Latest News – Page 537
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NewsSA yards reopen subject to 50% staffing limit
South African boatbuilding yards reopened on Monday subject to a 50% staffing limit and strict social distancing protocols. This follows an easing of the country’s ‘hard lockdown’ – from the maximum level five to level four – to allow a partial reopening of the economy beyond essential services.
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NewsTwin Disc Q3 results shored up by ‘stable marine demand’
The US-based manufacturer of marine power transmission equipment reported an 11% drop in sales for its third quarter ending 27 March, to $69 million
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NewsHow will autumn boat shows manage the ‘new normal’?
Show organisers are under pressure to reveal plans for upcoming autumn shows as one of the industry’s most important marketing channels
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NewsSailing and boat access rules in Spain to start easing from Monday
22,000 leisure craft in Balearic Islands unused since Spanish lockdown introduced
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NewsBeyond COVID-19
IBI’s weekly reminder that despite the unique set of events gripping the world, there are positives out there. Today’s installment of ’Beyond Covid-19’ highlights new investments, innovations and marine firms doing their bit in the battle against the coronavirus.
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NewsCovid-19 likely to change future working practices in marine leisure sector
More home working anticipated to become a regular feature going forward
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NewsKorea International Boat Show confirmed for June this year
The organiser of the Korea International Boat Show (KIBS) confirmed to IBI today that the show is planned to go ahead as scheduled from June 5-7, 2020. There will also be an invitation-only business forum on the afternoon of June 4.
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NewsSt Thomas approves transfer, expansion for two marinas
The St Thomas, US Virgin Islands Coastal Zone Management Committee (CZM), meeting by video conference, has approved a pair of marina plans aimed at helping the facilities recover from the twin impact of the COVID-19 pandemic and being ravaged by two hurricanes within two weeks in 2017.
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NewsCould Covid-19 boost boating interest long-term?
Discover Boating campaigns are gaining some traction as frustrated consumers wake up to boating
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NewsNew hydrogen fuel cell initiative involves ABB and HDF
With the growing interest and discussion about the potential use of hydrogen as a fuel for superyachts, a new initiative to manufacture megawatt-scale fuel cell systems in France may move the whole process forward. If successful, it will also help reduce carbon emissions in the maritime sector. The new initiative ...
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NewsBrunswick Q1 ‘resilient’ despite COVID-19 impact
Brunswick Corporation released first quarter 2020 financial results and reported a strong pre-coronavirus performance, with “resilient operating margins despite COVID-19 impact”
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NewsNanni maintains operations
French engine manufacturer Nanni has released a statement to say that most of its staff have been ‘teleworking’ since March 17, when France officially entered lockdown, including the company’s spare parts, aftersales, commercial, R&D and administrative departments.
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NewsCanadian boatbuilder dies from Covid-19
Doug Rosborough, founder of Halifax, Canada-based custom boatbuilder Rosborough Boats, passed away on April 27 as a result of complications associated with the Covid-19 coronavirus.
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NewsYachts to be included in new port plan for Falkland Islands
Boat traffic is rising and there is a need for more enhanced facilities
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NewsMaritime NZ approves further marine business activities
Thanks to some dedicated work by NZ Marine on behalf of the New Zealand marine industry, Maritime NZ has approved further marine business activities under Covid-19 Level 3. This follows the recent opening of restrictions on manufacturing, which has allowed New Zealand boatbuilders to get back to work.
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NewsDutch superyacht sector crafts new home
The Dutch superyacht lobby has moved into new digs, but its shift from HISWA Holland Yachting Group into a unit of the Netherlands Maritime Technology (NMT) trade group has been slow due to the Covid-19 pandemic.
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NewsBeneteau responds to crisis
Beneteau has restarted production at three of its sites as half year earnings announced; CEO takes salary reduction, new strategic plan to follow in July to reflect deep transformation of its markets
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NewsPolaris reports a 6% drop in Q1 sales
The outdoor vehicle specialist has withdrawn revenue and earnings guidance for the rest of 2020 but currently thinks the recovery will take ’more of a U shape’ – with demand weakest in the second quarter
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NewsRecord Q1 revenues for Garmin
Garmin Ltd released its 2020 first quarter results on Wednesday, reporting record Q1 revenues and double-digit revenue growth in four of its five operating segments – including a 22% bump in its marine business.
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