Market News – Page 280
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Bahamas moves to be “flag state” for superyachts
Adopting the Bahamian flag would encourage home-base porting
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Marine Products Corp Q2 sales up 65%
255% YOY jump in operating profit, 239% increase in net income highlight positive second quarter for US boatbuilder
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Fipa reports busy summer season with seven boats delivered in two months
The Italian builder’s Maiora and AB Yachts brands are in strong demand
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ComMar expands technical sales and support team
Brian Steele joins the company from Seakeeper Inc
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ABYC and US Coast Guard launch online training series
New series of online conferences to focus on training, risk mitigation in boatbuilding
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Second acquisition in a week for OneWater Marine
Definitive agreement to acquire PartsVu marks a notable expansion into the parts and accessories sector for US boat dealer
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Sunseeker’s reports loss following Covid production shutdowns; sales boost in Q4
Boatbuilder sees production and sales levels pick up in Q4
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Golden Manufacturing expands Florida plant
Florida-based boat lift manufacturer adds 18,000ft² of new production space to meet growing demand
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Record Q2 for Polaris
Boat sales surge by 40% while recording 155% YOY gain in gross profit to help drive strongest second quarter in company history
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2021 IBEX Education Conference – details revealed
This year’s event takes place on the 30th anniversary of the IBEX show
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Hubbell Q2 net sales up 26%
Shore power equipment manufacturer reports gains in sales, gross profit, operating income, net income in solid second quarter results
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Cape Town boat exports impacted by Transnet cyber-attack drama
Conjestion at South African Ports causes long delays
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Oasis Marinas secures new investment from Access Holdings
Funding will help expand the company’s marina activities
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Vetus appoints YellowV product sales manager to help double brand turnover
Nick Tuinenburg promoted to newly created role
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Veethree appoints UK distributor
IMP to represent VeeConnect digital switching systems in Britain
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Marine lenders’ report shows no new funding technology, decline in loan defaults
The NMLA report uncovers a number of surprising findings
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Superyacht insurance firms end merger discussions
Conflict with US Justice Department brings talks to an end
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World Cat rolls out first boats from new Greenville plant
Facility acquired in August 2020 ready to ship product in just 11 months
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Spradling acquires assets of US competitor
The agreement strengthens Spradling’s presence in the US Midwest and Southeast