Market News – Page 477
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NewsBavaria restructures
The growth of German boat manufacturer Bavaria Yachts is apparently slower than expected. On Monday afternoon, a regional TV broadcasting website reported that around 5% of the workforce will have to leave. A company spokesman told float magazine that 24 employees have been laid off.
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US yacht supplies company opens NZ branch
US yacht supplies and logistics support group, National Marine Suppliers, has expanded with the opening of a new branch in Auckland, New Zealand.
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New minister in Greece assumes responsibility for boating and yachting
Alexis Tsipras, Prime Minister of Greece, has appointed the President of the Democratic Left (DIMAR) party, Thanasis Theoharopoulos, as the new minister for tourism, following the resignation last Friday of Elena Kountoura, who will be running for a seat in European Parliament later this month on the SYRIZA ticket.
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NewsGlomex the latest sponsor to sign up for Boat Builder Awards 2019
Marine antenna manufacturer Glomex is to sponsor the Retail Marketing Initiative category at the 2019 Boat Builder Awards for Business Achievement, in association with Raymarine, bringing to 10 the number of category sponsors signed up to support the showcase event.
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KAM Marine acquires Northport Bay Boat Yard
KAM Marine is broadening its reach in the upper mid-West US with the purchase of Northport Bay Boat Yard on Lake Michigan’s Grand Traverse Bay.
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NewsASMEX speakers announced
The Australian International Marine Export Group (AIMEX) has announced an impressive and diverse line-up of both Australian and international speakers for this year’s ASMEX conference.
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NewsMultiflex Marine opens European warehouse
New Dutch facility will have its grand opening on Friday
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NewsMonaco to hold world’s first Expedition Yachting Summit
Reflecting the growing explorer/expedition part of the global yachting fleet, a new event described as the world’s first Expedition Yachting Summit is due to be held in Monaco later this month.
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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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