More Company News – Page 195
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NewsLumishore strengthens Dutch presence
Lumishore, the UK-based marine LED lighting specialist, has chosen Totallux to serve as its exclusive superyacht sales agent in Holland and distributor of its leisure marine underwater and above water lighting ranges.
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NewsShow organiser Informa Group looks beyond pandemic
Informa PLC, the London, UK-listed global events organiser responsible for the Monaco Yacht Show and Fort Lauderdale International Boat Show amongst others, has indicated in its 2020 half-year results that its profits for last year are likely to be around 70% down.
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NewsIMCI opens UK office to certify recreational boats meet UKCA mark
The Brussels-based International Marine Certification Institute has founded IMCI (UK) in Liverpool to ensure that recreational boats placed on the British market meet the country’s post-Brexit technical, safety and environmental standards.
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NewsNew Navico distributor for France
Navico, parent company to the Lowrance, Simrad, B&G and C-MAP brands of marine electronics, has chosen Kent Marine Equipment to distribute its complete range of products in France and the French administered territories.
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NewsSeakeeper expands presence in Asia
US-based marine stabilisation specialist Seakeeper has announced that its Pacific distributor, Twin Disc Pacific, has added Asia to its distribution territory.
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NewsS2 Yachts consolidates Tiara brands
S2 Yachts, builder of the Tiara Yachts and Tiara Sport brands in the US, has announced that it is now marketing both marques under the Tiara Yachts banner.
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NewsQM Industries in joint venture with Multiflex Marine
QMI-Multiflex to supply and manufacture marine steering systems, cables, controls and accessories for the US market
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NewsLawsuit ends in $25.16m judgement against Tracker Marine
The long-running class action against the US builder was finalised on December 30 for charging buyers a $75 fee for documentation
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NewsYamaha Marine reorganises and announces management changes
With the objective of strengthening its overall marine business strategy and to increase value, Yamaha has announced that its current engine and boat sections will be progressively dissolved, and the marine business operations will be reorganised according to their specific functions. In order to accelerate marine product development and to ...
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NewsPrincess Yachts trading update highlights strong 2019-20 performance
The UK builder’s £600m order book extends into 2022 with company poised for further growth
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NewsHatteras wants $2.5m lawsuit over custom yacht dismissed
Lawrence Smith filed a lawsuit last November against US boatbuilder Hatteras/Cabo Yachts over a $10.1m motoryacht. Smith entered into an agreement for the boat, a 2021 model Hatteras M98 Hull 101, in August of 2019 with an estimated delivery date of February 2021. But in March 2020 Smith was told ...
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NewsHeesen sells fifth superyacht of 2020 and second in December
Dutch superyacht-builder Heesen is ending 2020 on a high note with its fifth sale of a superyacht this year and the second in December. The latest contact is a highly customised motoryacht based on the proven platform of the 50m Steel Class. The yacht will be constructed under YN 20150, ...
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NewsKiwi amphibious builder faces NZ$6.8m damages claim from rivals
After losing a protracted legal battle over copyright infringement, New Zealand amphibious boat builder Sealegs has been slapped with a NZ$6.8m damages claim ”plus a further amount to be quantified for reputational damage” from its two largest rivals. The damage claim stems from Sealegs’ 2016 allegations that Orion Marine and ...
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NewsCustom Line reports record year
Custom Line, part of Italy’s Ferretti Group, has reported a significant rise in its order book, with yachts totalling over 200m sold in the last three months.
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NewsOyster Yachts in third recruitment drive within 12 months
UK yacht manufacturer Oyster Yachts is once again looking to expand its workforce to help deliver its full order book.
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NewsSpanish yacht design studio achieves laser scanning milestone
The Bravo Yacht Design Group (BYD Group) in Spain has just passed a milestone in respect of its use of high-tech laser scanning techniques, having worked on its 200th yacht scan. The total length of these yachts is in excess of 2,500m (8,208ft).
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NewsVision Marine named one of five promising stocks for the new year
Vision Marine Technologies has been cited as one of five promising stocks in five different market segments by investment firm Safehaven. In an online analysis, writer Alex Kimani details that while some sectors of the economy – like the travel and energy sectors – were devastated by the Covid-19 pandemic, ...
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NewsPure Watercraft secures US$37.5m funding for electric outboards
US-based Pure Watercraft closed a US$37.5m Series A round of funding on Friday, which includes a previously announced US$23.4m. The oversubscribed funding round was led by venture capital and private equity firm L37, whose managing partner Randall Ussery will take a seat on the Pure Watercraft board of directors. “We ...
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NewsHype launches luxury yacht rental in India
Luxury car rental company Hype has moved into the luxury yacht rental business. Customers can now rent out yachts for birthdays, anniversaries and other special occasions, with a variety of yachts available depending on their requirements. The service is currently available in Mumbai and Goa. A fleet of Bayliner 340, ...
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NewsOne injured in fire at Nautique plant
One person was injured in what is described as a “small, contained fire that was quickly extinguished” at the Nautique Boats manufacturing plant on the East Orlando, Florida campus of parent company Correct Craft Thursday afternoon. Fire officials told clickorlando.com that the fire was snuffed in just under 30 minutes ...
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