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.

Decision pending on Boater’s World assets

Ritz Camera Centers has selected a proposed bid for the sale of its Boater’s World retail stores. During a court-approved auction Tuesday, the preferred bid was submitted by a joint venture formed by Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC. As part of the proposed agreement, Ritz Camera Centers, Gordon Brothers and…more

CNI, Seamagine sign display partnership

Seamagine Hydrospace Corp. and yacht management firm Camper & Nicholsons International have announced a strategic partnership created at the Monaco Boat Show. There, CNI made exhibit space available to Seamagine to display the Ocean Pearl. They followed with an equally successful outing at the 49th annual Fort Lauderdale International Boat Show. “CNI has always provided…more

Judge: Boater’s World auction will go forward

A bankruptcy court judge yesterday approved the bidding procedures for Boater’s World’s assets, with an auction scheduled for noon Tuesday in New York, according to court documents. Bids are due Monday. A hearing to approve any subsequent transaction is set for March 19. Ritz Camera Centers, the parent company of Boater’s World, filed for bankruptcy…more

Boater’s World to be auctioned next week

Ritz Camera Centers, which filed for bankruptcy protection last month, is selling the business and/or assets of its Boater’s World Marine Centers to maintain Ritz’s “long-term viability and successful reorganization,” according to court documents. In papers filed last month, Ritz said an auction is planned for 10 a.m. next Tuesday, with a hearing to approve…more

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Superyacht regatta registration open

Boat International Media and the Yacht Club Costa Smeralda are accepting registrations for Boat International Superyacht Regatta 2009, scheduled for June 9-13 off northeastern Sardinia. The event features superyachts of 80 feet or more competing for the Boat International Silver Trophy. To date, there are about a dozen confirmed entries in the race. The social…more

Obama and the banking crisis

As Barack Obama takes over the presidency, ideas for fixing the banking crisis are circulating, from having government buy banks’ troubled assets to nationalizing the banking system. In his latest New York Times DealBook column, Andrew Ross Sorkin suggests that the alternatives being considered all have drawbacks that need addressing before the President and his…more

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Exports dip as sales overseas cool

Marine manufacturers who have been supplementing lagging domestic sales with robust export sales say that as America’s financial crisis spills across borders, overseas sales are dipping too. Following an unprecedented increase in boat sales abroad that began in early 2004, the market has slowed in recent months, as the global economy follows the U.S. recession…more

Inaugural Emirates show reports $15 million in boat sales

Organizers of last month’s Emirates Boat Show International in Abu Dhabi are calling the inaugural event a success, with more than $15 million in boat sales. The show attracted 13,000-plus visitors and featured more than 200 boats and a range of other products from local, regional and international exhibitors. “The results of the first EBSI…more

Boat show organizers optimistic despite downturn

Organizers of the boot Düsseldorf 2009 international boat show are optimistic as they prepare for the Jan. 17-25 event, despite the worldwide economic slowdown. “We expect hall capacity to be well-used and the showcase to be representative of the international offerings for yachting and water sports,” said Goetz-Ulf Jungmichel, project director of boot 2009, in…more

Famed sailor Hal Roth dies at 81

International bluewater sailor and author Hal Roth died this fall after a long illness. He was 81. Roth and his wife, Margaret, devoted more than 40 years to sailing the world’s oceans, beginning in the mid-1960s when they quit their jobs to embark on a 19-month trip around the Pacific. The Roths sailed around the…more

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