All articles by Subscriber-only – Page 262
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NewsPrincess calls for collective approach and need for major industry rethink in response to COVID-19
Speaking to IBI yesterday, Kiran Haslam, chief marketing officer for Princess Yachts, said that the boating industry may have to rethink how it markets its products after the wake-up call from the coronavirus (COVID-19).
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NewsSilent Yachts's CEO on strategy and US expansion
IBI talks to founder and CEO of Silent Yachts on the firm’s strategy shift and successful US market entry for its Solar Cats
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NewsSunseeker CEO on the impact of coronavirus
Minimal impact so far but longer lock downs could prove challenging
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NewsHanse reports latest financials
Despite a drop in revenues and earnings for the company’s first half which the builder attributed to typical seasonality and one-time integration costs for Privilége Catamarans, German boatbuilder Hanse Yachts said a strong order backlog would provide the company with a profit for the year
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News
Polish builder to invest $3.5m in new yard
Polish boatbuilder Elite Shipyard Elk Ltd has obtained permission to build a new shipyard in Poland’s Suwalki Special Economic Zone (SSEZ) where the company will make yachts. The investment is said to be worth more than PLN 12.5m (US$3.5m). The project is to be completed by the end of February ...
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NewsRolls-Royce reports slight increase in marine sales
UK firm strengthens position of its MTU-branded products in a deteriorating market
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NewsGreat Lakes marinas face new flood threat
Marinas and shoreline municipalities still rebuilding after catastrophic 2019 floods face further damage as already high water levels projected to rise with spring runoff
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InterviewHatteras Yachts | Gary Smith
New Hatteras CEO talks to IBI about his objectives and plans for the business going forward
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NewsLawyers’ statement in Sunseeker dispute
Lawyers acting on behalf of the prospective owners of a 74ft Sunseeker yacht, which was impounded by US marshals at the Fort Lauderdale International Boat Show in November, have made the following statement after the recent Federal Court ruling that the yacht should be returned to Sunseeker USA: “Mr and ...
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NewsLürssen to build replacement superyacht for one lost in fire
The German yard has at least nine contracts with an average length of 115m on order
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NewsCoronavirus tests stability of global supply chains
With large parts of China still subject to lockdowns and travel restrictions, manufacturers face continuing uncertainty over delivery schedules for parts and components As China struggles to contain the COVID-19 coronavirus outbreak that has infected more than 73,000 people worldwide and killed nearly 2,000, marine equipment manufacturers ...
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NewsGarmin earnings sends shares to 12-year high
The electronics maker’s stock price surged yesterday on the company’s report of Q4 and 2019 results which beat Wall Street’s expectations. Revenues for the fourth quarter totalled $1.1 billion, including a 22% rise in marine sales.
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NewsEU revises financial status of key yachting markets
In financial deliberations of the past few days, the EU has revised the status of two key yachting countries in terms of financial listings. The two states involved are the Cayman Islands and the Marshall Islands, both of which are leading flag registration countries for superyachts. In respect of the ...
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Market Overview | France
Ten years after the 2008 financial crisis, a smile has returned to the faces of leisure boat professionals in France. But the good results are mainly from exports as the home market remains lacklustre
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Market Overview | Italy
Italy’s industry is riding high, but can the growth rate be sustained? Exports and confidence continue to rise as the industry gets ready for what it predicts will be another good year
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Market Overview | Canada
One step forward, one step back – a turbulent trade landscape has presented its share of challenges to the Canadian boat industry, where it seems like every win is met with another fresh roadblock
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InterviewNavico | Knut Frostad
Navico’s new CEO Knut Frostad shares his views on the shape of the industry to come, from auto docking and increasing levels of automation to why we should be looking to the smart home market, rather than the automotive sector, for inspiration. He says a movement to take the ...
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NewsSeaStar/Dometic integration nearly complete, poised for international growth
The two-year-old acquisition of SeaStar Solutions by Swedish ’mobile living’ supply giant Dometic has nearly fully integrated the two companies, and its leadership introduced new products, branding and aggressive growth plans targeting US$1bn in marine sales at the recent Miami International Boat Show (MIBS). ‘SeaStar by Dometic’ will build on ...
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NewsUkrainian government backs building of largest marina in the country
Ukranian President Vladimir Zelensky has supported the implementation of one of the most ambitious projects in the history of Ukraine’s leisure marine sector – the building of a new yachting complex and marina in Yuzhne, a port city on the Ukranian Black Sea coast.
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NewsMarquis Yachts in for the long haul; sale imminent
CEO Rob Parmentier: A deal could come as early as this week or next
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