Market News – Page 215
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NewsNew Turkish charter licence and VAT initiative highlighted at MYBA Charter Show
Associations working to improve Turkey’s yacht market
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NewsGarmin Q1 revenues a record $1.17bn
Marine revenues up 21% in strong first quarter, despite ‘old and new’ headwinds
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NewsRio Boat Show generates over US$50m in sales
More than 35,000 people visited the show’s 23rd edition earlier this month
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NewsSea-Fire distributor sold
Fire Ranger represents the company’s fire detection products in South Florida
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NewsSupply chain, logistics challenge Q1 revenues for Marine Products Corp
Component shortages and logistics bottlenecks lead to lower revenues and profits
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NewsRecord number of exhibitors to attend Palma show
More than 20 companies turned away due to lack of space
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NewsUS pontoon builder’s expansion plans already paying off
Waco Manufacturing completed its move to larger facilities in Arkansas in March
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NewsBonnier marine group part of strategy shift
Swedish-owned Bonnier Group says it has restructured operations and is rebranding its media business as an “Outdoor Adventure Company”
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NewsPolaris Q1 sales flatten under supply chain woes
Marine segment leads with 6% YoY sales growth, to $211.5m
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NewsHubbell reports Q1 sales, profit gains
Electrical equipment manufacturer reports 21% YoY revenue increase and near-40% jump in net income, reflecting what CEO describes as a “strong start” to 2022 fiscal year
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NewsSunseeker unveils new 100 Yacht
UK builder launches 29.9m vessel ahead of its delivery to the Med this summer
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NewsUS brokerage expands into Rhode Island
Ft Lauderdale-based company opens new location in Newport
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NewsSanlorenzo yacht catches fire, sinks in Valencia harbour
The explosion could have been caused by damage to the yacht’s lithium batteries
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NewsBorrow A Boat wins 2022 BOLD Award, hints at IPO
The UK-based boat hire and yacht charter marketplace has already completed a string of successful crowdfunding rounds, acquisitions and country expansions
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NewsDates set for 2022 Abu Dhabi show
The emirate’s key event scheduled for November, just after F1 season finale
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NewsBeneteau CEO to step down
Other key changes include new Boat Division CEO and board appointments
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NewsElectric boat builder expands to Canada
Magonis Boats appoints Canadian dealer for the Wave e-550
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