More than 10 boats seized from Canadian dealership
The outlet is being investigated for questionable business practices.
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.
Italy and Cyprus charter operators targeted by EU over ‘illegal tax breaks’
The EU Commission says the two countries are allowing tax breaks on diesel fuel for charter yachts as well as too-low taxes on charter vessels.
Queensland government to invest $13 million in dredging
The Australian state says it will open up the Gold Coast Marine Industry precinct to superyacht traffic.
Officina Italiana Design celebrates 25th anniversary
The studio entered the megayacht sector with a recently launched 164-foot Riva.
Benetti builds first megayacht under China Classification Society
The 213-footer is one of the first megayachts to fly the Chinese flag as part of a plan to facilitate yacht travel between China, Macau and Hong Kong.
U.S. bans private vessels from traveling to Cuba
Administration says Cuba is supporting U.S. adversaries in Venezuela and Nicaragua. NMMA said boat travel should have “parity in treatment” with air travel.
U.K. reports double-digit gains in 2018 exports
But industry remains nervous about potential fallout from Brexit.
Metal Shark opens Croatia facility
First location outside the U.S. will have nearly 20 employees.
Brexit deal rejected — again
EU chief says risk of disorderly exit “has never been higher.”
ICOMIA publishes Brexit guide
United Kingdom’s parliament rejects withdrawal agreement.
Bahamas ferries under fire for threatening environment
Vessels stirring up silt and mud in “pristine waters.”
Our Big, Blue Boating World
Trying to get a handle on the global recreational boating market can be difficult, particularly because not all countries report financial data.
MCE Marine Group adds DragonShore Ltd as sales and service agent
The Taiwan- and Hong Kong-based company will represent MCE Marine’s line of Newmar chargers, inverters, DC converters and related power control equipment.
Trade diplomat: Boatbuilders need a ‘Plan B’
With the U.S. engaged in a trade war, Rebecca Torres said builders have to look at sourcing from other countries and selling to other countries.
Cox Powertrain leases production facility for diesel outboard
The company said the engine will go into production in Q2 2019.
Chinese yacht builder to use CMC Marine stabilizers
It’s the first time CMC products have been used in the Far East market.
NMMA: Trade war puts American jobs at risk
Additional tariffs on $200 billion worth of Chinese products ‘misses the mark of the intended objective.’
NMMA: ‘No way to weather the storm’ with 25 percent tariff
Nearly 300 marine-related products will immediately cost 25 percent more.
Retaliatory tariffs on boats to EU start today
The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.
Victory Yacht Sales opens office in Miami
Victory Yacht Sales, a subsidiary of Victory Marine Holdings (OTCPK:VMHG) has completed its merger and unveiled a new trading symbol.
Dutch superyacht yards set records in 2017
Statistics for 2017 show that the superyacht market in Holland grew by almost eight percent over the previous year, as deliveries increased from 21.6 percent to 30 percent.