Latest News – Page 548
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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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NewsMEPs sign letter to EU Commission outlining impact of COVID-19 on boating sector
Members of the European Parliament (MEPs) from several political groups and countries co-signed a letter to Thierry Breton, the EU Commissioner for the Internal Market, on Tuesday that underlines the impact of COVID-19 on the boating sector.
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NewsCovid-19, production adjustments lead to tough Q1 for Marine Products Corp
Marine Products Corp, manufacturer of the Chaparral, Robalo and Vortex fibreglass boat brands, released its 2020 first quarter financial results on Wednesday reporting double-digit declines in net sales, gross profits and operating profits.
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NewsThree yachts catch fire in Hong Kong
Hong Kong’s emergency fire and medical services were called to the Kwun Tong Typhoon Shelter yesterday afternoon after a fire broke out on board a boat and spread to two other yachts. Within around two hours, the fires were under control and no injuries have been reported.
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NewsReckmann reports strong demand for new sun awning systems
Reckmann, the German rigging and hydraulics specialist that entered the sun-shade systems market when it acquired Sailtec Custom Projects in 2015, has announced that the first new-build yacht project to feature Reckmann’s new curved sun awning poles has just been delivered by a German shipyard.
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NewsIBI April-May digital issue released today
Recipients of the latest IBI will be treated to some very interesting content, beginning with guest columnist Hervé Gastinel, former CEO of Beneteau, discussing the way ahead during the Covid-19 crisis and also contains market reports on the current situation in Germany, Finland and Denmark. Dr.Thom Dammrich, former president of ...
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NewsNew Fiji marina appoints sole fuel provider
Nawi Island Ltd is in talks with Mobil Oil (Fiji) to supply fuel to yachts at its marina
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NewsGreece to ease lockdown restrictions next week
Greek Prime Minister Kyriakos Mitsotakis announced yesterday (Tuesday 28 April) on national TV that restrictions on citizens’ movements would be lifted and more shops allowed to reopen from May 4 in a gradual easing of a lockdown imposed to curb the spread of the new coronavirus.
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