Latest Company News – Page 220
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NewsFire destroys Rhode Island boatbuilding facility
A fire at Wickford Shipyard in Rhode Island early Tuesday morning destroyed the building housing George W Zachorne Jr and Sons, a builder of wooden sailboats since the 1980s, as well as Coastal Ironworks.
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NewsFerretti continues strong financial performance
The strong 2018 fiscal performance of the Ferretti Group, now comprising eight brands following the acquisition of Wally earlier this year, has continued into the first half of 2019. Complementing this is a €350m increase in capital from the group’s two shareholders, Weichai and Ferrari, and the prospect of an ...
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NewsSunseeker secures shareholder funding for next five years
Sunseeker International’s recently appointed CEO, Andrea Frabetti, confirmed at the company’s Cannes Yachting Festival press conference that its Chinese majority shareholder, Dalian Wanda, has committed £50m for new product development between 2019 and 2024.
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NewsNew models from Beneteau Group, but strategy remains under wraps for now
Beneteau Group kicks off rain-soaked Cannes show with announcement of new boat concepts and models
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NewsSunreef to develop new power superyacht range
Polish catamaran builder Sunreef Yachts announced at the Cannes Yachting Festival that it is to launch a new range of power catamarans which will include both superyacht-sized models and smaller sizes with superyacht styling.
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NewsSchmitt & Ongaro expands in Europe
Schmitt & Ongaro Marine Products in the US has signed two new distributors in Europe – UK-based Hypro Marine and Jan Comstedt AB in Sweden. Company president Tim Schmitt made the announcement.
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NewsBlue Sea Systems fully operational after fire
Eight months after fire took out its warehouse and some US$3m in inventory, Blue Sea Systems in the US has a new facility that is fully operational and all 75 employees of the company are back at work.
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NewsSanlorenzo to implement IPO by year-end
The pace of development at Italian superyacht builder Sanlorenzo continues apace. At its annual Cannes Yachting Festival press conference, the yard covered topics including an upcoming IPO, new models in existing ranges, two new model ranges – one in the Yacht Division and the other in the Superyacht Division – ...
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NewsSunseeker names new US dealer
Grande Yachts International to serve clients in various states and regions of America including Boston, Chesapeake Bay, Florida (excluding Miami and Monroe County), and a number of the Southern states
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NewsHonda updates large outboards
Targeting what it calls the “heart of the boating market”, Honda Marine has released new versions of its three largest outboard motors.
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NewsBluegame expands with new models and entry into multihull market
A major expansion of the Bluegame brand, under the Sanlorenzo umbrella, was announced at the start of the 2019 Cannes Yachting Festival.
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NewsPrototype British ‘superyacht’ to be restored in SA
A British motoryacht considered to be the first major yacht construction of superyacht specialists BCTQ is about to be restored in South Africa.
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NewsAncasta opens third sales office on Mallorca
Ancasta International Boat Sales is to open its third sales office in Mallorca next year at Alcudiamar Marina. The premises, situated in the heart of the 745-berth marina, will undergo a full refurbishment through the winter months and will open in spring 2020.
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NewsDutch sailboat builder begins new motoryacht project on spec
KM Yachtbuilders, a Dutch specialist in manufacturing aluminium, go-anywhere performance sailing yachts of up to 100ft in length, has started on a 16m (53ft) motoryacht project.
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NewsGreek equipment firm launches UK company
Lalizas, the Greece-based safety equipment manufacturer, has announced the opening of a UK company, Lalizas UK.
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NewsWest Marine recognises top marine vendors
US-based marine equipment retailer West Marine recognised eight of its top vendor partners last month at the company’s 25th annual Very Important Vendor (VIV) awards.
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NewsAstondoa appoints exclusive US dealer
Spanish shipyard Astondoa has chosen Rick Obey Yacht Sales to serve as its exclusive dealer in the US Northeastern States, the US West Coast, and the US State of Florida with the exception of Miami Dade and Monroe Counties.
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NewsSunseeker to grow Norwegian presence
The UK’s Sunseeker International has appointed a new authorised dealer in Norway as part of its continued focus on strengthening its international dealer network.
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NewsElling Yachting returns to US market
Elling Yachting is returning the United States where its sales have picked up in recent years.
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NewsPrincess at ‘loggerheads with Unite union’
On the day that Princess Yachts sent out a story about its success through 2019 and that it had doubled the number of apprentices it had appointed, a row with the UK trade union Unite has arisen over the fact that around 100 people are to be laid off.
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