All Malaysia articles – Page 2
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NewsGrand Banks business update; new shutdown
Malyasia-based yacht builder Grand Banks reported an increase in revenues and significant uplift in profitability for its third quarter ending 31 March; production suspended this week due to new Covid outbreak
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NewsGrand Banks logs revenue and profit gains
Despite Covid-related challenges, luxury motoryacht builder Grand Banks Yachts closed out the first half of its fiscal year ending 31 December with increases in revenue, profit and new orders.
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NewsGrand Banks temporarily halts work due to Covid
The luxury motorboat builder Grand Banks has halted operations at its yard in Malaysia after an outbreak of Covid infections
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NewsControversial Malaysian marina project scrapped by state government
Construction at the site was halted in March due to Covid-19 A controversial RM43bn (US$14bn) port project including a yacht marina and cruise terminal promoted as being the largest in the region has been stopped by the state Government of Melaka (English name Malacca). Recent press reports ...
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NewsGrand Banks achieves Q1 profitability
Despite dampened business sentiment due to the COVID-19 pandemic, Grand Banks Yachts Ltd recorded quarterly revenue of S$24.6 million (€15.2m) for the three months ending 30 September 2020 – a dip of 5.7% compared to the same quarter last year. The Singapore publicly-listed company – parent of the Grand Banks ...
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NewsFirst online Asia Boating Dialogue a success
Today’s event offered considerable market information to the 170 delegates in attendance
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NewsGrand Banks introduces latest addition to its GB range
The GB54: “A revolution in fuel-efficient performance cruising” Source: Grand Banks Yachts Malaysia-based boatbuilder Grand Banks has unveiled the latest addition to its GB range. Described as a “revolution in fuel-efficient performance cruising”, the new GB54 burns just 216 litres per hour when cruising at a speed ...
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NewsGrand Banks reports results & plant closure
The Malaysian luxury boat builder finished its fiscal year 2020 on a strong note with a 30% increase in revenues and fifth consecutive year of profits despite 8 weeks of shutdown and restructuring costs.
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NewsGrand Banks resumes operations
The Board of Directors of Grand Banks Yachts Limited announced today that the group’s manufacturing yard in Pasir Gudang, Malaysia has received approval from the Government of Malaysia to resume operations with immediate effect. Grand Banks Malaysia Grand Banks’ production facility in Malaysia employs 667 workers. The ...
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NewsTemporary closure at Grand Banks Malaysian yard
In compliance with government orders, Grand Banks Yachts has closed its manufacturing operation in Pasif Gudang, Malaysia where it employees 763 workers, for a 14-day period; no material impact expected
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NewsGrand Banks reports 10-year high for order book
Singapore-based boat builder of the Grand Banks and Palm BeachMotor Yacht brands posted a strong first half with a 66% increase in net profit to S$2.0 million (US$1.5m) and a net order book worth S$64 million (US$46m); the company’s Palm Beach GT60 (above) makes its debut at the Miami show ...
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NewsFairline expands Asian dealer network with Simpson Marine
Hong Kong-based yacht sales and brokerage firm Simpson Marine has extended its Fairline Yachts dealership into North and South East Asia.
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Article
Penang Rendezvous joins Asian yachting events calendar
First edition highlights Malaysia’s growing leisure marine presence
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Article
Superyacht Equanimity saga continues
Handover of US$250m yacht to US authorities could be imminent
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Article
Sirena Yachts appoints new dealer
Derani Yachts to exclusively represent Sirena in Singapore, Malaysia and Thailand
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ArticleSimpson Marine to represent Aquila in Asia
Hong Kong dealership becomes official representative of Aquila Power Catamarans
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Article
Hacker-Craft appoints new dealer
Thailand-based Classic Boats Lifestyle to represent US builder in SE Asia
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Article
McConaghy Boats MD steps down as employee
Jono Morris to resign in order to take role of production coordinator at Grand Banks in Malaysia
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Article
US Department of Justice moves to seize Oceanco Equanimity
A lawsuit was filed in a Los Angeles federal court last week
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ArticleMalaysian yacht club appoints general manager
Tayfun Korsal will run the Royal Langkawi Yacht Club and help promote the region as a marine tourism hub
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