Sector News – Page 347
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NewsInforma reports £739.9m loss as Covid-19 disrupts events schedule
The impact of the Covid-19 pandemic on the global events calendar is shown in the reporting today of the first-half results for UK-listed Informa Plc, the world’s largest events business. Informa has reported a statutory pre-tax loss of £739.9m for HI 2020, a 398% fall on the profit of £248.3m ...
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NewsAzimut-Benetti CEO announces closer brand links & new model plan
Group financial results better than last year and nine new models planned over the next 18 months
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NewsHarken Inc gets new owners
Harken Inc, the US-based deck hardware manufacturer, has been acquired by its employees. The news comes not long after the company announced that it had acquired its longtime Dutch distributor, On Deck BV, for an undisclosed sum.
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NewsCooney Marine announces biggest expansion in firm’s history
UK marine equipment manufacturer Cooney Marine has announced the largest expansion in the firm’s history, with the addition of a new 9,000sq ft state-of-the-art production facility and a high-tech design and technology centre at its Kettering site.
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NewsGreek marina handover period extended
The Hellenic Republic Asset Development Fund (HRADF), also known as TAIPED, has extended the period of completion of the transaction that concerns Alimos Marina in Greece to Friday, October 30. The transaction concerns the transfer for the utilisation of the marina to Aktor Concessions and at the same time the ...
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NewsScandinavian companies partner on electric engine development
Evoy and Oxe Marine team up to test high-powered electric outboard concept
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NewsVETUS launches virtual boat show
Dutch equipment distributor and manufacturer VETUS has launched a virtual boat show in order to showcase its products and systems. The VETUS Virtual Boat Show allows visitors to ‘walk’ around the company’s virtual stand, browse a range of equipment, and view product information and specifications. The platform will also be ...
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NewsUK maritime training business fighting to survive
Red Ensign Training hit hard by Covid-19 and impact on marine industry
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NewsNova Luxe president targets ‘remote worker’ for future yacht sales
Nova Luxe president Marc Hawxhurst believes the rise of the ‘remote worker’ signals a new frontier in growing the global yacht market.
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NewsSunseeker invests capital to accelerate growth
Sunseeker has been back to full production since June The UK’s Sunseeker International, together with backing from its Chinese majority shareholder Dalian Wanda, is investing additional working capital with immediate effect in order to accelerate future growth plans. The brand is investing over £38m in new product ...
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NewsPrincess Yachts takes on record number of apprentices
The UK’s Princess Yachts is taking on a record number of 66 new apprentices this September after conducting 224 Zoom interviews for the positions over the lockdown period.
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NewsBalearic Islands to host first virtual Balearic Yacht Show
The Mallorca Chamber of Commerce and Balearic Marine Cluster have announced the launch of a new virtual boat show that will provide a unique opportunity to digitalise the nautical companies in the Balearics and reach a more international audience.
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NewsWhisperPower appoints French distributor
Dutch power and propulsion specialist WhisperPower has chosen SEIMI, part of the Alliance Marine Group, to serve as its overall distributor for the marine markets in France.
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NewsParis Boat Show reorganisation and pleas for government support
The forthcoming Paris Boat Show to be held from December 5th to 13th and organised by the Fédération des Industries Nautiques (FIN) will have a very different layout this year. The exhibition will be reconfigured using Halls 3, 4 and 6 of the Porte de Versailles venue. It will not ...
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NewsBOATS2020 appeal to Secretaries of State rejected
Southampton City Council cancelled this year’s event on the eve of the show
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NewsRiviera reports strong sales of flagship model
The launch at the Sanctuary Cove International Boat Show in May last year of three Riviera Sports Yacht models in a new Platinum Edition saw the Australian boatbuilder move up a gear into a more luxury styling. The success of that initiative has been highlighted with news that it has ...
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NewsOXE agrees major order but scales back on 2020 growth forecast
Swedish diesel outboard engine manufacturer OXE Marine has signed a letter of intent with current central and southwest US distributor Diesel Outboards LLC (part of the Outdoor Network group) to expand ODN’s distribution territory to also cover southeast US. ODN’s expanded territory will include Florida, which according to OXE representants ...
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NewsBeneteau sells US plant; scales back at other facilities
Group Beneteau’s US production facility in Marion, South Carolina is being purchased by a fibreglass pool manufacturer, while the Group reduces production capacity and headcount across other facilities
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NewsVIVIC signs US$100m contract for development of electric yacht
VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it has completed ...
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NewsOsculati reports stable 2020
Osculati, the Italian distributor of marine equipment and accessories, is reporting stable growth with total revenues for the year ended 31 August 2020 of €71m compared to €72m in 2019.
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