Singapore-listed marina developer and operator, SUTL Enterprise Ltd, has reported a net profit of S$5.8m for the year ended December 31, 2018. This is a 14% fall compared with the restated S$6.8m recorded in 2017. Earnings per share slipped to S6.71 cents as against S7.81 cents in the year previous.
Glendinning Marine, a US manufacturer of shore power and water hose handling storage systems as well as electronic engine controls, has chosen STAL as its distributor for Croatia.
Garmin ended both its 2018 fourth quarter and full fiscal year on a high note, reporting higher revenues, gross margins, operating margins and operating incomes driven in part by strong contributions from its marine segment.
The organisers of the Sanctuary Cove International Boat Show (SCIBS) have announced a surge in exhibitor bookings for this year’s event, with spaces expected to sell out well before the show opens in May.
2018 saw a 4.2% increase in new powerboat registration in the US, according to data released by the National Marine Manufacturers Association (NMMA).
Italian marine accessories firm Osculati has expanded its sales team with the addition of Pietro Schiaffonati as OEM sales manager.
SeaDek Marine Products in the US has been named Official Supplier of New York Yacht Club’s American Magic, Challenger for the 36th America’s Cup.
Turkey’s Bilgin Yachts has joined SYBAss, the Superyacht Builders Association. Membership is only granted to a yard once it has built three superyachts over 40m (131ft) in length.
The owner of SVP Yachts, builders of Shipman sailboats, OceanClass and the Greenline range of hybrid motoryachts, looks back on the fateful day he took over the Slovenian builder in 2015, and outlines plans for future growth
New Boat Show Calendar!
Sunseeker and MTU respond to changing trends in boat usage with smarter, more innovative hybrid power system
The new assisted docking system – featuring five sensor cameras to create a virtual bumper – is said to be an industry first; see a video demo below
Buoyed by new ownership and steady category growth, Canadian electrical equipment manufacturer Xantrex seeks to build its global market share with funding and development support from MCE.
Working with conventional engines, but sometimes seeking to replace them, electric propulsion is gaining more of a market share, especially in the commercial, charter and large yacht sectors