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Italy’s Apreamare shipyard has sold a 60 per cent stake of its share capital to Italian private equity firm Riello Investimenti SGR. The acquisition was made through the Italian Strategy Private Equity fund, the third fund managed by Riello Investimenti SGR, which currently holds 11 acquisitions, including three add-ons. As part of the agreement, Cataldo…

Turkey has introduced an 8 per cent Special Consumption Tax (SCT/ÖTV) on yachts, motorboats and other leisure vessels, ending a long-standing exemption that had allowed luxury marine vehicles to remain tax-free. The measure, announced in a presidential decree and published in the Official Gazette, takes effect immediately. The new levy applies to a wide range…

Highfield Boats, a manufacturer of aluminium rigid inflatable boats (RIBs), has announced a new governance structure to support its growth and development plans. Julien Carussi, co-founder, co-owner and current CEO, will transition into the role of chair, focusing on long-term strategy and industrial expansion for the China-based boatbuilder. Paul Blanc has been appointed chief executive…

MennYacht Group, Ferretti Group’s long-standing regional dealer, has expanded its network with the launch of MennYacht GG Poland, appointed as exclusive dealer for Ferretti Yachts, Pershing and Itama in the Polish market. The move is the result of a strategic joint venture with Gazda Group, a major player in Poland’s premium automotive sector for more…

In its press call this morning on the first day of the 2025 Cannes Yachting Festival, Groupe Beneteau confirmed customer demand for time on the water remains strong, even as global headwinds create uncertainty. Rising interest rates, high prices and inflation are among the factors the company believes could weigh on consumer confidence. Despite this,…

As the unofficial start of the boat show season, Cannes Yachting Festival offers boatbuilders the opportunity to – almost literally – set out their stall for the coming year. Here MIN sits down with boatbuilders and others to find out what’s exciting in their parts of the marine world and – of course – the…

“One of the strongest trends in the yachting industry today is the trend for luxury catamarans,” states Francis Lapp. But he would, being as he’s the founder and president of Sunreef Yachts – the Polish builder of behemoth catamarans (and only catamarans). Given the numbers which the company’s sold this year, and expected to next,…

Two boats have sunk and several others sustained damage following a fire at Premier Marinas’ Chichester Marina in Birdham, West Sussex, on Wednesday evening (3 August). Emergency services were called to the scene at around 21:15BST after explosions were reported on one of the vessels. According to Selsey Coastguard Rescue Team, the fire spread to…

Marina Port de Mallorca has renewed its concession and is embarking on a new chapter with sustainability and technological innovation set as central pillars of its management strategy. Located on Palma’s Paseo Marítimo and operated by IPM Group, the marina says its future roadmap will prioritise energy efficiency and environmental stewardship under the motto: ‘a…

Honda Motor has announced plans to relocate its global head office to the Yaesu District Redevelopment Area in Tokyo by the end of 2029. The office will be situated in the high-rise floors of a mixed-use building currently under construction near Tokyo Station. The move is part of the Yaesu 2-Chome Central District Category-I Urban…