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IBI Summit 2026: Navigating M&A opportunities in a transforming boating industry
As global economic headwinds reshape the leisure marine landscape, industry leaders gather to explore consolidation strategies, growth opportunities, and the future of M&A in boating
More Yachts completes restructuring under new ownership
Davor Paić acquires Croatian shipyard, with company citing improved financial stability following strategic changes
ExploMar opens first international electric boat experience centre in Bangkok
Chinese electric outboard manufacturer launches Thailand facility through dealer Thai Maritec, offering on-water trials and technical demonstrations
MasterCraft names new GM for Crest and Balise pontoon brands
Chip Gerlach takes on general manager role; Mike O’Connell transitions to senior VP of operational excellence
Teignbridge Propellers announces senior leadership transition
UK propulsion specialist appoints Mark Phare as group managing director in planned succession move
Marine Components International secures EMEA distribution deal for Seascour
Agreement brings environmentally certified marine descaler to markets across Europe, the Middle East and Africa
Nimbus Group receives first order for military workboats
The Swedish Armed Forces has ordered 60 MSMB 200 workboats valued at SEK 260m, with deliveries from January 2027
Brunswick veteran receives 2026 Lifetime Achievement Award
Dave Marlow honoured for 40-year career championing boating safety, regulatory alignment, and technical standards in the recreational marine sector
Norwegian hydrogen boat startup declares bankruptcy
Hyrex AS has collapsed after facing severe liquidity problems that left it unable to meet its financial obligations, according to court documents
Prestige names exclusive Australian dealer ahead of Sanctuary Cove debut
The move strengthens the French brand’s presence in the Asia-Pacific region
MSYF 2026 launches new think tank initiative to drive Mediterranean growth
The Mediterranean Superyacht Forum’s new approach generates multiple ideas, including the formation of a marine cluster spanning the entire Med region
Ocean Signal receives 2026 King’s Award for Enterprise
UK manufacturer recognised for breakthrough personal locator beacon combining global and local rescue technologies
Princess Yachts advances X90 towards Cannes debut
UK builder moves closer to the launch of its new X90 superyacht, with the first hull entering sea trials and strong early sales signalling market confidence
Metstrade urges industry-wide action for cleaner waterways and seas
The global leisure marine community is encouraged to take part in sustainability initiatives during this year’s World Boating Day campaign
Contender Boats founder wins Eddie Smith Manufacturer of the Year Award
Joe Neber was honoured for his leadership in boat building and marine conservation at the American Boating Congress in Washington, DC
Ferretti Group faces pivotal week as shareholders battle for board control
Competing nominations from Weichai and KKCG will be decided May 14, followed by a board meeting to review Q1 results
Bayesian probe points to crew error in sinking, not weather
Preliminary findings from Italian prosecutors indicate the yacht’s August 2024 capsizing off Sicily was caused by improper crew actions
Wider secures phased investment from OceanWorld Group
The funds will be used to support the Italian builder’s international expansion and product development
Highfield Boats Australia names exclusive NSW dealer
Partnership strengthens Australian network for aluminium-hull RIB specialist while expanding customer access to sales and aftersales support in a key state
NZ Marine appoints new executive director
Industry body names Callum Gillespie to guide next phase of growth
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Lippert Q1 revenues grow 4%
US component manufacturer reports US$1.1bn in Q1 consolidated sales
Cummins posts revenue and profit gains in strong first quarter
Record Power Systems segment performance helps drive Q1 revenues to $8.4bn of US engine builder
South African upholstery supplier reports growth via digital scanning
A new digital scanning service is enabling Jo Fensham Yacht Upholstery to serve increasingly mobile yacht clients, combining on-site data capture with remote design, manufacturing and global delivery
Orca AI, Samsung sign MoU to develop autonomous platform
Initially targeting commercial shipping, autonomous navigation platform could have future impact in recreational marine sector
Extra Yachts appoints new Turkish dealer
Italian builder expands its presence in the eastern Mediterranean with the appointment of Selen and Selim Özgörkey as official representatives in Turkey
Patrick, Lippert merger talks end without agreement
Proposed “merger of equals” between US engineered component manufacturers conclude with no decision to move ahead
Ferretti Group power struggle intensifies ahead of May 14 shareholders' vote
CEO Alberto Galassi presents strong views in Financial Times interview as battle between Weichai and KKCG continues
Beneteau reports strong Q1 growth amid Middle East conflict concerns
CEO Bruno Thivoyon warns that full-year targets depend on geopolitical stability returning by mid-2026 as order intake has slowed markedly since the conflict began
West Marine headed for Chapter 11?
Bloomberg report suggests US retailer exploring potential Chapter 11 bankruptcy filing to restructure debt, lease obligations
Oyster Yachts outlines strategic direction at London Private View
UK builder reveals new 50ft model in development and future plans at annual London event attended by IBI
Highfield adds dealers in US, Panama and Brazil
US RIB builder expands presence in North, Central and South America
Coursemaster Autopilots closes after more than 50 years
Supply chain pressures and component shortages bring to an end one of Australia’s longest-running marine technology manufacturers
Patrick Q1 net income up 3%
Marine segment up 14% in solid first quarter for US component manufacturer
Suzuki announces Fuel 1 collaboration
New partnership aims to distribute ethanol-free marine fuel through US Suzuki dealers
Brunswick announces 2026 global safety awards winners
Company recognises winners across manufacturing, engineering, distribution and, for the first time, Freedom Boat Club locations
Hull Vane signs MoU in Asia for stern-mounted hydrofoil
Dutch company partners with Malaysian shipbuilder Lunas to explore naval and government vessel applications in Asia-Pacific
Twin Disc Pacific appointed Spot Zero distributor for Pacific region
Marine Solutions Australia will serve as the first authorised dealership within the Twin Disc Pacific distribution network
Mediterranean Superyacht Forum highlights region’s dominance
Industry leaders gathered in Palma this week to examine global political shifts and new data showing the Med hosts nearly half the world’s superyacht fleet
AGOA renewal gains bipartisan support, but SA boat building benefits uncertain
South Africa’s eligibility for duty-free benefits is threatened by rising US diplomatic tensions
Singapore Yachting Festival concludes with record turnout and industry optimism
The festival, attended by IBI’s Asia and Middle East correspondent, reinforced Singapore’s role as a leading hub for the boating industry in Asia
Brunswick Q1 sales up across all segments for third consecutive year
World’s largest marine company exceeds analyst expectations in strong start to 2026 fiscal year
Mood index: EU business and consumer survey results for April
Economic sentiment, employment expectations plunge in EU and euro area
OneWater FQ2 revenue down, margins and debt reduction improve
Margin expansion driven by portfolio optimisation and cost management initiatives, says US boat retailer
Saudi Arabia issues new yacht rental licenses to enhance marine tourism
The Red Sea Authority has licensed three additional yacht rental operators, bringing the total to eight authorised companies under Vision 2030
Teakdecking Systems named official US distributor of MarineCork
The partnership expands access to sustainable, high-performance decking materials in the US marine market
Gulf Craft grows South-East Asia presence with new regional dealer
The appointment follows the UAE builder’s recognition as Best Asia Boat Builder at the Yacht Style Awards
UK brokerage moves to Swanwick Marina to support expansion
Rising demand for new boats and brokerage leads Dufour distributor to larger premises
Nimbus navigates Q1 sales decline with significant cash flow improvement
Operating cash flow improved by SEK 98m during the quarter, reflecting efforts to strengthen financial performance
Garmin posts record Q1 results
Revenue and operating income set new all-time highs as marine revenues grow by 11%
IBI Summit 2026: AI and industry leaders set to shape the future of boating
Discover how AI-driven innovation and M&A strategies are transforming the leisure marine sector. Join top executives, innovators, and investors at the IBI Summit to explore opportunities for growth, consolidation, and industry leadership amidst global challenges
Cantiere delle Marche gets new majority shareholder
The Italian superyacht builder has finalised its phased ownership consolidation, with CLP2 acquiring the remaining shares from Fil Bros
Nautor Swan returns to 22m sailing segment with new Swan 73
Positioned just below the maxi yacht category, the Swan 73 combines comfort, handling, and versatility
BRP suspends fiscal guidance citing tariff volatility
Fluid tariff situation leads Canadian boatbuilder and powersports equipment manufacturer to suspend earnings estimates
Aquila drives growth with new products, factory investment
The catamaran builder is planning a new 40,000m² sail assembly line at its Chinese yard
EBI welcomes EU backing of boating priorities in tourism strategy vote
Parliament recognition of nautical tourism marks a major step for mobility, sustainability and cultural heritage in the sector
Windy Scandinavia selects French representative
Partnership strengthens sales presence along France’s Mediterranean coast
Sunreef hosts virtual premiere of Ultima 88 at exclusive Singapore event
New catamaran is the second model built at the Polish builder’s Ras Al Khaimah facility
Q1 a mixed bag for Volvo
Higher Europe, Africa and Oceania sales offset by declines in Americas, Asia
From AI origins to competitive advantage in the marine sector
We see the term AI everywhere these days, but what does it really mean for manufacturers in the recreational boating business?
Polaris Q1 earnings “ahead of expectations”
Marine segment revenues climb 9% YoY in strong first quarter for US boat builder
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