All articles by Subscriber-only – Page 290
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InterviewSunseeker CEO, Andrea Frabetti - The 15-minute read
Not watched the video yet? Check out the edited transcript of IBI’s recent CEO interview, with highlights including the impact of Covid-19 on the builder; its plans for Cannes and how it plans to transform its business model
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NewsTough Q1 for BRP as it exits the outboard engine business
Near 26% revenue decline in marine segment and over 40% drop in outboard sales leads BRP to discontinue production of Evinrude outboards and pursue new marine strategy including partnership with Mercury
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NewsCVC Capital Partners completes acquisition of D-Marin
Dubai Harbour Marina is included in the CVC deal Confirmation of the acquisition of the D-Marin group facilities in Greece, Croatia and the UAE by the Luxembourg-headquartered private equity group CVC Capital Partners has been belatedly received following an announcement by British Marine, the UK’s marine leisure ...
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NewsCape Town launches Blue Cape superyacht initiative
The City of Cape Town has partnered with South African ocean sports stakeholders to launch a new Strategic Business Partnership aimed at promoting marine manufacturing.
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NewsSuzuki’s marine sales grow; general manager comments on results
Suzuki’s latest annual results, released yesterday, show that its marine business was the only division of the company to record sales growth despite a sharp downturn in March 2020. By far the largest proportion of the business designated as the marine division is derived from the sales of outboard engines ...
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NewsOXE Marine publishes first quarter results
Swedish outboard engine maker OXE Marine discussed the impact of Covid-19 on the company’s results for the first quarter of 2020, ending March 31
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VideoInterview with Sunseeker’s Andrea Frabetti
IBI’s Ed Slack interviews Sunseeker CEO about post-Covid buyer demand, new production strategy, forward forecasts, and plans for Cannes
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NewsPandemic drives US boat sales
“Sales have exploded over the past four weeks.” That sentiment, expressed to IBI by Clarks Landing Yachts Sales general manager Dave Patnaude, is seemingly shared by a variety of boat dealers across the US. His two locations in Maryland and one in New Jersey have seen around US$4m in sales ...
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NewsInvincible Boats lives up to its name
Despite losing about six weeks of production to the COVID-19 pandemic, Invincible Boats is on track to reach its calendar year 2020 production goals, though its fiscal fourth quarter – which ends in July – will likely offset gains made in the first half of the fiscal year. Exempt from ...
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NewsRobertson & Caine looks to make up lost production as SA economy reopens
South Africa’s biggest yard is to ramp up production under new health and safety regulations
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ArticleThe 5 minute read: Ferretti’s Alberto Galassi interview
Not watched the video yet? Check out this 5-minute excerpt from the full transcript of IBI’s recent CEO interview, with highlights including the cost and full impact of Covid-19 on the builder; his views on prospects for a market rebound; and the memories of Covid-19 that haunt ...
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NewsMarine stocks benefit from ‘Staycation’ trend
Shares of Dometic Group, noted Bloomberg, have jumped 71% since the end of March, topping Europe’s Stoxx 600 Index for the same period.
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NewsNew Zealand faces America’s Cup dilemma
The New Zealand government is faced with losing the prestige and financial incentives of hosting the America’s Cup or giving up the huge advantage gained from its yeoman effort to contain the coronavirus early. And amid teams clamouring for information, the Kiwis are playing their cards close to the vest. ...
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InterviewFerretti Group CEO, Alberto Galassi – The 15-minute read
Not watched the video yet? Check out the transcript of IBI’s recent CEO interview, with highlights including the cost and full impact of Covid-19 on the builder; his views on prospects for a market rebound; and the memories of Covid-19 that haunt him
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NewsPolish cat builder to double revenues in 2020
Sunreef CEO and founder Francis Lapp As Polish boatbuilders continue their production activities despite the coronavirus lockdown, luxury catamaran builder Sunreef Yachts says it expects to double its revenues this year to around €130m (US$141m), and has a full book order until the end of 2021. Francis ...
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NewsCroatia’s open borders to kickstart yacht charter market?
The opening of Croatia’s borders to allow EU citizens to visit without any quarantine restrictions is expected to trigger the restart of the yacht charter market, which has already started to pick up since the weekend. In particular, boat owners and visitors from Germany, Australia and Slovenia are anticipated to ...
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NewsQuestion marks hang over future of Perini Navi
Speculation circulating in Italy today suggests that Perini Navi, a leading sail and motor superyacht builder, is suffering severe financial issues which may result in it entering bankruptcy while a restructuring plan is developed and implemented. The source of the speculation was an article into today’s Milano Finanza, an Italian ...
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VideoIBI speaks with Alberto Galassi
Ferretti CEO speaks with IBI editor Ed Slack on how the Italian yard is fighting Covid-19, the future of boat shows and how the builder is transforming its business to meet the challenges of the ‘new normal’
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NewsThe ‘new normal’ - German boat dealers on what the future holds
Regional differences build a surprisingly nuanced picture of what the sector can expect
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NewsAs US Northeast reopens, marine businesses hope to salvage the season
As states throughout the US begin reopening their economies in phases, in the Northeast, boat dealers, rental operators and charter companies are facing an uncertain season; already shortened due to stay-at-home orders and not being included in Phase 1 openings. In New York state, where charter fishing operations remain closed, ...
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