Market News – Page 442
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NewsLatvian yard completes first yacht
Latitude Yachts has completed the construction of its first yacht, a trimaran, at the company’s shipyard in Sarkandaugava, within the Freeport of Riga, in Latvia.
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NewsPorto Montenegro to invest €500m over 15 years
In recent interviews with news outlets in Montenegro and Serbia, Danilo Kalezic, the senior PR manager for Porto Montenegro, has suggested that over the next 15 years as much as €500m will be invested in the Montenegrin marina.
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NewsSydney International Boat Show dubbed a “resounding success”
With total attendance at just over 60,000 people, the Sydney International Boat Show (SIBS) was dubbed a “resounding success” by its organisers, the Boating Industry Association (BIA).
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NewsNMMA hosts ‘Cheers & Beers’ reception at Sydney show
When trying to establish contacts and a foothold in a new, overseas market it’s not enough to just show up; it requires legwork and marketing, and in some cases, a little libation.
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NewsFischer Panda extends partnership with UK builder
Fischer Panda UK’s variable speed iSeries 5000i Neo and 8000i generators have chosen by Fairline as the cost option gensets for its new F//Line 33 express cruiser.
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NewsCummins reports mixed bag in Q2 results
Cummins Inc has released its second quarter results reporting mild revenue increases overall in a generally flat market.
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NewsBIA president calls boating “the drug of choice”
Australia’s Boating Industry Association (BIA) president Darren Vaux opened the 52nd edition of the Sydney International Boat Show (SIBS) last week by telling his members and exhibitors from around the world that the industry should adopt a universal promotional message: “Boating: The Drug of Choice.”
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NewsFastmount announces master distributor in Spain
Fastmount, the New Zealand-based manufacturer of hidden panel mounting systems, has announced Riviera Trade as its master distributor for Spain.
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NewsJohnson Outdoors reports Q3 revenue gains
Marine and outdoor equipment manufacturer Johnson Outdoors Inc released its 2019 third quarter results on Friday, reporting higher revenues on the strength of solid fishing equipment sales.
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NewsSunreef Yachts | Francis Lapp
Polish luxury catamaran builder expands abroad, adds new models to its portfolio and selects Cannes 2019 to serve up the 80-footer powerboat design which won over new owner Rafeal Nadal
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NewsUS manufacturers hope to win over ‘Down Under’
The 52nd edition of the Sydney International Boat Show (SIBS) opened on Thursday with the first-ever USA Pavilion – a block of 15 equipment, component and boat manufacturers exhibiting in a single location as part of the National Marine Manufactures’ Association (NMMA) Export Development Program.
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NewsJoint Cypriot-Israeli venture proposes €1bn marina project for Larnaca
A Cypriot-Israeli joint venture company has submitted a proposal for more than €1bn for the development of the existing marina and port at Larnaca, which it would be the largest investment in Cyprus to date.
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NewsTrump threatens additional 10% tariff on Chinese goods
US President Donald Trump took to Twitter on Thursday afternoon threatening to impose a new 10% tariff on an estimated US$300bn worth of goods imported into the US from China
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NewsSunseeker London delivers three 100ft-plus yachts in July
UK yacht broker Sunseeker London today announced that it delivered three large boats with a retail value of over £50m in the month of July.today announced that delivered three large boats with a retail value of over £50m in the month of July.
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NewsThe Boat Works doubles in size
The Boat Works, Australia’s largest shipyard and marina facility, has doubled in size to 54 acres (218,530sq m) and is on track to welcome the first superyachts to its new purpose-built facility by summer 2019.
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NewsIBEX announces 2019 Super Sessions
The organisers of the International BoatBuilders’ Exhibition and Conference (IBEX) have announced a series of Super Sessions and special events, as part of its Education Conference. The Super Sessions are hosted by exhibiting companies and industry associations to offer in-depth training and topic-specific learning. The pre-conference Super Sessions take place ...
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NewsNew €4m marina planned for northern Spain
A new marina is to open in San Vicente de la Barquera on the Spanish Mediterranean coast, thanks to an investment estimated to be worth some €4m (US$4.5m).
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NewsGarmin inks exclusive supply deal with Regulator Marine
Garmin International has signed an exclusive supply agreement with North Carolina-based Regulator Marine that will see Garmin electronics offered as standard equipment on all Regulator boats from 23ft-41ft, including the company’s new 26XO centre console crossover.
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NewsWally teams up with top European resort
Wally, the newly acquired Ferretti Group brand, has teamed up with one of the Mediterranean’s most exclusive party venues – Phi Beach on Sardinia’s Costa Smeralda – by providing a Wallytender to serve as an exclusive concierge boat for the summer season. The Wallytender will transfer VIPs to the club ...
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NewsCanadian government implements new legislation to deal with abandoned boats
The Government of Canada is busy this week promoting the official implementation of its new Wrecked, Abandoned or Hazardous Vessels Act, which provides fines of up to C$50,000 for individuals and $250,000 for businesses which are found to be guilty of abandoning boats.
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