All articles by Arlene Sloan – Page 13
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NewsCatana puts Tunisian acquisition on hold
France’s Catana Group has indicated it is not going forward with the planned acquisition of Magic Yachts in Tunisia, first announced last December
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NewsHanse Yachts establishes new technical centre
Germany’s HanseYachts and its Polish subsidiary TTS jointly launched the BALTICDESIGN Institute today
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NewsVolvo joins with multi-national giants on hydrogen push
Oil companies Shell and OMV to collaborate with truck makers Volvo Group, Daimler and IVECO on the roll-out of zero-emission hydrogen-based trucking and fueling stations on a mass scale across Europe
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NewsWorkforce dispute at Beneteau quickly resolved
Last Tuesday morning workers walked out of the Beneteau factory in Challans, in Vendée on the French Atlantic coast, though the dispute lasted less than 24 hours. In early September, Beneteau announced its plans to address the consequences of the Covid-19 pandemic, launching job protection plans (PSE) and the closure ...
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NewsPositive EU-US vibes raise hopes for removal of boat tariffs
Partners in the trans-Atlantic boat business are becoming increasingly hopeful that a renewed era of cooperation between the US and Europe will lead to an easing of trade tensions and tarrifs – particularly those imposed on the import of American-built boats into the EU. But second-stage tariff increases loom if ...
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NewsPatrick Industries adds Taco Metals to the fold
US-based component manufacturer Patrick Industries announced it has completed the acquisition of US-based Taco Metals, the second acquisition in two weeks and sixth this year
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NewsBRP posts Q3 growth in sales and profits
As with other peers in the recreational sector, BRP saw continued momentum in consumer demand and growth in new entrants through its FY2021 third quarter, ending 31 October.
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NewsProduction move impacts OXE Marine results; BMW to co-brand OXE300
OXE saw a busy third quarter with a 77% jump in its order book, further development plans with BMW and Evoy, preparations for production in the US and Poland, and first sales to China via partner Parsun Power
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NewsBrunswick’s boat club touts record year
The Freedom Boat Club model is proving a win-win for parent company Brunswick Corporation and individual franchise operators which are enjoying strong growth
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NewsUS dealer group OneWater posts record sales
OneWater Marine – one of America’s largest boat retailers – topped $1 billion in sales for the first time; the company also expanded its reach in Florida with another acquisition
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NewsUS posts second highest monthly boat sales in 10 years
After a brief respite in July and August, US new boat sales took off again in September, nearly beating the highest monthly sales in more than a decade.
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NewsUS component supplier continues on acquisition path
US-based component manufacturer Patrick Industries announced it has completed the acquisition of Geremarie Corporation, the fifth addition to its business portfolio this year
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NewsMarine stocks continue upward march
News on several fronts of the pending success of a Covid-19 vaccine and promising treatments boosted stock indices around the world this week, sending share prices of marine industry companies upwards with them. Amidst news of the worsening outbreaks in America and Europe, the prospects of a viable vaccine certainly ...
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NewsCEO sentiment riding high in US boating market
A season of strong boat sales has buoyed optimism among the leaders of marine industry companies in the US market, according to NMMA’s Q3 Sentiment Report
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NewsSanlorenzo sales remain on par with 2019
The Board of Directors of Italian yachtbuilder Sanlorenzo SpA today confirmed and approved the company’s results for the quarter and nine months ending 30 September. Consolidated net revenues from the sale of new yachts for the first nine months of 2020 totalled €322.6 million, compared to €322.8 for the same ...
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NewsOfficial supplier Highfield Boats front & centre at start of the Vendée Globe
The eighth edition of the Vendée Globe sailboat race got underway yesterday with 33 racing yachts and a fleet of Highfield RIBs orchestrating the security and organisation of the start.
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NewsVolvo Penta to exit outboard segment
Swedish engine maker Volvo Penta announced today that it will phase out production of Seven Marine outboard engines, although it will continue to support the brand’s existing customer base
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NewsVolvo outlines path towards zero-emission products
As part of its Market Capital Day, Sweden’s Volvo Group made a passionate pitch to investors today about the company’s vision for fossil-free products and for the business as a whole over the next two decades
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NewsSunsail to withdraw from Palma; Travelopia responds to tougher climate
The cost of mooring fees in the key Spanish sailing centre of Palma has led to Sunsail, one of the leading sail holiday companies and part of the Travelopia Group, withdrawing from Mallorca, according to a report in the Majorca Daily Bulletin.
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NewsLippert reports ‘exceptional’ Q3
US-based Lippert Components added its Q3 results to the recent stream of good sales and revenue reports coming out of the third quarter, generated by the unexpected surge in demand for outdoor products in 2020 – including boating.
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