GYG – Revenue increased, short-term debt racks up

GYG – Revenue increased, short-term debt racks up

Superyacht painting and maintenance firm GYG increased its annual revenue and cut non-current debt in 2017. But this latter figure overlooks the fact that short-term debt, particularly trade creditors, increased sharply. The company listed on London’s Alternative Investment Market (AIM)

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A Regal Recovery – Princess Yachts

A Regal Recovery – Princess Yachts

Princess Yachts is back in the black, with a record-breaking £770 million ($1 billion) orderbook – the highest in the company’s history. Even with an orderbook up 20% from 2016, Princess is not resting on its laurels. Princess also hinted

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Privilege Shipyard up for auction

Privilege Shipyard up for auction

Italian boatmaker Privilege Shipyard has been put up for auction almost three years after the yard’s CEO and one board member were placed under house arrest on fraud charges in 2015. The 12ha shipyard in Civitavecchiais is now listed on

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Tankoa sells S502 Elettra

Tankoa sells S502 Elettra

Designed by Florence based Francesco Paszkowski, the second fifty meter Tankoa under construction model S502 Elettra is in terms of style a sister-ship to the first 50 meter “Vertige” delivered last summer. As onboard “Vertige”, she reveals a balanced and

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Imperial and Nobiskrug partner to build custom 77 metre

Imperial and Nobiskrug partner to build custom 77 metre

Imperial is proud to announce the signing of a new 77-metre length superyacht in collaboration with the reputed German shipyard Nobiskrug. Our company will act as owner’s representative and build supervisor of this vessel scheduled for delivery on Spring 2021.

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Croatia ports profiting, but for how long?

Croatia ports profiting, but for how long?

Croatian ports saw profits rise 11.2% last year, reaching 855 million Kuna ($141.3 million), but seems set to fall. The total income from Croatian ports was 855 million Kuna in 2017, with 70% (598 million Kuna) of the total being

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Oyster Yachts getting back on track

Oyster Yachts getting back on track

Oyster Yachts’s new owner, Richard Hadida, is looking to kickstart the shipyard’s production at its two main bases. The gaming entrepreneur announced on Twitter that Oyster has begun a recruitment drive just a month after he bought the ailing shipyard

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When will the Chinese superyacht market take off?

When will the Chinese superyacht market take off?

China has been a growing market for business jets, commercial aviation and helicopters for several years. However, the world’s second-largest economy has yet to witness comparable growth in superyachts. Talk of China as an emerging superyacht market really kicked off

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