Latest News – Page 460
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NewsUS boat sales hit 13-year high in 2020; boom to continue
With heightened interest in outdoor recreation and ways to social distance, consumer demand for new boats is expected to carry over into 2021 and beyond
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NewsBurgess moves from profit to loss
Difficult market conditions caused 24% drop in turnover to £16.63 million for UK yacht brokerage firm
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NewsSt Petersburg Power and Sailboat Show to take place next week
The Informa Markets-organised St Petersburg Power and Sailboat Show in St Petersburg, Florida is set to go ahead next week.
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NewsNew Navico distributor for France
Navico, parent company to the Lowrance, Simrad, B&G and C-MAP brands of marine electronics, has chosen Kent Marine Equipment to distribute its complete range of products in France and the French administered territories.
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NewsMercury Marine installs solar array at global HQ
Mercury Marine, a division of Brunswick Corp, today announced the installation of its first array of photovoltaic solar panels to be put to use at its world headquarters campus in Fond du Lac, Wisconsin.
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NewsSeakeeper expands presence in Asia
US-based marine stabilisation specialist Seakeeper has announced that its Pacific distributor, Twin Disc Pacific, has added Asia to its distribution territory.
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NewsS2 Yachts consolidates Tiara brands
S2 Yachts, builder of the Tiara Yachts and Tiara Sport brands in the US, has announced that it is now marketing both marques under the Tiara Yachts banner.
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NewsHiscox MGA sells marine business to Nexus Group
Nexus Group completed its acquisition of the Hiscox MGA marine business (HMM) on December 30, 2020. The sale was implemented via an asset purchase into Millstream Underwriting Ltd, a Nexus Group company which specialises in consumer insurance. Hiscox is known as a leading insurer of superyachts.
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NewsQM Industries in joint venture with Multiflex Marine
QMI-Multiflex to supply and manufacture marine steering systems, cables, controls and accessories for the US market
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NewsPolaris announces executive appointments
Minnesota, US-based boat and powersports equipment manufacturer Polaris Inc has announced three executive appointments following the departure of former CEO Scott Wine on December 31.
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NewsEU, China sign tentative trade and investment accord
The deal still needs to be approved by the 27 EU governments and the European Parliament
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NewsDubai International Boat Show to go ahead in March
The organisers of the Dubai International Boat Show (DIBS) have confirmed that this year’s show will be held from March 9-13, 2021. This follows the postponement of DIBS 2020 from March last year to November, which was then subsequently cancelled.
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NewsSafe Harbor Marinas buys Rybovich
Dallas, Texas-based Safe Harbor Marinas acquires US superyacht service provider
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NewsLawsuit ends in $25.16m judgement against Tracker Marine
The long-running class action against the US builder was finalised on December 30 for charging buyers a $75 fee for documentation
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NewsAkzoNobel boosts North American presence with New Nautical Coatings purchase
In a multimillion investment, global paint and coatings manufacturer AkzoNobel NV said it would significantly increase its market presence in North America and the Caribbean with the acquisition of New Nautical Coatings Inc, the owner of the premium Sea Hawk coatings brand. While no transaction figures were divulged about the ...
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NewsMalibu acquires Maverick for strategic, complementary hull and price point expansion
Malibu Boats has acquired the four brands of the Maverick Boat Group, expanding production capacity and distribution potential in what the parent company is calling a “strategic transaction that complements Pursuit and expands Malibu’s saltwater outboard offerings in boat type and price point.” Maverick, and its founder Scott Deal, are ...
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NewsLazzara Yachts Group names new EVP
Florida, US-based boatbuilder Lazzara Yachts Group has appointed Nils C Nelson as its new executive vice president. Nelson will lead the sales, business development, and customer service activities for the group, as well as using his varied industry experience to advance the company’s objectives.
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NewsOneWater buys eight Florida marinas and boat dealerships
The US retail giant has further expanded its presence in Florida with the acquisition of two more yachting businesses, including the company’s largest acquisition to date.
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NewsPost-Brexit, EU-Britain free trade deal can be an obstacle race
The EU-UK Trade and Cooperation Agreement inevitably presents hurdles for Europe’s boating and related sectors on both sides of the English Channel – from VAT to border red tape, from travel curbs to rules of origin. Recognition of professional qualifications is at stake. There will be free trade in goods, ...
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NewsUK yacht brokerage gets new owner
UK-based yacht dealership and brokerage firm Key Yachting has been taken over by Thinking Space Systems, a technical furniture company owned by Wayne Palmer and Hayley Quinn.
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