Sector News – Page 426
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NewsAzimut-Benetti to make partial start to a full reworking
While the regional government for Tuscany has stated that a full return to work would not be made until May 4, it has reportedly allowed the Azimut-Benetti Group to go ahead with an initial restart that involves around 500 or so workers, about one-third of the total workforce.
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NewsCentury Boats sold to PE firm
Private equity firm Sorfam Capital today announced that it acquired Century Boats in the middle of March for an undisclosed sum.
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NewsEU roadmap for lifting of COVID-19 containment measures
The European Boating Industry association (EBI) has provided the following update from the EU recommending a coordinated approach to lifting Coronavirus restrictions across the region
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NewsAlia turns hull of first 36m all-aluminium shadow vessel
Turkey’s Alia Yachts has turned the aluminium hull of its 36m shadow vessel slated for delivery in 2021. Once complete it will support Project Phi, the 55m mothership currently in build at Royal Huisman in the Netherlands.
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NewsCox issues CXO300 production update
The UK’s Cox Powertrain today announced that assembly of its new CXO300 diesel outboard engine will proceed as planned at its Shoreham-by-Sea headquarters, while the company’s ramp-up production schedule will begin in Q3 when supply chains are hoped to be operating nearer pre-Covid-19 levels.
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NewsMarinas, boat yards and boat plants re-open in three US states
On Saturday the governors of three US states announced the reopening of marinas, boat yards and marine manufacturing businesses that have been shut down for weeks as part of lockdowns related to the ongoing Covid-19 pandemic On Saturday the US leisure boating industry received a serious boost ...
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NewsMonaco & Ft. Laurderdale show owner taps investors for funding
British-based Informa – a global events organiser and publisher – has turned to investors to raise £1 billion as a defense against the ”significantly deeper, more volatile and wide-reaching impact of the COVID-19 pandemic.”
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NewsRescheduled Palma show cancelled
The Palma International Boat Show, which was rescheduled from its original April 29-May 3, 2020 dates to June 4-7, has now been cancelled until late April-early May in 2021.
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NewsPolaris donations support ‘Goggles for Docs’
Nearly 1,300 Goggles Donated to Help Address Protective Eye Equipment Shortages Across the U.S.
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NewsMediterranean new-build yacht and refit yards start to reopen
With the lockdowns due to the COVID-19 pandemic being eased in countries such as Spain and parts of Italy, a number of yacht and superyacht new-build and refit facilities have started to reopen this week. France will stay in lockdown until at least May 11 and Monaco is set to ...
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NewsBRP takes further steps to manage COVID-19 impact
After slowing down and temporarily suspending manufacturing at all powersports and marine operations sites around the world, Canada’s BRP Inc. announced a series of additional measures – including cost-containment measures and employee compensation changes – to protect the company’s financial flexibility and long-term growth.” BRP’s marine-related products are captured in ...
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NewsMonaco Yacht Show remains on course for late September
The organisers of the 30th edition of the Monaco Yacht Show (MYS 2020), due to be held at Port Hercule from September 23-26, have issued a statement emphasising that the event is ‘still on course to take place’.
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NewsCanadian marina operator acquires four more properties
Canadian marina operator Maple Leaf Marinas has added four new properties near Toronto to its growing portfolio of premium boating facilities.
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NewsRobertson & Caine ramps up hygiene control at SA factories as lockdown continues
R&C’s once-busy factories are closed until the end of April Catamaran producer Robertson & Caine is ramping up hygiene control measures inside its South African factories in response to the coronavirus pandemic. Thermal cameras to monitor physical distancing, washbasins, and extensive staff engagement are part of a ...
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NewsGYG reschedules loan repayments
Global Yachting Group (GYG), a listed superyacht painting, supply and maintenance company, has given details of changes to its repayments schedule for a €4m loan which was due to be paid up by March 31, 2021. Additionally, it has also made known that its operations in Spain are being restarted.
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NewsGurit restructures Composite Materials unit
Swiss composites specialist Gurit Holding has divided its Composite Materials business into two units: one focused on Marine & Industrial Materials and the other on its extensive Wind Materials business
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NewsGulf Craft Majesty 120 completes first sea trial
The Majesty 120 has a dynamic exterior profile coupled with angular lines and contemporary styling The recently launched tri-deck Majesty 120 from Gulf Craft has completed its first sea trial ahead of its April delivery. During the trial, which was completed prior to the current global situation, ...
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NewsPolish boatbuilders continue production despite global supply chain disruptions
A number of Polish boatbuilders continue their production activities despite the ongoing coronavirus outbreak and the lockdown the country’s authorities have placed on numerous industries and institutions. Responses to the current situation have varied among boatbuilders as the majority of companies decided to maintain production at their shipyards, but others, ...
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NewsObituary: Peter Birkett
Best known for his work on the design of Virgin Atlantic Challenger II and Gentry Eagle, two boats that set new records for the fastest crossing of the Atlantic, UK designer Peter Birkett succumbed to heart problems over the Easter holiday. He died in Newquay Hospital in his beloved Cornwall ...
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