All Boatbuilders articles – Page 15
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NewsGrand Banks posts 4th quarter and year-end results
Singapore-based Grand Banks reports lower revenue and profitability for 2019, but remains bullish about 2020 based on a robust order book and four-years of restructuring initiatives
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White River Marine Group donates parkland back to City of Lebanon following controversial purchase
US$2.5m land acquisition for plant expansion inadvertently includes city park
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Riviera notches up more than 30 orders from two key shows
Company owner thanks workers at special ceremony
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New manufacturer enters US aluminium fishing boat market
A newly-launched US boatbuilder aims to capture a share of the lucrative domestic aluminium fishing boat market.
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Lowe unveils six new models for 2020
Lowe Boats has completed its annual dealer meeting where it introduced six new models of pontoon and aluminium fishing boats for the 2020 model year.
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Award-winning collaboration between Ferretti & Francesco Paszkowski Design Studio extends to new Custom Line 106
Last year Ferretti, along with Francesco Paszkowski Design Studio and Mecaer Aviation Group picked up the inaugural award for ’Collaborative Solution between a Superyacht Builder and its Supply Chain partner’ in the 2018 Boat Builder Awards in association with Raymarine. The countdown’s now on to find the standout projects for ...
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UK yard reports 53% rise in post-tax profits
Falmouth, UK-based Pendennis Shipyard has reported strong performance in 2018, with record turnover and a 53.1% increase in post-tax profits – thanks, in part, to a £1.2m tax credit which accounted for 27.8% of the profit for last year. The company has also acquired a new 800-tonne travel lift.
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Maritimo pursues ambitious global expansion plan
An active new model launch programme, major facility investment, and increasing the global reach of its international dealer network are all facets of the ambitious expansion strategy for Maritimo, the Australian luxury yacht builder.
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Polish boatbuilder to invest $3.9m in new production hall
Polish boatbuilder Northman has unveiled plans to invest some PLN 15m (US$3.9m) to build a new production hall. The project is related to increased demand for the manufacturer’s craft.
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Focus on affordability at 2020 Smoker Craft dealer event
US independent boatbuilder Smoker Craft Inc unveiled a wide range of new models at its 2020 model year dealer meeting this week, with a clear focus on capturing market share among entry-level and mid-level buyers.
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Yar-Craft updates flagship model
Yar-Craft Boats’ dealers got their first look at the updated 2020 model year 219 TFX during the company’s annual “Excellence in Action” dealer meeting last week, learning why the Yar-Craft flagship model is being called an “unparalleled wave crusher” in marketing materials.
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Brunswick consolidates brands to form Venture Group
The Brunswick Boat Group announced today that it is combining the Bayliner, Heyday, Quicksilver and Uttern boat brands to form the Venture Group, which will be led by Bayliner president Keith Yunger.
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Sunseeker marks production milestone
The UK’s Sunseeker International is celebrating the production of 100 Manhattan 52s today, an important milestone for the company’s fastest-selling model.
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Catana expands sales team
French multihull builder the Catana has hired Matija Klemenc as the group’s new regional sales manager for Central European markets and charter clients.
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Moonen ‘close to entering new era’ with new investor
Moonen Yachts says it has a new investor to replace Mexican steelmaker Altos Hornos de Mexico (AHMSA), whose financial downfall plunged the Dutch superyacht-maker into bankruptcy on July 11.
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Italian builder grows production
Absolute, the Italian yacht-builder, says it plans to expand production in its current fiscal year ending September 31, 2019 to 85 units compared to around 75 in 2016-17 – an increase of some 13%.
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Brunswick looks to trim US$35m, additional layoffs coming
More layoffs are instore at Brunswick Corp subsidiaries as the company announces plans to produce up to US$35m in “cost reductions”, suggesting details will be delivered during a quarterly earning conference call with stock market analysts on Thursday.
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Polish boatbuilder reports increased exports
Galeon, a prominent exhibitor at the recent Wind Water boat show in Poland, is reporting strong exports. The news comes not long after Galeon picked up a 2018 IBI-METSTRADE Boat Builder Award in the Innovative Onboard Design Solution category for its 640 Fly and 650 Skydeck models. ...
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Boat stocks sink amid Wall Street fears
Boating-related stocks took a beating Monday as analysts cut earnings and target estimates on the news of declining US boat sales, showing signs that the marine industry’s eight years of sustained growth could be nearing an end.
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Linssen reports strong first-half
Linssen Yachts of the Netherlands says it delivered 87 yachts in the first half of 2019, including its entire fleet of pre-owned vessels. Marketing manager Paul Beelen said the deliveries comprised 61 new and 26 used motoryachts.
