Market News – Page 452
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NewsUK boatbuilding start-up receives funding
The Cornwall & Isles of Scilly Investment Fund (CIOSIF) in the UK has supported new Cornish start-up boatbuilder, Henderson Fletcher Yachts, with a £39,500 loan. The Gweek-based firm will manufacture high-end, sail-powered yachts and motor cruisers to be sold to clients worldwide via an international brokering network.
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NewsNew hires at Scout Boats
US sportsboat builder Scout Boats has hired two new members of staff at its South Carolina headquarters – sales coordinator Carol Anne Henry and Adam Young, customer service supervisor.
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NewsDutch boatbuilder expands global reach
Zeelander Yachts of the Netherlands has expanded its international reach with the delivery of two new Z55 sport cruisers to the Great Lakes in the US and Moscow in Russia – the first sales for Zeelander in these regions.
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NewsAustralian marina sector sees moderate revenue and job growth
Survey provides key indicators on Australia’s marina sector
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NewsRecreational boating industry reels at proposed Mexico tariffs
President Trump’s threat last week that he would impose additional tariffs on all goods from Mexico in order to force the government there to help curb illegal immigration into the United States has the recreational boating industry reeling and could jeopardize adoption of the US-Mexico-Canada Agreement (USMCA).
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NewsSanlorenzo previews new models in Milan
Italian superyacht builder Sanlorenzo unveiled the new SD96 and SL96Asymmetric during a press conference at the Milan Triennale on Monday.
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NewsMercury Marine cuts ribbon on US$9m diecast expansion
In a move to expand capacity to meet current and future product demand, Mercury Marine has completed a US$9m, 23,500sq ft expansion to its diecasting operation at its Fond du Lac, Wisconsin headquarters.
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NewsBellingham completes first phase of Australian marina project
One of the latest projects for Bellingham Marine in Australia involves the first phase completion of Trinity Point Marina on Lake Macquarie in New South Wales.
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News3rd Posidonia Sea Tourism Forum attracts strong crowd
Development potential of the Eastern Med sets agenda for this year’s event
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NewsMaritimo reports multiple sales at Sanctuary Cove show
Australian cruising yacht manufacturer Maritimo has reported strong sales at the recent Sanctuary Cove International Boat Show (SCIBS) – a reflection of its growing status in the international market. The enhancement of its status includes the doubling of its manufacturing plant on Australia’s Gold Coast, a consistent new model launch ...
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NewsMarquis looks to "fill hole" left by Sea Ray
The new Marquis Yachts debut scheduled for the Ft Lauderdale International Boat Show (FLIBS) will be an “elegant and exquisite day boat,” according to president and CEO Rob Parmentier, that will target the market segment abandoned by Sea Ray when it discontinued its yacht and sport yacht lines last year.
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NewsFraser COO wins MIASF award
Mike Busacca, chief operating officer at Fraser Yachts, picked up the Marine Industry Assocaition of South Florida (MIASF) Award of Excellence last month for his contributions to the marine industry.
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NewsFerretti’s Australian representative opens Melbourne dealership
In the past fortnight, two of Europe’s largest boatbuilders – Ferretti and Princess – have both appointed new representatives in Australia, while Ferretti’s importer in Australia and New Zealand – Ray White Marine, appointed in 2015 – has expanded by launching a new regional dealership in Melbourne.
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NewsSwedish charter firm partners with Annapolis Yacht Sales
Swedish charter firm Navigare Yachting has added Annapolis Yacht Sales (AYS) in the US to its network of partner dealers. Sailing enthusiasts from the Mid-Atlantic region will now have access to more charter placement opportunities in the Caribbean and Bahamas, as well as the Mediterranean and Thailand.
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NewsFlorida tops in boat thefts
The state of Florida is consistently number one in boat registrations, so it stands to reason it would be the top state for boat thefts as well – and for the third straight year, it is.
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NewsUS powerboat sales up in 2018
America’s NMMA continues the release of its 2018 US Recreational Boating Statistical Abstract which shows, among other positives, an 11-year high of outboard-powered new boat sales at 177,600 units.
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NewsUK marina operators merge
Two of the UK’s biggest marina operators – Quay Marinas Ltd and Dean & Reddyhoff Ltd – have agreed to merge. Once finalised later this year, the new combined company will operate the widest network of coastal marinas in the UK.
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NewsVietnam and China: same yacht potential, different yacht approach
In many ways, Vietnam and China mirror each other in stunning and rapid wealth creation, making both prime markets for high-end yacht sales, but the way each country’s government embraces big boats is having opposite effects.
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NewsTrump announces new tariff on Mexican goods
US president Donald Trump raised eyebrows on Thursday when he took to Twitter to announce plans to impose a new 5% tariff on all goods imported from Mexico effective June 10.
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NewsDiscover Boating grows marketing team
The National Marine Manufacturers Association (NMMA) in the US has announced four new appointments to its Discover Boating consumer marketing team.
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