All articles by Tony Esposito – Page 68
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NewsInvincible Boats lives up to its name
Despite losing about six weeks of production to the COVID-19 pandemic, Invincible Boats is on track to reach its calendar year 2020 production goals, though its fiscal fourth quarter – which ends in July – will likely offset gains made in the first half of the fiscal year. Exempt from ...
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NewsNew Zealand faces America’s Cup dilemma
The New Zealand government is faced with losing the prestige and financial incentives of hosting the America’s Cup or giving up the huge advantage gained from its yeoman effort to contain the coronavirus early. And amid teams clamouring for information, the Kiwis are playing their cards close to the vest. ...
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NewsSeaVee Boats resumes full operations
SeaVee Boats’ consolidation of three small manufacturing facilities into a 220,000sq ft production centre last December achieved the goals of improving manufacturing flow, but no one could suspect the new facility would help the Medley, Florida-based custom builder manoeuvre its way through a global pandemic.
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NewsUS continues to open more boating ahead of “unofficial season” onset
From Maine to California, more state and local governments are easing restrictions on boating amid National Safe Boating Week observations and ahead on the unofficial start to the boating season, the Memorial Day holiday weekend. And many operators are optimistic.
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NewsBurger Boat Company in hiring mode
Burger Boat Company, the 157-year-old builder of custom yachts and commercial vessels, is in hiring mode.
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NewsRenaissance Marine reopens amid changes
Renaissance Marine, maker of Duckworth, Weldcraft and Northwest aluminium boats, reopened late last week ahead of Washington state’s Phase 2 reopening plans, but amid myriad changes that many manufacturers may be facing. The Clarkston, Washington-based builder resumed operations under a provision allowing non-essential businesses “to preserve the value of their ...
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NewsAs US Northeast reopens, marine businesses hope to salvage the season
As states throughout the US begin reopening their economies in phases, in the Northeast, boat dealers, rental operators and charter companies are facing an uncertain season; already shortened due to stay-at-home orders and not being included in Phase 1 openings. In New York state, where charter fishing operations remain closed, ...
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NewsAmerican Boating Congress: US economy should see year-end rebound
Low oil prices, small business and manufacturing to lead recovery
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NewsAmerican Boating Congress opens in DC and 800 other locations
NMMA president Frank Hugelmeyer said Americans will seek outdoor adventures close to home for the foreseeable future More than 800 members of the US boating industry descended on Washington, DC for the annual American Boating Congress (ABC) Wednesday, but did so via laptop, tablet and mobile phone ...
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News35th Palm Beach show to take place this week in virtual form
The 35th Palm Beach International Boat Show and the National Marine Manufacturers Association’s (NMMA) American Boating Congress (ABC) take place this week and both are being held online for the first time ever as the US recreational marine industry initiates ways to move forward amid the COVID-19 pandemic.
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NewsRevenues up 27% at US mega-dealer OneWater
Mega boat retailer OneWater Marine has reported a strong start to the second quarter, driven by used-boat sales and finance & insurance which offset the volatility created by the COVID-19 pandemic. The company reports new-boat sales ticked up just under 1% – from US$126.9m to US$127.9m, while pre-owned sales jumped ...
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NewsUSVI welcomes tourists 1 June
The US Virgin Islands (USVI) is targeting 1 June as a return to tourism under a five-tiered system aimed at transitioning back to business at a safe pace, with new rules in place.
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NewsCapacity closes Miami marinas within hours of reopening
Boaters queue up for hours in Miami to get back on the water Boaters in South Florida crushed public marinas as on-water activity resumed this weekend, albeit with many more rules and restrictions. Vessels were lined up as much as two hours before opening at several marinas ...
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NewsTwin Disc Q3 results shored up by ‘stable marine demand’
The US-based manufacturer of marine power transmission equipment reported an 11% drop in sales for its third quarter ending 27 March, to $69 million
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NewsSt Thomas approves transfer, expansion for two marinas
The St Thomas, US Virgin Islands Coastal Zone Management Committee (CZM), meeting by video conference, has approved a pair of marina plans aimed at helping the facilities recover from the twin impact of the COVID-19 pandemic and being ravaged by two hurricanes within two weeks in 2017.
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NewsBrunswick Q1 ‘resilient’ despite COVID-19 impact
Brunswick Corporation released first quarter 2020 financial results and reported a strong pre-coronavirus performance, with “resilient operating margins despite COVID-19 impact”
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NewsMarquis Yachts notifies state of June layoffs
US boatbuilder to temporarily lay off more than 100 workers due to slowdown in business
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NewsUS boaters rally for a return to on-water activity
From coast-to-coast and border-to-border, boaters in various parts of the US held on-water parade rallies to call attention to the plight of commercial operators, while encouraging lifting restrictions on boating, fishing and other activities banned or greatly curtailed by social distancing practices aimed at curbing the spread of the COVID-19 ...
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NewsVanquish Boats sold
Century Boats acquires Rhode Island day-boat manufacturer for undisclosed sum
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NewsCalifornia yacht brokers merge
West Coast Yachts and Dream Catcher Yacht Sales have merged and will do business going forward under the West Coast banner.
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