All articles by Subscriber-only – Page 237
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NewsSuzuki restructures US operations
Masahiro “Max” Yamamoto has been appointed president of Suzuki Marine USA LLC Suzuki Motor of America Inc announced late on Thursday that it will restructure its operations in the US by separating its motorcycle/ATV and marine divisions into two separate companies. Effective April 1, 2021, the company’s ...
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NewsUS dealer group OneWater posts record sales
OneWater Marine – one of America’s largest boat retailers – topped $1 billion in sales for the first time; the company also expanded its reach in Florida with another acquisition
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NewsVaan Yachts to build second sustainable cat in “uneasy year”
Vaan Yachts owner Igor Kluin Vaan Yachts, a new Dutch builder of recyclable aluminium catamarans, says it will soon build a second project – a 14.95m (49ft) sailing yacht. “We are finally on our way. This has not been an easy year,” says owner Igor Kluin. Kluin ...
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NewsGreen light for €1bn marina and port project in Cyprus
The 650-berth Larnaca Marina and port plan After an extended waiting period, the Cypriot Ministry of Transport last week gave its approval for the combined €1bn Larnaca Marina and port project to go ahead. According to a Cyprus Mail report, this huge development, which will take up ...
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NewsPlans unveiled for new dayboat powered by lithium sulphur batteries
The 400kwh lithium sulphur battery is projected to offer a range of 70-100Nm at a cruising speed in the region of 20kt A plan to exploit the benefits of using lithium sulphur batteries instead of normal lithium ion batteries in a marine application is being developed by ...
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NewsGroupe Beneteau revamps business software
To manage the growing complexity of information flow between the different subsidiaries of its Boats division, Groupe Beneteau is replacing its highly customised legacy business system with a central Enterprise Resource Planning Platform (ERP). The company has chosen an ERP platform from IFS, the global enterprise applications company. IFS service ...
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NewsKey Canadian P&A distributors merge
Former Mermaid Marine general manager Ron Savidant will serve as president of Maritime Marine Supply when it begins operations in January The two largest wholesale parts and accessories distributors in eastern Canada have announced plans to merge operations and operate as a single entity, effective January 2021. ...
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NewsUS posts second highest monthly boat sales in 10 years
After a brief respite in July and August, US new boat sales took off again in September, nearly beating the highest monthly sales in more than a decade.
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NewsUS component supplier continues on acquisition path
US-based component manufacturer Patrick Industries announced it has completed the acquisition of Geremarie Corporation, the fifth addition to its business portfolio this year
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NewsBaltic states look to boost boating sectors
Latvia, Lithuania and Estonia all looking to capitalise on yachting infratructure investment
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NewsTrade, tariffs and the environment likely lead Biden agenda
While getting control over the rapidly escalating Covid-19 infection rate and accompanying economic woes will be his new administration’s number one priority, the environment, trade and tariffs are likely to be among the top agenda items of the incoming Biden administration, according to a panel of marine industry Capitol Hill ...
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NewsSardinian marina put up for sale by Italian state-owned investment agency
One of Sardinia’s leading marinas has been put up for sale as an investment opportunity by the Italian state-owned Invitalia agency which deals with investments and enterprise development. Marina di Portisco, which offers 589 berths for yachts up to 90m (295ft), is located on the Gulf of Cugnana in Olbia ...
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NewsCanadian boat operator license sales up 75%
New data released by the Canadian government quantifies unprecedented demand for boat operator licenses in 2020
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NewsChaparral, Robalo Boats see growth into 2021
Marine Products Corp is working to meet order and inventory demand
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NewsCan Covid growth be sustained and retained?
More than 44,000 new boaters entered the US market in 2020 as part of a general turn to the outdoors brought about by the Covid-19 pandemic. But who are these new enthusiasts and – more importantly, some would ask – is there a way to avoid the inevitable churn of ...
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NewsAustralian workboat builder enters leisure market
Dongara Marine is best-known for building workboats and fishing vessels
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NewsMarine stocks continue upward march
News on several fronts of the pending success of a Covid-19 vaccine and promising treatments boosted stock indices around the world this week, sending share prices of marine industry companies upwards with them. Amidst news of the worsening outbreaks in America and Europe, the prospects of a viable vaccine certainly ...
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NewsEU wants more SMEs in trade deals outside the bloc
The European Boating Industry (EBI) says 97% of the businesses active in Europe’s boating sector are small and medium-sized companies. EU-wide, SMEs even account for 99% of all enterprises and employ an increasing number of persons. They may employ only up to 250 people, but SMEs are the oxygen of ...
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NewsCEO sentiment riding high in US boating market
A season of strong boat sales has buoyed optimism among the leaders of marine industry companies in the US market, according to NMMA’s Q3 Sentiment Report
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NewsSailfish plans methodical growth to global brand status
Former Marquis Yachts president Rob Parmentier joined Sailfish in August as president and CEO The recent addition of nine new dealers across the United States is the next step in a “methodical growth plan” to transform Sailfish Boats from a strong, regional boatbuilder to a global brand. ...
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