Company News – Page 6
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CompX sees sales, earnings decline in Q3
US equipment firm says it expects “challenging conditions to persist”
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Rolls Royce issues trading update, maintains 2024 guidance
MTU parent reports continued good performance year-to-date despite challenges
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XO Boats strengthens US presence with new dealer
The Finnish builder is looking to enhance its reach on the US west coast
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Cummins celebrates reopening of technical center hub
Engine builder cuts ribbon on newly modernised facility following three-year renovation
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Canadian yard equipment builder delivers first fully electric boat hoist
Kropf Industrial says new 40-ton electric lift is a first in North America
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UK firm unveils new high-performance trimaran project
Shuttleworth Design’s new model is optimised for short-handed cruising and day sailing
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Sanlorenzo reports steady increase in profitability for first nine months of 2024
Italian superyacht builder continues to grow revenues in challenging environment
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Lippert Q3 revenues drop 5%
Marine OEM sales down 12% while overall net profits jump 35% on stronger RV market
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TISG sues NY Times over Bayesian story, chairwoman resigns
The Italian Sea Group is pursuing legal action following the publication of an article that questioned the stability of the yacht
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Savvy Navvy appoints exclusive Australian, NZ distributor
Paddy Wester Pty Ltd to represent UK marine tech firm Down Under
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Saudi Red Sea Authority grants licenses to maritime tourism agents for yachts
The initiative demonstrates SRSA’s commitment to making the Red Sea a leading global tourist destination
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KVH sees lower revenues but bottom line gains in dynamic Q3
US satcom firm continues to manage toward sustained profitability despite reduced revenues from soft end markets
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People on the Move this Week
New appointments at EV Maritime, Legend Boats and Yamaha Motor Canada
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LVMH to buy or invest in Ferretti Group?
Rumours suggest that Bernard Arnault is particularly interested in the Riva brand
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UK boat anchoring specialist expands into superyacht market
Anchoright will be taking its large chain markers to METSTRADE
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Poralu Marine reorganises under Wearth Group
French industry stakeholder regroups activities under one global banner
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Scout Boats reports record FLIBS
The US builder sold 30 boats at this year’s Ft Lauderdale show
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C-MAP expands European chart coverage
Cartography upgrades include new inland lakes, expanded coastal detail across UK, France, Denmark and Portugal
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Yanmar distributor celebrates company milestone
The Croatian firm has sold more than 5,000 Yanmar engines over three decades
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Oyster Yachts names new Caribbean service provider
Ultra Refit Antigua will offer yacht maintenance, refits and guardianage