All articles by Subscriber-only – Page 158
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Freedom Boat Club buys largest US franchise
Acquisition includes the right to expand and build new club locations in the territory
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Q1 a mixed bag for KVH
Hardware sales declines partially offset by higher service income, leaving US satcom provider calling for full-year revenue growth of between 2% and 5%
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UK-based marine insurance broker sold in £500m deal
Tysers is said to be the oldest broker on the Lloyd’s of London insurance market
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US boating industry convenes in Washington DC
American Boating Congress returns to Capitol Hill amid tight security
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Superyacht allegedly linked to Putin seized in Italy
Scheherazade impounded at TISG’s Marina di Carrara shipyard
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Supply chain bites Johnson Outdoors in tough Q2
Year-over-year gains in watercraft, camping gear and diving equipment sales not enough to offset supply-related speed bumps in fishing business as US equipment manufacturer reports overall revenue, profit declines
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Silent-Resorts to begin constructing first solar-powered yacht club
Development of Club Ki’ama Bahamas will start in June
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South East Asia yachting destinations start to open up
Both Thailand and Indonesia are making it easier for superyachts and their crews to visit
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Sanlorenzo posts strong Q1 results, confirms 2022 guidance
In a two-day event hosted in Venice for analysts, leading Italian yacht builder Sanlorenzo highlighted its latest financials, sustainability efforts and growth initiatives
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Volvo Penta launches first of its kind hybrid-electric vessel
Volvo Penta, Marell Boats, and Arctic tourism operator Hurtigruten Svalbard have launched a new ground-breaking Volvo Penta-powered hybrid-electric vessel, the technology for which could make big waves in the leisure sector
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Intellian to open new factory in South Korea
August opening of second production facility in Korea to support expansion into emerging markets
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Record order book at Nimbus
Sweden’s Nimbus Group echoed reports of strong boat demand across its markets in Europe and the US
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US builder receives economic incentive for doubling jobs
County commissioners approve US$600,000 incentive payment
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OneWater adjusts 2022 outlook up, continues acquisition strategy
US dealer says fiscal second-quarter results were better than anticipated
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Record Q1 for Myers Industries
Significant YoY increases in revenues, gross earnings and net profits lead US plastics supplier to raise 2022 outlook