Sector News – Page 424
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NewsHexcel obtains DNV GL type approval
Hexcel, the US supplier of advanced composite materials to the marine and other markets, has announced that its HexPly M79 prepreg materials have achieved Type Approval Certification from DNV GL.
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NewsCapacity closes Miami marinas within hours of reopening
Boaters queue up for hours in Miami to get back on the water Boaters in South Florida crushed public marinas as on-water activity resumed this weekend, albeit with many more rules and restrictions. Vessels were lined up as much as two hours before opening at several marinas ...
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NewsSA yards reopen subject to 50% staffing limit
South African boatbuilding yards reopened on Monday subject to a 50% staffing limit and strict social distancing protocols. This follows an easing of the country’s ‘hard lockdown’ – from the maximum level five to level four – to allow a partial reopening of the economy beyond essential services.
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NewsTwin Disc Q3 results shored up by ‘stable marine demand’
The US-based manufacturer of marine power transmission equipment reported an 11% drop in sales for its third quarter ending 27 March, to $69 million
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NewsHow will autumn boat shows manage the ‘new normal’?
Show organisers are under pressure to reveal plans for upcoming autumn shows as one of the industry’s most important marketing channels
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NewsKorea International Boat Show confirmed for June this year
The organiser of the Korea International Boat Show (KIBS) confirmed to IBI today that the show is planned to go ahead as scheduled from June 5-7, 2020. There will also be an invitation-only business forum on the afternoon of June 4.
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NewsSt Thomas approves transfer, expansion for two marinas
The St Thomas, US Virgin Islands Coastal Zone Management Committee (CZM), meeting by video conference, has approved a pair of marina plans aimed at helping the facilities recover from the twin impact of the COVID-19 pandemic and being ravaged by two hurricanes within two weeks in 2017.
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NewsNew hydrogen fuel cell initiative involves ABB and HDF
With the growing interest and discussion about the potential use of hydrogen as a fuel for superyachts, a new initiative to manufacture megawatt-scale fuel cell systems in France may move the whole process forward. If successful, it will also help reduce carbon emissions in the maritime sector. The new initiative ...
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NewsBrunswick Q1 ‘resilient’ despite COVID-19 impact
Brunswick Corporation released first quarter 2020 financial results and reported a strong pre-coronavirus performance, with “resilient operating margins despite COVID-19 impact”
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NewsDutch superyacht sector crafts new home
The Dutch superyacht lobby has moved into new digs, but its shift from HISWA Holland Yachting Group into a unit of the Netherlands Maritime Technology (NMT) trade group has been slow due to the Covid-19 pandemic.
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NewsBeneteau responds to crisis
Beneteau has restarted production at three of its sites as half year earnings announced; CEO takes salary reduction, new strategic plan to follow in July to reflect deep transformation of its markets
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NewsPolaris reports a 6% drop in Q1 sales
The outdoor vehicle specialist has withdrawn revenue and earnings guidance for the rest of 2020 but currently thinks the recovery will take ’more of a U shape’ – with demand weakest in the second quarter
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NewsRecord Q1 revenues for Garmin
Garmin Ltd released its 2020 first quarter results on Wednesday, reporting record Q1 revenues and double-digit revenue growth in four of its five operating segments – including a 22% bump in its marine business.
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NewsReckmann reports strong demand for new sun awning systems
Reckmann, the German rigging and hydraulics specialist that entered the sun-shade systems market when it acquired Sailtec Custom Projects in 2015, has announced that the first new-build yacht project to feature Reckmann’s new curved sun awning poles has just been delivered by a German shipyard.
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NewsDynamiq presents new yacht developed in collaboration with German car tuner Klassen
The GTM90 was due to have been launched at the now-cancelled Geneva Motor Show
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NewsStrong quarter at Grand Banks, but sharp decline expected
After logging new sales in the quarter ending March 31, Grand Banks anticipates a sharp downturn and more layoffs in light of an extended shutdown at its main Malaysian plant
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NewsYachting Developments restarts operations
Yachting Developments (YD), the New Zealand superyacht builder, has announced that it has resumed operations following a five-week break due to the COVID-19 pandemic. The resumption comes at a time when New Zealand is reopening on the basis that the country has for now managed to contain the coronavirus.
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NewsMarquis Yachts notifies state of June layoffs
US boatbuilder to temporarily lay off more than 100 workers due to slowdown in business
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NewsPrivatisation of Greek marina moves forward
Alimos Marina will be turned into a modern tourist port
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NewsPolish catamaran builder launches new electric range
Poland’s Sunreef Yachts has launched a new range of eco-friendly catamarans fitted with fully electric and hybrid propulsion systems. Initiated by the first electric Sunreef 50 and Sunreef 60 cats, the range was promoted at a virtual press conference in the presence of Formula 1 champion Nico Rosberg who appeared ...
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