Market News – Page 404
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NewsDelta ‘T’ Systems appoints sales and service provider
Delta ‘T’ Systems, the US manufacturer of marine ventilation systems, has appointed Dania Beach, Florida-based Gillen Yacht Services as its newest authorised sales and service provider.
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NewsChinese boatbuilding regains traction; HK market still down
Boatbuilding in China appears to be regaining traction, according to Simon Boyde, director of Hong Kong-based Storm Force Marine. In Hong Kong, however, the market remains down. Storm Force is a leading supplier of marine equipment to the boatbuilding industry throughout the region. Speaking about business in China, Boyde says: ...
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NewsBrunswick temporarily suspends production
New work schedules will begin to take effect from Monday 23 March
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NewsUK marine development to create around 2,000 jobs
Around 2,000 new marine sector jobs stand to be created in the south of England in a £1.5bn-plus project planned over the next decade by Portsmouth City Council (PCC) at its Tipner West site.
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NewsTemporary closure at Grand Banks Malaysian yard
In compliance with government orders, Grand Banks Yachts has closed its manufacturing operation in Pasif Gudang, Malaysia where it employees 763 workers, for a 14-day period; no material impact expected
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NewsInvincible: online to replace boat shows, operations continue
Invincible Boats, which began the new year with a new catamaran, new marketing campaign and a new push into international markets, is adjusting to the changing market conditions brought on by the COVID-19 pandemic and, thus far, is continuing normal manufacturing operations.
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NewsYacht chartering in times of the coronavirus
Ümit Uzun With many countries closing borders, both via land and air, Europeans will find it difficult to reach the Mediterranean Sea. But what about boat charter holidays booked for the Med this summer season? Ümit Uzun, CEO of Würzburg, Germany-based charter brokerage Charterbar Yachting, explains how ...
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NewsLiqui Moly defies Covid-19 with generous staff bonus
German oil and additive specialist Liqui Moly has reacted to the coronavirus crisis by paying a bonus of €1,000 to all of its employees.
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NewsSurvitec names new executive chairman
Survitec, the UK-based marine safety and survival specialist, has appointed Ron Krisanda as executive chairman for its worldwide life-saving equipment business.
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NewsHanse maintains production pace; sold out until June
HanseYachts’ CEO has provided an update on the company’s status for clients, suppliers and shareholders in the wake of the Coronavirus crisis: “We are producing and are able to deliver.”
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NewsGarmin named IBBI supplier of the year
Garmin International Inc has been named supplier of the year by US-based purchasing cooperative Independent Boat Builders Inc (IBBI). This marks the second consecutive year that Garmin has been awarded the designation.
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NewsDates set for 2020 Abu Dhabi show
The Abu Dhabi International Boat Show (ADIBS) will return to the Abu Dhabi National Exhibitions Centre for its third edition from October 14-17, 2020. Organised by the Abu Dhabi National Exhibitions Company (ADNEC), it will be the first boat show of the year in the UAE, focusing on luxury boating, ...
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NewsInvincible Boats expands Down Under
Invincible Boat Company, a US-based builder of saltwater sportfishing and high-performance boats, has appointed Sydney-based Boat Monster as its distributor for Australia and New Zealand.
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NewsMarineMax acquires Boatyard digital platform
Through the acquisition, the US boat retailer is adding ’disruptive technology’ to its digital capability in a bid to transform the customer’s boating experience
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NewsSuperyacht capsizes and partially sinks at Greek yard
A £65m superyacht owned by a Saudi prince capsized and partially sank while awaiting repairs at a shipyard in Greece.
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NewsLumishore USA expands sales team
Marine LED lighting specialist Lumishore has named Jamie Shoemaker as regional sales manager for the US Southeast. In her new role, Shoemaker will be responsible for Florida, Georgia, South Carolina, North Carolina, Tennessee and Alabama.
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NewsVolvo issues statement on Covid-19
Sweden’s Volvo Group has issued an update on the impact of Covid-19, stating that there is a “considerable risk of material financial impact on the Group as from mid-March.”
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NewsTwin Disc Pacific moves to new regional headquarters
The state-of-the-art facility in Eagle Farm, Brisbane also operates as a distribution centre
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NewsHallberg Rassy invests in capacity, eyes new models
CEO speaks to IBI about the company’s growth plans
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NewsNew CEO for Myers Industries
American plastics manufacturer Myers Industries, parent company to the Scepter and Ameri-Kart fuel tank brands, has announced that Michael McGaugh has been named president and CEO, effective April 6, 2020.
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