Latest News – Page 481
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NewsNew Volvo Penta president outlines challenges and changes going forward
Sustainability a key theme as well as attracting new and younger people
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NewsUK RIB manufacturer sold to British entrepreneur
Ribcraft UK, based in Yeovil, Somerset, has been bought by UK entrepreneur Toby Adams and looks set to expand on the success it has already enjoyed in growing governmental, military and securities sectors as well as placing a larger emphasis on environmental sustainability.
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News1st Virtual Valencia Boat Show opens to the public
IBI is exhibiting for the first time on a 100% virtual stand at the 2020 Virtual Valencia Boat Show which opened today.
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NewsSurprise Q3 results for Marine Products Corporation
Marine Products Corporation, makers of Chaparral, Robolo and Vortex boats, surprised Wall Street with its third quarter results that saw a nearly 10.5% reduction in unit sales and a 4.8% drop in sales revenue reported at US$68.7m.
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NewsVanquish Yachts secures 35m superyacht order from US client
Vanquish COO Sander Mars: “US clients are getting used to aluminium” Since its founding in 2012, Vanquish Yachts has built fast luxury dayboats at a blistering pace. It’s a tale of peerless success: the Dutch maker of aluminium tenders and day cruisers just scored an order for ...
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NewsBusiness Achievement Awards for Boat Builders - Final call for entries
IBI and METSTRADE, in association with Raymarine, have announced a special one-off virtual edition of the Boat Builder Awards for Business Achievement in 2020.
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NewsHubbell feels Covid pinch in 2020 Q3 results
Declines in net sales, gross profits and net profits point to continued uncertainty in the power market
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NewsCroatian nautical sector seeks government financial support
A 50% drop in yacht arrivals and a 65% revenue loss from the reduced traffic has Croatia’s growing marina and nautical sector stalled and seeking some additional job support funding, according to the Croatian Chamber of Commerce (HGK).
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NewsBetter than forecast results for Groupe Beneteau
The multi-brand French boatbuilder said the company is benefiting from its global, multi-segment positioning against the adverse environment of Covid 19
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NewsStrong boat sales float Q3 earnings for Polaris
Boat division leads all other segments with 30% YOY sales jump to drive higher overall earnings, profits
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NewsCummins’ North American sales decline, international sales stable
Cummins Inc closed its third quarter with revenues down 11% to US$5.1bn from last year, led by an 18% drop in North American sales while international revenues were flat.
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NewsCaterpillar crawls through rough third quarter
Caterpillar Inc has announced third-quarter earnings that are down across the board, led by lower end-user demand. The Deerfield, Illinois-based Cat reports sales and revenue of US$9.9bn, a 23% decline from Q3 2019. Profit per share was down 54% at US$1.22, while operating profit margin dropped nearly 6 points to ...
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NewsAzimut-Benetti Group reports strong Asia-Pacific sales
The Asia-Pacific area continues to play a strategic role in terms of Azimut-Benetti Group sales. Thanks to its longstanding presence in key countries in the area, the Italian boatbuilder has an excellent reputation and unparalleled reach across the region.
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NewsBiograd Boat Show reports better than expected results
The 22nd edition of the Biograd Boat Show, held from October 21-25 at Marina Kornati in southern Croatia and organised and hosted by Ilirija d.d, presented an outcome which in the view of many exhibitors and the organisers had been ”better than expected”.
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NewsDanfoss to power Bangkok fleet of electric ferries
Some 27 zero-emission passenger ferries will soon replace aging diesels on Bangkok’s Chao Phraya River in a bid to improve air quality and clean up the water supply in the Thai capital.
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NewsCamper & Nicholsons names new sales advisor
Benjamin Bensahel is based at the company’s Monaco office
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NewsAquatic AV appoints Finnish distributor
Aquatic AV, the US manufacturer of specialist waterproof AV equipment, has named Norcap as its new Finnish distributor.
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NewsSafety first as FLIBS prepares for Wednesday opening
With a preponderance of precautions in place, the 61st annual Fort Lauderdale International Boat Show (FLIBS) gets underway Wednesday, albeit on a smaller overall footprint and with less than half of the exhibitors who attended the 2019 event, all propagated by the Covid-19 global pandemic. The recently concluded Genoa Boat ...
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NewsFountaine Pajot reports 2019-20 turnover
France’s second largest boatbuilder has released preliminary information for its fiscal year, ending August 31 noting a significant impact stemming from the Covid-19 crisis
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NewsUK yacht chandler sold
L-R: SeaFront directors Simon Sheehan and Richard Besse with general manager of Nick Cox Matt Evans and SeaFront operations manager Liz Evans SeaFront Marine Group in the UK has acquired Lymington-based retailer Nick Cox Yacht Chandler, expanding the company’s portfolio of marine product distribution, sales and servicing ...
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