All articles by Craig Ritchie – Page 34
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NewsKVH Q2 revenues dip by 15%
Quarterly result includes $1.2m in employee termination costs related to wind-down of satcom terminal manufacturing business
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NewsBaltimore marina sold
New buyer plans significant redevelopment of former Yacht Basin Marina, including new docks, new commercial space and Freedom Boat Club franchise
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NewsMixed Q2 for Myers Industries
US fuel tank builder posts revenue gains but lowers full-year guidance on continued softness in recreational end markets, including marine
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NewsCummins posts record Q2 revenues of $8.8bn
US engine builder reports record sales and higher profitability in strong second quarter, leading it to raise full-year guidance
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HydrogenHydrogen on Demand
New technology to generate hydrogen on the fly eliminates the need for bulky high-pressure fuel tanks, suddenly making the technology more practical for commercial vessels and luxury yachts alike
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NewsABYC publishes updated build and repair standards
Free webinar on August 14 to review updated standards and available compliance resources in order to meet MY2026 requirements
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NewsGarmin Q2 revenues up 14% to record $1.51bn
Electronics giant marks fourth consecutive quarter of double-digit growth, with marine segment revenues up 26%
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NewsSuntex expands marina management portfolio
New agreement will see US marina company operate Port of Kimberling resort complex
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NewsAvikus establishes US sales office
South Korean tech firm opens new office in Fort Lauderdale to support OEM, aftermarket sales and service
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NewsHubbell Q2 revenues climb 6%
Electrical Solutions segment, including Hubbell’s leisure marine business, down 2% despite margin expansion and operating profit gains
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NewsXylem Q2 revenues up 26%
Rule, Jabsco and Flojet parent raises full-year guidance on strong earnings despite softer performance in leisure marine segment
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NewsMarine firms collaborate to launch electronic anode replacement
CMP Group, Piombino Tech and Quality Mark claim new cathodic protection platform represents a more sustainable alternative to traditional zincs
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NewsAustralian equipment builder unveils new tender chocks
Davco says new AquaChock system mounts flush to deck surfaces to eliminate tripping hazards when removed
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NewsBank of Canada cuts interest rate for second straight month
Further rate reductions anticipated as inflation continues to ease and boat sector plans for 2025
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NewsUS startup looks to make waves in navigation assistance segment
Lookout aims to earn share in OEM, refit channels with innovative AI-enabled camera platform
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Green TechnologiesNext-gen composites for more sustainable boat building
The adoption of next-generation composites is said to allow boat builders to create higher performance products with greater recyclability – all while reducing their overall manufacturing footprint. Is that claim accurate, or is it simply too good to be true?
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NewsBrunswick Q2 revenues down 15%
Slow retail sales lead to second-quarter results falling “slightly below expectations” for world’s largest boat, engine and marine equipment builder
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NewsTough Q2 for Marine Products Corp
US boatbuilder reports 40% YoY revenue decrease as dealers continue facing high inventory finance costs
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