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Sanlorenzo Reports Q1 Financials

Sanlorenzo Reports Q1 Financials May 6, 2021 Sanlorenzo’s net revenues increased 20.5 percent in the first quarter of the year to EUR118 million ($142 million), driven by strong sales in the Asia-Pacific region and the Americas, the yacht builder Net revenues in the APAC region were up 83 percent compared with the same quarter in 2020, totaling EUR26 million ($31.3 million) and accounting for 22 percent of total revenues. Revenues of EUR24.5 million ($29.5 million) in the Americas were up 61 percent from the same period a year prior and accounted for 18.1 percent of total revenue. Sales in Europe topped both at EUR59.7 million ($72 million) for 50 percent of net revenues, dropping by less than 1 percent compared with 2020.

Pamlico Sound Ferry Routes Return To Full Schedule Wednesday

Credit NC Ferry Division The N.C. Department of Transportation’s Ferry Division has announced it will return to its full schedule on April 21 on Pamlico Sound routes between Cedar Island, Swan Quarter and Ocracoke.  The division completed a test run Tuesday with the M/V Swan Quarter to make sure the channel is navigable.  It took almost a month for the U.S. Army Corps of Engineers to clear shoaling that was occurring in the ferry channel just outside of Ocracoke’s Silver Lake Harbor.  The full schedule beginning April 21, weather permitting, is as follows: Ocracoke to Cedar Island:  7:30 a.m., 1 p.m. and 4:30 p.m.

Pamlico Sound Ferry Routes Suspended Due To Shoaling

Credit NC Ferry Division The N.C. Department of Transportation’s Ferry Division is suspending all service on the Cedar Island and Swan Quarter ferry routes through Monday, April 12.  The U.S. Army Corps of Engineers began dredging the Bigfoot Slough last month to clear the shoaling. The agency said in a news release Wednesday that shoaling continues to worsen in the ferry channel, just outside of Ocracoke’s Silver Lake Harbor.  Shoaling occurs when sediment fills the channel, making water depths too shallow and too narrow for the ferry vessels to safely operate.  The Ferry Division will reassess channel conditions on Monday and make a decision on whether to resume service at that time.

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