Sector News – Page 17
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Webasto ushers in new era of roof and aircon technology for boats
The HVAC specialist will present a number of new innovations at METSTRADE
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MTI sold to employees
US performance boat builder now 100% employee-owned through new stock ownership plan as founder prepares for retirement
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Brazil’s 9th Nautical Congress unveils economic impact of marine tourism
Last month’s event was held as part of the 2024 São Paulo Boat Show
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Italian superyacht builders launch new models, concepts
Baglietto held two world premieres at the recent Monaco Yacht Show; Mangusta introduced its Oceano 52 concept
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Dutch SY yard introduces resale initiative for owners
Feadship Resale follows numerous requests from owners looking to sell their yachts
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Patrick Industries to offer US$500m of senior notes
Net proceeds will be used to redeem US$300m of 7.5% Senior Notes due 2027, repay a portion of its borrowings, and cover fees and expenses
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Italy to host new B2B trade fair for sustainable innovation
MIT.EQ (Marine Innovation Technology Equipment Expo) will be held in Rimini in March
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New Bali marina to position Indonesia as maritime hub
The marina should become operational in late in 2025
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Wescom names new head of sales, electronics
Jack Sharland will be responsible for driving growth in the Electronics division
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Vision Marine gets extension to comply with Nasdaq listing requirements
Beleaguered firm also announces second reverse stock split
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Prestige expands Asia-Pacific footprint with new South Korean dealer
Hyundai Yachts will represent the Italian brand in the Republic of Korea
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Polish builder expands model range, considers own facilities
Cormorant Yachts may build its own shipyard in the future
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Cancun cancelled, could return as Latin American show with heavier B2B component
The 2024 Cancun International Boat Show was due to be held in December
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SA boatbuilding mourns loss of pioneering yard owner
Fuad Jacobs set up a black-owned yard at the height of Apartheid
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TEMO forms US subsidiary to accelerate brand in North America
The opening of TEMO USA will make it easier to supply the dealer network
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UAE to be major investor in new Egyptian coastal megaproject
Master plan for Ras El Hekma includes five marinas
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Sunseeker London sees increased turnover but profits reduced
UK broker says turbulent operating environment in 2023 has strengthened its commitment to long-term objectives
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Record attendance at 27th São Paulo show
Brazil’s leading nautical event attracted an audience of around 40,000 people
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French design firm advances catamaran project
Finot-Conq Architectes is turning its focus to the booming multihull segment
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US tariffs hurting Chinese exporters
But it’s becoming part of the business landscape, exhibitors told IBI at IBEX