Italy’s competition authority has opened an investigation into the Luise Group over allegations that it abused a dominant position in the management of superyacht berths and maritime agency services in the Gulf of Naples. Luise Group is a family-run Italian yacht agency and maritime services company based in Naples. The proceedings follow a complaint filed […]
Williams Grand Prix Technologies has entered the marine sector with the launch of the ES10M, a battery system developed for superyachts, support and explorer vessels, hybrid propulsion applications and refit programmes. It is the company’s first product designed specifically for the marine industry. Based in Grove, Oxfordshire, alongside the Atlassian Williams F1 Team, Williams Grand […]
Work to remove the masts from the SS Richard Montgomery will begin in early September, the UK government has confirmed, after plans from 2022 were delayed. The SS Richard Montgomery was an American Liberty ship, which ran aground on the Nore sandbank in the Thames Estuary in August 1944, during World War II. Despite attempts to remove […]
For Spirit Yachts, racing projects are increasingly acting as development platforms for the company’s future yacht designs, driving investment in hull development, carbon engineering and performance-focused design work. “When we talk about where money is being spent, a lot of the investment has gone into technology and design,” says MD Karen Underwood. That investment reflects […]
UK companies Archipelago Yachts and Chartwell Marine have completed a demonstration of a methanol-powered range extension system designed for electric vessels. According to the two firms, the system delivers an effective energy density approximately 10-12 times greater than current marine lithium iron phosphate batteries. The demonstration was carried out as part of the Innovate UK-funded […]
Twin Vee PowerCats has entered into a definitive agreement under which USFM Corporation, a developer of strategic mineral interests in Greenland, will merge with the publicly listed company while Twin Vee’s recreational marine business is separated into a privately held entity. Under the proposed transaction, a subsidiary of USFM Corporation will merge with Florida-based boatbuilder […]
Sailing yacht Zero has been launched in Harlingen, the Netherlands, after seven years of development, engineering and construction. The 68.9m yacht is designed to operate using harvested renewable energy and is intended to function without relying on fossil fuels while maintaining cruising capability. The project began in 2019 with Vripack responsible for the exterior and […]
Turkish boatbuilder Numarine has appointed Bogdan Gusarev as sales manager for the Europe and the CIS (Commonwealth of Independent States) region as part of changes to its international sales team. He joins the shipyard with more than a decade of experience in the explorer yacht sector. The nine active member states of CIS are Armenia, Azerbaijan, […]
Hurricane season may only just be beginning, but for marine insurers the rules have already changed. Across much of the sector, storm preparation is no longer viewed as good housekeeping – it’s becoming a prerequisite for obtaining affordable insurance. According to Seafarer Marine CEO Thomas Murphy, underwriters are increasingly rewarding businesses that can demonstrate resilience […]
MarineMax has partnered with AI marine technology company NextBoat to expand the reach of its Newcoast Financial Services subsidiary. “This partnership supports an important strategic objective for MarineMax to expand the reach of our higher-margin financing and insurance offerings,” says Brett McGill, chief executive officer and president of MarineMax. The US-based boat retailer says the […]
Sirena Yachts has launched its new flagship, the 36-metre Sirena 118, ahead of its world debut at the Cannes Yachting Festival 2026. “Seeing the Sirena 118 in the water for the first time is an immensely proud moment for everyone at Sirena Marine,” says Çağin Genc, CEO of Sirena Marine. The launch marks the first […]