Market News – Page 471
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NewsNew Bellingham Marine CEO
US marina construction company Bellingham Marine has announced that owner and chairman Joe Ueberroth will succeed outgoing president and CEO Everett Babbitt when he retires at the end of this year.
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NewsWeather hampers Montreal show attendance
An unfortunately-timed winter storm that brought icy winds, temperatures in the -20C range and multiple road closures is being blamed for lower crowds at the 20th annual Montreal Boat and Water Sports Show, which was held from January 31 to February 3 at the Place Bonaventure exhibition complex.
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NewsDealersCircle signs Cobalt Boats
DealersCircle Inc, a web-based marine industry provider that links the manufacturer, dealer and customer together with its state-of-the-art software application, has added Cobalt Boats to its growing roster.
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Glomex reports strong 2018
Glomex Marine Antennas USA has posted 357% sales growth in its first year. The figure was fuelled by the company securing relationships with over 250 distributors, dealers and rep groups throughout the US and Canada.
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NewsQ-Marine appoints UK distributor
Hampshire, UK-based Hypro Marine Ltd has been made a distributor of Q-Marine’s Q-SPD Surface Drive Systems from New Zealand.
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NewsDometic Group posts record 2018
Dometic Group reported record sales and earnings for its 2018 year-end and fourth quarter results. The marine segment is playing a bigger part in the Swedish equipment company’s success.
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NewsSolid sales at Gothenburg show
Exhibitors at the 60th Gothenburg Boat Show, which closed on Sunday after a 10-day run, have reported strong sales. In total, around 56,792 people visited the Swedish show (56,892 in 2018), which is seen as a barometer of the Nordic boat market.
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NewsNew marketing and PR firm launches in UK
A new full-service marketing and PR agency, The Marine Social Responsibility Consultancy, has formed in the UK with the aim of helping brands, companies and organisations better connect with the issue of the world’s “marine health”.
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NewsMasterCraft, MarineMax partner on new Aviara line
MasterCraft Boat Holdings, parent company of NauticStar, Crest and MasterCraft Boats, has entered an exclusive national distribution deal with boat and yacht retail giant MarineMax on MCBH’s new Aviara brand of boats.
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NewsBenettti sells first Diamond 145
Italy’s Benetti Shipyard has announced the sale of its first Diamond 145 model, the 44m displacement yacht presented last September at the 2108 Cannes Yachting Festival. The new flagship in the Class product line is a yacht that symbolises power and balance.
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NewsUS equipment company Lippert reports 15% growth
Lippert Components is on a fast-track to diversify from the RV sector by expanding in marine markets and other adjacent industries
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BSI acquires Danish propeller firm
Danish deck hardware and rigging manufacturer BSI A/S has acquired Hundested Propeller A/S, a Danish supplier of controllable pitch propellers and gearboxes, and tunnel and retractable swing thrusters. Terms of the deal were not disclosed.
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NewsMonte Carlo Yachts targets Panama
Monte Carlo Yachts has appointed its first key partner in Panama, Narval Marine.
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NewsPalumbo invests €6m in new syncrolift
A new syncrolift is now operating at Palumbo Superyachts’ shipyard in Ancona, Italy.
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NewsFinnboat reports boom in domestic boat sales
Finnish marine federation Finnboat today reported that the warm summer of 2018 helped boost domestic sales of small motorboats and PWCs in Finland last year. Sales of motorboats over 9m in length also continued to grow, as did sales of large outboard engines.
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Dutch America’s Cup entry names MD
Eelco Blok, a former CEO of Dutch telecoms provider KPN, has been named managing director of DutchSail, the company behind the Dutch challenger in the 36th America’s Cup in 2021.
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NewsWakeboats could be sunk under proposed Vermont legislation
A US bill that would ban wakeboats and effectively ban wake-surfing in parts of Vermont will be vigorously opposed by the Watersports Industry Associate (WIA) and the National Marine Manufacturers Association (NMMA).
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NewsKiwi-designed and built electric boat goes into production
The owners of Beacon Marine, a New Zealand supplier of marine electonics and electrical solutions, are helping to pave the way for electric boating in NZ
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New Balmar distributor for Belgium and France
Balmar, the DC charging solutions specialist from the US, has chosen Xlokk Enterprises to distribute its products in Belgium and France.
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NewsMalibu posts strong Q2 results
Malibu Boats in the US has posted strong second quarter results on the strength of recent new model introductions and improved operational efficiencies.
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