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Category Archives: Economy

Atlantic Shift for VanDutch

December 31 - Economy, Photo Gallery, Rest of the World, superyacht manufacture, Superyachts
In an unusual shift of production an American boat maker is celebrating, after scoring a multi-million contract with a Dutch company. Marquis Yachts based in Wisconsin plans to expand its workforce by more than 100 worke...

Princess Shows Encouraging Results

October 29 - Economy, Photo Gallery, Superyachts, UK, Yachting Business
News that will cheer the hearts of many in the UK marine industry came when Princess Yachts announced a positive set of financial results for 2012 in advance of what looks to be an important moment in the future of the c...

Sealine hits the rocks as administration announced

May 23 - Economy, Motor Boats, Photo Gallery, UK, Yachting Business
Following on from last month’s article about UK boat manufacturers Sealine being placed on the market there was more bad news as the inevitable occurred and the administrators have been called to the Kidderminister...

Spanish Navy Sells off its boats for less than the price of a new car!...

April 18 - Economy, Gibraltar, Spain
The Spanish navy is auctioning off one its retired patrol boats — for just €27,000. The vessel, which bears the name of Grosa, is going under the hammer at auction with a starting price of a paltry 27,541.32 euros ($...

Sealine for Sale – Rough Seas Ahead?

April 18 - Economy, Photo Gallery, UK, Yachting Business
After struggling in the market for a few years Sealine, the British-based motor boat and luxury yacht manufacturer has been put up for sale by the Oxford Investments Group, its California-based US owners, less than two y...

Government Comes to Princess’ Aid

April 18 - Economy, Finance and Insurance, Motor Boats, Photo Gallery, Superyachts, Yachting Business
Princess Yachts can now start spending a grant from the UK government given nearly two years ago to finish the construction sheds for its M Class of superyachts. The news came last week when Vince Cable, the UK secretary...

Chinese wealth offers an enticing market

February 4 - China, Economy, Photo Gallery, Rest of the World, Superyachts
Ahead of the Hainan Rendevous, which begins on 31st March 2013, there have been contradictory signals coming from the superyacht industry as to the potential of the Chinese and Asian markets, judging by recent reports. &...
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