Market News – Page 473
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NewsRoger Hill-designed asymmetric foiling powercats prove a hit for Kiwi builder
Pachoud Motor Yachts’ innovative Roger Hill-designed asymmetric foiling powercat is proving a hit, with the New Zealand builder just announcing that it has just sold two more. Hulls #4 and #5 are now in production.
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Bryant Boats signs multi-store dealer in Spain
Bryant Boats, the US builder of bowrider and tow-sport boats from Sweetwater, Tennessee, has signed its first dealer in Spain.
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Cobalt announces US$7m, multi-year facility expansion
Cobalt Boats is expanding its capacity at the Neodesha, Kansas factory where it has built boats for the past 50 years to meet market demands.
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NewsMarquis Yachts restructures following Larson sale
With the sale of its Larson boat brand to Polaris and the first Lexus-branded yacht due this autumn, Marquis Yachts has announced a strategic reorganisation focused exclusively on the luxury yacht market.
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NewsNew marine brand strategy for Lippert Components
Equipment conglomerate to brand all marine products under the Taylor Made marque
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NewsExhibitors pleased with Toronto show results
Boatbuilders and dealers exhibiting at the 61st Toronto International Boat Show appear pleased with the results of the 10-day event, despite lingering frustration over a 10% federal tariffs on US-made boats.
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NewsTrade wars impacting whole of US economy
Trump tariffs to restrict GDP growth by an average of 0.1% per year for the next decade if they remain in place
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NewsNew product line boosts Nautor’s financial performance
At its boot Düsseldorf press conference last week, Finnish yacht-builder Nautor’s Swan said that the renewal of its product range has contributed to enhancing its financial performance.
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True North Powerboats sold
Catalina Yachts in Largo, Florida has acquired Downeast cruiser manufacturer True North Powerboats for an undisclosed sum. The moulds for the True North 34, True North 34 Outboard Express and True North 38 are being moved to the Catalina plant and production will begin this year.
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Irish capital to get boat engine showroom?
Dun Laoghaire on Dublin Bay, Ireland will get a new ‘boat engine showroom’ if planning permission is granted at a West Pier site in South Dublin Harbour.
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NewsBolton Marine acquires Daigle
Canadian aluminium boat builder Bolton Marine Group announced this week that it has acquired Daigle Marine, a British Columbia-based manufacturer of welded aluminium yachts and commercial workboats. Terms of the transaction were not disclosed.
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NewsNMMA’s Dammrich honoured by marina industries
Outgoing National Marine Manufacturers Association (NMMA) president Thom Dammrich was honoured during the opening ceremonies of last week’s International Marina & Boatyard Conference in Ft Lauderdale, Florida.
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NewsBritish marine firm to appear in BBC program on Brexit
Barton Marine CEO outlines the impact Brexit will have on her company for BBC television show
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NewsFountaine Pajot emphasises growth following Dufour investment
The Fountaine Pajot (FP) group, which since last year includes Dufour, emphasised its new status at boot Düsseldorf last week, indicating that it is now a leading player in the European boating market.
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Marine segment contributes $145m to Polaris Q4 results
Polaris Industries Inc reported that its Boat Holdings LLC acquisition contributed $145m in revenues to its fourth quarter 2018 results, exceeding company expectations.
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NewsUS government shutdown ‘hits close to home’ for boating industry
The longest government shutdown in US history ended last week with a stop-gap funding measure that will keep federal agencies working until February 15. But the month-long stalemate resulted in an US$11bn hit to the US economy, creating several challenges to the recreational boating industry, according to an analysis released ...
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NewsFirst Mazu 82 sold to Turkish owner
Turkey’s Mazu Yachts has announced the sale of Hull No 1 of its latest model, the Mazu 82, to a Turkish owner. At 82ft, it is the company’s largest yacht yet and comes on the heels of its successful 38ft, 42ft and 52ft models.
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NewsSwedish sailboat builders target German market
Najad and Arcona Yachts of Sweden have chosen AP Yachting GmbH to serve as their new dealer for Germany.
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French luxury services firm opens yacht division
Barnes, a company based in France that provides tailor-made services to a wealthy French and international customer base, has established a new division offering a suite of yachting services. The news follows the company setting up other new ventures covering art and wine.
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Humphree reports strong success in Italy
Humphree, the Swedish pioneer developer of the interceptors that have replaced trim tabs in so many applications, has reported that they are now supplying product to most of Italy’s major yacht-builders.
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