All articles by Tony Esposito – Page 53
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NewsCaterpillar Marine’s new Triple Turbo diesel takes performance to another level
Caterpillar Marine will release its C32B Triple Turbo 2433 metric horsepower (MHP) high-performance diesel engine late this year, targeting sportfishing, governmental and yachting repower markets.
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NewsTwo Florida shows to go ahead this week
The Stuart Boat Show and St Petersburg Power and Sailboat Show are both set to open despite the ongoing pandemic
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NewsEuropean marine insurance broker acquires rival
Goldman Sachs-backed chartered insurance broker Aston Lark has purchased rival Lloyd’s broker CRS Yachts.
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NewsTwo US winter boat shows cancelled, one postponed
The news from US trade association and boat show organiser NMMA comes days after revealing that American powerboat sales increased some 13% in 2020
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NewsLazzarini’s latest yacht design is a “hybrid-hybrid”
The latest concept design from Pierpaolo Lazzarini, founder of the Rome-based Lazzarini Design Studio, could be called a ”hybrid-hybrid” of sorts, as it uses both diesel and solar-power on both water and land.
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NewsKyron Design makes superyacht debut
Kyron Design has submitted its first entry to yachting with a 230ft expedition superyacht.
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NewsConsolidation in the electric boat market as Pure Watercraft buys pontoon maker
The US boatbuilder and inventor of a plug-and-play, drop-in electric outboard motor system has acquired ELUX Marine for an undisclosed sum
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NewsMalibu acquires Maverick for strategic, complementary hull and price point expansion
Malibu Boats has acquired the four brands of the Maverick Boat Group, expanding production capacity and distribution potential in what the parent company is calling a “strategic transaction that complements Pursuit and expands Malibu’s saltwater outboard offerings in boat type and price point.” Maverick, and its founder Scott Deal, are ...
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NewsKiwi amphibious builder faces NZ$6.8m damages claim from rivals
After losing a protracted legal battle over copyright infringement, New Zealand amphibious boat builder Sealegs has been slapped with a NZ$6.8m damages claim ”plus a further amount to be quantified for reputational damage” from its two largest rivals. The damage claim stems from Sealegs’ 2016 allegations that Orion Marine and ...
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NewsVision Marine named one of five promising stocks for the new year
Vision Marine Technologies has been cited as one of five promising stocks in five different market segments by investment firm Safehaven. In an online analysis, writer Alex Kimani details that while some sectors of the economy – like the travel and energy sectors – were devastated by the Covid-19 pandemic, ...
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NewsPure Watercraft secures US$37.5m funding for electric outboards
US-based Pure Watercraft closed a US$37.5m Series A round of funding on Friday, which includes a previously announced US$23.4m. The oversubscribed funding round was led by venture capital and private equity firm L37, whose managing partner Randall Ussery will take a seat on the Pure Watercraft board of directors. “We ...
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NewsOne injured in fire at Nautique plant
One person was injured in what is described as a “small, contained fire that was quickly extinguished” at the Nautique Boats manufacturing plant on the East Orlando, Florida campus of parent company Correct Craft Thursday afternoon. Fire officials told clickorlando.com that the fire was snuffed in just under 30 minutes ...
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NewsMarineMax CEO: “Many years of great things ahead”
MarineMax CEO and president Brett McGill believes the US recreational boating industry has “many years of great things ahead” and that the Covid-19 pandemic-induced boating boom has permanently expanded the market, setting the stage for “many, many years of growth” ahead of it. But it has also hastened a change ...
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NewsBarletta Boats founder finalist for Entrepreneur of the Year award
Barletta Boats president and founder Bill Fenech has been named among 32 national finalists for the Ernst & Young Entrepreneur of the Year award.
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NewsPalma moves to capitalise on yacht maintenance boom
Palma de Mallorca in the Balearics is ripe for international promotion as a yacht maintenance centre, according to its Institute of Business Innovation. While virtually every business sector in Mallorca has been devastated by the coronavirus pandemic, Palma’s shipyards have been thriving with vessels requiring maintenance, with three yachts in ...
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NewsWake sports boat makers make a splash with big gains to start the week
Two Tennessee-based US wake sports builders both had a big day on Wall Street Monday, as shares of MasterCraft Boat Holdings climbed nearly 5% while Malibu Boats soared nearly 8%.
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NewsBoat Monster takes delivery of first Invincible to land in Australia
The Sydney-based former Wallrock Marine is using its appointment as the Australian and New Zealand distributor of Invincible Boats to officially launch its rebranding as Boat Monster, and will introduce both at a press conference scheduled for the Royal Motor Yacht Club on 21 December.
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NewsBrunswick CEO: Pandemic boat sale surge to carry into 2021
The Covid-related sales spike realised by the US recreational marine industry this year should carry into 2021, according to Brunswick Corp CEO David Foulkes. CEO David Foulkes speaking on CNBC Closing Bell “We have incredible momentum in the industry now. We’ve attracted in a new demographic,” Foulkes ...
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NewsConnecticut takes issue with Federal economic analysis
The state of Connecticut is taking issue with US Bureau of Economic Analysis reporting that Connecticut trails other New England states in the share of the economy spent on outdoor recreation, prompting one state official to claim, “The report misses the forest for the trees.” Mason Trumble, deputy commissioner for ...
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NewsDealer Week to launch virtually with record registrations
A record 930 dealership personnel have signed up to attend the Marine Retailers Association of the Americas’ (MRAA) Dealer Week 2020, which will be held virtually beginning Tuesday.
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