All articles by Subscriber-only – Page 57
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Beleaguered Limestone releases 15-month financials, production resumption schedule
Canadian builder issues update on resuming production in 2024
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Caterpillar reports double-digit gains across the board in ‘better than expected’ Q2
22% growth in revenues, 88% growth in operating profit and 75% gain in adjusted profit per share highlight strong second quarter results for US engine builder
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Dominica to start marina construction in November
The Caribbean island nation’s first marina will include a repair yard and berthing for superyachts
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US insurance broker enters yachting market
Acquisition part of Arthur J Gallagher’s international expansion plans
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New marina opens in northern Poland
The 98-berth facility in Puck was built with the use of EU funds
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Record Q2 for OXE Marine
Swedish diesel outboard builder records highest quarterly revenues in company history driven by growth in Americas
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Ukraine builder creates duplicate facility to beat Russian aggression
Grand Inflatable Boats is now operating from a 5,000m² facility west of Kharkiv
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Tough Q2 for Patrick Industries bolstered by marine business
US equipment firm’s second quarter could have been worse save for its marine business
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MarineMax posts highest two-month earnings in company history
US retailer, boatbuilder and marina firm reports record quarterly revenues
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Strong Q2 for Brunswick despite June IT incident
Market share gains and improving boat sales help offset revenue impact of IT security event estimated in US$80m - $85m range
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SA government asks US for trade pact early extension
The African Growth and Opportunity Act (AGOA) is due to expire in 2025
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Record Q2 revenues, margins for Teledyne
Raymarine parent reports net sales of US$1.42bn, net income of $185.3m in strong second quarter driven by high demand for imaging equipment
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AkzoNobel: ‘resilient’ Q2 volumes but global economic challenges persist
Dutch paint and coatings giant cautious about the remainder of 2023
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Record Q2 for Marine Products Corp
Chaparral, Robalo boats parent reports increased revenues, gross profit, gross margin and net income despite softening market
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Major fire breaks out in Viareggio port area
The blaze began in the warehouse of a leading superyacht provisions and equipment supplier
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Public opposition sinks US$16m Florida marina proposal
The reversal came in a Monday night vote following weeks of resident complaints
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ONE°15 Marina Nirup Island opens in Indonesia
New facility to relieve shortage of marina berths in neighbouring Singapore
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Strong Q2 leads Polaris to raise full-year guidance
Marine division posts market share and profit margin increases despite overall sales decline on softer pontoon market
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Hubbell Q2 revenues up 9%
Electrical equipment manufacturer anticipates full year growth of 8% to 10% on strength of steady market
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De Antonio Yachts names new shareholder
Quarza Inversiones to support the Spanish builder in its growth and international expansion strategy