All articles by Subscriber-only – Page 281
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NewsHigher profits offset lower Q2 revenues for BRP
Recreational products manufacturer BRP said Q2 delivered better than expected results driven by strong worldwide retail demand for its portfolio, including PWCs and boats. Wind-down of the Evinrude outboard business was reflected in a 35% drop in marine revenues.
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NewsQ4 plant shutdowns drag down full-year revenues for Malibu
Challenging fourth quarter leads to 4.5% net sales decline for FY 2020, but company looking to grow share in 2021 with new model introductions
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NewsVanquish ramps up production as its targets US offshore recreational fishing market
New luxury sportfish superyacht on the drawing board
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NewsGovernment audit clears Team New Zealand in America’s Cup controversy
No evidence of financial wrong doing or misappropriation of funds
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NewsVoodoo Yachts wins order for five foiling powercats
Pachoud Yachts’ Voodoo brand gains momemtum
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NewsOyster CEO & Owner, Richard Hadida - The 15-minute read
Not watched the video yet? Read the transcript of IBI’s recent Oyster interview, where owner and CEO Richard Hadida explains why business is booming; plans for new models; and how he’s revolutionising production
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NewsRolls-Royce launches Power Lab to develop future fuel technologies
Marine focus on innovative and net zero carbon drive and energy solutions
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NewsNew diesel outboard launched
British firm testing new 50hp diesel outboard ready for delivery in 2021
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NewsWajer adds ‘Foil Assist’ to 38, 38 S models for more comfort
Preliminary technical research shows ‘Foil Assist’ cuts fuel use by 10 to 20% and boosts maximum speed
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News2020 Q4, full-year sales down for Twin Disc
Covid-19 impacts and soft commercial markets lead to 18% YOY revenue decline for US equipment manufacturer
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NewsMercury enters surf runabout segment with new forward-facing outdrive
Mercury’s new Bravo Four outdrive marks the company’s entry into the lucrative surf runabout segment Mercury Marine has introduced a new Bravo Four S forward‑facing outdrive, positioning the company to enter the rapidly-growing surf runabout segment. Utilising twin counter-rotating propellers mounted on its forward face, the new ...
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NewsNova Luxe acquires SA yacht-builder
Just one year after launching its first all-electric yacht, US-based Nova Luxe has acquired South African yacht-builder Scape, according to a company statement. Scape has been producing highly efficient catamarans primarily for the charter fleet market for more than 15 years. Nova Luxe plans to adopt the Scape models to ...
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NewsUS study says cost of onshoring supply chains from China could top $1 trillion
A new study by US-based Bank of America shows a growing appetite among manufacturers for repatriating overseas production in spite of potentially high costs A new research paper published by the Bank of America (BofA) notes an emerging shift among North American and European manufacturers toward onshoring ...
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NewsGYG issues strong first-half trading update
CEO Remy Millott: “The team’s focus on improving margins is starting to flow through” Global Yachting Group (GYG), the UK-based superyacht painting, supply and maintenance firm, has issued a positive first-half trading update for the six months ended June 30, 2020. The announcement comes not long after ...
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NewsGenting HK plans debt restructure
Hong Kong-listed Genting HK has been forced to take desperate steps to address the serious financial impact of Covid-19 on its core activity as the largest cruise ship operator in Asia. It owns Star Cruises, Dream Cruises and Crystal Cruises. Tan Sri Lim Kok Thay, Chairman & Chief ...
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VideoIBI speaks with Oyster CEO Richard Hadida
IBI’s Ed Slack speaks with Richard Hadida, Owner and CEO of UK-based luxury sailboat builder Oyster Yachts about order levels, current operations, the focus of new investments and product launches and boat show plans.
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NewsZin Boats looks to be ‘Tesla of the sea’
The Z2R can reach speeds of well over 30kt After 20 years designing racing sailboats while working for the likes of BMW and General Motors, Piotr Zin moved to a houseboat on Seattle’s Lake Union and started becoming concerned about the future. “The reason I started working ...
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NewsCanadian power equipment builder targets Europe
Xantrex hopes to build its European business on a new line of 230V inverter-chargers Burnaby, Canada-based electrical equipment manufacturer Xantrex aims to build its export business with a new product line developed specifically for the European market. The company says that its newly-announced Freedom XC 230V inverter/charger ...
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