Market News – Page 401
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NewsFight against coronavirus creates “dire situation” for Dutch boating industry
The recent tightening – and extension – of anti-coronavirus measures in the Netherlands have increased financial harm to the country’s already hurting recreational boating sector, says the Dutch leisure industry trade lobby.
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NewsUS powerboat registrations up through January
Sales of new powerboats were up 5% on a rolling three-month YOY basis
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NewsBoating World SA gears up for African market growth post-coronavirus
Boating World South Africa, Africa’s biggest luxury boat importer, reports continued market activity in South Africa and sub-Saharan Arica, even as the company operates in lockdown conditions
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NewsCJR Propulsion appoints president of US operations
Joel Kmetz brings 30 years of sales and leadership experience to the role
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NewsBRP temporarily halts or slows down global operations in response to Covid-19
Bombardier Recreational Products (BRP) has announced that, due to the rapid evolution of the COVID-19 situation, the company is temporarily suspending or slowing down all powersports and marine manufacturing operations around the world. These actions, says BRP, will allow the company to evaluate and respond to the changing conditions, as ...
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NewsMarine Products Corp suspends production
Marine Products Corp announced on Monday that it had temporarily suspended manufacturing operations at its Nashville, Georgia production facility. The facility produces all of the company’s recreational pleasure boats under the Chaparral, Robalo and Vortex brand names.
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NewsSA designer outwits coronavirus lockdown with downloadable construction plans
US-based South African designer Dudley Dix has made construction plans for his CNC kits available in download format in response to constraints caused by the coronavirus pandemic.
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NewsUS Paycheck Protection Program begins 3 April
Boat dealers and small builders in the US can begin applying for economic relief this weekend under a new government program put into place to stem the financial effects of the COVID-19 pandemic.
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NewsMalin forms new marine hatch division
Scotland-based Malin Group is introducing a range of hatches to its current marine offering and has appointed Fraser Gunn as its new business unit manager.
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NewsBeneteau’s Polish yard halts production, looks to reopen on April 17
Delphia Yachts temporarily stops production at its Olecko yard
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NewsFairline Yachts scales back operations
Boats in build at the Fairline Yachts factory in Oundle The UK’s Fairline Yachts is scaling back operations at its Oundle-based facility due to the ongoing Covid-19 pandemic. The move follows similar measures by Princess Yachts, which announced a controlled shutdown of its UK facilities last week, ...
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NewsGulf Craft adapts to new market conditions
Abeer Alshaali, acting CEO of Gulf Craft In an email exchange with IBI’s Middle East correspondent, Abeer Alshaali, the acting CEO of Gulf Craft, explained how the UAE-based yacht-builder is adapting to the new market conditions and manufacturing challenges raised by COVID-19. Gulf Craft is the ...
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News2019 US sailboat sales drop
The NMMA releases its first 2019 Statistical Abstract for the sailboat sector
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NewsShanghai show organiser to launch online matchmaking tool
New B2B service to help strengthen global partnerships during the coronavirus crisis
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NewsCaframo maintains production through Covid-19 shutdowns
Canadian fan and heater manufacturer Caframo Ltd has instituted a range of modifications to its operations in response to the Covid-19 pandemic in order to remain in full production and able to continue supporting its customers in the weeks and months ahead.
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NewsUK marinas retain Five Gold Anchor status
Port Hamble Marina, Hamble Point Marina and Mercury Yacht Harbour all paised for their atmosphere and quality of services
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NewsHong Kong survey shows weakened industry under threat
A Hong Kong Boating Industry Association (HKBIA) member survey shows a weakened industry under existential threat.
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NewsWhat the US$2 trillion relief package means to the boating industry
With over half the US under ‘stay at home’ orders from state or local governments, President Trump has signed a US$2 trillion economic relief package aimed at workers and businesses of all sizes, while separate action has seen additional action on tariffs. The package allows businesses to delay payment of ...
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NewsNimbus Boats lays off workers
Sweden’s Nimbus Boats, headquartered in Gothenburg, has announced that 60 of the company’s 110 boatbuilders at the factory in Lugnås will have to leave their jobs. This is due to lower sales of new boats since the coronavirus outbreak.
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