Latest News – Page 461
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NewsBoat Fix appoints new CEO
Connecticut, US-based telematics/marine customer service provider Boat Fix has named Penny Searles as its new CEO, with immediate effect.
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NewsUS RV shipments expected to jump by near 20% this year
Full-year wholesale sales expected to eclipse 500,000 units in 2021
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NewsCovid-related yacht incidents in Australia and Solomon Islands
Two incidents involving Covid-19 related cases occurred in Australia and the Solomon Islands in December.
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NewsTeledyne to acquire FLIR Systems
Raymarine parent company, FLIR, enters into $8 billion deal with digital imaging and instrumentation specialists Teledyne. Yesterday’s announcement and follow-up Q&A with analysts hint at the near-term future of FLIR’s portfolio, including Raymarine
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NewsYamaha Marine reorganises and announces management changes
With the objective of strengthening its overall marine business strategy and to increase value, Yamaha has announced that its current engine and boat sections will be progressively dissolved, and the marine business operations will be reorganised according to their specific functions. In order to accelerate marine product development and to ...
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NewsPrincess Yachts trading update highlights strong 2019-20 performance
The UK builder’s £600m order book extends into 2022 with company poised for further growth
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NewsBoats Group $850 million sale update
New owners of the international online brokerage service believe the boating industry has many unmet needs
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NewsInternational Superyacht Summit in Dubai is postponed
The organisers of the annual International Superyacht Summit in Dubai have announced a postponement of this year’s event, which was scheduled to run in March, until later in 2021. In a statement issued today, the organisers, Dubai-based Fabulous Yachts which runs the event under the patronage of P&O Marinas, said: ...
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NewsLippert acquires boat seating business
US-based Lippert Components expanded its holdings in the marine sector with third acquisition in 2020
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NewsVancouver Boat Show to go virtual
The Vancouver International Boat Show, normally held at BC Place with an in-water element at Granville Island, will be replaced in 2021 with a newly-announced virtual show Organisers of the Vancouver International Boat Show have confirmed plans to replace the cancelled 2021 event with a virtual boat ...
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NewsObituary: Bilgin Özkaynak
Bilgin Özkaynak, founder and owner of Marmaris Yacht Marina in Turkey, has passed away following an illness. His funeral was held in Istanbul on January 3.
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NewsGibraltar to join Schengen, minimising Brexit impact for yacht visitors
Under draft deal Spain extends Schengen arrangements to include Gibraltar
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NewsHatteras wants $2.5m lawsuit over custom yacht dismissed
Lawrence Smith filed a lawsuit last November against US boatbuilder Hatteras/Cabo Yachts over a $10.1m motoryacht. Smith entered into an agreement for the boat, a 2021 model Hatteras M98 Hull 101, in August of 2019 with an estimated delivery date of February 2021. But in March 2020 Smith was told ...
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NewsCatalina Yachts EVP to retire
Gerry Douglas announces plans to step down from executive vice president role at US sailboat builder
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NewsInvestors in boatbuilding – the successes and failures of the past seven decades
International Boat Industry (IBI) will be presenting a three-part series starting on Thursday which tracks mergers and takeovers in the boatbuilding business and the outcomes for strategic and financial investors from the 1960s to the 2020s.
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NewsFormer Ferretti owners purchase the Boats Group for a reported $850m
The private equity firm Permira, which had a controlling stake in Ferretti in the early 2000s, has re-entered the marine leisure industry by acquiring Boats Group from fellow private equity investors, Apax Partners. Although the deal was struck on the 29th of December, the transaction value was not disclosed either ...
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NewsChris Craft is part of Winnebago Q1 gains
Strong consumer interest in the outdoors continued to drive sales, revenues and profitability in the first quarter, ending 28 November, for the manufacturer’s portfolio in recreational vehicles and Chris Craft boats
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NewsHeesen sells fifth superyacht of 2020 and second in December
Dutch superyacht-builder Heesen is ending 2020 on a high note with its fifth sale of a superyacht this year and the second in December. The latest contact is a highly customised motoryacht based on the proven platform of the 50m Steel Class. The yacht will be constructed under YN 20150, ...
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NewsRYA releases Brexit update for UK boaters
The UK’s Royal Yachting Association (RYA) has launched a Brexit update which provides a summary of the changes which will affect UK recreational boating as the rules change in January 2021.
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NewsIndian boating market: High taxes and a lack of marinas continue to thwart growth, but potential is there
IBI’s Asia correspondent Mike Derrett speaks with Aashim Mongia, chairman of the Indian Marine Federation, about the leisure boating industry in India.
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