All Power and Motorboats articles
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ArticleGulf Craft | Mohammed Hussein Alshaali
Chairman of the Middle East’s largest boatbuilder, Gulf Craft, Mohammed Hussein Alshaali outlines his plans for the future UAE-based builder, including development of its Gulf Craft small boat brands, the launch of the world’s largest all composite superyacht, and how the market has evolved since Covid. He talks to IBI’s ...
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Polaris touts unprecedented Q1 demand
US based Polaris Inc. – producing outdoor on and off-road vehicles including snowmobiles, motorcycles and boats in the deck and pontoon segment – exceeded expectations in its first quarter despite substantial supply chain challenges.
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Boat sales up 19% in Catana’s first half
The Catana Group, French builder of the Catana and Bali catamaran ranges, confirmed its growth target for fiscal 2021 with a strong order book
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Ferretti reports record-breaking quarter
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Former Princess CEO launches yacht refit service
Chris Gates, former CEO of Princess Yachts, announced the launch of a new British specialist company, Setag, to provide design and refit services targeted to pre-owned Princess, Sunseeker and Fairline yachts
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HanseYachts creates new executive position
German boatbuilding group HanseYachts AG has named an industry outsider, Hanjo Runde, to the newly created position of Chairman of the Management Board, taking effect 1 December 2021. Majority shareholder Aurelius Group said the appointment underlines its long-standing commitment to Hanse.
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Chris-Craft sees continued retail growth
US outdoor product manufacturer and parent company to Chris-Craft boats, Winnebago Industries, reported record Q2 revenues and profitability amidst continued growth prospects for the outdoor recreation sector
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Fairline Yachts puts finances in place to cope with challenging times
British motorboat builder secures £26m-plus in finance facilities to address Brexit and pandemic uncertainties; the company suffered significant loses in fiscal 2019
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Sanlorenzo confirms 2020 results and profitability
Italian yacht builder Sanlorenzo approved draft financial statements for 2020, revealing strong profit gains on stable revenues and a growing backlog
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New add-on for Mastercraft boats: watersports coaching
American ski and wakeboat specialist Mastercraft will team boat buyers with personalised coaching from world-class athletes via a new partnership with Givego
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US wholesale boat shipments down 15% in 2020
Supply chain disruptions and workforce issues are key hurdles for American boat builders as they work through record low inventories and average back orders of up to 6 months, says the NMMA
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Beneteau reports better than forecast year-end; cyber-attack update
The Beneteau Group has released a preliminary report on revenues indicating a boost in outboard boat demand which helped offset a collapse in fleet sales.
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Hanse reports record backlog
German boatbuilder Hanse Yachts AG – parent company of the Hanse, Dehler, Moody, Fjord, Sealine and Privilège sail and motorboat brands – said its order backlog is the highest its been in the company’s history
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Grand Banks logs revenue and profit gains
Despite Covid-related challenges, luxury motoryacht builder Grand Banks Yachts closed out the first half of its fiscal year ending 31 December with increases in revenue, profit and new orders.
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De Antonio increases capacity, launches new models
Spanish builder riding surge of boating interest with two new model launches in as many months
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Grand Banks temporarily halts work due to Covid
The luxury motorboat builder Grand Banks has halted operations at its yard in Malaysia after an outbreak of Covid infections
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Hanse overcomes Covid outbreak; announces record order book
The order book at the end of December 2020 was 62.5% higher than a year earlier
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Nimbus to issue IPO
Sweden’s top boat producer, Nimbus Group, will list its shares on Nasdaq Nordic growth market, aiming to raise SEK 200 million (€20m); This will be second time the company has been publicly traded.
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Global boat demand drives expansion and job growth at Brunswick
The boating industry’s largest player, Brunswick Corporation, is undertaking substantial expansion in the US, Mexico and Portugal to respond to unprecedented demand for new boats
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Sunseeker posts 2019 gains
Financial accounts for UK boatbuilder Sunseeker International filed this week show the builder doubled its profits on a modest gain in revenues in 2019; significant financial restructuring will allow the company to carry forward with a launch plan to extend its range to 20 models.
