Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing facility Dubai Maritime City (DMC), a maritime cluster in Dubai, today announced an agreement with Gulf Craft to invest in a free hold plot located within the marine district of DMC, on an area of approximately 900,000 square feet. According to DMC, Gulf Craft plans to make a $100 million investment in developing this facility over the next five years. It will include a state-of-the-art shipyard to manufacture high-end luxury yachts as well as a service center incorporating cutting-edge, highly specialized technology for the yacht industry. The agreement was signed by His Excellency Khamis Juma Buamim, Chairman of Dubai Maritime City, and His Excellency Mohammed Hussein Al Shaali, Chairman of Gulf Craft. UAE-based Gulf Craft, is one of the top 10 manufacturers of superyachts globally, completing and delivering more than 9,000 vessels to date and winning a number of local and international awards, including the World Yacht Trophy for Shipyard of the Year 2014 and the Best Asian Yacht Builder at the Asian Boating Awards 2014. Commenting on the announcement, Mohammed Hussein Al Shaali, Chairman of Gulf Craft said, “As a company
A pair of grants totaling nearly $58,000 will be used to train 245 workers at two shipbuilders in Sturgeon Bay, Wis., the Business Journal of Milwaukee reported. The Workforce Advancement Training Grants from the Wisconsin Technical College System were awarded to Northeast Wisconsin Technical College (NWTC) in Green Bay. The funds will be used for training workers from Bay Shipbuilding Co., a manufacturer of commercial ships, and yacht maker Palmer Johnson Yachts..
Grand Banks Yachts, Ltd., recently appointed two members to their worldwide corporate management team. Rob Livingston has been named vice president of marketing for the global manufacturer of Grand Banks, Eastbay and Aleutian Class yachts. In this capacity, Livingston has worldwide responsibility for brand marketing, overseeing advertising, public relations, promotions, online operations, collateral development and overall marketing management
“The Australian yacht market is very buoyant at present due to the strong Australian dollar,” said Roberts. “Being market leaders, DYT and Aurora are working hard to service the South Pacific market for yacht transportation in relation to this large influx of yacht movements.” Super Servant 3, at 456 feet (139 meters) in length and operating on a regular schedule to deliver yachts around the world
Vantage Yacht Club Adds Sustainable Electric Boats to Its Rental Fleet. Vantage Yacht Club, the premier fractional club offering shared yacht ownership and creator of the Yacht Card, announced additions to its Fleet Membership and Non-Member rental fleets today with the delivery of four electric Duffy Boats. Vantage Yacht Club is proud to announce this first electric boat initiative in Chicago as it continues to lead the evolution of the yachting lifestyle
Fjord, Inc. has recently reached an agreement authorizing National Marine Suppliers to be a distributor of their Chafe-Pro product line. National Marine Suppliers specialize in worldwide yacht support and deal in every facet of the yachting industry. Fjord, Inc. is a manufacturer of marine chafe-protection coverings for safeguarding lines and hydraulic hoses. Chafe-Pro’s patented design allows the units to be moved to the desired location due to their Velcro closing system
A pair of custom STIDD Admiral High Back helm seats from leading ergonomic marine seating manufacturer STIDD Systems add comfort and style to the helm of Christensen Shipyards' newest launch, set to debut at the 2009 Fort Lauderdale International Boat Show, October 29 – November 2. The 160-foot Odessa is the first Christensen yacht to feature a black hull and silver painted superstructure. In addition to the standard STIDD ergonomic and adjustment features
Growth in sales worldwide has prompted Fastmount Ltd, the New Zealand designer and manufacturer of the Fastmount removable panel mounting systems to strengthen its distribution team in Europe. Fastmount has selected marine industry specialists with a wealth of knowledge in both the OEM and refit sectors in the Netherlands, Belgium, Turkey, Finland and Sweden. They appointed Kroon B.V in the Netherlands and Belgium
Italy is a region marine electronics and equipment manufacturer WESMAR has served with its roll fin stabilizers and its stainless steel counter rotating bow and stern thrusters for many years. Today, WESMAR announced a further expansion into the Italian market with the appointment of Yachtalia of Massa, Italy, as its newest international dealer. Yachtalia joins a network of hundreds of WESMAR dealers around the world
Xtreme Companies, Inc. announced the acquisition of 100% of the outstanding shares of semi-custom boat manufacturer Marine Holdings, Inc. In exchange for $4.3 million in cash, Xtreme received the Challenger business and assets including its gross order backlog of $1.6 million, boat inventory, boat molds and real estate which includes Challenger's 65,000 square ft. boat manufacturing facility located on 12 acres in Washington, MO. The transaction was financed with
Cathelco, the world leading manufacturers of equipment for ships, have acquired Hydro-Electrique Marine (HEM) the French specialists in desalinators and water treatment systems. The acquisition will make Cathelco one of the largest producers of shipboard water treatment systems in
An accident report into the loss of the Cheeki Rafiki mid-way through a transatlantic crossing last May, found that undetected damage to fittings around the keel after a string of earlier groundings are among the likely causes, says the Telegraph.
Seaworthy Ltd. launches new marine approval and certification specialist service for equipment manufacturers and system developers A new service provider for marine equipment manufacturers and system developers has entered the industry. Seaworthy Ltd
Steelhead Marine, a North American crane manufacturer, has expanded its product offering with the launch of the new E Series 1000 crane. Suited for commercial and recreational vessels, the E Series crane is available primarily in a 1,000-lb model with a 1
Ancasta International Boat Sales is in the process of launching the Prestige 680, the newest luxury motor yacht from Prestige, which will have its world premiere at Cannes in September 2015. A 21m flybridge cruiser, the Prestige 680 boasts all the key features that have made the
Hybrid Marine Power & Propulsion Workshop – Southampton – May 13 & 14, 2015 In May 2015 U.K. based Shock Mitigation will bring together a group of experts armed with the latest knowledge that will assist the sub IMO professional sector to understand the possibilities
Teledyne TSS is launching the latest addition to its Saturn product range at the Ocean Business exhibition with the introduction of its fiber-optic marine gyrocompass. This is an entirely new product from the gyro-compass manufacturer. It is specifically aimed at the commercial shipping
Extreme Arctic yacht race planned a race through the Northwest Passage, from New York to Vancouver Island, is possible only because of sea-ice melt, the organizer says. Sailing The Arctic Race (STAR) is launching an extreme sailing race from the Atlantic to the Pacific through
Tube bending machine manufacturer, Schwarze-Robitec has opened a North American subsidiary as of April 2015. Schwarze-Robitec America Inc. has been implementing the entire sales and service for the high-quality Tube Cold Bending Machines Made in Germany.
Crews are continuing their response and investigation Saturday for an unknown substance that was released Friday into Lake Erie at the Forest City Yacht Club in Cleveland. The spilled product coming from an outflow pipe near the marina appears to have ceased.
The rapprochement between the United States and Cuba could mean that tens of thousands of U.S. yachts could soon descend on the island, an influx for which the country's infrastructure is not prepared, Agence France-Presse reported.
BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced the completion of new offices in Southampton in order to meet a large increase in design work. Operating across four principal market sectors, the naval architectural practice delivers design and engineering services for
The Maritime Training Academy announced the launch of its new diploma in maritime security today. The Surrey, UK-based distance learning center said the diploma in maritime security will commence April 1st, 2015 and will consist of 11 modules including ISPS code
Yatching Malta Ltd (YML) - a new public private partnership (PPP) between the government and the Royal Malta Yacht Club (RMYC) was formed with the aim of putting Malta on "the global yachting map". Prime Minister Joseph Muscat launched YML at the club's headquarters in Ta
Taiwan's yacht industry saw its first double-digit growth in nearly a decade, indicating an inspiring revival led by development and sales of larger leisure boats, reports Chinese newspaper Commercial Times. The export value of Taiwan-made yachts hit US$172 million, up 13