Market News – Page 373
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NewsIPM-IMG group marinas secure Safe Tourism Marinas certification against Covid-19
New standard emphasises group action to initiate anti-virus protocols
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NewsOlympic Yacht Show to feature more than 80 yachts
Preparations are well underway for this year’s inaugural event
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NewsScott Bader acquires Summit Composites
Scott Bader Australia Pty Ltd has acquired the assets of Summit Composites Pty Ltd for an undisclosed sum. The GRP resins supplier has been working alongside Summit Composites for over 10 years, with Summit distributing their high-performance resins, gelcoats and adhesives to the Australian market.
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NewsSirena Yachts sells sixth Sirena 88 flagship
The 26.8m Sirena 88 made its debut at Cannes 2019 Source: Jeff Brown Turkish boatbuilder Sirena Yachts has sold its sixth 26.8m Sirena 88 flagship model, the largest in the Sirena range, following its debut at the Cannes Yachting Festival in 2019. With naval architecture by German ...
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NewsDutch boatbuilder begins work on new 184ft yacht
Vitters plans to deliver the new sailing yacht to its owner in 2022
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NewsJohnson Outdoors Q3 revenues down 21%
Strong demand for fishing products through May and June not enough to offset impact of April Covid-19 shutdowns
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NewsNew private island development in Bahamas to have superyacht marina
A new private island resort called Montage Cay is currently under development in the Bahamas with completion set for 2023. The new destination will include a 46-berth marina able to accommodate yachts up to 33.5m (110ft) into Montage Cay.
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NewsFrench Minister gives green light for Cannes and La Rochelle shows in September
Franck Riester, the French Minister for Foreign Trade and Economic Attractiveness In a statement made on Tuesday to the leaders of the exhibition industry, Franck Riester, the Minister for Foreign Trade and Economic Attractiveness, stated that the restrictive rules in France concerning public and trade exhibitions would ...
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NewsYamaha Motor starts evaluation trials on next-generation control system
New HARMO platform integrates electric propulsion unit and steering system
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NewsNorwegian Evinrude distributor reorganises
The Nordkapp 905 Gran Coupe with Evinrude engines After losing the distribution of approximately 3,000 Evinrude outboard engines on the Norwegian and Swedish market each year, distributor Frydenbo is to reorganise its business. “We have already done some reorganisation and more will come,” Frydenbo CEO Hans Petter ...
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NewsRiviera investing A$10m in expansion of production facility
Two-year project to provide capacity to meet growing demand
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NewsUS boat retailer OneWater Marine release Q3 results
The second largest American boat sales network reported strong top- and bottom-line growth and significant market share gain boosted by unprecedented retail demand
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NewsInfrastructure key to Vermont’s boating growth
Just a month after the US Senate approved the Great American Outdoor Act aimed at pumping millions of dollars into maintenance and infrastructure of outdoor resources like boat ramps, the Covid-fuelled boating boom in the States has not eased, with dealers and manufacturers facing inventory shortages.
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NewsBrunswick reports Q2 results revealing Covid impact on industry’s largest player
US boat and engine manufacturer sees strong retail demand, following a -15.2% decline in sales in the second quarter including a -32% drop in boat segment sales for the period; With current recovery pace, the company expects to meet its 2022 financial targets and sent stock soaring to highest-ever level
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NewsRoscioli Shipyard founder dies from Covid-19
Robert “Bob” Roscioli, who began a five-decade yachting career sanding and painting hulls by hand and gained a reputation as a perfectionist, died 27 July from Covid-19 at the age of 76, according to the company website.
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NewsSunseeker chooses Wave filter systems for all new-build yachts
Wave International, the UK-based marine filtration specialist, today announced that Sunseeker is offering its filter systems either as standard or, on the smaller models, as an option on its entire yacht range.
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NewsTough Q2 for Cummins Inc
US engine manufacturer records largest quarterly revenue decline in its history Covid-19 shuts down OEM customers worldwide
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NewsBalance/Nexus launch first ‘lockdown’ 526 in SA, owner watches via Skype
The boat is currently undergoing sea trials ahead of possible departure next week
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NewsClick&Boat acquires European competitor
Click&Boat, the UK’s leading boat hire platform, has acquired its main competitor, Nautal, reinforcing its international leadership as ‘the airbnb of the seas’ and growing its UK offering, now with more than 360 boats being listed for rental in the UK via the acquisition.
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NewsAustralian Superyacht Rendezvous 2020 postponed
The fourth edition of the Australian Superyacht Rendezvous (ASR2020), due to have been held at the Coral Sea Marina Resort in the Whitsunday Islands from October 15-18, has been postponed until a suitable post-Covid-19 timing. New dates will be announced in due course.
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