All articles by Subscriber-only – Page 238
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NewsMyers Industries acquires Elkhart Plastics
Acquisition positions US fuel tank manufacturer among five largest rotational molding firms in US
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InterviewPropspeed | Chris Baird
With a product representing a win-win for OEMs, service yards, their boat owners and the environment, Propspeed is on a mission to quadruple turnover within five years. IBI talks to CEO Chris Baird and the team driving the rapid expansion.
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NewsDemand has US marinas bursting at the seams
F3 Marina began construction of its new 130ft-tall drystack marina in Ft Lauderdale last February “There’s nowhere to put ‘em.” That’s F3 Marina president John Matheson’s assessment of the US boating boom and the demand it has created for berthing and storage space, which is making marinas ...
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NewsUS Gulf coasts take a double whammy in 2020
Tropical storm Eta over Florida Eta has returned to Tropical Storm status as it passes over the state of Florida, delaying by two days the opening of the Fort Myers Boat Show, adding to the cornucopia of natural disasters – from Covid to wildfires to storms and ...
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NewsFrench boat leasing tax changes met with surprise
The French boating industry is at odds with a change in the application of VAT rules on pleasure boats purchased for hire with an option to purchase, which will impact boat rentals as well as boat purchases financed through leasing arrangements. Announced by the French government this ...
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NewsInforma completes financing programme as part of its Covid-19 action plan
New £150m bond issues and £1.850bn of short-term debt and loan placement cancelled
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NewsDream Yacht Charter wins US$1.7m judgement
A US District Court judge has let stand a September ruling awarding nearly US$1.7m to the Annapolis, Maryland yacht charter company against Reginald Cummings and his Black Travel Movement (BTM) tour agency. Cummings and BTM had until 26 October to appeal the ruling, but failed to meet the deadline, meaning ...
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NewsMasterCraft posts most profitable first quarter in company history
Lower unit sales volumes attributed to supply chain challenges offset by delivery of more content-rich product as US boatbuilder ramps up for continued production increases
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NewsFort Myers Boat Show delayed, storm brewing
The opening of the 48th Fort Myers Boat Show (FMBS), a four-day event scheduled to open tomorrow, has been pushed back to Friday 13 November, proportedly due to weather. Tropical storm Eta is reforming into a hurricane in the Gulf of Mexico off Florida’s West coast. And ...
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NewsUK boat insurance brand returns under new ownership
Haven Knox-Johnston is now owned by the Aston Lark Group
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NewsAzimut and Brunswick report success at FLIBS
Both Azimut Yachts and Brunswick Corp have reported positive results from the scaled-down Fort Lauderdale International Boat Show (FLIBS) last week.
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NewsEU orders 300 million doses of Covid-19 vaccine
Seeing a light at the end of a long tunnel, the EU head office is ordering “up to 300 million doses of the [Covid-19] vaccine developed by German company BioNTech and Pfizer.” EU Commission President Ursula von der Leyen says: “This is the most promising vaccine so far. A ...
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NewsGreece enters new lockdown, bans movement of all boats
The new measures took effect on Sunday 8 November
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NewsTaiwan adds automatic ID requirement for yachts over 12m
Taiwan’s Ministry of Transportation and Communications will begin this week enforcing amendments to its Regulations Governing the Management of Yachts aimed at improving overall safety of the growing yacht fleet plying the waters of the China Sea. Chief among the changes is a requirement that yacht rental firms and commercial ...
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NewsYamaha to change working practices
Yamaha Motor has announced that its 55,000 employees will be given greater latitude in determining their working hours and place of work as a further development of its work- life balance support programmes.
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NewsWhat can boating expect from the new US President, Congress?
With the new year, the US will see a new President and a new Congress, but not much else is expected to change for the recreational boating industry – on a legislative front. “We expect, from what we’ve already heard from President-elect Biden, there will definitely be an emphasis on ...
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NewsSanlorenzo sales remain on par with 2019
The Board of Directors of Italian yachtbuilder Sanlorenzo SpA today confirmed and approved the company’s results for the quarter and nine months ending 30 September. Consolidated net revenues from the sale of new yachts for the first nine months of 2020 totalled €322.6 million, compared to €322.8 for the same ...
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NewsCanadian marina group acquires eighth property
Maple Leaf Marinas acquires Walker’s Point Marina in central Canada’s Muskoka region
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NewsYamaha first three quarter results, marine down 10.9%
Net sales for Yamaha Motor Company’s consolidated accounting period for the first nine months of the fiscal year ending December 31, 2020 were ¥1,067.1 billion (a decrease of ¥200.1 billion or -15.8% compared with the same period of the previous fiscal year). Operating income was 56.4 billion yen (a decrease ...
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