Latest Company News – Page 202
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NewsVETUS launches virtual boat show
Dutch equipment distributor and manufacturer VETUS has launched a virtual boat show in order to showcase its products and systems. The VETUS Virtual Boat Show allows visitors to ‘walk’ around the company’s virtual stand, browse a range of equipment, and view product information and specifications. The platform will also be ...
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NewsUK maritime training business fighting to survive
Red Ensign Training hit hard by Covid-19 and impact on marine industry
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NewsSimpson Marine sells first Sanlorenzo SL96 in Asia
As reported by IBI in July, yacht sales in Hong Kong continue to be strong as Sanlorenzo Asia, represented by Simpson Marine, announced the sale of the first SL96 Asymmetric in Asia into Hong Kong. The SL96A made its debut at the 2020 Düsseldorf Boat Show and has been well-received ...
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NewsNova Luxe president targets ‘remote worker’ for future yacht sales
Nova Luxe president Marc Hawxhurst believes the rise of the ‘remote worker’ signals a new frontier in growing the global yacht market.
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NewsSunseeker invests capital to accelerate growth
Sunseeker has been back to full production since June The UK’s Sunseeker International, together with backing from its Chinese majority shareholder Dalian Wanda, is investing additional working capital with immediate effect in order to accelerate future growth plans. The brand is investing over £38m in new product ...
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NewsPrincess Yachts takes on record number of apprentices
The UK’s Princess Yachts is taking on a record number of 66 new apprentices this September after conducting 224 Zoom interviews for the positions over the lockdown period.
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NewsWhisperPower appoints French distributor
Dutch power and propulsion specialist WhisperPower has chosen SEIMI, part of the Alliance Marine Group, to serve as its overall distributor for the marine markets in France.
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NewsRiviera reports strong sales of flagship model
The launch at the Sanctuary Cove International Boat Show in May last year of three Riviera Sports Yacht models in a new Platinum Edition saw the Australian boatbuilder move up a gear into a more luxury styling. The success of that initiative has been highlighted with news that it has ...
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NewsOXE agrees major order but scales back on 2020 growth forecast
Swedish diesel outboard engine manufacturer OXE Marine has signed a letter of intent with current central and southwest US distributor Diesel Outboards LLC (part of the Outdoor Network group) to expand ODN’s distribution territory to also cover southeast US. ODN’s expanded territory will include Florida, which according to OXE representants ...
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NewsBeneteau sells US plant; scales back at other facilities
Group Beneteau’s US production facility in Marion, South Carolina is being purchased by a fibreglass pool manufacturer, while the Group reduces production capacity and headcount across other facilities
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NewsVIVIC signs US$100m contract for development of electric yacht
VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it has completed ...
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NewsOsculati reports stable 2020
Osculati, the Italian distributor of marine equipment and accessories, is reporting stable growth with total revenues for the year ended 31 August 2020 of €71m compared to €72m in 2019.
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NewsCrowdfunding is fuelling electric boat motors as Oceanvolt nets €650,000 in four days
Electric power and propulsion systems manufacturer Oceanvolt is getting a financial jolt for its electric boat motor development, having raised €650,000 in the first four days of a crowdfunding campaign that hopes to net €1.5m, in what seems to be a growing trend for on-water electric propulsion. This is actually ...
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NewsPolish builder in major recruitment drive
Poland’s Sunreef Yachts has announced that it is hiring over 200 new employees at its shipyard in Gdansk.
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NewsDutch yard signs contract for 120m SY
The Espen Øino-designed superyacht is due for delivery in 2025
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NewsRolls-Royce announces MTU Series 2000 power upgrade
Rolls-Royce has increased the output of its 12-cylinder MTU Series 2000 M96 engine from 1,432 kW to 1,472 kW, equivalent to more than 2,000hp.
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NewsAustralian multihull builder expands US presence
McConaghy Boats of Australia has formed a strategic partnership with Engel & Völkers, based in Newport Beach, California, making it the company’s preferred partner for the sale of McConaghy Multihulls. The announcement comes as McConaghy expands its Multihull range and sets its sights on sales growth in the US.
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NewsOXE Marine AB upgraded to OTCQX market
Swedish diesel outboard maker OXE Marine AB has qualified to trade on the OTCQX market.
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NewsWhittley Boats opens new sales and service facility in Sydney
Whittley Marine Group, one of Australia’s leading trailerable fibreglass boat builders, has established a new boat retail sales and service facility in Sydney.
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NewsSanlorenzo strengthens UK sales network
Italian superyacht-builder Sanlorenzo has teamed up with its UK partner, the Ancasta Group, to establish Sanlorenzo UK. With an order book of €613m, Sanlorenzo says the announcement reflects the importance of the UK market and its positive view of the years ahead.
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