Market News – Page 336
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NewsRYA releases Brexit update for UK boaters
The UK’s Royal Yachting Association (RYA) has launched a Brexit update which provides a summary of the changes which will affect UK recreational boating as the rules change in January 2021.
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NewsIndian boating market: High taxes and a lack of marinas continue to thwart growth, but potential is there
IBI’s Asia correspondent Mike Derrett speaks with Aashim Mongia, chairman of the Indian Marine Federation, about the leisure boating industry in India.
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NewsKiwi amphibious builder faces NZ$6.8m damages claim from rivals
After losing a protracted legal battle over copyright infringement, New Zealand amphibious boat builder Sealegs has been slapped with a NZ$6.8m damages claim ”plus a further amount to be quantified for reputational damage” from its two largest rivals. The damage claim stems from Sealegs’ 2016 allegations that Orion Marine and ...
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NewsRoyal Ocean Racing Club CEO to step down
Eddie Warden Owen has spent the last 12 years in the role
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NewsCustom Line reports record year
Custom Line, part of Italy’s Ferretti Group, has reported a significant rise in its order book, with yachts totalling over 200m sold in the last three months.
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NewsFountaine Pajot expects 2021 recovery
French catamaran builder Fountaine Pajot and parent company of Dufour Yachts confirmed its 2020 fiscal results confirming the negative Covid impact on both revenues and profitability
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NewsOyster Yachts in third recruitment drive within 12 months
UK yacht manufacturer Oyster Yachts is once again looking to expand its workforce to help deliver its full order book.
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NewsNZ$250k Grand Prize up for grabs at 2021 Hutchwilco NZ Boat Show
The recently announced Surtees/Yamaha Grand Prize for the 2021 Hutchwilco New Zealand Boat Show will again be a huge incentive for Kiwi boaties and fishers to attend the country’s largest, longest running and most popular boat show.
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NewsSpanish yacht design studio achieves laser scanning milestone
The Bravo Yacht Design Group (BYD Group) in Spain has just passed a milestone in respect of its use of high-tech laser scanning techniques, having worked on its 200th yacht scan. The total length of these yachts is in excess of 2,500m (8,208ft).
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NewsSportsman’s Warehouse to join The Great American Outdoors Group
Hundreds of US fishing and boating outlets consolidated following latest acquisition of the world’s largest boat dealer
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NewsVision Marine named one of five promising stocks for the new year
Vision Marine Technologies has been cited as one of five promising stocks in five different market segments by investment firm Safehaven. In an online analysis, writer Alex Kimani details that while some sectors of the economy – like the travel and energy sectors – were devastated by the Covid-19 pandemic, ...
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NewsYacht sales driving south Florida real estate values
High net-worth clients snapping waterfront property simply to have somewhere to park their new yacht
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NewsCroatia Boat Show scheduled for early April 2021
The 22nd edition of the Croatia Boat Show is set to be held in Split from April 7-11, 2021, the organisers have announced.
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NewsUS powerboat sales up 18% in October
The National Marine Manufacturers Association (NMMA) is reporting that sales of new powerboats in the US gained momentum in October, up 18% compared to September, and up 30% year-over-year on a seasonally-adjusted basis.
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NewsStrong French presence at METSTRADE Connect
The French pavilion was largest national pavilion at this year’s METSTRADE Connect, with 80 companies in ‘virtual’ attendance.
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NewsShanghai Boat Show news; 2021 prospects for China’s market
“After five years of dormancy, the market is now gaining momentum,” says Helena Gao, assistant general manager of Sinoexpo Informa Markets, in an interview with IBI. The company organises the forthcoming China International Boat Show to be held in Shanghai from April 1st to 3rd, 2021.
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NewsSharp rise in Covid-19 cases leads to cancellation of Sydney to Hobart race
With just a few days to go, the annual Sydney to Hobart sailing race, which normally starts on Boxing Day, has been cancelled because of a sharp rise in Covid-19 infections in New South Wales and the northern beaches area of Sydney in particular. The race is the leading event ...
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NewsPure Watercraft secures US$37.5m funding for electric outboards
US-based Pure Watercraft closed a US$37.5m Series A round of funding on Friday, which includes a previously announced US$23.4m. The oversubscribed funding round was led by venture capital and private equity firm L37, whose managing partner Randall Ussery will take a seat on the Pure Watercraft board of directors. “We ...
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NewsTwo new Sealine models unveiled in run-up to Christmas
Germany’s HanseYachts has announced the launch of two new boats from its Sealine range – the Sealine C335 and C335v. Both models are available with an inboard engine of up to 440hp for a top speed of 31kt, or twin outboards (2 x 300hp) for a top speed of up ...
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NewsHype launches luxury yacht rental in India
Luxury car rental company Hype has moved into the luxury yacht rental business. Customers can now rent out yachts for birthdays, anniversaries and other special occasions, with a variety of yachts available depending on their requirements. The service is currently available in Mumbai and Goa. A fleet of Bayliner 340, ...
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