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.

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

Economic optimism? It’s a good bet

Five years ago, when oil was selling for $65 a barrel, what would you have predicted the price would be in 2010? Sure, U.S. oil prices climbed to a 26-month high of $91.88 this week, but the average price for 2010 has been just under $80, which is the equivalent of about $71 in 2005…more

Teens survive being lost at sea for 50-plus days

Three teenage boys who were rescued Wednesday from a tiny boat 240 miles from land after they became lost in the South Pacific for more than 50 days were being examined today by a doctor in Fiji. Apunas Sakamuri, a spokesman for the police department in Suva, Fiji, said the three were admitted to Suva…more

Michigan Wheel Marine adds Dubai division

Michigan Wheel Marine recently established a new division in Dubai, United Arab Emirates. The new company will trade under the name Michigan Wheel Marine – MEAA (Middle East, Africa & Asia), and will provide regional service and support for customers throughout the Middle East, Africa and the Subcontinent. Michigan Wheel – MEAA will provide after-sales…more

Chinese yacht builder conducts IPO

  Yacht manufacturer Sunbird Yacht Co. Ltd. received approval from the China Securities Regulatory Commission through an initial public offering of 22 million shares listed on the ChiNext board in Shenzhen in September. Sunbird Yachts, which opened in 1993, has more than 900 employees and is a leader in the local market, the company said.…more

Yacht sales firms sign marketing agreement

Sarasota Yacht & Ship Services reached an agreement with Leigh-Smith Cruiser Sales, a long-established Australian-based brokerage firm, to create an international marketing alliance. The international yacht sales firms agreed to market one another’s services in their respective markets in an effort to expand their market reach by creating greater international exposure. “In 2009, the U.S.…more

Iraq selling Saddam Hussein’s yacht

Want to buy a yacht once owned by a dictator? Iraq’s ministry of transportation announced that the luxury yacht Ocean Breeze, once owned by former Iraqi president Saddam Hussein, is back in Iraqi waters and up for sale. The boat has been the subject of legal wrangling between Iraq and Jordan, which said it owned…more

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