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“Twin Vee continued to execute its turnaround and cost-reduction plan in the third quarter, improving both gross margin and operating efficiency,” says Joseph Visconti, CEO and president of the Floridian company which manufactures power cats. “Our expanding dealer partnerships and disciplined overhead management supported 18 per cent revenue growth while narrowing losses.” Highlights of the…

A year after crossing the Vendée Globe finish line as the first-ever Swiss-German skipper to complete the world’s toughest solo race, Oliver Heer is preparing for a new challenge — one that begins not at sea, but on the phone. Having spent 99 days alone navigating the globe, Heer is now navigating sponsorships, logistics and…

When it comes to digitalisation, the sales side of the boatbuilding industry has often outpaced the workshop. Swedish software company Verendus aims to change that with the launch of a mobile app designed specifically for mechanics. “The workshop is a critical part of many dealerships, yet it’s often where digitalisation lags behind,” says Henrik Gerdin,…

Marine trade distributor Technical Marine Supplies has appointed David Mossman as UK and European sales manager. Mossman says: “I’m thrilled to be joining TMS at such an exciting time. Having worked with Nick and the team over the years, I’ve always admired their commitment to quality and customer service. I’m looking forward to reconnecting with industry…

Metstrade 2025 is marking a turning point for Saim Marine. Not only does the company represent many worldwide brands in Italy, it also develops what it terms high-quality solutions for its clients via its in-house design and development teams. And this is the first time Saim is a co-exhibitor of Rehlko’s at the show. Rehlko’s…

Sunseeker International, based in Poole, Dorset, on the UK south coast, has confirmed that it will receive new capital investment into the Sunseeker Group from its lenders, Cheyne Capital and Cross Ocean Partners. The lenders, who manage combined assets exceeding $20bn, have agreed to provide additional funding to support the company’s long-term operations. As part…

Canada’s 2025 federal budget includes a commitment to remove the luxury tax on private planes and boats, which was first introduced in September 2022. The policy – introduced by the Trudeau government – had drawn criticism from Canada’s marine industry for contributing to job losses, lower tax revenues and reduced sales. According to trade association…

Molabo, a German manufacturer of high-performance electric propulsion systems, has appointed Tommi Salonen as head of global marine sales.  Salonen will lead the firm’s commercial growth in the expanding electric boating market. He brings more than two decades of international experience in marine propulsion, boat manufacturing and equipment, with previous roles including leadership positions at…

Saxdor Yachts has strengthened its footprint in North America by appointing two new exclusive dealers in Canada – Cabano Marine in Quebec and DT Powersports & Marine in Ontario – marking the Finnish boatbuilder’s official entry into the Canadian market. The move builds on a 49 per cent year-over-year sales increase in the United States,…

Oyster Yachts has opened a new service centre in Barcelona to support the growing number of Oyster owners in the Mediterranean. More than 45 yachts are now based in the city, which has become a key wintering location for owners seeking an alternative to Palma. The new facility provides refit, maintenance, engineering and guardianage services,…