Top five exclusive news from IBI Plus

Posted Thursday, April 25th, 2013

West & Najad
West & Najad

These are the top five stories that hit the headlines this month, plus additional market data that is available for IBI Plus subscribers.

5.- Outboard shipments up in US for tenth consecutive month: Wholesale shipments of outboards were up for the tenth consecutive month in the US, according to data from the National Marine Manufacturers Association (NMMA).

Top 10 business shakeup

Posted Monday, April 29th, 2013

Askeladden
Askeladden

Just before Q1 2013 is over, we’d like to give you a news round-up with the latest stories from IBI Plus. Read on and you will find out more about the top 10 corporate deals in the marine industry. This ranking features business expansion, bankruptcies, mergers and acquisition.

Canada’s marine market: Strength in numbers

Posted Wednesday, May 15th, 2013

Click on the image to zoom in
Click on the image to zoom in

Surrounded by three oceans, boasting the world’s longest coastline, and with more lakes within its borders than in the rest of the world combined, Canada is a nation made for boats.

Denison Yacht Sales becomes Greenline dealer

Posted Wednesday, June 19th, 2013

Link to Denison Yacht Sales becomes Greenline dealer

Denison Yacht Sales in the US has been appointed the Florida and California dealer for the Seaway Group’s complete range of Greenline Hybrid yachts from 33ft-88ft.
Models include the Greenline 33, 40 and 46 Flybridge, as well as the OceanClass 57, 70…

Cantiere del Pardo in sale negotiations

Posted Wednesday, June 19th, 2013

Link to Cantiere del Pardo in sale negotiations

The Italian builder of the Grand Soleil range of sailing yachts has been put up for sale by its private equity owners, Oaktree Capital and Anchorage Advisors.
Del Pardo was acquired by Rhone Capital in 2005 and together with Dufour it formed the ISB…

Outboard wholesale shipments up in US and Canada

Posted Wednesday, June 19th, 2013

Link to Outboard wholesale shipments up in US and Canada

The National Marine Manufacturers Association (NMMA) reported that wholesale shipments of outboards in the US grew for the 12th consecutive month through May. Shipments were up 13.2 per cent on a rolling 12-month basis from a year ago. Corresponding…

Atlantic Towers acquires St Croix Marine Products

Posted Wednesday, June 19th, 2013

Link to Atlantic Towers acquires St Croix Marine Products

Atlantic Towers said it has acquired St Croix Marine products. Terms were not disclosed.
Minneapolis-based St Croix manufactures stainless steel davits, swim platform systems, removable cranes and hardware. Atlantic Towers manufactures aluminum…

North Korean leader uses Princess yacht to tour country

Posted Wednesday, June 19th, 2013

Link to North Korean leader uses Princess yacht to tour country

North Korean leader Kim Jong-Un recently used a 95ft Princess yacht to navigate the country’s east coast during a 10-day official tour, according to NK News. If the yacht – believed to be a Princess 95MY – is a recent purchase, it could be in…

Taiwan opens second yacht facility

Posted Wednesday, June 19th, 2013

Link to Taiwan opens second yacht facility

The Taiwan government said it plans to open the country’s second yacht wharf on June 23 at the Wushih fishing port. The 32-slip facility is operated under the government’s Council of Agriculture.
Chen Chun-ju, deputy director of the Fisheries Agency…

Italian government announces tax reduction

Posted Tuesday, June 18th, 2013

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Thanks to the constant work of Italian marine industry association UCINA Confindustria Nautica, the Italian government has agreed to introduce in its latest decree two measures that will offer the Italian marine industry a concrete opportunity of…

Maxwell wins two orders from the Maldives

Posted Tuesday, June 18th, 2013

Link to Maxwell wins two orders from the Maldives

Maxwell, a division of the VETUS Group of companies, has received two orders from two different boatbuilders in the Maldives in the space of just six months.
The first order was for a pair of mirror image VWC6000 AC Electric windlasses. They were…

Creditors request bankruptcy trustee in Sealine Yachts America case

Posted Tuesday, June 18th, 2013

Link to Creditors request bankruptcy trustee in Sealine Yachts America case

Creditors in the Chapter 7 bankruptcy petition against Sealine Yachts America have asked the judge to appoint a trustee to oversee the company. The creditors contend that five new Sealines in two Florida marinas, the main assets of the company, are…

Navigator reviewing dealer network and product upgrades

Posted Monday, June 17th, 2013

Link to Navigator reviewing dealer network and product upgrades

Following its takeover late last year by an unnamed private equity company the established Navigator Yachts brand is now going through a strategic review which includes the appointment of new dealers, a product improvement programme and plans to extend…

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