Latest Company News – Page 219
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NewsLowrance SA expands dealer network but warns of Covid-19 headwinds
Liz Plotz at Lowrance SA is trying to soften the blow for dealers South African marine electronics distributor Lowrance South Africa has expanded its dealer network but warns of stiff economic headwinds caused by the global coronavirus epidemic. The electronics company added two dealers to their network ...
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NewsThree boat brands fall victim to coronavirus as Polaris ends Indiana boat production
Polaris has discontinued production of three of its boat brands and will be shuttering the Syracuse, Indiana plant where they are made.
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NewsRailblaza celebrates 10th anniversary
New Zealand-based Railblaza recently celebrated its 10th anniversary of designing and producing accessories for the marine industry. The company’s founder, Ross Pratt, struggled to find a reliable solution to securing items to vehicles or boats. Born out of necessity, Pratt developed a system that he quickly realised would provide the ...
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NewsDeutsche Yachten expands membership
Deutsche Yachten, the German superyacht industry group, has taken on two new member companies – marine communications specialist Yachtelektronik Kruse and akf bank, a leading finance partner for those buying yachts of up to 50m in length.
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NewsWave International appoints Italian distributor
Stelio Bardi Srl to repreent Wave’s MiniBOSS OWS in Italy, Monaco and Malta
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NewsYamaha suspends production at outboard engine factories following US closures
Lower demand and supply problems are factors in the latest decision to suspend production for effectively a month
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NewsBrunswick Corp lends support in fight against Covid-19
Brunswick Corp and many of its brands are doing their part to help those on the front lines in the fight against Covid-19.
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NewsCorrect Craft producing PPE
Just one week after its Florida operations were curtailed due to the COVID-19 pandemic, Correct Craft is beginning to produce Personal Protective Equipment (PPE) at its facilities there and in California.
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NewsAntonini Group launches new yacht brand
Italy’s Antonini Group, a commercial shipbuilder active in the oil and gas industry, has entered the luxury yacht market with the creation of a new brand – Antonini Navi. The project is the brainchild of Aldo Manna and has the full support of the Antonini family, with a planned investment ...
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NewsLippert execs take pay cut, trim jobs, create emergency fund
American equipment maker Lippert Components announced further measures the company is taking to weather the Covid-19 storm including salary reductions, job furloughs, and emergency funding for employees impacted by the crisis. The company said it would ‘pause’ on acquisition activity aimed at diversification, but continue to invest in technology
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NewsNMMA announces 23 layoffs, discontinues export development program
Further to today’s IBI News Flash entitled ‘Layoffs at NMMA’, the US trade association has just released the following email to its member companies. Dear NMMA Member, I hope you and your family are well and remaining healthy. Over the past month, the NMMA team has been working closely with ...
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NewsTwin Disc reducing salaries, staff to combat COVID-19
Twin Disc, the maker of marine and off-highway power transmission equipment, has announced a series of…
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NewsEcoworks Marine appoints NZ distributor
UK-based Ecoworks Marine has expanded into the Southern Hemisphere with the appointment of 37 South as its official distributor in New Zealand.
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NewsYanmar establishes new marine company
In order to better to support the continued growth of its marine business, Osaka, Japan-based engine builder Yanmar has established a new company operating as Yanmar Marine International Asia (YMIA).
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NewsMcConaghy shipyards in China and Australia fully operational
McConaghy, the builder of high-performance and specialised mono- and multi-hull yachts and superyachts, states that its yards in Australia and China are both fully operational.
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NewsTwo more flagship Silent 80 catamarans sold
Silent Yachts has sold six units of its flagship model since launch
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NewsDLBA uses AI technology to develop new superyacht concept
US-based DLBA Naval Architects is developing a 58m superyacht concept that thinks through all the vessel systems to see where artificial intelligence can take the superyacht experience to the next level.
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NewsArcadia Yachts announces sale of new Sherpa XL
The Italian builder also has another four yachts on order
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NewsRolls-Royce uses financial measures to combat COVID-19 challenge
Measures include a dividend cut, revolving credit and reduced salaries
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NewsAmels on track to launch nine yachts in 2020
Dutch superyacht maker Amels is confident it will be able to launch nine yachts in 2020, despite the coronavirus’ debilitating impact on the company and the Dutch economy as a whole.
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