In a Word / Boating life: Monte Carlo Yachts, B2Marine, MondoMarine, European Union

Carla Demaria resigns from her position as Monte Carlo Yachts

Things are happening in the boating industry! A look back at the latest news from yachting professionals. The news flashes of November 21, 2018.

Carla Demaria pushed towards the exit of Monte Carlo Yachts

After the rumour had spread in several media outlets, the Bénéteau group confirmed the disgrace of Carla Demaria, in charge of Monte Carlo Yachts. The French yachting leader confirms the withdrawal of the executive powers of the president of the shipyard, due to "a serious strategic divergence between Mrs Demaria and the controlling shareholder of Monte Carlo Yachts". A general meeting on November 21 is expected to dismiss the officer. The Bénéteau Group denies any abuse of majority or unfair action against its Italian subsidiary.

B2Marine is moving

The Aquitaine shipyard B2Marine is moving into new premises. The manufacturer of the Cap Ferret motor boats and Blue Djinn sailboats is investing in a new factory in Latresne, near Bordeaux.

Palumbo acquires the MondoMarine shipyard

The Italian shipyard, a specialist in the superyacht Palumbo Group, has announced the acquisition of its competitor MondoMarine. He had already been renting the site of the Savona repair yard since January 2018, after the latter had failed to find a buyer.

Maucour takes over the distribution of VEEM propellers

The French propeller manufacturer Maucour has taken over the distribution of the Dutch VEEM precision propellers. It is thus expanding its offer, particularly for the yachting and luxury yachting markets.

Italy pursued by the European Union for its policy towards yachts

After Greece, Cyprus and Malta in March 2018 The European Union is launching proceedings against Italy for tax exemptions in the field of luxury yachting, based on VAT on yacht leasing and fuel taxation. This distortion of competition was part of the French yachting industry's grievances against its transalpine counterparts. If Italy does not reply within 2 months, the Commission may refer the case to the European Court of Justice.