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IBI's premium information service draws on 50 years of reporting, 30,000 archived articles, and correspondents around the world to provide industry intellegence on established and emerging markets, key companies and industry players, business insights, and essential statistics.
NewsFriedrichshafen kicks off season’s first successful indoor boat show
Europe’s first post-Covid indoor boat show has yielded lower exhibitor and visitor numbers through the first half of the event, but is moving the industry forward
- News
Millions in damage for Alabama marina, many face insurance woes in the wake of Hurricane Sally
Hurricane Sally’s final financial toll has yet to be calculated, but is expected to be in the billions, as exampled by just one Alabama marina that suffered millions in damage and others may face insurance hassles due to the storm’s sudden, unexpected turn to the east.
- News
Heesen: After Covid-19 bump in the road, business is back, looking good
Heesen Yachts says 2020 was a mixed bag. It says the year began with a “lot of commercial activity”, then Covid-19 hit but the Dutch yard is ending 2020 in a “financially sound position”.
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Pure Watercraft secures US$23m in Series A funding
Seattle-based Pure Watercraft, maker of electric marine propulsions systems, has secured US$23.4m in Series A funding led by San Francisco venture capital and private equity firm L37.
- News
New technology helps shape MCA’s future SAR operations
UK’s Maritime & Coastguard Agency looks into use of remotely piloted aircraft technology as a driver for the next generation of search and rescue
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Sultan investor welcomes arrests in Tag Yachts court case
A prominent United Arab Emirates businessman who lost millions of pounds in a doomed South African boatbuilding venture has welcomed the arrest of two of his former partners who now face charges of fraud, South Africa’s Sunday Times newspaper reported at the weekend.
- News
2020 expected to be fourth-best year for RV sales in the US
Whether they’re known as caravans, RVs, campers or motorhomes in your part of the world, recreational vehicle sales in the US are rolling along on a record pace for 2020 with the industry predicting an all-time high in 2021.
- News
First online Asia Boating Dialogue a success
Today’s event offered considerable market information to the 170 delegates in attendance
- News
Informa reports £739.9m loss as Covid-19 disrupts events schedule
The impact of the Covid-19 pandemic on the global events calendar is shown in the reporting today of the first-half results for UK-listed Informa Plc, the world’s largest events business.
- News
Thai government eases yacht restrictions
Foreign tourists can now apply for a Special Tourist Visa (STV) valid for 90 days
- News
Azimut-Benetti CEO announces closer brand links & new model plan
Group financial results better than last year and nine new models planned over the next 18 months
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Greek marina handover period extended
The Hellenic Republic Asset Development Fund (HRADF), also known as TAIPED, has extended the period of completion of the transaction that concerns Alimos Marina in Greece to Friday, October 30. The transaction concerns the transfer for the utilisation of the marina to Aktor Concessions and at the same time the ...
- Video
IBI speaks with Mercury President Chris Drees
IBI North American correspondent Craig Ritchie speaks with Chris Drees, President of Brunswick’s Mercury Marine Division, about how the company is managing booming demand, particularly in the US market, including the addition of more capacity; the split of OEM vs. dealer sales; and how to create ‘excitement’ in a virtual ...
- News
Scandinavian companies partner on electric engine development
Evoy and Oxe Marine team up to test high-powered electric outboard concept
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UK maritime training business fighting to survive
Red Ensign Training hit hard by Covid-19 and impact on marine industry
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Sunseeker invests capital to accelerate growth
The UK’s Sunseeker International, together with backing from its Chinese majority shareholder Dalian Wanda, is investing additional working capital with immediate effect in order to accelerate future growth plans.
- News
SABBEX welcomes lifting of international travel ban, easing of lockdown restrictions
Covid-19 restrictions in South Africa were eased on Wednesday following a significantly lower daily infection rate
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Hurricane Sally destroys or damages marinas and boats along its path
While now a tropical depression dumping massive amounts of rain, Hurricane Sally came ashore near Gulf Shores, Alabama on Wednesday, taking some by surprise and leaving boats strewn well inland or sunk at the dock. At least one marina was severely damaged and at least one man is missing.
- News
OXE agrees major order but scales back on 2020 growth forecast
Swedish diesel outboard engine manufacturer OXE Marine has signed a letter of intent with current central and southwest US distributor Diesel Outboards LLC (part of the Outdoor Network group) to expand ODN’s distribution territory to also cover southeast US.
