All articles by Tony Esposito – Page 62
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NewsE-Motion outboards to go public, Vision to price placing
Vision Marine Technologies, the Canadian firm behind the E-Motion electric outboard, has announced an initial public offering of 2.4 million common shares at US$10 per share to raise US$24m before offering expenses. The new stock will be offered on the Nasdaq under the ticker symbol ‘VMAR’ with trading beginning today ...
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NewsTracker to double production capacity, add 300 jobs
Tracker Boats in the US is doubling production capacity at its Bolivar, Missouri facility and adding 300 jobs there and at its nearby Lebanon, Missouri facility. Owned by White River Marine Group, a subsidiary of Bass Pro Shops, a company statement indicates founder Johnny Morris is investing US$3m in converting ...
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NewsMarineMax cited as pandemic performer
MarineMax, the Clearwater, Florida-based national retailer, was named a top performer during the pandemic months by a local newspaper looking at how the Top 10 companies in the Tampa Bay area of the Panhandle State fared during the second and third quarters of 2020. “If any local company can be ...
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NewsAntigua Charter Yacht Show cancelled
After months of preparation and just a fortnight from opening, the organisers of the 59th Antigua Charter Yacht Show have scuttled the 2020 event over Covid-19 concerns.
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NewsTrade, tariffs and the environment likely lead Biden agenda
While getting control over the rapidly escalating Covid-19 infection rate and accompanying economic woes will be his new administration’s number one priority, the environment, trade and tariffs are likely to be among the top agenda items of the incoming Biden administration, according to a panel of marine industry Capitol Hill ...
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NewsChaparral, Robalo Boats see growth into 2021
Marine Products Corp is working to meet order and inventory demand
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NewsCan Covid growth be sustained and retained?
More than 44,000 new boaters entered the US market in 2020 as part of a general turn to the outdoors brought about by the Covid-19 pandemic. But who are these new enthusiasts and – more importantly, some would ask – is there a way to avoid the inevitable churn of ...
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NewsSailfish plans methodical growth to global brand status
Former Marquis Yachts president Rob Parmentier joined Sailfish in August as president and CEO The recent addition of nine new dealers across the United States is the next step in a “methodical growth plan” to transform Sailfish Boats from a strong, regional boatbuilder to a global brand. ...
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NewsDemand has US marinas bursting at the seams
F3 Marina began construction of its new 130ft-tall drystack marina in Ft Lauderdale last February “There’s nowhere to put ‘em.” That’s F3 Marina president John Matheson’s assessment of the US boating boom and the demand it has created for berthing and storage space, which is making marinas ...
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NewsUS Gulf coasts take a double whammy in 2020
Tropical storm Eta over Florida Eta has returned to Tropical Storm status as it passes over the state of Florida, delaying by two days the opening of the Fort Myers Boat Show, adding to the cornucopia of natural disasters – from Covid to wildfires to storms and ...
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NewsDream Yacht Charter wins US$1.7m judgement
A US District Court judge has let stand a September ruling awarding nearly US$1.7m to the Annapolis, Maryland yacht charter company against Reginald Cummings and his Black Travel Movement (BTM) tour agency. Cummings and BTM had until 26 October to appeal the ruling, but failed to meet the deadline, meaning ...
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NewsFort Myers Boat Show delayed, storm brewing
The opening of the 48th Fort Myers Boat Show (FMBS), a four-day event scheduled to open tomorrow, has been pushed back to Friday 13 November, proportedly due to weather. Tropical storm Eta is reforming into a hurricane in the Gulf of Mexico off Florida’s West coast. And ...
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NewsAzimut and Brunswick report success at FLIBS
Both Azimut Yachts and Brunswick Corp have reported positive results from the scaled-down Fort Lauderdale International Boat Show (FLIBS) last week.
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NewsTaiwan adds automatic ID requirement for yachts over 12m
Taiwan’s Ministry of Transportation and Communications will begin this week enforcing amendments to its Regulations Governing the Management of Yachts aimed at improving overall safety of the growing yacht fleet plying the waters of the China Sea. Chief among the changes is a requirement that yacht rental firms and commercial ...
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NewsWhat can boating expect from the new US President, Congress?
With the new year, the US will see a new President and a new Congress, but not much else is expected to change for the recreational boating industry – on a legislative front. “We expect, from what we’ve already heard from President-elect Biden, there will definitely be an emphasis on ...
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NewsScott Bauer named to head Parker Boats
Correct Craft looked inside its organisation for the new president of Parker Boats, Scott Bauer.
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NewsSailfish Boats expands dealer network
Sailfish Boats has added nine US and Canadian dealers in the 60 days since Rob Parmentier took over the role of president and CEO back in August.t.
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NewsSuzuki Marine has credible first-half year
While total corporate results showed sigfnificant weakness, Suzuki’s Marine division produced first-half results virtually level with 2019…
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NewsUSVI Charter Yacht Show to go ahead as planned
The US Virgin Islands (USVI) Charter Yacht Show will be held as scheduled from 12-15 November in both live and internet environments to accommodate those on restricted travel and encourage travel to the islands.
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NewsMiami Beach voters sink marina redevelopment plan
Voters in Miami Beach have rejected the US$55m sale of air rights over the city-owned marina, effectively killing a multimillion-dollar redevelopment deal. Developer David Martin planned a 385ft luxury residential tower and rehab to the Miami Beach Marina including a US$22.5m 45,000sq ft marina facilities building, US$40m in capital improvements ...
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