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EU funded project to help green marine industry

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Daniamant launches its latest safety solution

New autopilot converts USVs into autonomous craft

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New Gobius C tank contents monitoring system

Vetus promotes Kevin Theuns

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£18.1m operating loss for Fairline Yachts – turnover improves

Fairline Yachts saw its turnover increase by 55% in 2022 to £48m, however alongside this, the luxury boatbuilder had an operating loss of £18.1m, up from £17.7m in 2021.

The company’s latest accounts show 2022 remained a challenging year for the boatbuilder, with operations and results impacted by shortages of key parts and supply chain issues.

These factors increased the time taken to manufacture the boats and also impacted the efficiency of production during the year.

However, despite these difficulties, the boatbuilder continued to invest in new product development as part of its product investment strategy with the launch of a new Squadron 68, a Phantom 65 as well as new entry and mid-sized models.

And the boatbuilder says demand for models has remained strong with the sales team continuing to strengthen its global dealer network as well as building out the sales order book to 2025 and beyond.

And the directors say the forecast for 2024 shows an improvement in both turnover and profitability as the business returns to a stable platform, with improvements in operational performance, supported by a good forward order sales book.

At the end of 2023, most of the 2024 production slots were sold and allocated out to 2025.

And the directors add that while the unaudited accounts for 2023 show the boatbuilder has been impacted by global supply chain uncertainties, there is an improvement compared to 2022 as the business implements its change strategy.

In June 2021, Fairline Yachts Holdings Ltd became the sole shareholder of Fairline Yachts Ltd, with additional investment injected and a new board of directors appointed.

The directors have worked with the ultimate shareholder, Hanover Active Equity Fund II, and other financial institutions and have increased financing facilities to support the business going forward.

In 2023, the company received equity funding from Hanover to cover its working capital needs and the directors believe these facilities along with cashflow from operations will allow the company to operate within its financing needs. The company has received a letter of support from Hanover in terms of further funding.

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AT&T says a data breach leaked millions of customers’ information online. Were you affected?

FILE - The sign in front of an AT&T retail store is seen in Miami, July 18, 2019. The theft of sensitive information belonging to millions of AT&T’s current and former customers has been recently discovered online, the telecommunications giant said Saturday, March 30, 2024. In an announcement addressing the data breach, AT&T said that a dataset found on the dark web contains information including some Social Security numbers and passcodes for about 7.6 million current account holders and 65.4 million former account holders. (AP Photo/Lynne Sladky, File)

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NEW YORK (AP) — The theft of sensitive information belonging to millions of AT&T’s current and former customers has been recently discovered online, the telecommunications giant said this weekend.

In a Saturday announcement addressing the data breach, AT&T said that a dataset found on the “dark web” contains information including some Social Security numbers and passcodes for about 7.6 million current account holders and 65.4 million former account holders.

Whether the data “originated from AT&T or one of its vendors” is still unknown, the Dallas-based company noted — adding that it had launched an investigation into the incident. AT&T has also begun notifying customers whose personal information was compromised.

Here’s what you need to know.

WHAT INFORMATION WAS COMPROMISED IN THIS BREACH?

Although varying by each customer and account, AT&T says that information involved in this breach included Social Security numbers and passcodes — which, unlike passwords, are numerical PINS that are typically four digits long.

Full names, email addresses, mailing address, phone numbers, dates of birth and AT&T account numbers may have also been compromised. The impacted data is from 2019 or earlier and does not appear to include financial information or call history, the company said.

HOW DO I KNOW IF I WAS AFFECTED?

Consumers impacted by this breach should be receiving an email or letter directly from AT&T about the incident. The email notices began going out on Saturday, an AT&T spokesperson confirmed to The Associated Press.

WHAT ACTION HAS AT&T TAKEN?

Beyond these notifications, AT&T said that it had already reset the passcodes of current users. The company added that it would pay for credit monitoring services where applicable.

AT&T also said that it “launched a robust investigation” with internal and external cybersecurity experts to investigate the situation further.

HAS AT&T SEEN DATA BREACHES LIKE THIS BEFORE?

AT&T has seen several data breaches that range in size and impact over the years .

While the company says the data in this latest breach surfaced on a hacking forum nearly two weeks ago, it closely resembles a similar breach that surfaced in 2021 but which AT&T never acknowledged, cybersecurity researcher Troy Hunt told the AP Saturday.

“If they assess this and they made the wrong call on it, and we’ve had a course of years pass without them being able to notify impacted customers,” then it’s likely the company will soon face class action lawsuits, said Hunt, founder of an Australia-based website that warns people when their personal information has been exposed.

A spokesperson for AT&T declined to comment further when asked about these similarities Sunday.

HOW CAN I PROTECT MYSELF GOING FORWARD?

Avoiding data breaches entirely can be tricky in our ever-digitized world, but consumers can take some steps to help protect themselves going forward.

The basics include creating hard-to-guess passwords and using multifactor authentication when possible. If you receive a notice about a breach, it’s good idea to change your password and monitor account activity for any suspicious transactions. You’ll also want to visit a company’s official website for reliable contact information — as scammers sometimes try to take advantage of news like data breaches to gain your trust through look-alike phishing emails or phone calls.

In addition, the Federal Trade Commission notes that nationwide credit bureaus — such as Equifax, Experian and TransUnion — offer free credit freezes and fraud alerts that consumers can set up to help protect themselves from identity theft and other malicious activity.

AP Reporter Matt O’Brien contributed to this report from Providence, Rhode Island.

French authorities seize up to £77 million worth of cocaine from Jersey-registered vessel

• Crime and Courts
• Thursday 4 April 2024 at 6:41pm

ITV Channel's Emma Volney investigates...

Pictures courtesy of Armees Aux Antillies and Martinique Soir

Cocaine with a potential street value of £77 million has been seized from a Jersey-registered vessel in the Caribbean.

The ship named Maria Del Mar was around two hundred miles south of Barbados when it was stopped by French authorities.

They discovered 1,100 kilograms of the Class-A drug on board.

On Monday 26 March, Mark Temple KC, Jersey's Attorney General, was approached by French authorities who asked for permission to search the boat whilst they were carrying out anti-drugs smuggling patrols in the Caribbean.

Four people on board were arrested, three Spanish nationals and one Columbian national, and are in custody in Martinique.

The French Ministry of Foreign Affairs thanked the Attorney General for his prompt assistance which led to the seizure.

Mark Temple KC said: "Jersey is keen to play its part in combatting illicit drug trafficking, wherever it takes place.

"We congratulate the French authorities on this successful operation and confirm that we will continue to assist them. The drugs in this case would have done enormous damage had they reached their intended markets."

Satellite images capture how Russia is shielding its warships in port from threats like Ukraine's exploding drone boats

• Satellite images show Russia has placed barriers at its ports to defend the Black Sea Fleet. 
• The measures are designed to protect Russian warships from Ukraine's uncrewed surface vessels.
• Kyiv has relied on this fleet of exploding drone boats to damage and destroy Moscow's naval force.

Newly captured satellite imagery shows Russia has put up barriers at a major port to defend its Black Sea Fleet warships from Ukraine's unrelenting exploding drone boat attacks.

The protective measures at Novorossiysk, a city in western Russia located along the Black Sea, appear to be building on similar efforts in Sevastopol, where Moscow's naval assets have been targeted by Ukraine throughout the full-scale war.

"Due to an increased risk of Ukrainian strikes in their traditional homeport of Sevastopol, Novorossiysk now serves as a crucial role in sheltering the Black Sea Fleet's most valuable assets," Britain's defense ministry wrote in a Sunday intelligence update .

The UK said it recently identified four barges placed at the entrance of the Novorossiysk port in a bid to "enhance the defenses" of the facility against attacks from Ukrainian uncrewed surface vessels, or USVs.

Ukraine, lacking a proper fleet of warships of its own for naval combat, has turned to a fleet of these USVs — essentially just drone boats packed with explosives — to damage and destroy Russian warships both in port and at sea since late 2022. It's an asymmetrical style of warfare that Moscow has proven unable to consistently defend against.

Satellite images captured on March 30 by Maxar Technologies and obtained by Business Insider show what appear to be moored barges placed at the entrance to the Novorossiysk port. The barriers also appear in March 18 imagery shared by British intelligence, indicating they're at least a few weeks old.

Brady Africk, an open-source-intelligence analyst at the American Enterprise Institute think tank, confirmed the placement of the barges and said the increased security at Novorossiysk is a relatively recent development, unlike Sevastopol, where defenses have been present throughout the war.

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"Russia has placed moored barges and floating boom defenses at both Sevastopol and Novorossiysk ports," he told BI, adding that Sevastopol is also guarded by netting and trained dolphins.

March 23 satellite images of the entrance to Sevastopol Bay show the floating boom defenses and netting in place.

"While these defenses may complicate Ukraine's ability to strike Russian warships within Sevastopol or Novorossiysk ports" with its fleet of exploding USVs, Africk said Kyiv has "demonstrated the ability to locate and strike Russian ships outside of port or target them with missiles instead."

On March 24, for instance, Kyiv confirmed it launched multiple missiles at Sevastopol during the previous night, hitting four Russian warships and various infrastructure belonging to the battered Black Sea Fleet.

Following that attack, a pro-Ukrainian partisan group known as Atesh said that Russia was putting up new barriers at the entrance to Sevastopol Bay and blocking the passage of ships, the Kyiv Independent reported on March 27. BI was unable to confirm these claims, which were made shortly after the March 23 satellite imagery was captured.

Despite Russia's efforts to curb threats to the Black Sea Fleet, which includes barriers at ports, machine gun crews on warships, and aircraft patrols of the region, Ukraine has still managed to take out roughly a third of Moscow's warships since the full-scale war began more than two years ago.

These losses recently led the Kremlin to reshuffle its naval leadership. Earlier this week, Russian Defense Minister Sergei Shoigu officially appointed Vice Adm. Sergei Pinchuk to the commander of the Black Sea Fleet — a move that British intelligence suggested was the result of Ukraine's successful USV attacks in recent months.

As the new fleet commander, Pinchuk now has a daunting task ahead of him. The UK said last weekend that he "has likely sought to improve the survival chances of Russian vessels by adopting further preventative and defensive measures, including narrowing the entrance gap to port facilities."

Whether these efforts — like the construction of barriers at Novorossiysk — are effective remains to be seen. Kyiv has vowed to continue going after the Black Sea Fleet, and its fleet of USVs have been upgraded over time to be more efficient and deadlier, a general in the Security Service of Ukraine previously remarked.

"Forcing the enemy to flee from the Black Sea was the goal we sought and it was achieved," Brig. Gen. Ivan Lukashevych, whose team carries out USV operations, said in translated remarks shared with BI in February.

"If there is a threat," the Ukrainian general added, "we will definitely find it, localize it, and destroy it."

Watch: Video of Russian naval ship explosion shows a much-needed win for Ukraine

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N o w   o p e n ,   t h e   n e w   F a i r l i n e   M a r i n a  

T r a v e l   r e s t r i c t i o n s . . .   n o   p r o b l e m  .

The new Fairline Marina platform is specifically designed to connect fans and customers of our brand in this time of social distancing.

The Fairline Marina brings the world of hand-crafted luxury boats direct to you. The platform includes 360-degree detailed tours of all the yachts within our Squadron, Targa and F//LINE model ranges, allowing you to explore the Fairline family of yachts from the comfort of your home.

The Fairline Marina includes a live chat function, enabling the opportunity to speak directly to a Fairline expert at any time of the day. Additionally, we are developing a regular calendar of livestream yacht tours, which will be hosted by our global dealer network – you can tune in on our Facebook page for a detailed tour of the yachts you are interested in. Each livestream will take you from stern to bow, walking you through the yacht in detail. 

Like to know more?

At Fairline we take the protection of your data very seriously and comply fully with the EU General Data Protection Regulation (GDPR).

Complete the form below and we will pass your enquiry straight to a member of our authorised dealer network who will be in touch with you shortly.

By submitting the contact form, you are agreeing to sharing the data you have provided with your selected Fairline Yachts dealer. This information is not accessible to Fairline Yachts. The data will be kept in line with the General Data Protection Regulation (GDPR), effective 25th May 2018: Find out more

F i n d   y o u r   F a i r l i n e  

News & events.

27th February 2024

Come and start your career with Fairline

Our Recruitment Open Day is set to take place on 2nd March. We're gearing up to fill positions at our Oundle manufacturing facility, promising exciting opportunities for job seekers in the marine industry.

5th February 2024

Miami line-up announced

Fairline has announced its line-up for Miami International Boat Show (14-18 February 2024) which includes the Squadron 68, Squadron 50, Targa 45 OPEN and the F//LINE 33.

25th January 2024

Squadron 58 wins at the Motorboat of the Year awards

23rd January 2024

Fairline wows Boot Düsseldorf with duo of debuts

Fairline unveiled its Targa 40 in a world debut and its Squadron 58 in a European debut today at Boot Düsseldorf, which runs until 28 January 2024.

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News & Events

5th February 2024

Miami line-up announced

Fairline has announced its line-up for Miami International Boat Show (14-18 February 2024) which includes the Squadron 68, Squadron 50, Targa 45 OPEN and the F//LINE 33.

7th December 2023

Two debuts at Boot Düsseldorf 2024

Fairline will unveil its highly anticipated all-new Targa 40 in a world debut at this year’s Boot Düsseldorf, 20 - 28 January 2024, supported by the European debut of the all-new Squadron 58.

17th November 2023

Designer of the Year

Fairline’s Christian Gott takes home Designer of the Year at the Boat Builder Awards 2023

14th November 2023

New Michigan dealer appointed

Fairline Americas has announced its latest US dealer as the award-winning Michigan based Colony Marine, which boasts three locations: St. Clair Shores, Algonac and Oakland County, and will operate as Fairline Great Lakes.

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website.

Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.

We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.