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Gemeco opens registration for 2026 marine electronics training event
The US marine electronics distributor is inviting dealers, installers and boatbuilders to attend its annual Technical Training Event in South Carolina, offering four certification programmes
SilverCat broadens international dealer reach
IBI’s Middle East correspondent visited SilverCat’s production facility in July as the Gulf Craft Group brand continues to expand its international distribution network, increase production capacity and target new dealer appointments in South-East Asia
Saxdor expands Americas dealer network with appointments in Argentina and Canada
The Finnish builder has entered the Argentinian market while strengthening its Canadian presence through two new dealer partnerships
Ancasta creates group brokerage role to support UK and European growth
The UK dealer and brokerage has appointed Rob Seabourne to strengthen operations across its 22-office network in the UK and Europe
Michael Schmidt & Partner rebrands as Inspiration Marine Group
Brokerage business adopts parent company’s name as group brings sail, power and brokerage operations under a single brand
Two Oceans Marine completes NSRI Offshore Rescue Craft series
The purpose-built, self-righting 14.8m ORCs are engineered for extreme sea conditions with a 40-year operational lifespan
Balkans Sea Fair grows as Albania boosts Mediterranean yachting presence
This year’s event returns to Marina Orikum in October with an expanded exhibition, Blue Economy Summit, and international yacht builders
Beneteau first-half revenues: IBI comments
Concerns over Middle East conflict continue to weigh on growth
Informa Prestige launches The Future of Refit, debuting in Monaco in 2027
The exhibition and conference will target the growing global superyacht refit and maintenance market with a specialist industry platform
Fairline boosts European dealer network with Yachthub Group addition
Partnership expands UK builder’s presence into Malta and nine Adriatic territories
New owners of Your Boat Club sell Minnesota marina to reduce debt
YBC has a fleet of around 350 boats across Minnesota, Florida, Illinois, and Wisconsin
Rolls-Royce H1 profit surges 46% on transformation gains
The London-listed group, whose Power Systems division owns mtu, raised full-year profit guidance to £4.7bn-£4.9bn after a strong first half
Mercury Marine, Telwater extend exclusive BMT partnership
Agreement will see Mercury remain the exclusive outboard supplier for Telwater’s boat, motor and trailer packages in Australia until 2029
Cyclops Marine rebrands as Cyclops Global following diversification
The UK wireless load sensor manufacturer has consolidated three brands under one corporate entity as it diversifies beyond marine
Highfield dealer meeting outgrows hometown
Dealers will gather at Chicago’s Navy Pier Marina from 25-26 August instead of Cadillac, Michigan
ICOMIA creates new partnerships role to strengthen global member engagement
Romina Bompani has been appointed head of partnerships to expand strategic collaborations across the global recreational marine industry
Reboat raises funding to expand sailboat refurbishment operations
French company plans to grow its Lorient facility, open a Mediterranean site and scale output to 30 boats by 2027
MB92 Barcelona secures concession extension to 2050
Expansion backed by €40m infrastructure investment
Ferretti delivers strong cash generation in H1 2026 despite 5.6% revenue decline
New CEO Stassi Anastassov acknowledged a more challenging commercial environment but emphasised the group’s strong balance sheet and operational capabilities
Sunreef Yachts, Brabus unveil the new Brabus Ultima 55
IBI’s Middle East correspondent previewed the vessel in Dubai this June, ahead of its official launch this week
Japanese quake could put pressure on semiconductor market; factory shutdowns across industry groups
Yamaha Marine has temporarily halted production at its two Kumamoto Prefecture facilities which manufacture outboard motors and related marine products
Bellini Nautica raises €2.3m through share placing to support expansion
Italian builder will use the proceeds to expand production capacity, invest in technology and advance its industrial plan
Lengers Yachts declared bankrupt
The Dutch yacht dealer represented brands including Sanlorenzo, Bluegame, Prestige, SACS, and Pirelli Speedboats
Callegari RIBs acquires Italian tender specialist
Production of 50-60 tenders annually to be consolidated at Callegari’s Anagni facility
Catamaran Guru expands into Caribbean
US dealer establishes its first dedicated Caribbean office through Virgin Island Yacht Brokers integration
Croatia’s ACI marina group posts strong H1 2026 results
Revenue, net profit and EBITDA all rise
ICOMIA, MPN and 11th Hour Racing partner to protect Posidonia seagrass in the Med
High-resolution Posidonia mapping will be available through chart plotters and boating apps, enabling responsible navigation and habitat protection
People on the Move this Week
New appointments at Icomia, Robertson & Caine, Sunseeker and more
Patrick reports 22% marine segment growth in solid Q2
Marine segment gains help offset RV sector decreases as US components supplier tightens full-year guidance
Mood Index: Economic sentiment, employment expectations rise in both EU and eurozone
The Economic Sentiment Indicator rose 1.5 points in July 2026, with employment expectations improving considerably across most sectors
Brunswick raises full-year guidance after strong second-quarter performance
US marine group reports higher revenue and earnings across all business segments for fourth consecutive quarter
OneWater Marine reports mixed FQ3, “narrows” guidance
US boat retailer posts increased profitability despite lower Q3 sales
Turkish equipment manufacturer invests $6.3m to double production capacity
Data Hidrolik is expanding its factory by 5,000m² and establishing a new subsidiary focused on after-sales services and spare parts
Barrus names new R&D manager
Internal promotion follows the retirement of Phil James after 28 years with the UK engineering and distribution company
New Marine Skills & Resource Centre to strengthen UK maritime workforce
Based in Cornwall, the centre will focus on training, recruiting and retaining local workers
Dutch rope specialist under new ownership
Premiumropes founder Jan-Willem Polman is handing over leadership to JanKees Lampe
Freedom Boat Club expands Spanish network with new bases
New locations in Cádiz and Mazarrón support wider European growth strategy
Ex-Google CEO to acquire Spanish shipyard
Eric Schmidt has reportedly set his sights on Metalships & Docks in Vigo
Correction: US builders double down on innovation
An error in the June/July issue incorrectly attributed Axis and Saxdor to MasterCraft Boat Holdings; both are owned by Malibu Boats
US consumer and CEO confidence weaken amid economic uncertainty
Confidence among US consumers, CEOs sagging in response to continuing trade, geopolitical tensions
Preliminary programme revealed for ICOMIA World Marinas Conference 2027 in Shanghai
IWMC2027 marks a landmark moment for the sector, recognising Asia-Pacific’s growing influence in global marina and waterfront development
Another record quarter for Garmin
Q2 revenues up 11% to US$2.2bn while marine segment revenues grow 14% to $341m, leading electronics giant to increase full-year guidance
Grady-White owner rejects $400m offers, transfers company to perpetual trust
Eddie Smith has transferred the company to a trust structure designed to preserve its independence, making it the first marine industry business to adopt the model
Jeddah Yacht Club to host new Red Sea Yacht Show
Saudi Arabia is set to enter the international yachting calendar with a new event launching in Jeddah in October 2027
![Johannes Hertel IMG_0563_2 2[31] (kopia)](https://d1ajyvl96t5n4x.cloudfront.net/Pictures/415x277/9/6/9/63969_johanneshertelimg_0563_2231kopia_385160_crop.jpeg)
Windy Scandinavia names new head of sales and marketing
Swedish builder promotes key figure behind its superyacht chase boat transformation as it prepares to launch two new SR models in 2026
Xylem reports higher Q2 earnings and raises full-year EPS guidance
US water technology firm raises full-year guidance on improved profitability and margin expansion
Robertson & Caine appoints new managing director
Mark Bradford was previously MD of Diesel-Electric
Nuclear propulsion for superyachts debated at Monaco Energy Boat Challenge
Lloyd’s Register joined industry experts to explore nuclear-powered yachts as advances in small modular reactor technology spark renewed interest
Dynaxo expands Polish factory to meet rising demand
The ceramic cooktop manufacturer has invested in new machinery and upgraded production lines at its western Poland facility
High North American retail sales drive strong Q2 results for Polaris
Marine segment revenues climb 16% YoY driven by growing demand for premium pontoon product
Hubbell raises 2026 guidance after double-digit Q2 revenue growth
Hubbell’s Electrical Solutions segment, which includes its leisure marine business, up 25% in strong quarter
Sasga Palma appointed Solaris Power dealer for Balearic Islands
The Mallorca-based dealer will represent the Italian yacht builder’s premium motoryacht range across Mallorca and Menorca
Central Yacht secures strategic investment for Asian market expansion
The Hong Kong-based superyacht consultancy has partnered with TGG Group to develop a new generation of yachts tailored for Asian owners
Beneteau reports 12% revenue growth despite Q2 slowdown and reveals much reduced order intake
First-half sales reached €452.3m, but geopolitical uncertainty prompts dealer caution and inventory reduction in second quarter
Zero USV delivers first Oceanus17 uncrewed surface vessel
The 17m vessel features 50-day endurance, 5,000Nm range, and level four autonomous navigation capability
New Angolan shipyard targets recreational service sector growth
Kianda Shipyard is set to serve the country’s growing leisure boating sector with maintenance and technical support
Sunseeker confirms new ownership, CEO and leadership team
Cross Ocean Partners and Cheyne Capital have completed their acquisition of the UK yacht manufacturer, with Scott Millar appointed CEO alongside four senior executives to drive its five-year growth strategy
Sanlorenzo joins consortium bid to rescue The Italian Sea Group
Italian yacht builder confirms minority stake in Polo Nautico Carrara, which has submitted binding offer to acquire TISG’s operations
SYBAss launches new manifesto including first ever three-year plan
New strategy sets a clear work agenda for the team while giving the industry clarity on the organisation’s future direction
Donerail, Blackstone, and Centerbridge are final bidders for MarineMax
Three major investment firms are competing to acquire the world’s largest recreational marine dealer
Sealegs expands dealer network across US and Australia
New Zealand amphibious boat builder appoints four new dealers, strengthening its sales and service network across two key international markets
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