Latest Company News – Page 173
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NewsKiwi amphibious builder faces NZ$6.8m damages claim from rivals
After losing a protracted legal battle over copyright infringement, New Zealand amphibious boat builder Sealegs has been slapped with a NZ$6.8m damages claim ”plus a further amount to be quantified for reputational damage” from its two largest rivals. The damage claim stems from Sealegs’ 2016 allegations that Orion Marine and ...
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NewsCustom Line reports record year
Custom Line, part of Italy’s Ferretti Group, has reported a significant rise in its order book, with yachts totalling over 200m sold in the last three months.
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NewsOyster Yachts in third recruitment drive within 12 months
UK yacht manufacturer Oyster Yachts is once again looking to expand its workforce to help deliver its full order book.
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NewsSpanish yacht design studio achieves laser scanning milestone
The Bravo Yacht Design Group (BYD Group) in Spain has just passed a milestone in respect of its use of high-tech laser scanning techniques, having worked on its 200th yacht scan. The total length of these yachts is in excess of 2,500m (8,208ft).
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NewsVision Marine named one of five promising stocks for the new year
Vision Marine Technologies has been cited as one of five promising stocks in five different market segments by investment firm Safehaven. In an online analysis, writer Alex Kimani details that while some sectors of the economy – like the travel and energy sectors – were devastated by the Covid-19 pandemic, ...
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NewsPure Watercraft secures US$37.5m funding for electric outboards
US-based Pure Watercraft closed a US$37.5m Series A round of funding on Friday, which includes a previously announced US$23.4m. The oversubscribed funding round was led by venture capital and private equity firm L37, whose managing partner Randall Ussery will take a seat on the Pure Watercraft board of directors. “We ...
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NewsHype launches luxury yacht rental in India
Luxury car rental company Hype has moved into the luxury yacht rental business. Customers can now rent out yachts for birthdays, anniversaries and other special occasions, with a variety of yachts available depending on their requirements. The service is currently available in Mumbai and Goa. A fleet of Bayliner 340, ...
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NewsOne injured in fire at Nautique plant
One person was injured in what is described as a “small, contained fire that was quickly extinguished” at the Nautique Boats manufacturing plant on the East Orlando, Florida campus of parent company Correct Craft Thursday afternoon. Fire officials told clickorlando.com that the fire was snuffed in just under 30 minutes ...
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NewsGlomex forms new US distribution network
Ravenna, Italy-based Glomex s.r.l. has partnered with Baltimore, US-based GA Communications to form a new business venture which will function as the exclusive distributor of Glomex’s full range of marine and RV products in North and South America.
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NewsMarineMax CEO: “Many years of great things ahead”
MarineMax CEO and president Brett McGill believes the US recreational boating industry has “many years of great things ahead” and that the Covid-19 pandemic-induced boating boom has permanently expanded the market, setting the stage for “many, many years of growth” ahead of it. But it has also hastened a change ...
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NewsVeethree names exclusive Swedish distributor
Veethree Group, the US-based manufacturer of digital displays, gauges, sensors and senders, has entered full production of its new VeeConnect digital switching system and has chosen Comstedt AB as its exclusive distributor for Sweden.
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NewsSuccessful year for Sanlorenzo as it rounds out year with 86 projects in pipeline
Order book on par with 2020
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NewsHPi-CEproof becomes first Approved Body to issue new ‘UKCA mark’ certificates
UK-based marine compliance specialist HPi-CEproof is to auction what it says is the first UKCA RCR certificate of conformity for charitable causes.
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NewsUS boat purchasing group names Navico preferred supplier
Norway’s Navico® has been named preferred Marine Electronics Supplier by a collorative group of 61 American boat builders
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NewsMercury Marine’s 1st Mate named as CES 2021 Best of Innovation Honoree
Mercury Marine’s 1st Mate Marine Safety and Security System has been named a CES 2021 Innovation Awards Best of Innovation Honoree.
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NewsIridium launches new GMDSS service
Satellite communication service provider Iridium announced Tuesday that the company has launched a compact and comparatively low-cost Global Maritime Distress and Safety System (GMDSS) that it says brings an enhanced level of maritime safety to smaller vessels.
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NewsWake sports boat makers make a splash with big gains to start the week
Two Tennessee-based US wake sports builders both had a big day on Wall Street Monday, as shares of MasterCraft Boat Holdings climbed nearly 5% while Malibu Boats soared nearly 8%.
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NewsPalumbo SY Refit opens service point covering Central America and the Caribbean
Palumbo SY Refit, a leader in the refit and repair of sailing and motor yachts, has established its first service point covering the Central America and Caribbean area.
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NewsAzimut Yachts strengthens SE Asian presence
Italy’s Azimut Yachts has strengthened is presence in South East Asia with the appointment of Tam Son Yachting as its authorised dealer in Vietnam.
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NewsFrench marine electronics group changes hands
Founded in 1984 under the name Micrel, France’s nke Group has new shareholders
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