Market News – Page 414
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NewsDavid Tydeman leaves Fairline having fulfilled remit
Tydeman’s directorship at Fairline was terminated on January 14
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NewsCoronavirus hits 7 Webasto employees
Stockdorf, Germany-based marine and automotive equipment manufacturer Webasto Group has confirmed that as of January 31, seven of its employees – five Germans and two Chinese nationals – have now tested positive for the novel coronavirus.
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NewsJohnson Outdoors posts solid Q1 results
Outdoor recreation equipment manufacturer Johnson Outdoors released its 2020 first quarter results on Friday, reporting higher sales and double-digit growth in net income.
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NewsSri Lankan port development to include new Yacht Marina Zone
The Sri Lankan port of Galle, a leading yacht destination in the island nation, is to be expanded into a tourist port which will see its current yacht facilities upgraded with a new Yacht Marina Zone.
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NewsVadac takes the ‘groan’ out of moving a battery
Vadac BV, a Dutch maker of technical accessories for campers and boaters, has announced the world’s “first truly portable battery box”.
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NewsSprenger appoints UK distributor
Sprenger, a German manufacturer of yacht and boat fittings, has appointed Bainbridge International as its new UK distributor.
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NewsCaframo Europe launches in Netherlands
To better service its European marine and RV customer base, Canada-based Caframo has launched Caframo Europe BV. Jodi McMullen, strategic account manager, international, made the announcement.
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NewsAppointment at LCI
US-based parts and equipment manufacturer Lippert Components Inc (LCI) has named Mark Boessler as its new senior vice president of aftermarket.
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NewsBritish Marine Spring Expo to be held next week
British Marine is to host its annual Spring Expo next week at the Hilton at the Ageas Bowl in Southampton. Taking place from February 4-5, the two-day event will include a number of key industry talks and seminars and is set against a backdrop of learning, networking and business deals ...
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NewsBrunswick details full year performance on analyst call
Despite a slight decline in 2019 sales, the industry’s largest company reports strong earnings with solid margin growth, delivering shareholders a tenth consecutive year of EPS gains. CEO David Foulkes tells analysts this afternoon why the company is ’built to win’
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NewsSchaefer Yachts sees advances in its US business
Brazilian boatbuilder Schaefer Yachts says it is committed to continuing its efforts to develop the Schaefer line of motoryachts in the US market with a focus on styling and quality.
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NewsDubai’s Mina Rashid Marina to host IWMC 2020
Dubai-based P&O Marinas, a sustaining member of the International Council of Marine Industry Associations (ICOMIA), has announced that Mina Rashid will be the venue for the 2020 ICOMIA World Marina Conference. The event will be held from October 13-15.
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NewsDogus sells 50% stake in Greek superyacht marina
The 50% stake in the Athens superyacht facility, Flisvos Marina, owned by Turkey’s Dogus Group has reportedly been sold to Lamda, owner of the remaining 50% share. According to Greek newspaper Kathimerini, the sale was achieved through an agreement that Lamda had with Dogus, giving the former a first refusal ...
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NewsInternational trade still holds challenges for recreational marine industry
Despite a flurry of recent positive activity on the trade front, the US recreational boating industry continues to face what the National Marine Manufacturers Association (NMMA) calls “serious challenges”. In a trade update to its members, NMMA wrote: “While NMMA is encouraged with the recent ratification of the United States-Mexico-Canada ...
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Serbian group to invest in new Italian marina
Serbia’s MK Group has announced plans to invest some €110m (US$121m) to boost its presence in the Adriatic Sea, including a project to build a new marina in Italy’s Trieste.
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NewsToronto show ends on positive note
In spite of an attendance drop from the heaviest snowfall of the year falling on its opening weekend, exhibitors at the Toronto International Boat Show reported good sales at Canada’s largest boat show.
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NewsSafe Harbor acquires Siesta Key Marina
Safe Harbor Marinas in the US has purchased the Siesta Key Marina, the only full-service facility in Sarasota, Florida. The purchase is the Dallas-based company’s 12th Florida property and is approaching 100 properties overall, which Safe Harbor claims makes it the largest marina owner-operator in the US. The 1.7-acre property ...
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NewsSoft Q4 leads to full-year sales decline for Marine Products Corp
Marine Products Corp, manufacturer of the Chaparral, Robalo and Vortex boat brands, reported its fourth quarter and full 2019 financial results on Wednesday, with a softer Q4 leading to a slight overall loss for the full year.
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NewsSri Lankan builders make first-time Düsseldorf appearance
The first-ever national stand for Sri Lanka was presented at boot Düsseldorf last week. Supported by the Sri Lankan Board of Investment (BOI), it was occupied by a small number of boatbuilders and a charter company.
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