Latest news with #DIBS
Washington Post
09-05-2025
- Business
- Washington Post
1stdibs: Q1 Earnings Snapshot
NEW YORK — NEW YORK — Inc. (DIBS) on Friday reported a loss of $4.8 million in its first quarter. The New York-based company said it had a loss of 14 cents per share. The upscale online retailer posted revenue of $22.5 million in the period. For the current quarter ending in June, 1stdibs said it expects revenue in the range of $21.2 million to $22.5 million.
Khaleej Times
05-03-2025
- Business
- Khaleej Times
The captain of tomorrow? Artificial Intelligence takes the wheel
Picture this: A yacht that sails itself, navigates the seas with precision, and adjusts onboard settings based on your preferences — all without lifting a finger. The future of yachting is here, and it's driven by artificial intelligence. With the autonomous maritime market projected to reach a staggering $165.61 billion by 2030, the industry is embracing AI and automation at an unprecedented pace. At the 31st edition of the Dubai International Boat Show (DIBS) — the world's most prestigious maritime and lifestyle event, held at the luxurious Dubai Harbour from February 19 to 23 — the spotlight was on innovation. Bringing together over 1,000 brands and 200+ yachts and watercraft, the event reaffirmed Dubai's status as a global yachting capital. Among the pioneers shaping the future of smart yachting is Sunreef Yachts, a leader in sustainable and luxury multihull vessels. In an exclusive conversation with BTR at DIBS, Nicolas Lapp, CTO and Co-Founder of Sunreef Yachts, shared insights on how AI is transforming the world of sailing. Edited excerpts: How is Sunreef Yachts integrating AI into sailing vessels? At Sunreef Yachts, we are actively working on automating sailing vessels by redesigning sail plans and incorporating advanced AI-driven systems. For a long time, traditional sails have seen minimal evolution. However, innovations seen in racing boats, such as the America's Cup, have introduced wing sails, which are becoming increasingly popular in the industry. One of the key advantages of wing sails is their ability to rotate 360 degrees, making them easier to automate. AI technology enhances automation by selecting optimal sailing routes based on real-time and predictive meteorological data. For instance, if a boat owner needs to reach a destination urgently, AI can calculate the fastest route while adjusting the sails accordingly. AI-driven navigation considers wind conditions and forecasts, ensuring precise and efficient sailing, even for long transatlantic voyages. When can we expect AI-driven sailing systems to be available? We anticipate implementing these AI-driven sailing systems within the next year. Development is progressing rapidly, with significant improvements in AI calculations and predictive capabilities. Over the past year, we have been focusing on optimizing mast automation and system integration, which are essential prerequisites for AI-controlled sailing. How is AI enhancing the onboard experience for yacht owners? We are developing a new AI-powered interface to automate various aspects of yacht management, enhancing both convenience and efficiency. AI learns from the owner's habits and preferences to optimise comfort settings, such as cabin temperature control and air conditioning. This system ensures energy efficiency by adjusting temperature settings based on occupancy, aligning with our commitment to sustainability. Furthermore, AI-powered voice commands enable seamless control over onboard entertainment and other functions, such as adjusting lighting, controlling TVs, and managing sound systems. These features create a more intuitive and luxurious experience for yacht owners. How does AI improve crew operations and onboard management? AI-driven systems significantly enhance crew efficiency by streamlining various operational tasks. For example, AI can manage food inventory, monitor provisioning levels, and even integrate with online platforms for automated restocking. This reduces manual workload, allowing the crew to focus more on service quality rather than administrative tasks. Additionally, AI can automate paperwork, including invoices and other documentation, reducing the administrative burden on the crew. By minimizing manual processes, crew members can dedicate more time to delivering an exceptional onboard experience for guests. Are there any AI implementations already in place or in development? Yes, we have already started implementing AI-driven automation in yacht control systems. We have hired a team of engineers dedicated to enhancing onboard automation, making systems more intelligent and efficient. Beyond onboard experiences, AI is also playing a role in yacht manufacturing. We are exploring AI-driven design and engineering processes to optimise materials, structures, and electrical systems. AI offers fresh perspectives that can lead to innovative breakthroughs in yacht construction. What does the future hold for AI in the yachting industry? AI is set to revolutionise the yachting industry by improving automation, navigation, comfort, and operational efficiency. At Sunreef Yachts, our focus is on integrating AI not only into sailing vessels but also into the broader manufacturing process. As AI technology continues to evolve, we anticipate even greater advancements in yacht design, sustainability, and overall user experience.
Mid East Info
25-02-2025
- Business
- Mid East Info
Dubai International Boat Show Celebrates Successful 31st Edition Following Five-Days of Sales and Networking
Dubai International Boat Show draws to a close with a host of sales and negotiations Notable sales were highlighted by top yacht-builders including Sunreef, SanLorenzo and Gulf Craft while the new-for-2025 brokerage section also enjoyed success Dubai, UAE – February 2025: Dubai International Boat Show, the global luxury yacht and lifestyle show has drawn to a close following an impressive five-days of maritime sales, crucial discussions, knowledge sharing and partnership developments making a significant impact on the yachting industry. With visitors and exhibitors drawn in from more 60 countries, DIBS, which just concluded its 31 st edition, demonstrates why Dubai is one of the most desirable destinations for nautical leisure tourism and business. The show underpins an already booming sector in the city, providing a valuable platform for the community to present first-class yacht craftmanship, brokering services, real estate developments, the latest in seafaring technology and much more. Demonstrating DIBS' positioning as major player in connecting luxury yacht businesses with the ultra-wealthy, notable sales were conducted by Sunreef who presented a first look at the interiors of its luxury vessel and 36.25m ultramodern catamaran, ULTIMA 111 following its recent debut. Sunreef sold five of its fleet including the ULTIMA 55 and Sunreef 60. Artur Poloczanski, Public Relations Director at Sunreef Yachts, said: 'We're very happy with the DIBS showcase this year and the sales we have concluded. We used this event to present the ULTIMA 55 which is our first UAE built yacht, it was a very emotional moment for us – it was a new model and new challenge for us all at the business but we received great feedback from others in the industry as well as visitors, providing us with positivity to keep building here in the UAE.' SanLorenzo, Italian shipbuilders with more than 60 years' experience in the industry acknowledged the importance of attending Dubai International Boat Show to forge lasting relationships with people from across the sector including new and existing customers. Gabriele Stella, Head of Sales at SanLorenzo said: 'Sales have been great, the Dubai International Boat show has been a great success, with good quality buyers and prospects. Alongside the sales, we have several negotiations on the table which we expect to sign contracts for in the coming weeks with mainly Dubai based customers.' Elsewhere, UAE based yacht manufacturers Gulf Craft who have been participating in DIBS since its inception 31 years ago unveiled a series of global and regional launches at the event. The brand showcased a collection of its award-winning line of Majesty Yachts and Nomad Yachts, with Mohammed Al Shaali, Chairman Gulf Craft highlighting participation and sales: 'Gulf Craft has been a defining presence at the Dubai International Boat Show for over 30 years, driven by innovation, craftsmanship, and a commitment to excellence. This year, we showcased 18 vessels, including eight global debuts, reaffirming our role in shaping the future of yacht design. A highlight was the sale of the inaugural Majesty 145, reflecting strong market demand for our forward-thinking superyacht concepts. We also unveiled our Superyacht Service Centre in Ajman, a cutting-edge facility capable of servicing yachts up to 600 tons, strengthening Dubai's position as a superyacht hub. Our commitment to the maritime industry continues with new initiatives designed to nurture the next generation of yacht innovators.' As a first for the 2025 edition of DIBS, a dedicated brokerage area on the harbour housed a number of leading luxury yacht brokerages including Bush & Noble, BehneMar and Burgess. Anastazja Kociokowska, Business Development & ESG Manager at Burgess discussed the firm's participation this year as well as the success of the event for them as a business: ' We've had a presence at the show for several years and this edition has been brilliant – each year it gets bigger and better. As a market-leading full-service superyacht provider, ranging from sale & purchase, charter, management as well as new build, procurement and crew services, we've enjoyed great conversations at the show which we're sure will develop into some great business. We're already making our plans for next year and the brokerage section has been a great addition – we've enjoyed being positioned in the marina within the show.' A popular topic of discussion on the show is how leading yacht builders and manufacturers are now introducing the use of AI to expand their offerings at sea with the vertical potentially shaping the future of the industry. Farouk Nefzi – Chief Marketing Officer at Feadship, the royal Dutch shipyard said: 'We are in the first stages of AI reaching our platforms. At this stage it is more of a design exercise and more related to creating visuals – it has an impact on the shop window part of the business. The real build process is the next step – we don't know how that will look exactly but it is exciting.' The 32 nd edition of Dubai International Boat Show will take place at Dubai Harbour in April 2025 from 8-12, further details will be announced in due course. About Dubai International Boat Show: Dubai International Boat Show, the most trusted and established marine industry exhibition in the Middle East, is a showcase of yachts and boats from both local and international builders, together with the latest innovations in marine equipment and accessories. The multi-award-winning show showcases the latest leisure boats, equipment, and associated services in the Middle East. Exhibitors include both local and international boat manufacturers, as well as the latest innovations in marine equipment and supplies. DWTC: A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region's leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region's growth story with an estimated total economic output of AED 200 Billion, attracting over 30 Million business visitors to Dubai over the past four decades.
Zawya
24-02-2025
- Business
- Zawya
Dubai International Boat Show celebrates successful 31st edition following five-days of sales and networking
Notable sales were highlighted by top yacht-builders including Sunreef, SanLorenzo and Gulf Craft while the new-for-2025 brokerage section also enjoyed success Dubai, UAE – Dubai International Boat Show, the global luxury yacht and lifestyle show has drawn to a close following an impressive five-days of maritime sales, crucial discussions, knowledge sharing and partnership developments making a significant impact on the yachting industry. With visitors and exhibitors drawn in from more 60 countries, DIBS, which just concluded its 31st edition, demonstrates why Dubai is one of the most desirable destinations for nautical leisure tourism and business. The show underpins an already booming sector in the city, providing a valuable platform for the community to present first-class yacht craftmanship, brokering services, real estate developments, the latest in seafaring technology and much more. Demonstrating DIBS' positioning as major player in connecting luxury yacht businesses with the ultra-wealthy, notable sales were conducted by Sunreef who presented a first look at the interiors of its luxury vessel and 36.25m ultramodern catamaran, ULTIMA 111 following its recent debut. Sunreef sold five of its fleet including the ULTIMA 55 and Sunreef 60. Artur Poloczanski, Public Relations Director at Sunreef Yachts, said: 'We're very happy with the DIBS showcase this year and the sales we have concluded. We used this event to present the ULTIMA 55 which is our first UAE built yacht, it was a very emotional moment for us – it was a new model and new challenge for us all at the business but we received great feedback from others in the industry as well as visitors, providing us with positivity to keep building here in the UAE.' SanLorenzo, Italian shipbuilders with more than 60 years' experience in the industry acknowledged the importance of attending Dubai International Boat Show to forge lasting relationships with people from across the sector including new and existing customers. Gabriele Stella, Head of Sales at SanLorenzo said: 'Sales have been great, the Dubai International Boat show has been a great success, with good quality buyers and prospects. Alongside the sales, we have several negotiations on the table which we expect to sign contracts for in the coming weeks with mainly Dubai based customers.' Elsewhere, UAE based yacht manufacturers Gulf Craft who have been participating in DIBS since its inception 31 years ago unveiled a series of global and regional launches at the event. The brand showcased a collection of its award-winning line of Majesty Yachts and Nomad Yachts, with Mohammed Al Shaali, Chairman Gulf Craft highlighting participation and sales: 'Gulf Craft has been a defining presence at the Dubai International Boat Show for over 30 years, driven by innovation, craftsmanship, and a commitment to excellence. This year, we showcased 18 vessels, including eight global debuts, reaffirming our role in shaping the future of yacht design. A highlight was the sale of the inaugural Majesty 145, reflecting strong market demand for our forward-thinking superyacht concepts. We also unveiled our Superyacht Service Centre in Ajman, a cutting-edge facility capable of servicing yachts up to 600 tons, strengthening Dubai's position as a superyacht hub. Our commitment to the maritime industry continues with new initiatives designed to nurture the next generation of yacht innovators.' As a first for the 2025 edition of DIBS, a dedicated brokerage area on the harbour housed a number of leading luxury yacht brokerages including Bush & Noble, BehneMar and Burgess. Anastazja Kociokowska, Business Development & ESG Manager at Burgess discussed the firm's participation this year as well as the success of the event for them as a business: " We've had a presence at the show for several years and this edition has been brilliant - each year it gets bigger and better. As a market-leading full-service superyacht provider, ranging from sale & purchase, charter, management as well as new build, procurement and crew services, we've enjoyed great conversations at the show which we're sure will develop into some great business. We're already making our plans for next year and the brokerage section has been a great addition - we've enjoyed being positioned in the marina within the show." A popular topic of discussion on the show is how leading yacht builders and manufacturers are now introducing the use of AI to expand their offerings at sea with the vertical potentially shaping the future of the industry. Farouk Nefzi - Chief Marketing Officer at Feadship, the royal Dutch shipyard said: 'We are in the first stages of AI reaching our platforms. At this stage it is more of a design exercise and more related to creating visuals – it has an impact on the shop window part of the business. The real build process is the next step – we don't know how that will look exactly but it is exciting.' The 32nd edition of Dubai International Boat Show will take place at Dubai Harbour in April 2025 from 8-12, further details will be announced in due course. -Ends- About Dubai International Boat Show Dubai International Boat Show, the most trusted and established marine industry exhibition in the Middle East, is a showcase of yachts and boats from both local and international builders, together with the latest innovations in marine equipment and accessories. The multi-award-winning show showcases the latest leisure boats, equipment, and associated services in the Middle East. Exhibitors include both local and international boat manufacturers, as well as the latest innovations in marine equipment and supplies. DWTC A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region's leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region's growth story with an estimated total economic output of AED 200 Billion, attracting over 30 Million business visitors to Dubai over the past four decades.
Trade Arabia
23-02-2025
- Business
- Trade Arabia
Gulf Craft to acquire Cimolai Technology's 600-ton marine hoist
The Superyacht Service Centre by Gulf Craft has announced a strategic collaboration with Cimolai Technology, a global leader in precision lifting solutions, to acquire a state-of-the-art 600-ton Marine Boat Hoist. This milestone investment, unveiled during a formal signing ceremony on the second day of the Dubai International Boat Show (DIBS) 2025, marks a pivotal step in Gulf Craft's expansion strategy, reinforcing its position as a world-class industry leader in yacht manufacturing and servicing, the company said. "The addition of Cimolai Technology's cutting-edge 600-ton Marine Hoist marks a significant milestone for the Superyacht Service Centre, further enhancing our ability to service a broader range of superyachts with greater efficiency and precision. Situated on a 101,120-sq-m facility with in-water berthing up to 80 metres, the new shipyard offers world-class maintenance, refit, and service capabilities. This strategic investment reflects our commitment to delivering excellence and ensuring Gulf Craft remains at the forefront of the industry. Through this collaboration, we continue to deliver exceptional service, further solidifying our reputation as the trusted hub for yacht owners, captains, and crew.' said Captain Patricia Caswell, General Manager, Superyacht Service Centre by Gulf Craft. The integration of Cimolai Technology's advanced lifting technology represents a game-changing development for the Middle East's yachting sector. Designed to handle the increasing scale and complexity of modern superyachts, the 600-ton hoist provides a seamless solution for vessel maintenance, from routine servicing to complex refit projects. "We are honoured to partner with Gulf Craft in shaping the future of yacht servicing. Our precision-engineered lifting solutions are designed to meet the unique demands of next-generation superyachts, ensuring exceptional operational efficiency, safety, and reliability. This collaboration underscores our shared commitment to innovation and excellence, reinforcing our position as leaders in the manufacturing of heavy-duty lifting and handling equipment," said Claudio Carlon, Sales Manager at Cimolai Technology. This strategic expansion further cements Gulf Craft's status as a pioneer in yacht manufacturing and after-sales service. With an ever-evolving portfolio of industry-leading innovations, the company continues to elevate its service ecosystem, offering superyacht owners a seamless, end-to-end experience. By integrating cutting-edge technology, state-of-the-art infrastructure, and masterful craftsmanship, The Superyacht Service Centre by Gulf Craft is redefining excellence in yacht maintenance and refit solutions. The collaboration with Cimolai Technology marks yet another bold stride in Gulf Craft's commitment to setting new global standards in luxury yacht servicing, ensuring unparalleled support for discerning clients worldwide, Gulf Craft said. –
