All News articles – Page 770
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NewsEU targets illegal tax breaks for yachts in Cyprus and Italy
The European Union Commission (EUC), in its ongoing mission to rid the EU of “unfair tax avoidance practices,” is taking steps to end illegal tax breaks in the yacht industries of Italy and Cyprus.
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NewsFLIR posts strong Q2 results
US-based electronic equipment manufacturer FLIR Systems posted strong 2019 second quarter results this week, highlighted by year-over-year gains in revenues and gross profits.
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NewsFire breaks out at two Istanbul marinas
At around 6am this morning, fire broke out almost simultaneously at two separate marinas in Istanbul, Turkey – Marinturk, which is located on the Asian side of the city, and Ataköy Marina on the European side.
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NewsVan Cappellen Consultancy forms new division
Van Cappellen Consultancy, a noise and vibration control specialist from the Netherlands, has formed a new division called Van Cappellen Sound Solutions.
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NewsMarineMax Q3 sales up 6%
US dealership chain MarineMax released its 2019 third quarter results on Thursday, marking year-over-year gains in both revenue and net income.
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NewsCatana expands sales team
French multihull builder the Catana has hired Matija Klemenc as the group’s new regional sales manager for Central European markets and charter clients.
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NewsBrunswick’s 2nd quarter results show a weakening US market
The industry’s global leader posted a solid performance for the first half of 2019, but a slowdown in wholesale shipments reflects concerns about weaker market conditions for the remainder of the year
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NewsItalian SY builder enters refit market
Italy’s Rosetti Superyachts (RSY) is currently engaged in building a 38m (118ft) expedition yacht, which is set for delivery in 2020 in line with the owner’s request. The company, a division of the Rosetti Marino Group, also plans to enter the superyacht refit market, making use of its 180m (591ft) ...
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NewsSydney International Boat Show set for busy time
With just one week to go before the 52nd Sydney International Boat Show (SIBS) opens, the build-up to this – the biggest southern hemisphere marine leisure event – suggests it will be a busy five-day gathering. The IFBSO event, organised by the Boating Industry Association (BIA) and running from August ...
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NewsRecord Q2 sales for Marine Products Corp
US-based fibreglass boat builder Marine Products Corp has released its 2019 second quarter results, reporting record sales for the period.
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NewsProtests could derail €30m Spanish marina project
Spain’s United Left (Izquierda Unida), Equo, and Adelante Andalucía parties have declared their opposition to a new marina with at least 500 berths that is to be developed in Motril on the Spanish Mediterranean coast.
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NewsStrong summer sales for Ocean Alexander
Alexander Marine, the US importer of Taiwanese-built Ocean Alexander yachts, has announced the recent sale of four new motoryachts. Three inventory sales occurred on the US east coast and another on the west coast.
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NewsFuture Fibres and RigPro boost overseas resources
Two member companies of the North Technology Group (NTG) – Future Fibres and RigPro – have expanded their resources in Spain and the US respectively.
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NewsMoonen ‘close to entering new era’ with new investor
Moonen Yachts says it has a new investor to replace Mexican steelmaker Altos Hornos de Mexico (AHMSA), whose financial downfall plunged the Dutch superyacht-maker into bankruptcy on July 11.
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NewsPolaris reports strong Q2 financials
Polaris Industries released strong 2019 second quarter results on Tuesday, driven in part by strong boat sales.
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NewsAkzoNobel: strong results overall, but flat in marine coatings
Dutch paint and coatings manufacturer AkzoNobel has posted strong first-half results, including a €280m net profit, up 24% from the same 2018 period. It cited cost savings and higher prices for AkzoNobel products.
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NewsSuzuki GB appoints national sales manager
Suzuki GB has promoted Mark Beeley to the position of national sales manager for its Marine division.
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NewsNMTA to begin accepting Grow Boating grant applications
The Seattle, Washington-based Northwest Marine Trade Association (NMTA) has announced that it will begin accepting applications for its 2020 Grow Boating grant program on August 1, 2019.
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NewsMDL teams up with British Keelboat League and RS Sailing
MDL Marinas in the UK has been made the ‘Official Marina Partner’ of the British Keelboat League and RS Sailing. As part of the agreement, MDL will provide the new fleet of RS 21 keelboats with easy access to the water during the British Keelboat League events taking place throughout ...
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NewsItalian builder grows production
Absolute, the Italian yacht-builder, says it plans to expand production in its current fiscal year ending September 31, 2019 to 85 units compared to around 75 in 2016-17 – an increase of some 13%.
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