Market News – Page 366
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NewsLumishore expands R&D team
Lumishore, the UK-based LED lighting specialist, has expanded its R&D team with the appointment of David Thomas as mechanical engineering director.
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NewsCovid-19 shutdowns cut MasterCraft FY 2020 earnings
US boatbuilder posts losses of $10.1m for Q4 and $24m for 2020 full year, but issues positive guidance for FY 2021
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NewsTwo arrested for fraud linked to yacht-building business
Two South Africans have been charged with fraud in relation to Tag Yachts, a custom catamaran builder based in the Eastern Cape
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NewsOsculati invests €1.2m in production and logistics
Osculati, the Italian distributor of marine equipment, says it has prepared an “evolution plan” that will involve, in sequence, production, logistics and offices.
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NewsNumber of first-time boaters and female buyers up in US
Two new reports out this week indicate that it took just a few months of a global pandemic to reach what decades of marketing was only beginning to achieve: an increase in first-time and female boaters. Powersports marketing consultants Rollick has analysed and released data on boat-buyers entering the market ...
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NewsSanlorenzo wins ADI Compasso d’Oro award
Il mare a Milano: Sanlorenzo’s installation at Triennale 2017 Italian superyacht builder Sanlorenzo picked up an ADI Compasso d’Oro award in the ‘Exhibition Design’ category in Milan this morning for its ‘Il mare a Milano’ installation that was presented at Triennale di Milano in 2017. The company ...
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NewsMalibu gets favourable ruling for patent case
US ski & tow-boat manufactuer, Malibu Boats, reported a favourable court ruling. allowing it to move forward in its patent litigation against the Supra and Moomba boat brands, owned by Skier’s choice
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NewsSAIM and Quick jointly develop new thruster range
Italian equipment distributor SAIM Marine has signed a deal with Quick Spa, an Italian producer of marine accessories and on-board technical systems, to exclusively manufacture a new range of thrusters.
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NewsCox Powertrain celebrates first North American installation of diesel outboards
Ring Power installs twin CXO300 production engines on an Intrepid Nomad 345
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NewsSanlorenzo releases strong preliminary figures for July and August
Order backlog hits €613m as of 31 August 2020, up €47m in just two months
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NewsUS recreational fishing hits 12-year high
If there is a bright spot in the Covid-19 pandemic, one could certainly point to the outdoor recreation economy, which has been booming in the US since April, and now a new report from the Recreational Boating and Fishing Foundation (RBFF) bears that out, showing 50 million Americans have been ...
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NewsAzimut Yachts hosts own private boat show
Italy’s Azimut Yachts is the latest boatbuilder to host its own private boat show. From today until Sunday 13 September, the company is displaying its latest models, including the new Magellano 25 Metri with interiors by architect and designer Vincenzo De Cotiis, at its marina in Viareggio.
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NewsFlorida businessman charged after spending federal coronavirus aid money on a new boat
A Florida businessman has been charged with fraud after spending nearly US$700,000 received under a Covid-19 aid program on a new boat.
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NewsBrunswick buyback resumes
After suspending activity early this spring due to the uncertainty of the Covid-19 pandemic, Brunswick Corp will resume its share repurchase program starting today.
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NewsAncasta releases latest accounts covering ‘challenging year’
Ancasta, one of the UK’s largest boat retail operations, opened its commentary on the company’s latest annual accounts for the year ended August 2019 by citing ”Brexit and the associated effects including weak sterling” as a cause for increased pressure on both new boat volume and margins. This, in tandem ...
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NewsFort Lauderdale show decision imminent
The Broward County Commission could reach a decision about the future of the Fort Lauderdale International Boat Show (FLIBS), scheduled for 28 October to 1 November, at several venues along the intercoastal waterway, on….
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NewsFédération des Industries Nautiques pushes ahead with Paris
In an interview this afternoon with IBI, Stéphan Constance, vice president of the Fédération des Industries Nautiques (FIN) and CEO of Allures Yachts, responded to questions about the effects of the cancellation of the Cannes and La Rochelle exhibitions, and the French association’s plans for the Paris Nautic in December. ...
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NewsWilliams Jet Tenders announces engine upgrade, new-look Sportjet range
Williams Jet Tenders in the UK has announced new plans for its Sportjet range, with three models now being fitted with the latest high-performance BRP engine, and a stylish new look for the larger models in the range.
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NewsRoyal Huisman issues Project 404 build update
Dutch yard turns hull of new 59.7m (196ft) performance sloop
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