Company News, Reports & Analysis

Browse IBI's latest news, analysis and financial reporting on companies in the recreational boating industry or search our website (above) for information on a specific company.

Latest Company News

Abeer Alshaali, Acting Chief Executive Officer (1)

Gulf Craft adapts to new market conditions

2020-03-31T14:33:00+01:00IBI , by Mike Derrett

In an email exchange with IBI’s Middle East correspondent, Abeer Alshaali, the acting CEO of Gulf Craft, explained how the UAE-based yacht-builder is adapting to the new market conditions and manufacturing challenges raised by COVID-19.

Thierry Vanlancker

Coronavirus disrupts AkzoNobel transformation, financial planning

2020-03-31T10:50:00+01:00

The coronavirus pandemic is disrupting AkzoNobel’s transformation strategy, forcing the Dutch paints and coatings giant to abandon its 2020 financial planning. It says Q2 demand is in a free fall.

Caframo Ltd corporate offices

Caframo maintains production through Covid-19 shutdowns

2020-03-31T10:36:00+01:00

Canadian fan and heater manufacturer Caframo Ltd has instituted a range of modifications to its operations in response to the Covid-19 pandemic in order to remain in full production and able to continue supporting its customers in the weeks and months ahead.

Nimbus-T9-6183 (kopia)

Nimbus Boats lays off workers

2020-03-30T13:22:00+01:00IBI , by Lars-Åke Redéen

Sweden’s Nimbus Boats, headquartered in Gothenburg, has announced that 60 of the company’s 110 boatbuilders at the factory in Lugnås will have to leave their jobs. This is due to lower sales of new boats since the coronavirus outbreak.

Two.Guys.Cleaning.Yacht_156742031 (2)

Ecoworks Marine enters Middle East market

2020-03-30T11:47:00+01:00

Ecoworks Marine, a UK manufacturer of eco-friendly cleaning products, has chosen Dubai-based Exalto Emirates as its distributor for the UAE.

OTAM 70HT a

New OTAM 70HT nears completion

2020-03-30T10:30:00+01:00

The ‘aeronautical inspired’ yacht will make its international debut at the autumn boat shows in 2021

Princess

Princess, Sunseeker donate PPE to frontline workers

2020-03-30T09:29:00+01:00

Two of the UK’s leading boatbuilders – Princess Yachts and Sunseeker International – are playing their part to ensure Britain’s essential services receive the much-required protective equipment that is in short supply across the world.

wartsila-logo_crop

Wartsila undertakes test with ammonia as lead-up to possible new fuel

2020-03-27T15:40:00+00:00

With the marine sector being a major source of greenhouse gas emissions, there is much talk in the global yachting and superyacht market about the development of potential new fuels such as hydrogen, LNG or ammonia. It is known that a number of superyacht projects are already being planned to ...