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  • Former U.S. presidential yacht's ownership subject of lawsuit

    Posted: 5th February 2013 | Written by: Randall Chase, Associated Press

    The owners of the former presidential yacht Sequoia are asking a Delaware judge to prevent a lender from seizing it. Sequoia Presidential Yacht Group claims in a Chancery Court lawsuit filed late last week that FE Partners reneged on a $5 million loan agreement in a "dastardly" plan to take control of the historic vessel. Washington, D.C.-based FE Partners says the lawsuit is grossly inaccurate and without merit.
  • Italian boat-builders suffer from large taxes on yachts

    Posted: 4th February 2013 | Written by: Manuela Mesco, The Wall Street Journal

    Italy's campaign against tax cheats is starting to sink its €3 billion ($4 billion) boat-building industry, industry officials say. They say that by slapping a tax on large recreational boats, targeting boat owners for audits and searching yachts moored in Italian ports, the country's tax authority caused boat sales in Italy to fall as much as 25% last year. Of course, it doesn't help that the country is in recession and that bank financing for leasing pleasure boats has all but disappeared.
  • ICOMIA lobby for MARPOL Tier III changes to enter final stage

    Posted: 4th February 2013 | Written by: Don Hoyt Gorman

    Tony Rice, Secretary General of ICOMIA has made it clear that it’s unlikely superyachts will get an exemption from MARPOL Tier III emissions targets in 2016. Instead, as he begins the final phase of lobbying to amend the regulations, he says a delay in their onset for superyachts is more likely. “No one at this stage should be dreaming of an exemption,” Rice said by telephone when contacted about the latest developments in ICOMIA’s bid to amend maritime environmental regulations. “MARPOL Annex VI was a highly political, hard fought negotiation. No one is going to allow us to cause an unpicking of that regulation.”
  • 3 Continents for Extreme Sailing Series™ 7th season

    Posted: 1st February 2013 | Written by: Extreme Sailing Series

    Eight host venues spanning the Middle East, Asia, South America and Europe have been announced for the 2013 Extreme Sailing Series, marking the third year of truly global competition for the circuit first launched as a European only event in 2007. The Series’ award-winning Stadium Racing format will return to all seven of the intense stadium arenas from 2012 with Singapore returning as a venue after hosting successful test and exhibition events in 2010 and 2011. Eight iconic locations, on three continents.
  • Ken Hickling Speaks on ISS’s Ethics Initiative

    Posted: 1st February 2013 | Written by: Amy Halsted

    The ISS is pleased to announce that Ken Hickling, it's President, is a featured speaker at the 'Opportunities in Superyachts' conference on 5 March 2013 at the Westin Dragonara Resort, Malta. Ken’s topic, 'Establishing a Code of Ethics for the Superyacht Industry', updates attendees and the industry on the ISS initiative begun in 2012 and supported on the global scale. Since its introduction, ISS has kept the industry informed through a series of association meetings at Monaco, Fort Lauderdale and the Miami Show.
  • Costa Concordia captain hopes to sail again

    Posted: 31st January 2013 | Written by: Nick Squires, The Telegraph

    The former captain of the Costa Concordia is convinced he can one day return to the helm of a cruise ship, despite being under investigation for abandoning ship and causing the deaths of 32 people. Captain Francesco Schettino was asked on Wednesday whether he still harboured hopes of returning to sea and replied “Yes, certainly”. He was responding to journalists’ questions as he entered a court near Naples, where he is fighting his dismissal by Costa Cruises, the Italian company that owns the Concordia.
  • Blohm + Voss to focus on superyachts

    Posted: 30th January 2013 | Written by: Eyk Henning, FoxBusiness

    London-based private equity firm Star Capital Partners Ltd. is pursuing a deal that will allow it to turn one of the oldest German marine companies into a firm dedicated solely to building and repairing yachts for the super rich.
  • Poor weather hits Dusseldorf Show

    Posted: 30th January 2013 | Written by: IBI News

    Visitor numbers were down by 8.3 per cent on account of heavy snow and ice. The 2013 Düsseldorf International Boat Show closed on Sunday with visitor numbers down 8.3 per cent to 226,300 people. Poor weather meant that many were prevented from attending the show due to ice, snow and strikes at some of North Rhine-Westphalia’s largest airports.
  • Superyacht chefs talk about life on board

    Posted: 29th January 2013 | Written by: Paula Forbes, Eater.com

    Eight superyacht chefs spoke with Eater.com about cooking on the high seas. Much like private in-home chefs, yacht chefs are often the first people awake, cooking breakfast for both the passengers and the crew, and the last ones in bed at the end of the day. But it's not all long hours in a tiny galley: yacht chefs travel the world, stopping in ports from Cannes to Tahiti, exploring local produce and seafood along the way.
  • 37 South launch new charter website

    Posted: 29th January 2013 | Written by: Ellie Brade, SuperyachtNews.com

    Kiwi support agent and supplier, 37 South, has launched a new charter focused website - www.37southyachtcharter.com - for their private yacht charter division. Launched at the end of 2012, the site focuses primarily on the South Pacific and fills a perceived niche for local destination focused information for charter clients. The main 37 South homepage - www.37southyachts.com - has also been redesigned and relaunched on a fresh new platform.
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