Latest News – Page 547
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Coronavirus shutdowns bring lower Q2 sales, income for Johnson Outdoors
Shelter-in-place orders during the Covid-19 pandemic hurt Johnson Outdoors’ watercraft business, which posted a Q2 operating loss of $1.63m Wisconsin, US-based marine equipment manufacturer Johnson Outdoors Inc released its 2020 second-quarter results on May 5, reporting declines in both sales and net income as a result of ...
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Global Covid-19 update | 5 May
The International Council of Marine Industry Association (ICOMIA) and its member associations are providing regular updates to a ’living’ State of the Industry report tracking the latest regulations regarding COVID-19 and the specific impacts on the boating sector in countries across the world.
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Lippert reports mixed Q1 results, but says acquisitions still in view
Profitability declined due to coronavirus-related shutdowns offsetting sales gains and an otherwise strong start to FY 2020
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Filippetti and Twin Disc sign commercial agreement
Italian shipyard Filippetti Yacht has signed a commercial agreement with Twin Disc Inc in the US to power all of its performance with yachts with Twin Disc’s Arneson Surface Drives (ASD) system.
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AIG takes major hit from COVID-19 with quarterly profits down 93%
AIG (American International Group), a major player in the international superyacht insurance market, has reported a 93% fall in quarterly adjusted profits largely due to COVID-19, which it describes as “the single largest catastrophe loss the industry has ever seen”. Part of the fall was due to money put aside ...
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North Sails supplies medical facilities in Japan
The Japan unit of sail manufacturer North Sails has switched to making gowns for medical personnel fighting the coronavirus.
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Nuvolari Lenard completes work on Venetian hybrid water taxi
Italian design firm Nuvolari Lenard recently completed work on a new Venetian water taxi whose hybrid propulsion system will help preserve the historic city through the use of ‘green’ technology.
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Hexcel obtains DNV GL type approval
Hexcel, the US supplier of advanced composite materials to the marine and other markets, has announced that its HexPly M79 prepreg materials have achieved Type Approval Certification from DNV GL.
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Greece extends yacht lockdown
The Greek National Commission for the Protection of Public Health has announced that all private leisure boats and commercial craft, regardless of flag, are prohibited from departing or arriving within the Greek Territory between Monday 4 May at 6am until Monday 18 May at 6am for precautionary public health reasons. ...
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Spanish nautical sector asks government for urgent support
Spanish industry association ANEN has released new figures showing a 77% drop in boat registrations for the month of April and a 37.3% drop in registrations for the first four months of the year. All lengths and sub-sectors of pleasure boats have been affected by the Covid-19 pandemic. Tourist demand ...
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Capacity closes Miami marinas within hours of reopening
Boaters queue up for hours in Miami to get back on the water Boaters in South Florida crushed public marinas as on-water activity resumed this weekend, albeit with many more rules and restrictions. Vessels were lined up as much as two hours before opening at several marinas ...
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KVH Q1 revenues up 1% in spite of Covid-19
Pandemic impacts, uncertain market ahead lead to withdrawal of 2020 guidance
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Pogo Structures launches LOXO 32 Outboard
French yard Pogo Structures has launched a new outboard version of its popular LOXO 32 motorboat.
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SA 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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Twin 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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How 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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Sailing 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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Beyond 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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Covid-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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Korea 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.