All articles by Tony Esposito – Page 69
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NewsMarineMax Q2 results up; “partially impacted” by coronavirus
The largest national retailer of boats and yachts in the US is reporting slightly improved fiscal second quarter results while bracing for the full impact of the coronavirus pandemic. Nonetheles, MarineMax said it has seen strong online interest and even an uptick in sales for April.
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NewsBurgess CEO: “Our industry has changed forever, but our industry is here to stay”
Jonathan Beckett first joined Burgess Yachts at the age of 23 While companies large and small the world over are working to keep their businesses afloat and planning a return to operations, global organisations like Burgess Yachts face the additional challenges of planning for scale, a varied ...
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NewsGEM Products awaiting expansion approval
Despite an unknown “virus hangover”, GEM Products is moving forward with expansion plans, currently awaiting local government approval.
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NewsUS marina claims $3m in damages from shipping line
The Port of Kalama in the US state of Washington has tripled its damage estimate to US$3m, and has filed suit against SM Line Corp (SM), owner of the container ship alleged to have damaged facilities and privately owned boats when it passed the marina at excessive speed early in ...
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NewsRV analyst sees no economic improvement before 2021
The recreational vehicle (RV) market in the US should bottom out during the current second quarter, but the industry faces a “long and bumpy road” to an economic recovery that won’t be seen before 2021 at the soonest, according to the industry’s leading analyst. The RV and recreational boating industry ...
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NewsThree boat brands fall victim to coronavirus as Polaris ends Indiana boat production
Polaris has discontinued production of three of its boat brands and will be shuttering the Syracuse, Indiana plant where they are made.
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NewsPier One, Seahorse merge
Seahorse Marine has become the seventh Florida brokerage firm in as many years to merge under the Pier One Yacht Sales banner
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NewsTwin Disc reducing salaries, staff to combat COVID-19
Twin Disc, the maker of marine and off-highway power transmission equipment, has announced a series of…
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NewsGreenwood named to head Suzuki Tech Center
Industry veteran David Greenwood has worked at Suzuki for 34 years
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NewsMaverick Boat Group adapts to remain operational
Maverick Boat Group (MBG) continues to build its four brands at two locations in Fort Pierce, Florida, despite the challenges of producing product under the rules of engagement with the COVID-19 virus, and company CEO Scott Deal went to Facebook on Friday to make it clear.
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NewsMarine lenders working with boaters/dealers, independently
A call for US marine lenders to temporarily postpone boat loan payments is being answered, but not collectively or formally, according to bankers involved in both consumer and commercial boat loans. National Marine Lenders Association president John Haymond – a Sr VP of Business Development with Medallion Bank – told ...
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NewsMarine manufacturers seek out production opportunities
US marine manufacturers large and small continue to look for opportunities to aid in the fight against the COVID-19 pandemic while keeping people safe and working.
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NewsUS Paycheck Protection Program begins 3 April
Boat dealers and small builders in the US can begin applying for economic relief this weekend under a new government program put into place to stem the financial effects of the COVID-19 pandemic.
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News2019 US sailboat sales drop
The NMMA releases its first 2019 Statistical Abstract for the sailboat sector
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NewsWhat the US$2 trillion relief package means to the boating industry
With over half the US under ‘stay at home’ orders from state or local governments, President Trump has signed a US$2 trillion economic relief package aimed at workers and businesses of all sizes, while separate action has seen additional action on tariffs. The package allows businesses to delay payment of ...
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NewsSuzuki to build US Marine Tech Center
Suzuki Motor of America is finalising plans for the Suzuki Marine Technical Center USA to be built on 20 acres of waterfront in Panama City, Florida. While an official groundbreaking date has not been set, site preparation is underway and exiting buildings on the property are in final renovation. Suzuki ...
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NewsBoating industry answers the call
Boat and yacht manufacturers are donating PPE for frontline medical workers to help curb the spread of Covid-19
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NewsRegal Boats consolidates manufacturing operations
The projected economic impact of the Covid-19 pandemic has led leadership of Regal Boats to close its Valdosta, Georgia manufacturing facility and consolidate operations at its Orlando, Florida headquarters.
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NewsUS healthcare workers appeal to boating industry for help
The US healthcare community has made a direct appeal to marine manufacturers to help them in a desperate need for personal protective equipment (PPE), according to a letter from the National Marine Manufacturers Association (NMMA) to its members.
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NewsMRAA offers free online learning for dealers
US boat dealers idled by the COVID-19 pandemic can fill some of their free time with some free online education.
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