Latest News – Page 587
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Volvo Penta Americas president to retire
Volvo Penta Americas president Ron Huibers has announced that he will retire, effective January 1, 2020.
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British boating magazines sold as part of £140m deal
TI Media (the former IPC Media Group and later Time Inc UK) has been sold by the Epiris private equity company to Future PLC, a UK-based publisher of consumer magazines and websites.
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Brunswick to preview ‘Future of Boating’ in Las Vegas
US-based Brunswick Corporation will make a splash in the new year as a first-time exhibitor at the 2020 Consumer Electronics Show (CES) – the world’s largest electronics and technology show, well-known for the introduction of cutting-edge innovations each year
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Frigomar wins BMEEA Award
Italian HVAC specialist Frigomar has announced that its high-performance BLDC variable-speed, self-contained unit inverter was recently named Product of the Year by the British Marine Electrical & Electronics Association (BMEEA).
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Executive leadership changes at MasterCraft
Tennessee-based MasterCraft Boat Holdings Inc announced today that Terry McNew has stepped down as president and CEO in order to pursue another opportunity outside of the leisure boating industry.
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New SY berths for Singapore yacht club
As Singapore starts to position itself as a regional business and financial hub in the wake of the Hong Kong crisis, the Republic of Singapore Yacht Club (RSYC) has upgraded its marina with new superyacht berths
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Marquis unveils revamped line, Lexus LY 650 at FLIBS
The 60th Ft Lauderdale International Boat Show (FLIBS) saw Marquis Yachts introduce its long-awaited redesigned M42 “upscale Day Boat” and the LY 650, its partnership luxury yacht designed by Lexus.
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Beneteau shares drop 16% on news of lower growth & profitabillity
The French boatbuilder posted a fifth consecutive year of growth for its 2019 fiscal year, but investors appear to be uncertain about prospects for the coming year. Although noting a higher order book, Beneteau said it would not be issuing its FY 2019-20 outlook until 4 February and hinted that ...
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Ecoworks Marine enters US market
Ecoworks Marine, a UK manufacturer of environmentally friendly cleaning products for boats and yachts, has chosen Pragati Yacht Services to distribute its brand on the US market.
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X-Yachts buys Swedish powerboat builder
Danish sailboat producer X-Yachts has entered the powerboat market with the acquisition of HOC Yachts in Sweden.
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Garmin releases strong Q3 results
Switzerland-based Garmin Ltd has reported strong sales for its third quarter, driven by growth in its aviation, fitness, outdoor and marine divisions.
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Strong turnout for 2nd Abu Dhabi show
The second edition of the Abu Dhabi International Boat Show (ADIBS) attracted considerable visitor numbers despite a difficult market. According to the organisers, ADIBS, which concluded on October 19, attracted 26,000 visitors and 284 exhibiting companies from 27 countries. The show was organised by and held at the Abu Dhabi ...
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New marina planned for German island
With plans to overhaul the marine infrastructure of Germany’s Heligoland island in the North Sea, local authorities are planning to build a new marina with more berthing capacity than the existing marina which currently accommodates around 120 boats.
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Inmarsat takeover gets green light
The UK government has given its approval for the £2.6bn takeover bid for Inmarsat, the UK’s largest satellite company, to go ahead. Inmarsat is a leading player in the maritime communications sector, including yachting where it is currently looking to grow its involvement.
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NMMA buoyed by latest US consumer confidence data
Newly-released data for October shows consumer confidence remains high in the US, in spite of overall indications of a slowing economy.
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Annual revenues for US boat retailer MarineMax grew 5%
Financial results for America’s largest boat retailer – representing more than 20 boat and yacht brands across some 60 locations – were down for the company’s fourth quarter reflecting ’choppy’ market conditions across the industry in terms of both geography and product segments
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Maskinfabriken appoints European sales rep
Swedish steel specialist Maskinfabriken G-C AB has chosen IMDS to represent sales of its G-C Boathandling Systems product range in Europe. IMDS will be responsible for facilitating the sale and engineering support of the product portfolio into new customers in the European market.
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Rolls-Royce opens new yacht support centres in Italy
Rolls-Royce (RR) has opened two new dedicated yacht support facilities in La Spezia, Italy. The two new centres are a new Yacht Competence Centre (YCC) and a Yacht Customer Care Centre (Y-CCC).
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Asia-Pacific Boating magazine to close this month
Asia-Pacific Boating magazine, one of the main dedicated publications for the marine leisure industry in Asia, is to cease publication at the end of this month with the closure of Blu Inc Media, the Hong Kong-based publisher of the title. Blu Inc Media is a subsidiary of Singapore-based SPH Group ...
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Ocean Cleanup tackles plastic garbage in rivers
Days after reporting a breakthrough in trapping plastic debris in the Pacific Ocean using the ocean’s current, Rotterdam-based Ocean Cleanup has unveiled a solar-powered trap that similarly capturers plastic garbage in rivers.