Sector News – Page 389
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NewsRegistration now open for Balearic Yacht Show
Registration is now officially open for the Balearic Yacht Show. The first virtual yacht show in the Mediterranean will bring together the main players in the national and international marine industry from November 18-20, featuring three days of live events and conferences as well as virtual stands from more than ...
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NewsHong Kong Yacht Show: Verventia responds to HKCYIA’s announcement
As reported in yesterday’s IBI News, the joint organisers of the planned Hong Kong Yacht Show scheduled to take place next month appear to be in dispute. Following the announcement of postponement at the request of the majority of the key players in Hong Kong’s yachting industry, the local partner, ...
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NewsInvestment plan in Perini Navi develops
Last month Blue Skye Investment Group announced it had reached an agreement to restructure and inject capital into the near-bankrupt shipyard Perini Navi.
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NewsMiami cancellation surprises few, relieves many, disappoints an industry and begs new questions
The decision by the National Marine Manufacturer’s Association (NMMA) to cancel nine of its first-quarter boats shows, including the cornerstone and iconic Miami International Boat Show (MIBS), was met with a mixed reaction from the recreational boating industry. But one universal sentiment was expressed by Correct Craft president and CEO ...
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NewsHeysea Yachts exhibits first sailing catamaran at Shenzhen show
Italian and UK designers are both involved in the project
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NewsBrunswick reports ‘outstanding’ Q3 and is bullish on 2021
The industry’s largest company said it outperformed the market in its third quarter ending September 30, achieving double-digit growth in sales and earnings. Historically-low boat inventory levels position the company exceptionally well for the remainder of the year and throughout 2021.
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NewsHong Kong Yacht Show to proceed using new format in a strong market
Despite the announcement on October 14th that the Hong Kong Yacht Show (HKYS) is postponed until October 2021, as reported by IBI two weeks ago, it transpires that the show will still proceed in a different format under the management of local Hong Kong partner, the Hong Kong Cruise and ...
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NewsFLIBS opens to smaller crowds
The first day of the 61st annual Fort Lauderdale International Boat Show (FLIBS), unsurprisingly, saw smaller crowds, which were welcomed with a mandatory mask policy and other safety measures that included a limited crowd capacity at the show aimed at holding a large international event in the midst of a ...
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NewsKVH posts strong Q3 results
Gains in both product and mobile connectivity service sales drive “strongest Q3 in years”
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NewsJotun introduces new superyacht lifecycle services solution
Norwegian-headquartered marine coatings and anti-fouling specialist Jotun has launched a new aftersales and lifecycle solutions service called JotunCare which is dedicated to superyachts. Jotun claims to be the number one global provider of advanced marine coatings and antifoulings to superyachts and the new service is aimed at expanding its presence ...
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NewsMiami and eight other NMMA winter shows cancelled
America’s National Marine Manufacturers Association (NMMA) has announced altered plans for its roster of boat shows scheduled for the first three months of 2021, including cancellation of the bellweather Miami International Boat Show
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NewsGarmin record Q3 results buoyed by strong marine sales
Marine segment posts 54% YOY revenue growth, 152% increase in operating income
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NewsNew Volvo Penta president outlines challenges and changes going forward
Sustainability a key theme as well as attracting new and younger people
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NewsUK RIB manufacturer sold to British entrepreneur
Ribcraft UK, based in Yeovil, Somerset, has been bought by UK entrepreneur Toby Adams and looks set to expand on the success it has already enjoyed in growing governmental, military and securities sectors as well as placing a larger emphasis on environmental sustainability.
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News1st Virtual Valencia Boat Show opens to the public
IBI is exhibiting for the first time on a 100% virtual stand at the 2020 Virtual Valencia Boat Show which opened today.
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NewsSurprise Q3 results for Marine Products Corporation
Marine Products Corporation, makers of Chaparral, Robolo and Vortex boats, surprised Wall Street with its third quarter results that saw a nearly 10.5% reduction in unit sales and a 4.8% drop in sales revenue reported at US$68.7m.
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NewsVanquish Yachts secures 35m superyacht order from US client
Vanquish COO Sander Mars: “US clients are getting used to aluminium” Since its founding in 2012, Vanquish Yachts has built fast luxury dayboats at a blistering pace. It’s a tale of peerless success: the Dutch maker of aluminium tenders and day cruisers just scored an order for ...
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NewsHubbell feels Covid pinch in 2020 Q3 results
Declines in net sales, gross profits and net profits point to continued uncertainty in the power market
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NewsCroatian nautical sector seeks government financial support
A 50% drop in yacht arrivals and a 65% revenue loss from the reduced traffic has Croatia’s growing marina and nautical sector stalled and seeking some additional job support funding, according to the Croatian Chamber of Commerce (HGK).
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NewsBetter than forecast results for Groupe Beneteau
The multi-brand French boatbuilder said the company is benefiting from its global, multi-segment positioning against the adverse environment of Covid 19
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