Market News – Page 391
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NewsSanlorenzo returns to full production, launches first 44Alloy
Italy’s Sanlorenzo has launched its first 44Alloy, an all-aluminium fast displacement superyacht that will make its official debut later this year.
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NewsPolish cat builder to double revenues in 2020
Sunreef CEO and founder Francis Lapp As Polish boatbuilders continue their production activities despite the coronavirus lockdown, luxury catamaran builder Sunreef Yachts says it expects to double its revenues this year to around €130m (US$141m), and has a full book order until the end of 2021. Francis ...
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NewsPalma Club de Mar to undergo €60m transformation
Work began this week on a €60m upgrade to Club de Mar Marina in Palma de Mallorca, one of the major marinas in this leading Mediterranean yachting destination. The project is currently the largest on a public space within the marine recreational sector in Spain using private capital.
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NewsNew Balance 442 voyaging catamaran ready for tooling
Balance Catamarans has finalised the design of its latest model, the Balance 442, which is now ready for tooling, the company confirmed this week. The 442 is a scaled-down version of the Balance 482 and will be produced in Cape Town by veteran builder Mark Delaney, owner of Balance Catamarans ...
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NewsMarineMax amends credit facility; comments on retail trends
America’s largest recreational boat retailer anncounced today that it has expanded its financial capacity by extending the term of it’s $440 million credit facility
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NewsSanlorenzo confirms interest in Perini Navi
Sanlorenzo is a world leader in motoryachts over 40m in length Italian superyacht-builder Sanlorenzo today confirmed that it is evaluating a possible acquisition of fellow yacht builder Perini Navi SpA. For this purpose, Sanlorenzo has obtained an exclusivity period from Perini Navi majority shareholder Fenix Srl, a ...
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NewsABYA issues Covid-19 member guidelines
The UK’s Association of Brokers & Yacht Agents (ABYA) has issued its members with Covid-19 guidelines for clients on boat viewings.
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NewsCroatia’s open borders to kickstart yacht charter market?
The opening of Croatia’s borders to allow EU citizens to visit without any quarantine restrictions is expected to trigger the restart of the yacht charter market, which has already started to pick up since the weekend. In particular, boat owners and visitors from Germany, Australia and Slovenia are anticipated to ...
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NewsCRN picks up 2020 Muse Creative Award
The Ferretti Group brand wins Silver for its Instagram account
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NewsTeakdecking Systems appoints new director of sales
Teakdecking Systems in the US has appointed Jonathan Feldman as its new director of sales, effective immediately.
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NewsSeaVee Boats resumes full operations
SeaVee Boats’ consolidation of three small manufacturing facilities into a 220,000sq ft production centre last December achieved the goals of improving manufacturing flow, but no one could suspect the new facility would help the Medley, Florida-based custom builder manoeuvre its way through a global pandemic.
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NewsMixed rules for boaters in France & Monaco
Some boating activities along France’s coasts and in Monaco are beginning to resume amidst a tangle of unclear and sometimes contradictory rules
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NewsUS continues to open more boating ahead of “unofficial season” onset
From Maine to California, more state and local governments are easing restrictions on boating amid National Safe Boating Week observations and ahead on the unofficial start to the boating season, the Memorial Day holiday weekend. And many operators are optimistic.
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NewsBurger Boat Company in hiring mode
Burger Boat Company, the 157-year-old builder of custom yachts and commercial vessels, is in hiring mode.
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NewsQuestion marks hang over future of Perini Navi
Speculation circulating in Italy today suggests that Perini Navi, a leading sail and motor superyacht builder, is suffering severe financial issues which may result in it entering bankruptcy while a restructuring plan is developed and implemented. The source of the speculation was an article into today’s Milano Finanza, an Italian ...
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NewsIBI speaks with Princess Yachts chief Antony Sheriff (trailer)
In this clip, Antony Sheriff of Princess Yachts discusses ways in which competitors have been able to share best practices on Covid-19 and found common ground to work together for the industry as a whole. Watch the trailer here or IBI Plus subscribers can go directly to the full ...
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NewsAustralia eases boating restrictions in New South Wales
Australia’s Boating Industry Association (BIA) today welcomed the relaxation of restrictions on recreational boating in New South Wales following encouraging signs of containment of COVID-19.
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NewsDutch firm picks up Sonihull Distributor of the Year award
After what it describes as an unprecedented year of growth and dealer appointments, Sonihull has revealed the winner of its coveted Distributor of the Year Award for 2019 – Lamers System Care, based in Uden, Netherlands.
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NewsRenaissance Marine reopens amid changes
Renaissance Marine, maker of Duckworth, Weldcraft and Northwest aluminium boats, reopened late last week ahead of Washington state’s Phase 2 reopening plans, but amid myriad changes that many manufacturers may be facing. The Clarkston, Washington-based builder resumed operations under a provision allowing non-essential businesses “to preserve the value of their ...
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NewsNerea Yacht announces sale of NY24 Dark Bronze Deluxe
Nerea Yacht, the new Italian yacht brand that launched into the market last year, has announced the sale of its first NY24 Dark Bronze – a Deluxe version day cruiser that was exhibited at boot Düsseldorf in January.
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