All articles by Tony Esposito – Page 65
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NewsMillions in damage for Alabama marina, many face insurance woes in the wake of Hurricane Sally
Hurricane Sally’s final financial toll has yet to be calculated, but is expected to be in the billions, as exampled by just one Alabama marina that suffered millions in damage and others may face insurance hassles due to the storm’s sudden, unexpected turn to the east. Nearly 100 boats lay ...
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NewsPure Watercraft secures US$23m in Series A funding
A Pure Watercraft electric outboard motor Seattle-based Pure Watercraft, maker of electric marine propulsions systems, has secured US$23.4m in Series A funding led by San Francisco venture capital and private equity firm L37. Pure Watercraft will use the funds to “scale operations from beta to broad commercialization,” ...
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News2020 expected to be fourth-best year for RV sales in the US
Whether they’re known as caravans, RVs, campers or motorhomes in your part of the world, recreational vehicle sales in the US are rolling along on a record pace for 2020 with the industry predicting an all-time high in 2021. A news release yesterday from the RV Industry Association (RVIA) projects ...
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NewsMonaco’s ‘Planetary Health Week’ keeps spirit of yacht show alive
When is a yacht show not a yacht show? When it become ‘Planetary Health Week’, as is underway in Monaco beginning today.
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NewsCompX shares soar 21% at Friday’s close
CompX International, whose holdings include Livorsi Marine and Custom Marine Inc (CMI), saw its stock jump slightly more than 21% to close at US$16.95 at the end of trading on Friday 18 September.
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NewsHurricane Sally destroys or damages marinas and boats along its path
While now a tropical depression dumping massive amounts of rain, Hurricane Sally came ashore near Gulf Shores, Alabama on Wednesday, taking some by surprise and leaving boats strewn well inland or sunk at the dock. At least one marina was severely damaged and at least one man is missing. Earlier ...
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NewsVIVIC signs US$100m contract for development of electric yacht
VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it has completed ...
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NewsCrowdfunding is fuelling electric boat motors as Oceanvolt nets €650,000 in four days
Electric power and propulsion systems manufacturer Oceanvolt is getting a financial jolt for its electric boat motor development, having raised €650,000 in the first four days of a crowdfunding campaign that hopes to net €1.5m, in what seems to be a growing trend for on-water electric propulsion. This is actually ...
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Judge declares yacht ownership suit “a mess”
A federal judge in Miami, Florida who has declared the ownership lawsuit over a US$1m yacht “a mess” is allowing a local business which has procession of the boat to keep it temporarily, and has further suggested federal investigators may want to intervene. It all began in April, when brothers ...
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NewsNumber of first-time boaters and female buyers up in US
Two new reports out this week indicate that it took just a few months of a global pandemic to reach what decades of marketing was only beginning to achieve: an increase in first-time and female boaters. Powersports marketing consultants Rollick has analysed and released data on boat-buyers entering the market ...
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NewsMalibu gets favourable ruling for patent case
US ski & tow-boat manufactuer, Malibu Boats, reported a favourable court ruling. allowing it to move forward in its patent litigation against the Supra and Moomba boat brands, owned by Skier’s choice
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NewsUS recreational fishing hits 12-year high
If there is a bright spot in the Covid-19 pandemic, one could certainly point to the outdoor recreation economy, which has been booming in the US since April, and now a new report from the Recreational Boating and Fishing Foundation (RBFF) bears that out, showing 50 million Americans have been ...
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NewsBrunswick buyback resumes
After suspending activity early this spring due to the uncertainty of the Covid-19 pandemic, Brunswick Corp will resume its share repurchase program starting today.
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NewsFort Lauderdale show decision imminent
The Broward County Commission could reach a decision about the future of the Fort Lauderdale International Boat Show (FLIBS), scheduled for 28 October to 1 November, at several venues along the intercoastal waterway, on….
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Patrick Industries buys wood distributor
Marine components supplier acquires working capital, machinery and equipment, and real estate of Inland Wood
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NewsGovernment audit clears Team New Zealand in America’s Cup controversy
No evidence of financial wrong doing or misappropriation of funds
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NewsGulf Star Marina completes US$20 million automated dry stack
Marina claims its the first fully-automated dry stack storage system in the United States
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NewsOneWater broadens digital platform with Boatsforsale.com acquisition
Bricks and mortar boat retailer makes move to expand online presence
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NewsNova Luxe acquires SA yacht-builder
Just one year after launching its first all-electric yacht, US-based Nova Luxe has acquired South African yacht-builder Scape, according to a company statement. Scape has been producing highly efficient catamarans primarily for the charter fleet market for more than 15 years. Nova Luxe plans to adopt the Scape models to ...
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NewsDrydock proposals sought by Puerto Rico Port Authority
The Puerto Rico Port Authority (PRPA) has issued a Request for Proposals (RFP) for up to US$20m in repairs and improvements to its World War II-era drydock facilities. Located at Pier 15 in Isla Grande, San Juan, the drydock was built in the 1940s and operated by the US Navy, ...
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