Ever since the great recession in 2007, the yachting industry has seen a series of mergers and acquisitions with many smaller yacht businesses being incorporated into the world’s largest yachting corporations. Chinese conglomerates have bought ownership in many of well-known yacht builders, while industry leaders in America and Europe continue to diversify by acquiring other companies. The month of July saw two yacht business acquisitions.
The coronavirus pandemic has affected the global economy and industries across the board. The yachting industry is no different. With travel restrictions in the Caribbean and Mediterranean putting a pause on the season, COVID-19 has had major effects on the industry and those working in it. A few industry professionals and leading influencers have talked about the changes they see happening in the industry due to the global health crisis as well as growing yachting industry concerns.
All businesses and industries around the world have been affected by the global coronavirus pandemic and the yachting industry is no exception. Perhaps one of the most immediate effects of the COVID-19 outbreak is the number of yachting industry events that were either canceled or postponed in response to COVID-19 health and safety concerns.
The Fort Lauderdale International Boat Show (FLIBS) is an international event taking place in our own backyard. This event brings yachts, boats, trawlers, and vessels of all shapes and sizes to Fort Lauderdale’s Intracoastal Waterways. If you’re planning on attending the 2019 Fort Lauderdale International Boat Show, check out our guide for this international event.
Whether you’re hitting the water and buying a new boat or you’re looking to learn more about the latest developments in the marine industry, there are plenty of South Florida boat shows to drop anchor in 2019. There are plenty of boating events in Palm Beach, Fort Lauderdale, St. Petersburg, and beyond. Check out some of our favorite boat shows.
Yachts are more than the perfect way to reach vacation destinations or fish in pristine waters. Yachts and boats offer the perfect vantage point to enjoy 4th of July fireworks. Many yacht owners take things a step further by hosting a yacht party for 4th of July. Our MAN engine rebuild company shares safety tips for celebrating the holiday safely.
So, you’re looking to buy a used boat, but you’re not sure about the hours it has. Or, you’re taking care of your new boat and you have no idea what hours mean in terms of intervals for diesel engine maintenance and repairs. Marine engine hours are the hours your engine has been running since it was new. Many newer engines have a gauge for hours, much like one that shows you miles sailed. For older boats, you will need a computer to pull the marine engine hours.
Fort Lauderdale is known as the Venice of America, thanks to its intracoastal waterways and interconnected canals. From October 31 to November 4, the city will host over 1,200 exhibitors with over 1,000 boats on display at the Fort Lauderdale International Boat Show. Our team at Marine Diesel Specialists is happy to participate in this South Florida boating event.