Market News – Page 405
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NewsDutch builders embrace remote working as coronavirus crisis deepens
As the coronavirus tightened its grip on the Netherlands, workers at Dutch yacht-builders have begun working remotely from home. And those who cannot work remotely – such as painters, carpenters and electricians – are kept at a safe distance from one another even if that requires organising separate shifts.
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NewsQueensland government to trial Brisbane SY mooring
A dedicated superyacht mooring buoy will be installed at Kangaroo Point for 12 months
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NewsMarinas remain open amid coronavirus fears – for now
The coronavirus pandemic has already taken a toll on the cruise industry, especially in the Caribbean where several destinations have placed a ban on all cruise ship calls for the remainder of the season. But superyacht marinas remain open and welcoming – with some cautions.
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NewsMarineMax to buy back stock at bargain rates
America’s largest boat and yacht retail operation, MarineMax announced approval of a plan to repurchase up to 10 million shares of outstanding stock. The company’s shares are currently trading at $10.52 – near the bottom of its price range over the past year
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NewsCanada passes USMCA trade agreement into law
The Canadian government passed legislation on Friday ratifying the new US-Mexico-Canada Trade Agreement (USMCA) before shutting down until April 20 as a result of the developing Covid-19 coronavirus pandemic.
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NewsTohatsu Outboards NZ under new ownership
The directors of Tohatsu Outboards NZ Ltd have announced that the business is being sold to their business partner Lakeside Marine NZ Ltd, a subsidiary of Lakeside Marine Pty Sydney.
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NewsHorizon Yachts business update
In light of the rapidly evolving situation surrounding Covid-19, Taiwan’s Horizon Yachts has announced that it is implementing several precautionary measures out of an abundance of caution for clients and employees.
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NewsAustralia’s Sanctuary Cove International Boat Show postponed
The 2020 Sanctuary Cove International Boat Show (SCIBS2020), the largest marine leisure sector event in the Southern Hemisphere, has been postponed and new dates will be issued soon. It was due to be held at the Sanctuary Cove resort on Austarlia’s Gold Coast from May 21-24.
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NewsMinneapolis sportshow cancelled; decision on legislative conference pending
NMMA, the US marine trade association and show producer, announced the cancellation of its Northwest Sportshow in Minneapolis. A final decision on the industry’s annual gathering in Washington DC in May is still pending
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NewsSanlorenzo confirms 117% profit gain as production continues
The Italian yacht builder reported profits of €27 million for 2019, a backlog of €500 million and says the company is not yet experiencing a material impact on business operations due to COVID-19
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NewsDutch boating sector seeks urgent relief; Cites "significant" losses due to coronavirus
The government has signalled it will provide tax relief and other assistance for SMEs
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NewsBrunswick wins ‘Best of CES’ award
Brunswick Corp has been named as one of Exhibitor Magazine’s 2020 ‘Best of CES’ award winners. The program honours the top 20 exhibitor stands from among more than 4,500 at the 2020 Consumer Electronics Show (CES) in Las Vegas.
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NewsAzimut introduces new measures to cope with COVID-19
Azimut Yachts, part of Italy’s Azimut-Benetti Group, has introduced new measures to cope with the impact of COVID-19 and to align production with slowdowns in the supply chain.
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NewsOceanvolt appoints new CEO
Oceanvolt, a Finnish supplier of hybrid electric power and propulsion systems, has named Tommi Lassila as its new CEO. Lassila assumed responsibilities on March 9 and succeeds Markus Mustelin, who has been managing Oceanvolt for the past three years.
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NewsClick&Boat acquires German competitor
French boat-sharing company Click&Boat has acquired Scansail, one of its main competitors in German-speaking markets. Scansail will continue to operate as a separate brand, based at its current headquarters in Hamburg.
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NewsGulf Craft names preferred Australian service centre
Gulf Craft, the Middle East’s largest yacht builder, has expanded its global service network by appointing Gold Coast City Marina & Shipyard (GCCM) as its preferred Australian facility. The brand is also looking to continue its global expansion with the appointment of new distributors in more than a dozen identified ...
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NewsNew Zealand’s Superyacht Gathering cancelled
This year’s event was due to be held in Auckland from March 25-27
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NewsQuebec City show shuts down on opening day
The 2020 Quebec City Boat Show kicked off at noon yesterday only to close its doors and cancel just seven hours later in the wake of an emergency ban on indoor events with more than 250 people imposed by the Quebec provincial government. The popular boat and sports show, hosted ...
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NewsAdmiral Powercats to launch new hybrid RIB into recreational market
Cape Town builder Admiral Powercats plans to launch a recreational version of a new generation surf rescue vessel that is being integrated into South Africa’s National Sea Rescue Institute fleet.
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