Latest News – Page 684
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NewsPorto Montenegro and Damen to redevelop commercial shipyard for superyachts
In a 50:50 joint venture between the Damen Shipyards Group and Porto Montenegro (PM), some €20m will be invested in developing a superyacht refit and maintenance facility at Bijela able to handle vessels up to 120m (394ft).
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MRAA, Nautique expand dealer certification
A partnership between the Marine Retailers Association of America (MRAA) and Nautique Boats has seen more than half of the boatbuilder’s dealers achieve Marine Industry Certified Dealership status.
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NewsNimbus to acquire Brunswick’s joint venture interest in Bella Boats
Brunswick Corp today announced that Sweden-based Nimbus Boats is to acquire its joint venture interest in Finland’s Bella Boats. Terms of the deal are unknown, but the acquisition is expected to close before the end of the year. It will provide Nimbus with ownership of all Bella brands, including Bella, ...
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NewsLinssen turns 70 and sells 11 yachts worth €5.2m
Linssen Yachts of the Netherlands says it took orders for 11 yachts worth €5.2m at its annual mid-November in-house boat show, which coincided with the Dutch motoryacht maker’s 70th anniversary.
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First major distributor for UK timber firm
LIGNIA Wood Company, a British timber modification business, has signed its first major distribution agreement with US-based Teakdecking Systems (TDS) for its LIGNIA Yacht product in North America and the Caribbean. The deal was signed at the METSTRADE Show in November.
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Mission Critical Electronics buys Xantrex
Schneider Electric has sold its Xantrex electrical equipment manufacturing business to Huntington Beach, California-based Mission Critical Electronics (MCE).
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Fairline reports 144% rise in turnover in 2017
The UK’s Fairline Yachts continued down the path to recovery in 2017, the company’s 50th anniversary year, with turnover up by 144% to £24.1m.
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NewsNMMA calls for elimination of tariffs following USMCA signing
With the USMCA free trade agreement between the United States, Canada and Mexico formally signed last week, the National Marine Manufacturer’s Association (NMMA) is today calling for legislators to move swiftly toward eliminating tariffs that continue to depress the recreational boat industry in North America.
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Beneteau closes Delphia Yachts acquisition
Groupe Beneteau and Delphia Yachts Kot sp. j. reached financial closing of the acquisition by Groupe Beneteau of its operations designing, building and marketing sailing and motor yachts under the Delphia Yachts and Maxi Yachts brands in Warsaw, Poland on Friday.
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NewsStrong sales recorded at 7th Pattaya show
Exhibitors generated around 100m baht in sales at this year’s Ocean Marina Pattaya Boat Show
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NewsBRP reports record Q3 revenues, net income
Quebec-based BRP reported revenues of C$1,394.2m and net income of C$90.2m for its third quarter of 2018, marking continued strong growth for the manufacturer of Sea-Doo personal watercraft and Evinrude outboard engines.
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NewsBest of Boats Awards – winners revealed
The winners of the Best of Boats Awards (BOB Awards) were presented at the Boat & Fun Berlin boat show in Germany last week.
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Cobalt celebrates, awards dealers
Following what the company calls “another strong year”, Colbalt Boats recently honoured its worldwide dealers with a two-day “celebration” that included an introduction to its newest 2019 model, the A36BR Bow Rider.
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NewsHempel inaugurates new Centre of Excellence
Marine coatings manufacturer Hempel has officially opened its new Centre of Excellence in Barcelona, Spain. The centre is part of a €6m investment into the research and development of coating products within the field of passive fire protection (PFP), in which Hempel is determined to gain market share during the ...
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Hodgdon launches custom megayacht tenders
The tender division of Hodgdon Yachts in the US has launched two new, custom ‘Venetian-style’ tenders for an 80m megayacht under construction in Germany.
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NewsSmoker Craft sells furniture manufacturing business to Lippert Components
US boatbuilder Smoker Craft Inc announced Friday that the company has sold its in-house marine furniture manufacturing operation to Elkhart, Indiana-based Lippert Components Inc (LCI).
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US, Canada, Mexico sign USMCA trade agreement
US President Donald Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto signed the United States Mexico Canada Agreement (USMCA) in Argentina early Friday morning, officially replacing the former North America Free Trade Agreement (NAFTA) and establishing a course for future trade between the three countries.
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NewsVETUS Maxwell strengthens South American presence
VETUS Maxwell, the Dutch marine systems manufacturer, has appointed E&P Marine Inc as its representative for South America and the Caribbean. The Miami-based leisure equipment supplier will represent the VETUS and Maxwell product lines in the region from Mexico through to Brazil and across the Caribbean islands.
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NewsMaritimo near to completing major expansion
Australian luxury yacht brand Maritimo continues to move its activities up a gear through expansion of its facilities, dealer network and model range.
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NewsBeneteau America appoints outboard sales manager
Beneteau America has named Don Smith as the group’s new outboard sales manager, succeeding David Aldrich in the role. Smith has over 30 years’ experience in sales management and retail dealership. For the last 10 years, he has worked for Regal, Hatteras and Bertram Yacht.
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