A resurgent Grand Banks Yachts Ltd. reported a profit of $1.47 million for the year that ended June 30, reversing a net loss of more than $3.5 million the year before.
Grand Banks Yachts was launched in 1956 as American Marine Ltd. by founder Robert Newton in Junk Bay, Hong Kong. The company builds yachts from 43 to 76 feet. Grand Banks is publicly traded in Singapore and its U.S. headquarters is in Seattle.
Grand Banks Yachts is set to debut the GB60, a 65-foot cruiser that will include 900-hp Volvo Penta D13 engines and Twin Disc BP300 bow and stern thrusters.
Grand Banks Yachts said construction is under way on the 44 Eastbay, an all-new model that is scheduled to debut at U.S. boat shows in the fall.
Grand Banks Yachts Ltd. was approved by Singapore Exchange Securities Trading Ltd. for removal from the watch list.
Increased demand for luxury yachts in North America and Asia helped builder Grand Banks Yachts post its first full-year profit in six years.
Grand Banks Yachts Ltd. is buying Australian boatbuilder Palm Beach Motor Yacht Co. for $10 million Australian, which is $9.4 million in U.S dollars.
Grand Banks Yachts has appointed NW Explorations as a Grand Banks authorized service center, as well as its first authorized purchase-for-charter company in the world. Grand Banks said Bellingham, Wash.-based NWE offers a marine service department composed of highly skilled technicians, including several who are certified by the American Boat and Yacht Council. NWE is…more
Grand Banks Yachts appointed Stan Miller Yachts as a new dealer for the region covering Washington, Oregon, Alaska, Wyoming, Utah and Idaho.
FORT LAUDERDALE Grand Banks Yachts offered $10 million in stock to its shareholders to fund new product development, acquisitions, training and equipment, company officials Tucker West and Bruce Livingston Jr. said Wednesday at the Fort Lauderdale International Boat Show. West, Grand Banks North American sales manager, and Livingston, the companys production director, noted the…more
Grand Banks Northwest hired David Bagley as a yacht broker at the Grand Banks Northwest office at Salmon Bay Marine Center in Seattle. Bagley, the son of well-known Pacific Northwest yacht broker Curt Bagley, joins the current team of Tucker West, Harry Walp and Leslie Simmo. His prior experience with selling and representing boats comes…more