Market News – Page 374
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NewsMarine Products Corp records 58% Q2 sales decline
Sales, profits down sharply in the second quarter of 2020 as Covid-19 shutdowns impact US fibreglass boatbuilder, but strong June sales point to a brighter Q3
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NewsGreenline launches 45 Coupe and flagship OceanClass 68
Slovenia’s Greenline Yachts has announced the launch of two new models, the Greenline 45 Coupe and OceanClass 68.
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NewsTelwater Australia to increase production from 8,000 boats a year
Telwater, Australia’s largest aluminium boat manufacturer, is on a recruitment drive as demand for boating surges during the coronavirus pandemic. Telwater manufactures more than 8,000 boats and 5,500 trailers annually and has a network of around 180 dealers across Australia and Asia South-Pacific. The Gold Coast-based manufacturer of the Quintrex, ...
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NewsBig demand for space at Auckland Boat Show
Due to an unprecedented response for space, New Zealand’s forthcoming Auckland Boat Show has had to secure more exhibitor capacity to meet the demand.
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NewsDerecktor responds to state lawmaker’s concerns about delay to shipyard
Company president writes open letter addressing concern over delays to Fort Pierce development
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NewsPolaris reports Q2 revenue declines
Polaris reported sales of US$132.2m for its boat business in the second quarter, marking a 28% year-over-year decline from the $182.4m reported for Q2 2019 Minneapolis, US-based boat and powersports equipment manufacturer Polaris Inc reported a 15% decline in second-quarter revenues today, driven by double-digit declines in ...
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NewsGibraltar introduces new Covid-19 protocols for returning yachts
Need for crew to submit report to captain of the port before arrival
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NewsKM Yachtbuilders launches first motoryacht
A company first: KM Yachtbuilders’ Bestevaer 53 Motor Yacht Following over 20 years building aluminium sailing yachts, Dutch shipyard KM Yachtbuilders has now launched its first-ever motoryacht, the Bestevaer 53 MY. Using the same aluminium construction that the yard has pioneered for its sailing yachts, the elegant ...
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NewsBWML rebrands to Aquavista
British Waterways Marinas Ltd (BWML), a leading residential and leisure mooring provider in the UK, has rebranded to Aquavista. The launch of Aquavista marks a significant shift in focus for the company, reflecting its mission to “deliver a great waterside experience, whether you live, visit or work at an Aquavista ...
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NewsBritish Marine appoints new commercial director
James Moscicki has joined the executive team of UK trade association British Marine as commercial director.
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NewsProposed 5G network could compromise GPS signals in the US
Critics of the proposed Ligado 5G system say its terrestrial antennae network would generate a powerful enough signal to overpower satellite-based GPS transmitters, which operate on adjacent frequencies A growing body of legislators and industry associations in the US are raising red flags over a proposed 5G ...
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NewsHeysea Yachts delivers two superyachts within two weeks
Largest power catamaran built in China and new Heysea flagship among them
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NewsFirst-time boat buyers up 34% in US
New empirical data confirms anecdotal reports of high numbers of new boaters entering US market
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NewsBahamas institutes weekend lockdown, midweek curfew amid Covid-19 spike
As of Tuesday, inter-island travel will no longer be permitted
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NewsSwedish boatbuilder establishes Med-based presence
J Craft and Sportmer create dedicated sales and service presence in St Tropez
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NewsAmerican Magic first team to make a splash in New Zealand
The US challenger to the 36th America’s Cup took to NZ waters Monday
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NewsNew start for Bente sailboats at Lake Constance
Boat dealer and marina owner Meichle & Mohr takes over the Bente legacy. Sonja Meichle and Christian Daum talk in our interview about the brand’s future.
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NewsHong Kong boating market shines while the rest of Asia struggles
The market is looking forward to the 1st Hong Kong Yacht Show in November
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NewsAncasta Race Boats opens new US office, appoints broker to support expansion
Alex Higby to head up Ancasta’s yacht racing division in San Francisco
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NewsPrincess Yachts sells nine X95s off-plan with an X80 to follow
UK yard now fully back at work and hiring again
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