Market News – Page 338
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NewsPalma moves to capitalise on yacht maintenance boom
Palma de Mallorca in the Balearics is ripe for international promotion as a yacht maintenance centre, according to its Institute of Business Innovation. While virtually every business sector in Mallorca has been devastated by the coronavirus pandemic, Palma’s shipyards have been thriving with vessels requiring maintenance, with three yachts in ...
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NewsNew Bahamian superyacht marina to be operational next month
The redevelopment of an old marina into the new Hurricane Hole superyacht marina at Paradise Island in the centre of Nassau, the Bahamian capital, has received praise from Prime Minister Hubert Minnis as a project that will benefit the country’s economy.
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NewsHanse Yachts establishes new technical centre
Germany’s HanseYachts and its Polish subsidiary TTS jointly launched the BALTICDESIGN Institute today
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NewsWake sports boat makers make a splash with big gains to start the week
Two Tennessee-based US wake sports builders both had a big day on Wall Street Monday, as shares of MasterCraft Boat Holdings climbed nearly 5% while Malibu Boats soared nearly 8%.
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NewsNetherlands enters unprecedented five-week lockdown, boatbuilders to maintain staggered shifts
Dutch PM Mark Rutte: Government ”strongly recommends” limiting guests older than 13 to three over Christmas The Dutch government has imposed a five-week, nationwide lockdown shutting schools, universities, daycare centres, just about all shops except food stores, museums, theatres, amusement parks and zoos. The drastic move followed ...
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NewsPalumbo SY Refit opens service point covering Central America and the Caribbean
Palumbo SY Refit, a leader in the refit and repair of sailing and motor yachts, has established its first service point covering the Central America and Caribbean area.
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NewsAzimut Yachts strengthens SE Asian presence
Italy’s Azimut Yachts has strengthened is presence in South East Asia with the appointment of Tam Son Yachting as its authorised dealer in Vietnam.
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NewsFrench marine electronics group changes hands
Founded in 1984 under the name Micrel, France’s nke Group has new shareholders
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NewsUK naval architect in joint venture with high-tech laser scanning firm
UK firms Jack Gifford Marine Design Ltd (JGMD) and 3DMSI Ltd have formalised their long-standing laser scanning and naval architecture collaboration by creating a new joint venture.
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NewsCroatia and Greece identify nautical tourism as key post-Covid-19 recovery tools
A number of Mediterranean and Adriatic states have been seriously impacted by the Covid-19 pandemic in respect of their important tourism industries. Two of these are Croatia and Greece and both, as they set about developing recovery strategies for their tourism sectors, are looking to nautical tourism as a key ...
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NewsX-Yachts test launches first-ever powerboat
Danish sailboat builder X-Yachts took its first-ever motorboat model, the 33ft X-Power 33C, for a test drive on the weekend. Final assembly will take place later this week.
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NewsSpanish marina to double berth capacity
Mayor of Fuengirola Ana Mula has unveiled plans by the municipality to overhaul and expand its existing marina as part of a construction project worth around €91m (US$110m). The investment will allow the facility to increase its berthing capacity from 471 to roughly 1,000. A share of the berths will ...
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NewsAMI conference goes virtual
The Rhode Island, US-based Association of Marina Industries (AMI) has confirmed that its annual conference will be replaced by a virtual event for 2021.
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NewsStrong Q4 drives Johnson Outdoors to higher full-year earnings
Gains in revenues, profits led by strong sales of watercraft and fishing products; supply chains remain stretched
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NewsBrexit agreement hangs in the Balance
A preview the leading article in IBI`s forthcoming issue has publisher Nick Hopkinson hoping for a workable Brexit agreement
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NewsBaglietto launches new expansion plan
The ’Baglietto Wave’ investment plan ushers in sweeping change at the Italian builder, including a new management team, new models and shipyard expansion
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NewsNZ boat importers report strong sales boom
Austrailian, US and Italian brands are among those finding success in New Zealand’s boat sales surge
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NewsNew team takes the helm at Italy’s Fiart
October saw Ernesto De Bartolomeis, general manager of Fiart and grandson of the founder, leave the Italian yard. A new team is now in place to steer several new model launches which mark the company’s 60th anniversary.
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NewsFleming Yachts launches new flagship
US-headquartered Fleming Yachts has launched a new flagship model, the Fleming 85, which see the brand’s entry into the lower end of the superyacht market.
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