Sector News – Page 38
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Larnaca port & marina development split into separate projects
Cyprian government approves request for split in effort to move the project along
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KVH Q2 revenues dip by 15%
Quarterly result includes $1.2m in employee termination costs related to wind-down of satcom terminal manufacturing business
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Extreme Cape Town weather inspires new HopYacht design
South African builder collaborates with North Sails to create new helm station enclosure
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Ferretti launches first Infynito 80 at new Italian yard
The Ravenna site is now home to five production lines for the Ferretti and Wally brands
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Rolls-Royce Power Systems reports strong first-half
Positive business figures the result of new strategy presented in autumn 2023
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Integrel Solutions in supply deal with US builder
UK firm partners with McConaghy Boats to deliver advanced 48V marine systems
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Polish subcontractor intensifies efforts to promote own brand
Wiszniewski Yachts is also planning the launch of a second motoryacht model of 48ft
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Baltimore marina sold
New buyer plans significant redevelopment of former Yacht Basin Marina, including new docks, new commercial space and Freedom Boat Club franchise
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SA composites firm grows footprint following acquisition
Aerontec is now owned by global composites distributor The Biesterfeld Group
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Mixed Q2 for Myers Industries
US fuel tank builder posts revenue gains but lowers full-year guidance on continued softness in recreational end markets, including marine
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Cummins posts record Q2 revenues of $8.8bn
US engine builder reports record sales and higher profitability in strong second quarter, leading it to raise full-year guidance
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BIA: Australian industry turnover up 5% 2023/24
Boating industry association presents latest figures on opening day of the Sydney show
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First Omaya 50 emerges from mould
Bulgarian builder issues production update for new 50ft catamaran
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Yanmar to launch first electric propulsion product at Cannes
The E-Sail Drive marks the engine firm’s first step into electric propulsion
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Sanlorenzo signs binding agreement to acquire Nautor Swan
Italian superyacht builder to buy Finnish yard and its subsidiaries
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IEMA to set up headquarters in Barcelona?
The International Electric Marine Association has its sights on the Catalan capital
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ABYC publishes updated build and repair standards
Free webinar on August 14 to review updated standards and available compliance resources in order to meet MY2026 requirements
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Garmin Q2 revenues up 14% to record $1.51bn
Electronics giant marks fourth consecutive quarter of double-digit growth, with marine segment revenues up 26%