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IBI's premium information service draws on 50 years of reporting, 30,000 archived articles, and correspondents around the world to provide industry intellegence on established and emerging markets, key companies and industry players, business insights, and essential statistics.
VideoInterview with Sunseeker’s Andrea Frabetti
IBI’s Ed Slack interviews Sunseeker CEO about post-Covid buyer demand, new production strategy, forward forecasts, and plans for Cannes
- News
Pandemic drives US boat sales
“Sales have exploded over the past four weeks.” That sentiment, expressed to IBI by Clarks Landing Yachts Sales general manager Dave Patnaude, is seemingly shared by a variety of boat dealers across the US. His two locations in Maryland and one in New Jersey have seen around US$4m in sales ...
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Invincible Boats lives up to its name
Despite losing about six weeks of production to the COVID-19 pandemic, Invincible Boats is on track to reach its calendar year 2020 production goals, though its fiscal fourth quarter – which ends in July – will likely offset gains made in the first half of the fiscal year.
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Robertson & Caine looks to make up lost production as SA economy reopens
South Africa’s biggest yard is to ramp up production under new health and safety regulations
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The 5 minute read: Ferretti’s Alberto Galassi interview
Not watched the video yet? Check out this 5-minute excerpt from the full transcript of IBI’s recent CEO interview, with highlights including the cost and full impact of Covid-19 on the builder; his views on prospects for a market rebound; and the memories of Covid-19 that haunt him.
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Marine stocks benefit from ‘Staycation’ trend
Shares of Dometic Group, noted Bloomberg, have jumped 71% since the end of March, topping Europe’s Stoxx 600 Index for the same period.
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New Zealand faces America’s Cup dilemma
The New Zealand government is faced with losing the prestige and financial incentives of hosting the America’s Cup or giving up the huge advantage gained from its yeoman effort to contain the coronavirus early. And amid teams clamouring for information, the Kiwis are playing their cards close to the vest.
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Ferretti Group CEO, Alberto Galassi – The 15-minute read
Not watched the video yet? Check out the transcript of IBI’s recent CEO interview, with highlights including the cost and full impact of Covid-19 on the builder; his views on prospects for a market rebound; and the memories of Covid-19 that haunt him
- News
Polish cat builder to double revenues in 2020
As Polish boatbuilders continue their production activities despite the coronavirus lockdown, luxury catamaran builder Sunreef Yachts says it expects to double its revenues this year to around €130m (US$141m), and has a full book order until the end of 2021.
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Croatia’s open borders to kickstart yacht charter market?
The opening of Croatia’s borders to allow EU citizens to visit without any quarantine restrictions is expected to trigger the restart of the yacht charter market, which has already started to pick up since the weekend.
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Question marks hang over future of Perini Navi
Speculation circulating in Italy today suggests that Perini Navi, a leading sail and motor superyacht builder, is suffering severe financial issues which may result in it entering bankruptcy while a restructuring plan is developed and implemented.
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The ‘new normal’ - German boat dealers on what the future holds
Regional differences build a surprisingly nuanced picture of what the sector can expect
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As US Northeast reopens, marine businesses hope to salvage the season
As states throughout the US begin reopening their economies in phases, in the Northeast, boat dealers, rental operators and charter companies are facing an uncertain season; already shortened due to stay-at-home orders and not being included in Phase 1 openings.
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Yamaha extends shut down at outboard engine factories
Following a previous announcement on April 9th concerning the closure of its principal outboard engine factories during May, Yamaha Motor has now decided to extend the shut down at its Fukuroi and Yatsuhiro plants for a further two weeks until the 15th of June. According to the earlier statement, the ...
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American Boating Congress: US economy should see year-end rebound
Low oil prices, small business and manufacturing to lead recovery
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HK trade association calls for more government support
The Hong Kong Boating Industry Association (HKBIA) has issued a Covid-19 Relief Report that outlines the current challenges facing the boating industry and the importance of government support during the COVID-19 pandemic.
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American Boating Congress opens in DC and 800 other locations
More than 800 members of the US boating industry descended on Washington, DC for the annual American Boating Congress (ABC) Wednesday, but did so via laptop, tablet and mobile phone because of restrictions in place due to the COVID-19 pandemic. And despite the human and economic toll of the virus, ...
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Elan to restart production next week
Elan’s managing director, Marko Skrbin, told IBI that the company ceased all production on the 16th of March in order to comply with government recommendations and in the interest of the safety of the company’s staff.
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Q1 sales and profit up at Sanlorenzo
The board of directors at Italy’s Sanlorenzo Group approved the financial results for the builder’s first quarter ended March 31, confirming the prior forecast for improved revenues and profitability, along with a solid backlog
