Latest News – Page 562
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NewsCoronavirus update | 16 March
Sanctuary Cove postponed; Horizon Yachts implements precautionary measures; Hamburg ancora Yachtfestival to go ahead as planned
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NewsMarineMax to buy back stock at bargain rates
America’s largest boat and yacht retail operation, MarineMax announced approval of a plan to repurchase up to 10 million shares of outstanding stock. The company’s shares are currently trading at $10.52 – near the bottom of its price range over the past year
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NewsCanada passes USMCA trade agreement into law
The Canadian government passed legislation on Friday ratifying the new US-Mexico-Canada Trade Agreement (USMCA) before shutting down until April 20 as a result of the developing Covid-19 coronavirus pandemic.
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NewsTohatsu Outboards NZ under new ownership
The directors of Tohatsu Outboards NZ Ltd have announced that the business is being sold to their business partner Lakeside Marine NZ Ltd, a subsidiary of Lakeside Marine Pty Sydney.
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NewsHorizon Yachts business update
In light of the rapidly evolving situation surrounding Covid-19, Taiwan’s Horizon Yachts has announced that it is implementing several precautionary measures out of an abundance of caution for clients and employees.
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NewsAustralia’s Sanctuary Cove International Boat Show postponed
The 2020 Sanctuary Cove International Boat Show (SCIBS2020), the largest marine leisure sector event in the Southern Hemisphere, has been postponed and new dates will be issued soon. It was due to be held at the Sanctuary Cove resort on Austarlia’s Gold Coast from May 21-24.
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NewsMinneapolis sportshow cancelled; decision on legislative conference pending
NMMA, the US marine trade association and show producer, announced the cancellation of its Northwest Sportshow in Minneapolis. A final decision on the industry’s annual gathering in Washington DC in May is still pending
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NewsCoronavirus afternoon update | 13 March
Latest from Azimut, Princess, Sanlorenzo; Update on Dutch and Italian industries; Quebec City, Toronto and Edmonton among latest shows cancelled
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NewsSanlorenzo confirms 117% profit gain as production continues
The Italian yacht builder reported profits of €27 million for 2019, a backlog of €500 million and says the company is not yet experiencing a material impact on business operations due to COVID-19
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NewsDutch boating sector seeks urgent relief; Cites "significant" losses due to coronavirus
The government has signalled it will provide tax relief and other assistance for SMEs
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NewsBrunswick wins ‘Best of CES’ award
Brunswick Corp has been named as one of Exhibitor Magazine’s 2020 ‘Best of CES’ award winners. The program honours the top 20 exhibitor stands from among more than 4,500 at the 2020 Consumer Electronics Show (CES) in Las Vegas.
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NewsAzimut introduces new measures to cope with COVID-19
Azimut Yachts, part of Italy’s Azimut-Benetti Group, has introduced new measures to cope with the impact of COVID-19 and to align production with slowdowns in the supply chain.
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NewsPrincess calls for collective approach and need for major industry rethink in response to COVID-19
Speaking to IBI yesterday, Kiran Haslam, chief marketing officer for Princess Yachts, said that the boating industry may have to rethink how it markets its products after the wake-up call from the coronavirus (COVID-19).
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NewsOceanvolt appoints new CEO
Oceanvolt, a Finnish supplier of hybrid electric power and propulsion systems, has named Tommi Lassila as its new CEO. Lassila assumed responsibilities on March 9 and succeeds Markus Mustelin, who has been managing Oceanvolt for the past three years.
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NewsClick&Boat acquires German competitor
French boat-sharing company Click&Boat has acquired Scansail, one of its main competitors in German-speaking markets. Scansail will continue to operate as a separate brand, based at its current headquarters in Hamburg.
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NewsGulf Craft names preferred Australian service centre
Gulf Craft, the Middle East’s largest yacht builder, has expanded its global service network by appointing Gold Coast City Marina & Shipyard (GCCM) as its preferred Australian facility. The brand is also looking to continue its global expansion with the appointment of new distributors in more than a dozen identified ...
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NewsCoronavirus marine update | 13 March
Mercury worker tests positive for Covid-19; Update on current Italian marine industry activity; Quebec show cancelled; Clipper Race cancels Qingdao stopover; Superyacht Gathering cancelled
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NewsNew Zealand’s Superyacht Gathering cancelled
This year’s event was due to be held in Auckland from March 25-27
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