China Yacht Market Set to Grow at 13% Cagr During 2012-2017 Says TechSci Research Increasing number of high net worth Individuals (HNWI), favorable government policies, and low cost of production are contributing to the growth of yacht market in China. Several foreign players are now manufacturing yachts in China to lower their costs of … Read more
More than 100 new boats are on their way to this year’s Festival de la Plaisance de Cannes – Cannes Boat Show. The ultimate yachting rendez-vous (Tuesday 10th – Sunday 15th September 2013) is Europe’s leading in-water boat show and the first international show on the boat show calendar. Festival de la Plaisance de … Read more
Top Ten Recreational Boating Safety Tips. Though the statistics are concerning, the risk of boating injuries and accidents can be minimized. According to the U.S. Coast Guard, the vast majority of reported incidents involved factors that were within the control of boat operators. ACE Recreational Marine Insurance, one of the largest recreational marine insurance providers, has … Read more
Let the races begin: The Louis Vuitton Cup held July 4 – August 30, 2013, will determine the challenger in the America’s Cup. Like the seven previous regattas, the 8th Louis Vuitton Cup, a yachting competition connected with the America’s Cup, offers an element of surprise. The three competing teams, Artemis Racing, Emirates Team New … Read more
“Wanda’s acquisition of Sunseeker is strategic.” Although the private yachting market is in its early stages in China, this industry is growing rapidly. China’s consumption has been growing, with an exceptionally strong appetite in the luxury market. In 2012 China surpassed Japan as the world’s largest luxury market and by 2015 McKinsey & Co. predicts … Read more
In order to boost Greek yacht tourism, Greece state agency in charge of privatisation (TAIPED) announced the auctioning off rights to operate marinas. At a joint press conference of the agency and the Greek Tourism Ministry, the officials unveiled plans to launch six international tenders for Greek marinas by June. The first tender will include … Read more