Category: Uncategorised

Zparq, a Swedish firm developing electric drivetrains, has secured €5.5m in EU funding to advance its Z10 platform. The funding, combining a grant and equity investment, will support the company’s work to scale production on its Z10 electric marine drivetrain. The company is among 40 European startups selected for the EIC Accelerator programme, which targets…

The inaugural African Boating Conference opened to a full audience at the V&A Waterfront in Cape Town yesterday (21 October 2025), bringing together delegates and speakers from across the global marine industry. The two-day event is focused on collaboration, professional standards and growth opportunities within Africa’s maritime economy, with sessions covering marine manufacturing, insurance and…

The paint and coatings manufacturer AkzoNobel has published its financial results for the third quarter of 2025. Chief executive officer Greg Poux-Guillaume says: “We’ve had a resilient third quarter, with profitability up to 15.1 per cent on disciplined pricing and continued benefits from our SG&A and industrial excellence programmes. “Despite continued macro-economic softness and the…

The organisers of the Genoa International Boat Show have confirmed the dates for the 66th edition of the event, which will take place from 1 to 6 October 2026.  Piero Formenti, president of the Italian Marine Industry Association, comments: “The Genoa International Boat Show continues to expand, innovate and confirm its role as a strategic asset…

Volvo Group reported net sales of SEK 110.7bn ($12.2bn) for the third quarter of 2025, down 5 per cent year on year, with an adjusted operating income of SEK 11.7bn ($1.3bn) and a margin of 10.6 per cent. Adjusted for currency, overall group sales rose 1 per cent. President and chief executive Martin Lundstedt says:…

US yacht sales and service firm Galati Yacht Sales has transferred full beneficial ownership of the company to its employees through an Employee Stock Ownership Plan (ESOP). The firm says the change aims to maintain the company’s continuity while also allowing employees to hold shares in the company. Founded in 1970 on Anna Maria Island,…

Turkish yacht builder Sirena Yachts has appointed Virage Yachts as its exclusive UK dealer, as it continues to expand its presence across Europe. Ross Donohoe, international sales manager at Virage Yachts, says: “We are honoured to have been appointed as the official UK dealer for Sirena Yachts. This partnership strengthens our long-standing relationship with this…

Catalina Yachts has paused production to “reorganise its operation.” The US boatbuilder, which was established in 1969 and acquired by Michael Reardon in May 2025, is known for producing cruising and performance sailboats.  In a statement, Patrick Turner, president of the Florida-based shipyard, says the “temporary production pause” is being implemented while the company reorganises…

A sailor has been rescued after a 16ft sailing vessel capsized in rough seas, south-west of The Needles lighthouse off the Isle of Wight, on England’s south coast. Emergency services were alerted shortly before 11am on Saturday (18 October 2025) after the vessel’s sole occupant issued a mayday call. In sea conditions described as “challenging”,…

Torsten Müller-Ötvös, former Rolls-Royce CEO, joined Oyster Yachts this year. Here, he chats to editor Chantal Haines about the potency of brand positioning and what the marine sector can learn from the automotive world. When Oyster Yachts announced in May 2025 that Torsten Müller-Ötvös would join as strategic adviser, it marked a significant step for…