All articles by Subscriber-only – Page 259
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NewsStrong demand for marine equipment in Sweden, Norway
Byggplast/Sea Sea CEO Joakim Berner says the aftermarket is thriving The start of the boating season has been very good for companies selling boat equipment – especially in Sweden and Norway, where wholesaler Byggplast and retailers SeaSea, Hjertmans and Maritim (with more than 50 shops in both ...
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NewsCoronavirus shutdowns bring lower Q2 sales, income for Johnson Outdoors
Shelter-in-place orders during the Covid-19 pandemic hurt Johnson Outdoors’ watercraft business, which posted a Q2 operating loss of $1.63m Wisconsin, US-based marine equipment manufacturer Johnson Outdoors Inc released its 2020 second-quarter results on May 5, reporting declines in both sales and net income as a result of ...
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NewsLippert reports mixed Q1 results, but says acquisitions still in view
Profitability declined due to coronavirus-related shutdowns offsetting sales gains and an otherwise strong start to FY 2020
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NewsSpanish nautical sector asks government for urgent support
Spanish industry association ANEN has released new figures showing a 77% drop in boat registrations for the month of April and a 37.3% drop in registrations for the first four months of the year. All lengths and sub-sectors of pleasure boats have been affected by the Covid-19 pandemic. Tourist demand ...
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NewsTwin Disc Q3 results shored up by ‘stable marine demand’
The US-based manufacturer of marine power transmission equipment reported an 11% drop in sales for its third quarter ending 27 March, to $69 million
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NewsHow will autumn boat shows manage the ‘new normal’?
Show organisers are under pressure to reveal plans for upcoming autumn shows as one of the industry’s most important marketing channels
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NewsCould Covid-19 boost boating interest long-term?
Discover Boating campaigns are gaining some traction as frustrated consumers wake up to boating
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NewsNew hydrogen fuel cell initiative involves ABB and HDF
With the growing interest and discussion about the potential use of hydrogen as a fuel for superyachts, a new initiative to manufacture megawatt-scale fuel cell systems in France may move the whole process forward. If successful, it will also help reduce carbon emissions in the maritime sector. The new initiative ...
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NewsBrunswick Q1 ‘resilient’ despite COVID-19 impact
Brunswick Corporation released first quarter 2020 financial results and reported a strong pre-coronavirus performance, with “resilient operating margins despite COVID-19 impact”
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NewsDutch superyacht sector crafts new home
The Dutch superyacht lobby has moved into new digs, but its shift from HISWA Holland Yachting Group into a unit of the Netherlands Maritime Technology (NMT) trade group has been slow due to the Covid-19 pandemic.
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NewsBeneteau responds to crisis
Beneteau has restarted production at three of its sites as half year earnings announced; CEO takes salary reduction, new strategic plan to follow in July to reflect deep transformation of its markets
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NewsPolaris reports a 6% drop in Q1 sales
The outdoor vehicle specialist has withdrawn revenue and earnings guidance for the rest of 2020 but currently thinks the recovery will take ’more of a U shape’ – with demand weakest in the second quarter
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NewsCovid-19, production adjustments lead to tough Q1 for Marine Products Corp
Marine Products Corp, manufacturer of the Chaparral, Robalo and Vortex fibreglass boat brands, released its 2020 first quarter financial results on Wednesday reporting double-digit declines in net sales, gross profits and operating profits.
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NewsStrong quarter at Grand Banks, but sharp decline expected
After logging new sales in the quarter ending March 31, Grand Banks anticipates a sharp downturn and more layoffs in light of an extended shutdown at its main Malaysian plant
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NewsLippert Components to relaunch US production on May 4
Enhanced safety measures allow global equipment manufacturer to resume operations at more than 70 US plants
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NewsPolish catamaran builder launches new electric range
Poland’s Sunreef Yachts has launched a new range of eco-friendly catamarans fitted with fully electric and hybrid propulsion systems. Initiated by the first electric Sunreef 50 and Sunreef 60 cats, the range was promoted at a virtual press conference in the presence of Formula 1 champion Nico Rosberg who appeared ...
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NewsUS boaters rally for a return to on-water activity
From coast-to-coast and border-to-border, boaters in various parts of the US held on-water parade rallies to call attention to the plight of commercial operators, while encouraging lifting restrictions on boating, fishing and other activities banned or greatly curtailed by social distancing practices aimed at curbing the spread of the COVID-19 ...
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NewsYacht transport continues despite uncertainty over Med season outlook
While the future of the Mediterranean season for yacht and superyacht cruising and charter is unknown at this point in time, arrangements to transport yachts into key Med locations continues apace. Taking the yachting centre of Palma in Mallorca as an example, a number of yacht transport ships have been ...
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NewsKiwi builders return to work as NZ lockdown measures ease
As New Zealand prepares for an easing of lockdown measures at 11:59pm tonight, Kiwi boatbuilders are looking forward to returning to work on Tuesday under Level 3 restrictions. When Level 4 lockdown came in over five weeks ago, Kiwi boat manufacturers, along with the rest of the country, had to ...
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Report
Market Overview | Denmark
Full order books and momentum from a healthy 2019 have bought builders and their suppliers vital time in the COVID-19 battle
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