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2017 January February Marina World

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The magazine for the marina industry

Next Generation


WORLD NEWS Hurdles for Larnaca CYPRUS: According to a report in Cyprus Mail, a review of the 2017 state budget conducted in December in which funds were blocked for contracting consultancy services for privatisation projects, could threaten plans to develop Larnaca marina and port. The project to create the largest marina in Cyprus with up to 1,000 berths has reportedly attracted serious interest from at least three parties. Under the terms of the tender, submissions of interest remain open until 3 rd February and the successful bidder is expected to be announced in August. However, according to the Kali wins first marina contract PUERTO RICO: Kali has announced a contract with Harbormaster Development to manage the development of a new marina at an as yet undisclosed location in Puerto Rico. Kali will manage the estimated US million (first phase) development project and also manage the ongoing marina operation. The contract guarantees a US million management fee for Kali for the development phase with various performance incentives that could lead to more revenue. The overall term of the contract is five years with the services agreement transitioning from project management to operational management at the end of the development phase. The agreement includes an equity participation option for Kali. The development phase of the project is anticipated to start in 2017 and continue into 2018. Kali (OTC: KALY) is a newcomer to the Over the Counter (OTC) market and has been formed as a marketing and development company focusing on small and medium sized growth companies. Early in 2016 it announced its entry into the marine sector with the acquisition of Wave Marine & Yacht Services. newspaper, transport minister Marios Demetriades has warned that without the funds earmarked to hire privatisation consultants, the procedure for Larnaca cannot go forward. Discussion is under way regarding the grant of a supplementary budget specifically for Larnaca port but this will cause significant delay. New edition – MWS&S We are currently preparing Marina World Suppliers & Services for publication in March. If you are a supplier of equipment or services to marinas and did not receive a FREE entry in the March 2016- February 2017 edition, please submit your entry at Ready for IMBC? USA: The 15 th International Marina & Boatyard Conference (IMBC) will be held 25 th -27 th January 2017 in Ft Lauderdale, Florida. Key features include: • 2-day conference, each with keynote speaker • 4 educational tracks (Best Practices, Operations, Boatyard and Service, Marina Design and Engineering) • Product demonstrations • Multiple networking events • Field trip by boat to local marinas • Over 120 exhibitors Register to attend at Come and meet members of the Marina World team on booth 421. EXPERIENCE INTEGRITY PASSION VISION LEADERSHIP THE WOR COMPREH - January/February 2017 7

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