Lucintel Analyzes Global Boating Industry Outlook for 2010 and Beyond: Market to Bottom Out in 2010

Economic recovery holds the key to global boating industry regaining a positive growth trajectory. There were dramatic changes in the boat market during 2009 and 2010 with prominent regions such as North America suffering double-digit decline in 2009 due to economic downturn and credit crunch. The European boat market started feeling the brunt of the economic downturn towards the end of 2008 and dropped significantly in 2009. The year 2010 is projected to remain almost flat on a global basis as economy is recovering from the recessionary trends. Lucintel expects the global boat market to see a positive growth during forecast years as market recovers from the slump of 2008 and 2009.

Lucintel, a leading global management consulting and market research firm with over 1000 clients worldwide has analyzed the global recreational boating industry to develop a comprehensive report entitled "Global Recreational Boating Industry Analysis and Forecast 2010-2015".

According to Lucintel, the global demand for recreational boat is projected to reach $27.8 billion in annual sales by 2015. On a global basis, North America represents the largest region in terms of unit shipments. Lucintel’s research reveals that Europe saw the highest relative growth during last 5 years (2004-2009) as European-based boat makers gained market share in large sized boats.

This 263 - page report provides a detailed assessment of the demand for the production of recreational boats including inboard boats, outboard boats, stern drive boats, personal watercrafts, sail boats, as well as other types on a global and regional basis. In terms of specific boat building industry trends, there is an ongoing shift in product mix toward larger and more expensive boats. According to Lucintel, Azimut-Benetti ranked number 1 in the global recreational boat market, followed by Groupe Beneteau, Ferreti, and Brunswick. This market intelligence report provides the ranking of the top 10 global leaders with their respective market shares.

This detailed research report includes demand trends and forecasts, market size estimates by boat types, regional analysis, and profile of leading companies, competitive analysis and much additional critical business information.

For a detailed table of contents and pricing information on this timely and insightful report, please contact Helpdesk at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting edge support to help you make critical decisions with greater speed, insight and cost-efficiency. To find out more, visit www.lucintel.com


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Boeing Attributes Dreamliner ZA002 Fire to Failure in the P100 Panel

Boeing continues to investigate ZA002 incident. According to Boeing release we have determined that a failure in the P100 panel led to a fire involving an insulation blanket. The insulation self-extinguished once the fault in the P100 panel cleared. The P100 panel on ZA002 has been removed and a replacement unit is being shipped to Laredo. The insulation material near the unit also has been removed.

Damage to the ZA002 P100 panel is significant. Initial inspections, however, do not show extensive damage to the surrounding structure or other systems. We have not completed our inspections of that area of the airplane.

The P100 panel is one of several power panels in the aft electronics bay. It receives power from the left engine and distributes it to an array of systems. In the event of a failure of the P100 panel, backup power sources – including power from the right engine, the Ram Air Turbine, the auxiliary power unit or the battery – are designed to automatically engage to ensure that those systems needed for continued safe operation of the airplane are powered. The backup systems engaged during the incident and the crew retained positive control of the airplane at all times and had the information it needed to perform a safe landing.

Molten metal has been observed near the P100 panel, which is not unexpected in the presence of high heat. The presence of this material does not reveal anything meaningful to the investigation.

Inspection of the surrounding area will take several days and is ongoing. It is too early to determine if there is significant damage to any structure or adjacent systems.

As part of our investigation, we will conduct a detailed inspection of the panel and insulation material to determine if they enhance our understanding of the incident. We continue to evaluate data to understand this incident. At the same time, we are working through a repair plan. In addition, we are determining the appropriate steps required to return the rest of the flight test fleet to flying status.

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REG Wind Farm Proposal Secures Resolution to Grant Permission

Renewable Energy Generation Limited, the UK renewable energy group, apprised that East Riding of Yorkshire Council's planning committee voted to support the construction of a five turbine wind farm at Sancton Hill. The vote, 12 votes to 1 in favour of the scheme, provides planning officers with a mandate to grant planning permission following the completion of Section 106 agreement in respect of a number of planning obligations.

Following the grant of planning permission, expected later in 2010, REG expects to be able to commence construction of this project in its next financial year.

Andrew Whalley, Chief Executive Officer of Renewable Energy Generation, said:
"The strong support of the planning committee to grant permission for the 10MW Sancton Hill is welcome news. The site is a good one, able to accommodate five 100 metre tip height wind turbines. We will be moving forward our discussions with the council to complete the Section 106 agreement as speedily as possible in order to allow construction in REG's next financial year.”