All articles by Tony Esposito – Page 66
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NewsWake sports boat makers make a splash with big gains to start the week
Two Tennessee-based US wake sports builders both had a big day on Wall Street Monday, as shares of MasterCraft Boat Holdings climbed nearly 5% while Malibu Boats soared nearly 8%.
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NewsBoat Monster takes delivery of first Invincible to land in Australia
The Sydney-based former Wallrock Marine is using its appointment as the Australian and New Zealand distributor of Invincible Boats to officially launch its rebranding as Boat Monster, and will introduce both at a press conference scheduled for the Royal Motor Yacht Club on 21 December.
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NewsBrunswick CEO: Pandemic boat sale surge to carry into 2021
The Covid-related sales spike realised by the US recreational marine industry this year should carry into 2021, according to Brunswick Corp CEO David Foulkes. CEO David Foulkes speaking on CNBC Closing Bell “We have incredible momentum in the industry now. We’ve attracted in a new demographic,” Foulkes ...
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NewsConnecticut takes issue with Federal economic analysis
The state of Connecticut is taking issue with US Bureau of Economic Analysis reporting that Connecticut trails other New England states in the share of the economy spent on outdoor recreation, prompting one state official to claim, “The report misses the forest for the trees.” Mason Trumble, deputy commissioner for ...
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NewsDealer Week to launch virtually with record registrations
A record 930 dealership personnel have signed up to attend the Marine Retailers Association of the Americas’ (MRAA) Dealer Week 2020, which will be held virtually beginning Tuesday.
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NewsBrunswick named among Newsweek's Most Responsible Companies
Brunswick Corp, the world’s largest recreational marine manufacturer, has been selected by Newsweek magazine as one of 400 named ‘America’s Most Responsible Companies’ (AMRC).
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NewsWinnebago updates corporate branding to unify growing portfolio
Winnebago Industries, with iconic brands like its namesake recreational vehicles and Chris-Craft Boats, is introducing what it calls a refreshed corporate enterprise brand to unify its growing portfolio of premium outdoor lifestyle products.
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NewsBoston Whaler extends Dauntless line
The Dauntless 220 and 250 (pictured) feature an 18-degree deadrise and a full-beam aft casting platform Among a cadre of Americans of a certain age, the word “boat” conjures images of the Boston Whaler Dauntless, often the first vessel a young boater would skipper. Building on that ...
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NewsOneWater to acquire Tom George Yacht Group
US-based OneWater Marine and the Tom George Yacht Group (TGYG) should close on a deal before the end of the year for the former to acquire the latter. The acquisition will expand OneWater’s presence on the Florida Gulf coast along with yacht brokerage service and the number of boat brands ...
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NewsSuzuki’s Thai factory produces one-millionth outboard
The plant manufactures 12 models of four-stroke outboards from 2.5hp-30hp
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NewsKorean Air to sell yacht marina for US$117m
A Korean investment group has signed a memorandum of understanding to acquire Wangsan Leisure Development, operator of Wangsan Marina, from Korean Air Lines for approximately US$117m. Consus Asset Management and Mirae Asset Daewoo announced the memorandum on Monday, as Korea Air Lines moves to divest assets as part of its ...
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NewsMichigan dealer expands with a focus on first-time boat buyers
A successful Michigan boat dealer is riding a wave of demand for boats by opening a third location that will focus on the first-time and entry-level boat buyers. Grand Bay Marine, founded in Traverse City in 1997, is converting a former freight warehouse into a 20,000sq ft showroom and pro ...
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NewsFlorida marine industry sees one of its own elected to State House
The voice of the recreational marine industry in the Florida House of Representatives just got louder with the election of a local boat club executive, who ran on a platform of clean water, climate-related sea level issues and infrastructure, beating out three experienced political opponents by – in keeping with ...
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NewsVision Marine IPO opens higher, shares soar in first day of trading
Vision Marine Technologies’ first day of trading on the US Nasdaq saw its IPO open 10% higher, at US$11.03 per share, then gaining 72% at its peak before some profit taking closed the day at US$13.69, nearly 37% first-day growth. The Quebec, Canada-based manufacturer of E-Motion electric outboard powertrains announced ...
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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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