All articles by Tony Esposito – Page 63
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NewsFLIBS lessons learned from a proof of concept laboratory
The Fort Lauderdale International Boat Show (FLIBS), which closed its five-day run on Sunday, was not only a success by every outward measure – most notably, exhibitor sales – but can serve as a model for other industries, public events and governments as we navigate a world that sees no ...
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NewsFt Lauderdale 2020: is less more?
The 61st edition of the Fort Lauderdale International Boat Shows (FLIBS) was different in many ways from years past, but at least one industry veteran called it a tribute “to the fortitude of boaters.” Chuck Cashman, chief revenue officer for MarineMax, told IBI on Monday: “Trying to establish rapport with ...
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NewsBrunswick ramping up production to meet off-season demand
Brunswick Corporation’s impressive double-digit growth during third-quarter landed CEO David Foulkes an appearance on financial network CNBC’s ‘Mad Money’ to close last week, where he told host Jim Kramer the boat and motor manufacturer is tolling up production at all of its plants.
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NewsMiami cancellation surprises few, relieves many, disappoints an industry and begs new questions
The decision by the National Marine Manufacturer’s Association (NMMA) to cancel nine of its first-quarter boats shows, including the cornerstone and iconic Miami International Boat Show (MIBS), was met with a mixed reaction from the recreational boating industry. But one universal sentiment was expressed by Correct Craft president and CEO ...
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NewsRV, marine drive Patrick Industries' strong Q3 growth
OEM component manufacturer Patrick Industries showed strong third-quarter growth that belies an otherwise off year due to Covid-related shutdowns of its facilities and the many industries it serves.
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NewsFLIBS opens to smaller crowds
The first day of the 61st annual Fort Lauderdale International Boat Show (FLIBS), unsurprisingly, saw smaller crowds, which were welcomed with a mandatory mask policy and other safety measures that included a limited crowd capacity at the show aimed at holding a large international event in the midst of a ...
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NewsSt Kitts marketing as safe destination to lure yachters
The Federation of St Kitts and Nevis is being marketed as a safe destination to lure yacht traffic as a first step toward rebuilding its struggling tourism industry. “We need to understand that rebuilding the tourism market is going to take integrity of the brand and it is also going ...
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NewsSurprise Q3 results for Marine Products Corporation
Marine Products Corporation, makers of Chaparral, Robolo and Vortex boats, surprised Wall Street with its third quarter results that saw a nearly 10.5% reduction in unit sales and a 4.8% drop in sales revenue reported at US$68.7m.
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NewsCroatian nautical sector seeks government financial support
A 50% drop in yacht arrivals and a 65% revenue loss from the reduced traffic has Croatia’s growing marina and nautical sector stalled and seeking some additional job support funding, according to the Croatian Chamber of Commerce (HGK).
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NewsCummins’ North American sales decline, international sales stable
Cummins Inc closed its third quarter with revenues down 11% to US$5.1bn from last year, led by an 18% drop in North American sales while international revenues were flat.
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NewsCaterpillar crawls through rough third quarter
Caterpillar Inc has announced third-quarter earnings that are down across the board, led by lower end-user demand. The Deerfield, Illinois-based Cat reports sales and revenue of US$9.9bn, a 23% decline from Q3 2019. Profit per share was down 54% at US$1.22, while operating profit margin dropped nearly 6 points to ...
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NewsSafety first as FLIBS prepares for Wednesday opening
With a preponderance of precautions in place, the 61st annual Fort Lauderdale International Boat Show (FLIBS) gets underway Wednesday, albeit on a smaller overall footprint and with less than half of the exhibitors who attended the 2019 event, all propagated by the Covid-19 global pandemic. The recently concluded Genoa Boat ...
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NewsBrunswick elects Reggie Fils-Aimé to Board
The former head of Nintendo of America has been elected to Brunswick Corp’s Board of Directors.
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NewsUS outdoors industry can lead economic recovery
Senator Martin Heinrich tells Outdoor Recreation Caucus Hill Briefing that the time is right for a national outdoor recreation plan
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NewsDerecktor’s Florida megayacht yard moves forward
Following an 11-month review, the US Army Corps of Engineers has signed off on Derecktor Shipyards’ plans for a 220ft x 50ft haul-out basin, which clears the way for the New York-based company to build a world-class, full-service repair and refit facility for megayachts in the Port of Ft Pierce, ...
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NewsVittoria Shipyard adds yacht division
Tapping into a century of experience with military and civil shipbuilding, Italy’s Vittoria Shipyard is moving into the luxury sector, announcing a new yacht division with three product lines. Michele Zorzenon was named managing director for the yacht group under the shipyard president Paolo Duo, a fourth-generation member of the ...
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NewsBrunswick achieves zero landfill waste at Fort Wayne
Brunswick Corporation’s decades-long move toward sustainability has resulted in its Harris and Cypress Cay pontoon manufacturing plants reach ’Zero Waste to Landfill’ status.
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NewsVICTA: surface submersible aimed at ‘aqua tourism,’ defense
SubSea’s VICTA 1200: Sea trials will begin next year A British company is set to launch next year what it is calling “one of the world’s most technologically advanced and cutting-edge surface submersible craft” following a US$15m investment. Bond-like in its concept and design, SubSea Craft said ...
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NewsObituary: Geoff Ewenson
Professional sailor Geoff Ewenson unexpectedly passed away last week after suffering a heart attack at age 50.
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NewsOneWater realigns management team for growth
The US’s second-largest chain of boat dealerships makes key organisational changes
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