Market News – Page 444
-
NewsRecord Q2 sales for Marine Products Corp
US-based fibreglass boat builder Marine Products Corp has released its 2019 second quarter results, reporting record sales for the period.
-
NewsProtests could derail €30m Spanish marina project
Spain’s United Left (Izquierda Unida), Equo, and Adelante Andalucía parties have declared their opposition to a new marina with at least 500 berths that is to be developed in Motril on the Spanish Mediterranean coast.
-
NewsStrong summer sales for Ocean Alexander
Alexander Marine, the US importer of Taiwanese-built Ocean Alexander yachts, has announced the recent sale of four new motoryachts. Three inventory sales occurred on the US east coast and another on the west coast.
-
NewsFuture Fibres and RigPro boost overseas resources
Two member companies of the North Technology Group (NTG) – Future Fibres and RigPro – have expanded their resources in Spain and the US respectively.
-
NewsMoonen ‘close to entering new era’ with new investor
Moonen Yachts says it has a new investor to replace Mexican steelmaker Altos Hornos de Mexico (AHMSA), whose financial downfall plunged the Dutch superyacht-maker into bankruptcy on July 11.
-
NewsPolaris reports strong Q2 financials
Polaris Industries released strong 2019 second quarter results on Tuesday, driven in part by strong boat sales.
-
![akzonobel-logo_5[1]](https://d1ajyvl96t5n4x.cloudfront.net/Pictures/web/t/r/l/akzonobellogo_51_446446_crop.gif)
NewsAkzoNobel: strong results overall, but flat in marine coatings
Dutch paint and coatings manufacturer AkzoNobel has posted strong first-half results, including a €280m net profit, up 24% from the same 2018 period. It cited cost savings and higher prices for AkzoNobel products.
-
NewsSuzuki GB appoints national sales manager
Suzuki GB has promoted Mark Beeley to the position of national sales manager for its Marine division.
-
NewsNMTA to begin accepting Grow Boating grant applications
The Seattle, Washington-based Northwest Marine Trade Association (NMTA) has announced that it will begin accepting applications for its 2020 Grow Boating grant program on August 1, 2019.
-
NewsMDL teams up with British Keelboat League and RS Sailing
MDL Marinas in the UK has been made the ‘Official Marina Partner’ of the British Keelboat League and RS Sailing. As part of the agreement, MDL will provide the new fleet of RS 21 keelboats with easy access to the water during the British Keelboat League events taking place throughout ...
-
NewsItalian builder grows production
Absolute, the Italian yacht-builder, says it plans to expand production in its current fiscal year ending September 31, 2019 to 85 units compared to around 75 in 2016-17 – an increase of some 13%.
-
NewsBrunswick looks to trim US$35m, additional layoffs coming
More layoffs are instore at Brunswick Corp subsidiaries as the company announces plans to produce up to US$35m in “cost reductions”, suggesting details will be delivered during a quarterly earning conference call with stock market analysts on Thursday.
-
NewsPolish boatbuilder reports increased exports
Galeon, a prominent exhibitor at the recent Wind & Water boat show in Poland, is reporting strong exports. The news comes not long after Galeon picked up a 2018 IBI-METSTRADE Boat Builder Award in the Innovative Onboard Design Solution category for its 640 Fly and 650 Skydeck models.
-
NewsBoat stocks sink amid Wall Street fears
Boating-related stocks took a beating Monday as analysts cut earnings and target estimates on the news of declining US boat sales, showing signs that the marine industry’s eight years of sustained growth could be nearing an end.
-
NewsObituary: Ron Allatt
Ron Allatt, co-founder of Australian deck hardware manufacturer Ronstan, passed away peacefully last week with his wife Jan at his side. He was 89.
-
NewsLinssen reports strong first-half
Linssen Yachts of the Netherlands says it delivered 87 yachts in the first half of 2019, including its entire fleet of pre-owned vessels. Marketing manager Paul Beelen said the deliveries comprised 61 new and 26 used motoryachts.
-
NewsLignia in major supply deal with UK builder
All newly commissioned Spirit yachts will now be fitted with Lignia decking, a durable and sustainable alternative to teak. The Ipswich-based yacht builder, currently completing a Spirit 111 performance sailing superyacht, believes that Lignia will become “the industry standard for decking”.
-
NewsSunseeker reports solid growth in profitability
The UK’s Sunseeker International has reported substantial growth in gross margins and retained profit for the year ended December 31, 2018.
-
NewsGreen light for Suntex marina redevelopment
Suntex Marina Investors in the US today announced that the Fort Lauderdale City Commission has voted unanimously to approve plans for the renovation of Las Olas Marina.
-
NewsMalibu licenses surf technology to Sanger Boats
Towboat-builder Malibu Boats has announced a licensing agreement in which Sanger Boats will be utilising the Tennessee boatbuilder’s wakesurf technology.
LinkedIn
X / Twitter
Facebook
Email us
