More Company News – Page 226
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NewsGulf Craft adapts to new market conditions
Abeer Alshaali, acting CEO of Gulf Craft In an email exchange with IBI’s Middle East correspondent, Abeer Alshaali, the acting CEO of Gulf Craft, explained how the UAE-based yacht-builder is adapting to the new market conditions and manufacturing challenges raised by COVID-19. Gulf Craft is the ...
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NewsCoronavirus disrupts AkzoNobel transformation, financial planning
The coronavirus pandemic is disrupting AkzoNobel’s transformation strategy, forcing the Dutch paints and coatings giant to abandon its 2020 financial planning. It says Q2 demand is in a free fall.
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NewsCaframo maintains production through Covid-19 shutdowns
Canadian fan and heater manufacturer Caframo Ltd has instituted a range of modifications to its operations in response to the Covid-19 pandemic in order to remain in full production and able to continue supporting its customers in the weeks and months ahead.
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NewsNimbus Boats lays off workers
Sweden’s Nimbus Boats, headquartered in Gothenburg, has announced that 60 of the company’s 110 boatbuilders at the factory in Lugnås will have to leave their jobs. This is due to lower sales of new boats since the coronavirus outbreak.
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NewsEcoworks Marine enters Middle East market
Ecoworks Marine, a UK manufacturer of eco-friendly cleaning products, has chosen Dubai-based Exalto Emirates as its distributor for the UAE.
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NewsNew OTAM 70HT nears completion
The ‘aeronautical inspired’ yacht will make its international debut at the autumn boat shows in 2021
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NewsPrincess, Sunseeker donate PPE to frontline workers
Two of the UK’s leading boatbuilders – Princess Yachts and Sunseeker International – are playing their part to ensure Britain’s essential services receive the much-required protective equipment that is in short supply across the world.
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NewsWartsila undertakes test with ammonia as lead-up to possible new fuel
With the marine sector being a major source of greenhouse gas emissions, there is much talk in the global yachting and superyacht market about the development of potential new fuels such as hydrogen, LNG or ammonia. It is known that a number of superyacht projects are already being planned to ...
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NewsSuzuki to build US Marine Tech Center
Suzuki Motor of America is finalising plans for the Suzuki Marine Technical Center USA to be built on 20 acres of waterfront in Panama City, Florida. While an official groundbreaking date has not been set, site preparation is underway and exiting buildings on the property are in final renovation. Suzuki ...
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NewsPrincess issues stark warning as government funds prove elusive
Danger to supply chain as UK builder says lack of government support could threaten operations
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NewsOcean Alexander COVID-19 Update
Florida-based Merritt Island Boat Works, which builds Ocean Alexander Yachts, reduces work force and production
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NewsRegal Boats consolidates manufacturing operations
The projected economic impact of the Covid-19 pandemic has led leadership of Regal Boats to close its Valdosta, Georgia manufacturing facility and consolidate operations at its Orlando, Florida headquarters.
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NewsVolvo provides Covid-19 update
The Volvo Group has postponed its Annual General Meeting given the uncertain and accelerating developments in the wake of the coronavirus
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NewsLippert suspends production at select US and Europe facilities
US-based LCI Industries – parent of Lippert Components – has issued a business update regarding COVID-19
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NewsMRAA offers free online learning for dealers
US boat dealers idled by the COVID-19 pandemic can fill some of their free time with some free online education.
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NewsHeysea Yachts to deliver first Asteria 126
Chinese superyacht builder Heysea Yachts will shortly deliver its first 38.4m Asteria 126 model to a mainland Chinese customer following its launch in early March.
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News‘Controlled shutdown’ at Princess Yachts
Princess Yachts Ltd has announced a controlled shutdown of its UK facilities with immediate effect. The company today released the following statement: “The health and safety of our employees is of paramount importance and is our main priority, along with our network, suppliers and international clientele. We also take our ...
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NewsSunseeker International suspends production
Following the UK Prime Minister’s coronavirus (COVID-19) update yesterday, Sunseeker International has announced that it is temporarily suspending production until the end of April for the vast majority of employees. Some safety-critical and continuity roles will remain but at a very low level.
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NewsBrunswick releases sustainability report
Brunswick Corp has published its first company-wide sustainability report to showcase its efforts and successes in efforts to conserve resources, both natural and financial.
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