All News articles – Page 698
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NewsDamen builds six patrol vessels with Hull Vanes
Damen Shipyards of the Netherlands is completing an order for six police patrol vessels, each equipped with a Hull Vane – a below-the-transom wing that cuts fuel use, renders a higher speed, dampens a ship’s motions and makes for a quieter ride.
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NewsBoero reports strong 2019, with Yachting division sales up 7%
Sales are being driven by the superyacht segment
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NewsOrganisational restructure at Rosetti Superyachts
Italy’s Rosetti Superyachts, a division of the Rosetti Marino Group, has announced a new organisational structure with the appointment of Ermanno Bellettini as CEO.
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NewsWinch Design forms Employee Benefit Trust with key shareholding stake
JAC Holdings, the ultimate owner of the Winch Design companies, has a new significant shareholder which in effect takes the form of an Employee Benefit Trust. The new trust was created last year and according to a filing made to Companies House, the UK’s Business register, by JAC Holdings, the ...
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NewsCoronavirus update | 22 April
US deal reached to replenish PPP; Invincible Boats issues update; SABBEX petitions SA government to allow yards to reopen
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NewsGEM Products awaiting expansion approval
Despite an unknown “virus hangover”, GEM Products is moving forward with expansion plans, currently awaiting local government approval.
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NewsAkzoNobel Q1 profitability up 31%, but revenues down 6%
Paints and coatings giant AkzoNobel posted a 31% rise in Q1 profitability – to €214m – but saw its revenues sink to just over €2bn, a drop of 6%.
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NewsDutch yard reports strong first-quarter sales
Zeelander Yachts says business was up 30% in the first three months of the year
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NewsRussia’s message urging boat owners to keep yachts closer to home falling on deaf ears
The number of yachts registered within the Russian jurisdiction continues to be low, despite attempts by the Russian state to convince domestic owners to keep their boats within Russian waters, according to representatives of the Russian Ministry of Sport and Tourism. In recent years, the Russian government has provided a ...
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NewsSanlorenzo reopens, aiming for limited financial impact
Sanlorenzo’s Executive Chairman Massimo Perotti reported to shareholders today that all of the yacht builder’s facilities were operational as of 20 April and the company is aiming for a limited impact on results for 2020
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NewsFerretti signs protocol to stop spread of Covid-19 in the workplace
Italy’s Ferretti Group has announced that it is one of the first companies in Italy to sign a protocol with national, territorial and local trade unions to combat the spread of the new coronavirus, Covid-19, in the workplace.
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NewsUS marina claims $3m in damages from shipping line
The Port of Kalama in the US state of Washington has tripled its damage estimate to US$3m, and has filed suit against SM Line Corp (SM), owner of the container ship alleged to have damaged facilities and privately owned boats when it passed the marina at excessive speed early in ...
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NewsAmerica’s Boating Club launches weekly online magazine show
The volunteer-run America’s Boating Club, also known as United States Power Squadrons, has launched a new weekly online magazine show as part of its boating video and boater education digital media channel. America’s Boating Channel LIVE was created by volunteers to help recreational boaters cope while sheltering during the Covid-19 ...
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NewsMB92 announces gradual return to work
MB92 Group has announced that it has restarted activities at its refit and repair facilities in Barcelona and La Ciotat.
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NewsTyphoon International appoints operations director
Typhoon International Ltd, a UK manufacturer of wetsuits, drysuits and marine accessories, has appointed James Saunders as its new operations director.
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NewsU-Boat Worx of Netherlands starts production line of small subs
U-Boat Worx is hoping to tap into a larger market U-Boat Worx has added to its range of submarines a small, lightweight two-seater sub called the Nemo that can dive to 100m (330ft) of depth for up to eight hours and fits on a wider range of ...
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NewsNew: IBI Marine Stock Tracker
IBI has compiled a new service for readers on its website tracking more than 20 publicly traded marine companies on stock exchanges around the world.
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NewsAzimut-Benetti to make partial start to a full reworking
While the regional government for Tuscany has stated that a full return to work would not be made until May 4, it has reportedly allowed the Azimut-Benetti Group to go ahead with an initial restart that involves around 500 or so workers, about one-third of the total workforce.
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NewsCentury Boats sold to PE firm
Private equity firm Sorfam Capital today announced that it acquired Century Boats in the middle of March for an undisclosed sum.
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