Latest News – Page 2
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NewsWhat the US$2 trillion relief package means to the boating industry
With over half the US under ‘stay at home’ orders from state or local governments, President Trump has signed a US$2 trillion economic relief package aimed at workers and businesses of all sizes, while separate action has seen additional action on tariffs. The package allows businesses to delay payment ...
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Nimbus Boats lays off workers
Sweden’s Nimbus Boats, headquartered in Gothenburg, has announced that 60 of the company’s 110 boatbuilders at the factory in Lugnås will have to leave their jobs. This is due to lower sales of new boats since the coronavirus outbreak.
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Ecoworks Marine enters Middle East market
Ecoworks Marine, a UK manufacturer of eco-friendly cleaning products, has chosen Dubai-based Exalto Emirates as its distributor for the UAE.
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New OTAM 70HT nears completion
The ‘aeronautical inspired’ yacht will make its international debut at the autumn boat shows in 2021
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Princess, Sunseeker donate PPE to frontline workers
Two of the UK’s leading boatbuilders – Princess Yachts and Sunseeker International – are playing their part to ensure Britain’s essential services receive the much-required protective equipment that is in short supply across the world.
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Beyond COVID-19
IBI’s new weekly reminder that despite the unique set of events gripping the world, there are positives out there. Today’s Beyond Covid-19 highlights new investments, innovations and marine firms doing their bit in the battle against the Coronavirus.
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Dutch sector seeks guarantee fund as economic outlook darkens over coronavirus
The coronavirus will force a 3.5% drop in Dutch economic growth this year, says ABN AMRO. The Netherlands’ third largest bank sees growth returning in 2021, possibly by as much as 2.5%.
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Wartsila undertakes test with ammonia as lead-up to possible new fuel
With the marine sector being a major source of greenhouse gas emissions, there is much talk in the global yachting and superyacht market about the development of potential new fuels such as hydrogen, LNG or ammonia. It is known that a number of superyacht projects are already being planned to ...
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Suzuki to build US Marine Tech Center
Suzuki Motor of America is finalising plans for the Suzuki Marine Technical Center USA to be built on 20 acres of waterfront in Panama City, Florida. While an official groundbreaking date has not been set, site preparation is underway and exiting buildings on the property are in final renovation. ...
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Production continues at German yards
If any representatives of the boating industry in Germany had been asked six weeks ago about the prospects for 2020, the answers would have been almost entirely optimistic, with a satisfied look back at a fabulous last year. But with the spread of Covid-19 in Europe, everything is different. ...
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Boating industry answers the call
Boat and yacht manufacturers are donating PPE for frontline medical workers to help curb the spread of Covid-19
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Veleria San Giorgio leads fightback against Coronavirus
Italian lifejacket manufacturer turns its skills to making surgical masks for Ligurian hospitals
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Norwegian firm develops 150hp electric outboard
Evoy’s new motor will have its world premiere in Florø later this season
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New Fiji resort commits to sustainability
The developers of Nawi Island embark on innovative ways to safeguard the environment
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Coronavirus update | 26 March
NMMA issues statement | Cantieri del Pardo suspends production | BIA cancels three Australian shows
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NMMA/MRAA: Boating industry must come together to prevent a financial body blow to entire ecosystem
The National Marine Manufacturers Association (NMMA) in the US today released the following statement: ”Over the last few weeks, the coronavirus – officially known as COVID-19 – has brought most aspects of everyday life to a grinding halt. With each passing day in this new reality, it is becoming ...
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Princess issues stark warning as government funds prove elusive
Danger to supply chain as UK builder says lack of government support could threaten operations
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Ocean Alexander COVID-19 Update
Florida-based Merritt Island Boat Works, which builds Ocean Alexander Yachts, reduces work force and production
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€300m Ayia Napa marina due for completion ahead of summer Med season
The latest Cypriot marina development, the €300m Ayia Napa marina, is close to completion and will be ready in time for the Mediterranean summer season, although with the coronavirus pandemic it is not sure how that season might be impacted upon.
