‘I am truly sorry’: X Shore founder comments as firm files for bankruptcy
Swedish electric boat manufacturer X Shore AB has filed for bankruptcy, in a move that takes effect today (29...
Marine finance
US bill introduced to cut taxes on recreational boat loans
South Carolina Republican Congresswoman Nancy Mace has introduced the ‘No Tax on Boat Loan Interest Act of 2026 (H.R.7222)’,...
Polaris reports Q4 and full-year 2025 results
US-based Polaris Inc – parent company of the Hurricane, Godfrey and Bennington boat brands – reported its fourth quarter...
Weichai rejects KKCG offer for Ferretti Group
Ferretti Group’s largest shareholder, Weichai Group, has rejected a partial bid for the Italian yachtbuilder by its second-largest investor....
Kuwaiti investor takes stake in Ferretti Group
Kuwaiti businessman Bader Nasser Al-Kharafi has acquired a three per cent holding in Italian luxury yacht manufacturer Ferretti Group,...
Ferretti investor reportedly makes moves to oust board’s Chinese directors
Ferretti SpA’s second-largest investor, KKCG Maritime, is launching a voluntary offer, worth up to €182m, to double its stake...
Vision Marine reports revenue gain and net loss in Q1 2026
Canadian electric propulsion company Vision Marine Technologies has reported its financial results for the three-month period ended 30 November...
Peters & May reports increased group performance for 2025
British shipping and logistics firm Peters & May has reported increased group turnover in 2025. The company reports growth across...
Vision Marine reports FY 2025 results after Nautical Ventures acquisition
Electric boatbuilder and outboard manufacturer Vision Marine Technologies has reported its financial results for the fiscal year ending 31 August...
French lawmakers vote to retain controversial superyacht tax
French lawmakers have voted to maintain a ‘superyacht tax’, keeping in place a levy that has reportedly produced only...
Flux Marine raises $15m to scale electric propulsion technology
US marine propulsion firm Flux Marine has announced a $15m funding injection to scale production of its all-electric marine...
