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.

African-American syndicate seeks America’s Cup injunction

Given new life by a June appellate court ruling, an African-American sailing syndicate has asked for an injunction to stop America’s Cup racing until the court rules on its complaint that the Golden Gate Yacht Club did not act in good faith in denying the syndicate’s application to race against Oracle Team USA for the…more


Ferretti plans delivery of 112-footer in Thailand

The first Ferretti Custom Line 112-foot Next built for Thailand’s market will go ashore in that country — a “key market for the entire Ferretti Group” — later this summer, the company announced. Ferretti said the maxi-yacht will be delivered to the customer at the end of July. “It is an absolute debut in such…more

Biggest superyacht? It’s the 590-foot Azzam … for now

When it comes to boat envy, billionaires are in a different realm as they vie to own the largest superyacht  in the world. The launch of the 590-foot Azzam — and its mystery owner — have bumped Russian billionaire Roman Abramovich’s Eclipse, at a mere 533 feet, from the top perch. Prior to Eclipse, the…more

Great Britain takes steps to prevent GPS jamming

The United Kingdom’s pursuit of technology to counter the threat of GPS jamming recently reached a significant milestone with the announcement that seven differential eLoran stations will be installed along the southern and eastern coasts. Pending approval by the Department for Transport, the stations will provide alternative position, navigation and timing information to ensure that…more

Crew uncovers treasure in shipwreck off Florida

A treasure hunter has found 300-year-old gold coins valued at a quarter of a million dollars in a shipwreck off Treasure Coast in Florida. Capt. Greg Bounds says treasure hunting on the Capitana is the hardest job he’s ever had, but on days like Saturday they’re also the most rewarding, according to a local NBC…more

Somali hostages reported alive after boat sinking

At least three and perhaps all of the 15-man crew of a merchant vessel that sank last week while being held by Somali pirates are alive, according to their families. The Malaysian-flagged MV Albedo container ship, seized by Somali pirates in November 2010, sank last week in rough seas a short distance offshore from the…more

Company launches overnight charters in Vietnam

Emeraude Classic Cruises is launching an overnight charter business in Halong Bay in northern Vietnam. The all-white Emeraude vessel, with its 34 cabins and three suites, was modeled on a historic paddle wheel steamer by the same name that plied the bay and Gulf of Tonkin from 1906-1937. The aesthetic of the modern-day Emeraude is…more

Spain repeals tax on charterboats

A Spanish tax on charterboats will be repealed Jan. 1, a move supporters say will open up Spanish waters for international charter yachts. “Given the trickle-down effect of yachting in every maritime region, this should have an immediate and very positive economic impact,” Salamanca Marine director Norma Trease told Trade Only Today in an email.…more

Louis Vuitton seeks refund from America’s Cup

Louis Vuitton, the French retailer that has been the primary backer of the America’s Cup, wants a $3 million refund because so few teams have entered the competition. The San Francisco Business Times reported Wednesday that one of the Cup’s most prestigious and longest-running sponsors had initially agreed to a $10 million sponsorship. But that…more

Lawyers’ strike delays Costa Concordia captain’s trial

The manslaughter trial of the captain of the Costa Concordia cruise ship that capsized off Italy’s coast last year, killing 32 people, began Tuesday but was immediately suspended because of a lawyers’ strike. Capt. Francesco Schettino attended the hearing in the Tuscan town of Grosseto wearing a blue suit and sunglasses, declining to answer questions…more

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