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Boatbuilders make news in a variety of ways, among them by debuting new models and announcing business expansions or quarterly financial results.

Vicem Yachts holds Bahamian rendezvous

Vicem Yachts recently held its first rendezvous event as a fleet of 12 yachts carrying 75 guests converged last month on the Old Bahama Bay Luxury Oceanfront Resort on Grand Bahama Island, Bahamas. A variety of water and land excursions, along with a traditional Bahamian barbecue kept guests busy during daylight hours, while a “White…more

Maritimo confirms purchase of Mustang Marine

Bill Barry-Cotter, founder and CEO of Maritimo, confirmed his company has purchased the assets of Mustang Marine. Maritimo bought the intellectual property and molds and will maintain the Mustang brand. Distribution will continue through some existing dealers, though boats will also be sold through Maritimo dealers, it was announced. Barry-Cotter said the purchase was a…more

Hydra-Sports rolls out 2011 models

Hydra-Sports Boat Co., the former Genmar brand recently bought by MasterCraft Boat Co. and its partners, announced that it has ramped up production and rolled completed 2011 models off the line this week. “There is no question this is a big moment for the Hydra-Sports brand,” said John Dorton, president and CEO, in a statement.…more

Luxury automaker turns to luxury yachts

The designers at Mercedes-Benz will be styling other products in the future, including yachts, the company says. The portfolio of the newly established “Mercedes-Benz Style” division will comprise not only transportation-related products but also furniture and lifestyle products as well as industrial design, the company said on its Web site. “In accordance with the original…more

Buyer sought for Challenger Powerboats

Challenger Powerboats, which shut down and filed for bankruptcy in April 2008, is for sale. Challenger Powerboats, the parent company for Challenger boats, also manufactured Gekko towboats and Sugar Sand jet boats. Following its closure, Gekko founder Mark Overbye regained ownership of Gekko and Challenger. “This is an excellent opportunity for another builder to expand…more

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Startup sees logic in contrarian timing

Builder of 17-foot performance boat says the recession made money cheap and labor plentiful David Hartmann is often asked why he’d start a boat company just as the marine industry is struggling to climb out of a recession. Now, he insists, is precisely the right time. “There are good things to be said about this…more

Marine Products Corp. reports 1Q results

Marine Products Corp., maker of Robalo and Chaparral boats, reported an 84.9 percent increase in net sales for the first quarter ending March 31. For the period, Marine Products generated net sales of $24.49 million, compared to $13.25 million in the same period last year. The increase in net sales was due primarily to a…more

Encore ramps up production

Encore Boat Builders, manufacturer of the Bentley Encore pontoon, reports it has increased production to keep up with growing demand. The Lexington, S.C.-based company is now producing 50 boats a week, up from 25, the company said. “The winter show season has been positive with all of our dealers. We are very excited about the…more

Campion presented with ‘Green Business Award’

Campion Marine was recognized by the Kelowna Chamber of Commerce in British Columbia with a Green Business Award. “We are honored to receive this award,” general manager Brock Elliott said in a statement. “We will continue to move forward along the green path, looking for new and better ways to improve our boats, both for…more

Jeppesen posts white paper on navigation safety

Jeppesen, with the participation of its consumer-oriented Alliance for Safe Navigation partners, published a white paper that examines common causes of boating accidents, property loss and injury. With the publication, Jeppesen seeks to educate boaters about the most basic way to improve safety at sea – by making sure they set off with up-to-date navigation…more

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