Latest News – Page 558
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NewsBrazilian boat market forecast to grow by 20% in 2020
The Brazilian leisure marine market has undergone major changes over the last 10 years, says Eduardo Colunna, president of Brazilian boatbuilders’ association ACOBAR. He cites a significant increase in the length of boats on offer, improvements in quality, and a reduction in the number of shipyards in operation.
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NewsSA’s Royal Cape Yacht Club given lease lifeline
Cape Town’s historic Royal Cape Yacht Club this week confirmed a lease breakthrough with South Africa’s National Ports Authority following years of uncertainty about the club’s tenure inside Cape Town harbour.
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NewsStabicraft founder steps aside as CEO
Iconic Kiwi boat manufacturer Stabicraft is on the hunt for a new chief executive with its founder Paul Adams stepping aside, providing a pathway for a new leader after 33 years at the helm.
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NewsFuture of renewable fuels in boating?
Volvo Penta continues to expand its testing of HVO fuel which can reduce fossil CO2 emissions by up to 90%
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NewsCoronavirus tests stability of global supply chains
With large parts of China still subject to lockdowns and travel restrictions, manufacturers face continuing uncertainty over delivery schedules for parts and components As China struggles to contain the COVID-19 coronavirus outbreak that has infected more than 73,000 people worldwide and killed nearly 2,000, marine equipment manufacturers ...
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NewsDean & Reddyhoff rebranded Boatfolk Marinas Group
Following the takeover last year of Quay Marinas (QM) by the Dean & Reddyhoff Group (D&R), the combined entity is to be rebranded Boatfolk Marinas Group Ltd. IBI understands that the rebranding is to be officially announced on April 1, 2020, according to a spokesperson for D&R.
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NewsNew appointment at SABBEX
SABBEX, the South African Boat Builders Export Council, has expanded its team with the appointment of Thina Qutywa as office administrator.
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NewsMiami show a strong success despite attendance dip
Despite a near record-breaking opening day crowd, the more than 82,000 people who visited this year’s Miami International Boat Show (MIBS) represents a 10% decline in attendance for 2020 over last year.
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NewsFastmount appoints Chilean distributor
New Zealand-based panel mount manufacturer Fastmount has extended its reach in South America with the appointment of a new distributor in Chile.
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News1st Olympic Yacht Show to be held in Greece
A new Greek yacht show is set to take place later this year, courtesy of Ondeck Events and Olympic Marine SA.
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NewsInmarsat launches connectivity services in Saudi Arabia
Mobile satellite communications firm Inmarsat has introduced its connectivity solutions to customers in Saudi Arabia through new partner agreements in the region. The company has also secured new spectrum licences to deliver both its narrow-band (L-band) and high-capacity broadband (Ka-band), Global Xpress (GX), services in Saudi Arabia, enabling Saudi-based businesses ...
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NewsNZ firm expands overseas to support growth
Propspeed, the New Zealand-based supplier of underwater top-coatings, has hired Matt Forbes to fill the role of sales director-EMEA and Marcus Hamilton as VP of sales & operations-Americas.
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NewsGarmin earnings sends shares to 12-year high
The electronics maker’s stock price surged yesterday on the company’s report of Q4 and 2019 results which beat Wall Street’s expectations. Revenues for the fourth quarter totalled $1.1 billion, including a 22% rise in marine sales.
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NewsLarnaca Marina gets go-ahead after prolonged negotiations
A Cypriot-Israeli consortium, Kition Ocean Holdings, has gained approval from the Cyprus government which, after prolonged negotiations over some two years, managed to reach an agreement over the redevelopment of Larnaca port and marina. A total of €1.2bn is planned to be invested in upgrades, making it the largest infrastructure ...
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NewsAxopar Boats picks up NMMA/CSI Award
The Finnish firm was the only European boatbuilder to be honoured this year in Miami
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NewsFirst glimpse of Feadship’s Project 705 as yacht emerges from construction hall
Viewers were given an early glimpse of Feadship’s new 72.85m yacht today as it emerged from the yard’s construction hall in Aalmseer in the Netherlands.
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NewsHistoric Italian brand re-enters yacht market
Iconic Italian boatbuilder Falcon Yachts has re-entered the market following its recent acquisition by T-Quest Holdings of the Middle East.
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NewsUK government appoints new minister to cover maritime sector
MP Kelly Tolhurst used to run Tolhurst Associates, a marine surveying business As part of the recent UK government ministerial reshuffle, Kelly Tolhurst has been appointed to oversee the country’s maritime sector including the recreational marine market. Tolhurst has the ranking Parliamentary Under Secretary of State at ...
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NewsFishing niche lets engine builders net new markets
Engine makers are repurposing purpose-built products for smaller market segments
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