Latest News – Page 549
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NewsCatalina Yachts EVP to retire
Gerry Douglas announces plans to step down from executive vice president role at US sailboat builder
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NewsInvestors in boatbuilding – the successes and failures of the past seven decades
International Boat Industry (IBI) will be presenting a three-part series starting on Thursday which tracks mergers and takeovers in the boatbuilding business and the outcomes for strategic and financial investors from the 1960s to the 2020s.
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NewsFormer Ferretti owners purchase the Boats Group for a reported $850m
The private equity firm Permira, which had a controlling stake in Ferretti in the early 2000s, has re-entered the marine leisure industry by acquiring Boats Group from fellow private equity investors, Apax Partners. Although the deal was struck on the 29th of December, the transaction value was not disclosed either ...
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NewsChris Craft is part of Winnebago Q1 gains
Strong consumer interest in the outdoors continued to drive sales, revenues and profitability in the first quarter, ending 28 November, for the manufacturer’s portfolio in recreational vehicles and Chris Craft boats
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NewsHeesen sells fifth superyacht of 2020 and second in December
Dutch superyacht-builder Heesen is ending 2020 on a high note with its fifth sale of a superyacht this year and the second in December. The latest contact is a highly customised motoryacht based on the proven platform of the 50m Steel Class. The yacht will be constructed under YN 20150, ...
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NewsRYA releases Brexit update for UK boaters
The UK’s Royal Yachting Association (RYA) has launched a Brexit update which provides a summary of the changes which will affect UK recreational boating as the rules change in January 2021.
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NewsIndian boating market: High taxes and a lack of marinas continue to thwart growth, but potential is there
IBI’s Asia correspondent Mike Derrett speaks with Aashim Mongia, chairman of the Indian Marine Federation, about the leisure boating industry in India.
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NewsKiwi amphibious builder faces NZ$6.8m damages claim from rivals
After losing a protracted legal battle over copyright infringement, New Zealand amphibious boat builder Sealegs has been slapped with a NZ$6.8m damages claim ”plus a further amount to be quantified for reputational damage” from its two largest rivals. The damage claim stems from Sealegs’ 2016 allegations that Orion Marine and ...
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NewsRoyal Ocean Racing Club CEO to step down
Eddie Warden Owen has spent the last 12 years in the role
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NewsCustom Line reports record year
Custom Line, part of Italy’s Ferretti Group, has reported a significant rise in its order book, with yachts totalling over 200m sold in the last three months.
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NewsFountaine Pajot expects 2021 recovery
French catamaran builder Fountaine Pajot and parent company of Dufour Yachts confirmed its 2020 fiscal results confirming the negative Covid impact on both revenues and profitability
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NewsOyster Yachts in third recruitment drive within 12 months
UK yacht manufacturer Oyster Yachts is once again looking to expand its workforce to help deliver its full order book.
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NewsNZ$250k Grand Prize up for grabs at 2021 Hutchwilco NZ Boat Show
The recently announced Surtees/Yamaha Grand Prize for the 2021 Hutchwilco New Zealand Boat Show will again be a huge incentive for Kiwi boaties and fishers to attend the country’s largest, longest running and most popular boat show.
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NewsSpanish yacht design studio achieves laser scanning milestone
The Bravo Yacht Design Group (BYD Group) in Spain has just passed a milestone in respect of its use of high-tech laser scanning techniques, having worked on its 200th yacht scan. The total length of these yachts is in excess of 2,500m (8,208ft).
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NewsSportsman’s Warehouse to join The Great American Outdoors Group
Hundreds of US fishing and boating outlets consolidated following latest acquisition of the world’s largest boat dealer
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NewsReflections on 2020 as IBI closes for the year
IBI Editor Ed Slack reflects on a crisis like none other for the industry; IBI will be closed 23 Dec until 4 Jan when the daily news service resumes
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NewsIBI Dec '19 | Jan '20 digital issue
This issue of IBI includes an in-depth look at UK boatbuilders and equipment makers in 2020, along with a round-up on Spain’s boating industry including its active Refit & Repair sector. Naval architect Quentin Lucet discusses advances in foiling technology; and the duo behind the marketing pizzaz at Azimut ...
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NewsVision Marine named one of five promising stocks for the new year
Vision Marine Technologies has been cited as one of five promising stocks in five different market segments by investment firm Safehaven. In an online analysis, writer Alex Kimani details that while some sectors of the economy – like the travel and energy sectors – were devastated by the Covid-19 pandemic, ...
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NewsYacht sales driving south Florida real estate values
High net-worth clients snapping waterfront property simply to have somewhere to park their new yacht
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NewsCroatia Boat Show scheduled for early April 2021
The 22nd edition of the Croatia Boat Show is set to be held in Split from April 7-11, 2021, the organisers have announced.
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