All articles by Subscriber-only – Page 7
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Yamaha predicts headwinds in marine
Excellent first-half results mainly due to motorcycle business; marine expected to decline
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Caterpillar Q2 revenues down, adjusted profits up
Single-digit revenue decrease offset by record adjusted operating profit for US engine builder
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Expedition superyacht under arrest in South Africa
Enigma XK has been berthed in Cape Town for several months
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Johnson Outdoors Q3 revenues down 8%
US electronics, watercraft builder to “evaluate all aspects of the business” in face of continuing losses
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Polish builder reports increased US, Asian demand
The company is currently promoting its two latest models
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Damen Shipyards reports record 2023
Dutch builder’s revenues pass the €3bn mark for the first time
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Larnaca port & marina development split into separate projects
Cyprian government approves request for split in effort to move the project along
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KVH Q2 revenues dip by 15%
Quarterly result includes $1.2m in employee termination costs related to wind-down of satcom terminal manufacturing business
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Extreme Cape Town weather inspires new HopYacht design
South African builder collaborates with North Sails to create new helm station enclosure
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Polish subcontractor intensifies efforts to promote own brand
Wiszniewski Yachts is also planning the launch of a second motoryacht model of 48ft
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SA composites firm grows footprint following acquisition
Aerontec is now owned by global composites distributor The Biesterfeld Group
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Mixed Q2 for Myers Industries
US fuel tank builder posts revenue gains but lowers full-year guidance on continued softness in recreational end markets, including marine
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Cummins posts record Q2 revenues of $8.8bn
US engine builder reports record sales and higher profitability in strong second quarter, leading it to raise full-year guidance
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IEMA to set up headquarters in Barcelona?
The International Electric Marine Association has its sights on the Catalan capital
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Garmin Q2 revenues up 14% to record $1.51bn
Electronics giant marks fourth consecutive quarter of double-digit growth, with marine segment revenues up 26%
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Tough FQ3 for OneWater, guidance adjusted downward
CEO blames progressively weaker market environment for fiscal decline
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Hubbell Q2 revenues climb 6%
Electrical Solutions segment, including Hubbell’s leisure marine business, down 2% despite margin expansion and operating profit gains