Market News – Page 363
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NewsSimpson Marine sells first Sanlorenzo SL96 in Asia
As reported by IBI in July, yacht sales in Hong Kong continue to be strong as Sanlorenzo Asia, represented by Simpson Marine, announced the sale of the first SL96 Asymmetric in Asia into Hong Kong. The SL96A made its debut at the 2020 Düsseldorf Boat Show and has been well-received ...
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NewsNova Luxe president targets ‘remote worker’ for future yacht sales
Nova Luxe president Marc Hawxhurst believes the rise of the ‘remote worker’ signals a new frontier in growing the global yacht market.
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NewsSunseeker invests capital to accelerate growth
Sunseeker has been back to full production since June The UK’s Sunseeker International, together with backing from its Chinese majority shareholder Dalian Wanda, is investing additional working capital with immediate effect in order to accelerate future growth plans. The brand is investing over £38m in new product ...
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NewsPrincess Yachts takes on record number of apprentices
The UK’s Princess Yachts is taking on a record number of 66 new apprentices this September after conducting 224 Zoom interviews for the positions over the lockdown period.
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NewsBalearic Islands to host first virtual Balearic Yacht Show
The Mallorca Chamber of Commerce and Balearic Marine Cluster have announced the launch of a new virtual boat show that will provide a unique opportunity to digitalise the nautical companies in the Balearics and reach a more international audience.
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NewsWhisperPower appoints French distributor
Dutch power and propulsion specialist WhisperPower has chosen SEIMI, part of the Alliance Marine Group, to serve as its overall distributor for the marine markets in France.
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NewsSABBEX welcomes lifting of international travel ban, easing of lockdown restrictions
Covid-19 restrictions in South Africa were eased on Wednesday following a significantly lower daily infection rate
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NewsYacht Racing Forum 2020 postponed
The Covid-19 pandemic has caused the postponement of another key marine leisure sector event in the UK. The Yacht Racing Forum 2020 (YRF), which was due to have been held in Portsmouth on November 23-24, has been postponed until 2021 but it will still take place in Portsmouth. This follows ...
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NewsHurricane Sally destroys or damages marinas and boats along its path
While now a tropical depression dumping massive amounts of rain, Hurricane Sally came ashore near Gulf Shores, Alabama on Wednesday, taking some by surprise and leaving boats strewn well inland or sunk at the dock. At least one marina was severely damaged and at least one man is missing. Earlier ...
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NewsParis Boat Show reorganisation and pleas for government support
The forthcoming Paris Boat Show to be held from December 5th to 13th and organised by the Fédération des Industries Nautiques (FIN) will have a very different layout this year. The exhibition will be reconfigured using Halls 3, 4 and 6 of the Porte de Versailles venue. It will not ...
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NewsBOATS2020 appeal to Secretaries of State rejected
Southampton City Council cancelled this year’s event on the eve of the show
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NewsRiviera reports strong sales of flagship model
The launch at the Sanctuary Cove International Boat Show in May last year of three Riviera Sports Yacht models in a new Platinum Edition saw the Australian boatbuilder move up a gear into a more luxury styling. The success of that initiative has been highlighted with news that it has ...
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NewsOXE agrees major order but scales back on 2020 growth forecast
Swedish diesel outboard engine manufacturer OXE Marine has signed a letter of intent with current central and southwest US distributor Diesel Outboards LLC (part of the Outdoor Network group) to expand ODN’s distribution territory to also cover southeast US. ODN’s expanded territory will include Florida, which according to OXE representants ...
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NewsBeneteau sells US plant; scales back at other facilities
Group Beneteau’s US production facility in Marion, South Carolina is being purchased by a fibreglass pool manufacturer, while the Group reduces production capacity and headcount across other facilities
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NewsVIVIC signs US$100m contract for development of electric yacht
VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it has completed ...
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NewsObituary: Bruno Coffre
Bruno Coffre, Ultra Marine Europe sales manager for France Bruno Coffre, Ultra Marine Europe sales manager for France, has passed away suddenly at the age of 61. He was best known for his passion for boats, especially blue water sailing with his family and friends. “Bruno was ...
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NewsUK investment group buys into Perini Navi
Italian brand reports €140m losses over nine years and no-go deal with Sanlorenzo
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NewsWorld Yacht Trophies 2020 held despite Cannes cancellation
While the 2020 Cannes Yachting Festival was unfortunately cancelled, one the key events traditionally held during the event – the19th edition of the World Yacht Trophies 2020 – still went ahead.
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NewsSA branding expert says boat wrapping taking off in local market
Johannesburg-based branding specialists Image Build is reporting a surge in demand for vinyl boat-wraps within South Africa’s luxury boatbuilding industry.
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NewsOsculati reports stable 2020
Osculati, the Italian distributor of marine equipment and accessories, is reporting stable growth with total revenues for the year ended 31 August 2020 of €71m compared to €72m in 2019.
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