All articles by Subscriber-only – Page 240
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NewsDufour in strategic alliance with Synergy Yacht Sales
The two companies will work together on the development of the Dufour 48 catamaran
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NewsDrydocks World replaces Damen in Bijela superyacht refit yard development
Damen asked to be replaced
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NewsBelgian sector lifts its boat shows from the doldrums
There are plans for a show at Nieuwpoort marina in March 2022 Belgium is planning to stage new boat shows, restoring some sheen to its boating and watersports events that spent the better part of the past decade in the doldrums. Nautibel, Belgium’s watersports and recreational boating ...
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NewsHong Kong Yacht Show: Verventia responds to HKCYIA’s announcement
As reported in yesterday’s IBI News, the joint organisers of the planned Hong Kong Yacht Show scheduled to take place next month appear to be in dispute. Following the announcement of postponement at the request of the majority of the key players in Hong Kong’s yachting industry, the local partner, ...
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NewsMiami cancellation surprises few, relieves many, disappoints an industry and begs new questions
The decision by the National Marine Manufacturer’s Association (NMMA) to cancel nine of its first-quarter boats shows, including the cornerstone and iconic Miami International Boat Show (MIBS), was met with a mixed reaction from the recreational boating industry. But one universal sentiment was expressed by Correct Craft president and CEO ...
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NewsHeysea Yachts exhibits first sailing catamaran at Shenzhen show
Italian and UK designers are both involved in the project
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NewsBrunswick reports ‘outstanding’ Q3 and is bullish on 2021
The industry’s largest company said it outperformed the market in its third quarter ending September 30, achieving double-digit growth in sales and earnings. Historically-low boat inventory levels position the company exceptionally well for the remainder of the year and throughout 2021.
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NewsHong Kong Yacht Show to proceed using new format in a strong market
Despite the announcement on October 14th that the Hong Kong Yacht Show (HKYS) is postponed until October 2021, as reported by IBI two weeks ago, it transpires that the show will still proceed in a different format under the management of local Hong Kong partner, the Hong Kong Cruise and ...
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NewsFLIBS opens to smaller crowds
The first day of the 61st annual Fort Lauderdale International Boat Show (FLIBS), unsurprisingly, saw smaller crowds, which were welcomed with a mandatory mask policy and other safety measures that included a limited crowd capacity at the show aimed at holding a large international event in the midst of a ...
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NewsKVH posts strong Q3 results
Gains in both product and mobile connectivity service sales drive “strongest Q3 in years”
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NewsSt Kitts marketing as safe destination to lure yachters
The Federation of St Kitts and Nevis is being marketed as a safe destination to lure yacht traffic as a first step toward rebuilding its struggling tourism industry. “We need to understand that rebuilding the tourism market is going to take integrity of the brand and it is also going ...
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NewsGarmin record Q3 results buoyed by strong marine sales
Marine segment posts 54% YOY revenue growth, 152% increase in operating income
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NewsMarineMax posts record Q4 and year-end results
America’s mega boat and yacht retailer group, MarineMax, achieved the company’s highest ever revenue and earnings for the fourth quarter and year-ended September 30, making it one of the industry’s largest companies.
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NewsNew Volvo Penta president outlines challenges and changes going forward
Sustainability a key theme as well as attracting new and younger people
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NewsVanquish Yachts secures 35m superyacht order from US client
Vanquish COO Sander Mars: “US clients are getting used to aluminium” Since its founding in 2012, Vanquish Yachts has built fast luxury dayboats at a blistering pace. It’s a tale of peerless success: the Dutch maker of aluminium tenders and day cruisers just scored an order for ...
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NewsHubbell feels Covid pinch in 2020 Q3 results
Declines in net sales, gross profits and net profits point to continued uncertainty in the power market
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NewsBetter than forecast results for Groupe Beneteau
The multi-brand French boatbuilder said the company is benefiting from its global, multi-segment positioning against the adverse environment of Covid 19
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VideoIBI speaks with Wells Fargo Marine Group in America
IBI North American correspondent Craig Ritchie speaks with Bruce Van Wagoner, President of Wells Fargo Marine Group in the US, about how the 2020 boat sales and finance market is shaping up in the context of this year’s extraordinary Covid-related business disruptions in mid-March, followed by the surprise surge of ...
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NewsStrong boat sales float Q3 earnings for Polaris
Boat division leads all other segments with 30% YOY sales jump to drive higher overall earnings, profits
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NewsCaterpillar crawls through rough third quarter
Caterpillar Inc has announced third-quarter earnings that are down across the board, led by lower end-user demand. The Deerfield, Illinois-based Cat reports sales and revenue of US$9.9bn, a 23% decline from Q3 2019. Profit per share was down 54% at US$1.22, while operating profit margin dropped nearly 6 points to ...
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