All articles by Subscriber-only – Page 228
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InterviewWells Fargo Marine Group | Chad Lyon
Named commercial leader for Wells Fargo Distribution Finance Marine and RV group in May, Chad Lyon takes the reigns as head of the US bank’s significant leisure boating business following the retirement of Bruce Van Wagoner in April. IBI’s Craig Ritchie speaks with Lyon, coming into the leisure boat industry ...
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NewsBorrow A Boat exeeds crowdfunding target
UK boat rental and charter firm secures over £750,000 from 686 investors
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NewsQuick SpA turnover up 45% in 2021
Italian equipment manufacturer says quality and reliability of the brand is key to success
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NewsEuropean manufacturers face prospect of aluminium shortages, price hikes
Cuts to magnesium production in China threaten aluminium supply, represent ‘imminent risk of Europe-wide production shutdowns’ say industry associations
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NewsJonkers opens EU customs warehouse for seagoing yachts
New storage facility in South Holland removes need for paying import duties and tax
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NewsMyers Industries reports 51% jump in Q3 revenue
Plastic tank manufacturer posts higher sales, gross profits in strong third quarter
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NewsSanlorenzo reports “excellent results” for Q3 2021
The Italian luxury yacht builder says both profitability and its order backlog are at a record high; with high visibility on future growth, Sanlorenzo has also confirmed its full-year guidance for 2021
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NewsBiden Administration confirms timing for removal of EU boat & motor tariffs
The National Marine Manufacturers Association (NMMA) reports today that the EU plans to lift retaliatory tariffs on US boats and engines on 1 January 2022
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NewsJoint venture to invest $200m in US marinas
Integra Investments teams up with US investment firm to acquire marina assets
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NewsQ3 revenues, profits up for KVH
Increased service offering revenues offset higher production costs on hardware associated with supply constraints
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NewsAustralian electric outboard manufacturer begins exporting
The New South Wales-based company launched with five outboards between 4kW and 30kW
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NewsTurkish marina owner enters power catamaran market
Vision F Yachts has already delivered two 80ft power cats to Turkish clients
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NewsTurning adversity into opportunity, Viking announces three new models
A 90ft Viking was developed largely to counter EU and US emissions regulations
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NewsMiami voters reject lease for Virginia Key marina operators
Voters rejected the 75-year marina lease deal by a margin of 53% to 47%
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NewsFounders of E1 World Electric Powerboat Series on plans to turbocharge electric boating
E1 Series Co-Founder & CEO Rodi Basso tells IBI about plans that look set to transform the concept of powerboat racing
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NewsTourism Minister proclaims Bahamas “back and open for business”
Caribbean tourism has been greatly impacted by the devastation of multiple hurricanes and Covid-19
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NewsLippert Components rides demand wave
US-based LCI Industries reported record sales today for its the third quarter, based on continued strong demand in the recreation space; the company’s marine business outperformed other segments
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NewsFormer Garmin sales director launches new business
Dan Soeters has formed an international network of sales and distribution specialists
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NewsCummins Q3 revenues up 17% to US$6bn
Engine segment revenues of near $2.6bn mark 22% YOY gain, but continuing supply constraints lead engine builder to adjust full-year guidance
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