Sanlorenzo and UniCredit announce credit deal worth €20m

Sanlorenzo and UniCredit announce credit deal worth €20m

Sanlorenzo and UniCredit have signed an agreement for a credit line of €15m aimed at supporting companies within the shipbuilder’s production chain. The agreement allows immediate access to liquidity, funds will be available to Sanlorenzo suppliers first to finance their

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Flagship: Changing public perception

Flagship: Changing public perception

The public perception of superyachts has been shaped through a seemingly endless array of Bond villains, Jordan Belfort (The Wolf of Wall Street) or Tenet — the plaything of the super rich nestled in the French Riviera. The mainstream news

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Flagship: Diversity, how far have we come?

Flagship: Diversity, how far have we come?

Superyachting has, by its own admission, been slow to diversify its workforce. A typical yacht still features a predominantly Caucasian crew, with women working inside and men out on deck. However, over the past 10 years ripples of change have

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Year extension on double VAT charge for British yacht owners

Year extension on double VAT charge for British yacht owners

British superyacht owners with boats moored in EU waters have been granted a stay of execution after the UK government delayed plans to force them to pay a double VAT charge on their vessels after Britain leaves the EU. Customs

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Flagship: Virtual Reality ‘A Tool For Growth’

Flagship: Virtual Reality ‘A Tool For Growth’

Virtual Reality, also known as VR, is revolutionising how many of us enjoy entertainment and has been used to train astronauts, surgeons and even superyacht crew. Now, in a post-Covid-19 reality, VR has the potential to further benefit the superyacht

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Flagship: No show for yacht show, what’s the impact?

Flagship: No show for yacht show, what’s the impact?

Yacht show cancellations worldwide have left a calendar empty of almost all face-to-face events for the remainder of the year. One notable exception is the Fort Lauderdale International Boat Show, due to take place between October 28th – November 1st.

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MarineMax acquires SkipperBud’s, expanding to 20 new locations

MarineMax acquires SkipperBud’s, expanding to 20 new locations

MarineMax has acquired marine service company, SkipperBud’s, and its affiliate, Silver Seas, ex-panding MarineMax’s service area to 20 new locations. The move will “deepen the North-South-West connection [in the US] for both organisations and their customers”. With the acquisition, MarineMax

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Flagship: New Superyacht Eco Association Index set to make its mark

Flagship: New Superyacht Eco Association Index set to make its mark

The imminent global threat of climate change brings a rising tide of natural disasters, dwindling resources and disappearing species that requires action from all industries to curb. Superyachting is no different. Marine traffic is responsible for 18% of global emissions

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New Zealand’s closed borders ‘creating financial loss

New Zealand’s closed borders ‘creating financial loss

New Zealand’s closed border policy to guard against Covid-19 is creating significant financial losses to its superyacht sector, warns Duthie Lidgard, MD Catalano Shipping Services NZ. While the country has been relatively successful in combatting the virus, there is an

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GYG reports ‘positive momentum’ despite Covid-19

GYG reports ‘positive momentum’ despite Covid-19

Superyacht painting, maintenance and supply firm, GYG has released its interim results for the first half of 2020. The firm, which trades primarily as Pinmar, Pinmar Supply, and Technocraft, said it has positive momentum with a record order book going

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