All News articles – Page 584
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NewsPrincess Yachts appeal to UK government answered
Following an urgent request for government backing made by its executive chairman Antony Sheriff on the 26th March, Princess Yachts has managed to secure the funding which it was being denied as an apparent oversight in the government’s Corona Large Business Interruption Scheme. Initially the company was caught in the ...
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NewsFincantieri reports 2019 loss due to Vard restructure costs
The negative performance restructuring costs of the Vard Group, a subsidiary of the Italian state-owned Fincantieri shipbuilding group, has caused Fincantieri to report a loss of €148m for 2019 compared with a profit of €69m in the previous year. Vard is currently participating in the build the REV Ocean82, the ...
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NewsMaverick Boat Group adapts to remain operational
Maverick Boat Group (MBG) continues to build its four brands at two locations in Fort Pierce, Florida, despite the challenges of producing product under the rules of engagement with the COVID-19 virus, and company CEO Scott Deal went to Facebook on Friday to make it clear.
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NewsSA boatbuilders start to cut salaries as possible lockdown extension looms
South African boatbuilders have started cutting salaries or forcing employees to take unpaid leave due to the coronavirus lockdown, according to results of an industry survey.
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NewsMarine lenders working with boaters/dealers, independently
A call for US marine lenders to temporarily postpone boat loan payments is being answered, but not collectively or formally, according to bankers involved in both consumer and commercial boat loans. National Marine Lenders Association president John Haymond – a Sr VP of Business Development with Medallion Bank – told ...
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NewsPolish builder continues production, exports despite coronavirus outbreak
Polish boatbuilder Balt-Yacht says that, despite the ongoing coronavirus outbreak, its sales have not significantly decreased, with only a handful of orders cancelled by customers. The company is also proceeding with exports of its yachts.
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NewsFairline appoints sales manager for the Americas
The UK’s Fairline Yachts has appointed Steve Leeson as sales manager for the Americas.
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NewsBeyond COVID-19
IBI’s weekly reminder that despite the unique set of events gripping the world, there are positives out there.Today’s Beyond Covid-19 highlights new investments, innovations and marine firms doing their bit in the battle against the Coronavirus.
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NewsGlobal Covid-19 update
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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NewsDutch boating sector issues vouchers for cancelled services
The Dutch recreational boating sector has launched a voucher system for people who have paid for a rental, training course, holiday package or other service that was cancelled due to the coronavirus outbreak. The vouchers can be used at a later date for a new booking with the same company ...
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NewsRiviera launches online boat show
Australian motoryacht builder is launching its own boat show, featuring a limited selection of new Riviera and Belize motoryachts that will be available for enjoyment in the near future. The show is intended to inspire new owners to start thinking about the coming boating season and their future boating escapes.
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NewsNew marina projects planned for Bahamas and Costa Rica
South Abaco island and Puerto Limon to get new facilities
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NewsMarine manufacturers seek out production opportunities
US marine manufacturers large and small continue to look for opportunities to aid in the fight against the COVID-19 pandemic while keeping people safe and working.
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NewsSHOXS in supply deal with Royal National Lifeboat Institution
Canada-based marine seating specialist SHOXS has announced that the UK’s Royal National Lifeboat Institution (RNLI) has chosen the company’s suspension systems to refit and upgrade its Severn class lifeboats.
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NewsDometic picks up 2020 Red Dot design award
Dometic has picked up a 2020 Red Dot design award for its CFX3 powered cooler/freezer box.
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NewsLatest Spanish data reflects impact of coronavirus
Market plummets in March as lock downs take their toll
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NewsCoronavirus update | 2 April
Mustang Survival begins producing medical gowns; Viking Yachts, Ocean Safety issue business updates; Versilia Yachting Rendez-Vous cancelled
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NewsTorqeedo marks delivery of 100,000th electric drive
Torqeedo CEO and co-founder Christoph Ballin Source: Christian-Brecheis Torqeedo, the German electric propulsion specialist, is celebrating the delivery of its 100,000th electric drive – an important milestone for the German engineering firm which is also celebrating its 15th year of business in 2020. The delivery went to ...
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NewsMarineMax expects Q2 revenues equal to or above 2019
America’s largest boat retailer announced expected revenues for its second quarter ending 31 March of $303 to $308 million, along with further insights on how the Cornovirus is affecting the company
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