Global paint and coatings giant AkzoNobel has rejected a conditional and non-binding proposal from Nippon Paint Holdings Co. and The Sherwin-Williams Company to acquire all issued and outstanding shares in the company for €73 in cash per share, excluding regular annual and interim dividends. The proposed offer represented a premium of around 39 per cent […]
A new study, conducted by Deloitte and Vrije Universiteit Amsterdam, reports that the superyacht sector generates approximately €54bn in total economic output worldwide annually – based on 2022 data – positioning the sector among the world’s most impactful maritime manufacturing ecosystems. The study was commissioned by the Superyacht Builders Association (SYBAss) and Superyacht Life Foundation […]
An RNLI rescue crew has experienced difficulties reaching their lifeboat station after designated emergency parking spaces were occupied during a rescue call-out on Sunday (24 May 2026). The volunteers were called out to reports of seven people, including four children, stranded on a sandbank near the entrance to Wells Harbour in Norfolk, on England’s east […]
Strong customer interest is helping support confidence among some leisure marine dealers despite a market where buyers are taking longer to commit, according to Sebino Yachts director Oliver Lanza, whose business is building the UK presence of Italian builder Bellini Yacht. Lanza, whose company is an authorised UK dealer for Bellini Yacht, says Sebino entered […]
For much of the leisure marine industry, Marpol has long been viewed as somebody else’s regulation – a framework for commercial shipping rather than marina operators or boat owners. But a growing conversation inside the sector suggests that assumption may no longer hold. In late March, Peter Wallbank, technical director at August Race and a […]
The Italian Sea Group (TISG) has outlined a turnaround plan that may include the disposal of non-core real estate assets as part of its ongoing restructuring process. The firm recently appointed a new CFO to oversee an audit, after launching a forensic financial investigation into ‘unauthorised’ overspending. Shares in the company fell by more than 37 per […]
European Boating Industry (EBI) and European Boating Association (EBA) have welcomed new guidance from the European Commission covering the customs and VAT treatment of recreational craft within the EU. The guidance note, published on Friday (22 May 2026), explains how EU customs and VAT rules apply to pleasure craft, and addresses issues linked to cross-border […]
Sweden’s Nimbus Group has appointed Mikael Mårtensson as chief financial officer, with a start date later this year and no later than 1 December 2026. Mårtensson succeeds Christian Johansson, who has been serving as interim CFO of the company since March 2026. “By appointing Mikael Mårtensson, Nimbus Group gains an experienced leader and finance executive […]
ExploMar has appointed SAS Opensea as its exclusive dealer across France, Monaco, Guadeloupe, Martinique, Saint Barthélemy and Saint Martin, opening the door to a major expansion across some of Europe and the Caribbean’s most influential boating markets. The agreement will see the launch of ‘ExploMar France’ through SAS Opensea, part of Vanguard Yachts Group, strengthening […]
World Boating Day 2026 has concluded with 143 events being held across 28 countries, involving shipyards, marinas, museums and waterfront destinations. The initiative launched in 2024 as a non-profit initiative intended to improve understanding of the leisure boating sector through local open days and public events. World Boating Day took place on Saturday 23 May […]
“We have a boat,” says Sir Ben Ainslie, team principal for GB1, the British challenger of record for the 38th America’s Cup. “We’ve always had a boat, contrary to popular opinion.” Now he says the team is “crackin-on” and making modifications, ready to launch. “I can’t tell you when we’re launching, but sometime in the […]