Sector News – Page 375
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NewsLewmar’s 2019 results impacted by Lippert takeover
At the time, Lippert Components’s acquisition of the UK marine equipment manufacturer was described as the “best strategic option” for Lewmar and its employees
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NewsSpanish municipality to invest €4.5m on marina upgrade
Victor Navas, the mayor of Benalmádena in southwest Spain, has announced that the municipality plans to invest at least €4.5m (US$5.5m) to upgrade its marina.
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NewsKyron Design makes superyacht debut
Kyron Design has submitted its first entry to yachting with a 230ft expedition superyacht.
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NewsShow organiser Informa Group looks beyond pandemic
Informa PLC, the London, UK-listed global events organiser responsible for the Monaco Yacht Show and Fort Lauderdale International Boat Show amongst others, has indicated in its 2020 half-year results that its profits for last year are likely to be around 70% down.
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NewsIMCI opens UK office to certify recreational boats meet UKCA mark
The Brussels-based International Marine Certification Institute has founded IMCI (UK) in Liverpool to ensure that recreational boats placed on the British market meet the country’s post-Brexit technical, safety and environmental standards.
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NewsUS boat sales hit 13-year high in 2020; boom to continue
With heightened interest in outdoor recreation and ways to social distance, consumer demand for new boats is expected to carry over into 2021 and beyond
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NewsBurgess moves from profit to loss
Difficult market conditions caused 24% drop in turnover to £16.63 million for UK yacht brokerage firm
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NewsNew Navico distributor for France
Navico, parent company to the Lowrance, Simrad, B&G and C-MAP brands of marine electronics, has chosen Kent Marine Equipment to distribute its complete range of products in France and the French administered territories.
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NewsSeakeeper expands presence in Asia
US-based marine stabilisation specialist Seakeeper has announced that its Pacific distributor, Twin Disc Pacific, has added Asia to its distribution territory.
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NewsS2 Yachts consolidates Tiara brands
S2 Yachts, builder of the Tiara Yachts and Tiara Sport brands in the US, has announced that it is now marketing both marques under the Tiara Yachts banner.
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NewsQM Industries in joint venture with Multiflex Marine
QMI-Multiflex to supply and manufacture marine steering systems, cables, controls and accessories for the US market
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NewsPolaris announces executive appointments
Minnesota, US-based boat and powersports equipment manufacturer Polaris Inc has announced three executive appointments following the departure of former CEO Scott Wine on December 31.
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NewsEU, China sign tentative trade and investment accord
The deal still needs to be approved by the 27 EU governments and the European Parliament
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NewsLawsuit ends in $25.16m judgement against Tracker Marine
The long-running class action against the US builder was finalised on December 30 for charging buyers a $75 fee for documentation
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NewsMalibu acquires Maverick for strategic, complementary hull and price point expansion
Malibu Boats has acquired the four brands of the Maverick Boat Group, expanding production capacity and distribution potential in what the parent company is calling a “strategic transaction that complements Pursuit and expands Malibu’s saltwater outboard offerings in boat type and price point.” Maverick, and its founder Scott Deal, are ...
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NewsLazzara Yachts Group names new EVP
Florida, US-based boatbuilder Lazzara Yachts Group has appointed Nils C Nelson as its new executive vice president. Nelson will lead the sales, business development, and customer service activities for the group, as well as using his varied industry experience to advance the company’s objectives.
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NewsPost-Brexit, EU-Britain free trade deal can be an obstacle race
The EU-UK Trade and Cooperation Agreement inevitably presents hurdles for Europe’s boating and related sectors on both sides of the English Channel – from VAT to border red tape, from travel curbs to rules of origin. Recognition of professional qualifications is at stake. There will be free trade in goods, ...
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NewsUK yacht brokerage gets new owner
UK-based yacht dealership and brokerage firm Key Yachting has been taken over by Thinking Space Systems, a technical furniture company owned by Wayne Palmer and Hayley Quinn.
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NewsCovid-related yacht incidents in Australia and Solomon Islands
Two incidents involving Covid-19 related cases occurred in Australia and the Solomon Islands in December.
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NewsPrincess Yachts trading update highlights strong 2019-20 performance
The UK builder’s £600m order book extends into 2022 with company poised for further growth
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