Market News – Page 396
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NewsCovid-19, production adjustments lead to tough Q1 for Marine Products Corp
Marine Products Corp, manufacturer of the Chaparral, Robalo and Vortex fibreglass boat brands, released its 2020 first quarter financial results on Wednesday reporting double-digit declines in net sales, gross profits and operating profits.
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NewsThree yachts catch fire in Hong Kong
Hong Kong’s emergency fire and medical services were called to the Kwun Tong Typhoon Shelter yesterday afternoon after a fire broke out on board a boat and spread to two other yachts. Within around two hours, the fires were under control and no injuries have been reported.
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NewsReckmann reports strong demand for new sun awning systems
Reckmann, the German rigging and hydraulics specialist that entered the sun-shade systems market when it acquired Sailtec Custom Projects in 2015, has announced that the first new-build yacht project to feature Reckmann’s new curved sun awning poles has just been delivered by a German shipyard.
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NewsNew Fiji marina appoints sole fuel provider
Nawi Island Ltd is in talks with Mobil Oil (Fiji) to supply fuel to yachts at its marina
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NewsGreece to ease lockdown restrictions next week
Greek Prime Minister Kyriakos Mitsotakis announced yesterday (Tuesday 28 April) on national TV that restrictions on citizens’ movements would be lifted and more shops allowed to reopen from May 4 in a gradual easing of a lockdown imposed to curb the spread of the new coronavirus.
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NewsStrong quarter at Grand Banks, but sharp decline expected
After logging new sales in the quarter ending March 31, Grand Banks anticipates a sharp downturn and more layoffs in light of an extended shutdown at its main Malaysian plant
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NewsYachting Developments restarts operations
Yachting Developments (YD), the New Zealand superyacht builder, has announced that it has resumed operations following a five-week break due to the COVID-19 pandemic. The resumption comes at a time when New Zealand is reopening on the basis that the country has for now managed to contain the coronavirus.
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NewsLippert Components to relaunch US production on May 4
Enhanced safety measures allow global equipment manufacturer to resume operations at more than 70 US plants
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NewsMarquis Yachts notifies state of June layoffs
US boatbuilder to temporarily lay off more than 100 workers due to slowdown in business
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NewsPrivatisation of Greek marina moves forward
Alimos Marina will be turned into a modern tourist port
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NewsPolish catamaran builder launches new electric range
Poland’s Sunreef Yachts has launched a new range of eco-friendly catamarans fitted with fully electric and hybrid propulsion systems. Initiated by the first electric Sunreef 50 and Sunreef 60 cats, the range was promoted at a virtual press conference in the presence of Formula 1 champion Nico Rosberg who appeared ...
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NewsRescheduled Palma Superyacht Show cancelled
The organisers of the Palma Superyacht Show today announced that the rescheduled edition of this year’s event, planned to run from June 4-7, has been cancelled due to the ongoing nature of the Covid-19 pandemic. The next edition will be held next year, from April 30 to May 4, 2021. ...
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NewsSchenker Watermakers prepares for restart
The Italian watermaker specialist is implementing new safety measures in preparation for its May 4 reopening
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NewsDometic puts Q1 Covid loss at $40 million
Swedish equipment manufacturer Dometic Group reported Q1 results, noting a severe impact on its business beginning in mid-March and projecting that April would be much worse
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NewsUS boaters rally for a return to on-water activity
From coast-to-coast and border-to-border, boaters in various parts of the US held on-water parade rallies to call attention to the plight of commercial operators, while encouraging lifting restrictions on boating, fishing and other activities banned or greatly curtailed by social distancing practices aimed at curbing the spread of the COVID-19 ...
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NewsSailfish Catamarans introduces new 3200 Platinum
The 3200 Platinum Australian boatbuilder Sailfish Catamarans is developing a new model of its popular 3200 Platinum armour-plated aluminium catamaran that was originally due for launch at the now cancelled Sanctuary Cove and Sydney boat shows. According to a company statement, the new design has all the ...
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NewsSA boatbuilding prepares for possible reopening with Risk Adjustment guidelines
The South African boatbuilding sector has released industry hygiene guidelines to limit the spread of coronavirus ahead of a possible partial reopening of the marine manufacturing sector.
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NewsShanghai show postponed for a second time
The organisers of the 25th China International Boat Show, Sinoexpo and Informa Markets, have announced a further postponement of the country’s premier boat show. The exhibition, which was originally due to have taken place at the beginning of this month, was initially postponed until June 22-24 but has now been ...
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NewsKiwi builders return to work as NZ lockdown measures ease
As New Zealand prepares for an easing of lockdown measures at 11:59pm tonight, Kiwi boatbuilders are looking forward to returning to work on Tuesday under Level 3 restrictions. When Level 4 lockdown came in over five weeks ago, Kiwi boat manufacturers, along with the rest of the country, had to ...
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NewsTesting times accelerate new trends towards sustainable business
The world around us has changed dramatically since the start of 2020. Most of us have been impacted personally, professionally or both. Health and safety have become a critical focus. When we think about sustainability in these changing times, we believe that it includes not just environmental aspects, but also ...
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