All articles by Tony Esposito – Page 68
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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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NewsSummer extends into autumn for Michigan marinas
At a time of year when most boaters in winter climes are battening down for the season, marinas in Michigan are seeing a push to extend the season, shortened in part by Covid-19 restrictions in the spring. “We still have quite a few boats in the water,” according to Harbormaster ...
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NewsCroatia sees €30m hotel and marina, first on island of Vir
Croatia’s top 2020 tourist destination saw 101,000 guests by the end of September resulting in 2.1 million overnight stays and revenue within 10% of 2019, despite not one hotel room on the Island of Vir.
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NewsBahamian marinas decry “weekend of havoc” over Covid confusion
Confusion caused by Prime Minister Hubert Minnis’ emergency order allowing Bahamian seaports and marinas to remain open on New Province despite a Covid-19-related local lockdown resulted in a “weekend of havoc” that the island nation cannot afford to repeat. Association of Bahamas Marinas (ABM) president Peter Maury said boaters were ...
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NewsBrunswick appoints chief information officer
Michael Adams has been promoted to vice president-chief information officer with immediate effect
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NewsFort Lauderdale show on track but still facing challenges - industry verdict
Informa Markets have pulled out all the stops to open FLIBS in two weeks’ time but with far fewer exhibitors and with provisions which are likely to reduce visitor numbers significantly. IBI analyses the prospects for this year’s show and takes the pulse of its organisers, exhibitors and potential trade ...
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NewsNautical tourism keeps Croatia afloat
Croatia’s early adoption of the so-called ’Blue Economy’ concept seems to be paying off, as nautical tourism appears to be keeping the country’s travel industry afloat during the time of Covid-19. Tourism and Sport Minister Nikolina Brnjac told the Nautical Patrol last Friday that of the 1.3 million bed nights ...
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