Category: Uncategorised

The paint and coatings manufacturer AkzoNobel has published its financial results for the third quarter of 2025. Chief executive officer Greg Poux-Guillaume says: “We’ve had a resilient third quarter, with profitability up to 15.1 per cent on disciplined pricing and continued benefits from our SG&A and industrial excellence programmes. “Despite continued macro-economic softness and the…

Volvo Group reported net sales of SEK 110.7bn ($12.2bn) for the third quarter of 2025, down 5 per cent year on year, with an adjusted operating income of SEK 11.7bn ($1.3bn) and a margin of 10.6 per cent. Adjusted for currency, overall group sales rose 1 per cent. President and chief executive Martin Lundstedt says:…

US yacht sales and service firm Galati Yacht Sales has transferred full beneficial ownership of the company to its employees through an Employee Stock Ownership Plan (ESOP). The firm says the change aims to maintain the company’s continuity while also allowing employees to hold shares in the company. Founded in 1970 on Anna Maria Island,…

Turkish yacht builder Sirena Yachts has appointed Virage Yachts as its exclusive UK dealer, as it continues to expand its presence across Europe. Ross Donohoe, international sales manager at Virage Yachts, says: “We are honoured to have been appointed as the official UK dealer for Sirena Yachts. This partnership strengthens our long-standing relationship with this…

The organisers of the Genoa International Boat Show have confirmed the dates for the 66th edition of the event, which will take place from 1 to 6 October 2026.  Piero Formenti, president of the Italian Marine Industry Association, comments: “The Genoa International Boat Show continues to expand, innovate and confirm its role as a strategic asset…

Catalina Yachts has paused production to “reorganise its operation.” The US boatbuilder, which was established in 1969 and acquired by Michael Reardon in May 2025, is known for producing cruising and performance sailboats.  In a statement, Patrick Turner, president of the Florida-based shipyard, says the “temporary production pause” is being implemented while the company reorganises…

A sailor has been rescued after a 16ft sailing vessel capsized in rough seas, south-west of The Needles lighthouse off the Isle of Wight, on England’s south coast. Emergency services were alerted shortly before 11am on Saturday (18 October 2025) after the vessel’s sole occupant issued a mayday call. In sea conditions described as “challenging”,…

Torsten Müller-Ötvös, former Rolls-Royce CEO, joined Oyster Yachts this year. Here, he chats to editor Chantal Haines about the potency of brand positioning and what the marine sector can learn from the automotive world. When Oyster Yachts announced in May 2025 that Torsten Müller-Ötvös would join as strategic adviser, it marked a significant step for…

North Carolina-based boatbuilder MJM Yachts has appointed HMY Yacht Sales as its dealer for the East Coast of Florida, covering the region from the Georgia/Florida border to Key West. HMY operates 13 sales and service locations along Florida’s Atlantic Coast and will offer the full range of MJM Yachts, currently spanning 38 to 47ft models. Tim…

Lookout, a company specialising in artificial intelligence for marine safety, has been named the winner of the National Marine Manufacturers Association (NMMA) 2025 Innovation Award for Marine Electronics at the recent International BoatBuilders’ Exhibition and Conference (IBEX). Presented annually by the NMMA, the Innovation Awards recognise outstanding new products that demonstrate advancements in technology, design and safety.…