All articles by Subscriber-only – Page 257
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InterviewPrincess Yachts executive chairman, Antony Sheriff - The 15-minute read
Not watched the video yet? Check out the transcript highlights of IBI’s recent Interview to learn how Princess is coping with Covid, how consumers are changing, and why Antony Sheriff is optimistic about the new normal
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NewsSAMSA opens up for recreational boating as lockdown hits SA suppliers
The South African Maritime Safety Authority (SAMSA) has renewed surveys and inspections of recreational boats, a move that may herald a further easing of coronavirus lockdown regulations. SAMSA issued a marine notice on Monday night to clarify training and services allowable under the current stage three coronavirus lockdown. In terms ...
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NewsSanlorenzo announces €50m supply chain finance program; 1,500 suppliers to benefit
Italian superyacht-builder signs deal with European investment bank
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VideoIBI speaks with Princess Yachts chief Antony Sheriff
IBI’s Ed Slack interviews Princess Yachts International Executive Chairman and CEO about current production and demand levels, improved interaction levels with customers and employees, and the prospects for the rest of the year and beyond
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NewsChina’s National People’s Congress proposes new Hainan investment initiatives
Control mechanisms for yachts included in new policies
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NewsYamaha first quarter results 2020
Yamaha Motor Co Ltd has reported consolidated net sales of ¥395.9bn for the first quarter of the fiscal year ended December 31, 2020, a decrease of ¥33.5bn or 7.8% compared with the same period during the previous fiscal year. Operating income was ¥25.4bn, a decrease of ¥10.5bn or 29.2%.
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NewsBRP closes Alumacraft Arkansas plant, consolidates in Minnesota
BRP will shutter its Alumacraft Boat operation in the state of Arkansas, eliminating 90 jobs and consolidating manufacturing at its existing facility in St Peter, Minnesota, according to a company news release and local reports. This on the heels of Wednesday’s announcement that the Canadian outdoor recreational products company is ...
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InterviewSunseeker CEO, Andrea Frabetti - The 15-minute read
Not watched the video yet? Check out the edited transcript of IBI’s recent CEO interview, with highlights including the impact of Covid-19 on the builder; its plans for Cannes and how it plans to transform its business model
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NewsTough Q1 for BRP as it exits the outboard engine business
Near 26% revenue decline in marine segment and over 40% drop in outboard sales leads BRP to discontinue production of Evinrude outboards and pursue new marine strategy including partnership with Mercury
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NewsCVC Capital Partners completes acquisition of D-Marin
Dubai Harbour Marina is included in the CVC deal Confirmation of the acquisition of the D-Marin group facilities in Greece, Croatia and the UAE by the Luxembourg-headquartered private equity group CVC Capital Partners has been belatedly received following an announcement by British Marine, the UK’s marine leisure ...
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NewsCape Town launches Blue Cape superyacht initiative
The City of Cape Town has partnered with South African ocean sports stakeholders to launch a new Strategic Business Partnership aimed at promoting marine manufacturing.
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NewsSuzuki’s marine sales grow; general manager comments on results
Suzuki’s latest annual results, released yesterday, show that its marine business was the only division of the company to record sales growth despite a sharp downturn in March 2020. By far the largest proportion of the business designated as the marine division is derived from the sales of outboard engines ...
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NewsOXE Marine publishes first quarter results
Swedish outboard engine maker OXE Marine discussed the impact of Covid-19 on the company’s results for the first quarter of 2020, ending March 31
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VideoInterview with Sunseeker’s Andrea Frabetti
IBI’s Ed Slack interviews Sunseeker CEO about post-Covid buyer demand, new production strategy, forward forecasts, and plans for Cannes
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NewsPandemic drives US boat sales
“Sales have exploded over the past four weeks.” That sentiment, expressed to IBI by Clarks Landing Yachts Sales general manager Dave Patnaude, is seemingly shared by a variety of boat dealers across the US. His two locations in Maryland and one in New Jersey have seen around US$4m in sales ...
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NewsInvincible Boats lives up to its name
Despite losing about six weeks of production to the COVID-19 pandemic, Invincible Boats is on track to reach its calendar year 2020 production goals, though its fiscal fourth quarter – which ends in July – will likely offset gains made in the first half of the fiscal year. Exempt from ...
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NewsRobertson & Caine looks to make up lost production as SA economy reopens
South Africa’s biggest yard is to ramp up production under new health and safety regulations
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ArticleThe 5 minute read: Ferretti’s Alberto Galassi interview
Not watched the video yet? Check out this 5-minute excerpt from the full transcript of IBI’s recent CEO interview, with highlights including the cost and full impact of Covid-19 on the builder; his views on prospects for a market rebound; and the memories of Covid-19 that haunt ...
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NewsMarine stocks benefit from ‘Staycation’ trend
Shares of Dometic Group, noted Bloomberg, have jumped 71% since the end of March, topping Europe’s Stoxx 600 Index for the same period.
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NewsNew Zealand faces America’s Cup dilemma
The New Zealand government is faced with losing the prestige and financial incentives of hosting the America’s Cup or giving up the huge advantage gained from its yeoman effort to contain the coronavirus early. And amid teams clamouring for information, the Kiwis are playing their cards close to the vest. ...
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