Sunseeker International, based in Dorset on the UK south coast, has confirmed that a consortium led by KCP Holdings, in partnership with Lionheart Capital, is set to become the new owner of the company following completion of a debt purchase from existing lenders. The transaction, which includes an agreement to acquire 100 per cent of […]
Following the US-Israel strikes launched in Iran on Saturday (28 February 2026), Iran has retaliated with a wave of attacks across the region. On Monday (2 March 2026), US Secretary of State Marco Rubio said “the hardest hits” on Iran are “yet to come”. The widening conflict has sent oil prices soaring and caused travel chaos […]
Finnish boatbuilder Saxdor Yachts has been acquired by US giant Malibu Boats, in a deal valued at approximately €150 million (USD $175 million). Saxdor will operate as a subsidiary of MBI while maintaining its brand identity and operational autonomy. Founder Sakari Mattila remains head designer Founded in 2019, Saxdor confirms it will continue to operate […]
Twin Vee PowerCats, a US-based manufacturer, distributor and marketer of power sport boats, has reported its financial results for 2025. For the year ended 31 December 2025, net sales were $14.8m, up 3 per cent from $14.4m in 2024. Gross profit was $1.26m, representing a gross margin of 8.5 per cent, compared with a gross […]
Canadian marine technology company iNav4U has launched a Nordic subsidiary, iNav4U Nordic AS, in Norway, establishing a permanent base in Scandinavia and extending its operations across North America and Europe. The subsidiary will cover markets in Sweden, Norway, Denmark, Finland and Iceland. It will also introduce Zora 3.0, the company’s open operating system for yachts, […]
Amaala Yacht Club in Saudi Arabia has formed a long-term strategic partnership with We Are Foiling to attract the sport’s most innovative athletes and events. Foiling is one of performance sailing’s fastest-growing disciplines. Amaala Yacht Club and We Are Foiling’s (an ecosystem of events and initiatives connected to foiling) idea is to position Amaala as […]
GT Wings, the manufacturer of wind propulsion systems to the commercial shipping industry, has secured Lloyd’s Register verification of sea trials performance assessment methodology for its AirWing Jet Sail system. The verification follows ten months’ deployment of GT Wings’ AirWing technology onboard MV Vectis Progress, a general cargo vessel operated by Carisbrooke Shipping. GT Wings […]
Rolls-Royce Power Systems has posted strong 2025 results as the company’s corporate turnaround continues. Following its latest financial reporting its share price has surged. Driven primarily by strong demand for energy supply solutions for large data centres and the dynamic defence business, the company increased its adjusted revenue to €5.72 billion (£4.89 billion) in 2025 […]
The Fairline Targa 47 GT and Fairline Targa 50 Edition will make their UK debut at this year’s South Coast & Green Tech Boat Show, running 8 to 10 May. Continuing its reputation as a launch platform for standout new models, the show – held at Ocean Village Marina in Southampton – will welcome both […]
Swedish electric watercraft manufacturer Roxen Innovations will begin serial production of its electric personal watercrafts in April 2026, marking a key milestone for the company. Roxen reports that 40 units have been secured through pre-orders ahead of production commencing. Roxen targets 200-unit output in first production year After extensive development and testing, Roxen confirms it […]
Yachts planning a South Pacific season stop in New Zealand will now have clearer guidance on entry requirements, following the release of an updated temporary import of small craft guide backed by NZ Marine and New Zealand Customs. NZ Marine, with the support of New Zealand Customs, has recently produced the updated version, which can […]