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International Boat IndustryInternational Boat Industry

International Boat Industry June 2018

Business-to-business magazine for the recreational marine industry distributed to boat builders, designers, equipment manufacturers, distributors and retailers in over 120 countries. Contains industry news, market facts and data, country reports, technical, new product news, and management features for OEMs, distributors and retailers.

Pays:
United Kingdom
Langue:
English
Éditeur:
Boating Communications Ltd.
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the brewing trade war has poured fuel on an increasingly volatile leisure marine market

“Our industry is again being unfairly targeted, and stands to be, along with the consumer, the principle victim” The brewing trade war between the US, Europe and China has poured fuel on an increasingly volatile leisure marine market. Though the general outlook remains relatively bright globally with boat sales and boater participation on the increase, negative headlines surrounding established brands such as Bavaria, Henri-Lloyd, Nauticat, Oyster – is obvious cause for concern. Though the specifics of individual cases reveal as one would expect, a highly-nuanced picture, it would be hard not to draw some challenging conclusions, not least that Europe’s much more fragmented industry remains exposed. In contrast, aside from aluminium and anti-dumping tariffs, recent headlines from the US have been dominated by a series of strategic acquisitions involving the likes…

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top 10 most read news on ibi plus

1 conclusion Sea Ray deal nears • IBI-plus.com 4 June 2 European dealers cancel US boat orders in anticipation of tariffs • IBI-plus.com 12 June 3 Chris Craft sold • IBI-plus.com 5 June 4 2019 London Boat Show cancelled 5 • IBI-plus.com 15 May 5 Canada announces 10% tariff on US-made boats; Europe to follow? • IBI-plus.com 1 June 6 Green light for NZ refit and haul-out facility 4 • IBI-plus.com 1 June 7 Challenging trading conditions send Henri-Lloyd into administration • IBI-plus.com 11 June 8 German company invests in Discovery Yachts Group • IBI-plus.com 6 June 9 Positive signals from Bavaria one month after filing for voluntary administration • IBI-plus.com 22 May 10 Oyster confirms new board members • IBI-plus.com 8 June…

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industry unites to battle trade war

USA The National Marine Manufacturers Association (NMMA) is urging its members to continue to pressure the Trump Administration to resolve the intensifying global trade war that it says has placed the industry in the “crosshairs”. The NMMA says its membership is facing a “triple threat from Section 232 tariffs on steel and aluminium, anti-dumping and countervailing duties on Chinese aluminium sheet, and 301 tariffs on nearly 300 marine-related products,” resulting in rising costs of raw materials, component parts, and retaliation from trading partners. Since the Administration’s decision to impose tariffs under Section 232 of the Trade Expansion Act of 1962, marine manufacturers have seen substantial price increases for the worldwide cost of aluminium. In addition, after several unsuccessful attempts to negotiate exemptions to Section 232 tariffs, Canada, the European Union and…

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sea ray deal nears conclusion

USA When Brunswick Corp announed its intention to divest the iconic Sea Ray brand in December last year, negotiations were opened with a number of potential bidders. It seems that the field has since narrowed to a handful of serious players, but it has been difficult to arrive at an acceptable valuation given the trading performance of the company in recent few years. While still a globally acclaimed benchmark brand for well-designed products, Sea Ray is thought to have struggled to return a consistent profit for a number of years. In 2017 it recorded sales of $387.6m but suffered operating losses of $17.2m. Sea Ray was acquired by Brunswick from its founder Connie Ray in 1986 for $350m one month after the engine maker also acquired Bayliner for $425m in a drive…

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chris-craft sold

USA Iowa-based motorhome manufacturer Winnebago Industries Inc has acquired fibreglass boat brand Chris-Craft from former owners Stellican Ltd. “Chris-Craft is an iconic, premium brand that shares many similarities with our own heritage Winnebago brand, including a commitment to providing customers with the highest quality products and services,” says Winnebago president and CEO Michael Happe. “The company’s strong brand, high-quality product line and premium position in the marine market make Chris-Craft an attractive addition to our portfolio.” Changes to Chris-Craft’s operations are expected to be minimal. Current president Stephen Heese will continue to lead the business in the same role, and the company is expected to remain in its existing 170,000ft facility in Sarasota, Florida. Winnebago has identified several opportunities to accelerate Chris-Craft’s growth strategy, including adding production capacity, adding new models to its…

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appointments

GULF CRAFT Gregory Yeakle has replaced Erwin Bamps as CEO of Gulf Craft. Bamps, who has held the position for the past four years, has moved to a new role as advisor to the board for international matters. Yeakle joins Gulf Craft with a solid record of leadership at companies such as Informix, Alexander Proudfoot Company and Invensys. BRITISH MARINE British Marine president David Pougher is to serve as interim managing director until a new appointee is recruited to replace Howard Pridding, who is stepping down. Pougher will serve for a minimum of six months to ensure a smooth transition. ROYAL HUISMAN Jan Timmerman is to take over as CEO of Royal Huisman, effective August 1, 2018. Timmerman has a successful track record as managing director and president of international businesses in the fields of…

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