Market News – Page 413
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NewsNauti-Craft, Yanmar sign technology transfer agreement
Dunsborough, Australia-based Nauti-Craft Pty Ltd and Osaka, Japan-based Yanmar Marine have entered into a technology transfer agreement that aims to develop Nauti-Craft’s patented marine suspension technology and incorporate it into a new line of leisure boats to be sold through Yanmar’s global network.
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NewsGreece to introduce fines for rescue operations
Greek authorities are putting into effect a law under which people using boats for recreation, if they disregard severe weather warnings and trigger a search and rescue operation, will be liable for the incurred costs as well as a fine.
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NewsDometic UK Blind Systems names new MD
Kevin Lench has over 25 years’ experience in senior leadership positions
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NewsAkzoNobel names eastern North America rep group
Arnhem, Netherlands-based yacht finish manufacturer AkzoNobel has named Thomas H Connolly & Sons to represent its yacht coatings products in eastern North America.
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NewsBusiness students predict US$25.5bn yachting industry by 2027
Research from a group of Florida Business School students predicts a yachting industry worth US$25.5bn dollars by 2027, and that millennials may be a better consumer base than conventional wisdom would indicate due to the growing yacht charter market.
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NewsMisty Harbor to close Iowa plant
Pontoon boat manufacturer Misty Harbor is closing its manufacturing plant in Iowa to consolidate operations at its headquarters in Indiana “to optimise operational efficiency and reduce logistical costs, the company announced Monday afternoon. 45 employees will lose their jobs.
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NewsSofter Q2 for MasterCraft
MasterCraft Boat Holdings Inc reported declines in net sales, net income and adjusted ABITA in its 2020 second quarter results, reflecting impacts of a weather-dampened summer 2019 retail season and subsequent measures to “right-size” dealer inventories.
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NewsMarinas and yachting contribute 1.41% to Greek GDP
Further marina privatisations anticipated to add another 1%
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NewsSeven Asian boat shows cancel or review dates
Korea and Hong Kong shows postponed in response to the Coronavirus threat, while other Asian show organisers are closely monitoring the situation
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NewsYBDSA CEO to retire in May
After some 40 years working in different parts of the UK’s marine leisure industry, Jane Gentry, the current CEO of the YBDSA (Yacht Brokers, Designers & Surveyors Association) is retiring in May.
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NewsMS Yacht Services undergoes corporate restructure
The UK’s MS Yacht Services, a global specialist for protective coating applications, has undergone a corporate restructure and rebrand under the name of MS Global Solutions. The move is part of the company’s growth strategy to diversify into construction, automotive, public transport, aviation and medical industries.
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NewsEngel & Völkers expands yachting activities to US
Engels & Völkers (E&Y), the real estate and yachting services group, is expanding its yacht-related activities to the US from its core Mediterranean region. The initial move is the setting-up of a yachting shop in Newport Beach, California.
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NewsKiriacoulis Mediterranean buys Greek marina
Majority shareholder acquires remaining 40% stake in Kalamata Marina
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NewsBahamas to host Yacht Charter Show
Citing the economic benefits of the yachting industry to the islands in general, and the role the yachting community played in hurricane recovery efforts, the Bahamas Ministry of Tourism has announced the first-ever Bahamas Charter Show, to be held 27 February to 1 March. The show will produced by Ft ...
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NewsSanlorenzo opens new production facilities in Ameglia
The project began in 2018 and involved over 200 workers, 20,000 hours of design and 250,000 man hours
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NewsStrong demand for ‘luxury’ boats at Gothenburg show
The Swedish pleasure boat market is still on a high level and the demand for more luxurious boats is obvious at this year’s Gothenburg International Boat Show.
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NewsMarineMax Sarasota to host reopening party
MarineMax Sarasota in Florida is to host a grand reopening party on Thursday to celebrate its newly renovated marina and new members lounge.
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NewsHigher horsepower drives outboard engine sales to 13-year high
US consumer demand for newer, technologically advanced, higher horsepower engines has driven US outboard sales to a 13-year high, nearly reaching pre-recession sales levels, according to the National Marine Manufacturers Association (NMMA).
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NewsItaly’s marine trade associations reunite
Members of UCINA and Nautica Italiana agreed to combine their organisations into one body to represent Italy’s boating industry domestically and internationally
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NewsMarine Hardwoods now offers Certified Sustainable Teak
Marine Hardwoods in the UK has announced that it now offers Certified Sustainable Teak in decking and mini decking.
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