All articles by Subscriber-only – Page 295
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InterviewHatteras Yachts | Gary Smith
New Hatteras CEO talks to IBI about his objectives and plans for the business going forward
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NewsLawyers’ statement in Sunseeker dispute
Lawyers acting on behalf of the prospective owners of a 74ft Sunseeker yacht, which was impounded by US marshals at the Fort Lauderdale International Boat Show in November, have made the following statement after the recent Federal Court ruling that the yacht should be returned to Sunseeker USA: “Mr and ...
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NewsLürssen to build replacement superyacht for one lost in fire
The German yard has at least nine contracts with an average length of 115m on order
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NewsCoronavirus tests stability of global supply chains
With large parts of China still subject to lockdowns and travel restrictions, manufacturers face continuing uncertainty over delivery schedules for parts and components As China struggles to contain the COVID-19 coronavirus outbreak that has infected more than 73,000 people worldwide and killed nearly 2,000, marine equipment manufacturers ...
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NewsGarmin earnings sends shares to 12-year high
The electronics maker’s stock price surged yesterday on the company’s report of Q4 and 2019 results which beat Wall Street’s expectations. Revenues for the fourth quarter totalled $1.1 billion, including a 22% rise in marine sales.
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NewsEU revises financial status of key yachting markets
In financial deliberations of the past few days, the EU has revised the status of two key yachting countries in terms of financial listings. The two states involved are the Cayman Islands and the Marshall Islands, both of which are leading flag registration countries for superyachts. In respect of the ...
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Market Overview | France
Ten years after the 2008 financial crisis, a smile has returned to the faces of leisure boat professionals in France. But the good results are mainly from exports as the home market remains lacklustre
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Market Overview | Italy
Italy’s industry is riding high, but can the growth rate be sustained? Exports and confidence continue to rise as the industry gets ready for what it predicts will be another good year
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Market Overview | Canada
One step forward, one step back – a turbulent trade landscape has presented its share of challenges to the Canadian boat industry, where it seems like every win is met with another fresh roadblock
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InterviewNavico | Knut Frostad
Navico’s new CEO Knut Frostad shares his views on the shape of the industry to come, from auto docking and increasing levels of automation to why we should be looking to the smart home market, rather than the automotive sector, for inspiration. He says a movement to take the ...
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NewsSeaStar/Dometic integration nearly complete, poised for international growth
The two-year-old acquisition of SeaStar Solutions by Swedish ’mobile living’ supply giant Dometic has nearly fully integrated the two companies, and its leadership introduced new products, branding and aggressive growth plans targeting US$1bn in marine sales at the recent Miami International Boat Show (MIBS). ‘SeaStar by Dometic’ will build on ...
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NewsUkrainian government backs building of largest marina in the country
Ukranian President Vladimir Zelensky has supported the implementation of one of the most ambitious projects in the history of Ukraine’s leisure marine sector – the building of a new yachting complex and marina in Yuzhne, a port city on the Ukranian Black Sea coast.
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NewsMarquis Yachts in for the long haul; sale imminent
CEO Rob Parmentier: A deal could come as early as this week or next
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NewsGrand Banks reports 10-year high for order book
Singapore-based boat builder of the Grand Banks and Palm BeachMotor Yacht brands posted a strong first half with a 66% increase in net profit to S$2.0 million (US$1.5m) and a net order book worth S$64 million (US$46m); the company’s Palm Beach GT60 (above) makes its debut at the Miami show ...
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NewsIn difficult times, Belgian boating sector shows its can-do
The annual Belgian Boat Show in Ghent is roaring back There are no more boatbuilders in Belgium. Belgian boaters are greying, hurting sales and marinas. But the Belgian sector is making good tracks in undoing the damage of changing market conditions. The annual Belgian Boat Show in ...
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NewsSanlorenzo’s 2019 preliminary results show 39% growth in revenues
Following its IPO in December, Italian yachtbuilder Sanlorenzo posts strong gains in sales and profitability with EBITDA up 73.4% to €66m
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NewsChinese companies struggle to meet commitments
Many marine companies in China are still unable to recommence production after the extended three-week New Year shut down.









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