Parker Yacht Partners with Castoldi
Parker Yacht appointed as Authorized Service Center in the United States Castoldi, the innovator of the waterjet propulsion system, has announced that Parker Yacht (PYM) is now an Authorized Service Center in the United States as of May 2018.For over 45 years, Castoldi has specialized in water jet propulsion systems. Castoldi knows what it takes to design and manufacture the perfect hull which further enhances the benefits of their highly-rated waterjet. Castoldi waterjet drives are equipped with exclusive features making them unique, self-contained propulsion systems.
Dutch Superyacht Builders Propelled by Rising Economic Tide
With three lounges, three dining rooms, an open-air jacuzzi, a bar and six luxury cabins, the 50-meter "Aster" is one of Dutch shipyard Heesen's more modest superyachts.The Netherlands, which amassed huge wealth through the technical superiority of European shipbuilders during its 17th century Golden Age, is continuing its maritime tradition by carving out a prominent place in the luxury yacht industry."It's a big year for us," Johan Kaasjager of Heesen Yachts told Reuters at his shipyard in Oss. "We'll have delivery of three yachts this year and still a lot to come.
US Boating Market to Reach $28.5 Bln by 2024
According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the U.S. Recreational Boating Market to exhibit around 4.5% CAGR from 2018 to 2024.Increasing customer spending for tourism is boosting the U.S. recreational boating market demand. Proliferating usage of boats for leisure and water sports activities such as river rafting, kayaking, racing, and sailing are enhancing the production of pleasure crafts, thereby strengthening…
Seized Superyacht Linked to 1MDB Probe Arrives in Malaysia
A $250 million superyacht, impounded as part of a hunt for assets linked to the multi-billion dollar investigation into 1Malaysia Development Bhd, arrived at a port in Malaysia on Tuesday about six months after it was seized.The Cayman Islands-flagged Equanimity was first seized in the Indonesian holiday venue of Bali in February at the request of U.S. authorities investigating 1MDB.The Malaysian state fund is at the center of money-laundering probes in at least six countries, including the United States, Switzerland and Singapore.
Meet the Seabreacher Semi-Submersible.
Exotic marine toys abound at Winterfest Boat parade kickoffWith a yellow seahorse logo that resembles a Ferrari, Seabreacher’s Seararri semi-submersible made quite the splash on the New River during the kickoff for Fort Lauderdale’s Winterfest Boat Parade.With amazing demonstrations rising above the water and thrusting into the air like a bird, the Seabreacher can vector thrust, rising 25-feet high, out of the water. At 18-feet long, she seats two in an enclosed cockpit and runs 60 mph on the water.
SeaKing Electrical Announces Superyacht Sector Growth
Maritime engineering company SeaKing Electrical announced its busiest year in a decade for superyacht work ahead of its attendance at the Monaco Boat Show.Liverpool City Region based SeaKing Electrical has sent teams to work on 18 superyacht repair and upgrade projects in the nine months until September beating its previous record of 17 jobs in all of 2017. The company has worked in the Mediterranean in Cadiz, Cartagena, Genoa, La Ciotat and Barcelona as well as Miami in the United…
Ellison and Coutts Launch League for 'Supercharged' Cats
Former America's Cup winners Larry Ellison and Russell Coutts launched a new league on Wednesday, with six national teams sailing in a series ending in a two-boat $1 million finale.SailGP will go live in Sydney, Australia in February 2019 with 50-foot foiling catamarans powered by wing sails which the organizers expect to reach speeds of more than 50 knots (93 kilometers per hour) as they fly above the water."With equally incredible technology across our one-design fleet, we expect to see thrillingly close and competitive racing…
Sea Knees Helps Boat Operators Stand Pain-free
Shock mitigation device absorbs impact brought about by rough seasJohn Haas spent most weekends for the past two decades living on the open water. Eventually, the continual pounding took a toll on his health, and he developed a herniated disk that required him to temporarily discontinue his favorite pastime. He even needed surgery and extensive rehabilitation to get back to normal health.“When the disk was coming out, it felt like a tongue sticking into my spinal cord,’’ said Haas, a resident of Stuart, Fla. “I didn’t have any feeling in my right leg. First it was pain, and then went numb.
US Flag Registry Now a Reality for Large Yachts
With the stroke of President Trump's pen on Monday, August 13, 2018, U.S. yacht owners are now able to fly an American flag and register their yachts - over 300 GT - in the United States.This new legislation modernizes outdated laws and brings the United States in line with current times, according to a yachting trade association. "This has been a significant issue that the U.S. Superyacht Association (USSA) has spent nearly a decade working to correct," said Kate Pearson, USSA Chair and vice president of business development of Safe Harbor Marinas.
Superyachts Head to Savannah Yacht Center
A 235-foot megayacht recently launched at Savannah Yacht Center after full paint renewal provided by the yard’s yacht coatings partner, Pinmar. Catering to superyachts 60-meters and over, the shipyard is providing full refit, service and restoration for the big boat sector while renovating the yard’s infrastructure, with expected completion during the second quarter of 2019.With a 140-meter graving dock for yachts up to 450-feet in length and 1,200-feet of wet slips, Savannah Yacht Center’s new 3…
MasterCraft to Acquire Crest Marine
MCBC Holdings, the parent entity of MasterCraft Boat Company, and NauticStar announced that it has entered into a definitive agreement to acquire Crest Marine, a vertically integrated manufacturer of high-quality pontoon boats in the United States, for approximately $80 million.MasterCraft also expects that approximately $10 million net present value of future net tax benefits will accrue to the combined company. The transaction is expected to close in the fourth quarter of calendar 2018…
EcoSpeed Enters Yacht Market
Subsea Industries said it has begun actively marketing its Ecospeed coating in the luxury yacht market following the introduction of stringent regulations aimed at reducing the impact of leisure craft operations on the marine environment. The Antwerp-based sustainable coatings specialist will market its non-toxic hard coating initially in the United States, where there is increasing scrutiny of copper-based antifouling systems on the hulls of all types of pleasure boats. “There…
Luxury Yacht Seized in Money Laundering Probe
Indonesian police on Thursday questioned the captain and crew of a luxury yacht in Bali at the request of U.S. authorities, probing alleged money laundering at a Malaysian state fund, they said. The yacht was impounded in Bali on Wednesday amid a multi-billion dollar corruption investigation launched by the U.S. Department of Justice (DOJ) and tied to Malaysian state fund 1Malaysia Development Berhad (1MDB). Police seized the yacht, Equanimity, after receiving a letter on Feb. 21 from the U.S.
IYC to Present 11 Yachts at PBI Boat Show
IYC will be presenting an impressive fleet of 11 yachts including 54m (164’) Silver Lining, at the Palm Beach International Boat Show, held from March 22-25, 2018 in West Palm Beach, Florida. Additional yachts will also be available to view at the nearby Rybovich marina, including the unique SWATH superyacht 41m (134’6’’) M/Y Silver Cloud. The show is held in close proximity to the newly opened IYC Palm Beach office, with Palm Beach a key hub in the IYC global network. The Palm…
Yanmar Announces Investment in GetMyBoat
Yanmar announced a strategic investment in San Francisco-based GetMyBoat, a boat rental and water experience marketplace. The investment includes funding and a strategic partnership between Yanmar Group company Yanmar Marine International, a leading provider of marine engines and GetMyBoat. GetMyBoat is the world’s largest boat and watercraft rental marketplace with over 108,000 listings in 184 countries and over 9,300 locations. The company brings all types of water experiences to renters anywhere in the world…
Ainslie in Hunt for Cash to Fulfil America's Cup Dream
When Ben Ainslie is not out sailing with his crew, he is busy inside Land Rover BAR's futuristic headquarters raising the money he needs to make his America's Cup dream a reality. Ainslie, the most successful Olympic sailor and a winner of the "Auld Mug" with Oracle Team USA in 2013, is racing to secure at least 100 million pounds ($141 million) needed to design, construct and race the latest version of America's Cup boat. "We are on that funding trail right now ... Land Rover have been fantastic as title partner and some of the other partners are coming back in…
H2O BoatCare Expands into the US
Netherlands-based H2O BoatCare has expanded into the United States market with its environmentally-friendly device that fights off algae and barnacles from yachts, resulting in fuel cost savings and reduced maintenance. H2O BoatCare’s equipment employs ultrasonic sound vibrations, which are 25,000 times stronger than previous technology, to keep yacht hulls free of algae, barnacles, mussels and oysters. H2O BoatCare is easy to use, eliminating the need for scrubbing, while also reducing the need for boat lifting and the use of antifouling paint.
Marine Travelift Adds Two M5200H Forklifts
Marine Travelift has recently announced a partnership with Suntex Marinas for the addition of two M5200H (52,000 lb. equivalent capacity) Hydro M_Drive marine forklifts to its Riviera Beach and St. Petersburg properties. A third forklift will also join the fleet at Snook Bight Marina in Estero Bay.Suntex Marinas is one of the largest and most respected marina operations in the country, bringing over 100 years of combined experience investing in, acquiring, and managing marinas.
Suntex Acquires Hurricane Marina
Suntex Marina Investors, LLC (Suntex) announced the acquisition of Hurricane Marina, located on Center Hill Lake in Silver Point, Tennessee. With the change in ownership, Hurricane Marina received a new 25-year lease with the United States Army Corps of Engineers and also extended the lease of the existing restaurant tenant, Blue Water Grille. Hurricane Marina lies on a natural, protected harbor approximately 70 miles east of Nashville, and consists of 600 wet slips (48 of which were built in 2015), 40 personal watercraft slips and 25 enclosed boathouse slips.