Sector News – Page 385
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NewsFinnboat reports thriving export market
Finnboat, the Finnish marine industries association, has announced that its member companies generated nearly €600m in sales last year – a 10% increase over the previous 12-month period. Employment improved and exports are growing strongly.
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NewsOCIBAR acquires Spanish superyacht marina
OCIBAR, the Spanish marina management company, has significantly expanded its operation with the acquisition for an undisclosed sum of the Port Tarraco superyacht marina in Tarragona. The purchase was made from the Qatari Diar Fund, which is linked to Qatar’s sovereign wealth fund.
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NewsYamaha expands technical school partnership program
Yamaha Marine has expanded its technical school partnership program in the US with the official grand opening of a new marine technology building at National Park College in Hot Springs, Arkansas.
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NewsMalibu Boats reports solid Q2 sales
Higher sales, higher unit volumes and higher net sales per unit lead to solid second quarter for US boatbuilder
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NewsGetMyBoat docks in Uganda
The Republic of Uganda – searching for ways to better utilise its water resources – is turning to tourism, and GetMyBoat.com is jumping on board to not only draw visitors to the country’s lakes, but enable local Ugandans access to safe, quality boats for transport and entertainment.
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NewsBeneteau confirms positive outlook for 2020
French boatbuilder Beneteau Group confirmed a positive financial outlook for the Boat Division’s 2019-2020 financial year, based on ‘robust’ trends in European and charter markets
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NewsMisty Harbor to close Iowa plant
Pontoon boat manufacturer Misty Harbor is closing its manufacturing plant in Iowa to consolidate operations at its headquarters in Indiana “to optimise operational efficiency and reduce logistical costs, the company announced Monday afternoon. 45 employees will lose their jobs.
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NewsSofter Q2 for MasterCraft
MasterCraft Boat Holdings Inc reported declines in net sales, net income and adjusted ABITA in its 2020 second quarter results, reflecting impacts of a weather-dampened summer 2019 retail season and subsequent measures to “right-size” dealer inventories.
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NewsMarinas and yachting contribute 1.41% to Greek GDP
Further marina privatisations anticipated to add another 1%
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NewsSeven Asian boat shows cancel or review dates
Korea and Hong Kong shows postponed in response to the Coronavirus threat, while other Asian show organisers are closely monitoring the situation
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NewsKiriacoulis Mediterranean buys Greek marina
Majority shareholder acquires remaining 40% stake in Kalamata Marina
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NewsBahamas to host Yacht Charter Show
Citing the economic benefits of the yachting industry to the islands in general, and the role the yachting community played in hurricane recovery efforts, the Bahamas Ministry of Tourism has announced the first-ever Bahamas Charter Show, to be held 27 February to 1 March. The show will produced by Ft ...
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NewsSanlorenzo opens new production facilities in Ameglia
The project began in 2018 and involved over 200 workers, 20,000 hours of design and 250,000 man hours
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NewsAppointment at Beneteau
Groupe Beneteau announced last week that the company has named Bruno Thivoyon as its new group chief financial officer (CFO).
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NewsHigher horsepower drives outboard engine sales to 13-year high
US consumer demand for newer, technologically advanced, higher horsepower engines has driven US outboard sales to a 13-year high, nearly reaching pre-recession sales levels, according to the National Marine Manufacturers Association (NMMA).
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NewsItaly’s marine trade associations reunite
Members of UCINA and Nautica Italiana agreed to combine their organisations into one body to represent Italy’s boating industry domestically and internationally
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NewsMarine business advisors launch worldwide service
For businesses entering the market or for existing businesses looking to expand or broaden their horizons, a new group has formed that will offer advice, quality data and business management support.
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NewsDavid Tydeman leaves Fairline having fulfilled remit
Tydeman’s directorship at Fairline was terminated on January 14
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NewsJohnson Outdoors posts solid Q1 results
Outdoor recreation equipment manufacturer Johnson Outdoors released its 2020 first quarter results on Friday, reporting higher sales and double-digit growth in net income.
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NewsSri Lankan port development to include new Yacht Marina Zone
The Sri Lankan port of Galle, a leading yacht destination in the island nation, is to be expanded into a tourist port which will see its current yacht facilities upgraded with a new Yacht Marina Zone.
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