Market News – Page 403
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NewsNew dates announced for Taiwan show
The 2020 Taiwan International Boat Show (TIBS), originally scheduled for March 12-15 at the Kaohsiung Exhibition Center and Kha Shing Pier 22, has been postponed to March 10-13, 2022. The show is held every two years and will be celebrating its fourth edition.
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NewsHeysea Yachts to deliver first Asteria 126
Chinese superyacht builder Heysea Yachts will shortly deliver its first 38.4m Asteria 126 model to a mainland Chinese customer following its launch in early March.
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News‘Controlled shutdown’ at Princess Yachts
Princess Yachts Ltd has announced a controlled shutdown of its UK facilities with immediate effect. The company today released the following statement: “The health and safety of our employees is of paramount importance and is our main priority, along with our network, suppliers and international clientele. We also take our ...
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NewsSunseeker International suspends production
Following the UK Prime Minister’s coronavirus (COVID-19) update yesterday, Sunseeker International has announced that it is temporarily suspending production until the end of April for the vast majority of employees. Some safety-critical and continuity roles will remain but at a very low level.
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NewsBrunswick releases sustainability report
Brunswick Corp has published its first company-wide sustainability report to showcase its efforts and successes in efforts to conserve resources, both natural and financial.
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NewsWartsila to restructure marine business ‘to accelerate strategy execution’
A new corporate three-part structure is to be introduced for the marine business of Finnish high-tech systems company Wärtsilä, from July 1, 2020. The company is a major supplier of various systems and equipment to the global yacht market and in a statement the reorganisation was stated to be aimed ...
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NewsInconsistent rules leave Florida’s US$23bn boating industry in flux
Palm Beach County, Florida, has joined its neighbour to the south, Miami-Dade County, in closing marinas and boat ramps to all but commercial fishing operations. But Broward County, which sits between the two and is home to Ft. Lauderdale – the hub of South Florida’s US$12bn yachting and boating industry ...
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NewsNew family-run SA business eyes export market with new semi-rigid model
A family-run engineering services company has launched themselves onto the South African boatbuilding market with a new custom 5.7m semi-rigid aluminium model.
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NewsWinnebago suspends production at Chris-Craft
Winnebago Industries has announced that it is temporarily suspending production activities at its Chris-Craft and other production facilities in the US. The steps are designed to lower the probability of coronavirus exposure to employees and adjust future production output relative to demand.
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NewsNew Hong Kong show to launch in November
Hong Kong is set to have a new yacht show timed for November 19-22, 2020. The initiative follows the signing of an MOU (Memorandum of Understanding) between the Hong Kong Cruise & Yacht Industry Association (HKCYIA) and Verventia, organiser of the Singapore and Thailand yacht shows.
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NewsFerretti reports rise in revenues, issues Covid-19 statement
Production continues for now at Italian builder as it releases positive 2019 financials
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NewsYamaha temporarily suspends production at US subsidiaries
Yamaha Motor US announced today that the company will suspend production at six of its US manufacturing facilities in response to the increase in Covid-19 infections in the United States.
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NewsUS boating industry struggles to maintain normalcy
The uncoordinated response of federal, state and local governments across the US is creating a myriad of circustances for manufacturers, retailers and boaters themselves.
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NewsWalcon completes UK marina redevelopment
Walcon Marine, the UK-based marina builder, has completed a comprehensive reconfiguration of the mooring facilities at Lymington Town Quay in Hampshire.
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NewsDamen Shipyards Group names new COO
Damen Shipyards Group has named Marc van Heyningen as its next chief operations officer as of April 1. He joins after years at Fluor Corporation, a US engineering, construction and maintenance giant where his last position was vice president of operations.
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NewsDometic Marine closes Pennsylvania facility
Dometic Marine, formerly SeaStar Solutions, closed its facility in Limerick, Pennsylvania on Friday after the state ordered all “non-life-sustaining” businesses to close for an undetermined period of time to help stem the spread of COVID-19. The facility will remain closed as long as the order is in effect. “We recognise ...
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NewsBRP reports on 2020 results and COVID-19
The Canadian company said 2019 was an “incredible year” and was very bullish about the upcoming year prior to the coronavirus outbreak with top-line growth projected across all product segments
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NewsWith many closures already, Volvo alters dividend proposal
In light of Group operations which are – or will be – temporarily closed, the Board of Directors will withdraw its proposal foran extra shareholder dividend given the significant changes in the business environment since announcing 2019 financial results
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NewsDometic expects negative impact on Q1 results
Sweden’s equipment manufacturer Dometic Group warned of a negative impact on demand and financial results in the company’s first quarter, and withdrew the previously proposed dividend for investors
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