Latest News – Page 638
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NewsLiqui Moly MD guarantees jobs
German oil and additive specialist Liqui Moly has released a statement to say that no workers will be laid off during the coronavirus outbreak. “If need be, I’ll waive my salary,” says Ernst Prost, managing director.
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NewsWinnebago suspends production at Chris-Craft
Winnebago Industries has announced that it is temporarily suspending production activities at its Chris-Craft and other production facilities in the US. The steps are designed to lower the probability of coronavirus exposure to employees and adjust future production output relative to demand.
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NewsNew Hong Kong show to launch in November
Hong Kong is set to have a new yacht show timed for November 19-22, 2020. The initiative follows the signing of an MOU (Memorandum of Understanding) between the Hong Kong Cruise & Yacht Industry Association (HKCYIA) and Verventia, organiser of the Singapore and Thailand yacht shows.
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NewsCoronavirus update | 23 March
Yamaha suspends US production; Dometic closes US facility; Maryland dealer, yacht-builder donate respirator masks; Denison launches ’virtual’ boat show
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NewsFerretti reports rise in revenues, issues Covid-19 statement
Production continues for now at Italian builder as it releases positive 2019 financials
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NewsNew October dates issued for Singapore show
The 10th edition of the Singapore Yacht Show (SYS), the key boat show for South East Asia and the Asia-Pacific region, has now been rescheduled to be held from October 15-18, 2020. Alongside this rescheduling, SYS will start a transformation of the event layout which will see it moving to ...
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NewsYamaha temporarily suspends production at US subsidiaries
Yamaha Motor US announced today that the company will suspend production at six of its US manufacturing facilities in response to the increase in Covid-19 infections in the United States.
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NewsUS boating industry struggles to maintain normalcy
The uncoordinated response of federal, state and local governments across the US is creating a myriad of circustances for manufacturers, retailers and boaters themselves.
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NewsGavio Group to combine Baglietto and CCN yards under the Baglietto brand
Yards closed until early April due to coronavirus
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NewsWalcon completes UK marina redevelopment
Walcon Marine, the UK-based marina builder, has completed a comprehensive reconfiguration of the mooring facilities at Lymington Town Quay in Hampshire.
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NewsDamen Shipyards Group names new COO
Damen Shipyards Group has named Marc van Heyningen as its next chief operations officer as of April 1. He joins after years at Fluor Corporation, a US engineering, construction and maintenance giant where his last position was vice president of operations.
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NewsDometic Marine closes Pennsylvania facility
Dometic Marine, formerly SeaStar Solutions, closed its facility in Limerick, Pennsylvania on Friday after the state ordered all “non-life-sustaining” businesses to close for an undetermined period of time to help stem the spread of COVID-19. The facility will remain closed as long as the order is in effect. “We recognise ...
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NewsCoronavirus update | 20 March
Mercury employee dies; Brunswick suspends production; Sunseeker to reduce workforce; New dates for Palm Beach, Singapore shows
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NewsBRP reports on 2020 results and COVID-19
The Canadian company said 2019 was an “incredible year” and was very bullish about the upcoming year prior to the coronavirus outbreak with top-line growth projected across all product segments
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NewsWith many closures already, Volvo alters dividend proposal
In light of Group operations which are – or will be – temporarily closed, the Board of Directors will withdraw its proposal foran extra shareholder dividend given the significant changes in the business environment since announcing 2019 financial results
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NewsDometic expects negative impact on Q1 results
Sweden’s equipment manufacturer Dometic Group warned of a negative impact on demand and financial results in the company’s first quarter, and withdrew the previously proposed dividend for investors
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NewsDelta ‘T’ Systems appoints sales and service provider
Delta ‘T’ Systems, the US manufacturer of marine ventilation systems, has appointed Dania Beach, Florida-based Gillen Yacht Services as its newest authorised sales and service provider.
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NewsChinese boatbuilding regains traction; HK market still down
Boatbuilding in China appears to be regaining traction, according to Simon Boyde, director of Hong Kong-based Storm Force Marine. In Hong Kong, however, the market remains down. Storm Force is a leading supplier of marine equipment to the boatbuilding industry throughout the region. Speaking about business in China, Boyde says: ...
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NewsSunseeker to temporarily reduce workforce, salaries
The measures are part of an effort to avoid compulsory redundancies
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