Sector News – Page 260
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Miami voters reject lease for Virginia Key marina operators
Voters rejected the 75-year marina lease deal by a margin of 53% to 47%
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Founders of E1 World Electric Powerboat Series on plans to turbocharge electric boating
E1 Series Co-Founder & CEO Rodi Basso tells IBI about plans that look set to transform the concept of powerboat racing
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Boating World confirms South African boat import milestone with first Azimut Verve 47
The 14.5m yacht arrived in Cape Town at the weekend
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Lippert Components rides demand wave
US-based LCI Industries reported record sales today for its the third quarter, based on continued strong demand in the recreation space; the company’s marine business outperformed other segments
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Former Garmin sales director launches new business
Dan Soeters has formed an international network of sales and distribution specialists
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Cummins Q3 revenues up 17% to US$6bn
Engine segment revenues of near $2.6bn mark 22% YOY gain, but continuing supply constraints lead engine builder to adjust full-year guidance
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A record FLIBS for Brunswick by all measures
Demand for Brunswick’s premium boat brands continues to set the pace
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Dutch boatbuilder to open new facilities in 2022 as sales grow
New facilities to be built next year
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Maritimo reports FLIBS 2021 as one of most successful shows
Strong response to North American debut of M55 and S55 models
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Australian publication relaunches under new ownership
Marine industry magazine to be rebranded as a digital product
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Patrick expands marine footprint
In its third marine-focused acquisition of the year, Patrick Industries has further expanded its portfolio of marine products with the addition of an audio product specialist
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METSTRADE 2021: Anticipation builds in run-up to show
The annual gathering of the world’s marine equipment firms takes place later this month
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Sunsail returns to the Abacos, Bahamas
Charter business returns following devastation caused by Hurricane Dorian in 2019
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US ports to begin fining shippers for container delays
California container ports accelerate ship unloading, but now running out of room as offloaded containers awaiting trucks clog the docks
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‘Father of Green Chemistry’ wins Volvo Environment Prize 2021
As the world’s political, scientific and business leaders gather in Glasgow this week seeking tangible actions to address climate change, Yale professor Paul Anastas – this year’s winner of the Volvo Environment Prize – delivers an insipiring and timely message for all
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Harwood Capital abandons takeover plan for superyacht services business GYG
Group believes it will be able to meet working capital and due debt repayment commitments
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EU Commissioner & US President announce suspension of tariff dispute
The agreement includes lifting of the EU’s retaliatory tariffs on boats and engines, along with other US products that have been penalised in the dispute
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New OXE Marine CEO reports on his 1st quarter at the helm
Sweden’s diesel outboard engine maker, OXE Marine saw an uplift in sales, gross margins and order book for its third quarter results
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Taiwan showcases its capabilities at FLIBS
Monte Fino Yachts, Horizon, Dyna Tailor-Made and Jade Yachts among exhibitors
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“Clock ticking, time to end tariffs once and for all” - marine industry joins call ahead of G20 Summit
EBI and NMMA among those urging leaders to remove retaliatory tariffs