Market News – Page 369
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NewsCannes Yachting Festival cancelled
IBI has learned that several exhibitors have been informed this morning of the cancellation of the Cannes Yachting Festival, from the organiser Reed Expo due to increasing worries about the incidence of the Covid-19 infection rate in the Alpes-Maritimes region. The show was due to have taken place from the ...
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NewsGenting HK plans debt restructure
Hong Kong-listed Genting HK has been forced to take desperate steps to address the serious financial impact of Covid-19 on its core activity as the largest cruise ship operator in Asia. It owns Star Cruises, Dream Cruises and Crystal Cruises. Tan Sri Lim Kok Thay, Chairman & Chief ...
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NewsSABBEX welcomes South African lockdown easing but calls for business travel
Vanessa Davidson, executive head of the South African Boat Builders Export Council, expects local industry to rebound The South African Boat Builders Export Council (SABBEX) this week welcomed the further easing of Covid-19 lockdown restrictions that effectively allows a return to normal marine manufacturing activity. The easing ...
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NewsAnnapolis boat shows cancelled
In a discouraging development for the boating industry, the City of Annapolis announced yesterday that it was cancelling the US Powerboat and Sailboat shows scheduled for October, due to Covid-19 health concerns. The sailboat show – the largest in-water sail-only show – has a strong draw among international exhibitors and ...
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NewsRiviera unveils new 50ft model
Gold Coast, Australian boatbuilder Riviera is introducing a new 50ft sports motoryacht to its line-up of larger 64, 68 and 72 models
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NewsBrunswick pays down Revolving Credit Facility
US-based Brunswick Corporation announced that it will repay the remaining balance on its US$400m Revolving Credit Facility on August 21.
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NewsZin Boats looks to be ‘Tesla of the sea’
The Z2R can reach speeds of well over 30kt After 20 years designing racing sailboats while working for the likes of BMW and General Motors, Piotr Zin moved to a houseboat on Seattle’s Lake Union and started becoming concerned about the future. “The reason I started working ...
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NewsPositive US boating trends continue
Two metrics released today by the National Marine Manufacturers Association in America indicates boating continues to draw strong online interest – and more tangibly – sales
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NewsCyclops Marine appoints Italian distributor
Cyclops Marine, the UK-based developer of load sensors for sailors, has chosen Velamania to serve as its new distributor for Italy. Velamania is said to be one of Europe’s most experienced distributors in the rigging and performance racing market.
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NewsHelsinki Boat-Afloat boosts late-summer sales in Finland
Visitors were able to view the boats safely on the piers and in the marina of the HSK yacht club More than 10,000 people visited the Helsinki Boat-Afloat Show in Lauttasaari, Finland last weekend, with warm, sunny weather helping to boost late-summer boat sales. It was the ...
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NewsNew Explorer yacht expands Sturiër range
The new Dutchman Explorer yacht from Dutch yard Sturiër is under construction and scheduled for delivery to its southern European client next year.
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NewsPrincess Yachts wins Princess Royal Training Award
UK boatbuilder Princess Yachts has picked up a Princess Royal Training Award for its apprenticeship scheme. Now in its fifth year, the Princess Royal Training Awards recognise employers across the UK with outstanding training and development programmes that have had a direct impact on business performance. The winners are chosen ...
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NewsX-Yachts enters powerboat market
Danish sailboat builder X-Yachts has entered the powerboat market with a debut planned for January next year.
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NewsScott Bader reports full 2019 results
The global materials specialist announced a 12% increase in profits for 2019, while reporting a 3% dip in turnover
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NewsMasterCraft buys former Sea Ray plant
Newly-acquired Florida facility to handle all production for upscale Aviara day boat line
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NewsOXE Marine begins trading on OTCQB market in the US
The Swedish outboard engine producer hopes to benefit from increased visibility across the US investor community
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NewsExhibitors confirm presence at BOATS2020
More than 90 boats will be displayed at next month’s alternative to the Southampton International Boat Show
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NewsITA launches €39m tender for ‘Made in Italy’ brand promotion
The Italian Trade Agency (ITA), Italy’s trade promotion body, has launched a tender notice inviting interested parties to bid for a €39m budget to promote the ‘Made in Italy’ brand. This is an important bid for the Italian yacht-building industry and the many other companies engaged in yacht-related activities because ...
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NewsNew CEO for Sailfish Boats
Georgia, US-based fibreglass boatbuilder Sailfish Boats announced late last week that it has named marine industry veteran Rob Parmentier as its new president and CEO with immediate effect.
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