Saturday 6 September 08 - 07:08
 

Business Matters

  • Inheritance Tax – implications for business owners

    Business tax planning normally focuses on minimising income tax or corporation tax on profits, says Nicholas Hughes. But have you considered your position in the event of the death before retirement of a director, partner or shareholder?

     

Editorial Comment

  • Comment

    I’m getting a bit fed up with people who keep telling me we’re in a recession. Note that’s the first time I’ve used the word in an editorial comment. 

Insurance & Finance Advertorial

  • 'First half yearly results have been extremely positive...'

    Few would disagree that matters of a financial nature seem to have dominated press and media headlines recently. Market conditions are changing and it’s clearly a tough environment for businesses of all kinds. 

  • Haven Knox-Johnston offers unique marine insurance

    Haven Knox-Johnston has been specialising in the insurance of marine trade clients for the past 15 years. 

  • Bishop Skinner Marine – protecting against the insurance gap

    Most people will recognise the Bishop Skinner name in association with yacht insurance. But what most don’t know is that we also have a unique position in insuring marine based businesses as well. 

  • Considering an exit?

    Oyster Marine and Musto, both privately owned businesses, have been sold to private equity groups in the last 12months.The marine sector is however characterised by the large number of smaller owner managed businesses, which are often not big enough to attract private equity buyers. So what are the common options for exit? 

  • 'Small craft sector also developing...'

    James Roberts, head of Navigators & General, says the company has also noticed the tougher market conditions, but there are still growth opportunities in the insurance sector and demand for new quotes. 

  • 2008 shaping up to be a good year...

    According to Ian Braham, head of Lombard Marine Finance, 2008 is shaping up to be a good year for business. 'There has been some rationalisation of the marine finance market recently, with some banks either withdrawing from the sector or reducing their activities but at Lombard, we continue to invest in the business and turnover year to date is up 38% on the same period in 2007. 

  • Insurance and Finance Advertorial

    The latest news, views, products and services from Bishop Skinner, Lombard Marine Finance, Navigators & General, Prism Corporate Broking, Barclays Marine Finance, Haven Knox-Johnston and Towergate Mardon. Click here to go to the feature folder... 

  • Lock up your diesel and stern drives

    Despite the up beat attitudes the marine industry is adopting, it is inevitable that the increase in fuel prices, euro exchange rates and poor weather is going to affect the industry in different ways.  

News

  • Line 7 makes a comeback

    LINE 7: New Zealand clothing brand, Line 7, is making its UK comeback with the Inshore Jacket, Inshore Smock and Aquatec trousers. 

  • Working boats boycott Falmouth event

    SOUTH WEST: Working boat owners are to boycott Falmouth Week this year after race organisers failed to meet their demands, writes Katina Read. 

  • Boost for Clyde business booster

    SCOTLAND: The Sail Clyde Initiative will be launched by the Scottish boating industry and Scottish Enterprise at Largs on 29 August, writes Mike Balmforth. 

  • French trailers find UK home

    DISTRIBUTION: Like many good affairs it began in Paris, culminating this summer in the Satellite range of trailers finding a home with Boating Sports who have signed up as the UK distributors for the French production company, RSA. 

  • Landmark decision in disability discrimination law

    DISABILITY: A new case in disability discrimination means what was once interpreted as protection for just the employee has now been extended to cover those dependent on the employee, according to Gareth Edwards, a partner at Veale Wasbrough Lawyers. 

  • New head for boot-Düsseldorf team

    BOOT-DÜSSELDORF: Goetz-Ulf Jungmichel is to be the new director of boot-Düsseldorf, taking over in November ready for the nine day event which starts on 17 January 2009.

     

  • Get the fuel story

    ONLINE: An innovative website that will help boat owners shop around for the best value fuel has just been launched. 

  • Issues and updates from BMF-S

    SCOTLAND: BMF Scotland will be running another Technical Day on Tuesday 26 August, writes Mike Balmforth. 

  • Investment celebrated with a splash

    SCOTLAND: The announcement of a £337,080 investment in Royal Yachting Association Scotland (RYAS), was celebrated by an outing on the Firth of Forth for the new chair Louise Martin CBE, and Minister for Communities and Sport Stewart Maxwell, writes Mike Balmforth. 

  • Microbial move into marine market

    VENTURE: Technology company Byotrol plc, better know for its hospital anti-microbial agents, has embarked on a joint venture with Unipart Leisure & Marine in order to bring a new range of marine cleaning products into the market. 

  • Henderson voted in at IWA

    INLAND WATERWAYS: Clive Henderson has been voted as national chairman elect by the council of the Inland Waterways Association (IWA) to succeed the present national chairman John Fletcher, who will stand down in November, writes Harry Arnold. 

  • RNLI strained over fuel costs

    SOUTH COAST: The RNLI says its fundraising efforts will have to be intensified to meet the rocketing cost of fuel, writes Iain Sutherland. 

  • Big plans for Poole's West Quay

     

  • Another 90 berths for Tarbert

    SCOTLAND: The newly announced Crown Estate grant to Tarbert (Loch Fyne) Harbour has given the green light to the installation of another 90 pontoon berths, writes Mike Balmforth. 

  • Lynx looks for race opportunities

    SOUTH COAST: Lynx Sports Management have taken delivery of six Laser SB3 sportsboats which will initially be based at Lymington, but can be easily repositioned for other events including Cowes Week, Cork Week plus other UK and Overseas regattas, writes Iain Sutherland. 

  • Pro-Boat appointed for Allen range

    DISTRIBUTION: After the very public split with Holt earlier this year, Allen Brothers has appointed Pro-Boat to distribute its Allen range to chandleries in the UK, Ireland and the Channel Islands. Boatbuiliders can now purchase direct from the company. 

  • Two US lines for Kernowrat

     

  • Web help for wiring

    COMPARISON: The world’s largest marine electronics comparison website is being launched at this year’s Southampton boat show.  

  • Ireland's Royal Canal set for 2009 opening

    INLAND WATERWAYS: Waterways Ireland has confirmed that the Royal Canal will finally be reopened in 2009, writes Harry Arnold.  

  • Monster money for Leviathan

    AUCTION: New York maritime collectors gasped when a shipping poster expected to sell for just £3,000 was knocked down for £19,000 following a lengthy sale-room bidding battle, writes Dave Selby.  

  • SBS features: four boats and a stage show

    PSP SBS: National Boat Shows (NBS) says the feature boat line up is a huge draw every year for visitors to Mayflower Park and this year at the PSP Southampton Boat Show promises to be no exception, with the 40th SBS seeing boats such as Jeanie Johnston, Spirit of Mystery, Lively Lady and Callista

  • 40 years tied up with Marlow

    LONG SERVICE: On 29 July, Marilyn Kitcher celebrated 40 years working for Marlow Ropes. During that time she’s worked for four different owners and, having been the backbone in the office for all of the company’s sales, most of the major companies in the UK, Europe and the rest of the world would have spoken to her during her five decades at Marlow. 

  • Solent in Europe

     

  • Sea Otter goes back to basics

    INLAND WATERWAYS: A new limited company is being formed to continue the manufacture and servicing of Sea Otter aluminium boats, writes Harry Arnold. It will, however, revert to concentrating on the original functions of the Staveley-based boatbuilders, which was the building, maintaining and providing owner services for purely trailable boats.  

  • Tech company listed on AIM

    ACQUISITION: MarineTrack Holdings has moved into the London's Alternative Investment Market (AIM) through a 'reverse aquisition' by XSN - a 'cash shell' already listed on AIM.  

  • Phileas finds new channel

    DISTRIBUTION: Boating Sports are now the official UK importer and dealer of the Open 5.00 and 5.70 keel boats from Phileas Boats. 

  • Work to continue on Cotswold Restoration

     

  • Lobby for flare standards

    LEGISLATION: Standardised rules on replacing dated safety products has been called for by a leading distress signals company. 

  • BW sells a lock

    INLAND WATERWAYS: Somewhat unusually British Waterways (BW) has sold a lock and a short length of river, writes Harry Arnold. It is however the derelict and infilled lock that once enabled craft to pass through Llanthony Weir on the old west channel of the River Severn. 

  • Good progress on Mon & Brec repairs

    INLAND WATERWAYS: Repairs to the bed of the Monmouthshire & Brecon Canal following the major breach of October 2007 are making good progress and British Waterways (BA) says it is currently on target for the dry section of the canal to be re-filled by December and fully reopened by March 2009, writes Harry Arnold. 

  • Navigation versus wildlife on the canals

    INLAND WATERWAYS: Faced with conflict between boating interests and environmentalists on inland waterways, occasionally high profile cases, the Inland Waterways Advisory Council (IWAC) has published a full report on the subject, writes Stuart Fisher. 

  • Hands-on survey training

    TRAINING: The only hands-on practical course on boat surveying in the UK has seen 32 students pass through its doors since the course began running in 2007. 

  • Owen Parker

    ‘The Yanks had never tasted hot tea made in the English way before,’ reminisced Owen Parker when he returned from the United States in 1956. It was his attention to detail that fascinated the Americans, a trait that was always part of the Parker persona.  

  • Ipswich hit by outboard thefts

    EAST COAST: Ipswich detectives are attempting to crack a lucrative operation involving the theft and trade of outboard motors. Nine outboard engines - worth as much as £10,000 each - have been stolen from businesses and voluntary groups in the area in only a week. 

  • Success for first North Wales Boat Show

    BOAT SHOW: The first North Wales Boat Show was hailed a complete success by its exhibitors, says organiser Ben Sutcliffe after 11,000 people had attended the three-day show. ‘We’re chuffed to bits,’ he told BB. ‘We’ve had exhibitors telling us we changed the industry in North Wales in just three days.’ 

  • Bowker announced as BW vice chairman

    INLAND WATERWAYS: Richard Bowker CBE has been appointed to the role of BW vice chairman by waterways minister Jonathan Shaw MP. ‘I am delighted that Richard Bowker has accepted my offer to be the vice chair of the board of British Waterways,’ said Mr Shaw. ‘He will bring strong support to the chair through his good balance of excellent commercial experience and his understanding of the waterways from a user’s perspective. 

  • BMF/SOCA targets RIB use by organised crime

    RIB RAIDERS: A joint taskforce has been set up to tackle the use of RIBs by organised crime. According to the British Marine Federation (BMF) and the Serious Organised Crime Agency (SOCA), RIBs manufactured in the UK are being used by criminal gangs to smuggle drugs, firearms and people. 

  • Is adventurer Fossett still alive?

    DISAPPEARANCE: A lawyer for Peggy Fossett, widow of the aviation adventurer Steve Fossett, has dismissed claims he may have faked his own death. Michael LoVallo disputed suggestions from investigators and insurance assessors that the record-setting pilot and balloonist, a friend of Virgin boss Sir Richard Branson, could still be alive after his mysterious disappearance in the Nevada desert 10 months ago. 

  • Waterway use on the increase says BW

    INLAND WATERWAYS: The number of boats on the waterways has risen in the last year to more than 31,000 and is greater even than at the height of the industrial revolution, says the recently published British Waterways (BW) Annual Report. 

  • GBR takes top place at Volvo Youth Championship

    OLYMPICS: As we go into the Beijing 2008 Olympics, the GBR sailing team can be expected to bring us back another haul of medals. Beyond this year’s games, the future looks equally bright as Great Britain last weekend topped the medal table at the 2008 Volvo Youth Sailing ISAF World Championship in Århus, Denmark. 

  • Sea lock failure on Crinan Canal

    SCOTLAND: The Crinan Canal is closed to through traffic after the cill on the sea lock failed over the weekend, according to a report on the BBC Scotland website. 

  • NBS-supported Spirit of the Sea a success

    FESTIVAL: Weymouth Bay and Portland Harbour’s inaugural Spirit of the Sea marine event to promote the Olympic sailing venue, 5 – 13 July, surpassed all expectations and is predicted to generate a lasting boating legacy beyond 2012. 

  • IWAC calls for ICT on Britain’s waterways

    INLAND WATERWAYS: The Inland Waterways Advisory Council (IWAC) today (21 July) issued its latest report entitled Information and Communication Technology for the UK’s Inland Waterways. 

  • Saltonstall honoured after 30 years

    AWARDS: On the occasion of his 30th and final ISAF Youth Sailing World Championship, Jim Saltonstall MBE was honoured for his achievements at the event. Many legendary sailing names emerged from the Volvo/ISAF Youth Sailing programme to win Olympic gold medals, lift the America's Cup and triumph in the Volvo Ocean Race. 

  • Any old film?

    HERITAGE: National Boat Shows (NBS), the organiser of the PSP Southampton Boat Show and its 40th anniversary celebrations, would like to hear from companies or individuals who have good quality footage of any interesting aspect of boating over the past four decades. 

  • METS catalogue goes digital

    METS: METS organiser Amsterdam RAI and METS official magazine IBI are to send out advance digital copies of the catalogue instead of the paper copies that used to be sealed in with the October issue of the magazine. 

  • Exhibitor events programme for PSP SBS

    BOAT SHOW: Last year saw the first Exhibitor Evening Event programme at the Southampton Boat Show. The events were devised by National Boat Shows (NBS) and its consultant for the events, Assorti Ltd, to give exhibitors and those working at the show the opportunity to wind down in an evening after a hard day's work at the show. 

  • Hilary Lister makes WPNSA stopover

    FUNDRAISING: Quadriplegic sailor Hilary Lister, who is currently undertaking a ‘Round Britain Dream’ solo sail in her specially adapted Artemis 20, is currently making a stopover at the Weymouth and Portland National Sailing Academy (WPNSA), the 2012 sailing venue. 

  • Pendennis takes top apprenticeship award

    AWARDS: Falmouth-based superyacht builder Pendennis Shipyard has taken the prestigious Large Employer of the Year award at the annual national Apprenticeship Awards, writes Katina Read. Now in their fifth year, the Learning and Skills Council’s Apprenticeship Awards are designed to recognise employers who successfully use apprenticeships to improve business performance. 

  • SBS features: four boats and a stage show

    PSP SBS: National Boat Shows (NBS) says the feature boat line up is a huge draw every year for visitors to Mayflower Park and this year at the PSP Southampton Boat Show promises to be no exception, with the 40th SBS seeing boats such as Jeanie Johnston, Spirit of Mystery, Lively Lady and Callista. 

  • Milestone in Prescott Lock construction

    PRESCOTT LOCK: Volker Stevin, the British Waterways (BW) contractor, achieved a major milestone in the construction of the new lock and water control structure in Prescott Channel, east London, by holding back the tide from the waterways in the Olympic Park on 9 July. 

  • Three industry people pass away

    OBITUARIES: Three industry people sadly passed away recently. Owen Parker passed away at the age of 76 after a battle with cancer. Bob Fisher is putting something together for us on the man who was the mainstay of many top racing boats, among them Morning Cloud. 

  • 100 exhibitors for 1st North Wales Boat Show.

    BOAT SHOW: Starting on Friday week, 25 July, the first North Wales Boat Show has now passed the magic 100 exhibitors, say organisers Ben and Claire Sutcliffe.

     

  • Suchet to oppose EA actions at RTA AGM

    INLAND WATERWAYS: Actor David Suchet is set to speak out this week against the Environment Agency’s (EA) policy to dispose of a number of lock keeper homes in a cost saving exercise. 

  • Clipper Race generates coverage worth US$56.85m

    CLIPPER RACE: The 10 teams contesting the Clipper 07-08 Round the World Yacht Race arrived back in Liverpool on 05 July at the end of their 35,000 mile circumnavigation having generated media coverage for the sponsors worth, says Clipper Ventures, some US$56.85m. 

  • Coastguard industrial action

    A letter from Clive Welch, president of the MCA Section of the Public and Commercial Services Union: 

  • NBS Williams appointed IFBSO president

    PRESIDENT: Andrew Williams, managing director of National Boat Shows (NBS), has been appointed president of the International Federation of Boat Show Organisers (IFBSO), taking over the position from Bengt Wallin of Goteborg. 

  • New men at the top of BMF and NBS

    TOP CHAPS: Jon Eads and Paul Strzelecki assumed the respective roles of president of the British Marine Federation (BMF) and chairman of National Boat Shows (NBS) on 1 July 2008.
    Mr Eads CMM is managing director of MDL’s Marina Division, responsible for all of the company's mooring, retail and boatyard operations.

     

  • XSN plc agrees terms to acquire MarineTrack

    ACQUISITION: XSN plc is set to acquire the entire issued share capital of MarineTrack in a reverse takeover that will be subject to existing shareholder approval at an EGM to be held on 28 July 2008. 

  • Commons EFRA Committee backs BW

    BW/DEFRA: The House of Commons Environment, Food and Rural Affairs Committee (EFRA) published its report into British Waterways (BW) at 01.01 this morning, Tuesday 01 July. The comprehensive 39 page report makes interesting reading, coming down overall in favour of BW and saying it's encouraged by the work BW and DEFRA have done since summer 2007 to improve and clarify their relationship. 

  • Study confirms contribution of Solent marine industry

    WATERFRONT STRATEGY: The findings from the Solent Waterfront Strategy study confirm the major contribution the Solent marine industry makes to the UK economy, including future opportunities for growth. 

  • Froomberg goes in BW director restructure

    INLAND WATERWAYS: Following a strategic review of British Waterways’ (BW) directors’ roles to increase efficiencies, chief executive Robin Evans announced a restructure of responsibilities. 

  • Coastguard busy for Round the Island Race

    ROUND THE ISLAND: The annual Round the Island Race turned out to be a busy time for the Solent Coastguard, which received almost 100 calls from vessels in distress due to the combination of fine weather and record entry of nearly 1900 boats for the race. 

News in Brief

  • McMurdo appoints (2)

    McMurdo has appointed two exclusive Greek distributors - Marel Electronics S.A. for heavy commercial and Hellas Marine Electronics for yachting, light commercial and fishing. 

  • McMurdo appoints (1)

    McMurdo has appointed Furuno Finland Oy as their new distributor in Finland. Furuno will supply McMurdo’s range of emergency distress beacons, NAVTEX and emergency VHF Radios to the region. 

  • Hyde appoints

    Hyde Sails has appointed Intersail Australia managed by Rick Byerley as its distributor in Queensland. 

  • Halyard appoints

    Halyard has appointed Asafl ehf as distributor for its products in Iceland. 

  • High Modulus supplies

    High Modulus supplied the composite structural engineering design and reinforcement materials on Bristolian, the 120ft Briand-designed sloop built at Yachting Developments in New Zealand. 

  • Line 7 appoints

    Leading leisure marine marketing agency ClearLine Communications has been appointed by New Zealand-based Line 7 to handle its public relations and marketing in the UK. 

  • Oceanair’s/OMH Ocean

    Oceanair has appointed OMH Ocean Marine Handelsgesellschaft mbH as its new distributor for Germany. 

  • FSE goes Volvo

    The first Russian Team in the Volvo Ocean Race 2008 – 2009 will use cordage manufactured by Austria’s FSE Robline on board its Humphreys-designed VO70. 

  • Sunseeker’s funds

    Sunseeker London hosted a glamorous evening at the Chequers in Matching Green which raised £40,000 for the Starlight Children's Foundation. 

  • Marine AV/JL

    Marine AV has been awarded exclusive distribution rights for JL Audio Marine products in all European territories. 

  • NCI website

    The National Coastwatch Institution has launched a brand new website with the domain sites and details for every NCI watchstation operating around the UK coastline at nci.org.uk 

  • Boatshed Bristol

    Ant Sawyer has opened Boatshed Bristol, based in the city centre. Ant is an athlete, currently preparing for the Winter Olympics in Vancouver in his chosen discipline of Skeleton bob. His girlfriend Lucy is a hepatathlete and Gladiator ‘Tempest’. 

People

Portsmouth Poll

  • Portsmouth Poll

    It's summer and Canadian boaters are turning up the heat in the bedroom. Lapdancing in Cowes - whatever next? Not the sunseeker Poll was expecting. Hello little weed - not the Flower Pot Men, but what awaits our Olympic sailors. And who won the first edible boat race? Click here to read Poll 

Training

  • Making that good first impression…

    …and the importance of induction to both productivity and retention. Despite talk about the credit crunch and an ever threatening recession – skilled workers remain a rarity in most parts of the country. 

Washington Post

  • Brunswick: dealer happy talk

    Brunswick believes the downturn in the US marine industry is not going to end in 2008 or 2009 and that the economic factors causing the downturn here will spread and impact markets outside the US. 

Water Systems Advertorial

  • Working under pressure

    Established for over 50 years, Cleghorn Waring supply water pressure systems for every type and size of vessel from day boats to superyachts, with thousands in use around the world. 

  • Watermaking for the future

    Water is fast becoming a precious commodity in many parts of the world. In areas where water is scarce, it is expensive and its quality is questionable. 

  • Backflush the bugs

    Spectra have introduced a new range of power efficient watermaking machines needing even less service time than previous low maintenance models. 

  • Play away for longer

    Rob Street, director of Aquamare explains that, since the biggest concern with water on board a boat is quality of the fresh water, and with environmental concerns for black water discharge.Having a Tecnicomar watermaker and black water treatment unit on board means the horizon's your limit. 

  • A fresher look at water

    ITT Jabsco’s highly successful carbon water filter, the Aqua Filta, has a fresh design as well as refreshing your water supply. 

  • From cold war to safe water

    A safe and long-lasting disinfectant treatment that kills bacteria and microorganisms is about to climb aboard the UK marine market - a long way from its dramatic beginnings as a cold-war innovation. 

  • Compatibility is the key

    Warwickshire based company LeeSan says that more and more of its trade customers are choosing to fit the LeeSystems total sanitation packages. 

  • Healthier than the kitchen tap

    'Freshly squeezed water' can make such a difference to life onboard. Watermakers or desalinators, to give them the correct name, make potable water from seawater, without the additives of chlorine and fluoride commonly found in 'municipal' water. 

  • Pump up the volume

    Shurflo’s Next Generation fresh water pumps are now available from Bainbridge Marine. 

  • Sleek system for Whale showers

    Traditional transom showers often detract from the modern, sleek designs of today’s luxury power boats and yachts. 

  • Water Systems Advertorial

    The latest products and services from ITT Jabsco, LeeSan, Seafresh, Whale, Shurflo, Hydroscape, Cleghorn Waring, Fischer Panda, Golden Arrow, Furneaux Riddall and Aquamare. Click here for the feature folder. 

  • Water from the ocean

    Golden Arrow Marine's general manager, Martin Bizzell, explains the company's choice of Aquafresh water-makers comes down to reliability and ease of maintenance.  

Webtrading

  • Is online laughing at recession?

    According to some analysts it is. In May of this year online spending in the UK hit £4.5bn, an increase of 1.6% on April according to IMRG Capgemini e-retail Sales Index. 

Kids go Free !