Market News – Page 502
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Renaissance for Genoa?
The late July announcement that the Genoa show would have two editions in the next 12 months – one in October, and the second in May – came as no surprise to close observers of Italy’s flagship boating event. UCINA (Unione Nazionale dei Cantieri e delle Industrie Nautiche e Affini) ...
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Benetti chief sees China as biggest future market
CEO Vincent Poerio tells Xinhua News Agency that China has the potential to become the world's biggest yachting market
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Fraser Yachts expands brokerage team
The full-service yacht firm has hired two new sales brokers
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Azimut-Benetti launches Dragon project
Italian shipyard to launch Azimut China-specific yacht range next month
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Rebranded Cannes Yachting Festival nears
More than 50,000 visitors are expected to attend this year's show
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Azimut Yachts expands in the Middle East
Samaco Marine, part of the AlNahla Group, to represent Azimut Yachts in Saudi Arabia
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Headline Financials: Azimut-Benetti - Updated
IBI Plus has posted an updated financial report for Italian luxury yacht builder Azimut-Benetti, the leading global producer of yachts over 24m. Consolidated accounts for the financial year ending August 2013, indicate the Azimut Group suffered deterioration in both sales and profitability over the year, with turnover down -7.6% to ...
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Headline Financial Update: Whale
IBI Plus has posted a financial report for UK-based equipment manufacturer Whale, purchased in an acquisition announced today by Brunswick Corporation. Also known as Munster Simms Engineering, the company has three manufacturing sites − two in Bangor (Northern Ireland) where it is headquartered and one in America in California. ...
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Palma Boat and Superyacht Show – Review
Anyone visiting the Palma Boat Show and its newly established adjacent attraction, the Palma Superyacht Show, would find it hard to believe that the event was cancelled in 2012 due to a lack of confidence in the market
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Headline Financials: North Sails
IBI Plus has posted an updated financial report for North Sails Europe, acquired in June 2014 by UK-based Oakley Capital Investments, the same private equity group which acquired a majority stake in US-based North Technology Group, bringing together North Sails America and North Sails Europe under common ownership and management. ...
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Azimut expands Far East presence with Indonesian dealer appointment
H Marine International is a new company led by Hengky Setiawan, owner of the biggest telecommunications firms in Indonesia
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Azimut Yachts expands presence in China
The Italian boatbuilder has signed a renewed partnership agreement with Simpson Marine
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China: takeovers in the boating industry
China – overseas investment initiatives Until recently, the Chinese business model has been encountered by Western companies mostly within China itself, but now many of the country’s top companies are branching out and taking on Western competitors on their home turf. The government has been encouraging consolidation in industrial sectors ...
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Headline Financials: Dalian Wanda Group
IBI Plus has posted a new financial report for the Dalian Wanda Group, a Chinese industrial group which has acquired a 92% majority shareholding of UK-based yacht builder, Sunseeker International. The Dalian Wanda Group was founded in 1988 by Jialing Wang, China’s richest man in 2013. The Wanda Group ...
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Headline Financials: Sessa Marine
IBI Plus has posted an updated financial report for Italian boatbuilder Sessa Marine, a three-generation family business which builds four motorboat lines ranging from 18-68 feet, including fishing boats, open sport boats, open and hardtop cruisers and flybridge yachts.d In May 2014, the company filed for Chapter 11 protection and ...
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Headline Financials: Sundiro Holdings
IBI Plus has posted a new financial report for Sundiro Holding, a Chinese industrial group that has invested in a shareholding and joint venture with Italy’s Sanlorenzo. The latest information for Sundiro Holding indicates turnover for the group reached approximately €125 million in 2013, with Net Income (after taxes) of ...
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USA Boats Sales Data (30ft and above)
Statistical Survey’s Quarterly Trend report for IBI Plus shows total US sales of fibreglass boats 30 feet and above slowed slightly during the last three months of 2013 but remained in strongly positive territory, up 14.2% year over year (y/y) compared to a 7.5% increase for the same period in ...
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Headline Financials: Grand Banks
IBI Plus has posted an updated financial report for Grand Banks Yachts Ltd, a Singapore Stock Exchange listed company building yachts in Asia since 1956. Headquarterd in Singapore with production facilities in Malaysia, the company also has two wholly owned sales subsidiaries in the US and one in Australia.For the ...
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Headline Financials: Hallberg Rassy
IBI Plus has posted an updated financial report for Sweden's sailboat builder Hallberg-Rassy. Dating back to 1943, the company has delivered more than 9,400 boats during its 70 year history and today is owned and managed by the Rassy family.For the financial year ending August 2013, Hallberg-Rassy reported consolidated ...
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