The Yachting industry searches for alternatives to teak
Last October major luxury yacht maker Sunreef Yachts, based in Poland and Dubai, announced it was transitioning away from teak decking altogether. "Teak is no longer an option anywhere in our range …[and] I believe we are the only ones to do this," says Nicolas Lapp, the company's co-founder and chief technical officer.
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Richard Liu invests $700M to establish Sea Expandary Yacht brand
According to local media reports, Richard Liu Qiangdong, founder and chairman of JD.com and a superyacht owner, announced on 24 February the launch of an independent yacht brand, Sea Expandary. The venture is understood to involve an investment of approximately USD 700 million in Guangdong, spanning research and development, manufacturing, sales, operations, leasing, brokerage and after-sales services.
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