Market News – Page 328
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NewsNew A$120m-plus Western Australia marina project advances with major dredging tender soon
Spoilbank Marina project to be completed by late 2022
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NewsBrunswick sees strong growth and M&A activity for 2021
Questions about capacity, volumes, earnings, acquisition opportunities and channel expansions were answered in today’s call with analysts; boat production expected to hit 40,000 units by 2022
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NewsDecision on Cannes show ownership expected 15 April
After years of legal wrangling, French marine industry association FIN today announced that the appeal lodged by Reed Expositions France to be recognised as the owner of the Cannes Yachting Festival took place in the Court of Appeal last week (Thursday 21 January) in the presence of FIN president Yves ...
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NewsFerretti renews Itama range
The Italian builder introduces upgrades to the Itama 45S, 62S and 75
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NewsMarineMax tops expectations
US boat retail giant, MarineMax, posted both top-line and bottom-line gains which bested analysts expectations and yielded a record first quarter
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NewsPrincess Yachts NSW moves to new Sydney HQ
Princess Yachts NSW has moved to a new head office in Sydney, Austalia, relocating to the heart of Double Bay.
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NewsNo significant movement on trade expected early from Biden administration
Don’t expect any significant movement on trade in the first 100 days of US President Joe Biden’s new administration, as the focus of the White House becomes the Covid-19 pandemic, the economy and the environment – three areas that have and will continue to affect the US recreational boating industry, ...
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NewsAicon Yachts to launch two new models in 2021 as part of brand’s ongoing rebuild
Following the global launch of the Aicon 66 at the Miami Yacht Show last year, the rebuilding of the Italian Aicon brand will continue in 2021 with the launch of two more models – the Aicon 78 and the Aicon Navetta 110. A further two new models – the Aicon ...
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NewsNew Volvo business to accelerate electrification
New business area, Volvo Engery, will provide batteries and charging solutions to other Volvo Group divisions and offer refurbished used batteries to external customes. The new business will also be responsible for hydrogen infrastructure solutions for fuel cell electric vehicles
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NewsYachting writer, America’s Cup historian Fisher dies at 85
Champion sailor, America’s Cup historian and the world’s preeminent yachting writer, Bob Fisher, died of cancer Monday at the age of 85. The news was confirmed to the Associated Press by Fisher’s daughter, Alice Davis, who said he died at his home in Lymington, England.
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NewsWake surf challenges in US “a perennial threat”
A move in the state of Virginia to keep wake surf boats 200ft from shore failed to gain enough support for full consideration by the legislature, but across the US in the state of Oregon, a decision is expected tonight to ban all tow sports on a 20-mile stretch of ...
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NewsNew Qatari owners for Antalya commercial port
Port Akdeniz includes a 235-berth marina operated by Setur Marinas
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NewsBig Q4 caps “year of extremes” for Marine Products Corporation
Strong sales of larger boats with greater feature content propelled Marine Products Corp to a 47.6% YOY sales increase during the fourth quarter Georgia, US-based Marine Products Corporation released its 2020 fourth-quarter and full-year financial results on Wednesday, ending a year of unprecedented upheaval on thoroughly solid ...
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NewsSwedish boatbuilder to launch new models, increase production capacities
Sweden’s Nimbus Group plans to introduce two new models this year
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NewsDutch foil-maker sees growth in recreational boating
Rik Breur won a European Inventor Award in 2019 for his Finsulate hull foil covered in tiny nylon microfibres to repel algae, barnacles and mussels In 2020, the Covid-19 pandemic was unkind to Dutchman Rik Breur. It prevented better sales of his antifouling system than he had ...
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NewsYacht management firm launches in South Africa
A new black-owned boat management and maintenance company has launched into the South African leisure boating sector.
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NewsSolid Q4 and year for Polaris; $600m in 2020 boat sales
Revenue gains of 24% for Q4 and 4% for full year highlight strong results for US boat and powersports equipment manufacturer
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NewsKorea boat show postponed to October
The organisers of the Korea International Boat Show (KIBS) have released a statement announcing the postponement of the show from March until October 1st, 2nd and 3rd 2021.
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NewsDelta ‘T’ Systems sold
Delta ‘T’ Systems, the US manufacturer of marine ventilation systems, has joined the Centek Industries family of companies. The move expands the breadth of marine solutions offered by Centek and provides additional opportunities and resources to Delta ‘T’ Systems.
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NewsUK shipyard secures £2m investment
Discovery Shipyard’s new owner made the capital injection through his investment vehicle Binti Marine Holdings
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