After a successful launch last month, Yamaha is extending the deadline of its WaveRunner You Finance campaign until 30 June 2024, with additional models to be included in the offer. Partnering with Santander UK, Yamaha’s latest WaveRunner You Finance campaign is designed to give watersports enthusiasts the chance to get their hands on selected new […]
Aquator Marine and Centtrip have formed a new partnership to help simplify the financial challenges faced by yacht owners and crew with a new range of services tailored for yacht management. Aquator Marine, headquartered in Singapore, is a leading provider of yacht management software. London-based Centtrip, which has offices in Amsterdam and Fort Lauderdale, specialises […]
German boat builder, SAY GmbH, has filed for insolvency, according to an official statement released by the CEO, Karl Wagner. The process commenced on 23 January 2024, due to a slower than expected growth in sales following its recent investment to expand SAY boat models. During the phase of insolvency, SAY Carbon Yachts says it […]
Salt – a start up which says it simplifies the complex process of boat buying – says it has closed its over-subscribed, pre-seed funding round. The company aims to deliver an app to facilitate boat buying and is looking at an expected product launch in the autumn of 2022. It’s hoping to create an entirely […]
Marine Products Corporation has reported a 7.6% increase in net sales compared to the previous year, in its unaudited results, for the final quarter of 2021. The increase was due to a 21.1% increase in the average selling price per boat, partially offset by a decrease of 11.1% in the number of boats sold. Average […]
Centtrip, the global fintech providing expense management and card payment technology, has announced its launch in the United States, with a particular focus on the marine and yachting industry. As part of the expansion, Centtrip has opened an office in Miami Beach, Florida, and plans to expand its US based team in the coming months. The […]
A group of industry experts including system and marine engineers, data analysts, and innovation funding experts, yesterday launched Swell, the marine industry’s first and only R&D tax credit and grants specialists. Swell aims to accelerate change and bring innovation and technology to market quicker as the marine sector transitions to a circular, net-zero economy. Swell’s team […]
Concordia Damen has launched the BesteVaer Capital Fund. This fund, it says, will facilitate the purchase of new and/or used inland vessels, thereby stimulating movement within the inland marine transportation sector. An online business plan tool offers Damen’s customers – on a non-obligatory basis – the possibility of having a customised business calculated for a […]
Damen Shipyards Group is starting a specialised financial services division, from 1 April 2021. It says this unit will support its clients in financing new ships by means of both operational and financial lease constructions. Damen has assisted its clients in attracting financing for new ships for thirty years. “However, the demand for lease solutions […]