Sector News – Page 423
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NewsNew marine firm forms in UK
A new UK company has launched itself onto the marine market with the unveiling of its first product, smarttune.
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NewsNew European head for Northrop & Johnson
Global superyacht brokerage and services group, Northrop & Johnson (N&J), has appointed a new head of European operations and also a new chief marketing officer.
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NewsFischer Panda obtains NMEA 2000 certification
Marine diesel generator specialist Fischer Panda has gained NMEA 2000 certification, enabling it to mark its compatible xSeries and iSeries generators with the NMEA logo.
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NewsSleipner to open new distribution centre in Italy
The Norwegian stabiliser and thruster manufacturer will operate a factory-direct distribution business for its Side-Power products as of 1 September
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NewsGrand Banks resumes operations
The Board of Directors of Grand Banks Yachts Limited announced today that the group’s manufacturing yard in Pasir Gudang, Malaysia has received approval from the Government of Malaysia to resume operations with immediate effect. Grand Banks Malaysia Grand Banks’ production facility in Malaysia employs 667 workers. The ...
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NewsBarrus to offer Dometic marine range in UK
The UK equipment firm has been made a national wholesaler for Dometic’s marine aftermarket products
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NewsNMEA releases online summer training schedule
Courses offered on multiple days and times to accommodate pupils worldwide
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NewsItalian yards come to terms with new working conditions
With most, if not all, of Italy’s yacht-builders having returned to work this week, many are coming to terms with the health and safety rules set by the government, medical authorities and trade unions to cope with the COVID-19 pandemic and support a gradual easing of the lockdown. A survey ...
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NewsMalibu Boats feels Covid pinch in otherwise strong Q3 results
Malibu Boats CEO Jack Springer said the company’s third quarter was a “tale of two environments”, reflecting the impact of Covid-19 Tennessee, US-based boatbuilder Malibu Boats Inc said its third quarter of 2020 started off strongly before plant and dealership closures related to the arrival of the ...
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NewsFinancial businesses take action on COVID-19
Two financial businesses – a Bermuda-headquartered international insurer and a leading French bank – are taking steps to provide the financial resources to cover for the impact of the COVID-19 pandemic.
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NewsCovid-related production disruptions lead Mastercraft to $36.7m Q3 loss
March production cutbacks lead to 20% YOY drop in net sales, 32% drop in gross profit
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NewsOrion and Smuggler awarded High Court costs from Sealegs
Following a lengthy court battle lasting almost four years, the Auckland High Court in New Zealand has sealed an order for costs against amphibious boatbuilder Sealegs. This brings the total of costs awarded against Sealegs to circa $500k with the costs to be paid immediately.
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NewsStrong demand for marine equipment in Sweden, Norway
Byggplast/Sea Sea CEO Joakim Berner says the aftermarket is thriving The start of the boating season has been very good for companies selling boat equipment – especially in Sweden and Norway, where wholesaler Byggplast and retailers SeaSea, Hjertmans and Maritim (with more than 50 shops in both ...
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NewsDream Yacht Charter to open new base in US Virgin Islands
Dream Yacht Charter, a privately-owned yacht charter firm with a fleet of over 1,250 boats, is to open a new Caribbean base on June 1 at Compass Point Marina in St Thomas, US Virgin Islands, in partnership with Virgin Islands Yacht Charters.
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NewsSMM 2020 moves to new February 2021 timing
Next year’s trade fair will be the first international gathering of the maritime industry in 2021
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NewsSanlorenzo signs €10m financing contract
Italian superyacht-builder Sanlorenzo has signed a €10m financing contract with Cassa Depositi e Prestiti (CDP), a prominent Italian investment bank, to fund new investment in research, development and innovation for the period from 2020-2022.
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NewsHK designer unveils small electric commuter craft concept
Michael Young, a Hong Kong-based boat designer, has introduced a range of new designs for small electric commuter boats.
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NewsCoronavirus shutdowns bring lower Q2 sales, income for Johnson Outdoors
Shelter-in-place orders during the Covid-19 pandemic hurt Johnson Outdoors’ watercraft business, which posted a Q2 operating loss of $1.63m Wisconsin, US-based marine equipment manufacturer Johnson Outdoors Inc released its 2020 second-quarter results on May 5, reporting declines in both sales and net income as a result of ...
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NewsLippert reports mixed Q1 results, but says acquisitions still in view
Profitability declined due to coronavirus-related shutdowns offsetting sales gains and an otherwise strong start to FY 2020
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NewsNuvolari Lenard completes work on Venetian hybrid water taxi
Italian design firm Nuvolari Lenard recently completed work on a new Venetian water taxi whose hybrid propulsion system will help preserve the historic city through the use of ‘green’ technology.
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