All News articles – Page 693
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NewsOcean Alexander yacht to make ‘virtual’ appearance at upcoming Palm Beach show
Alexander Marine International, the US importer of Taiwan’s Ocean Alexander yachts, has confirmed that its Limited Edition Ocean Alexander 45 Divergence Coupe will be making its world debut in a virtual format at the upcoming Virtual Palm Beach International Boat Show on May 14.
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NewsNMEA releases online summer training schedule
Courses offered on multiple days and times to accommodate pupils worldwide
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NewsSunseeker planning for imminent full production, announces job losses
More than 460 jobs impacted as UK boatbuilder adapts to the ‘new normal’
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NewsRodman chief flags up challenges facing Spain
Manuel Rodríguez, president of Spain’s Rodman Group speaks passionately about the challenges facing the Spanish boatbuilders and the nautical industry overall in today’s climate
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NewsBeyond COVID-19
IBI’s weekly reminder that despite the unique set of events gripping the world, there are positives out there. Today’s installment of ’Beyond Covid-19’ highlights new investments, innovations and marine firms doing their bit in the battle against the coronavirus.
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NewsGermany defines ‘exhibitions’ as separate from ‘mass gatherings’
In theory, trade shows can take place provided they follow health and safety guidelines
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NewsItalian yards come to terms with new working conditions
With most, if not all, of Italy’s yacht-builders having returned to work this week, many are coming to terms with the health and safety rules set by the government, medical authorities and trade unions to cope with the COVID-19 pandemic and support a gradual easing of the lockdown. A survey ...
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NewsMalibu Boats feels Covid pinch in otherwise strong Q3 results
Malibu Boats CEO Jack Springer said the company’s third quarter was a “tale of two environments”, reflecting the impact of Covid-19 Tennessee, US-based boatbuilder Malibu Boats Inc said its third quarter of 2020 started off strongly before plant and dealership closures related to the arrival of the ...
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NewsBoating now permitted in Portugal
On May 4, Portugal started to reopen some of its main activities; boating, for example, was permitted but only for watersports like sailing and also leisure fishing. Today, May 7, it was finally clarified that recreational boating is permitted. Portuguese and international flagged boats, already in Portuguese waters, are free ...
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NewsRevenues up 27% at US mega-dealer OneWater
Mega boat retailer OneWater Marine has reported a strong start to the second quarter, driven by used-boat sales and finance & insurance which offset the volatility created by the COVID-19 pandemic. The company reports new-boat sales ticked up just under 1% – from US$126.9m to US$127.9m, while pre-owned sales jumped ...
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NewsSocial Navigator launches new service for ‘virtual’ interaction with clients
3D Voyager utilises ultra-high-resolution 3D scanning on boats and other spaces
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NewsNexus Yachts confirms two new Balance 526 orders as SA yards reopen
South African yard Nexus Yachts and Balance Catamarans report two more Balance 526s on their order book, bringing some much-needed good cheer to the local industry which this week reopened under strict social distancing conditions.
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NewsFinancial businesses take action on COVID-19
Two financial businesses – a Bermuda-headquartered international insurer and a leading French bank – are taking steps to provide the financial resources to cover for the impact of the COVID-19 pandemic.
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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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NewsCovid-related production disruptions lead Mastercraft to $36.7m Q3 loss
March production cutbacks lead to 20% YOY drop in net sales, 32% drop in gross profit
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NewsFLIR Systems announces solid Q1 and intention to keep Raymarine
FLIR Systems CEO Jim Cannon said the Covid-19 pandemic “has resulted in disruptions to our supply chain, as well as significantly reduced sales” Virginia, US-based FLIR Systems Inc released its 2020 first-quarter results on Wednesday, posting a 1.4% year-over-year revenue increase for the quarter on the strength ...
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NewsUSVI welcomes tourists 1 June
The US Virgin Islands (USVI) is targeting 1 June as a return to tourism under a five-tiered system aimed at transitioning back to business at a safe pace, with new rules in place.
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NewsOrion and Smuggler awarded High Court costs from Sealegs
Following a lengthy court battle lasting almost four years, the Auckland High Court in New Zealand has sealed an order for costs against amphibious boatbuilder Sealegs. This brings the total of costs awarded against Sealegs to circa $500k with the costs to be paid immediately.
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NewsStrong demand for marine equipment in Sweden, Norway
Byggplast/Sea Sea CEO Joakim Berner says the aftermarket is thriving The start of the boating season has been very good for companies selling boat equipment – especially in Sweden and Norway, where wholesaler Byggplast and retailers SeaSea, Hjertmans and Maritim (with more than 50 shops in both ...
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NewsFLIR withdraws Raymarine sale
In discussion with analysts on the company’s first quarter results today, FLIR Systems has confirmed that it has withdrawn the sale of Raymarine initially announced in late February. FLIR president and CEO Jim Cannon told investors that prior to the outbreak of Covid-19, the company was well-advanced in the ...
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