The European Commission has now formally requested that the French change their VAT legislation which grants VAT exemption for some transactions involving superyachts potentially affecting commercial charters.
After setting up Poralu Marine Services, with the signature of a joint venture agreement with Nautiscaphe, experts in underwater anchoring systems, CEI will strengthen Poralu Marine’s international approach as a top of the range equipment supplier.
Recreational boating and light commercial marine industries associations around Australia have united to form the Boating Industries Alliance. The Alliance is the peak industry body for the Australian boating industry, with a new charter and funding model that will enable it to deliver improved national outcomes for its members.
Moore Stephens Crew Benefits Limited and Nautilus International join their forces in a venture to deliver benefits for superyacht crew.
North Carolina’s Hatteras Yachts is growing in Craven County as Hatteras is to create 350 jobs and invest $4.7 million in the coming five years there.
The merger between Southern Spars from New Zealand and Nordic Mastwill from Norway will create a combined mast and spar maker with over 350 staff able to compete on the world stage. The new entity will supply a comprehensive range of high quality carbon fibre masts, booms and carbon rigging to meet the demands of all market sectors.
On the 7th July The Yacht Harbour Association organized an event where 41 members, including the British Marine Federation President Alan Morgan, met to see the spectrum of marina developments. The meeting was held in the Norfolk Broads.
Burger Boat Company may lay off approximately 70 employees during the next six months. These layoffs will be in addition to a series of small layoffs that have occurred over the last several months. The company is positive and continues to seek new projects, which could minimize layoffs and make the notice to lay off the employees a moot point.
Two key marine industry organizations have signalled a positive move forward for the Australian marine industry by signing a landmark agreement to work closer together.
Under the new agreement, the Australian International Marine Export Group (AIMEX), the peak body for Australian marine exporters, will manage the day to day operations of Super Yacht Base Australia (SYBA) the peak body for the Australian superyacht sector.
The top responses from the 22 journalists canvassed included were “Orcas, Burj Khalifa, George Clooney, and the Mona Lisa.” Shall we conclude that Oceanco has a killer instinct, reaches to build the biggest in the world, has the sexiest yachts, and is at the same time enigmatic?
Since 1995, when an exclusive relationship was formed between Princess Yachts International and Viking Sport Cruisers of New Jersey in the US, the two companies have successfully created a new class of luxury performance motor yacht for the American market. Designed and crafted in the UK by Princess and marketed under the Viking brand in the States, these powerful cruising yachts have remained at the very forefront of the market, leading the way in quality of build, seakeeping and, through the solid foundations of Viking Sport Cruisers, class leading customer service.
On 24th June, Imtech Marine & Offshore organised an event for the maritime industry at its premises in Rotterdam, dedicated to the theme Green Ship Energy Solutions. A number of expert speakers from the maritime industry elaborated on the regulations, trends and technological developments concerning Efficient and Green energy management, for example new means and ways to store energy, use new energy sources and in the end achieve efficient electrical networks on board. Payoff of the event being ‘Powered by Imtech – Green Energy Solutions’, Imtech Marine & Offshore presented its vision: zero-emission ships.