Twin Disc reports 106 per cent jump in Q3 net earnings

Twin Disc today reported sales of US$95.5m for its third quarter ended March 30, 2012, up 24.9 per cent compared to US$76.5m for the same quarter a year ago. Its net earnings rose to US$9.4m compared to US$4.5m a year ago. Michael Batten, chairman and…

Yamaha to make push into China and East Asia

Yamaha Motor Co. said it plans to increase sales in East Asian countries like China and the Republic of Korea as part of an overall expansion plan. The company recently displayed boats and personal watercraft at the 17th China International Boat Show in…

Isle of Man Yacht Forum names new chairman

Andy Roy, a principal of Baker Tilly Isle of Man and director of Bennett Roy Maritime, has been appointed chairman of the Isle of Man Yacht Forum in the UK. Having been involved in the yachting industry for over 30 years, Roy brings considerable…

Mixed vibes at Argentina boat show

The Argentina Boat show, organised by the country’s marine association, drew to a close on Sunday with exhibitors reporting sales and organisers recording an attendance increase of some 2,000 visitors — the number reported by the time IBI left the…

Pampas buys Huges Marina dealer point

Stockholm-based Pampas Marina AB has signed a deal to buy one of Huges Marina’s dealer points owned by Gillesviks estates in Västervik. Huges Marina is Sweden’s largest marine dealer network chain, owned by Gillesvik and LF Insurance. Huges will…

Hatteras and Cabo to set up factory showroom in Ft. Lauderdale

Hatteras and Cabo Yachts said they plan to set up the new Hatteras Cabo Yacht Center in Ft. Lauderdale, Florida. The factory showroom at Billfish Marina is designed to support the Brunswick brands’ dealers by offering “the widest possible line-up”…

Strictly Sail Pacific reports eight per cent lift in attendance

Strictly Sail Pacific said that attendance was up more than eight per cent compared to a year ago. The Oakland, California-based show also said that sales for exhibit space also increased by seven per cent. “This was the strongest Strictly Sail…

Sunseeker’s largest superyacht under construction

Founder of Sunseeker International, Robert Braithwaite, has laid the first gelcoat on the mould of the new Sunseeker 155 superyacht, which is due for completion in December 2013. The new flagship yacht will have a 4,500nm range, weight in at 500grt, and…

Survey: Burst of optimism among US boat dealers since autumn

A spring dealer survey by RBC Capital Markets and Boating Industry magazine found that dealer attitudes have markedly improved in the last six months. RBC’s financial analyst, partly as a result of the dealer survey, reiterated an “Outperform”…

Pendennis gains planning approval for expansion

UK superyacht builder and refit specialist Pendennis has secured planning approval from Cornwall Council for a major restructuring of its Falmouth shipyard in the UK. The £10m, two-part development project will underpin its competitive future and will…