Sector News – Page 430
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NewsWinnebago suspends production at Chris-Craft
Winnebago Industries has announced that it is temporarily suspending production activities at its Chris-Craft and other production facilities in the US. The steps are designed to lower the probability of coronavirus exposure to employees and adjust future production output relative to demand.
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NewsNew Hong Kong show to launch in November
Hong Kong is set to have a new yacht show timed for November 19-22, 2020. The initiative follows the signing of an MOU (Memorandum of Understanding) between the Hong Kong Cruise & Yacht Industry Association (HKCYIA) and Verventia, organiser of the Singapore and Thailand yacht shows.
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NewsFerretti reports rise in revenues, issues Covid-19 statement
Production continues for now at Italian builder as it releases positive 2019 financials
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NewsGavio Group to combine Baglietto and CCN yards under the Baglietto brand
Yards closed until early April due to coronavirus
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NewsWalcon completes UK marina redevelopment
Walcon Marine, the UK-based marina builder, has completed a comprehensive reconfiguration of the mooring facilities at Lymington Town Quay in Hampshire.
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NewsWith many closures already, Volvo alters dividend proposal
In light of Group operations which are – or will be – temporarily closed, the Board of Directors will withdraw its proposal foran extra shareholder dividend given the significant changes in the business environment since announcing 2019 financial results
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NewsDometic expects negative impact on Q1 results
Sweden’s equipment manufacturer Dometic Group warned of a negative impact on demand and financial results in the company’s first quarter, and withdrew the previously proposed dividend for investors
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NewsDelta ‘T’ Systems appoints sales and service provider
Delta ‘T’ Systems, the US manufacturer of marine ventilation systems, has appointed Dania Beach, Florida-based Gillen Yacht Services as its newest authorised sales and service provider.
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NewsChinese boatbuilding regains traction; HK market still down
Boatbuilding in China appears to be regaining traction, according to Simon Boyde, director of Hong Kong-based Storm Force Marine. In Hong Kong, however, the market remains down. Storm Force is a leading supplier of marine equipment to the boatbuilding industry throughout the region. Speaking about business in China, Boyde says: ...
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NewsSunseeker to temporarily reduce workforce, salaries
The measures are part of an effort to avoid compulsory redundancies
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NewsBrunswick temporarily suspends production
New work schedules will begin to take effect from Monday 23 March
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NewsPrivilège strengthens international sales team
Privilège, the French catamaran brand owned by Germany’s HanseYachts, has expanded its international sales team with sales manager Anna Nowotarska. Following a career of 14 years in the yachting industry, Nowotarska has a high level of expertise.
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NewsInvincible: online to replace boat shows, operations continue
Invincible Boats, which began the new year with a new catamaran, new marketing campaign and a new push into international markets, is adjusting to the changing market conditions brought on by the COVID-19 pandemic and, thus far, is continuing normal manufacturing operations.
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NewsYacht chartering in times of the coronavirus
Ümit Uzun With many countries closing borders, both via land and air, Europeans will find it difficult to reach the Mediterranean Sea. But what about boat charter holidays booked for the Med this summer season? Ümit Uzun, CEO of Würzburg, Germany-based charter brokerage Charterbar Yachting, explains how ...
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NewsSouthern Marinas acquires three new Florida locations
Southern Marinas Holdings, LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced today the purchase of Hi-Lift Marina in Aventura; Hidden Harbour in Pompano Beach; and Palm Harbour in Cape Haze. These premier Florida locations were acquired from Aqua Marine Partners, LLC in a deal ...
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NewsHanse maintains production pace; sold out until June
HanseYachts’ CEO has provided an update on the company’s status for clients, suppliers and shareholders in the wake of the Coronavirus crisis: “We are producing and are able to deliver.”
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NewsSF Marina continues global expansion
SF Marina, the Swedish manufacturer of floating concrete breakwaters, docks and waterfront structures, has started operations at its new manufacturing facilities in Malaysia and Thailand. This is in addition to expanding its production sites in Sweden, the US and New Zealand.
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NewsDates set for 2020 Abu Dhabi show
The Abu Dhabi International Boat Show (ADIBS) will return to the Abu Dhabi National Exhibitions Centre for its third edition from October 14-17, 2020. Organised by the Abu Dhabi National Exhibitions Company (ADNEC), it will be the first boat show of the year in the UAE, focusing on luxury boating, ...
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NewsInvincible Boats expands Down Under
Invincible Boat Company, a US-based builder of saltwater sportfishing and high-performance boats, has appointed Sydney-based Boat Monster as its distributor for Australia and New Zealand.
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NewsVolvo issues statement on Covid-19
Sweden’s Volvo Group has issued an update on the impact of Covid-19, stating that there is a “considerable risk of material financial impact on the Group as from mid-March.”
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