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International Boat IndustryInternational Boat Industry

International Boat Industry August 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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a retrenched us is something no industry should have to contemplate

“Through innovation [the industry] has the potential to offset vexatious taxes and tariffs by its own means” Trade tariffs and their potential impact are, not surprisingly, the main industry talking point and our annual review of the key European markets in this issue suggests they’re already having an impact, not least in eating away the confidence that had been growing on both sides of the Atlantic. In what is an otherwise largely positive report, highlighting reasonable growth and a general wide uptick in consumer engagement, a shadow now hangs over the boating landscape. A 25% tariff on US exports, coupled with a strong dollar, has effectively cut off the European market to US-built product, and while Europe’s builders may see a benefit as a result of dealers replacing cancelled US imports,…

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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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top 10 most read news on ibi plus

1 Brunswick remains bullish about 2018 results • IBI-plus.com July 26 2 Viking for Yachts offers hope for laid-off Sea Ray workers • IBI-plus.com July 5 3 Solent Refit enters administration • IBI-plus.com July 6 4 Sale of Bavaria Yachtbau delayed • IBI-plus.com July 26 5 Correct Craft CEO warns senators : boating industry could be hardest hit by Trump tariffs • IBI-plus.com July 17 6 Groupe Benete takes majority stake in Seascape • IBI-plus.com July 12 7 California Wildfire destroys marina • IBI-plus.com July 30 8 Marshall Islands introduces new registration rules for private yachts under 24m • IBI-plus.com July 20 9 Princess ‘re-writes rule book’ with ambitious launch programme, boost in revenues and capacity • IBI-plus.com July 11 10 Azimut to showcase 18-models at Cannes • IBI-plus.com July 30…

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beneteau reports robust growth in sales

FRANCE For the nine months ended May 31, 2018, Groupe Beneteau has reported revenues for its Boat Division of €722.9m, up 4% compared to the same period last year or 6.9% at constant exchange rates. Boat sales for the third quarter were up 3.1% at constant exchange rates. The company said results have been supported by positive sales trends in Europe along with brisk fleet orders. Markets in North America, Asia-Pacific and the rest of the world also made positive contributions to revenues, while sales to South America continued to decline sharply, down 40% compared to the first nine months last year. Based on the order book as of June 30, the Boat Division is targeting full-year revenue growth of 7% to 8%. Although the builder says these results continue to outpace…

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