Market News

“Twin Vee continued to execute its turnaround and cost-reduction plan in the third quarter, improving both gross margin and operating efficiency,” says Joseph Visconti, CEO and president of the Floridian company which manufactures power cats. “Our expanding dealer partnerships and disciplined overhead management supported 18 per cent revenue growth while narrowing losses.”

A year after crossing the Vendée Globe finish line as the first-ever Swiss-German skipper to complete the world’s toughest solo race, Oliver Heer is preparing for a new challenge — one that begins not at sea, but on the phone.

The non-profit BoatUS Foundation for Boating Safety and Clean Water has launched a national database designed to identify, track, and document abandoned and derelict vessels (ADVs) across the US, its territories, and freely associated states.

Flux Marine, developer of electric outboards and battery systems, has partnered with Zodiac Marine, a global manufacturer of inflatable boats.

Navan Boats, the exploration-oriented brand under Brunswick Corporation, is strengthening its north American footprint with the appointment of five new premier dealers.