Sector News – Page 355
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NewsLippert reports mixed Q2 results, together with surging summer demand
The US-based component supplier saw sales declines related to OEM shutdowns early in the second quarter, offset by a 109% jump in aftermarket sales and surging June and July retail demand in the outdoor-leisure segment
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NewsPantaenius launches third party liability insurance for UK skippers
New policy applies to UK-based skippers of rented or chartered boats
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NewsHurricane Isaias lands in US as Category 1
While downgraded on Tuesday back to a Tropical Storm, Isaias defied predictions, regaining strength before coming ashore overnight as a Category 1 Hurricane near the North/South Carolina border. The storm is working its way up the Eastern seaboard leaving destruction in its wake. In Southport, North Carolina, South Harbour Marina ...
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NewsScania targets US cruising yacht market with two new engines
Introduction of new 900hp and 1,150hp diesels aims to grow footprint in North American leisure marine segment
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NewsPhilippines Boat Show postponed
The annual Sea-Ex exhibition in the Philippines, due to have been held at the Pasay City SMX Convention Centre in October this year, has been postponed until May or October 2021. The organisers Headsail Inc/Sea-Ex are expected to announce the new dates later this year.
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NewsFerretti expands sales and presence in Asia Pacific
Italian builder reports €70m in sales, two new dealership signings and continued expansion across the region
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NewsQuarry-littered island to become major Chinese tourism destination
Marina at centre of NDA-designed multimillion-yuan project
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NewsIPM-IMG group marinas secure Safe Tourism Marinas certification against Covid-19
New standard emphasises group action to initiate anti-virus protocols
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NewsOlympic Yacht Show to feature more than 80 yachts
Preparations are well underway for this year’s inaugural event
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NewsSirena Yachts sells sixth Sirena 88 flagship
The 26.8m Sirena 88 made its debut at Cannes 2019 Source: Jeff Brown Turkish boatbuilder Sirena Yachts has sold its sixth 26.8m Sirena 88 flagship model, the largest in the Sirena range, following its debut at the Cannes Yachting Festival in 2019. With naval architecture by German ...
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NewsDutch boatbuilder begins work on new 184ft yacht
Vitters plans to deliver the new sailing yacht to its owner in 2022
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NewsJohnson Outdoors Q3 revenues down 21%
Strong demand for fishing products through May and June not enough to offset impact of April Covid-19 shutdowns
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NewsNew private island development in Bahamas to have superyacht marina
A new private island resort called Montage Cay is currently under development in the Bahamas with completion set for 2023. The new destination will include a 46-berth marina able to accommodate yachts up to 33.5m (110ft) into Montage Cay.
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NewsYamaha Motor starts evaluation trials on next-generation control system
New HARMO platform integrates electric propulsion unit and steering system
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NewsNorwegian Evinrude distributor reorganises
The Nordkapp 905 Gran Coupe with Evinrude engines After losing the distribution of approximately 3,000 Evinrude outboard engines on the Norwegian and Swedish market each year, distributor Frydenbo is to reorganise its business. “We have already done some reorganisation and more will come,” Frydenbo CEO Hans Petter ...
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NewsEU invests in Europe’s first gigafactory of lithium-ion batteries
The European Investment Bank – the EU’s long-term lending arm – is investing €300m toward the financing of Northvolt One, Europe’s first gigafactory for green lithium-ion battery cells in northern Sweden.
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NewsArgo Yachting awarded Saxdor franchise for Spain and northern Germany
Argo Yachting, sister brand to Princess Motor Yacht Sales, the world’s largest distributor of Princess Yachts, has been awarded exclusive distribution rights to market the Finnish-designed Saxdor Yachts in the Baltic coast of Germany and the Spanish territories of the Balearics, Malaga, Puerto Banus and Sotogrande.
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NewsRiviera investing A$10m in expansion of production facility
Two-year project to provide capacity to meet growing demand
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NewsBrunswick reports Q2 results revealing Covid impact on industry’s largest player
US boat and engine manufacturer sees strong retail demand, following a -15.2% decline in sales in the second quarter including a -32% drop in boat segment sales for the period; With current recovery pace, the company expects to meet its 2022 financial targets and sent stock soaring to highest-ever level
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NewsCatalano Shipping expands superyacht support into Asia-Pacific with NZ purchase
Company also plans to open in Spain next year
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