For the second time this year a ship has grounded at the mouth of Port of Silloth. The vessel, 89.88m cargo ship Bremen, under the flag of Cyprus, left Klaipeda in Lithuania on 2 May 2024. The incident occurred at 12:10 am on 8 May. Bremen, owned by the Baltic Shipping Company, is the second major ship to run aground at Silloth in the past three months after the Zapadnyy, a cargo ship, grounded in February this year. An ABP Spokesperson says: “We can confirm that there was an incident involving the grounding of a vessel at the Port of Silloth in the early hours of May 8. “The situation has be ..read more

Cantieri di Pisa is modernising and expanding its headquarters in Pisa, Italy. The facilities along the Navicelli Canal will soon occupy an area exceeding 50,000 sqm. The shipyard has invested €6m over the past two years, and says more will follow to expand and renovate the Cantieri di Pisa headquarters. These works are part of a multi-year plan to relaunch the historic brand, promoted by the new ownership, represented by Enrico Gennasio (who took over the shipyard in 2021) and CEO Marco Massabò. Gennasio and Massabò say they aim to return Cantieri di Pisa to the prestige of its past in collab ..read more

Not just for superyacht owners, water toys are becoming ubiquitous along shorelines. Earlier this week SYTT warned against the false economy of buying cheap products, and now iAQUA is offering a route to economy . . . via trade-ins. The company says that water toy owners can now utilise its new iAQUA trade-in scheme and purchase new toys at up to half price. The company calculates there are over 15,000 broken/unusable sea scooters currently on yachts, or in people’s homes, and is offering the scheme this summer. The firm will accept old or broken toys manufactured by Altivs APX, Seabob, SeaDar ..read more

Italian yacht supplier Sanguineti has reported a 48 per cent increase in revenue from 2022 to 2023, with its revenues forecast to triple by 2026. The firm, founded as an artisanal manufacturer of equipment for superyachts more than 65 years ago, is investing €3.5m in new machinery as it looks to expand its facilities and workforce. Sanguineti’s product portfolio encompasses gangways, multifunctional ladders, tender cranes and deck hatches, hardtops, doors, anchor gear and the Karin and Smeralda director-style chairs. Following the 2023 acquisition of Sanguineti by Quick Group, the company has ..read more

In 2021, Uncrewed Surface Vessel (USV) designer and builder, Sea-Kit International, was awarded the first ever Unmanned Marine Systems (UMS) certificate by Lloyd’s Register, representing a key milestone for the maritime industry. Certification is essential for the industry to provide a safety assurance framework. Since then, it says it’s received the most UMS certificates awarded to any company, and continues to push boundaries with the design and construction of USVs. But are they safe? According to Ash Skett, director of operations pictured above, the answer’s a definite yes: “thanks to mult ..read more

Man-overboard technology is an area that’s attracting increasing attention in the marine industry, says MARSS. The company – which terms itself a ‘global technology innovator’ – is actively pursuing the creation of an automated man-overboard system designed with the cruise industry in mind, and it’s been working on the solution for 14 years. It says it’s a novel solution to better detect and locate those who have fallen from a ship. MOB incidents happen regularly in the cruise industry. Nearly 400 people are reported to have gone overboard between 2000 to 2020, with around 18 to 20 incidents o ..read more

Lalizas, which manufactures lifesaving equipment such as lifejackets, life rafts, immersion suits, MOB systems and breathing apparatus, has acquired Revere Survival, a US-based manufacturer and distributor of liferafts (and other survival equipment) for the recreational and commercial markets. Lalizas is billing this as a move that marks a significant milestone in the company’s journey towards continued growth and expansion. The Greece-based firm had already developed a strong presence in the US market since 2018, when it acquired Lalizas/Alexander in Houston, TX (former Alexander/Ryan Marine ..read more

The president of Italy’s northwest Liguria region and the former head of Genoa port have been arrested as part of an anti-corruption probe. The arrests, which happened on Tuesday (7 May 2024), are part of a sweeping investigation that is also targeting numerous officials for Mafia ties. Genoa prosecutors confirmed in a statement that Paolo Emilio Signorini, who stepped down last year as head of the Genoa Port Authority, has been arrested on corruption charges and held in custody. Signorini became CEO of the energy group IREN last year. Liguria president Giovanni Toti, 55, a centre-right former ..read more

United States boat retailer OneWater Marine has announced results for its fiscal second quarter ended March 31, 2024. The Georgia-based firm’s revenue decreased 7 per cent in Q2 to $488m, while same-store sales decreased 5 per cent for the quarter, compared to an 11 per cent increase in the prior year period. The chain reports an increase in pre-owned boat sales of 4.3 per cent—attributed to the increase in pre-owned sales from trade-ins. “Our second quarter results were largely in line with our expectations and historical seasonality as we continue to outperform the industry,” says Austin Sin ..read more

Luxembourg-based private equity firm CVC Funds is to acquire up to 30 per cent of paints and coatings manufacturer Hempel. CVC has a network of 29 offices throughout EMEA, the Americas and Asia, and has approximately €186bn of assets under management. While the Hempel Foundation continues to be the majority shareholder in Hempel, CVC Funds will subscribe to new shares, equating to a stake in Hempel A/S of up to 30 per cent over time. Hempel acquisition Hempel says the investment will strengthen its ability to develop new, sustainable technologies and to execute potential acquisition opportunit ..read more