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Rolls-Royce’s Power Systems division has released its half year financial results, reporting strong and profitable growth in the first half of2025. Adjusted for the sale of the lower power engine business last year, the Rolls-Royce’s Power Systems division’s revenue, with its mtu product and solutions brand, rose by 20 per cent to €2.4 billion* (£2.0…

US marine retailer OneWater Marine has reported its financial results for the fiscal third quarter ended 30 June 2025, with revenue rising 1.9 per cent year-on-year to $552.9m. Same-store sales also increased 2 per cent for the quarter. The Georgia-based dealer network reports that new boat revenue declined 2.1 per cent, primarily due to a…

California-based Wing Group (which manufactures life jackets, boats, and other safety equipment) says it has secured what it’s deeming a landmark win in an insurance bad faith lawsuit against Lloyd’s of London Syndicates. “Lloyd’s misconduct, obfuscation, bullying, ignoring, belittling, and overall approach toward Wing, when we were in a time of need, is so disappointing…

In the space of a year Nick Ogden – founder of Performance Marine Group – has found himself overseeing the build of 500 boats. “If someone told me last year that I’d be building over 500 boats next year, I would have smiled. This year, I’m still smiling – but the 500 was an underestimate,”…

GoBoat UK, the self-drive boat rental company that operates electric boats on London’s waterways, is expanding its relationship with Yamaha Motor. GoBoat UK has used Torqeedo outboards exclusively since launching in 2016 and now runs 57 boats across Paddington, Canary Wharf, Kingston and Thames Ditton. According to the company, its fleet carries more than 150,000…

“This is a pivotal moment for Agilis,” says Alexander Starchenko, sales director for Agilis Jet Tenders. The company’s announced that it’s doubled its production capacity at its German facility to take it from 1900 to 4000m2. It’s also investing in advanced manufacturing processes, including CNC machining and vacuum infusion. The idea is to optimise quality…

Flite, a brand of Mercury Marine and part of Brunswick Corporation, has launched its first product ranges from the new Flitelab* brand of foil boards and accessories. The launch, which took place yesterday (on 30 July 2025) follows the 2024 debut of the Flitelab* brand, and Brunswick’s 2023 acquisition of Australian eFoil maker Fliteboard. The…

Garmin has reported its financial results for the second quarter ending 28 June 2025, highlighting double-digit growth across all segments, including a 10 per cent increase in marine revenue. Consolidated revenue for the quarter reached $1.81bn, marking a 20 per cent increase year-on-year. Gross margin rose to 58.8 per cent and operating margin improved to…

Rib Shop Ltd has expanded its operations at MDL’s Hamble Point Marina in Southampton, on the UK south coast, taking on Unit 6, Firefly Road as an additional space. The 590 sq ft unit functions as a client-facing showroom, where the company displays Honda outboards and Highfield tenders. It also provides a space for clients…

US-based marine decking and deck maintenance product company, Teakdecking Systems (TDS), is appointing Bryan Dodd as vice president of deck maintenance products. Based in the US, Dodd will oversee the company’s deck maintenance products division, focusing on growth and innovation in North America, while also supporting the expansion of product strategy and development efforts in…