Sector News – Page 261
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Seized superyacht to sell at auction without reserve
The US$75m Axioma was owned by Russian gas and steel billionaire Dmitry Pumpyansky
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Polish yard unveils plans for expansion, confirms new Australian dealer
Viko Yachts was a prominent exhibitor at last week’s Polboat Yachting Festival
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Rolls-Royce to present ‘net zero’ mtu marine solutions at SMM
New products will include sustainable fuels, alternative propulsion systems and intelligent ship automation
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Engel & Völkers opens fourth Americas location
New Annapolis sales office to serve the US Eastern Seaboard
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2022 IBEX Education Conference – schedule announced
This year’s event takes place from September 27-29 in Tampa, Florida
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Raymarine parent, Teledyne, reports Q2 results
Supply chain constraints, inflation and negative exchange rates all provided headwinds during the quarter, but the group has returned to the M&A market and is looking at further bolt-on acquisitions
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Schmitt & Ongaro signs US distributor
NTP-STAG has a portfolio of over 200 brands and an in-depth understanding of the marine industry
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Marine Products Q2 sales up 42%
US boatbuilder increases dealer deliveries by 15% amid continuing supply challenges to drive growth in revenues, operating profit and net income
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Balance Catamarans launches first Balance 526 Mark II
South African yard gives popular Balance 526 a refresh
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Solé Diesel expands distributor network
Spanish engine specialist forms new partnerships in Italy, Dubai and Martinique
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Croatian cabinet backs Marina Cavtat & Resort project
Government support could accelerate Croatian marina construction
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2022 Boat Builder Awards to highlight step changes in environmental impact with Eco-focused boat award
As the industry pivots to a more sustainable future, the new Eco-focused Boat of the Year award, sponsored by Marine Resources, is sure to be one of the most hotly contested categories in this year’s Boat Builder Awards, held in association with Raymarine
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D-Marin Croatia to donate €35,000 in funds to local community
Financial support will be provided for a variety of projects, from small local charities to sporting teams and cultural groups
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Strong boat sales a bright spot in otherwise challenging Q2 for Polaris
Marine segment revenues jump 38% in second quarter, partially offsetting 23% decline in powersports equipment retail sales
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Argentinean boat brand enters European market
H20 Leisure Group to represent Segue Yachts in the UK and Europe
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Mercury Marine to build new solar array
Marine propulsion manufacturer, Mercury Marine, partners with Alliant Energy to extend its investment in solar-sourced energy
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Galeon holds global launch of its 375 GTO
The 11.5m day cruiser had its debut at the Polboat Yachting Festival last week
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Hubbell Q2 revenues up 19%
US electrical equipment manufacturer anticipates full-year growth in range of 14% - 16% driven by organic increases and potential acquisitions
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American Recreational Products launches Boka e-boats
New battery-powered pontoon boats will be sold direct to consumers