Sector News – Page 65
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Patrick Industries to offer US$500m of senior notes
Net proceeds will be used to redeem US$300m of 7.5% Senior Notes due 2027, repay a portion of its borrowings, and cover fees and expenses
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Italy to host new B2B trade fair for sustainable innovation
MIT.EQ (Marine Innovation Technology Equipment Expo) will be held in Rimini in March
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New Bali marina to position Indonesia as maritime hub
The marina should become operational in late in 2025
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Wescom names new head of sales, electronics
Jack Sharland will be responsible for driving growth in the Electronics division
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Vision Marine gets extension to comply with Nasdaq listing requirements
Beleaguered firm also announces second reverse stock split
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Prestige expands Asia-Pacific footprint with new South Korean dealer
Hyundai Yachts will represent the Italian brand in the Republic of Korea
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Polish builder expands model range, considers own facilities
Cormorant Yachts may build its own shipyard in the future
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Cancun cancelled, could return as Latin American show with heavier B2B component
The 2024 Cancun International Boat Show was due to be held in December
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SA boatbuilding mourns loss of pioneering yard owner
Fuad Jacobs set up a black-owned yard at the height of Apartheid
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UAE to be major investor in new Egyptian coastal megaproject
Master plan for Ras El Hekma includes five marinas
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TEMO forms US subsidiary to accelerate brand in North America
The opening of TEMO USA will make it easier to supply the dealer network
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Sunseeker London sees increased turnover but profits reduced
UK broker says turbulent operating environment in 2023 has strengthened its commitment to long-term objectives
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Record attendance at 27th São Paulo show
Brazil’s leading nautical event attracted an audience of around 40,000 people
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French design firm advances catamaran project
Finot-Conq Architectes is turning its focus to the booming multihull segment
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US tariffs hurting Chinese exporters
But it’s becoming part of the business landscape, exhibitors told IBI at IBEX
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Astondoa expands dealer network
Jonacor Yachts will promote the Spanish yacht brand in the UAE, Cyprus and to Russian-speaking clients
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IBEX – what we learned
Optimism and confidence defy a tough market at North America’s largest boat industry trade event
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New deconstruction centre for end-of-life boats to open in Brittany
This marks the fourth dedicated centre for recycling end-of-life pleasure boats to launch in France this year
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Northern Marine launches new refit division
The US builder will service yachts from its yard in Anacortes, Washington
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New show director ‘thrilled’ with first IBEX
Mary Velline shares her initial impressions with IBI as the show wound down on Thursday