All articles by Tony Esposito – Page 67
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NewsKiwi government suspends America’s Cup funding amid Team NZ spy, fraud claims
It’s been quite a summer for Emirates Team New Zealand, defending America’s Cup champions, which began the week firing team members for spying, answering charges of financial fraud, and culminating in the government’s suspension of payments to the team and Cup organisers pending further investigation. “We are not intending to ...
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NewsTrinidad & Tobago brace for surge of superyachts
Trinidad &Tobago (TT) is preparing for a “surge” of superyachts, causing its Attorney General (AG) to amend local legislation aimed at easing entry while protecting the island nation.
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NewsTeam New Zealand named in NZ$1.5m government wage subsidy probe
Just days after announcing the dismissal of an undisclosed number of teammates for leaking confidential information, defending America’s Cup champions Team New Zealand is now under investigation for financial mismanagement surrounding government Covid-19 wage subsidies. The wage subsidy plan is the cornerstone of the government’s economic response to Covid-19, allowing ...
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NewsNew York Yacht Club America’s Cup boats arrive in NZ whilst spy claims hit the home team
As the New York Yacht Club’s challenge for the America’s Cup advanced with the arrival of its first boat in New Zealand on Monday, Team New Zealand says it has fired a number of employees for leaking confidential information and officials are investigating “structural and financial matters” relating to the ...
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NewsHinckley Yachts: smooth sailing in rough times
Boat sales have doubled in a year-to-year comparison, says US builder, with pre-owned models selling at unprecedented rates
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NewsBrunswick to host two-day virtual boat show
Brunswick Corp is entering the virtual boat show arena with a two-day July event that will feature product from the Brunswick Boat Group, Mercury Marine and the various BC P&A businesses, as well as “key partners”, to showcase “cutting-edge technology, design and innovation all under one ‘virtual’ platform.”
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NewsGerman design firm releases first images of US$562bn mega-catamaran
The 650ft Galileo2 is described as a “floating marina”
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NewsSterling Global Financial gets preliminary go-ahead for US$350m Bahamas project
Montage Cay and Marina will create nearly 3,000 jobs during the life of the project
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NewsAmeri-Kart consolidates two facilities into new US$10m factory
Ameri-Kart, supplier of plastic components for the marine, RV manufacturing and safety industries, has begun construction on a new US$10.1m facility that will replace two of its current operations.
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NewsGreat American Outdoors Act passes US Senate
On a bipartisan 73-25 vote, the US Senate passed the Great American Outdoors Act (GAOA) on Wednesday, permanently endowing the Land and Water Conservation Fund (LWCF) at its existing US$900m appropriation and reduce the US$20bn in deferred maintenance backlogs on public lands.
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NewsRussell Marine opens sixth showroom with new boating/outdoor concept
Russell Marine, the multi-location Alabama dealership and marina operator, held a soft-opening last week for a new 150,000sq ft facility and a new retail concept for the company – all in the midst of the Covid-19 pandemic.
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NewsBig Thunder Marine expands to Florida East coast
A hallmark in performance boating is expanding beyond its Lake of the Ozarks, Missouri roots with a new ‘Fountain-focused’ facility at Palm Beach Gardens, Florida.
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NewsSea Tow survey: Members plan more boating closer to home
Boaters in the US will be doing more boating closer to home and will make other modifications to their boating habits, according to a survey from the country’s leading provider of on-water assistance.
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NewsUS boating deaths down in 2019, Florida leads states
While the total number of boating accidents in the US increased slightly in 2019, the number of boating deaths is down, according to the US Coast Guard Recreational Boating Statistics Report released Wednesday.
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NewsFraser CEO sees bright future for superyachts
Raphael Sauleau: “We’re receiving a steady stream of enquiries and inspection requests” Hopeful, yet confident. That is how Fraser Yachts CEO Raphael Sauleau feels as the world begins coming out from under COVID-19 restrictions. Sauleau describes a 2020 that began very strongly for the 75-year-old brokerage, management ...
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NewsSailTime enters powerboat market, adds new franchise
SailTime, a pioneer in the fractional boat club economy, has added a franchise in Portland, Oregon, and entered the powerboat market – just in time for a boom in boating interest from people who’ve been locked-down by COVID-19 and have had to dramatically alter their summer travel plans.
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NewsGreat American Outdoor Act set for Senate passage
The US Senate is poised for a procedural vote today that should lead to passage Tuesday of the Great American Outdoors Act (GAOA), which combines and expands two major conservation and access provisions by permanently funding the Land and Water Conservation Fund (LWCF) at its existing US$900m appropriation and reduce ...
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NewsHow the virtual world is transforming the way our industry operates
When the COVID-19 pandemic settled in and millions of people around the globe began sheltering and working at home, organisations and industry scrambled to make a new virtual existence a reality. The recreational marine industry was among them. From team meetings to boat shows, the industry adapted quickly. When the ...
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NewsBRP closes Alumacraft Arkansas plant, consolidates in Minnesota
BRP will shutter its Alumacraft Boat operation in the state of Arkansas, eliminating 90 jobs and consolidating manufacturing at its existing facility in St Peter, Minnesota, according to a company news release and local reports. This on the heels of Wednesday’s announcement that the Canadian outdoor recreational products company is ...
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NewsPandemic drives US boat sales
“Sales have exploded over the past four weeks.” That sentiment, expressed to IBI by Clarks Landing Yachts Sales general manager Dave Patnaude, is seemingly shared by a variety of boat dealers across the US. His two locations in Maryland and one in New Jersey have seen around US$4m in sales ...
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