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.

Former America’s Cup yacht will be recycled

Boeing and Oracle Team USA, winner of the 34th America’s Cup, are collaborating to recycle 7,000 pounds of carbon fiber of USA-71, a yacht built for the America’s Cup campaign in 2003. The hull and mast of the racing yacht will be processed and repurposed, a first-of-its-kind effort for what could be the largest carbon…more

Ocean Alexander consolidates Asian boatyards

Alexander Marine, the builder of Ocean Alexander yachts, is expanding its manufacturing facility in Taiwan and closing its yard in China. With nine new-boat sales during the summer, Alexander is expanding its manufacturing capabilities in Kaohsiung. Trends have shown an increase in sales of larger-size yachts and the Taiwan yard will expand to meet the…more

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Benefit in Bermuda will honor fallen Cup sailor

The Andrew Simpson Gold Cup Benefit is set to take place Thursday in Bermuda during the Argo Group Gold Cup. Sailing stars from the America’s Cup and Argo Group Gold Cup will attend the 7-10 p.m. fundraising event to honor the life of Simpson, affectionately known as “Bart,” and raise funds for the Andrew Simpson…more

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Boaters in Vegas protest closure of Lake Mead

Boaters in Las Vegas couldn’t take to the waterways after the government shutdown, so they took their boats to the street instead. Boaters staged a protest of Lake Mead’s closure by towing their boats Sunday evening down Las Vegas Boulevard, otherwise known as “The Strip,” as tourists stared and pointed, according to the Las Vegas…more

No unemployment report for September

The U.S. Department of Labor is not issuing jobless numbers because of the government shutdown. The closely watched numbers will not be issued because only three employees are working in the Bureau of Labor Statistics, Labor Department spokesman Stephen Barr told the Associated Press. The Bureau of Labor Statistics website has a message telling visitors…more

Defender accepts Australian club’s America’s Cup challenge

The Australia-based Hamilton Island Yacht Club challenged for the 35th America’s Cup and was accepted by the Golden Gate Yacht Club, the defender and trustee of the world’s oldest sporting trophy. For the last three decades, the Hamilton Island Yacht Club has run Audi Hamilton Island Race Week, which has become the largest annual regatta…more

Geraldo Rivera donates sailboat to Maine school

Geraldo Rivera says he couldn’t possibly sell his beloved 68-foot sailboat since it’s like one of the family. But as the Fox News host wrestled with work demands he didn’t have time to use his aluminum ketch. So he decided to donate Voyager to the Maine Maritime Academy in Castine, according to the Bangor Daily…more

Willard Marine provides umpire boat for America’s Cup

In a story that reached beyond the sports pages, the world now knows that Oracle Team USA completed one of the most historic comebacks in sports history Wednesday by winning its eighth straight race and capturing the 34th America’s Cup. But even if you’ve been watching the races in San Francisco Bay, you might not…more

Consumer confidence down in September

Consumer confidence was at its lowest level in four months in September. The Conference Board’s Consumer Confidence Index dropped to 79.7 from 81.8 in August. “Consumer confidence decreased in September as concerns about the short-term outlook for both jobs and earnings resurfaced, while expectations for future business conditions were little changed,” Lynn Franco, director of…more

Italians seek refuge from new yacht tax

Italy’s new tax on boats and yachts has owners increasingly looking at living in alternative spots such as nearby Montenegro. John Kennedy, founder and CEO of The Boka Group, a global alternative asset management and investment advisory firm, told Property Wire that even Italians are moving their assets away from the country in a bid…more

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