Market News – Page 458
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NewsDrees: perfectly positioned for Mercury presidency
One month into his role as president of Mercury Marine, Chris Drees reports the transition is going smooth thanks to the team and his tenure with the company.
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NewsDutch SY builder acquires new build halls
Dutch superyacht builder Oceanco has acquired two large build halls from Heerema Fabrication Group, a builder of offshore constructions that has fallen victim to deep cuts in investments in the oil and gas industry.
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NewsSABBEX names new board members
The South African Boatbuilders Export Council (SABBEX) has appointed two new board members amidst a push to make the local industry more racially diverse.
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NewsBrunswick to sell Life Fitness division
In a move to solidify its position as a pure marine company, Brunswick Corp announced it has entered an agreement with the private investment firm KPS Capital Partner LP for the sale of its Fitness division for US$490m.
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NewsCanada’s tariff concession just part of the plan
The Canadian government’s lifting of retaliatory tariffs on boats manufactured in the US was welcomed and appreciated by both countries’ boating industries, but it was no accident according to one official involved in the process.
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2nd TYBA Yacht Charter Show starts soon
The Turkish Yachting & Brokers Association (TYBA) is to host the 2nd TYBA Yacht Charter Show in Bodrum from May 9-12 at Yalıkavak Marina.
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Balmar appoints Swedish distributor
US-based Balmar DC Charging Solutions has appointed Start & Generator as its distributor for Sweden.
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NewsHigher Q2 revenues, profits for Johnson Outdoors
Higher revenues and operating profits highlighted second-quarter results for Racine, Wisconsin-based marine equipment manufacturer Johnson Outdoors Inc.
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NewsMercury Marine breaks ground on US$17m propeller expansion
Mercury Marine has broken ground on a 30,000sq ft, US$17m addition to its propeller casting facility in Fond du Lac, Wisconsin that will nearly double the current capacity for stainless steel propeller production.
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NewsCanada rescinds 10% tariff on US-made boats
Removal of retaliatory tariffs seen as a critical first step toward elimination of US section 232 tariffs and ratification of USMCA trade agreement
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NewsReclamation project set to impact boating businesses and SY berthing in Gibraltar
Marine businesses will have to be relocated following green light for reclamation of Gibraltar dockyard area
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News12th edition of the Korea International Boat Show opens next week hosting 241 companies
Show aims to spearhead leisure marine market development
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NewsDamen Shipyards, Adriatic Marinas launch recruitment for yacht repair facility
New luxury yacht repair yard begins recruitment
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NewsCanadian government seeks comment on proposed PFD, signal standards
Consultation period for potential amendments to safety device regulations concludes May 17
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US senator links end to aluminium & steel tariffs to passage of USMCA
Charles Grassley calls for the end to the Section 232 aluminium and steel tariffs targeting Mexico and Canada
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NewsNMMA Canada to release initial 2018 Statistical Abstract sections on May 10
New data expected to clarify impacts of retaliatory tariffs on boat imports, sales
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Bermuda eyeing private boat licenses?
Local ship captain’s campaign for formal licensing of recreational boaters gaining momentum
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NewsUS Treasury Secretary: negotiations with China in “final lap”
Deal could be reached by end of June
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US powerboat registrations up through February
Tow boats and PWC registrations lead the pack while larger boats make solid gains
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