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French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on March 21, 2025

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. BENETEAU: Beneteau announced on Thursday that it expects to see a drop of 5%-10% in 2025 in demand and sales. The company cited further destocking during the first half year.

Ferretti, the Italian yacht manufacturer, is looking to acquire a new boat this year

Posted to Maritime Reporter on March 10, 2025

Ferretti, the Italian yacht manufacturer, plans to acquire a company or asset this year. The Chief Executive did not specify whether it would be a brand name, a yard, or something else. Alberto Galassi, CEO of the company, told journalists that there were three files.

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on February 11, 2025

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ARCELORMITTAL On Monday, President Donald Trump raised the tariffs on imports of steel and aluminum to a flat rate of 25% "without any exceptions or exclusions".

After mid-April, the recovery of Tycoon Lynch’s sunken yacht will begin off Sicily.

Posted to Maritime Reporter on February 5, 2025

Sources close to the situation said on Wednesday that the superyacht, which sank in Sicily last April and killed British tech tycoon Mike Lynch, as well as six other people, would be recovered after its mast was dismantled. The salvage operation is expected to start around the middle of the month.

Ferretti Yachts reduces its full-year forecast pending US orders confirmation

Posted to Maritime Reporter on November 13, 2024

Ferretti, the luxury Italian yacht manufacturer, reduced Wednesday its guidance for full-year adjusted core profit (EBITDA), and revenue pending confirmations of U.S. yacht orders in its "composite segment". Ferretti's "Composite Yachts" are the smallest yachts in its three product lines.

Italian Sea Group denies any responsibility in the Mike Lynch yacht sinking

Posted to Maritime Reporter on November 12, 2024

Italian Sea Group's chief executive stated on Tuesday that the company is not responsible for the sinking of Mike Lynch’s superyacht which resulted in the death of the British tech billionaire Mike Lynch and six other people. The Bayesian, a luxury yacht built by Perini Navi in 2008…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on October 30, 2024

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Paris-based investment firm CIAM announced on Tuesday that it would appeal directly to France's financial regulator AMF, urging a public offering of Vivendi stock.

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on September 26, 2024

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. After intense discussions on Wednesday at the United Nations, the United States and France along with several other allies…

Italian divers recover video from Mike Lynch's sunken boat

Posted to Maritime Reporter on September 13, 2024

A source familiar with the situation said that Italian Navy divers recovered video surveillance gear from the superyacht which sank near Sicily in late October, killing British tech magnate Mike Lynch, as well as six others. The equipment recovered…

Autopsies indicate that four victims of the Mike Lynch yacht suffocated to death.

Posted to Maritime Reporter on September 5, 2024

According to judicial sources, the initial examinations conducted on four of those who died when British tech tycoon Mike Lynch’s family yacht sank in Sicily last month showed that they had suffocated as the oxygen on board the vessel ran out.

Italian prosecutor opens manslaughter investigation in Lynch Yacht Sinking

Posted to Maritime Reporter on August 24, 2024

A prosecutor in Italy has launched a manslaughter probe into the death of British tech magnate Mike Lynch, and six others who died when a luxury boat sank near Sicily last week. Ambrogio Cartosio is the head of the public prosecutor’s office in Termini Imerese.

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