Market News – Page 445
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NewsBest of Boats (BOB) Awards – jury revealed
The jury has been announced for this year’s Best of Boats (BOB) Awards. They come from 16 countries and represent every important watersports destination and boatbuilding nation.
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NewsInmarsat buyers provide assurances to UK government
Following the news that the proposed $6bn acquisition of the satellite communications group, Inmarsat, had been referred to the UK Competitions & Markets Authority (CMA) for clearance, the buying consortium has given reassurances to the UK government about its future commitments to the UK.
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NewsUK’s Isle of Wight to strengthen marine infrastructure
In two recent actions, the UK’s Isle of Wight (IOW) Council has taken steps to buy key buildings related to the island’s important marine industry and released the latest masterplan for Newport harbour.
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NewsCorporate changes at two UK yacht builders
Corporate changes to the ownership structures at both Fairline Yachts and Princes Yachts have recently been made known through filing to Companies House, the UK business register.
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NewsNorway aims for zero fatality leisure boating
The Norwegian Minister of Trade and Industry Torbjørn Røe has initiated an action plan to reduce the number of serious accidents relating to the use of recreational craft.
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NewsCPS Distributors expands sales team
US-based marine audio equipment distributor CPS Distributors Inc has named Fred Kolacki as its new southeast regional sales manager. Located in Kansas City, Missouri, CPS Distributors is the exclusive marine distributor for JVC, Kicker, Memphis and its own CPS brand.
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NewsMasterCraft redesigns entry-level product line
MasterCraft Boats is revamping its entry-level NXT product line for the 2020 model year to “deliver a more athletic and refined look with an all-new interior, exterior, and even more performance,” according to a company news release.
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NewsUK boaters urged to respond to HMRC consultation on red diesel
The Cruising Association (CA), Britain’s leading organisation for cruising sailors, is urging UK boaters to respond to HMRC’s consultation on the future of red diesel.
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NewsUS powerboat registrations continue to climb through May
New powerboat registrations in the US were up 3.3% through May on a rolling 12-month year-over-year basis but up just 1% on a rolling 3-month year-over-year scale, according to the latest data from the National Marine Manufacturers Association (NMMA).
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NewsEP Barrus expands Marine Leisure Division
EP Barrus Ltd, the UK-based engine importer and distributor, has appointed Matt Dayman to the newly created role of application and technical support engineer for the Marine Leisure Division.
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NewsBoatUS to host Erie Canal community engagements
American boating advocacy group BoatUS is spearheading a community engagement program that seeks input from boaters on potential upgrades to New York State’s Erie Canal, a popular boating destination and part of North America’s Great Loop cruising route.
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NewsLinssen to build 10 more craft for French charter firm
Linssen Yachts of the Netherlands will build another 10 self-drive rental craft for France’s Locaboat Holidays. Since late 2017, it has already delivered 28 steel Pénichette Evolution motoryachts, which it has jointly developed with Locaboat.
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NewsFire destroys Key West Boats facility, production uninterrupted
It took two local fire departments an hour to bring under control a fire that destroyed the Tooling Shop and damaged an administrative building at Key West Boats in Dorchester County, South Carolina over the weekend.
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NewsAnnapolis Inflatables sold
Two long-time Annapolis, Maryland marine businesses will be combining forces now that Fawcett Boat Supplies has completed its acquisition of Annapolis Inflatables (AI).
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NewsDelays to hurricane repairs hurting Florida economy three years later
Jacksonville, Florida’s Fernandia Harbor Marina sits nearly empty and awaiting completion of some US$10m in repairs needed following Hurricane Matthew’s 2016 destruction, and the local economy has been feeling the effects.
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NewsMoonen bankrupt
A Dutch court has declared Moonen Yachts bankrupt. The ruling comes two weeks after the Dutch builder said it was close to a deal with a new financial backer.
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NewsUS pontoon, watersport, fishing and trailer boat sales up
NMMA releases latest Statistical Abstract for 2018
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NewsEagleTree Capital acquires Invincible Boat Company
New York-based private equity firm EagleTree Capital has acquired a majority stake in Invincible Boat Compan
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NewsABYC inaugural educator training conference next week
The American Boat and Yacht Council (ABYC) will host its inaugural Marine Service Technology Educator Training Conference from July 23-25 at the Hornor Maritime Center in Annapolis, Maryland.
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NewsCox Powertrain expands technical leadership team
Cox Powertrain in the UK has announced new management appointments to further strengthen its technical leadership team ahead of production of the new CXO300 diesel outboard, which is set to commence this year.
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