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Monthly Archives: April 2013
China’s Superrich Tastes Evolving Rapidly in Asia
Emptying out the Louis Vuitton store of Neverfulls in Paris is so 2010. Wealthy Chinese don’t just want to shop til they drop, though they will still continue to do just that. What they want are VIP tickets to a Lakers game and to meet Prince Albert II of Monaco at a dinner party on the sidelines of a supery… [read more]
Strictly Sail Pacific continues through the weekend
Strictly Sail Pacific, the West Coast’s largest all-sailboat show, offerings ranged from free dockside seminars and sailboat rides to special presentations from America’s Cup Red Bull Youth Sailing Force team members, “This year’s show (was) packed with hands-on activities and programs to en… [read more]
Burger Yachts Set To Build 78′ Research Vessel in Wisconsin
The U.S. Geological Survey awarded a contract for the construction of a large research vessel for lakes Huron, Michigan, and Superior to Burger Boat Co. of Manitowoc, Wisconsin The vessel, which will replace the agency’s 38-year-old Grayling, is expected to be a commercial-grade, 78′ boa… [read more]
Denison Yacht Service Growing in Fort Lauderdale, Florida
FORT LAUDERDALE, Fla. – Yacht service is a mainstay within South Florida’s marine industry and one of the State’s strongest economic drivers. Few yachting hubs offer the range of marine services that are found in Fort Lauderdale, the “Yachting Capital of the World,” including craftsmen and tech… [read more]
Italian Superyacht Builder Perini Navi Moves Into China
The yachting industry is pushing its move into China further after Italian sailing yacht manufacturer, Perini Navi, opened their first office in China and integrated a new Chinese language version of their website. The Perini Navi Group is a world leader in the design and construction of large sai… [read more]
2013 Newport Boat Show Reports Record Attendance
The 2013 Newport Boat Show, held April 18-21 in California at Lido Marina Village, not only set new attendance records this year — up more than 3% from any show in the last decade — but also one offering in particular caught the eyes of many. “Our social media was getting a response,” commented boat show… [read more]
Virginia Yachting Association Touts Boating’s Economic Impact
The Virginia Marine Trades Association (VMTA) released an economic study showing that recreational boaters spend nearly $1.3 billion annually on boating in the commonwealth. More than 40% of those dollars are spent on boating trip-related activity, such as gas and diesel for owners’ boa… [read more]
Yacht Broker Ned Bruck Ships His 30th Yacht to Japan
Florida yacht broker Ned Bruck has sold over 30 yachts to Japan in the last 9 years. Ned recently sold 2 more boats to Japan, both were loaded and have been delivered successfully. This April Ned shipped his 30th 2006 45’ Viking Sportifsh named “Madonna” which is going to Yokohama Japan and it’s new own… [read more]
Grand Banks Reports Increased Sales in Singapore & Japan
Grand Banks Yachts announced that it is on track to complete 5 luxury yachts for buyers from Singapore, Japan and Micronesia. This marks the highest sales to the region since the 2008-09 global financial crisis and comes amid growing interest in boating among Asians. Singapore Exchange-listed Gr… [read more]
March 2013 Yacht Sales Report: Mixed Results, Down 2%
Yacht brokerage sales in the United States slipped 2% in March 2013 to 2,554 boats sold, but the price paid for those boats rose 31% to $495 million. The figures compared with 2,606 boats sold for a price of $378 million in March 2012, according to YachtWorld.com member yacht brokerage firms reportin… [read more]
Megayacht Orders Buoy European Yachting Industry
Niche megayacht orders measuring 100′ or more and costing as much as $16 million are keeping the European yachting industry afloat. That’s according to The Wall Street Journal, which reported that many of the yachts include fully wired boardrooms, karaoke studios and mahjong parlors and l… [read more]
Oceanco’s Solar-Powered Superyacht Will Dwarf A Football Field
Ever fantasize about sailing off into the sunset, nothing but the open ocean and horizon ahead of you? Living out this dream is reserved for the super-wealthy few, but if money were no object, we’d prefer to do it in Oceanco’s forthcoming 348′ superyacht called Project Solar. A joint effort of… [read more]
Newport Beach Boat Show Benefits From Chinese Promotion
A Chinese magazine geared toward wealthy travelers is promoting the Newport Beach Boat Show in California, running a full-page ad in its publication and flying some of the wealthiest people in Beijing to the Boat show. That’s according to show owner Duncan McIntosh, who said members of Beijing Sun… [read more]
Porto Montenegro: Berth Expansion and Tax Benefits
As part of the 2-year marina expansion plan due for completion by the Summer of 2014, Porto Montenegro will double its marina’s capacity from the existing 245 berths to 490 berths. This second phase of the development which is already underway, will see approximately 100 more berths for yach… [read more]
Do China’s Super Rich Prefer Dry Land to Megayachts?
China may have become the world’s largest market for luxury goods, but when it comes to buying private yachts, most of its wealthiest citizens have yet to dip their toes in the water. Only one out of every 318 high-net-worth individuals in mainland China owns a yacht, versus one out of every 25 in Hong K… [read more]
April 2013 Vote Rejects Management of Chicago Harbor
Hundreds of boaters on Greater Chicago’s North Shore will likely be without a place to put their vessels this summer after a lease bid from the group that has managed Wilmette Harbor for 75 years was rejected. A 4-3 vote by the Metropolitan Water Reclamation District marked a turn in the two-year deba… [read more]
2016 Super Bowl Conflict With Miami Boat Show Not Likely
The South Florida Super Bowl Host Committee on April 1 submitted its bid to host Super Bowl L at Miami’s Sun Life Stadium in 2016 and included in that bid a plan to host most — though not all — of the core game activities in Miami-Dade County rather than Broward County, said Rodney Barreto, the Super Bowl c… [read more]
China: Azimut Participates in 2013 Hainan Rendezvous 2013
Italian yacht builder Azimut Benetti Group has participated in Hainan Rendez-Vous 2013 with the presentation of four brands, which was held from March 30 – April 2 at Visun Times Coast Marina in China. The four brands, which are developed for China in Hainan Rendez-Vous 2013, include Azimut… [read more]
Yacht Sales Report: March 2013 Sales Slip 2% But Values Rise
United States yacht brokerage sales slipped 2% in March 2013 to 2,554 boats, but the price paid for those boats rose to $495 million (31%). The figures compared with 2,606 boats sold for a total price of $378 million in March 2012, according to YachtWorld.com yacht broker members. The increase in val… [read more]
Delta Marine Superyacht Triton To Be Auctioned April 26
The expedition-style megayacht Triton, built by Delta Marine in 2004, will hit the auction block on April 26, under order of the United States Marshal. Currently in San Diego, California the 163′ (49.7-meter) Triton will be sold “as is, where is” to the highest bidder. The auction stems from… [read more]
Norway Looking to Attract Superyacht Industry in Europe
Large cruise ships have frequented the Norwegian coast and famous fjords for centuries. Now, a group of prominent Norwegians has started a project aimed at attracting more superyachts to the land of the midnight sun. According to an article in the financial daily Dagens Næringsliv, a group of peo… [read more]
Yamaha Reaches 10 Million Outboard Motors Produced
Yamaha Motors rolled its 10 millionth cumulative Yamaha outboard off the production line this week. After manufacturing its first P7, a 7-hp outboard, in July 1960, cumulative production continued to mount, reaching 5 million units in March 1996 and 8 million in October 2006. In the roughly 6 year… [read more]