All articles by Subscriber-only – Page 269
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NewsUS posts second highest monthly boat sales in 10 years
After a brief respite in July and August, US new boat sales took off again in September, nearly beating the highest monthly sales in more than a decade.
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NewsUS component supplier continues on acquisition path
US-based component manufacturer Patrick Industries announced it has completed the acquisition of Geremarie Corporation, the fifth addition to its business portfolio this year
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NewsBaltic states look to boost boating sectors
Latvia, Lithuania and Estonia all looking to capitalise on yachting infratructure investment
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NewsTrade, tariffs and the environment likely lead Biden agenda
While getting control over the rapidly escalating Covid-19 infection rate and accompanying economic woes will be his new administration’s number one priority, the environment, trade and tariffs are likely to be among the top agenda items of the incoming Biden administration, according to a panel of marine industry Capitol Hill ...
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NewsSardinian marina put up for sale by Italian state-owned investment agency
One of Sardinia’s leading marinas has been put up for sale as an investment opportunity by the Italian state-owned Invitalia agency which deals with investments and enterprise development. Marina di Portisco, which offers 589 berths for yachts up to 90m (295ft), is located on the Gulf of Cugnana in Olbia ...
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NewsCanadian boat operator license sales up 75%
New data released by the Canadian government quantifies unprecedented demand for boat operator licenses in 2020
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NewsChaparral, Robalo Boats see growth into 2021
Marine Products Corp is working to meet order and inventory demand
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NewsCan Covid growth be sustained and retained?
More than 44,000 new boaters entered the US market in 2020 as part of a general turn to the outdoors brought about by the Covid-19 pandemic. But who are these new enthusiasts and – more importantly, some would ask – is there a way to avoid the inevitable churn of ...
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NewsAustralian workboat builder enters leisure market
Dongara Marine is best-known for building workboats and fishing vessels
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NewsMarine stocks continue upward march
News on several fronts of the pending success of a Covid-19 vaccine and promising treatments boosted stock indices around the world this week, sending share prices of marine industry companies upwards with them. Amidst news of the worsening outbreaks in America and Europe, the prospects of a viable vaccine certainly ...
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NewsEU wants more SMEs in trade deals outside the bloc
The European Boating Industry (EBI) says 97% of the businesses active in Europe’s boating sector are small and medium-sized companies. EU-wide, SMEs even account for 99% of all enterprises and employ an increasing number of persons. They may employ only up to 250 people, but SMEs are the oxygen of ...
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NewsCEO sentiment riding high in US boating market
A season of strong boat sales has buoyed optimism among the leaders of marine industry companies in the US market, according to NMMA’s Q3 Sentiment Report
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NewsSailfish plans methodical growth to global brand status
Former Marquis Yachts president Rob Parmentier joined Sailfish in August as president and CEO The recent addition of nine new dealers across the United States is the next step in a “methodical growth plan” to transform Sailfish Boats from a strong, regional boatbuilder to a global brand. ...
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NewsMyers Industries acquires Elkhart Plastics
Acquisition positions US fuel tank manufacturer among five largest rotational molding firms in US
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InterviewPropspeed | Chris Baird
With a product representing a win-win for OEMs, service yards, their boat owners and the environment, Propspeed is on a mission to quadruple turnover within five years. IBI talks to CEO Chris Baird and the team driving the rapid expansion.
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NewsDemand has US marinas bursting at the seams
F3 Marina began construction of its new 130ft-tall drystack marina in Ft Lauderdale last February “There’s nowhere to put ‘em.” That’s F3 Marina president John Matheson’s assessment of the US boating boom and the demand it has created for berthing and storage space, which is making marinas ...
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NewsUS Gulf coasts take a double whammy in 2020
Tropical storm Eta over Florida Eta has returned to Tropical Storm status as it passes over the state of Florida, delaying by two days the opening of the Fort Myers Boat Show, adding to the cornucopia of natural disasters – from Covid to wildfires to storms and ...
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NewsFrench boat leasing tax changes met with surprise
The French boating industry is at odds with a change in the application of VAT rules on pleasure boats purchased for hire with an option to purchase, which will impact boat rentals as well as boat purchases financed through leasing arrangements. Announced by the French government this ...
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NewsInforma completes financing programme as part of its Covid-19 action plan
New £150m bond issues and £1.850bn of short-term debt and loan placement cancelled
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NewsDream Yacht Charter wins US$1.7m judgement
A US District Court judge has let stand a September ruling awarding nearly US$1.7m to the Annapolis, Maryland yacht charter company against Reginald Cummings and his Black Travel Movement (BTM) tour agency. Cummings and BTM had until 26 October to appeal the ruling, but failed to meet the deadline, meaning ...
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