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Posted Thursday, September 18th, 2014

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Despite “big” retail demand, Brunswick a steady hand on boat inventory levels

Posted Friday, October 24th, 2014

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Brunswick Corp is expecting a strong fourth quarter that should continue into 2015, according to a phone call Brunswick officials had with financial analysts yesterday. The US conglomerate released its third-quarter financial figures, which showed 13%…

Volvo widens tech access

Posted Friday, October 24th, 2014

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Volvo Penta of the Americas has launched a 24/7/365 technical support for distributors, dealers and OEM customers. Clients in the US, Mexico, Central America and the Caribbean will be able to contact the engine builder for technical assistance.
“We…

Marine business latest stock price review

Posted Friday, October 24th, 2014

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- West Marine has reported an increase of 1.6% in net sales compared to the same quarter a year ago
- Brunswick Corp has reported sales of US$932.1m for its third quarter, up 13% compared to last year.
- FLIR Systems has reported its financial…

FLIR reports Q3 sales

Posted Friday, October 24th, 2014

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FLIR Systems today reported its financial results for the third quarter ended September 30, 2014. The parent of Raymarine had sales of US$375.4m for the quarter, up 5% compared to the same period a year ago. Net income was US$52.9m compared to US$46.5m…

Mood positive at Barcelona show

Posted Friday, October 24th, 2014

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The 54th Barcelona International Boat Show closed on Sunday with increased visitor numbers and an overwhelming sense that recovery is slowly returning to a market that has shrunk by more than 70% since the onset of the crisis.
More than 54,000 people…

Hallberg-Rassy expands workforce

Posted Friday, October 24th, 2014

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After several tough years, Sweden’s leading sailboat producer, Hallberg-Rassy, is hiring again following a recent increase in sales. The company has appointed 23 new boatbuilders and more are still to come.
One of the reasons for improved sales, says…

Marina Estrella strengthens charter business

Posted Friday, October 24th, 2014

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Marina Estrella has reached an agreement with Feel Douro to launch Marina Estrella Charter Portugal. The company will be based in Oporto.
Portuguese company Feel Douro is located in the new Douro Marina at the mouth of the Douro and close to the…

US Court dismisses NMMA legal challenge on E15

Posted Thursday, October 23rd, 2014

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The National Marine Manufacturers Association (NMMA) said it was “disappointed” in a US Court of Appeals decision to dismiss its lawsuit against the Environmental Protection Agency (EPA) on the sale of E15 fuel. The case challenged EPA’s plans to…

NMEA names new managing director

Posted Thursday, October 23rd, 2014

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The National Marine Electronics Association (NMEA) in the US has promoted Mark Reedenauer to the role of managing director.
With 15 years’ experience in the marine electronics industry, Reedenauer will manage the day-to-day activities and programs of…

BRP feels impact of falling ruble

Posted Thursday, October 23rd, 2014

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Bombardier Recreational Products, which has enjoyed 20% annual growth in sales to Russia for the last decade, is now feeling a sales pinch with the fall of the Russian ruble. Russia is the third-largest market for BRP behind the US and Canada.
A…

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