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MarineMax expects Q2 revenues equal to or above 2019
America’s largest boat retailer announced expected revenues for its second quarter ending 31 March of $303 to $308 million, along with further insights on how the Cornovirus is affecting the company
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Gulf Craft adapts to new market conditions
Abeer Alshaali, acting CEO of Gulf Craft In an email exchange with IBI ’s Middle East correspondent, Abeer Alshaali, the acting CEO of Gulf Craft, explained how the UAE-based yacht-builder is adapting to the new market conditions and manufacturing challenges raised by COVID-19. Gulf Craft ...
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Nimbus Boats lays off workers
Sweden’s Nimbus Boats, headquartered in Gothenburg, has announced that 60 of the company’s 110 boatbuilders at the factory in Lugnås will have to leave their jobs. This is due to lower sales of new boats since the coronavirus outbreak.
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Production continues at German yards
If any representatives of the boating industry in Germany had been asked six weeks ago about the prospects for 2020, the answers would have been almost entirely optimistic, with a satisfied look back at a fabulous last year. But with the spread of Covid-19 in Europe, everything is different. ...
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Princess issues stark warning as government funds prove elusive
Danger to supply chain as UK builder says lack of government support could threaten operations
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Sunreef launches new projects amid stable interest
Sunreef founder Francis Lapp told IBI that business is strong Polish catamaran builder Sunreef Yachts says it has implemented a number of safety measures due to the coronavirus outbreak, but the company has not observed decreased interest in its craft from customers – and is ...
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Inconsistent rules leave Florida’s US$23bn boating industry in flux
Palm Beach County, Florida, has joined its neighbour to the south, Miami-Dade County, in closing marinas and boat ramps to all but commercial fishing operations. But Broward County, which sits between the two and is home to Ft. Lauderdale – the hub of South Florida’s US$12bn yachting and boating industry ...
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US boating industry struggles to maintain normalcy
The uncoordinated response of federal, state and local governments across the US is creating a myriad of circustances for manufacturers, retailers and boaters themselves.
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Chinese boatbuilding regains traction; HK market still down
Boatbuilding in China appears to be regaining traction, according to Simon Boyde, director of Hong Kong-based Storm Force Marine. In Hong Kong, however, the market remains down. Storm Force is a leading supplier of marine equipment to the boatbuilding industry throughout the region. Speaking about business in China, Boyde ...
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The remarkable rise of Candela
How the Swedish company Candela Speed Boat is changing electric boating with an advanced foiling boat concept
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Yacht chartering in times of the coronavirus
Ümit Uzun With many countries closing borders, both via land and air, Europeans will find it difficult to reach the Mediterranean Sea. But what about boat charter holidays booked for the Med this summer season? Ümit Uzun, CEO of Würzburg, Germany-based charter brokerage Charterbar Yachting, ...
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Hallberg Rassy invests in capacity, eyes new models
CEO speaks to IBI about the company’s growth plans
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Dutch builders embrace remote working as coronavirus crisis deepens
As the coronavirus tightened its grip on the Netherlands, workers at Dutch yacht-builders have begun working remotely from home. And those who cannot work remotely – such as painters, carpenters and electricians – are kept at a safe distance from one another even if that requires organising separate shifts.
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Marinas remain open amid coronavirus fears – for now
The coronavirus pandemic has already taken a toll on the cruise industry, especially in the Caribbean where several destinations have placed a ban on all cruise ship calls for the remainder of the season. But superyacht marinas remain open and welcoming – with some cautions.
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Azimut introduces new measures to cope with COVID-19
Azimut Yachts, part of Italy’s Azimut-Benetti Group, has introduced new measures to cope with the impact of COVID-19 and to align production with slowdowns in the supply chain.
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Princess calls for collective approach and need for major industry rethink in response to COVID-19
Speaking to IBI yesterday, Kiran Haslam, chief marketing officer for Princess Yachts, said that the boating industry may have to rethink how it markets its products after the wake-up call from the coronavirus (COVID-19).
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Silent Yachts's CEO on strategy and US expansion
IBI talks to founder and CEO of Silent Yachts on the firm’s strategy shift and successful US market entry for its Solar Cats
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Sunseeker CEO on the impact of coronavirus
Minimal impact so far but longer lock downs could prove challenging
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Hanse reports latest financials
Despite a drop in revenues and earnings for the company’s first half which the builder attributed to typical seasonality and one-time integration costs for Privilége Catamarans, German boatbuilder Hanse Yachts said a strong order backlog would provide the company with a profit for the year
