All articles by Arlene Sloan – Page 19
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NewsFerretti announces jump in orders in midst of IPO
Ferretti Group reports new orders totalling more than €465 million for the first nine months of 2019, a gain of 18% over last year
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NewsNew details emerge on Ferretti IPO
According to a report on the online Market Watch financial news service, Italy’s Ferretti Group plans to list around 30% of its stock on the Milan Stock Exchange this month.
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NewsIndustry mourns loss of boating visionary Orin Edson
Bayliner founder and pioneer in mass merchandising of affordable boats died August 27 at the age of 87, but his name and legacy will long survive him – in the boating industry and at Arizona State University, where he generously supported multiple causes
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NewsHoliday weekend plans scuppered across Southeastern US
Plans for beach, boat and other shoreline outings over Labor Day weekend – typically viewed as the final hurrah of the summer season – have shifted to hurricane preparations for a dangerous storm system
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NewsSmall motorboats driving boat sales in Finland
New boat registrations saw a sigificant boost in the first half of the year, helped by warm, early Spring weather
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NewsBrunswick’s 2nd quarter results show a weakening US market
The industry’s global leader posted a solid performance for the first half of 2019, but a slowdown in wholesale shipments reflects concerns about weaker market conditions for the remainder of the year
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NewsLeading boatbuilders to benefit from large-scale charter fleet order
The Moorings, Sunsail and Footloose have announced a $130m investment in new charter products by parent company Travelopia Yachts. Jenneau, Beneteau, Lagoon and Robertson & Caine are among the brands which will be receiving orders according to the charter operator
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NewsBrunswick restructure leads to 100 layoffs, Mercury to initiate “temporary work stoppage”
Brunswick Corporation’s completed sale of the Life Fitness division has led to job cuts, while adding $490 million to the company’s acquisition coffers. At the same time its Mercury Marine division is beginning a “temporary stoppage” of some production lines.
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NewsHealthy 2018 sales for US pre-owned boats
Pre-owned boats represented 71% of all unit sales in America last year – considered a healthy level for the overall market
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NewsLewmar Marine to be acquired by Lippert Components for £33m
UK equipment maker will be LCI’s sixth purchase in the marine sector marking the company’s continued expansion into the global boating business
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NewsUS powerboat sales up in 2018
America’s NMMA continues the release of its 2018 US Recreational Boating Statistical Abstract which shows, among other positives, an 11-year high of outboard-powered new boat sales at 177,600 units.
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NewsMarine industry caught in the cross-fire of US-China trade war
Increased US tariffs include recreational boats, inboard and outboard engines, and marine parts and components
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NewsBeneteau growth outpaces market
French boatbuilder reports 6% gain in revenues for the first half of its financial year and confirms full-year growth estimate of 4-6%
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NewsBrexit brings growth to UK boating tourism
A new study reveals that boating tourism contributed over £6 billion to the UK economy in 2018
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NewsIndustry icon makes US$50m ‘transformational’ donation
Bayliner founder and pioneer in mass merchandising of affordable boats donates US$50 million towards dementia research
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NewsMore details emerge on Turkish charter crisis
As reported yesterday, Turkey appears to be prepared to ban foreign-flagged boats from operating as charter vessels in Turkish waters for the 2019 season. IBI has learned additional details from local sources about the sudden shift of policy, including a yacht charter firm active in the country for many years. ...
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NewsUS outboard engine sales reached a 12-year high in 2018
NMMA has released the first section of its annual statistical abstract detailing trends in the dynamic outboard segment
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NewsFerretti to go public?
Italy’s Ferretti Group is said to be preparing for a return to the Milan stock exchange after 15 years in private hands
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NewsLegal hurdles facing Russia's boating market
Boat show session highlights the regulatory challenges facing development of leisure boating in Russia
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NewsReed appeals Cannes show verdict
The question over which organisation will acquire the long-term rights to manage one of industry’s premier boat shows remains open
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