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NewsHanseYachts continues its financial restructuring strategy
German boatbuilding group, HanseYachts AG, reported today continuing reorganisation of the company’s financial structure for its future strength. The company’s brands include Hanse, Dehler and Moody sailboats, Fjord and Sealine powerboars, and Privilege sail and motor catamarans.
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Mercury Marine and Beneteau strengthen partnership
Mercury Marine, a division of Brunswick Corp, has announced an expanded partnership with Beneteau on a global scale to leverage both companies’ leadership position and offer Beneteau customers Mercury power on all 2021 models.
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MARIN takes on edgy, climate change-related research
The Maritime Research Institute Netherlands (MARIN) is getting into research that is miles from the bread-and-butter tank testing that over the past 85 years made it the world’s largest, independent research institute of its kind.
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Grand Banks achieves Q1 profitability
Despite dampened business sentiment due to the COVID-19 pandemic, Grand Banks Yachts Ltd recorded quarterly revenue of S$24.6 million (€15.2m) for the three months ending 30 September 2020 – a dip of 5.7% compared to the same quarter last year.
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US outdoors industry can lead economic recovery
Senator Martin Heinrich tells Outdoor Recreation Caucus Hill Briefing that the time is right for a national outdoor recreation plan
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Outdoor Network to manufacture OXE outboards in Georgia
The new facility will produce the complete line-up of OXE diesel outboard engines from 125hp through to 200hp.
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Nexus Yachts expands facility following joint venture success
South Africa’s Nexus Yachts has almost doubled the size of their St Francis Bay facility on the back of their successful partnership with Balance Catamarans.
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Amidst Covid-19, Catana posts annual sales growth
French catamaran builder, the Catana Group, reported its 2020 fiscal year results with a strong rebound in the last quarter ending August 30
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Winnebago releases strong Q4 and FY 2020 results
Chris-Craft credits new model introductions for record Q4 sales and production backlog through spring 2021
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Vittoria Shipyard adds yacht division
Tapping into a century of experience with military and civil shipbuilding, Italy’s Vittoria Shipyard is moving into the luxury sector, announcing a new yacht division with three product lines.
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Rising Covid cases in Germany force cancellation of Berlin Boat show
Fair postponed until 2021, Best of Boats Award to go ahead
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AkzoNobel reports “excellent” Q3 results
The results show AkzoNobel sales reclaiming ground lost to the Covid-19 pandemic
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Nordhavn appoints Turkish build partner
One of the world’s leading trawler brands, Nordhavn, has started to work with a Turkish shipyard.
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Arksen starts construction of first explorer yacht
85ft Project Ocean to be flagship for initial three models with larger ones in planning
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Portuguese maintenance firm Sopromar expands as international demand grows
Algarve-based yard invests in increasing capacity and new management software
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Indonesia opens up to foreign-flagged yachts
In response to the sizeable number of yachts that have been left stranded in Asia-Pacific waters due to cyclones and restrictions on sailing in various locations in the region due to Covid-19, the Indonesian government
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HISWA: second lockdown undermines Dutch charter firms
The Netherlands’ second coronavirus lockdown in 2020, announced October 14, is a stab in the back for boating companies active in group accommodations like charterers, says Geert Dijks, head of the HISWA-RECRON watersports and recreation sector.
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Volvo Penta posts strong Q3 profitability
Volvo Penta saw improved profitability on flat sales for Q3, with a large uplift in service sales attributed to the high level of summer boating activity; the division also provided engine delivery and order numbers for the first nine months of the year
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Dubai International Boat Show cancelled
The Middle East’s premier marine leisure industry event, the Dubai International Boat Show (DIBS), due to take place November 24-28, has been cancelled with the next edition of the show scheduled for March 9-13, 2021. This year’s show was originally to have been held in March but was moved to ...
