Author: admin

Twin Vee PowerCats has completed the sale of its commercial property in Marion, North Carolina, previously intended for a manufacturing facility for its subsidiary, Forza X1. The $4.25m sale was finalised on 31 October 2025, with the company confirming that the transaction will strengthen its balance sheet. Twin Vee reported that no debt, loans or…

The European Commission’s Sustainable Transport Investment Plan (STIP), released yesterday (5 November 2025), has become the first EU transport strategy to explicitly include recreational craft. The European Boating Industry (EBI) has welcomed the plan, which outlines a technology-neutral pathway for decarbonisation in the sector and recognises recreational boating as part of Europe’s wider green transition.…

Malibu Boats Australia, a manufacturer and seller of watersports towboats, has reportedly been listed as the target of a ransomware incident by the Qilin group, a Russian-speaking ransomware gang. The company, which has operated in Australia for around three decades and forms part of the wider Malibu Boats organisation founded in California in 1982, was…

Iris Innovations has launched Photon, a compact 4K night vision camera designed to improve visibility and safety during low-light marine navigation. The company says the model is intended to make night-time operation accessible across a range of vessels, from leisure craft to commercial and law enforcement applications. Photon delivers full-colour imagery in near-dark conditions without…

Castoldi, an Italian manufacturer of waterjet drives and luxury tenders, has named GLI Yachts as its exclusive distributor for tenders in Australia. GLI Yachts, which is based on the Gold Coast in Queensland, will handle the tender sales and service business for the Australian market. GLI Yachts brings extensive expertise and regional knowledge to the…

The Inland Waterways Association (IWA) reports that three quarters of Britain’s canals face financial insecurity, as navigation authorities deal with reduced funding and increasing climate-related pressures. New mapping produced by the organisation indicates that 99 per cent of the country’s 5,000-mile network of canals and navigable rivers is expected to experience higher winter rainfall and…

Garmin has announced the launch of its new GPSMAP 9000xsv series, expanding its flagship range of multifunctional displays. The new series, available in 10-, 13-, and 17-inch touchscreen models, is designed for users seeking performance and integration at the helm.  The 9000xsv lineup features integrated xChirp traditional sonar and UHD scanning sonar for detailed underwater…

The United States and Canada pavilions will share a joint space in Hall 12 at Metstrade 2025, marking the first time the two national exhibits have been co-located. The combined presence will include 75 companies, seven of which are new exhibitors, representing North American marine innovation and manufacturing. The North America Stage — organised by…

Electric propulsion specialist ePropulsion is transitioning to a direct presence in the market through the formation of ePropulsion Deutschland. After working with Ditoma GmbH successfully for a decade, the newly established ePropulsion Deutschland GmbH will now manage operations in Germany. This move marks a strategic shift towards closer global integration under the direct leadership of ePropulsion…

Groupe Beneteau reported revenues of €171m for the third quarter of 2025, down 3 per cent at constant exchange rates, following a 27 per cent contraction during the first half of the year. Order intake increased by 33 per cent during the quarter, supported by the company’s strategy to accelerate new model launches despite a…