All articles by Subscriber-only – Page 228
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NewsTwin Disc fiscal second quarter down 18%
More production will shift to the company’s new Lufkin, Texas facility
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NewsCaterpillar reports tough Q4, full-year 2020 results
Lower end-user demand and reduced dealer inventories responsible for sales drop
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NewsNew A$120m-plus Western Australia marina project advances with major dredging tender soon
Spoilbank Marina project to be completed by late 2022
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NewsBrunswick sees strong growth and M&A activity for 2021
Questions about capacity, volumes, earnings, acquisition opportunities and channel expansions were answered in today’s call with analysts; boat production expected to hit 40,000 units by 2022
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NewsDecision on Cannes show ownership expected 15 April
After years of legal wrangling, French marine industry association FIN today announced that the appeal lodged by Reed Expositions France to be recognised as the owner of the Cannes Yachting Festival took place in the Court of Appeal last week (Thursday 21 January) in the presence of FIN president Yves ...
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NewsFerretti renews Itama range
The Italian builder introduces upgrades to the Itama 45S, 62S and 75
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NewsMarineMax tops expectations
US boat retail giant, MarineMax, posted both top-line and bottom-line gains which bested analysts expectations and yielded a record first quarter
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NewsEU extends, raises Covid aid for companies across 27-nation bloc
Seeing no easing of the Covid-19 crisis, the EU has extended by six months its aid for companies across the 27-nation European Union. It has also agreed to more than double some aid, allow other aid to be converted into grants, and has exempted all assistance from its state subsidy ...
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NewsNo significant movement on trade expected early from Biden administration
Don’t expect any significant movement on trade in the first 100 days of US President Joe Biden’s new administration, as the focus of the White House becomes the Covid-19 pandemic, the economy and the environment – three areas that have and will continue to affect the US recreational boating industry, ...
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NewsNew Qatari owners for Antalya commercial port
Port Akdeniz includes a 235-berth marina operated by Setur Marinas
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NewsBig Q4 caps “year of extremes” for Marine Products Corporation
Strong sales of larger boats with greater feature content propelled Marine Products Corp to a 47.6% YOY sales increase during the fourth quarter Georgia, US-based Marine Products Corporation released its 2020 fourth-quarter and full-year financial results on Wednesday, ending a year of unprecedented upheaval on thoroughly solid ...
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NewsSwedish boatbuilder to launch new models, increase production capacities
Sweden’s Nimbus Group plans to introduce two new models this year
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NewsLifestyle marketing expert offers tips to boating industry
The boating industry lends itself well to ‘lifestyle marketing,’ according to one expert on the subject, who cautions that done right, lifestyle marketing is a path to success, but it’s a path wrought with pitfalls.
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NewsDutch foil-maker sees growth in recreational boating
Rik Breur won a European Inventor Award in 2019 for his Finsulate hull foil covered in tiny nylon microfibres to repel algae, barnacles and mussels In 2020, the Covid-19 pandemic was unkind to Dutchman Rik Breur. It prevented better sales of his antifouling system than he had ...
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NewsSolid Q4 and year for Polaris; $600m in 2020 boat sales
Revenue gains of 24% for Q4 and 4% for full year highlight strong results for US boat and powersports equipment manufacturer
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NewsUK shipyard secures £2m investment
Discovery Shipyard’s new owner made the capital injection through his investment vehicle Binti Marine Holdings
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NewsGrand Banks temporarily halts work due to Covid
The luxury motorboat builder Grand Banks has halted operations at its yard in Malaysia after an outbreak of Covid infections
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NewsHanse overcomes Covid outbreak; announces record order book
The order book at the end of December 2020 was 62.5% higher than a year earlier
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ArticleNimbus to issue IPO
Sweden’s top boat producer, Nimbus Group, will list its shares on Nasdaq Nordic growth market, aiming to raise SEK 200 million (€20m); This will be second time the company has been publicly traded.
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NewsDates confirmed for 2021 Dubai, Abu Dhabi shows
DIBS will be held in March, followed by ADIBS in October
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