Market News – Page 307
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Oyster Yachts returns to profit; turnaround plan underpins future growth
Yacht production turnover to double by 2022 supported by strong sales and demand
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Baltic Boat Show cancelled
The organisers of the Baltic Boat Show, Riga Expo, in Latvia have decided to cancel the show which was due to have taken place in Riga later this month. The boat show, which would have been part of a larger general Outdoor Activities Exhibition, normally has approximately 100 exhibitors. This ...
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Yamaha previews high-performance electric drive system
New 350kW powertrain to debut at the end of May
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Hamburg Ancora Yachtfestival cancelled
Following extensive consultations with authorities and partners, Hamburg Messe und Congress GmbH have decided to cancel this year’s Hamburg Ancora Yachtfestival which had originally been scheduled to take place in Neustadt, Holstein from 28-30 May 2021. “We had prepared an exciting yacht festival for 2021, including a suitable health and ...
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World’s largest accessory retailer changes hands
Leading US marine aftermarket retailer West Marine joins Princess Yachts and Dutch superyacht builder Royal Van Lent in L Catterton’s marine stable in a deal announced today.
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New US industry group aims to promote boating, fishing
Numerous boatbuilders align to create South Carolina Boating and Fishing Alliance
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Appointment at Cummins
Nicole Lamb-Hale named vice president and general counsel, succeeding Sharon Barner
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German yacht-builder files for insolvency
German media reports luxury yacht builder Nobiskrug shipyard is closing its doors due to lack of orders
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Component supplier Patrick Industries to refinance debt
American equipment and component supplier Patrick Industries has announced a private offering of $350 million of senior debt notes; investor presentation details the company’s key performance indicators for the marine sector
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New investor buys into Fountaine Pajot
The world’s leading builder of cruising catamarans attracts new investor
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Prince Philip’s connections with the marine world
The late Duke of Edinburgh was an active sailor in his younger days as well as holding office as Admiral of the Royal Yacht Squadron and President of the Royal Yachting Association and an honorary member
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Pivotal figure in US boat finance retires
Bruce Van Wagoner, Marine Industry Leader of Wells Fargo Distribution Finance, is stepping down after 45 years in the boating industry, supporting the growth of distribution and inventory finance for boat manufacturers and their dealers
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Freedom Boat Club sails into Wisconsin, two new Chicago locations to open
The company now touts over 260 locations in three countries
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French company to launch first electric boat motor this May
New electric boat motor to be launched next month
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EU slaps import duties on Chinese aluminium; accuses Beijing of dumping
The tariffs vary from 19.3% to 46.7% depending on the exporter
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SailTime Virginia gets new owners, new name, new vision
Fractional ownership boat club Sailtime has sold its Virginia Beach, Virginia location to new owners with bold expansion plans, a company news release announced. SailTime Virginia Beach has been rebranded to SailTime Southern Chesapeake Bay to reflect the expansion plans of new owners Greg Garrett and Al & Connie Motley ...
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Patrick Industries acquires SeaDek
US-based components manufacturer Patrick Industries today announced that it has completed the acquisition of Hyperform Inc, parent to the SeaDek brand of non-slip foam flooring for the marine OEM and aftermarket. Hyperform also serves the pool and spa, powersports and utility markets under the SwimDek and EndeavorDek brands, collectively known ...
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Galeon Yachts web redesign for a ‘new way to shop’
Galeon Yachts, the privately held Polish builder, has launched a web redesign aimed at capturing the increase in online sales since the beginning of the Covid-19 pandemic. Touting “faster, more straightforward navigation and a more user-friendly experience”, Galeon brand manager Bob Burke said that the importance of a brand’s website ...