West Marine will press ahead with a financial restructuring after receiving no qualified offers for its assets, bringing the prospect of a sale through its Chapter 11 bankruptcy process to an end. The US boating and fishing retailer has notified the US Bankruptcy Court for the District of Delaware that no eligible bids were submitted […]
A historic schooner that once served as a racing yacht, Coast Guard vessel, research ship and floating restaurant has sunk while moored in Red Hook, Brooklyn, New York. The cause of the sinking is still unknown. The 102-year-old Pilot went down overnight on 1 July 2026 at a maintenance berth in the Henry Street Basin, […]
Dutch boatbuilder Oceanco has acquired Winel, a specialised Dutch marine and offshore equipment manufacturer. The move brings Winel’s engineering expertise into the group, which also includes Alewijnse, Aluship, Lateral and Mercury. Winel produces custom-made and standardised products for the maritime sector through its businesses Staalart and Yachtsupport. Its product range includes tank vent check valves, […]
US-based long-range cruising yacht builder Kadey-Krogen Yachts has filed for bankruptcy, bringing new production to an end after almost five decades in business. The Portsmouth, Rhode Island-based company filed a voluntary Chapter 7 petition on 6 July 2026 in the US Bankruptcy Court for the District of Delaware under case number 26-11065-BLS. Parent company KKY […]
The International BoatBuilders’ Exhibition and Conference (IBEX) has appointed three new team members to roles across education, sales and marketing. The appointments see April Bruffy-Metzger join as experiential and digital sales manager, Dana Howe as education and content manager and Madison Ambrose as marketing specialist. Bruffy-Metzger brings 25 years of experience in media and sponsorship […]
A Plymouth boat refit company, established by two ex-Princess Yachts employees, has gone into liquidation, with debts of more than £600,000 likely to remain unpaid. Yacht Solutions Europe Ltd, based at the Turnchapel Wharf marine business park, specialised in marine refit and repair services including yacht engineering and retrofitting, plus custom carpentry and upholstery. The […]
RAD Propulsion, a UK-based developer of electric marine propulsion systems, has completed a £4.4m funding round to support the development of autonomous vessel technologies for defence and commercial applications. The funding round was led by Mercia Ventures and follows a period in which the company and introduced Axon, its open systems architecture for uncrewed and […]
German electric propulsion manufacturer Molabo and Team Malizia have extended their technical partnership with the integration of a second Molabo hybrid-electric propulsion system into Malizia’s newly launched IMOCA yacht. The new installation builds directly on the data and operational experience gained from the first Molabo system deployed aboard Malizia-Seaexplorer. According to Team Malizia technical consultant Jesse Rowse, […]
Aviation and luxury services specialist Sparfell Group has acquired a strategic equity stake in Neo Yachting, marking a formal partnership between the two luxury asset management firms. The move is designed to expand Sparfell’s international footprint as a provider of fully integrated services to high-net-worth clients. Founded and led by Nicolas Valin, Neo Yachting brings […]
Moniga Porto Nautica, one of the leading full-service marinas on Lake Garda, is now part of Balmaris, a newly established collection of boutique marinas across Europe. Balmaris has been established by Baltisse, the investment holding of the Balcaen family, with Moniga Porto Nautica marking the first acquisition of the newly established marina group. Balmaris has […]
Brabus and AB Yachts, part of Next Yacht Group, have announced a partnership to develop a new range of luxury yachts under the Brabus name. Brabus is a German-based brand specialising in high-performance tuning and luxury mobility. The first model from the partnership with AB Yachts is due to make its world debut at the […]