Market News – Page 485
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NewsNew initiatives offer India’s leisure marine sector a more positive future
India has always been looked upon as holding a sizeable recreational marine market potential, but somehow it has never made much progress. New initiatives under the current government could prove to be the catalyst that will change that.
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NewsMasterCraft reports strong Q1 sales
MasterCraft Boat Holdings reported first-quarter net sales were up 44% to US$93.6m from the prior year. Gross profits increased nearly 28% and net income was up just over 20%.
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NewsMasterCraft parent company changes name
MCBC Holdings Inc – the parent company of MasterCraft, NauticStar and Crest Marine – has changed its corporate name to MasterCraft Boat Holdings Inc, effective immediately.
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Poland’s new regulation to cap yacht registration fees
Draft order to reduce rate for owners of larger vessels
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NewsFirst Maldives marina to open early in 2019
The Maldives is readily known for its beauty and considerable potential as a superyacht cruising area, but while it has a number boat and yacht mooring locations, the country is still without a proper marina. This is set to change over the next couple of years with a new 30-berth ...
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NewsMassachusetts Marine Trade Association receives US$100,000 toward workforce development
The Massachusetts Marine Trades Association (MMTA) has been awarded $100,000 from the State of Massachusetts to support workforce development and career technical education in the marine trades.
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NewsAustralian marina development moving ahead
Water-based development and harbour dredging are currently underway for the first phase of a proposed 318-slip, state-of-the-art marina facility being constructed at Burnett Heads on Australia’s Coral Coast.
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NewsCRN unveils new series of explorer yachts
Italian shipyard CRN has unveiled the AlfaRosso concept, a new series of explorer yachts designed by Francesco Paszkowski Design. The yachts will be available in three lengths – 45m, 50m and 55m – with a gross tonnage from 499GT for the 45m model.
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News1st Asia Powerboat Championship to take place in Hong Kong
The high-speed sport of powerboat racing is having its first Asian championship in Hong Kong tomorrow. Organised by the Asia Powerboat Association led by Martin Lai, Jacky Kong and Mark Tribe from Asia Powerboat Development Ltd, the 1st Asia Powerboat Championship will be held from November 9-11 in Tolo Harbour, ...
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Smart Locks for Yachts in exclusive UK distribution partnership
Smart Locks for Yachts has announced an exclusive UK distribution partnership with Trend Marine Products Ltd, a designer and manufacturer of marine doors and glazing systems, ahead of both companies’ presence at the METSTRADE Show in Amsterdam next week
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NewsSA boatbuilders welcome new industry umbrella body
The South African Boatbuilders Export Council (SABBEX) has welcomed the formation of a new national maritime umbrella organisation tasked with growing and transforming the country’s maritime economy.
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NewsAncasta opens ‘virtual’ UK office
Ancasta, the UK-based international boat sales firm, has opened a ‘virtual’ office in Portland and Poole to service central southwest England.
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MarineMax expands financing capacity
MarineMax has expanded its financing facility to provide for borrowing of up to US$400m from the previous limit of US$350m. The three-year term expires October 2021 and has two one-year renewal options.
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NewsBahamian Marinas initiative to increase boat traffic to the islands
The Association of Bahamas Marinas (ABM) has launched an initiative to drive more boat traffic to the island nation as well increase boating participation by its citizens. The Voyager program, unveiled at the Fort Lauderdale International Boat Show (FLIBS), offers participants discounts, cruising guides and invitations to special events.
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NewsBeneteau sets up permanent trials base
Port Ginesta in Barcelona chosen as home for year round boat trial facility
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NewsPort 32 yacht service facility at Fort Lauderdale to open by year-end
Redevelopment is well underway for the new Port 32 Fort Lauderdale Marina, slated to open by year-end as a yacht service destination
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NewsGroupe Beneteau registers strong growth as multihull and outboard sectors shine
Boat business beats forecasts to register 9% growth
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NewsUS boating industry reports strong summer season
Total US powerboat shipments for July were up 8% year-to-date and new powerboat registrations were up nearly 4% in August on a rolling 12-month year-over-year basis, according to data released by the National Marine Manufacturers Association (NMMA).
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Biograd show attracts record crowd
The 2018 Biograd Boat Show in southern Croatia closed last Sunday with a record number of visitors, exhibitors and boats on display. Some 16,876 people attended the four-day event in Marina Kornati which, apart from Sunday morning, was blessed with blue skies and t-shirt weather.
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6th Sri Lanka show approaches
The 6th edition of the Sri Lanka International Boat Show and Marine Festival opens on Friday in Galle. Neil Fernando, chairman of event organiser the Boatbuilding Training Institute (BTI), spoke with IBI in the run-up to the show.
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