All articles by Subscriber-only – Page 6
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Will Trump tariffs trigger new logistics disruptions?
As the last pre-tariff shipments arrive in US ports from China, experts say economic uncertainty could lead to a repeat of 2021’s supply chain upheavals
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Port Denarau Marina invests in superyacht infrastructure
New jetty extension and associated dredging scheduled for completion this year
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New Jersey dealer buys marina for US$5.2m
Acquisition brings new business opportunities with expanded storage space and facilities for larger boats
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Day 2 of Balearic Superyacht Forum - superyacht refit sector in the spotlight
Accuracy of quotes, scope for standardisation, and recruiting and training enough people among issues addressed
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Johnson Outdoors Q2 revenues down, profits up
$54m lower operating expenses bring higher net results, but revenue decreases across all business segments remain a concern
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Wichard to open new mast facility in western France
The new factory will produce masts under the group’s Sparcraft brand
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Auto tariffs may impact marine parts, Trump moves to prevent tariff stacking
The NMMA continues to monitor and analyse developments
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Littelfuse Q1 revenues up 3.5%
Growth driven by solid electronics segment demand recovery and robust growth in the industrial segment
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Lower Q1 sales but stronger profits for Hubbell
Gains led by strong performance of electrical solutions segment, which includes Hubbell’s leisure marine business
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US consumer confidence sinks in April
Growing concerns over tariffs, overall economic outlook puts US consumer confidence at lowest level in five years
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OneWater sees modest FQ2 decline
Drop in new boat sales offset by US dealer chain’s other revenue streams
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Flat Q1 revenues but higher profits for Myers
Gross margin up 33%, operating income up 53% and net income up 94% YoY as internal restructuring drives efficiency improvements
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Patrick Q1 sales up 7%
Gains in RV and housing sectors offset decreases in marine and powersports segments for US components manufacturer
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French initiative to bolster leisure marine industry by region
The Occitanie region in southwest France was the first to receive help in 2024
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Alva Yachts sold to Australian firm
Acquisition creates “the world’s largest solar yachting company”
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Safe Harbor sale puts Florida marina redevelopment in doubt
St Petersburg’s Municipal Marina is now owned by global investment firm Blackstone
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Record Q1 revenues, operating income for Garmin
Net income up 20% YoY as electronics giant calls for full-year revenues in the range of US$6.85bn
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Turkish brokerage builds first in-house designed yacht
The official Benetti distributor has just launched a 12m motoryacht
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Caterpillar Q1 revenues, earnings down
US engine builder reports lower numbers across the board