Market News – Page 303
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NewsPremier Marine acquired by investment firm
Envision Co enters leisure marine business with purchase of luxury pontoon boat builder
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NewsOXE Marine publishes latest figures reflecting challenges of the times
Turnover was down by just under 2% in the first quarter of 2021
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NewsTwin Disc sees improved earnings amid tough market conditions
Sales for the fiscal 2021 third quarter decreased to US$57.6m
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NewsEquipment maker Lippert acquires German company
Described as part of its broader European strategy, US based Lippert Components has established a new subsidiary in Germany and added German supplier Schaudt to the fold
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NewsNimbus reports strong year-end results
Swedish builder reached net sales of just over SEK 1bn in 2020
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NewsIn what is shaping up to be a record year, Wajer Yachts unveils 23.5m flagship
The Wajer-77 marks a new era for the company
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NewsAllpa appointed distributor of new VeeConnect in Benelux and Germany
Dutch wholesaler to exclusively represent Veethree’s latest digital switching system
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NewsNZ marina developer welcomes court decision
Consent granted for construction of new marina on Waiheke Island
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NewsReconstruction of Greek port to begin next week
Aegina Perdika Marina is a popular sailing destination
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NewsSouth Africa flags plans for Cape Town Ocean Economy hub
South Africa’s Victoria & Alfred Waterfront, the key launching pad for most of the country’s new-build yachts, plans to establish an Ocean Economy hub at the popular Cape Town site. The move is the latest push to raise Cape Town’s profile as a preferred superyacht and boatbuilding destination. V&A chief ...
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NewsPatrick Q1 sales up 44%, net income up 124%
US component manufacturer posts robust Q1 numbers on strength of continued strong demand for boats, RVs
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NewsBrunswick: “Fantastic start to 2021”
In a wave of positive first quarter financial results, it’s hard to find new superlatives to describe unprecedented boating industry growth: today US boating leader Brunswick reports nearly 50% increase in revenues and builds more than 9,400 boats in Q1
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NewsPerini Navi rescue deal put forward by owning company Fenix
€50m capital increase projected in deal with Italian investment fund
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NewsVolvo-Daimler to make hydrogen fuel cells in Europe
Sweden’s Volvo Group and Germany’s Daimler AG announced today they will start developing, producing and commercialising fuel cells in Europe by 2025 via their joint venture – ’cellcentric’ – and called for EU policies to help make zero-emission technology commercially viable
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NewsHurricane Boats expands manufacturing
US fibreglass boat builder begins production at former Rinker plant
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NewsOneWater Marine reports record Q2, 74% revenue hike
US boat retailer “firing on all cyclinders”
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NewsSunreef releases first images of new solar power system
Polish catamaran builder Sunreef Yachts has released the first pictures of the company’s in-house developed solar power system. Using ultra thin, shock-resistant and highly efficient solar cells, it is said to be the industry’s first composite-integrated photovoltaic technology. Sunreef’s solar power system is currently being integrated on both power and ...
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NewsLithium batteries withdrawn following fires in France
Reports in France say that after a series of explosions and fires, the Prefecture of Pyrénées-Orientales in the south-west of the country has ordered the suspension of sales and recall of all lithium batteries of the ‘Energy Cases’ brand, marketed by SAS P.C.E, based in Perpignan. The batteries were suspected ...
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NewsMarine Products Corp reports strong Q1 results
Chaparral, Robalo and Vortex boats parent reports 106% YOY increase in operating profit, 92% gain in net income
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