All articles by Craig Ritchie – Page 73
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NewsPremier Marine acquired by investment firm
Envision Co enters leisure marine business with purchase of luxury pontoon boat builder
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SwedenVolvo Penta | Easy Street
Volvo Penta sees its Easy Boating initiative, in combination with its focus on sustainability, as an unbeatable platform for converting today’s first-time buyers into life-long customers
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ArticleMercury | Surf’s Up
With the introduction of its new Bravo Four S forward-facing drive, Mercury Marine aims to grow its sterndrive sales riding a wave of wake surfing popularity
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Outboard enginesCummins | Opportunity Knocks
Cummins aims to grow its marine revenues with an aggressive extension strategy aimed at capturing share in the 30ft-45ft cruiser market
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Inboard enginesInboard Engines | Sector Overview
In spite of heightened competition from larger outboards and growing interest in hybrid or electric power systems, inboard engine manufacturers find themselves in surprisingly calm waters these days, navigating a comparatively stable market that’s showing signs of growth
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NewsPatrick Q1 sales up 44%, net income up 124%
US component manufacturer posts robust Q1 numbers on strength of continued strong demand for boats, RVs
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NewsHurricane Boats expands manufacturing
US fibreglass boat builder begins production at former Rinker plant
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NewsMarine Products Corp reports strong Q1 results
Chaparral, Robalo and Vortex boats parent reports 106% YOY increase in operating profit, 92% gain in net income
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NewsCanadian electric fan manufacturer expands
Caframo adds more employees and production space in bid to keep up with surging market
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NewsGarmin Q1 revenues up 25%
Double-digit growth with strong contribution from marine segment helps propel electronics manufacturer to another record quarter
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NewsAuckland yacht dealer expands
Princess, Boston Whaler dealer Sports Marine opens Westhaven location in response to growing demand for larger boats
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NewsCanadian engine builder to begin taking orders for 180hp electric outboard
Vision Marine Technologies officially launches its E-Motion electric outboard on May 1, with deliveries in Q4 this year
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NewsMarine fabric and vinyl supplier opens new central US distribution centre
Trivantage’s new facility said to triple inventory capacity while allowing faster order fulfilment
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NewsAnother record quarter for MarineMax
Second quarter revenues up 70% overall and gross margin hits 30% as America’s biggest dealership chain raises FY2021 guidance
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Inboard engines
Inboard engines | Movers and shakers
With global inboard and sterndrive markets holding their own or showing signs of growth, engine builders are unleashing a blizzard of new products and commercial partnerships in their efforts to grow market share
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NewsCanada backs down on proposed changes to boat rental licensing
Industry advocacy campaign successfully defends against proposed regulatory changes that would have made it harder for tourists to rent boats
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NewsCanadian government introduces luxury tax on boats
New budget includes luxury tax on boats valued at more than C$250,000 in spite of stiff industry opposition
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NewsNew US industry group aims to promote boating, fishing
Numerous boatbuilders align to create South Carolina Boating and Fishing Alliance
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NewsAppointment at Cummins
Nicole Lamb-Hale named vice president and general counsel, succeeding Sharon Barner
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News
German yacht-builder files for insolvency
German media reports luxury yacht builder Nobiskrug shipyard is closing its doors due to lack of orders
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