Three new yacht brands enter Turkish market

Team Marine Turkey, has entered the marine sector becoming the dealer for three new yacht brands. The company has signed a dealership agreement with Italian boatbuilder Cantieri Estensi, sailing yacht builder Italia Yachts and Norwegian motoryacht…

Confusion over Pendennis planning approval for £10m expansion

Some confusion exists over exactly what planning permission Pendennis Shipyard have received from Cornwall Council over their £10m expansion plans for its superyacht newbuild and refit facility in Falmouth. Reports that the project has received full…

Marine business latest stock price review

– Standard & Poor’s Rating Services raised Brunswick Corp’s corporate credit rating to ‘BB-‘ from ‘B+’, rating its outlook as ‘positive’, whilst Volvo was fined in the US over engine emissions   All shares are correct as of Friday, April 20…

Moody’s upgrades Brunswick

Moody’s Investors Services upgraded Brunswick Corp on Friday from Ba3 to B1. The ratings agency said that “significant enhancements in its operating performance and credit metrics” prompted the upgrade. Standard & Poor’s also upgraded Brunswick…

US new-boat sales gain ground in March

Total unit sales of new boats in the US gained ground in March, according to Info-Link’s “Bellwether Report,” which tracks about 50 per cent of the US market. The monthly report, comparing rolling 12-month periods through March 2012 to the same…

American Suzuki announces executive promotions

The marine division of American Suzuki Motor Corp (ASMC) last Friday announced several changes to its executive staff. The changes took place in the outboard builder’s OEM and consumer marine divisions. George “Gus” Blakely, who previously managed…

Surge in Riviera sales following boatbuilder’s recent acquisition

Autralian boatbuilder Riviera, claims its achieved 12 sales totalling A$21 million, in the past month immediately following the purchase of the company on March 8 by Longhurst Marine Holdings Pty Ltd. Riviera’s Director of Brand and Sales Stephen…

Regal names new dealer in Iowa

Regal Boats said it has appointed Archer Auto Marin as a dealer. The dealership is in Burlington, Iowa on the Mississippi River. “Having such a renowned dealer in Southeast Iowa is a real asset for Regal Boats and their owners,” said Duffy Stenger,…

SeaSafe Systems appointed as UK distributor for Dan Buoy

British marine safety clothing and equipment manufacturer, SeaSafe Systems, owned and operated from its 8,000 square foot factory in Cowes on the Isle of Wight, has been appointed as the UK distributor for SOS Marine’s SOS Dan Buoy. SOS Marine is an…

Sanlorenzo launches fifth SD122

Italian superyacht builder Sanlorenzo has launched Souraya, the fifth Sanlorenzo SD122, 38m yacht with semi-displacement hull, from its Viareggio shipyard. Souraya is billed as a vessel that combines both modern lines with retro shapes in a bid to…