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2024 – What we learned
While 2024 was certainly a year of contradictions for the recreational boating sector, steps forward outnumbered steps back as the industry prepares for better days ahead
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Fairline Yachts lays off over 100 people two weeks after change of ownership
Long-term vision to turn company into being ‘a clean and sustainable marine brand’
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Bank outlooks point to better business in 2025, tariffs notwithstanding
Economic projections for key markets point to an improved business climate in the coming year, but the impacts of a looming Trump trade war remain unclear
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Long-delayed USVI marina project still uncertain
A controversial marina proposal for Coral Bay on the US Virgin Island of St John may be closer to construction – or not
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Additional controversy could further delay Larnaca port project
The four-year-old plan to develop the Larnaca port and marina is facing additional opposition which could further delay the project, with one official hinting it should be moved to the back burner. While stakeholders have welcomed the idea of transferring management of the Larnaca marina to the Cyprus Marine and ...
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Cyclone Chido slams boats and coastal infrastructure on Mayotte Island
Pictures of multiple wrecked yachts and damaged coastal infrastructure are circulating on social media
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French composite specialist invests in production
New machines allow the company to manufacture larger, more complex parts
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Global Order Book records fall in superyacht orders between 2024 and 2025
1,138 projects on order as of 1 September 2024
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UK boatbuilding training college to close
The internationally recognised school will enter liquidation on Friday
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Uncertainty for Bella Boats’ future following Nimbus withdrawal from Finland
Bella founder Raimo Sonninen wants to resume production in Kuopio
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Moroccan boating market poised for growth
IBI speaks with the director of Tanja Marina Bay on the marina’s future development plans
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Nobiskrug enters insolvency as owners hit financial troubles
Restructuring and reorganisation plans being worked on and workers salaries secured
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Voyage Catamarans relocates to bigger Cape Town facility
The SA cat builder had previously been operating from a facility rented from Robertson & Caine
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BRP ‘wait and see’ on potential Trump tariffs
Canadian powersport manufacturer tells analysts it’s too early to tell what will happen
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Innovation key to return to profitability for Johnson Outdoors
Stock slides, rebounds following Q4 earnings release as US marine electronics, equipment manufacturer plans for new product launches in stabilising market
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Guangdong unveils bold plan to anchor GBA as global yacht hub
Key measures include a pilot programme for yacht-based travel
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Turkey’s first serial catamaran builder expands
The family-run business has opened a new 4,000m² faciilty in Izmir
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Higher Q4 revenues close a difficult year for Johnson Outdoors
Full-year revenues down 11% as equipment manufacturer posts US$43.5m operating loss for FY2024