Latest News
Five reasons to attend the Boat Builder Awards 2026
The industry’s annual celebration of boatbuilding excellence returns to Metstrade on 18 November, with tickets now on sale
UK RIB manufacturer enters voluntary liquidation
Debts exceed £4m, leaving all 18 employees facing job losses
Yamaha reports higher revenues, profits
Yamaha reports higher nine-month revenues and profits as marine earnings surge despite softer US demand and tariff pressures
Next Yacht Group’s Delmiglio among Forbes Italia’s Top 100 CMOs 2026
Stefania Delmiglio, the executive behind the repositioning of Maiora and AB Yachts, is recognised for strategic leadership shaping two of Italy’s leading yachting brands
Sirena Yachts appoints new US dealer for southeast expansion
Turkish builder partners with Yachts360 to strengthen presence across Florida and neighbouring states
Cigarette Racing, Yacht Hub Group form partnership to expand in EU and Africa
YHG to establish Cigarette Racing Europe, overseeing the brand’s development across 70 countries
Integrel Solutions doubles turnover, hires commercial chief
Hybrid propulsion specialist appoints new commercial chief after turnover doubles and order book hits £7m
Kongsberg Maritime unveils new logo and brand tagline
New identity marks Kongsberg Maritime’s independence following its demerger from Kongsberg Gruppen
People on the Move this Week
New appointments at BSI Rigging, Ferretti, Sunseeker and more
Caterpillar reports 17% Q3 revenue gain
US engine builder reports record sales in second consecutive quarter with revenues exceeding $20bn
Cummins reports record Q3 earnings
Strong demand for power generation equipment drives record EBITDA and earnings per share as consolidated revenues climb 13%
Azimut Yachts deepens ties with Assets Group at Qatar Boat Show
Under new deal Italian yacht builder becomes Preferred Luxury Yacht Partner
Performance Sailcraft’s Magic expands internationally, opens to other manufacturers
The finance scheme launches in Australia as talks begin with other dinghy and marine equipment makers
Twin Disc returns to profit with strong Q1
Double-digit revenue growth supports return to profitability as propulsion equipment manufacturer reports stronger demand across international markets
Malibu Boats posts mixed Q3 as Saxdor debuts and fiscal year shifts
Saxdor and Saltwater gains offset Ski/Wake softness as Malibu transitions to calendar-year fiscal reporting
KVH narrows Q3 losses as revenues grow
Higher recurring service revenues and LEO terminal sales drive 35% growth, while adjusted EBITDA improves year-over-year
Lippert reports mixed bag for Q3
Gross profit and margins improve despite lower revenues, as marine sales growth offsets continued weakness in RV markets
MasterCraft Boat Holdings expands dealer network across five brands
US boatbuilder adds 13 pontoon dealerships alongside new appointments across Europe and North America
Sunseeker appoints Daren Morris as CFO
Morris succeeds Dean Lawler as the yacht builder strengthens its leadership team for its next phase of growth
Qatar Boat Show opens with strong regional presence
International and regional yacht brands gather in Doha for the four-day show’s new launches and debuts
Fiji’s yachting sector delivers FJ$57.4m boost as government weighs reforms
Over 800 yachts visited Fiji last year, generating strong revenue for marinas, boatyards, and island communities nationwide
FPT joins Confindustria Nautica to boost marine presence
Engine maker becomes member of Italian trade body as it eyes growth in recreational marine segment
Cox Marine appoints Diesel-Bec as Canadian distribution partner
Cox Marine has named Diesel-Bec Power Solutions Inc. as its new distribution partner in Canada, strengthening the diesel outboard manufacturer’s sales, service and customer support capabilities in the market.
Spanish boat sales growth slows to 5.5% after October dip
Spanish recreational boat registrations ease as charter market continues to outperform wider sector, ANEN data shows
EBI welcomes EU tourism strategy boosting nautical tourism priorities
Strategy tackles boating licence recognition and marina investment, strengthening Europe’s tourism position
Pegazus Boats expands fishing range as European yacht demand stays soft
The builder is promoting its new 500 Bow Rider with another premiere set for 2027
Beneteau sales slowdown in Q3
Sales in the quarter were down compared to Q3 last year
Voyage Yachts expands fleet with new owner-focused cruising catamaran
The Voyage 511 is ready to be laid up in the moulds at the Cape Town yard
BBA 2026: Inside the race for this year’s Rising Star
IBI takes a look at the finalists going head-to-head for this year’s title
Electric WaterCraft Forum unites marine electrification community
The inaugural Maine event draws 125 industry professionals to drive innovation, policy and future projects
Revenue down, profitability up for MarineMax
US marine retailer, marina and yacht services company reports net loss of US$13m in final quarter as publicly traded company
TISG shares suspended as board backs SRI Global’s €220m rescue bid
Trading in The Italian Sea Group halts on Milan Euronext ahead of the next Florence Court hearing, scheduled for November 11
Colombia Náutica returns with Caribbean growth plan
Cartagena show targets emerging Latin American market with four-day event combining business and lifestyle boating
Ferretti Group reshuffles technical and operational functions
Latest changes follow on from marketing and communications restructure
Qatar Boat Show opens at Old Doha Port with over 100 exhibitors
This is the first of three regional shows being held over the coming weeks
Dubai Boat Show announces 2027 dates
This year’s postponed show prepares to open in three weeks’ time with 300 direct exhibitors already signed up
Bahrain’s first annual membership boat club opened through new partnership
The Captain’s Club partners with Masar Group in new Bahrain venture
Paramount Yachts secures first US sale of Sunreef Ultima 88
Florida family to take delivery of catamaran in December 2027, with shallow draught suited to Bahamas cruising
Omaya appoints exclusive dealer for Italy and Switzerland
Bulgarian cat builder expands into two key European markets
Maxwell Marine strengthens Italian superyacht business with new hire
Daniele Toretta will drive OEM and refit business across Italy’s superyacht sector
Kicker Marine Audio enters supply agreement with Caymas Boats
Kicker will be the standard audio offering on the Caymas DV series
Pendry to open first dedicated yacht club as centrepiece of Barbados resort
Pendry Yacht Club will offer 110 berths for vessels up to 80ft, anchoring the group’s new luxury development ahead of its late 2027 opening
TISG opts to move forward with SRI Group Global’s €260m binding offer
Vincenzo Poerio, set to lead SRI’s bid, is expected to step down as CEO of Tankoa
Princess Yachts appoints first Georgian distributor
Crystal Yachts Georgia takes on sales and aftersales support for the UK builder, as Batumi emerges as a growing yachting hub on the Black Sea
BSI Rigging appoints senior sales manager
Neil Brinsdon joins the Danish firm, bringing over three decades of industry experience
US AGOA exit pushes South African boat exports into higher tariff bracket
The planned US withdrawal of AGOA trade preferences from January 2027 would raise tariffs to 14-15%, though trade talks continue
Ferretti restructures marketing and communication operations
New structure will oversee the full customer journey, strengthen international presence, and boost operational efficiency
Marsh & McLennan acquires US boat insurance specialist
Financial terms of the Triton Insurance Agency acquisition were not disclosed
Hong Kong doubles down on luxury yachting with twin November showcases
The Lantau Yacht Club’s Festa Nautica will follow on from the new Festival of Connoisseurs show this week
Startup x Investor Day returns to boot Düsseldorf for 2027
Yachting Ventures and EBI will bring founders, investors and industry leaders together
Van der Valk unveils 30m Project NEXO concept yacht
A new crossover concept from the Dutch shipyard blends flexible living spaces with a wellness-focused design, built around a dual-level beach club
New Albanian RIB brand eyes expansion into Italy, Croatia
Brilant Marine says customers seek affordability, customisation and a feeling of luxury that comes from high-quality materials
Lippert rejects Monomoy proposal
LCI board maintains support for Patrick Industries merger, citing higher standalone valuation and anticipated cost savings
Saxdor expands North American footprint with three new dealers
New partners added in Maine (USA), Nova Scotia (Canada) and Bermuda
Discover Boating Australia enters its sixth year
BIA’s fifth-year campaign builds on record impressions to inspire new Australian boaters this summer
Free Metstrade 2026 registration open for IBI readers
While general registration for Metstrade closed on 31 October, IBI readers can secure free entry at any time, including during the event
BBA 2026: Inside the race for Innovative Design Solution
IBI takes a look at the finalists going head-to-head for this year’s title
Back-to-back October boat shows boost activity in Turkey’s yachting sector
Turkey’s yachting sector hosted two major boat shows in Bodrum and Istanbul last month, reigniting debate over event scheduling and the industry’s structural challenges
Whisper Marine acquires Heyday Boats from Brunswick
Wake and surf brand joins fast-expanding US portfolio as production moves to Crownline’s Illinois facility
Cape Town yard building first aluminium sailing catamaran
The 60-footer features a parallel hybrid propulsion system
Viking holds four world premieres at FLIBS
The company and its sister brand Valhalla Boatworks had 20 models at the show
LinkedIn
X / Twitter
Facebook
Email us
