Sector News – Page 307
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NewsYamaha to power White Shark
Yamaha Motor Europe has announced that from now until 2026, all White Shark boats distributed in Europe will be fitted exclusively with a single or twin rig of Yamaha outboard engines. Fabrice Lacoume, MD of Yamaha Motor Europe, explains: ‘‘We are very excited to begin this long-term agreement with White ...
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NewsGenting HK boss buys group’s stake in Grand Banks Yachts
Move designed to boost liquidity at financially challenged Genting
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NewsChris-Craft sees continued retail growth
US outdoor product manufacturer and parent company to Chris-Craft boats, Winnebago Industries, reported record Q2 revenues and profitability amidst continued growth prospects for the outdoor recreation sector
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NewsSuntex announces recapitalisation to further fuel growth
Capital injection allows US marina operator to build on its existing portfolio
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NewsVW strategy leader joins Silent-Yachts Advisory Board
Michael Jost’s appointment follows hiring of former Tesla executive in January
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NewsNavico strengthens Norwegian presence
Navico, parent company to the Lowrance, Simrad Yachting, B&G and C-MAP brands of marine electronics, has named FLAK AS as its new distributor for Norway. The appointment signals Navico’s intention to expand business within the Norwegian market. “We are delighted to appoint FLAK as our distributor for Norway. This new ...
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NewsCosta Rica eases way for foreign superyachts
New marina reform law removes hurdles for yacht owners
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NewsOceanco and Pininfarina unveil new hybrid superyacht concept
Batteries are the primary source of energy on Kairos
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NewsNMDA announces new dates for S.T.E.P. 2021
The National Marine Distributors Association (NMDA) Board of Directors has announced the new dates for S.T.E.P. 2021. S.T.E.P. (Sales, Training, Education and Purchasing) was held for 28 consecutive years until the cancellation of the 2020 event. The event is now scheduled for an August 2nd opening with the annual meeting ...
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NewsShortage of semiconductors hits production at Volvo Group
Manufacturing delays of up to a month expected in Q2; Volvo Penta comments
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NewsAquavista Marinas reports £3.5m loss in first full fiscal year
UK company drew down £2m to cope with Covid but trading is resilient
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NewsSouthampton show organiser reveals new layout, changes to 2021 event
UK trade association British Marine, organiser of the Southampton International Boat Show, has confirmed that Britain’s biggest festival of boating will be returning to Mayflower Park this year (September 10-19) with a bold new layout and several other changes to enhance the visitor experience. Working in partnership with Southampton City ...
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NewsMichigan Wheel expands presence in Italy
UK-based Michigan Marine Propulsion has chosen power specialist VTE Marine (VTE) to distribute their Michigan Wheel-branded outboard and sterndrive propeller ranges in Italy. VTE Marine is owned by VTE Srl, manufacturer of Paguro generators. “The time is right to expand our presence in Italy with the increased demand we are ...
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NewsIsraeli broker appointed representative of Germany’s YYachts
YYachts are built at the Greifswald yard owned my Michel Schmidt, the former CEO and founder of of HanseYachts Israeli company Ofek Yachts was recently appointed as the Israeli and Cyprian representative of Germany’s YYachts, the Israeli broker told IBI this week. YYachts are built at Michael ...
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NewsFairline Yachts puts finances in place to cope with challenging times
British motorboat builder secures £26m-plus in finance facilities to address Brexit and pandemic uncertainties; the company suffered significant loses in fiscal 2019
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NewsArksen sells first 85 Explorer, two more to be built on spec
Project Ocean due for delivery in spring 2022
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NewsPartnership clears last hurdle toward Dana Point revitalisation
The project is expected to be completed in 2026
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NewsProspects bleak for Russian yacht charter operators
Europe’s sluggish vaccine roll-out and the threat of more lockdowns dash hopes of Russia’s struggling charter brokers
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