All articles by Subscriber-only – Page 246
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NewsAzimut-Benetti CEO announces closer brand links & new model plan
Group financial results better than last year and nine new models planned over the next 18 months
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NewsGreek marina handover period extended
The Hellenic Republic Asset Development Fund (HRADF), also known as TAIPED, has extended the period of completion of the transaction that concerns Alimos Marina in Greece to Friday, October 30. The transaction concerns the transfer for the utilisation of the marina to Aktor Concessions and at the same time the ...
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VideoIBI speaks with Mercury President Chris Drees
IBI North American correspondent Craig Ritchie speaks with Chris Drees, President of Brunswick’s Mercury Marine Division, about how the company is managing booming demand, particularly in the US market, including the addition of more capacity; the split of OEM vs. dealer sales; and how to create ‘excitement’ in a virtual ...
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NewsScandinavian companies partner on electric engine development
Evoy and Oxe Marine team up to test high-powered electric outboard concept
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NewsUK maritime training business fighting to survive
Red Ensign Training hit hard by Covid-19 and impact on marine industry
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NewsSunseeker invests capital to accelerate growth
Sunseeker has been back to full production since June The UK’s Sunseeker International, together with backing from its Chinese majority shareholder Dalian Wanda, is investing additional working capital with immediate effect in order to accelerate future growth plans. The brand is investing over £38m in new product ...
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NewsSABBEX welcomes lifting of international travel ban, easing of lockdown restrictions
Covid-19 restrictions in South Africa were eased on Wednesday following a significantly lower daily infection rate
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NewsHurricane Sally destroys or damages marinas and boats along its path
While now a tropical depression dumping massive amounts of rain, Hurricane Sally came ashore near Gulf Shores, Alabama on Wednesday, taking some by surprise and leaving boats strewn well inland or sunk at the dock. At least one marina was severely damaged and at least one man is missing. Earlier ...
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NewsOXE agrees major order but scales back on 2020 growth forecast
Swedish diesel outboard engine manufacturer OXE Marine has signed a letter of intent with current central and southwest US distributor Diesel Outboards LLC (part of the Outdoor Network group) to expand ODN’s distribution territory to also cover southeast US. ODN’s expanded territory will include Florida, which according to OXE representants ...
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NewsBeneteau sells US plant; scales back at other facilities
Group Beneteau’s US production facility in Marion, South Carolina is being purchased by a fibreglass pool manufacturer, while the Group reduces production capacity and headcount across other facilities
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NewsEU drive for greener economy not really hampered by coronavirus
European Commission President Ursula von der Leyen The coronavirus pandemic may be hammering economies worldwide, but it has not significantly dented Europe’s enthusiasm to get a handle on climate change. This week, the European Commission asked EU governments to raise Europe’s 2030 target for emission cuts to ...
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NewsVIVIC signs US$100m contract for development of electric yacht
VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it has completed ...
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NewsUK investment group buys into Perini Navi
Italian brand reports €140m losses over nine years and no-go deal with Sanlorenzo
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NewsUS rescinds latest 10% tariff on Canadian aluminium
The new tariff announced on August 16 was withdrawn late Tuesday, hours before Canada was to implement its own $3.6bn in retaliatory levies
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NewsCrowdfunding is fuelling electric boat motors as Oceanvolt nets €650,000 in four days
Electric power and propulsion systems manufacturer Oceanvolt is getting a financial jolt for its electric boat motor development, having raised €650,000 in the first four days of a crowdfunding campaign that hopes to net €1.5m, in what seems to be a growing trend for on-water electric propulsion. This is actually ...
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NewsGulf Craft's CCO, Nizar Tagi, on the impact of Covid and a boost in boat sales
Gulf Craft’s Chief Commercial Officer tells IBI about boat sales, its success promoting the sea as a safe haven, and the impact on boating in the region
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NewsUS business owners increasingly optimistic – Wells Fargo
Q3 study highlights improved future outlook in spite of continuing near-term Covid-19 headaches
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News
Judge declares yacht ownership suit “a mess”
A federal judge in Miami, Florida who has declared the ownership lawsuit over a US$1m yacht “a mess” is allowing a local business which has procession of the boat to keep it temporarily, and has further suggested federal investigators may want to intervene. It all began in April, when brothers ...
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NewsDutch yard signs contract for 120m SY
The Espen Øino-designed superyacht is due for delivery in 2025
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NewsNautor’s Swan CEO Giovanni Pomati - The 15-minute read
Not watched the video yet? Check out the edited transcript highlights of IBI editor, Ed Slack’s recent interview with Giovanni Pomati on the impact of Covid, new model launches and why the sailing fraternity needs to work together to promote the sailing experience
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