Market News – Page 325
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Prague latest European boat show to cancel
The Prague boat show, which was to have been held from March 19-20, has been cancelled because of concerns about the restrictions being imposed by the Czech government on the holding of exhibitions during the current pandemic. The show organisers ABF Trade Fairs are hoping to rearrange the exhibition for ...
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Borrow A Boat crowdfunding raises £500k for international expansion
The UK-based, peer-to-peer boat charter platform Borrow A Boat (BAB) has raised nearly £500,000 in equity from a crowdfunding campaign to be used for international expansion in 2021.
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AkzoNobel quits bidding war for Tikkurila, says PPG bid too high
Dutch firm abandons bid for Finnish paint maker
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Suzuki sees sales growth in US and Asia
High power outboard sales in North America help drive growth
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Oyster’s new sub-50ft yacht - first images
The UK’s Oyster Yachts has released the first pictures of its much-anticipated 50ft yacht, the Oyster 495.
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UK Sailing Academy receives largest donation to date
Work will start this month on the construction of a new 136-bed accommodation centre for the UKSA (UK Sailing Academy), the 30-year old UK non-profit maritime charity. The new facility at the UKSA’s Cowes campus will allow an extra 3,000 children and young people to be taught in time through ...
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Johnson Outdoors Q1 operating profit up 245%
US equipment manufacturer marks significant YOY gains in fishing equipment and watercraft sales following “unprecedented” quarter
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Lund Boats adding jobs as US boat demand continues
Pace of production has not let up since the Covid shutdown ended last April
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Annapolis spring shows to combine
Annapolis, US-based boat show producer Annapolis Boat Shows has announced plans to combine its two spring events into a single combined boat show.
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Two Turkish superyacht builders sign new contracts
Two Turkish superyacht builders announced this week that they have signed new superyacht contracts. The two builders are Bering Yachts and Numarine.
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Dutch tourism sector wants concerns ‘higher on political agenda’
HISWA-RECRON says the recreation industry in the Netherlands needs stronger leadership
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Riviera launches new flagship
Australian boatbuilder Riviera this week announced a new yacht, the 645 SUV.
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Dometic continues shift towards aftermarket; stock trading at record high
In 2020, Swedish equipment maker Dometic extended its reach in consumer channels and expanded to new markets focused on the outdoors; a new acquisition kick-starts 2021… with more M&A to come
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Correction: New Sparcraft South Africa co-owner eyes US market
In our story posted on Tuesday, ‘New Sparcraft co-owner eyes US market’, we failed to specify that the story referred specifically to ‘Sparcraft South Africa’. Sparcraft South Africa is not related to either Sparcraft America or Sparcraft France. Sparcraft France and Sparcraft America are both part of the ...
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Suntex Marinas acquires downtown Miami facility
Prime Marina Miami acquisition brings Suntex marina portfolio to 30 properties in US
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Xylem Q4, full-year results exceed expectations on strong year-end growth
Rule, FlowJet and Jabsco parent reports Q4 and FY revenues of $1.37bn and $4.88bn respectively
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Despite mother nature, economy, perseverance keeps Scout Boats afloat
Despite a roller coaster economy, and a couple of bouts with Mother Nature, hard work, perseverance and a sense of family have kept South Carolina independent builder Scout Boats sailing forward into a bright future.
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ONM initiates start of assembly of OXE diesel outboards for US market
In-line with the manufacturing agreement between Sweden’s OXE Marine AB and Outdoor Network Manufacturing (ONM) in the US, the start of assembly of OXE125-200 diesel outboard engines has been initiated by ONM at its facility in Albany, Georgia.
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MarineMax hires UK brand consultant
MarineMax, the largest recreational boat and yacht retailer in the US, has appointed UK-based brand and creative consultancy, Propaganda, as its new strategic partner.