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.

Report sees yacht boom in China by 2020

The number of yachts in China will increase to about 100,000 in 2020 from about 3,000 last year, with the value of China’s yacht business estimated to be 50 billion yuan ($8.16 billion) by then, the China Cruise and Yacht Industry Association said in its annual report, which was released in May. The government’s support…more

Artemis Racing will miss early Cup racing trials

Back on the water training on an AC45 after losing teammate Bart Simpson in a capsize of its AC72 last month, America’s Cup team Artemis Racing plans to have a new AC72 on the water by early July and race in this summer’s Louis Vuitton challenger series, although the team likely will begin racing late.…more

Luxury yacht market sees gains in India

India’s market for luxury boats and yachts has grown by about 10 percent in the last three years, a period signified by the slowest economic growth in decades. Phiroze Contractor, managing director of Ava Marines, a yacht dealer and an operations and maintenance provider to boats and yachts, says the city of Chennai alone accounted…more

Yachts International debuts charter-yacht digital magazine

Yachts International magazine released Private Yacht Vacations 2013, an online selection of charter yachts available worldwide. The online publication is available now and features available yachts broken down by locations, including the Caribbean and Bahamas, the Americas, Pacific and Mediterranean. It also an introduction to the charter lifestyle and gives those new to yacht charter…more

Engine builder plans facility in China

Wärtsilä Yuchai Engine Co. Ltd., the joint venture by Wärtsilä and Yuchai Marine Power Co. Ltd., began construction of its new production facilities with a groundbreaking ceremony in Zhuhai City in the Chinese province of Guangdong. The agreement to establish the joint venture was signed in December 2012. The company will manufacture medium-speed marine engines…more

Report faults captain in British cargo ship grounding

A report released Wednesday by Britain’s Marine Accident Investigation Branch found multiple causes for the April 3, 2012, grounding of the 270-foot, 1,750-ton cargo ship Carrier in Llanddulas, North Wales. The report notes that cargo was being loaded while the weather deteriorated amid repeated warnings of approaching gale-force winds by the U.K.’s Meteorological Office, beginning…more

Sponsors sign on to Salty Dawg Rally

Three well-known names in the recreational boating world signed on as sponsors of the Salty Dawg Rally, according to rally co-founder Bill Knowles. West Marine, the nation’s largest boating supply retailer, yacht builder Beneteau America and Florida’s Earle Yachts, a major brokerage firm, have joined in support of the Salty Dawg, the East Coast’s annual…more

Exposure Marine X2 gains endorsement

The Norwegian Sea Rescue Association recommended the British-made Exposure Marine X2 searchlight for the professional and recreational marine market by adding it to the group’s existing range of recommended safety equipment. The association is a voluntary, membership-based organization that aims to save lives and protect the environment. It runs a fleet of high-speed rescue craft…more

FBI files Boston-area boater’s vessel as evidence

Investigators moved Slip Away II, the boat made famous after a Boston bombing suspect hid out there before a standoff with police left the boat riddled with bullet holes, to an evidence storage facility. The 24-foot Seabird became even more famous after a Crowdtilt campaign sought to collect enough funds to buy a new boat…more

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Fundraising ongoing for Boston-area boat owner

There are lots of funds being raised for the victims of the bombings last week at the Boston Marathon finish line, but a recent campaign is seeking help for an unusual victim — the owner of the boat that one of the suspects hid out in during a shootout with police. A campaign on Crowdtilt…more

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