Market News – Page 390
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NewsSanlorenzo unveils new SX112 flagship
Italian boatbuilder Sanlorenzo has expanded its SX line with a new 34m flagship, the SX112.
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NewsCape Town launches Blue Cape superyacht initiative
The City of Cape Town has partnered with South African ocean sports stakeholders to launch a new Strategic Business Partnership aimed at promoting marine manufacturing.
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NewsNew brand of eco-yachts launches in Germany
A new German company is to launch a range of electric solar catamarans, sailing yachts and luxury floating homes for the global market.
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NewsFerretti expands US footprint
Italy’s Ferretti Group has announced a US$15m investment to purchase a service shipyard in Ft Lauderdale, Florida to increase the strategic presence of Ferretti Group America.
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NewsSuzuki’s marine sales grow; general manager comments on results
Suzuki’s latest annual results, released yesterday, show that its marine business was the only division of the company to record sales growth despite a sharp downturn in March 2020. By far the largest proportion of the business designated as the marine division is derived from the sales of outboard engines ...
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NewsDelta ‘T’ Systems hires mechanical engineer
Delta ‘T’ Systems, the US manufacturer of marine ventilation systems, has hired Lucas Doranth as a mechanical engineer.
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NewsOXE Marine publishes first quarter results
Swedish outboard engine maker OXE Marine discussed the impact of Covid-19 on the company’s results for the first quarter of 2020, ending March 31
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NewsDutch builder expands yard in response to “growing demand”
Zeelander Yachts of the Netherlands is expanding its state-of-the-art shipyard in Groot-Ammers in response to what it describes as growing demand for its boats. This will also allow the company to prepare the ground for the development of new models.
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NewsRiva launches first new model of 2020
Italy’s Ferretti Group launched the Riva 88’ Folgore at its shipyard in La Spezia on Monday, marking the company’s first model launch of 2020. The La Spezia facility is dedicated to the construction of Riva yachts from 76ft-110ft in length.
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NewsCXO300 diesel outboard enters production
Cox Powertrain has announced the start of production of its 300hp diesel outboard engine, the CXO300, at its UK headquarters and advanced assembly and test facilities in Shoreham, West Sussex.
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NewsPandemic drives US boat sales
“Sales have exploded over the past four weeks.” That sentiment, expressed to IBI by Clarks Landing Yachts Sales general manager Dave Patnaude, is seemingly shared by a variety of boat dealers across the US. His two locations in Maryland and one in New Jersey have seen around US$4m in sales ...
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NewsInvincible Boats lives up to its name
Despite losing about six weeks of production to the COVID-19 pandemic, Invincible Boats is on track to reach its calendar year 2020 production goals, though its fiscal fourth quarter – which ends in July – will likely offset gains made in the first half of the fiscal year. Exempt from ...
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NewsInterview with Sunseeker’s Andrea Frabetti (trailer)
IBI’s Ed Slack interviews Sunseeker CEO about post-Covid buyer demand, new production strategy, forward forecasts, and plans for Cannes
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NewsObituary: Nic Johansen
Nic Johansen, CEO of Elvstrøm Sails Sarl France, passed away suddenly last week.
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NewsWorld Marinas Conference postponed to 2021
The International Council of Marine Industry Associations (ICOMIA) and P&O Marinas have announced the postponement of the ICOMIA World Marinas Conference to October 2021. The event was originally due to take place from October 13-15, 2020 at P&O’s new marina in Port Rashid in Dubai.
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NewsRobertson & Caine looks to make up lost production as SA economy reopens
South Africa’s biggest yard is to ramp up production under new health and safety regulations
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NewsMarco Valle appointed CEO of Azimut-Benetti
Franco Fusignani will remain on the group’s board of directors
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NewsMonaco Yacht Show to proceed as non-profit event
Following concerns voiced by key players in the superyacht industry, the Principality of Monaco and Informa are working together to deliver an intimate, not-for-profit event in September 2020
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NewsGreece gears up for busy 2020 boating season
Greece ended its lockdown on May 4 and is still successfully dealing with Covid-19, so businesses are gradually reopening – some sooner than initially expected. High temperatures (higher than usual for May) of up to 37-40 degrees Celsius have also helped.
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NewsNew Zealand faces America’s Cup dilemma
The New Zealand government is faced with losing the prestige and financial incentives of hosting the America’s Cup or giving up the huge advantage gained from its yeoman effort to contain the coronavirus early. And amid teams clamouring for information, the Kiwis are playing their cards close to the vest. ...
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