All articles by Subscriber-only – Page 263
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NewsUS yachting sector showing signs of recovery
Despite 81% of yacht-builders reporting Covid-related business declines in the first quarter of 2020, the market is already showing promising signs of recovery, says one industry observer. As lockdown restrictions began to ease, so did buyer hesitancy, according to Affinity Group CEO Andrew Morgan. “Many potential acquisitions lined ...
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NewsFinnish boat registration up strongly as Helsinki Boat-Afloat opens its doors
More than 250 boats are on display at Helsinki Boat-Afloat The ‘staycation’ trend has provided a positive boost to boating in Finland this summer, with 22% more boats registered in the first half of 2020 compared to the same time last year. According to Finnish marine industries ...
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VideoItaly: IBI State of the Industry Briefing
Get interactive and watch IBI’s industry interview of Italy’s most knowledgeable expert on the state of the country’s boating industry and domestic market performance. IBI Editor Ed Slack speaks with Dr. Stefano Pagani Isnardi, Head of Technical, Statistics, Research & International Relations for Italy’s marine industry association, Confindustria Nautica.
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NewsWajer adds ‘foil assist’ technology to 38, 38S models
The Wajer 38S with foil assist technology Wajer Yachts has upgraded its 38 and 38S luxury dayboats with a ‘foil assist,’ a striking feature fixed to the hull below the midship steering wheel that generates a smoother ride with less slamming. The Dutch builder of luxury motor ...
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NewsBeneteau Group CEO, Jérôme de Metz - The 15-minute read
Not watched the video yet? Read the transcript of IBI’s recent interview with Beneteau Group CEO where is explains the thinking behind the French builder’s ambitious new strategy to cope with a fast changing market
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NewsUS private equity firm buys Yale Cordage
In its 99th deal since being established in 1989, US private equity business River Associates Investment has bought Yale Cordage, a leading supplier of rope systems to the recreational and commercial marine sectors. The acquisition was in partnership with Yale’s management team. No value for the purchase has been released. ...
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NewsOXE Marine signs deal with China’s largest outboard engine manufacturer
Parsun to distribute the OXE diesel outboard range in China
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NewsNorwegian electric outboard company receives EU funding
Evoy’s vision is to eliminate emissions from boats
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NewsDufour sells JJL Catamarans to Croatian charter firm
Italy’s only serial cat producer has been sold to Under the Heavens
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NewsFirst electro-hydrogen production boat to debut at Cannes
Energy Observer Developments will present its hydrogen fuel cell technology integrated with a new 40-foot open boat developed with Hynova Yachts as a dayboat or superyacht launch
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NewsTrump resumes trade war with Canada
It’s Déjà vu for the North American boat industry as US president Donald Trump announces a new 10% tariff on Canadian aluminium, while Canada vows to retaliate
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VideoIBI speaks with Beneteau CEO Jérôme de Metz
IBI’s Ed Slack speaks with Jérôme de Metz, Chairman and CEO of the world’s second largest boatbuilder and global leader in sailboats, Groupe Beneteau about the company’s new strategic plans which includes a trimmed down brand porfolio, rationalisation of production capacity and further expansion of services and digital capabilities.
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NewsFire flattens US boat trailer plant
HLT Limited moves production to newly-acquired second location, expects minimal production delays
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NewsLegal dispute over loss of £25m superyacht involves Peters & May
My Song fell off ship while en-route from Antigua to Genoa
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NewsYamaha announces first six months results; marine sales down 16.3%
Net sales for Yamaha Motor Co Ltd’s consolidated accounting period for the first six months of the 2020 fiscal year ending December 31, 2020 were ¥685.5bn (a decrease of ¥170.4bn or 19.9% compared with the same period the previous fiscal year). Operating income was ¥19.1bn (a decrease of ¥49.9bn or ...
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NewsNew 34m sail training schooner launches in Bangkok
Vela will undertake global cruises to educate trainee sailors
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NewsNZ update: exemption for visiting yachts with work booked; Auckland show to attract large crowds; Ocean Marine busy; new Waiheke marina
New rule could give a boost to local yacht repair and refit sector
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NewsLippert reports mixed Q2 results, together with surging summer demand
The US-based component supplier saw sales declines related to OEM shutdowns early in the second quarter, offset by a 109% jump in aftermarket sales and surging June and July retail demand in the outdoor-leisure segment
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NewsScania targets US cruising yacht market with two new engines
Introduction of new 900hp and 1,150hp diesels aims to grow footprint in North American leisure marine segment
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