Latest News – Page 496
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NewsOXE agrees major order but scales back on 2020 growth forecast
Swedish diesel outboard engine manufacturer OXE Marine has signed a letter of intent with current central and southwest US distributor Diesel Outboards LLC (part of the Outdoor Network group) to expand ODN’s distribution territory to also cover southeast US. ODN’s expanded territory will include Florida, which according to OXE representants ...
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NewsBeneteau sells US plant; scales back at other facilities
Group Beneteau’s US production facility in Marion, South Carolina is being purchased by a fibreglass pool manufacturer, while the Group reduces production capacity and headcount across other facilities
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NewsEU drive for greener economy not really hampered by coronavirus
European Commission President Ursula von der Leyen The coronavirus pandemic may be hammering economies worldwide, but it has not significantly dented Europe’s enthusiasm to get a handle on climate change. This week, the European Commission asked EU governments to raise Europe’s 2030 target for emission cuts to ...
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NewsVIVIC signs US$100m contract for development of electric yacht
VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it has completed ...
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NewsObituary: Bruno Coffre
Bruno Coffre, Ultra Marine Europe sales manager for France Bruno Coffre, Ultra Marine Europe sales manager for France, has passed away suddenly at the age of 61. He was best known for his passion for boats, especially blue water sailing with his family and friends. “Bruno was ...
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NewsUK investment group buys into Perini Navi
Italian brand reports €140m losses over nine years and no-go deal with Sanlorenzo
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NewsWorld Yacht Trophies 2020 held despite Cannes cancellation
While the 2020 Cannes Yachting Festival was unfortunately cancelled, one the key events traditionally held during the event – the19th edition of the World Yacht Trophies 2020 – still went ahead.
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NewsSA branding expert says boat wrapping taking off in local market
Johannesburg-based branding specialists Image Build is reporting a surge in demand for vinyl boat-wraps within South Africa’s luxury boatbuilding industry.
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NewsOsculati reports stable 2020
Osculati, the Italian distributor of marine equipment and accessories, is reporting stable growth with total revenues for the year ended 31 August 2020 of €71m compared to €72m in 2019.
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NewsJFA Yachts launches first Long Island 78 Power
French mono and multihull boat builder, JFA Yachts, has expanded its semi-custom catamaran range with the launch of its first 23.7m (78ft) Long Island 78 Power. The yacht has been sold and will shortly be delivered following sea trials.
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NewsUS rescinds latest 10% tariff on Canadian aluminium
The new tariff announced on August 16 was withdrawn late Tuesday, hours before Canada was to implement its own $3.6bn in retaliatory levies
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NewsAuckland Boat Show cancelled
Acting on instructions from its member exhibitors, the Auckland Boat Show, scheduled to run October 8-11, has been cancelled by the organisers, NZ Marine.
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NewsLatest exhibition news (Updated)
The current status of boat shows through the end of December (as of 24 Sept)
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NewsDMS Holland appoints CEO, sees healthy growth ahead
DMS Holland, an international specialist in motion control onboard yachts, has appointed a CEO, a new position to manage future growth. Taking the helm at the eight-year-old company is Theo Hoen who has more than 25 years of senior management experience in the chicken processing sector.
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NewsCrowdfunding is fuelling electric boat motors as Oceanvolt nets €650,000 in four days
Electric power and propulsion systems manufacturer Oceanvolt is getting a financial jolt for its electric boat motor development, having raised €650,000 in the first four days of a crowdfunding campaign that hopes to net €1.5m, in what seems to be a growing trend for on-water electric propulsion. This is actually ...
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NewsGulf Craft's CCO, Nizar Tagi, on the impact of Covid and a boost in boat sales
Gulf Craft’s Chief Commercial Officer tells IBI about boat sales, its success promoting the sea as a safe haven, and the impact on boating in the region
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NewsUS business owners increasingly optimistic – Wells Fargo
Q3 study highlights improved future outlook in spite of continuing near-term Covid-19 headaches
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NewsPolish builder in major recruitment drive
Poland’s Sunreef Yachts has announced that it is hiring over 200 new employees at its shipyard in Gdansk.
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News
Judge declares yacht ownership suit “a mess”
A federal judge in Miami, Florida who has declared the ownership lawsuit over a US$1m yacht “a mess” is allowing a local business which has procession of the boat to keep it temporarily, and has further suggested federal investigators may want to intervene. It all began in April, when brothers ...
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NewsMDL Marinas launches new points-based loyalty programme
The UK’s MDL Marinas is launching a new points-based loyalty programme, Otium, to give customers a more personalised experience when accessing services provided by the marina group.
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