Sector News – Page 408
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NewsCatana expands sales team
French multihull builder the Catana has hired Matija Klemenc as the group’s new regional sales manager for Central European markets and charter clients.
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NewsBrunswick’s 2nd quarter results show a weakening US market
The industry’s global leader posted a solid performance for the first half of 2019, but a slowdown in wholesale shipments reflects concerns about weaker market conditions for the remainder of the year
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NewsItalian SY builder enters refit market
Italy’s Rosetti Superyachts (RSY) is currently engaged in building a 38m (118ft) expedition yacht, which is set for delivery in 2020 in line with the owner’s request. The company, a division of the Rosetti Marino Group, also plans to enter the superyacht refit market, making use of its 180m (591ft) ...
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NewsSydney International Boat Show set for busy time
With just one week to go before the 52nd Sydney International Boat Show (SIBS) opens, the build-up to this – the biggest southern hemisphere marine leisure event – suggests it will be a busy five-day gathering. The IFBSO event, organised by the Boating Industry Association (BIA) and running from August ...
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NewsProtests could derail €30m Spanish marina project
Spain’s United Left (Izquierda Unida), Equo, and Adelante Andalucía parties have declared their opposition to a new marina with at least 500 berths that is to be developed in Motril on the Spanish Mediterranean coast.
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NewsMoonen ‘close to entering new era’ with new investor
Moonen Yachts says it has a new investor to replace Mexican steelmaker Altos Hornos de Mexico (AHMSA), whose financial downfall plunged the Dutch superyacht-maker into bankruptcy on July 11.
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NewsItalian builder grows production
Absolute, the Italian yacht-builder, says it plans to expand production in its current fiscal year ending September 31, 2019 to 85 units compared to around 75 in 2016-17 – an increase of some 13%.
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NewsBrunswick looks to trim US$35m, additional layoffs coming
More layoffs are instore at Brunswick Corp subsidiaries as the company announces plans to produce up to US$35m in “cost reductions”, suggesting details will be delivered during a quarterly earning conference call with stock market analysts on Thursday.
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NewsPolish boatbuilder reports increased exports
Galeon, a prominent exhibitor at the recent Wind & Water boat show in Poland, is reporting strong exports. The news comes not long after Galeon picked up a 2018 IBI-METSTRADE Boat Builder Award in the Innovative Onboard Design Solution category for its 640 Fly and 650 Skydeck models.
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NewsBoat stocks sink amid Wall Street fears
Boating-related stocks took a beating Monday as analysts cut earnings and target estimates on the news of declining US boat sales, showing signs that the marine industry’s eight years of sustained growth could be nearing an end.
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NewsObituary: Ron Allatt
Ron Allatt, co-founder of Australian deck hardware manufacturer Ronstan, passed away peacefully last week with his wife Jan at his side. He was 89.
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NewsLinssen reports strong first-half
Linssen Yachts of the Netherlands says it delivered 87 yachts in the first half of 2019, including its entire fleet of pre-owned vessels. Marketing manager Paul Beelen said the deliveries comprised 61 new and 26 used motoryachts.
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NewsBrazilian builder launches new joystick-controlled yacht
One of Brazil’s biggest boatbuilders has introduced a new flybridge cruiser that it describes as the world’s first leisure boat without a steering wheel.
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NewsSunseeker reports solid growth in profitability
The UK’s Sunseeker International has reported substantial growth in gross margins and retained profit for the year ended December 31, 2018.
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NewsGreen light for Suntex marina redevelopment
Suntex Marina Investors in the US today announced that the Fort Lauderdale City Commission has voted unanimously to approve plans for the renovation of Las Olas Marina.
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NewsPorto Montenegro names new tenants
Porto Montenegro has announced that Monte Carlo Yachts, Beneteau and Sunreef Yachts opened offices at its marina this summer, strengthening its position as one of the Mediterranean’s leading luxury yacht homeports and marina villages.
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NewsLeading boatbuilders to benefit from large-scale charter fleet order
The Moorings, Sunsail and Footloose have announced a $130m investment in new charter products by parent company Travelopia Yachts. Jenneau, Beneteau, Lagoon and Robertson & Caine are among the brands which will be receiving orders according to the charter operator
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NewsLengers reports two superyacht sales
Dutch brokerage Lengers Yachts has announced the sale of another Sanlorenzo ‘crossover’ yacht, the SX88, and a 134ft semi-displacement yacht from Lürssen.
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NewsCorporate changes at two UK yacht builders
Corporate changes to the ownership structures at both Fairline Yachts and Princes Yachts have recently been made known through filing to Companies House, the UK business register.
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NewsMasterCraft redesigns entry-level product line
MasterCraft Boats is revamping its entry-level NXT product line for the 2020 model year to “deliver a more athletic and refined look with an all-new interior, exterior, and even more performance,” according to a company news release.
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