Market News

Iris Innovations has launched Photon, a compact 4K night vision camera designed to improve visibility and safety during low-light marine navigation.

Castoldi, an Italian manufacturer of waterjet drives and luxury tenders, has named GLI Yachts as its exclusive distributor for tenders in Australia. GLI Yachts, which is based on the Gold Coast in Queensland, will handle the tender sales and service business for the Australian market.

The United States and Canada pavilions will share a joint space in Hall 12 at Metstrade 2025, marking the first time the two national exhibits have been co-located.

Malibu Boats Australia, a manufacturer and seller of watersports towboats, has reportedly been listed as the target of a ransomware incident by the Qilin group, a Russian-speaking ransomware gang.

Those interested in owning what’s been deemed “a gaudy, bad-taste display” now have their chance. Amadea – the superyacht seized in 2022, now docked in San Diego – is up for auction. Potential buyers keen to place a sealed bid need to do so before 10 September – and put down a $10 million initial deposit.