Marine Industry News

Freedom Boat Club has reached its 35th anniversary. Founded in 1989, the Brunswick Corporation-owned firm has grown to operate over 400 locations across the United States and internationally, and now has a membership of more than 100,000. The boat membership club provides members with access to a range of boats without requiring ownership. Members can use a fleet of vessels at various locations, offering an alternative to traditional boat ownership. Reciprocal access to locations worldwide and training programmes are also included in membership benefits. #marineindustry #business #leisuremarine #sailing #clubmembership #motorboats Don't miss another story. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3

Catamaran builder Silent Yachts has engaged leading superyacht design firm Nuvolari Lenard to design a new generation of solar-powered catamarans. The first model penned by Nuvolari Lenard is currently under development, with an anticipated launch in 2026. Beyond this debut, the Venice-based studio will design all new Silent Yachts models up to 24 metres. Nuvolari Lenard is known for its work on some of the world’s most recognisable superyachts including the 106m Black Pearl, 122m Kismet and the muscular 141m Nord. #marineindustry #catamarans #leisuremarine #yachting #marinetech #business #superyachts #sustainable #enviroment Don't miss another story. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3

INEOS Enterprises has reached an agreement for the sale of its INEOS Composites division to KPS Capital Partners (KPS) for an estimated €1.7 billion upon completion. This transaction is positioned as a strategically attractive opportunity, aligning with the evolving market dynamics and growth potential of the composites business. INEOS Composites has combined sales of more than €800m per year and employs around 900 employees across 17 sites and three technology centres in Europe, north and South America, Asia and the Middle East. #marineindustry #sales #leisuremarine #marketing #marinetechnology #business Don't miss another story. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3

On 14 June 2024, Energy Observer completed her round-the-world voyage and arrived home to St Malo, seven years after setting sail. The Energy Observer laboratory vessel is the world’s first autonomous vessel to navigate the oceans using a mix of renewable energies and hydrogen produced on board from sea water. Founded by Victorien Erussard, a merchant marine officer and offshore sailor, Energy Observer sailed the globe with the aim of championing the sharing of knowledge and sustainable solutions for the future of our planet. Erussard gathered a team of sailors, scientists, engineers and journalists to travel onboard during the voyage and trials. #marineindustry #sailing #enviroment #sustainable #voyages #renewable #navigation #marinetech #engineers Keep up to date with the latest industry news. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3

The Saudi Red Sea Authority (SRSA) has issued three yacht chartering licences for the first time in Saudi Arabia. It says it is aiming to enhance coastal tourism services, support the tourism economy, and contribute to achieving the goals of Saudi Vision 2030. It announced its plans to accelerate its vision earlier this year, and is churning out a slew of milestones as it seeks to open up the Red Sea for marine tourism. However, the country continues to be vilified for its implementation of the death penalty, lack of women’s rights, and lack of freedom of expression. #marineindustry #tourism #leisuremarine #coasts #superyachts #business #economy #yachting Keep up to date with the latest industry news. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3

Following recent business developments, namely the integration of Simpson Marine and Nautor Swan, Sanlorenzo Yachts UK has announced its new organisational structure, both in terms of business units and top management appointments. Tommaso Vincenzi, as executive director of Sanlorenzo, will manage and coordinate the company through two steering committees. Those are the yacht, and the superyacht business units. The committees will be responsible for defining and implementing the main strategic guidelines and development projects of the two businesses. Latterly Vincenzi has been president of the yacht business unit. #marineindustry #superyacht #business #leisuremarine #development #yachting Keep up to date with the latest industry news. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3

Boat manufacturer Highfield Boats is expanding its boat assembly process in Wexford County, which features in an economic development project in Northwestern Michigan, announced by governor Gretchen Whitmer and the Michigan Economic Development Corporation (MEDC). Highfield’s expansion is expected to generate over $3.1 million in capital investment, creating 110 qualified new jobs with an average hourly wage of $24 plus benefits – $3.38 per hour higher than the regional media wage – with the support of a $990,000 Michigan Business Development Program grant from the Michigan Strategic Fund. #marineindustry #business #development #leisuremarine #marketing Keep up to date with the latest industry news. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3

Hanover Investors has announced it has sold its interest in Fairline Yachts to Arrowbolt Propulsion Systems. Arrowbolt is appointing Peter Hamlyn, former operations director of Fairline from December 2018 to January 2021, as CEO of Fairline. Hanover acquired Fairline in June 2021 via Hanover Active Equity Fund II. According to the United Kingdom Companies House records, Arrowbolt Propulsion Systems now holds 75 percent or more of the ownership of shares for Fairline Yachts. #marineindustry #yachting #leisuremarine #marketing #superyachts #business #motorboats #marinetech Keep up to date with the latest industry news. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3

A couple from London has raised over £130,000 to fund a new Royal National Lifeboat Institution (RNLI) lifeboat after visiting all 238 RNLI lifeboat stations across the UK and Ireland. Belinda and James Richardson undertook the challenge in their Porsche 911, aiming to secure funding for a new D class inshore lifeboat, a model frequently used by the RNLI in lifesaving operations. The funds raised will cover the cost of the lifeboat, contribute to its maintenance, and provide training and equipment for three volunteer crew members. The initiative marks the couple’s third fundraising project for the RNLI. #marineindustry #lifesaving #funding #lifeboat #fundraising #contributions #volunteers #traininf #safetyequipment Keep up to date with the latest industry news. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3

Global marine electronics brand Raymarine has partnered with technology firm WATCHIT by Aqua Marina Tech. The collaboration aims to improve boaters’ safety by integrating WATCHIT’s advanced anti-collision system with Raymarine’s Axiom chart plotters. Inspired by automotive safety technology, WATCHIT’s Smart Collision Prevention System uses algorithms and sensor fusion to analyse a boat’s existing data and provide timely collision warnings. The system offers an integrated solution for safety, from collision avoidance to grounding prevention. #marineindustry #business #marinetechnology #leisuremarine #navigation #collaboration Keep up to date with the latest industry news. Subscribe to our FREE daily newsletter: https://lnkd.in/di64Cnc3