More IBI Market News – Page 14
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NewsUS study says cost of onshoring supply chains from China could top $1 trillion
A new study by US-based Bank of America shows a growing appetite among manufacturers for repatriating overseas production in spite of potentially high costs A new research paper published by the Bank of America (BofA) notes an emerging shift among North American and European manufacturers toward onshoring ...
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NewsPositive US boating trends continue
Two metrics released today by the National Marine Manufacturers Association in America indicates boating continues to draw strong online interest – and more tangibly – sales
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NewsEuropean Overview: Bright spots amid the uncertainty
The fallout of Covid-related lockdowns and safety protocols has had far-reaching impacts on Europe’s industry, but there are winners amid the upheaval.
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NewsUS wholesale boat shipments soared 60% in June
Boat building in the US has ramped back up after the Coronavirus forced shutdowns at many plants, according to the latest statistics from the National Marine Manufacturers Association (NMMA)
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NewsInfrastructure key to Vermont’s boating growth
Just a month after the US Senate approved the Great American Outdoor Act aimed at pumping millions of dollars into maintenance and infrastructure of outdoor resources like boat ramps, the Covid-fuelled boating boom in the States has not eased, with dealers and manufacturers facing inventory shortages.
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NewsFirst-time boat buyers up 34% in US
New empirical data confirms anecdotal reports of high numbers of new boaters entering US market
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NewsHong Kong boating market shines while the rest of Asia struggles
The market is looking forward to the 1st Hong Kong Yacht Show in November
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NewsUS boat sales up 59% in May
The National Marine Manufacturers Association (NMMA) released new data on Wednesday confirming a surge in US boat sales for the month of May, with volumes rebounding by 59% over April’s numbers and growth observed across virtually every product category.
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NewsN&J researches Covid-19 and the response of UHNWIs and their spending
New research undertaken by international yacht services provider Northrop & Johnson (N&J) highlights that businesses in the luxury products and experiences sector will have to adapt how they deal with UNHWIs (ultra-high-net-worth individuals) in response to the challenges posed by Covid-19.
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NewsSuperyachts to play key role in Bermuda’s economic recovery
The Atlantic island of Bermuda has missed out on a number of international yacht regattas and sports fisher boat competitions, but the island’s government is now actively pursuing the superyacht market with the objective that it could make a key contribution in the country’s economic recovery.
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News2019 Dutch superyacht output: fewer but more valuable, greener vessels
Amels’ 83m Here Comes the Sun The Dutch superyacht sector delivered 17 yachts last year, worth just over €1bn, the Netherlands Maritime Technology (NMT) trade group says in its 2019 annual report. While this is a drop in numbers, NMT says the value of yachts on order ...
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NewsRussian boating sector ready for breakthrough
Russian Yachting Federation CEO believes Russia’s domestic yachting scene could take off post-Covid, with the right state backing
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NewsCovid-19 proves boost for North European passage charter
Dockside.ai says it has seen a significant rise in enquiries in last two months for charter in Northern Europe and Arctic fringe
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NewsGlobal boat industry report published
Research firm expects a 25% drop in global boat sales for 2020
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NewsPortugal sees boating boost, but age old problems peg back growth
Portugal may have dodged the Covid bullet, but persistent problems continue to hinder the market
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NewsDomestic tourism could supercharge Russian leisure boating
Investment in infrastructure as Russian holidaymakers take to domestic waters this summer
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NewsScandinavia sees uptick in buyer interest
Reports of strong buyer interest at dealerships in America are being echoed in Scandinavia where the summer season is approaching and buyers are looking for alternative holiday options
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NewsEU headed for ‘deep, uneven recession of historic proportions’
The EU head office says the coronavirus pandemic is savaging the European Union economy this year, creating a “recession of historic proportions”. It adds Western Europe will not fully recover until at least the end of 2021. In its spring economic forecasts, the European Commission says the economies of the ...
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NewsYacht transport continues despite uncertainty over Med season outlook
While the future of the Mediterranean season for yacht and superyacht cruising and charter is unknown at this point in time, arrangements to transport yachts into key Med locations continues apace. Taking the yachting centre of Palma in Mallorca as an example, a number of yacht transport ships have been ...
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NewsNetherlands: longer lockdown puts 20,000 sector jobs at risk
The Netherlands has extended its coronavirus lockdown through May 20, piling on the economic pain for the boating and leisure sectors that expect damage to total €1bn. The HISWA-RECRON lobby also says close to 20,000 jobs are at risk. It has expressed dismay that the government has not yet accepted ...
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