Sector News – Page 318
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NewsZhik appoints Dutch distributor
Kubus Sports will represent the company in the Netherlands and Luxembourg
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NewsSpanish refit yard launches TPA service for non-EU vessels
Spanish refit and repair yard Varadero Valencia has launched a new TPA tax management service that allows non-EU owned and flagged vessels to avoid paying 21% VAT on repairs and maintenance, regardless of whether they are clients or not.
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NewsCaterpillar reports tough Q4, full-year 2020 results
Lower end-user demand and reduced dealer inventories responsible for sales drop
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NewsPrincess X95 receives UK’s first RCR certificate of conformity
The UK’s Princess Yachts has become the first boatbuilder to receive a UKCA RCR certificate of conformity from HPi-CEproof for its Princess X95 model.
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NewsNew A$120m-plus Western Australia marina project advances with major dredging tender soon
Spoilbank Marina project to be completed by late 2022
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NewsBrunswick sees strong growth and M&A activity for 2021
Questions about capacity, volumes, earnings, acquisition opportunities and channel expansions were answered in today’s call with analysts; boat production expected to hit 40,000 units by 2022
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NewsFerretti renews Itama range
The Italian builder introduces upgrades to the Itama 45S, 62S and 75
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NewsPrincess Yachts NSW moves to new Sydney HQ
Princess Yachts NSW has moved to a new head office in Sydney, Austalia, relocating to the heart of Double Bay.
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NewsNo significant movement on trade expected early from Biden administration
Don’t expect any significant movement on trade in the first 100 days of US President Joe Biden’s new administration, as the focus of the White House becomes the Covid-19 pandemic, the economy and the environment – three areas that have and will continue to affect the US recreational boating industry, ...
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NewsAppointment at T-H Marine
Alabama, US-based marine equipment manufacturer T-H Marine Supplies Inc has named Chris Drahman as its new national sales and marketing manager, with immediate effect.
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NewsAicon Yachts to launch two new models in 2021 as part of brand’s ongoing rebuild
Following the global launch of the Aicon 66 at the Miami Yacht Show last year, the rebuilding of the Italian Aicon brand will continue in 2021 with the launch of two more models – the Aicon 78 and the Aicon Navetta 110. A further two new models – the Aicon ...
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NewsAround the world in 80 days, and a sprint to the finish
After 80 days of racing around the world – across more than 28,600 miles and every type of weather imaginable – five of the sailors in the Vendée Globe are within 200 miles of the finish line at Les Sables d’Olonne, France where they departed on November 8. (See ...
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NewsWake surf challenges in US “a perennial threat”
A move in the state of Virginia to keep wake surf boats 200ft from shore failed to gain enough support for full consideration by the legislature, but across the US in the state of Oregon, a decision is expected tonight to ban all tow sports on a 20-mile stretch of ...
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NewsNew Qatari owners for Antalya commercial port
Port Akdeniz includes a 235-berth marina operated by Setur Marinas
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NewsBig Q4 caps “year of extremes” for Marine Products Corporation
Strong sales of larger boats with greater feature content propelled Marine Products Corp to a 47.6% YOY sales increase during the fourth quarter Georgia, US-based Marine Products Corporation released its 2020 fourth-quarter and full-year financial results on Wednesday, ending a year of unprecedented upheaval on thoroughly solid ...
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NewsSwedish boatbuilder to launch new models, increase production capacities
Sweden’s Nimbus Group plans to introduce two new models this year
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NewsDutch foil-maker sees growth in recreational boating
Rik Breur won a European Inventor Award in 2019 for his Finsulate hull foil covered in tiny nylon microfibres to repel algae, barnacles and mussels In 2020, the Covid-19 pandemic was unkind to Dutchman Rik Breur. It prevented better sales of his antifouling system than he had ...
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NewsYacht management firm launches in South Africa
A new black-owned boat management and maintenance company has launched into the South African leisure boating sector.
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NewsSolid Q4 and year for Polaris; $600m in 2020 boat sales
Revenue gains of 24% for Q4 and 4% for full year highlight strong results for US boat and powersports equipment manufacturer
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