All articles by Subscriber-only – Page 231
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Albanian government issues tender to build new marina
The marina in southwest Albania must accommodate a minimum of 400 craft
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Two Florida shows to go ahead this week
The Stuart Boat Show and St Petersburg Power and Sailboat Show are both set to open despite the ongoing pandemic
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Latest stats reveal Covid impact on Spain’s boating sector
Nearly 20% of all new boat registrations in Spain were from the Balearic Islands last year
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Kiwi boat ownership rockets
The latest marine industry data shows that boat sales are up significantly in New Zealand due to Covid-19
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Pandemic pushes cyber security to top of boating agenda
Hacking onboard systems poses a growing threat to yacht owners and managers, superyacht crews, guests and shoreside facilities
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Part 1 | The early years to the Global Financial Crisis
IBI In-Depth: A three-part series tracking the mixed outcomes for investors from the early pioneers of fibre glass production to the latest wave of investment by private equity, wealthy individuals, state-backed Chinese corporations and initial public offerings.
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Lewmar’s 2019 results impacted by Lippert takeover
At the time, Lippert Components’s acquisition of the UK marine equipment manufacturer was described as the “best strategic option” for Lewmar and its employees
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Consolidation in the electric boat market as Pure Watercraft buys pontoon maker
The US boatbuilder and inventor of a plug-and-play, drop-in electric outboard motor system has acquired ELUX Marine for an undisclosed sum
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Show organiser Informa Group looks beyond pandemic
Informa PLC, the London, UK-listed global events organiser responsible for the Monaco Yacht Show and Fort Lauderdale International Boat Show amongst others, has indicated in its 2020 half-year results that its profits for last year are likely to be around 70% down.
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US boat sales hit 13-year high in 2020; boom to continue
With heightened interest in outdoor recreation and ways to social distance, consumer demand for new boats is expected to carry over into 2021 and beyond
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Burgess moves from profit to loss
Difficult market conditions caused 24% drop in turnover to £16.63 million for UK yacht brokerage firm
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QM Industries in joint venture with Multiflex Marine
QMI-Multiflex to supply and manufacture marine steering systems, cables, controls and accessories for the US market
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EU, China sign tentative trade and investment accord
The deal still needs to be approved by the 27 EU governments and the European Parliament
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Lawsuit ends in $25.16m judgement against Tracker Marine
The long-running class action against the US builder was finalised on December 30 for charging buyers a $75 fee for documentation
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AkzoNobel boosts North American presence with New Nautical Coatings purchase
In a multimillion investment, global paint and coatings manufacturer AkzoNobel NV said it would significantly increase its market presence in North America and the Caribbean with the acquisition of New Nautical Coatings Inc, the owner of the premium Sea Hawk coatings brand. While no transaction figures were divulged about the ...
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Malibu acquires Maverick for strategic, complementary hull and price point expansion
Malibu Boats has acquired the four brands of the Maverick Boat Group, expanding production capacity and distribution potential in what the parent company is calling a “strategic transaction that complements Pursuit and expands Malibu’s saltwater outboard offerings in boat type and price point.” Maverick, and its founder Scott Deal, are ...
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OneWater buys eight Florida marinas and boat dealerships
The US retail giant has further expanded its presence in Florida with the acquisition of two more yachting businesses, including the company’s largest acquisition to date.
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Post-Brexit, EU-Britain free trade deal can be an obstacle race
The EU-UK Trade and Cooperation Agreement inevitably presents hurdles for Europe’s boating and related sectors on both sides of the English Channel – from VAT to border red tape, from travel curbs to rules of origin. Recognition of professional qualifications is at stake. There will be free trade in goods, ...
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US RV shipments expected to jump by near 20% this year
Full-year wholesale sales expected to eclipse 500,000 units in 2021
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Teledyne to acquire FLIR Systems
Raymarine parent company, FLIR, enters into $8 billion deal with digital imaging and instrumentation specialists Teledyne. Yesterday’s announcement and follow-up Q&A with analysts hint at the near-term future of FLIR’s portfolio, including Raymarine