Market News – Page 482
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NewsCrestliner Boats appoints new president
A veteran of Brunswick Corporation’s Life Fitness division has been tapped to lead Crestliner Boats. Brittany Hizer was appointed president of Crestliner Boats on Tuesday, reporting to Brunswick’s Aluminum Fish Group president Dirk Hyde.
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Conflict over Greek yacht cruising tax and sea tourism growth plans
A new yacht cruising tax implemented by the Greek government last week which was originally due to be paid within 10 days has now been delayed until early April 2019. This action has been taken due, in part, to the intervention of the Cruising Association, the international body for yacht ...
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NewsRutgerson in Elvstrøm supply deal
Swedish sail hardware manufacturer Rutgerson has signed a three-year supply contract with Elvstrøm Sails, one of the world’s largest sail-makers.
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NewsCape Town proposes new bylaw to regulate inland watersports
The City of Cape Town has proposed a new permit system to regulate the use of vessels on all inland water sites within its jurisdiction, Independent Online News reports.
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Donovan Marine acquires Morgan Recreational Products
Donovan Marine, the Louisiana-based international distributor of marine components and transportation equipment, has acquired Morgan Recreational Products in a deal with undisclosed terms.
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NewsThiébaut out, BRP Powersports restructures
Bertrand Thiébaut is out as head of the BRP Powersports Group and an “internal leadership restructuring” will have the company co-led by Sandy Scullion as Senior Vice President, Global Retail & Services and Thomas Uhr as Senior Vice President, Product Engineering and Manufacturing Operations.
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New Albanian marina to open in 2021
Swiss company Finsec AG is building a new marina on Albania’s Kalaja e Turrës peninsula on the Adriatic Sea that will form part of a luxury complex. According to company representatives, the marina and service area are scheduled for completion in the first half of 2021.
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NewsSafety protocols in question as details emerge of dramatic SA rescue
A senior South African politician has questioned whether a breach of safety protocol led to the catamaran accident in Table Bay on Monday involving five British tourists and three local crew.
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NewsChinese outboard engine maker reports growth, secures UN supply contract
Chinese outboard engine manufacturer Parsun has come quite a way since it became part of the Chinese, A-share listed public company Eastern Precision in 2015, of which it is now a fully owned subsidiary.
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NewsHull No 6 of OTAM 80HT sold
Italian boatbuilder OTAM has announced the sale of Hull No 6 in the OTAM 80HT series. Attitude is currently in build at the yard’s facility in Genoa and is due for delivery to its new owner in April 2020.
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Brunswick announces pricing of US$115m debt offering
Brunswick Corp has announced the pricing of its offering of $115m aggregate principal amount of 6.625% senior unsecured notes due 2049 under an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC).
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NewsVasilaros elected to International Trade Advisory Committee
Nicole Vasilaros has been elected as vice chair of the International Trade Advisory Committee on Consumer Goods (ITAC), one of 14 trade advisory committees jointly managed by the US Department of Commerce and the United States Trade Representative (USTR).
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NewsBritish tourists rescued off capsized cat near Cape Town
Five British tourists had to be rescued from a capsized sunset cruise catamaran outside Cape Town harbour on Monday afternoon.
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NewsSubsidies for Swedish boat scrapping scheme
Swedish boat owners can scrap their old boats for free this year
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NewsJohnson Yachts appoints dealer for SE Asia
Johnson Yachts has expanded its global dealer network with the appointment of Singapore-based Dream Nautical, to cover Southeast Asia. This territory joins the other dealer partners located in the US, Germany, UK, Cyprus, Japan, Australia and New Zealand.
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Frauscher gives sneak preview of projects in the pipeline for 2019
Michael Frauscher, managing director of Austria’s Frauscher Boats, promised “evolution and revolution” to 300 invited guests at a presentation of new projects at Frauscher’s shipyard in Ohlsdorf, near Lake Traunsee in the Salzkammergut, last night.
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NewsSeakeeper names new CFO
US-based marine stabilisation specialist Seakeeper has promoted vice president of finance Rebecca Smitha to chief financial officer. In her new role, Smitha will focus more on strategy and overall goals, allowing her teams to run more of the day-to-day operations.
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News7th Ocean Marina Pattaya Boat Show approaches
A multibillion baht line-up of power and sail boats for sale and charter will be on display next week at the 7th Ocean Marina Pattaya Boat Show in Pattaya, Thailand. Almost 30 global and local boat brands will be represented, ranging from dinghies, trailer boats and speedboats, to larger luxury ...
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NewsMB92 joins Feadship Services Network
The MB92 Group has been chosen to form part of Feadship’s new Services Network. Alongside Amico & Co, Monaco Marine and Rybovich, MB92 will be an exclusive provider of maintenance, repair and warranty work in Barcelona for new and existing Feadship customers.
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NewsWhirlwind hits Turkish marina
Marmaris Yacht Marina, one of Turkey’s largest marinas located on the south coast, was damaged by two whirlwinds on Wednesday. Several boats and docks were damaged, but no injuries were reported.
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