Sunseeker has agreed to pay a fine of $200,000, and to implement a compliance plan, among other penalties, says the Department of Justice (DoJ) after admitting to using illegally obtained Burmese teak on yachts imported into the USA. The firm is due to be formally sentenced on 20 August. According to the DoJ, Sunseeker pleaded […]
Shareholders at Italian yacht builder Ferretti Group have backed China’s Weichai Group, and confirmed the departure of CEO Alberto Galassi after 12 years in the role. The vote, which took place during the ordinary shareholders’ meeting in Milan on 14 May, saw more than 52 per cent of votes cast in support of the Weichai-backed […]
A significant consolidation is reshaping the synthetic decking sector as Flexiteek International brings its Danish distributor, Flexiteek Denmark, directly into the group. The move tightens an already long-standing relationship and signals a more unified global strategy aimed at scaling production, installation capability and OEM support across key marine markets. Flexiteek Denmark now joins established operations […]
“People have forgotten what a boat should feel like,” says SE Yachts director Simon Rosier. For him, a shift towards performance-led boating sits at the centre of a wider debate about the future direction of premium boating, as some builders continue prioritising interior volume and marina living, while others focus on seakeeping, efficiency and onboard […]
French boat support and cradling manufacturer Nautipark says its first appearance at Seawork this June is part of a wider move to build direct relationships with professional customers in the UK and Ireland at a time when many operators are planning investment decisions for the final quarter of the year. “Seawork will be our first […]
With the opening of a new production facility in Casarza Ligure, Frigomar says it has significantly expanded its operational capacity as well as consolidated the manufacturing of Chillers (CU Series), Self-Contained units (SCU), and fan coils (AH Series). “We have grown more and more in recent years and we made the decision to invest in […]
ESEA, an electric boat company founded in Menorca, Spain, has outlined its long-term plans, following the completion of its initial seed funding round. According to the company, the investment will support further development of ESEA’s product range, expansion of its team and changes to production and supply chain operations. The company says it is developing […]
Ancasta International Boat Sales has appointed powerboat specialist David Jones as a sales broker at its Lymington office, strengthening its motorboat expertise in the Solent region. Based at Lymington Yacht Haven, Jones joins the brokerage with over 40 years of marine industry experience. His career includes a 25-year tenure as a senior broker and sales […]
US federal prosecutors have charged UK-based yacht builder Sunseeker International Ltd and its US subsidiary, Sunseeker USA Sales, with environmental offences linked to the use of teak sourced from Myanmar. The charges follow an investigation by the London-based Environmental Investigation Agency (EIA), which says it first identified Burmese teak in Sunseeker’s supply chain in 2018. […]
British sailor Andrew Bedwell is preparing for another attempt to cross the Atlantic in a vessel he hopes will become the smallest boat ever to complete the journey. Bedwell’s previous attempt came to an abrupt end in 2023 after his vessel, Big C, was damaged before launch. The 1.19m boat was dropped onto concrete while […]
According to a new report produced by Deloitte in partnership with Confindustria Nautica (the Italian Marine Industry Association), the global market for new build boats reached €33.3 billion in 2025, down 2.1 per cent from 2023-2025. The report indicates that the Italian boatbuilding industry has outperformed the global market trend (with an increase of around […]