All articles by Craig Ritchie – Page 92
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Busy spring for Royal Huisman
Spring 2019 has been a busy one for Dutch yacht manufacturer Royal Huisman, with the opening of a new, second location on the Amsterdam waterfront and considerable progress made toward completion of the fast motoryacht Project Phi.
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Executive appointment at KVH
Middletown, Rhode Island-based mobile connectivity supplier KVH Industries Inc has named Ken Loke vice president-Asia Pacific.
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New president named for White River Marine Group
Springfield, Missouri-based White River Marine Group, the marine manufacturing division of retail giant Bass Pro Shops, has confirmed that Zach Kauk will succeed retiring president Les Crawford effective September 1.
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New owners for Marathon Boat Group
US boatbuilder Marathon Boat Group (MBG) has been acquired by Chicago-based private equity firm Altair Investments Inc. Terms of the transaction were not disclosed.
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Suzuki posts strong 2018 marine performance
Global financial results for the 2018 fiscal year released by Suzuki Motor Corp reveal strong performance by its marine division
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Twin Disc opens distribution centre on heels of strong Q3 results
May has proven to be a good month for Wisconsin-based marine power transmission manufacturer Twin Disc Inc, as the company announced the completion of new global distribution centre and plans to expand a second facility on the heels of strong third quarter results.
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US drops Section 232 tariffs against Canada, Mexico
Friday afternoon’s announcement that the US government has rescinded its Section 232 tariffs on aluminium and steel imported from Canada and Mexico, and the corresponding removal of Mexican tariffs on US-made boats, are being interpreted as key steps toward ratification of a new free-trade deal to replace the 25-year-old North ...
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KVH sells Videotel division to focus on core initiatives
Middletown, Rhode Island-based KVH Industries Inc has sold its maritime training business known as the Videotel group of companies to an affiliate of Oakley Capital for US$90m in order to focus on core strategic initiatives.
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Record attendance for Smoker Craft’s 2019 Vendor Day
Multi-line US boatbuilder Smoker Craft Inc welcomed more than 200 individuals representing 90 of its suppliers to the company’s 2019 Vendor Day, held earlier last week. The large turnout represented a new record attendance for the company’s annual supplier meetings.
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Positive Q3 for Malibu
Increases in both unit volumes and dollars-per-unit drove strong third-quarter results for Malibu Boats Inc on the strength of a surging US boat market.
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Canada rescinds 10% tariff on US-made boats
Removal of retaliatory tariffs seen as a critical first step toward elimination of US section 232 tariffs and ratification of USMCA trade agreement
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Canadian government seeks comment on proposed PFD, signal standards
Consultation period for potential amendments to safety device regulations concludes May 17
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NMMA Canada to release initial 2018 Statistical Abstract sections on May 10
New data expected to clarify impacts of retaliatory tariffs on boat imports, sales
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Organisers aim for expanded 2019 Anacortes Show
More than 300 boats to be displayed at Northwest Marine Trade Association’s second-year event
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FLIR reports solid Q1 results
Sensing technology manufacturer posts higher revenues, margins, profits and earnings
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Marine Products Corporation posts higher Q1 sales
Chaparral, Robalo Boats parent posts 7.1% revenue gain for its first quarter of 2019
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Great Outdoors Group names new CMO
Parent to US boatbuilder White River Marine Group and retail chains Bass Pro Shops and Cabela’s, names Jamie Sohosky as new chief marketing officer
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Yamaha enters into MoU to develop autonomous-driving technologies
Yamaha Motor Co, Vietnamese information technology company FPT, and urban developer Ecopark have entered into a memorandum of understanding (MoU) to develop autonomous driving technologies that could ultimately have applications in marine environments.
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KingFisher named one of Canada’s best-managed companies
Vernon, British Columbia-based boatbuilder KingFisher Boats has been named one of Canada’s top employers as part of the 2019 Best Managed Companies program.
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Boating BC announces 2019 grant and sponsorship recipients
Boating BC, the recreational boating industry trade association for Canada’s westernmost province, has announced that it will award more than C$20,000 in grants and scholarships to support a wide range of initiatives aimed at positively impacting recreational boating opportunities in British Columbia.