Market News – Page 335
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NewsAkzoNobel boosts North American presence with New Nautical Coatings purchase
In a multimillion investment, global paint and coatings manufacturer AkzoNobel NV said it would significantly increase its market presence in North America and the Caribbean with the acquisition of New Nautical Coatings Inc, the owner of the premium Sea Hawk coatings brand. While no transaction figures were divulged about the ...
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NewsMalibu acquires Maverick for strategic, complementary hull and price point expansion
Malibu Boats has acquired the four brands of the Maverick Boat Group, expanding production capacity and distribution potential in what the parent company is calling a “strategic transaction that complements Pursuit and expands Malibu’s saltwater outboard offerings in boat type and price point.” Maverick, and its founder Scott Deal, are ...
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NewsLazzara Yachts Group names new EVP
Florida, US-based boatbuilder Lazzara Yachts Group has appointed Nils C Nelson as its new executive vice president. Nelson will lead the sales, business development, and customer service activities for the group, as well as using his varied industry experience to advance the company’s objectives.
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NewsOneWater buys eight Florida marinas and boat dealerships
The US retail giant has further expanded its presence in Florida with the acquisition of two more yachting businesses, including the company’s largest acquisition to date.
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NewsPost-Brexit, EU-Britain free trade deal can be an obstacle race
The EU-UK Trade and Cooperation Agreement inevitably presents hurdles for Europe’s boating and related sectors on both sides of the English Channel – from VAT to border red tape, from travel curbs to rules of origin. Recognition of professional qualifications is at stake. There will be free trade in goods, ...
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NewsUK yacht brokerage gets new owner
UK-based yacht dealership and brokerage firm Key Yachting has been taken over by Thinking Space Systems, a technical furniture company owned by Wayne Palmer and Hayley Quinn.
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NewsBoat Fix appoints new CEO
Connecticut, US-based telematics/marine customer service provider Boat Fix has named Penny Searles as its new CEO, with immediate effect.
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NewsUS RV shipments expected to jump by near 20% this year
Full-year wholesale sales expected to eclipse 500,000 units in 2021
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NewsCovid-related yacht incidents in Australia and Solomon Islands
Two incidents involving Covid-19 related cases occurred in Australia and the Solomon Islands in December.
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NewsYamaha Marine reorganises and announces management changes
With the objective of strengthening its overall marine business strategy and to increase value, Yamaha has announced that its current engine and boat sections will be progressively dissolved, and the marine business operations will be reorganised according to their specific functions. In order to accelerate marine product development and to ...
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NewsPrincess Yachts trading update highlights strong 2019-20 performance
The UK builder’s £600m order book extends into 2022 with company poised for further growth
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NewsInternational Superyacht Summit in Dubai is postponed
The organisers of the annual International Superyacht Summit in Dubai have announced a postponement of this year’s event, which was scheduled to run in March, until later in 2021. In a statement issued today, the organisers, Dubai-based Fabulous Yachts which runs the event under the patronage of P&O Marinas, said: ...
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NewsLippert acquires boat seating business
US-based Lippert Components expanded its holdings in the marine sector with third acquisition in 2020
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NewsVancouver Boat Show to go virtual
The Vancouver International Boat Show, normally held at BC Place with an in-water element at Granville Island, will be replaced in 2021 with a newly-announced virtual show Organisers of the Vancouver International Boat Show have confirmed plans to replace the cancelled 2021 event with a virtual boat ...
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NewsObituary: Bilgin Özkaynak
Bilgin Özkaynak, founder and owner of Marmaris Yacht Marina in Turkey, has passed away following an illness. His funeral was held in Istanbul on January 3.
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NewsGibraltar to join Schengen, minimising Brexit impact for yacht visitors
Under draft deal Spain extends Schengen arrangements to include Gibraltar
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NewsHatteras wants $2.5m lawsuit over custom yacht dismissed
Lawrence Smith filed a lawsuit last November against US boatbuilder Hatteras/Cabo Yachts over a $10.1m motoryacht. Smith entered into an agreement for the boat, a 2021 model Hatteras M98 Hull 101, in August of 2019 with an estimated delivery date of February 2021. But in March 2020 Smith was told ...
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NewsCatalina Yachts EVP to retire
Gerry Douglas announces plans to step down from executive vice president role at US sailboat builder
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NewsChris Craft is part of Winnebago Q1 gains
Strong consumer interest in the outdoors continued to drive sales, revenues and profitability in the first quarter, ending 28 November, for the manufacturer’s portfolio in recreational vehicles and Chris Craft boats
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NewsHeesen sells fifth superyacht of 2020 and second in December
Dutch superyacht-builder Heesen is ending 2020 on a high note with its fifth sale of a superyacht this year and the second in December. The latest contact is a highly customised motoryacht based on the proven platform of the 50m Steel Class. The yacht will be constructed under YN 20150, ...
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