Latest News
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NewsCXO300 diesel outboard enters production
Cox Powertrain has announced the start of production of its 300hp diesel outboard engine, the CXO300, at its UK headquarters and advanced assembly and test facilities in Shoreham, West Sussex.
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Pandemic drives US boat sales
“Sales have exploded over the past four weeks.” That sentiment, expressed to IBI by Clarks Landing Yachts Sales general manager Dave Patnaude, is seemingly shared by a variety of boat dealers across the US. His two locations in Maryland and one in New Jersey have seen around US$4m in ...
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OXE Marine selects US manufacturing partner
Sweden’s OXE Marine AB has chosen Outdoor Network Manufacturing (ONM) in the US to serve as its manufacturing partner in the US.
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Invincible Boats lives up to its name
Despite losing about six weeks of production to the COVID-19 pandemic, Invincible Boats is on track to reach its calendar year 2020 production goals, though its fiscal fourth quarter – which ends in July – will likely offset gains made in the first half of the fiscal year. Exempt ...
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Obituary: Nic Johansen
Nic Johansen, CEO of Elvstrøm Sails Sarl France, passed away suddenly last week.
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World Marinas Conference postponed to 2021
The International Council of Marine Industry Associations (ICOMIA) and P O Marinas have announced the postponement of the ICOMIA World Marinas Conference to October 2021. The event was originally due to take place from October 13-15, 2020 at P O’s new marina in Port Rashid in Dubai.
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Robertson & Caine looks to make up lost production as SA economy reopens
South Africa’s biggest yard is to ramp up production under new health and safety regulations
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Marco Valle appointed CEO of Azimut-Benetti
Franco Fusignani will remain on the group’s board of directors
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Monaco Yacht Show to proceed as non-profit event
Following concerns voiced by key players in the superyacht industry, the Principality of Monaco and Informa are working together to deliver an intimate, not-for-profit event in September 2020
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Marine stocks benefit from ‘Staycation’ trend
Shares of Dometic Group, noted Bloomberg, have jumped 71% since the end of March, topping Europe’s Stoxx 600 Index for the same period.
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Beyond COVID-19
IBI’s weekly reminder that despite the unique set of events gripping the world, there are positives out there. Today’s installment of ’ Beyond Covid-19’ highlights new investments, innovations and marine firms doing their bit in the battle against the coronavirus.
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Greece gears up for busy 2020 boating season
Greece ended its lockdown on May 4 and is still successfully dealing with Covid-19, so businesses are gradually reopening – some sooner than initially expected. High temperatures (higher than usual for May) of up to 37-40 degrees Celsius have also helped.
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New Zealand faces America’s Cup dilemma
The New Zealand government is faced with losing the prestige and financial incentives of hosting the America’s Cup or giving up the huge advantage gained from its yeoman effort to contain the coronavirus early. And amid teams clamouring for information, the Kiwis are playing their cards close to the vest. ...
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Ferretti Group CEO, Alberto Galassi – The 15-minute read
Not watched the video yet? Check out the transcript of IBI’s recent CEO interview, with highlights including the cost and full impact of Covid-19 on the builder; his views on prospects for a market rebound; and the memories of Covid-19 that haunt him
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Sanlorenzo returns to full production, launches first 44Alloy
Italy’s Sanlorenzo has launched its first 44Alloy, an all-aluminium fast displacement superyacht that will make its official debut later this year.
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Polish cat builder to double revenues in 2020
Sunreef CEO and founder Francis Lapp As Polish boatbuilders continue their production activities despite the coronavirus lockdown, luxury catamaran builder Sunreef Yachts says it expects to double its revenues this year to around €130m (US$141m), and has a full book order until the end of 2021. ...
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Palma Club de Mar to undergo €60m transformation
Work began this week on a €60m upgrade to Club de Mar Marina in Palma de Mallorca, one of the major marinas in this leading Mediterranean yachting destination. The project is currently the largest on a public space within the marine recreational sector in Spain using private capital.
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New Balance 442 voyaging catamaran ready for tooling
Balance Catamarans has finalised the design of its latest model, the Balance 442, which is now ready for tooling, the company confirmed this week. The 442 is a scaled-down version of the Balance 482 and will be produced in Cape Town by veteran builder Mark Delaney, owner of Balance Catamarans ...
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MarineMax amends credit facility; comments on retail trends
America’s largest recreational boat retailer anncounced today that it has expanded its financial capacity by extending the term of it’s $440 million credit facility
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Sanlorenzo confirms interest in Perini Navi
Sanlorenzo is a world leader in motoryachts over 40m in length Italian superyacht-builder Sanlorenzo today confirmed that it is evaluating a possible acquisition of fellow yacht builder Perini Navi SpA. For this purpose, Sanlorenzo has obtained an exclusivity period from Perini Navi majority shareholder Fenix Srl, ...
