Market News – Page 375
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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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NewsFrauscher marks production milestone
Austria’s Frauscher Boats is celebrating the delivery of Hull #100 of its 1017 GT gentleman’s racer and the launch of the new 1212 Ghost, which will debut at the upcoming Cannes Yachting Festival in September.
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NewsLife Proof Boats expands in Northeast USA
Massachusetts-based LC8 Marine is made an official Life Proof sales and service centre
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NewsFiji receives applications for more than 100 yacht visits
The South Pacific Fiji Islands have received more than 100 applications for yachts and superyachts wanting to visit over the coming week following the implementation earlier this month of the Blue Lane initiative to introduce special rules to cope with the Covid-19 pandemic.
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NewsRecord Q3 revenues for MarineMax
Clearwater, Florida-based boat and yacht retailer MarineMax reported record revenues for its third quarter of 2020, fuelled by a 37% year-over-year bump in same-store sales. For the quarter ended June 20, 2020, the company reported revenues of US$498.3m, marking a 30% year-over-year increase from the $383.4m in revenues earned during ...
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NewsBainbridge International undergoes MBO
MD Andrew Smith acquires UK sailcloth and hardware manufacturer
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NewsGreat Lakes broker and marina operator expands US coverage with Florida-based acquisition
Detroit-headquartered KAM Yacht Sales has significantly expanded its US activities with the acquisition of Luke Brown Yachts in Ft Lauderdale, Florida. Kam Yacht Sales is part of KAM Marine Ventures LLC, which is a division of Lormax Stern, a real estate, investment and management group.
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NewsLa Ciotat Shipyards announces sharp price cuts
New government measures represent a significant financial contribution
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NewsMajor restructure at developers of Oman’s Mina Al Sultan Qaboos Waterfront project
UAE’s Damac bought out of the development
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NewsHorizon power cats increasingly popular
Taiwanese boatbuilder Horizon Yachts continues to see strong sales in its PowerCat models, with three PC60 and two PC52 models currently in build for US clients.
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NewsAustralian marinas experience A$48m revenue drop in March-May period
New research by Australia’s Marina Industries Association (MIA) shows that the country’s marinas suffered a revenue drop of some A$48m over the three-month period March-May 2020. Additionally, the research highlights that marinas in Queensland and Victoria were the hardest hit and that club marinas were the most negatively impacted, followed ...
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NewsMDL Marinas to host new UK boat show
The Ocean Village Boat Show will be held in September at MDL’s flagship marina in Southampton
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NewsLengers named Prestige ‘Dealer of the Year’ for Northern Europe
This is the fifth time the Dutch brokerage has received the accolade
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NewsAustralian broker faces charges in multimillion-dollar fraudulent boat sales scheme
Benjamin Eustice faces 17 fraud charges for his alleged role in alleged dealings ‘masterminded’ by his father, Andrew Eustice. Australian police allege Benjamin Eustice, a salesman for Platinum Boat Sales, took multiple deposits for boats and, unknown to the owners, sold the vessels. The matter was set down for a ...
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NewsNautor’s Swan establishes new division to manage global customer care
Finnish sailing yacht builder Nautor’s Swan has established a new division, Nautor’s Swan Global Service, to manage and develop its international customer care service. Nautor’s Swan has delivered more than 2,350 yachts since 1966.
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NewsRiviera expands to meet demand
Riviera’s 14-hectare production facility on Australia’s Gold Coast is said to be the largest of its kind in the Southern Hemisphere Australian motoryacht builder Riviera is expanding its 14-hectare production facility to meet international and domestic demand and the company’s growing number of new motoryacht models. The ...
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