Bermuda wooed America’s Cup organizers with a $77 million package in its bid to host the 2017 regatta.
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.
The Italian marketing firm Sand People Communication added a new public relations team, redesigned its website and logo and relocated its headquarters to Switzerland.
Norwegian e-navigation company Navtor opened an office in Singapore.
Shortly before Louis Chenevert, CEO of manufacturer United Technologies Corp., abruptly retired, he made a side trip to Taiwan to check on the construction of his 110-foot yacht.
The U.S. economy added 321,000 jobs in November and the gains were widespread, led by professional and business services, retail trade, health care and manufacturing, the government reported today.
Turkish builder Numarine said it completed the production of its latest model, the new 70 Flybridge.
The International Superyacht Society appointed its 2015 officers and executive committee with an effective start date of Jan. 1.
Increasingly scarce boat berths in Dubai are driving prices up and prompting yacht owners to dock their boats in neighboring areas, sparking more development of accommodations in the region.
A Democratic congressman accused federal investigators of suppressing concerns about the structural safety of BP’s Atlantis offshore oil platform, a facility similar to the Deepwater Horizon rig that exploded and caused ecological devastation four years ago in the Gulf of Mexico.
One of the seven Open 65 yachts competing in the Volvo Ocean Race, which the sailracing community considers one of the toughest endurance events on the planet, is out of the race.