Market News – Page 443
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NewsTurkish builder launches new flagship
Sirena Yachts has launched its new flagship model, the Sirena 88. At 26.8m, it is the largest yacht ever built by the Turkish yard.
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NewsSIBS preview: Sydney show not just about selling boats
Some 60,000 people are expected to visit the Sydney International Boat Show (SIBS) from August 1-5, but with only about 14,000 new boats registered each year in Australia, not a lot of those people are buying boats. But that’s OK, according to Domenic Genua, general manager for marketing and events ...
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NewsUS Coast Guard funding bill includes key boating industry priorities
Last week’s passage of the Coast Guard Authorization Act by the US House of Representatives includes some key provisions sought and support by the marine industry through the National Marine Manufacturers Association (NMMA).
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NewsOceanmax reveals global expansion plans
Oceanmax, the New Zealand-based exporter of Propspeed and Lightspeed marine coatings, has announced the next phase of its global expansion plans.
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NewsYar-Craft updates flagship model
Yar-Craft Boats’ dealers got their first look at the updated 2020 model year 219 TFX during the company’s annual “Excellence in Action” dealer meeting last week, learning why the Yar-Craft flagship model is being called an “unparalleled wave crusher” in marketing materials.
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NewsUSA Pavilion to debut at Sydney show
The debut of the USA Pavilion at the Sydney International Boat Show (SIBS) is a sellout, with 13 exhibitors, companies and industry stakeholders, according to the National Marine Manufacturers Association (NMMA), which organised the trade mission.
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NewsAustralian mother charged with buying “getaway yacht” for son to evade cocaine charges
Four years after millionaire Markis Turner jumped bail to escape charges of importing 71kg of cocaine into Australia and two years after his arrest on those charges, the man’s mother has been charged with the purchase and provisioning of a getaway yacht that allowed her son to flee authorities, leading ...
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NewsBlueWater Chairs appoints new president
Marine seating specialist BlueWater Chairs has named Joe Schwab as its new president. Schwab will be responsible for expanding BlueWater’s growth and success as one of the largest and longest-operating US-based manufacturers of fighting chairs, rocket launchers, helm seats and custom high-end furniture for fishing, cruising and mega yachts.
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NewsNew operations manager at Marine Components International
Christopher Hill has joined the UK’s Marine Components International (MCI) as operations manager.
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NewsDutch SY builder expands capacity, workforce to meet demand for bigger yachts
Dutch superyacht builder Heesen Yachts has grown its build capacity by 27% and is increasing its workforce to meet demand.
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NewsBrunswick consolidates brands to form Venture Group
The Brunswick Boat Group announced today that it is combining the Bayliner, Heyday, Quicksilver and Uttern boat brands to form the Venture Group, which will be led by Bayliner president Keith Yunger.
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NewsTurkish yard unveils new business model
Turkish superyacht builder Naval Yachts has unveiled a new business model called ‘Completion Projects’.
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Merritt Precision expands operations
Merritt Precisions has acquired five acres of land in Titusville, Florida, and will break ground later this summer on an expansion project that will double capacity of the specialty milling company.
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NewsEU targets illegal tax breaks for yachts in Cyprus and Italy
The European Union Commission (EUC), in its ongoing mission to rid the EU of “unfair tax avoidance practices,” is taking steps to end illegal tax breaks in the yacht industries of Italy and Cyprus.
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NewsFLIR posts strong Q2 results
US-based electronic equipment manufacturer FLIR Systems posted strong 2019 second quarter results this week, highlighted by year-over-year gains in revenues and gross profits.
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NewsFire breaks out at two Istanbul marinas
At around 6am this morning, fire broke out almost simultaneously at two separate marinas in Istanbul, Turkey – Marinturk, which is located on the Asian side of the city, and Ataköy Marina on the European side.
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NewsVan Cappellen Consultancy forms new division
Van Cappellen Consultancy, a noise and vibration control specialist from the Netherlands, has formed a new division called Van Cappellen Sound Solutions.
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NewsMarineMax Q3 sales up 6%
US dealership chain MarineMax released its 2019 third quarter results on Thursday, marking year-over-year gains in both revenue and net income.
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NewsItalian SY builder enters refit market
Italy’s Rosetti Superyachts (RSY) is currently engaged in building a 38m (118ft) expedition yacht, which is set for delivery in 2020 in line with the owner’s request. The company, a division of the Rosetti Marino Group, also plans to enter the superyacht refit market, making use of its 180m (591ft) ...
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NewsSydney International Boat Show set for busy time
With just one week to go before the 52nd Sydney International Boat Show (SIBS) opens, the build-up to this – the biggest southern hemisphere marine leisure event – suggests it will be a busy five-day gathering. The IFBSO event, organised by the Boating Industry Association (BIA) and running from August ...
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