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 […]
Should marine industry associations move away from tribal protectionism and work more closely together to deliver value for members already under pressure from rising costs and multiple subscription demands? According to Sarah Wallbank, chief executive of August Race Group and chair of British Marine South West, greater collaboration across marine industry associations will be increasingly […]
With the 1 June 2026 deadline fast approaching, the BoatUS Foundation for Boating Safety and Clean Water has issued a final call for speakers for its upcoming Turning the Tide summit, scheduled for 6–9 December in New Orleans. The event will convene government agencies, marine industry professionals, environmental experts, and waste management leaders from across […]
Optima Electric Yachts has announced it is seeking new ownership to transition its ultra-efficient hull technology into commercial production. The move is designed to unlock the company’s next growth phase within the rapidly evolving zero-emission marine sector. Backed by more than five years of R&D and £1.6 million in innovation grants, Optima has engineered a […]
MDL Marinas is hosting three major rounds of the 2026 UK Offshore Powerboat Racing Association (UKOPRA) Championship across its South Coast marina network. The inaugural MDL Marinas Ocean Village Cup will take place on 4 July. That’s supported by Approved Boats. Then, on 25 July, the championship heads to Mercury Yacht Harbour, Hamble. The opening […]
For years, marine industry advertising followed a familiar formula. A company booked a print advert in a trade title, secured a stand at a major exhibition, issued a press release announcing a new product and hoped enough visibility would generate enquiries. That approach still exists, but the market around it has changed. Today’s marine buyers […]