Sector News – Page 376
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NewsBoats Group $850 million sale update
New owners of the international online brokerage service believe the boating industry has many unmet needs
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NewsLippert acquires boat seating business
US-based Lippert Components expanded its holdings in the marine sector with third acquisition in 2020
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NewsVancouver Boat Show to go virtual
The Vancouver International Boat Show, normally held at BC Place with an in-water element at Granville Island, will be replaced in 2021 with a newly-announced virtual show Organisers of the Vancouver International Boat Show have confirmed plans to replace the cancelled 2021 event with a virtual boat ...
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NewsHatteras wants $2.5m lawsuit over custom yacht dismissed
Lawrence Smith filed a lawsuit last November against US boatbuilder Hatteras/Cabo Yachts over a $10.1m motoryacht. Smith entered into an agreement for the boat, a 2021 model Hatteras M98 Hull 101, in August of 2019 with an estimated delivery date of February 2021. But in March 2020 Smith was told ...
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NewsCatalina Yachts EVP to retire
Gerry Douglas announces plans to step down from executive vice president role at US sailboat builder
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NewsInvestors in boatbuilding – the successes and failures of the past seven decades
International Boat Industry (IBI) will be presenting a three-part series starting on Thursday which tracks mergers and takeovers in the boatbuilding business and the outcomes for strategic and financial investors from the 1960s to the 2020s.
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NewsChris Craft is part of Winnebago Q1 gains
Strong consumer interest in the outdoors continued to drive sales, revenues and profitability in the first quarter, ending 28 November, for the manufacturer’s portfolio in recreational vehicles and Chris Craft boats
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NewsHeesen sells fifth superyacht of 2020 and second in December
Dutch superyacht-builder Heesen is ending 2020 on a high note with its fifth sale of a superyacht this year and the second in December. The latest contact is a highly customised motoryacht based on the proven platform of the 50m Steel Class. The yacht will be constructed under YN 20150, ...
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NewsKiwi amphibious builder faces NZ$6.8m damages claim from rivals
After losing a protracted legal battle over copyright infringement, New Zealand amphibious boat builder Sealegs has been slapped with a NZ$6.8m damages claim ”plus a further amount to be quantified for reputational damage” from its two largest rivals. The damage claim stems from Sealegs’ 2016 allegations that Orion Marine and ...
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NewsCustom Line reports record year
Custom Line, part of Italy’s Ferretti Group, has reported a significant rise in its order book, with yachts totalling over 200m sold in the last three months.
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NewsFountaine Pajot expects 2021 recovery
French catamaran builder Fountaine Pajot and parent company of Dufour Yachts confirmed its 2020 fiscal results confirming the negative Covid impact on both revenues and profitability
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NewsOyster Yachts in third recruitment drive within 12 months
UK yacht manufacturer Oyster Yachts is once again looking to expand its workforce to help deliver its full order book.
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NewsSpanish yacht design studio achieves laser scanning milestone
The Bravo Yacht Design Group (BYD Group) in Spain has just passed a milestone in respect of its use of high-tech laser scanning techniques, having worked on its 200th yacht scan. The total length of these yachts is in excess of 2,500m (8,208ft).
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NewsSportsman’s Warehouse to join The Great American Outdoors Group
Hundreds of US fishing and boating outlets consolidated following latest acquisition of the world’s largest boat dealer
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NewsCroatia Boat Show scheduled for early April 2021
The 22nd edition of the Croatia Boat Show is set to be held in Split from April 7-11, 2021, the organisers have announced.
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NewsPure Watercraft secures US$37.5m funding for electric outboards
US-based Pure Watercraft closed a US$37.5m Series A round of funding on Friday, which includes a previously announced US$23.4m. The oversubscribed funding round was led by venture capital and private equity firm L37, whose managing partner Randall Ussery will take a seat on the Pure Watercraft board of directors. “We ...
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NewsHype launches luxury yacht rental in India
Luxury car rental company Hype has moved into the luxury yacht rental business. Customers can now rent out yachts for birthdays, anniversaries and other special occasions, with a variety of yachts available depending on their requirements. The service is currently available in Mumbai and Goa. A fleet of Bayliner 340, ...
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NewsNautor’s Swan launches ‘New Maxi Era’ with Swan 88 as entry model
Finnish yacht-builder Nautor’s Swan is placing strong emphasis on its Swan Maxi models as a key part of the brand’s future. Nautor’s Swan has been involved with the Maxi market segment for some 50 years but it is now looking to build on the launch of the innovative Swan 115 ...
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NewsSpanish marina operator wins licence to overhaul 110-berth facility
The authorities of Spain’s Valencia autonomous community have awarded a 30-year licence to local marina operator Marina Miramar under which the company will modernise and expand the marina in Calpe, on the shores of the Mediterranean. The facility has a berthing capacity for 110 craft. Marina Miramar operates a marina ...
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NewsDates for 2021 Genoa show, industry trends revealed
Next year’s event will be held from September 16-21
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