Sector News – Page 228
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US pontoon builder’s expansion plans already paying off
Waco Manufacturing completed its move to larger facilities in Arkansas in March
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Bonnier marine group part of strategy shift
Swedish-owned Bonnier Group says it has restructured operations and is rebranding its media business as an “Outdoor Adventure Company”
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Polaris Q1 sales flatten under supply chain woes
Marine segment leads with 6% YoY sales growth, to $211.5m
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Hubbell reports Q1 sales, profit gains
Electrical equipment manufacturer reports 21% YoY revenue increase and near-40% jump in net income, reflecting what CEO describes as a “strong start” to 2022 fiscal year
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Sunseeker unveils new 100 Yacht
UK builder launches 29.9m vessel ahead of its delivery to the Med this summer
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Vita names builder for all-electric flagship
Hodgdon Yachts to produce the 10.5m LION in the US
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US brokerage expands into Rhode Island
Ft Lauderdale-based company opens new location in Newport
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Borrow A Boat wins 2022 BOLD Award, hints at IPO
The UK-based boat hire and yacht charter marketplace has already completed a string of successful crowdfunding rounds, acquisitions and country expansions
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Beneteau CEO to step down
Other key changes include new Boat Division CEO and board appointments
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Boats.co.uk appoints new dealers
Bates Wharf and Ideal Boats to represent UK firm’s Kawasaki PWCs
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Rain fails to dampen spirits as 13th International Multihull Show ends on a high
Despite some heavy rain, exhibitors reported good business levels over the five-day show
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Freedom Boat Clubs to be “electrification innovation centres” for the industry
The company’s on-water rental locations are valuable research labs, Brunswick president of business acceleration tells IBI
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Makefast expands manufacturing and assembly capacity
UK equipment firm reports excellent growth through 2021
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Classic boat charters under threat in Netherlands
The traditional Dutch ‘brown fleet’ was hit badly by the Covid years
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Exploring the potential of portable outboards
In spite of the threat of competition from electric motors, portable outboards continue to build on sustained demand
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Volvo Penta parent group reports Q1 results
Sweden’s Volvo Group, parent to marine engine maker Volvo Penta, released financial results today for the company’s first quarter highlighting ’continued strong performance’
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Mastercraft celebrates safety achievement
US builder reaches two million work hours without lost time incident
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Sustainability in Focus
On the occassion of Earth Day 2022, IBI highlights some of the wide-ranging initiatives being undertaken across the boating industry to safeguard the environment
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Harman Kardon in multi-year supply deal with US builder
Cobalt Boats chooses Harman Kardon Marine systems for its onboard entertainment