Market News – Page 428
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News
New marina planned for German island
With plans to overhaul the marine infrastructure of Germany’s Heligoland island in the North Sea, local authorities are planning to build a new marina with more berthing capacity than the existing marina which currently accommodates around 120 boats.
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NewsInmarsat takeover gets green light
The UK government has given its approval for the £2.6bn takeover bid for Inmarsat, the UK’s largest satellite company, to go ahead. Inmarsat is a leading player in the maritime communications sector, including yachting where it is currently looking to grow its involvement.
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NewsNMMA buoyed by latest US consumer confidence data
Newly-released data for October shows consumer confidence remains high in the US, in spite of overall indications of a slowing economy.
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NewsAnnual revenues for US boat retailer MarineMax grew 5%
Financial results for America’s largest boat retailer – representing more than 20 boat and yacht brands across some 60 locations – were down for the company’s fourth quarter reflecting ’choppy’ market conditions across the industry in terms of both geography and product segments
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NewsRolls-Royce opens new yacht support centres in Italy
Rolls-Royce (RR) has opened two new dedicated yacht support facilities in La Spezia, Italy. The two new centres are a new Yacht Competence Centre (YCC) and a Yacht Customer Care Centre (Y-CCC).
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NewsAsia-Pacific Boating magazine to close this month
Asia-Pacific Boating magazine, one of the main dedicated publications for the marine leisure industry in Asia, is to cease publication at the end of this month with the closure of Blu Inc Media, the Hong Kong-based publisher of the title. Blu Inc Media is a subsidiary of Singapore-based SPH Group ...
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NewsGolden Boat Lifts expands on US west coast
Golden Boat Lifts has opened a distribution hub in the Bonney Lake, Washington area to service its clientele west of the Mississippi River and western Canada.
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NewsSwedish equipment maker Dometic reports a 2% rise in Q3 revenues
Dometic President and CEO Juan Vargues presented a confident picture of the company’s prospects amidst a ‘challenging global trading environment’ and affirmed plans for further acquisitions and significant restructuring
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NewsAzimut holds successful ‘Lifestyle Week’ in Malta
The second edition of the Azimut Lifestyle Week in Malta, held at Marina di Valletta and organised by local dealer Esprit Yachting Ltd, has proved a success. Some 450 people attended during the week, including 300 at the opening event, and two yachts – one of 15.2m (50ft) and another ...
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NewsBertram to expand into outboard sportfish products
US boatbuilder Bertram Yachts today announced that it is planning to expand its range of offshore fishing boats to include a comprehensive line-up of outboard-powered products.
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NewsDuarry appoints UK distributor
Marine Components International (MCI) has signed an exclusive contract to distribute the latest range of Duarry liferafts for the yacht and motorboat sectors in the UK. The deal will be officially launched at the upcoming METSTRADE Show in Amsterdam.
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NewsUS$750,000 in fire damage to US dealer
A Sunday afternoon fire caused over US$750,000 damage to Precision Boats, an Idaho Falls, Idaho boat and motorsports dealer.
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NewsABYC announces dates for 2020 Standards Week
The American Boat and Yacht Council (ABYC) has announced its 11th annual ABYC Standards Week will take place from January 6-10, 2020 in New Orleans, Louisiana.
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NewsRecord turnout for 21st Biograd Boat Show
Perfect weather helped boost attendance levels at this year’s Biograd Boat Show, which ran from October 17-20 in Biograd, Croatia.
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News
Patrick Industries Q3 sales down, earnings impacted by cyber attack
Patrick Industries, maker of component parts for the marine, RV and manufactured homes industries, is reporting third-quarter sales were off 2% or US$8.9m compared to 2018 results for the same time period, adding that the company took a US$41.5m hit due to what it calls “a sophisticated cyber-attack” last month.
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NewsYARE returns for 10th annual edition
YARE, the international aftersales and refit event dedicated to the superyacht sector, is returning to Viareggio next year from March 18-20 for its 10th edition.
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NewsGreek government to convert small harbours into marinas
The Ministry of Tourism in Greece and Minister Harry Theoharis recently decided to investigate a plan to develop the country’s peripheral marinas, especially those on some of the smaller islands.
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NewsFairline adds North American dealer
UK-based luxury boatbuilder Fairline Yachts has named Seattle, Washington-based Selene Yachts Northwest as its newest international dealership, serving customers in the Pacific Northwest region of the US and western Canada.
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NewsBurgess reports large jump in profits in 2018
CEO Jonathan Beckett increases majority share from 63% to 71%
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NewsBrunswick’s Q3 net sales down 5.7%
US-based Brunswick Corporation reported financial results through the end of September showing anticipated declines in top-line revenues, but exceeding earnings expectations
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