue to have on world markets for their goods, including the…more

Tiger Woods’ yacht up for sale

Got some extra money lying around? Golfer Tiger Woods is reportedly putting his 155-foot megayacht Privacy up for sale. With a permanent crew of 13, Privacy costs more than $2 million a year to maintain, The Palm Beach Post reported. Woods had the vessel sailed south to Fort Lauderdale in the fall. It was dry-docked…more

Chinese yacht builder opens U.S. branch

China’s Sunbird Yachts is expanding and has opened a new overseas branch in the United States, the company announced. California’s Plandy Yachts, along with Marco-Polo Yachts in Italy and Plandy Yachts in Hong Kong, will work on yacht design, construction, sales and service. “We focus more on prep work with local experts that we have…more

Oil prices climb above $100 a barrel

Oil prices held above $100 a barrel early Thursday as the political upheaval in Libya has curtailed production from the North African country. The U.S. benchmark oil contract – West Texas Intermediate – for April delivery was up $2.63, or 2.6 percent, to $100.70 a barrel, CNN reported. “The energy market continues its upside momentum…more

Chinese company signs marine deal

China-based Wowjoint Holdings Ltd., a leading provider of customized heavy-duty lifting and carrying machinery, today announced it signed several new equipment contracts, including its first in the marine industry. Sunbird Yacht Co., China’s largest yacht manufacturer and the only publicly listed China-based yacht company, signed a $1 million contract with Wowjoint to purchase two 150-ton…more

Yachts with champagne showers lure the rich

The average boater might be counting his pennies, but in the land of the super-rich, money is no object. Yacht builders say the demands of super-rich customers are becoming increasingly eccentric. Clients demanded two helipads on one yacht, a room-size freezer compartment so guests can have snowball fights in the Bahamas, and even recording studios.…more

Survey: Home values still a drag on economy

Even as some hopeful economic signs are popping up, one leading indicator is worsening as home values are falling across the United States. The Wall Street Journal’s latest quarterly survey of housing-market conditions found that prices declined in all of the 28 major metropolitan areas tracked during the fourth quarter, compared with a year earlier.…more

Anglers film shark attack in Australia

A group of fisherman in Australia recently filmed a great white shark attack on their boat. The attack took place off the waters of Busselton in southwestern Australia near Perth. Shortly after the man and his two friends went swimming, a great white shark circled the boat several times before disappearing, according to the report.…more

Survey: More employers expect to add workers in 2011

More firms said they plan to hire full-time, permanent workers in 2011 than did this year, but wage growth likely will remain modest, according to data released Wednesday by job site CareerBuilder.com. Almost one-quarter of employers – 24 percent – said they plan to hire full-time, permanent workers in 2011. That compares with 20 percent…more

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