All articles by Subscriber-only – Page 270
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NewsHanseYachts continues its financial restructuring strategy
German boatbuilding group, HanseYachts AG, reported today continuing reorganisation of the company’s financial structure for its future strength. The company’s brands include Hanse, Dehler and Moody sailboats, Fjord and Sealine powerboars, and Privilege sail and motor catamarans.
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NewsMercury Marine and Beneteau strengthen partnership
Mercury Marine, a division of Brunswick Corp, has announced an expanded partnership with Beneteau on a global scale to leverage both companies’ leadership position and offer Beneteau customers Mercury power on all 2021 models. The announcement comes exactly two years to the day when Mercury Marine and Beneteau announced a ...
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NewsMARIN takes on edgy, climate change-related research
MARIN recently tested floating islands to see if they can support living and working conditions at sea The Maritime Research Institute Netherlands (MARIN) is getting into research that is miles from the bread-and-butter tank testing that over the past 85 years made it the world’s largest, independent ...
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NewsGrand Banks achieves Q1 profitability
Despite dampened business sentiment due to the COVID-19 pandemic, Grand Banks Yachts Ltd recorded quarterly revenue of S$24.6 million (€15.2m) for the three months ending 30 September 2020 – a dip of 5.7% compared to the same quarter last year. The Singapore publicly-listed company – parent of the Grand Banks ...
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NewsUS outdoors industry can lead economic recovery
Senator Martin Heinrich tells Outdoor Recreation Caucus Hill Briefing that the time is right for a national outdoor recreation plan
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NewsOutdoor Network to manufacture OXE outboards in Georgia
The new facility will produce the complete line-up of OXE diesel outboard engines from 125hp through to 200hp. Currently manufactured in Sweden, but as reported by IBI in May this year, Outdoor Network (ODN) was successful in winning the contract for US production. At that time Tom D’Azevedo, chairman and ...
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NewsNexus Yachts expands facility following joint venture success
South Africa’s Nexus Yachts has almost doubled the size of their St Francis Bay facility on the back of their successful partnership with Balance Catamarans. Nexus general manager Roger Paarman this week confirmed the company had added a further 2,000m2 of factory space this year, bringing their total footprint to ...
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NewsAmidst Covid-19, Catana posts annual sales growth
French catamaran builder, the Catana Group, reported its 2020 fiscal year results with a strong rebound in the last quarter ending August 30
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NewsWinnebago releases strong Q4 and FY 2020 results
Chris-Craft credits new model introductions for record Q4 sales and production backlog through spring 2021
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NewsVittoria Shipyard adds yacht division
Tapping into a century of experience with military and civil shipbuilding, Italy’s Vittoria Shipyard is moving into the luxury sector, announcing a new yacht division with three product lines. Michele Zorzenon was named managing director for the yacht group under the shipyard president Paolo Duo, a fourth-generation member of the ...
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NewsRising Covid cases in Germany force cancellation of Berlin Boat show
Fair postponed until 2021, Best of Boats Award to go ahead
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NewsAkzoNobel reports “excellent” Q3 results
The results show AkzoNobel sales reclaiming ground lost to the Covid-19 pandemic
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NewsNordhavn appoints Turkish build partner
The Nordhavn 41 is being built at Telgeren & Partners in Turkey One of the world’s leading trawler brands, Nordhavn, has started to work with a Turkish shipyard. Telgeren & Partners recently completed and launched the Nordhavn 41 at its facilities in Ayvalık, Turkey. Nordhavn will continue ...
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NewsArksen starts construction of first explorer yacht
85ft Project Ocean to be flagship for initial three models with larger ones in planning
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NewsPortuguese maintenance firm Sopromar expands as international demand grows
Algarve-based yard invests in increasing capacity and new management software
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NewsIndonesia opens up to foreign-flagged yachts
In response to the sizeable number of yachts that have been left stranded in Asia-Pacific waters due to cyclones and restrictions on sailing in various locations in the region due to Covid-19, the Indonesian government
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NewsHISWA: second lockdown undermines Dutch charter firms
The Netherlands’ second coronavirus lockdown in 2020, announced October 14, is a stab in the back for boating companies active in group accommodations like charterers, says Geert Dijks, head of the HISWA-RECRON watersports and recreation sector. Dijks said a negative mid-September travel advice in Germany and Belgium triggered “massive cancellations ...
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NewsVolvo Penta posts strong Q3 profitability
Volvo Penta saw improved profitability on flat sales for Q3, with a large uplift in service sales attributed to the high level of summer boating activity; the division also provided engine delivery and order numbers for the first nine months of the year
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NewsDubai International Boat Show cancelled
The Middle East’s premier marine leisure industry event, the Dubai International Boat Show (DIBS), due to take place November 24-28, has been cancelled with the next edition of the show scheduled for March 9-13, 2021. This year’s show was originally to have been held in March but was moved to ...
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