Market News – Page 277
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News“Unprecedented” third quarter for Johnson Outdoors
Fishing revenues up 51%, watercraft sales up 30% as US recreation products manufacturer reports “another quarter of unprecedented results”
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NewsGulf Craft records 42% increase in order book value
Middle East builder also reports 71 confirmed orders for first six months of 2021
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NewsWhy some analysts believe the boating boom will continue
Demand was on the rise even before Covid
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NewsPatrick Industries buys US marine products manufacturer
The acquisition complements Patrick’s growing portfolio in the OEM market
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NewsEgyptian Prime Minister orders completion of yacht tourism strategy
New plan aims to optimise use of Mediterranean and Red Sea coasts
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NewsBrunswick to raise $1bn from capital markets for acquisition
Tender offer to finance deal closes on the 10th August
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NewsSpaceX to bring satellite internet to cars, boats and planes
An application to be able to add Starlink to moving vehicles was filed back in March
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NewsUS/Canadian border reopening excludes boaters
The border has been closed to non-essential travel since March 2020
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NewsUS boating accidents up in 2020
US Coast Guard study shows 26% increase in boating accidents last year as numbers of new boaters surge
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NewsAustralian boat facilities to benefit from A$6.2m dredging programme
NSW Maritime identifies five priority locations in Queensland
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NewsMercury Marine announces new global leadership team
Multiple job moves and promotions announced
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NewsYamaha marine business sees significant growth
Half-year results reveal sales and profits for period to June 31
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NewsNZ plastics firm shut down 6 to 8 months following fire
Devastating blaze flattens TruDesign Plastics’ production facility; owners looking at alternate ways of resuming production while facility is rebuilt
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NewsMyers Industries Q2 revenues climb 58%
Gains in revenues, operating income, net income and adjusted earnings-per-share point to strong quarter for US plastics manufacturer, in spite of rising input costs
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NewsUS marina owner undergoes major recapitalisation
Action led by Fireside Investments supported by other investors and management
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NewsCummins reports strong Q2 results
Near 60% sales growth and triple-digit gains in operating income, net income driven by surging North American markets
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NewsNeander Motors appoints global sales director
Joel Reid will be responsible for defining a commercial strategy for the business
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