All News articles – Page 851
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News
HISWA In-Water Boat Show ends on high
The 2018 HISWA in-Water Boat Show, which ran from September 5-9 in Lelystad in the Netherlands, was a textbook example of how the industry can remain relevant and lure visitors with interesting displays and activities in a compelling setting.
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Beneteau Group unveils new cat brand, launches Leasyboat
It’s been a very good year for the Beneteau Group, according to CEO Hervé Gastinel, who addressed a packed audience this morning at the French builder’s traditional press conference that unofficially opens the Cannes Yachting Festival. “Our growth rate has doubled, illustrating our capacity to take marketshare despite some obstacles,” ...
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MasterCraft parent to purchase Crest Pontoons
Following reports of record earnings for fiscal 2018, MCBC Holdings, the parent company of MasterCraft and NauticStar, has signed a letter of agreement to acquire Crest Marine, a privately-held manufacturer of pontoon boats, for approximately US$80m.
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Peters & May makes key Asia appointment
UK-based yacht transporter Peters & May has appointed Charles Hazet to the role of business development manager for Asia. Hazet brings extensive knowledge and experience from across the yacht industry, with an excellent network of contacts throughout South-East Asia. He will be based in Singapore, at the centre of business ...
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Dominator Yachts expands range
Dominator Yachts, the Liechtenstein-headquartered superyacht brand, is currently working on three new projects to expand its model range and is also enlarging its international office network.
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Compositeworks changes name
Compositeworks, the French refit yard, has changed its name to MB92 La Ciotat following the company’s acquisition last year by the MB92 Group and their subsequent 100% takeover of the Blohm+Voss La Ciotat activities this summer.
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Benetti reshuffles management team
Italy’s Azimut-Benetti Group has announced the internal reorganistaion of Benetti’s top management team.
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MasterCraft parent reports record sales
MCBC Holdings, parent of MasterCraft and NauticStar, has ended its fiscal year with record sales and net income for both the fourth quarter and the year, and will be launching a new boat brand in 2019 in an entirely new category for the company.
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Larnaca marina development plans on track
Recent reports that plans to redevelop Larnaca marina and port were on hold have been rebutted by the Cyprus Transport Ministry. According to Cyprus Property News, the competition process for the upgrade project is back on track and the relevant tender documents have been delivered to potential bidders.
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News
Lexus concept boat becomes a reality
The “fourth flagship product” from luxury automaker Lexus isn’t a car, it’s a 65ft sport yacht that will be built by the Marquis-Larson Boat Group.
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NewsSting gives exclusive performance at Ferretti Group gathering
Music legend Sting gave an exclusive performance to Ferretti yacht owners and prospective clients at the Yacht Club de Monaco last week. The concert took place during Ferretti’s annual ‘Private Preview’, held each year in the run-up to the Cannes Yachting Festival.
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US boating industry heeds call to arms
Since the onset of trade investigations, tariffs and counter tariffs by the US and its largest trading partners – collectively referred to as the ‘trade war’ – the recreational marine industry has taken a frontline position of unprecedented proportions.
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News
ACR Electronics upgrades in-house manufacturing
ACR Electronics, the US safety and survival specialist, has announced significant investment in a new Surface Mount Technology (SMT) line at its Florida headquarters.
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NewsNautor’s Swan appoints CEO
Giovanni Pomati has joined Nautor’s Swan of Finland as its new chief executive officer. According to a statement, Pomati’s appointment adds further experience and expertise to the Nautor’s Swan team – notably in executing the company’s strategic vision and guiding its organisation.
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News
Hong Kong Boating Industry Association reports busy six months
The organising council of the Hong Kong Boating Industry Association (HKBIA) has reported a busy six months over the Hong Kong summer establishing the infrastructure of the new association.
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Southwest Florida’s first ‘smart marina’ to open in spring 2019
Carroll Properties in the US has broken ground on a new state-of-the-art boat storage facility at Gulf Star Marina in Ft Meyers, Florida.
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Sweden pushes for more boat scrapping
The Swedish Agency for Marine and Water Management (SwAM) is contributing around SEK 2m (€200,000) towards a boat dismantling scheme in an effort to boost the speed in which old boats are scrapped.
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News
Q4 gains take Malibu stock to record high
Malibu Boats has reported fiscal fourth-quarter net income of US$12.4m on US$138.7m in sales, an 84.6% increase over the same period last year, which took its stock price to an all-time high of US$54 a share – an 8.5% increase – in pre-trading on Thursday.
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News
New dates for 1st Oman show
The first edition of the Oman International Boat Show will take place from December 5-8 this year at the Marina Bander Al Rowdha in Muscat. IBI spoke with Mohammed Abdul Hameed, marketing director for event organiser Vision Expo, based in Muscat, Oman.
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NewsMDL Marinas installs new boat sales units
MDL Marinas in the UK has installed eight new boat sales units at the entrance to Hamble Point Marina on Britain’s south coast.
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