Sector News – Page 490
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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The outdoor vehicle specialist has withdrawn revenue and earnings guidance for the rest of 2020 but currently thinks the recovery will take ’more of a U shape’ – with demand weakest in the second quarter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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NewsSchenker Watermakers prepares for restart
The Italian watermaker specialist is implementing new safety measures in preparation for its May 4 reopening
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NewsDometic puts Q1 Covid loss at $40 million
Swedish equipment manufacturer Dometic Group reported Q1 results, noting a severe impact on its business beginning in mid-March and projecting that April would be much worse
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NewsYacht transport continues despite uncertainty over Med season outlook
While the future of the Mediterranean season for yacht and superyacht cruising and charter is unknown at this point in time, arrangements to transport yachts into key Med locations continues apace. Taking the yachting centre of Palma in Mallorca as an example, a number of yacht transport ships have been ...
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NewsSA boatbuilding prepares for possible reopening with Risk Adjustment guidelines
The South African boatbuilding sector has released industry hygiene guidelines to limit the spread of coronavirus ahead of a possible partial reopening of the marine manufacturing sector.
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NewsKiwi builders return to work as NZ lockdown measures ease
As New Zealand prepares for an easing of lockdown measures at 11:59pm tonight, Kiwi boatbuilders are looking forward to returning to work on Tuesday under Level 3 restrictions. When Level 4 lockdown came in over five weeks ago, Kiwi boat manufacturers, along with the rest of the country, had to ...
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NewsTesting times accelerate new trends towards sustainable business
The world around us has changed dramatically since the start of 2020. Most of us have been impacted personally, professionally or both. Health and safety have become a critical focus. When we think about sustainability in these changing times, we believe that it includes not just environmental aspects, but also ...
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NewsVolvo struggles to define ‘new normal’
The Volvo Group – parent company of Volvo Penta – released financial results for the first quarter of 2020, revealing the severe impact of Covid-19 on the company’s global operations and continued uncertainty about what demand will look like once the crisis subsides. Marine division revenues weakened somewhat towards the ...
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NewsCalifornia yacht brokers merge
West Coast Yachts and Dream Catcher Yacht Sales have merged and will do business going forward under the West Coast banner.
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