All Boatbuilders articles – Page 178
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NewsMoonen ‘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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NewsItalian 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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NewsBrunswick 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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NewsPolish 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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NewsBoat 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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NewsLinssen 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.
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NewsBrazilian builder launches new joystick-controlled yacht
One of Brazil’s biggest boatbuilders has introduced a new flybridge cruiser that it describes as the world’s first leisure boat without a steering wheel.
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NewsSunseeker reports solid growth in profitability
The UK’s Sunseeker International has reported substantial growth in gross margins and retained profit for the year ended December 31, 2018.
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NewsCorporate changes at two UK yacht builders
Corporate changes to the ownership structures at both Fairline Yachts and Princes Yachts have recently been made known through filing to Companies House, the UK business register.
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NewsMasterCraft redesigns entry-level product line
MasterCraft Boats is revamping its entry-level NXT product line for the 2020 model year to “deliver a more athletic and refined look with an all-new interior, exterior, and even more performance,” according to a company news release.
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NewsFire destroys Key West Boats facility, production uninterrupted
It took two local fire departments an hour to bring under control a fire that destroyed the Tooling Shop and damaged an administrative building at Key West Boats in Dorchester County, South Carolina over the weekend.
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NewsEagleTree Capital acquires Invincible Boat Company
New York-based private equity firm EagleTree Capital has acquired a majority stake in Invincible Boat Compan
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NewsZeelander Yachts unveils new DutchCraft brand
Zeelander Yachts of the Netherlands has launched a new brand called DutchCraft. The first model in the series, the DutchCraft 56, will have its global debut at the Cannes Yachting Festival in September.
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NewsManagement changes at Malibu
Tennessee-based Malibu Boats Inc announced a number of executive management changes on Thursday in the wake of news that Paxson St Clair will step down from his role as president of the company’s Cobalt Boats brand in order to spend more time with family.
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NewsSA government to host boatbuilding investment workshop
The South African government will host an investors workshop for aspirant local boatbuilders in September, the South African Boat Builders Export Council (SABBEX) announced this week.
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NewsNew Otam 85 GTS delivered to owner
Italian powerboat specialist Otam has delivered a full custom version of its Otam 85 GTS to its new over. The new 26m yacht will have its official debut at the 2019 Cannes Yachting Festival in September.
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NewsArksen grows technical team
Arksen, the new UK-based builder of hybrid explorer vessels, has appointed Jim Mair as technical director.
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NewsNZ builder to expand European distribution network
Extreme Boats, a new name in the European trailer boat industry, is in the process of appointing new dealers across Europe to sell its export range manufactured in New Zealand.
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NewsCape Town approves R1bn mixed-use development in SA boatbuilding hub
The City of Cape Town has approved a R1bn mixed use development on the doorstep of South Africa’s boatbuilding industrial hub, the local Sunday Times newspaper reports.
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