Market News – Page 350
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NewsJapan to hold new floating and virtual boat show as market recovers
The Japan Marine Industry Association (JMIA) has decided not to go ahead with its indoor show planned for March in Yokohama but instead will be holding a new style floating and virtual show in April with dates and location still to be determined.
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NewsLippert reports ‘exceptional’ Q3
US-based Lippert Components added its Q3 results to the recent stream of good sales and revenue reports coming out of the third quarter, generated by the unexpected surge in demand for outdoor products in 2020 – including boating.
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NewsPropspeed partners with CMP Group Ltd for international distribution
New Zealand-based underwater coatings specialist Propspeed has partnered with CMP Group Ltd for international distribution. Under the terms of the agreement, Propspeed will be distributed by CMP Europe in Italy and Jia Da Specialty Metals, a division of CMP Group, in China.
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NewsFortress Anchors appoints new European sales rep
US-based anchor manufacturer, Fortress Marine Anchors, has appointed IMDS as its sole sales representative in Europe.
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NewsBrunswick ramping up production to meet off-season demand
Brunswick Corporation’s impressive double-digit growth during third-quarter landed CEO David Foulkes an appearance on financial network CNBC’s ‘Mad Money’ to close last week, where he told host Jim Kramer the boat and motor manufacturer is tolling up production at all of its plants.
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NewsDrydocks World replaces Damen in Bijela superyacht refit yard development
Damen asked to be replaced
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NewsBrisbane to boost role as superyacht refit centre with Rivergate Shipyard expansion
Rivergate Marina and Shipyard, one of Australia’s leading superyacht refit and repair facilities, is embarking on a A$200m expansion project that will see some 1,500 marine industry jobs being created. It is estimated that this investment could boost the Queensland economy by A$1bn a year and also create some 500 ...
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NewsBeneteau makes key US appointments
Groupe Beneteau today announced that Nick Harvey and Andy Lindsay are to take on new roles with the group’s US brands.
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NewsBelgian sector lifts its boat shows from the doldrums
There are plans for a show at Nieuwpoort marina in March 2022 Belgium is planning to stage new boat shows, restoring some sheen to its boating and watersports events that spent the better part of the past decade in the doldrums. Nautibel, Belgium’s watersports and recreational boating ...
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NewsRegistration now open for Balearic Yacht Show
Registration is now officially open for the Balearic Yacht Show. The first virtual yacht show in the Mediterranean will bring together the main players in the national and international marine industry from November 18-20, featuring three days of live events and conferences as well as virtual stands from more than ...
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NewsMini tsunami hits Greece, Turkey, damaging boats
A 7.0-magnitude earthquake centred off Turkey’s Izmir province struck at around 15:00 TRT today, causing widespread destruction of buildings and damaging boats.
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NewsAppointment at Future Fibres
Valencia, Spain-based Future Fibres Ltd recently announced that accomplished offshore sailor Pete Cumming has joined the firm in an advisory capacity, with immediate effect.
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NewsHong Kong Yacht Show: Verventia responds to HKCYIA’s announcement
As reported in yesterday’s IBI News, the joint organisers of the planned Hong Kong Yacht Show scheduled to take place next month appear to be in dispute. Following the announcement of postponement at the request of the majority of the key players in Hong Kong’s yachting industry, the local partner, ...
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NewsInvestment plan in Perini Navi develops
Last month Blue Skye Investment Group announced it had reached an agreement to restructure and inject capital into the near-bankrupt shipyard Perini Navi.
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NewsMiami cancellation surprises few, relieves many, disappoints an industry and begs new questions
The decision by the National Marine Manufacturer’s Association (NMMA) to cancel nine of its first-quarter boats shows, including the cornerstone and iconic Miami International Boat Show (MIBS), was met with a mixed reaction from the recreational boating industry. But one universal sentiment was expressed by Correct Craft president and CEO ...
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NewsRock star restores famous SA classic boat for ‘acoustic’ circumnavigation
A South African rock star has bought one of the country’s best-known classic boats with a view to circumnavigating the globe – with an on-board recording studio, the local Sunday Times newspaper reports.
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NewsHeysea Yachts exhibits first sailing catamaran at Shenzhen show
Italian and UK designers are both involved in the project
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NewsScottish boat dealer sold after decades of family ownership
Following negotiations which started in 2019, Scottish boat dealer Euroyachts, based in Largs, western Scotland, has changed hands after decades under family ownership.
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NewsBrunswick reports ‘outstanding’ Q3 and is bullish on 2021
The industry’s largest company said it outperformed the market in its third quarter ending September 30, achieving double-digit growth in sales and earnings. Historically-low boat inventory levels position the company exceptionally well for the remainder of the year and throughout 2021.
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NewsRV, marine drive Patrick Industries' strong Q3 growth
OEM component manufacturer Patrick Industries showed strong third-quarter growth that belies an otherwise off year due to Covid-related shutdowns of its facilities and the many industries it serves.
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