Latest News – Page 682
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News
Garmin marine sales lead Q3 growth
Garmin reported third-quarter revenue increased 8% from the prior year at US$810m, with the marine segment leading the growth with a 28% increase in revenue over the same quarter last year.
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NewsNew Sunseeker CEO
Sunseeker International today announced that Christian Marti has been appointed CEO of the UK boatbuilder, replacing Phil Popham who left the company at the end of September to take up a new challenge.
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KVH reports Q3 revenue increase
Rhode Island-based KVH Industries has released operating results for its third quarter which show strong momentum from the first half of the year carrying forward through the period ended September 30.
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Florida marina fire causes US$1m in damages
The State Fire Marshal of Florida and US Coast Guard are investigating a blaze that destroyed two boats and heavily damaged two others at Venice Yacht Club, causing at least US$1m in damages.
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NewsFairline in major recruitment drive
The UK’s Fairline Yachts is recruiting over 100 boatbuilders in a variety of roles that include carpenters, electrical fitters, engineers, GRP moulders, painters and assemblers at both its Oundle and Hythe manufacturing sites in Southampton. The move, says Fairline, follows “impressive sales success” at the recent Cannes and Southampton boat ...
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News
Victory Marine to build own trailer line
Victory Marine Holdings (VMH) is launching its own trailer line to be built in Miami, Florida. Excalibur Trailers USA, Corp., a wholly owned subsidiary of VMH is on schedule to begin manufacturing by year’s end in a 7,000sq ft leased facility.
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NewsMeet the new IBInews.com
The new IBInews website serves up breaking industry news tailored to your preferences. It seems fitting that just as we celebrate our 50th anniversary in print, we should be embarking on the next chapter of our online presence. With the IBI daily newsletter, it’s a case of ...
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News
MarineMax posts strong Q4, fiscal 2018
MarineMax reported a 23% increase in fourth-quarter revenues to US$309m over the same period last year, and fiscal 2018 revenue up 12% to nearly US$1.2bn.
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NewsCape Town show attendance up 54%
Visitor numbers to this year’s Cape Town International Boat Show shot up 54% to just over 8,500, Messe Frankfurt have confirmed.
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NewsPolish marina investor to select operator, launch facility next year
Construction of a new marina in Gdynia, on the Polish Baltic Sea, is progressing, with plans to launch the facility next summer. Polish developer PHN S.A. is yet to select an operator for the marina, which will offer berthing for up to 120 boats.
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AERÉ Marine Group expands into US Northeast
Docking accessories company AERÉ Marine Group is expanding its operations into the Northeast region of the United States and has named Kevin Murray as regional manager.
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NewsUK firm designing new marina for Maltese island redevelopment
UK-headquartered Marina Projects Ltd has confirmed that it is involved in the large Maltese Manoel Island redevelopment project as marina designer. The project has been ongoing for some years with MIDI Plc, the consortium overseeing the huge €400m mixed-use project, which is one of the largest in the Mediterranean.
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NewsCanadian boatbuilder Campion Marine sold
Canada’s largest fibreglass boatbuilder sold to Edmonton-based private equity firm
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NewsTwin Disc reports healthy fiscal Q1 sales, profits
Twin Disc, the Wisconsin-based manufacturer of marine and heavy-duty off-highway power transmission equipment, reported fiscal 2019 Q1 net sales increased 65.7% over the same period last year on sales of US$74.6m.
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NewsIBI celebrates 50th Anniversary
Publishing Director Nick Hopkinson has worked on every issue since October 1968
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NewsGroupe Beneteau registers strong growth as multihull and outboard sectors shine
Boat business beats forecasts to register 9% growth
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News
Dutch investment firm acquires Alewijnse
Strong Root Capital buys Dutch technical services provider for undisclosed sum
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NewsMorbern targets European market
Morbern, the Canadian manufacturer of marine coated fabrics, has introduced a new Morbern Europe logo to strengthen its positioning in the European market.
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NewsRecord turnout for Yacht Racing Forum
The 10th Yacht Racing Forum, held this year in Lorient, France, attracted a record turnout with over 430 delegates. The forum is a leading annual conference that reviews the sailing yacht market, its business and marketing, and future plans.
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