Market News – Page 343
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NewsBRP posts Q3 growth in sales and profits
As with other peers in the recreational sector, BRP saw continued momentum in consumer demand and growth in new entrants through its FY2021 third quarter, ending 31 October.
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NewsItalian start-up plans Series A crowdfunding campaign for electric hydrojet
Sealence hopes to raise €7m in financing
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![Navy 3.0_Highfield[2]](https://d1ajyvl96t5n4x.cloudfront.net/Pictures/100x67/6/6/5/12665_navy3.0_highfield2_596605.jpg)
NewsePropulsion appoints Italian distributor
ePropulsion, the marine electronic propulsion specialist from Hong Kong, has appointed Commerciale Selva as its new distributor in Italy.
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NewsFischer Panda UK strengthens leadership team
Marine diesel generator specialist Fisher Panda UK has strengthened its leadership team with the appointment of David Payne as business development director and Chris Baker as operations and technical director, effective January 1, 2021.
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NewsFrench VAT details on rental of pleasure boats clarified
The French Directorate of Tax Legislation (DLF), part of the Ministry of the Economy and Finance, yesterday clarified key elements concerning the new VAT regulations regarding pleasure boat rentals and leasing payments. The DLF had published the new tax instructions on this area on November 6, but they were to ...
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NewsVision Marine IPO opens higher, shares soar in first day of trading
Vision Marine Technologies’ first day of trading on the US Nasdaq saw its IPO open 10% higher, at US$11.03 per share, then gaining 72% at its peak before some profit taking closed the day at US$13.69, nearly 37% first-day growth. The Quebec, Canada-based manufacturer of E-Motion electric outboard powertrains announced ...
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NewsBritish Marine prepares for Brexit with launch of new Manufacturer’s Identity Code application and search facility
All global boatbuilders, including EU-based manufacturers, will have to register their MIC on the UK register to place a vessel on the GB market
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NewsProduction move impacts OXE Marine results; BMW to co-brand OXE300
OXE saw a busy third quarter with a 77% jump in its order book, further development plans with BMW and Evoy, preparations for production in the US and Poland, and first sales to China via partner Parsun Power
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NewsHelm becomes Dufour Catamarans agent
London-based broker Helm has become the UK sales and charter agent for Dufour Catamarans.
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NewsE-Motion outboards to go public, Vision to price placing
Vision Marine Technologies, the Canadian firm behind the E-Motion electric outboard, has announced an initial public offering of 2.4 million common shares at US$10 per share to raise US$24m before offering expenses. The new stock will be offered on the Nasdaq under the ticker symbol ‘VMAR’ with trading beginning today ...
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NewsNew UK marina, several upgrade projects in progress
Newark Marina’s James Wilkinson (R) with Jon Challis of Inland and Coastal The UK’s extensive inland boating sector, including areas such as the Lake District and its 2,000-mile canal network, play host to many marinas and marine leisure facilities. Recently one new marina on the Grand Union ...
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NewsManagement changes at Zipwake
CEO Lorentz Simonson and area sales manager Göran Fredin are retiring
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NewsRoyal Geelong Yacht Club named ‘2020 Club of the Year’
While 2020 will certainly be remembered as the year of the Covid-19 pandemic, for the Royal Geelong Yacht Club (RGYC) it will also be a significant year in the club’s 161-year history. Not only has it won the 2020 Club of the Year award in the recent annual Australian Sailing ...
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News2021 Gothenburg Boat Show cancelled
The organisers of the Gothenburg International Boat Show, typically the first of the Nordic boat shows, have cancelled next year’s event. After 61 consecutive years, the show that would have been held in early February will not take place due to the coronavirus pandemic.
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NewsControversial Malaysian marina project scrapped by state government
Construction at the site was halted in March due to Covid-19 A controversial RM43bn (US$14bn) port project including a yacht marina and cruise terminal promoted as being the largest in the region has been stopped by the state Government of Melaka (English name Malacca). Recent press reports ...
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NewsSunseeker to launch a record five new models
The five premieres will be unveiled in January 2021
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NewsSparcraft SA confirms new manager and co-owner
Mast manufacturer Sparcraft Masts SA has announced a new managing director and co-owner ahead of the retirement of long-time manager Michael Mitchell – better known as ‘Tich’. Chris James, who has worked with the company for the past 15 years in Durban, will take over full-time from January next year, ...
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NewsChange at the head of Latitude 46 and Wauquiez
The recent retirement of industry veteran Christian Iscovici, head of Latitude 46 and Wauquiez since 2007, has led to a review of the company structure by main shareholder, Experton-Revollier Group.
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NewsSpanish region implements measures to support local marinas, accelerate licencing procedures
Regional authorities to facilitate marina licencing processes
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