Nimbus Group sales slide in Q3 2025
Sweden’s Nimbus Group has reported net sales of SEK 263m ($28.93m) for the third quarter of 2025, a decrease...
Marine finance
X Shore chief says firm remains ‘fully operational’ after production arm files for bankruptcy
The chief executive of Swedish all-electric boat manufacturer X Shore has insisted the boatbuilder remains “fully operational” after its...
Brunswick reports 6.8% Q3 sales increase
Brunswick Corporation has reported its financial results for the third quarter of 2025. The company recorded consolidated net sales...
Catalina Yachts pauses production amid ‘financial challenges’
Catalina Yachts has paused production to “reorganise its operation.” The US boatbuilder, which was established in 1969 and acquired...
SilverCAT embraces crypto for first European sale
Power catamaran builder SilverCAT has completed its first cryptocurrency-backed sale in Europe, highlighting a shift in how the marine...
US recreational boating spending reaches $55.6bn in 2024
The National Marine Manufacturers Association (NMMA) has published its 2024 Total Industry Sales by Category and State Report, part...
Turkey imposes 8% tax on yachts and leisure vessels
Turkey has introduced an 8 per cent Special Consumption Tax (SCT/ÖTV) on yachts, motorboats and other leisure vessels, ending...
Azimut-Benetti reports €1.5bn revenue forecast and €2.5bn order log
In a statement posted this morning, Italy’s Azimut-Benetti Group says it expects to close the 2024/2025 nautical season with...
MasterCraft reports strong Q4 in fiscal 2025 results
MasterCraft Boat Holdings has reported financial results for its fourth quarter and full year ended 30 June 2025. The...
OneWater Marine posts solid Q3 2025 earnings
US marine retailer OneWater Marine has reported its financial results for the fiscal third quarter ended 30 June 2025,...
Marine group wins against Lloyd’s of London Syndicate
California-based Wing Group (which manufactures life jackets, boats, and other safety equipment) says it has secured what it’s deeming...
