Market News – Page 427
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News32nd METSTRADE Show approaches
With two weeks to go before the METSTRADE Show opens for business, the RAI Amsterdam Convention Centre is already buzzing. An unprecedented number of pre-show visitor registrations mean that the 1,650-plus exhibitors from 55 countries have much to look forward to.
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NewsF3 Marina breaks ground on “giant boat vending machine”
Two-years in the making and just a few months behind its original aggressive schedule, F3 Marina has broken ground on what will be the second fully-automated dry stack marina in the US.
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Harken appoints SA distributor
Sailboat hardware and accessories manufacturer Harken has named Zenith International (Pty) Ltd as its newest authorised distributor for marine products in South Africa. The Cape Town-based company will trade as Harken South Africa.
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NewsGreece prepares for slate of upcoming shows
The 2019 Athens Boat Show opens its doors from November 27 to December 1 at the former Olympic Fencing Centre in Ellinikon on the Athens Riviera Coast. Each year the show attracts thousands of enthusiasts from across Greece and abroad, looking for information about the latest products and services on ...
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NewsItalian firm develops ultimate superyacht toy
An Italian company, iSpace2o, is developing a craft that is claimed to be able to attain planing speeds on the surface of the sea and to combine this with operating underwater. These combined talents of the advanced craft will make it a very appealing ‘toy’ for carriage on board a ...
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International emissions regs could hurt large diesel yachts, jobs
The International Maritime Organization’s (IMO) emissions regulations scheduled to take effect in 2021 could force diesel-powered yacht producers to stop building their larger vessels, which could mean a loss of jobs without a delay in implementation, according to the leadership team at Viking Yachts.
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NewsFLIR reports mixed bag for Q3
FLIR Systems released its 2019 third quarter results on Friday, reporting a bit of a mixed bag as gains in the company’s industrial and defense markets were offset by revenue, margin and earnings declines in its commercial products business unit, which includes leisure boating equipment.
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NewsItalian builder expands Down Under
Italian boatbuilder Cranchi has appointed a new dealer and distributor for Australia. t|d Terence Dean, which is based in Melbourne’s Docklands at New Quay Marina West, has been involved in second-hand sales and brokerage for a number of years. However, this is understood to be their first dealership for an ...
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NewsSA’s first Superyacht Training Academy opens in Cape Town
South Africa’s first-ever Superyacht Training Academy has officially opened in Cape Town.
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NewsHanse Yachts reports record turnover
Germany’s largest production boatbuilder increased turnover to €150m and achieved its highest profits since 2008
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NewsVolvo Penta Americas president to retire
Volvo Penta Americas president Ron Huibers has announced that he will retire, effective January 1, 2020.
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British boating magazines sold as part of £140m deal
TI Media (the former IPC Media Group and later Time Inc UK) has been sold by the Epiris private equity company to Future PLC, a UK-based publisher of consumer magazines and websites.
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NewsFrigomar wins BMEEA Award
Italian HVAC specialist Frigomar has announced that its high-performance BLDC variable-speed, self-contained unit inverter was recently named Product of the Year by the British Marine Electrical & Electronics Association (BMEEA).
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NewsExecutive leadership changes at MasterCraft
Tennessee-based MasterCraft Boat Holdings Inc announced today that Terry McNew has stepped down as president and CEO in order to pursue another opportunity outside of the leisure boating industry.
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NewsNew SY berths for Singapore yacht club
As Singapore starts to position itself as a regional business and financial hub in the wake of the Hong Kong crisis, the Republic of Singapore Yacht Club (RSYC) has upgraded its marina with new superyacht berths
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NewsMarquis unveils revamped line, Lexus LY 650 at FLIBS
The 60th Ft Lauderdale International Boat Show (FLIBS) saw Marquis Yachts introduce its long-awaited redesigned M42 “upscale Day Boat” and the LY 650, its partnership luxury yacht designed by Lexus.
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NewsBeneteau shares drop 16% on news of lower growth & profitabillity
The French boatbuilder posted a fifth consecutive year of growth for its 2019 fiscal year, but investors appear to be uncertain about prospects for the coming year. Although noting a higher order book, Beneteau said it would not be issuing its FY 2019-20 outlook until 4 February and hinted that ...
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NewsEcoworks Marine enters US market
Ecoworks Marine, a UK manufacturer of environmentally friendly cleaning products for boats and yachts, has chosen Pragati Yacht Services to distribute its brand on the US market.
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NewsX-Yachts buys Swedish powerboat builder
Danish sailboat producer X-Yachts has entered the powerboat market with the acquisition of HOC Yachts in Sweden.
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NewsStrong turnout for 2nd Abu Dhabi show
The second edition of the Abu Dhabi International Boat Show (ADIBS) attracted considerable visitor numbers despite a difficult market. According to the organisers, ADIBS, which concluded on October 19, attracted 26,000 visitors and 284 exhibiting companies from 27 countries. The show was organised by and held at the Abu Dhabi ...
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