All articles by Subscriber-only – Page 194
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Suzuki battling shipping issues; customer/product balance
Speaking to IBI at the Ft. Lauderdale show, engine maker Suzuki Marine discusses current opportunities and challenges in the outboard and re-power segment
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Canadian tech firm to enter coatings segment with new fuel-saving bottom paint
C$2.4m Transport Canada research study verified by Lloyd’s Register finds graphene-based bottom paint to deliver fuel economy savings of up to 20%
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Grand Banks back to fulfilling orders
With closures lasting almost 2½ months in its first quarter of fiscal 2021-22 ending 30 September, Grand Banks Yachts saw minimal revenue in Q1, but forward orders remain strong
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Garmin: record Q3 revenues top $1.19bn
Marine segment sales up 25% to $207.5m, earning $54m in operating income
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New Super Sub underscores U-Boat Worx’s market leadership
The three-seater sub can do 8kt under water
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Marine Products Corp Q3 sales up 10%
Sales gains offset by supply headwinds to yield flat operating profit, net income for US boatbuilder
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Bids for Perini Navi put pressure on court to resolve brand’s bankruptcy
TISG and Sanlorenzo-Ferretti JV put in bids for Italian yacht-builder
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Perini Navi auction heats up as new bids come in
Ferretti Group and Sanlorenzo make irrevocable offer
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Record Q4, full-year results for MarineMax
World’s largest boat dealer reports 16% Q4 revenue gain, record gross margin, record FY revenues and EPS that exceeds guidance
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Polaris boat sales grow 18% in Q3
Net sales flat but supply constraints impact overall profitability for US boat, powersports equipment builder; FY guidance adjusted down to 16% YOY gain
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Maryland seeks new rules for fuel storage at marinas; incentives for green energy
The Maryland Department of the Environment (MDE) is accepting public comments until 2 November
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Windy Boats owner Trygve Hegnar explains current strategy
Norwegian builder’s new flagship is squarely aimed at the superyacht market
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Logistic experts: Port of Long Beach “simply overflowing with containers”
The city is to temporarily permit additional container stacking to free up space
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Bering Yachts teams up with armoured car manufacturer
New partnership to strengthen Bering vessels and protect against piracy
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Prices still going through the roof, reports Dometic
In line with a predominant theme emerging in marine industry third quarter financial reports, material and freight costs are exerting a significant influence on Dometic’s business against a backdrop of continuing high demand