All articles by Tony Esposito – Page 71
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NewsSeaStar/Dometic integration nearly complete, poised for international growth
The two-year-old acquisition of SeaStar Solutions by Swedish ’mobile living’ supply giant Dometic has nearly fully integrated the two companies, and its leadership introduced new products, branding and aggressive growth plans targeting US$1bn in marine sales at the recent Miami International Boat Show (MIBS). ‘SeaStar by Dometic’ will build on ...
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NewsStrong finish to 2019 leaves US registrations flat
A strong sales finish in Q4 saw US powerboat registrations up to close the year nearly even with 2018, according to data released by the National Marine Manufacturers Association (NMMA). Fourth-quarter 2019 sales were up 4% on a rolling three-month year-over-year basis and ended the year down 1% on a ...
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NewsThe future is here: Nautique charges forward with award-winning, all-electric tow sport boat
The Nautique GS22E The first all-electric boat capable of delivering a “normal watersports use experience” was introduced to the Miami International Boat Show (MIBS) last week by Nautique Boats, and not surprisingly, was named a National Marine Manufacturers Association (NMMA) Innovation Award winner for Electrical Propulsion. The ...
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NewsInvincible launches new cat, branding campaign as it enters international waters
With the Miami International Boat Show (MIBS) right in its backyard, Invincible Boats – maker of monohull and catamaran open fisherman-style offshore boats since 2006 – announced a new model and a new branding campaign as the company begins international operations as part of an aggressive growth campaign.
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NewsMarquis Yachts in for the long haul; sale imminent
CEO Rob Parmentier: A deal could come as early as this week or next
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NewsMIBS Industry Breakfast: US boating needs to recapture market share and get loud
The US recreational marine industry needs to get loud with elected officials and work hard at recapturing lost market share, according to National Marine Manufacturing Association (NMMA) president Frank Hugelmeyer, addressing his first Miami International Boat Show (MIBS) Industry Breakfast since taking his position late in 2019.
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NewsNauticStar unveils 191 Hybrid at MIBS
NauticStar Boats’ new 191 Hybrid features a new hull designed for rough water stability at a very affordable price – perfect for families in the US and Europe, except for those pesky tariffs.
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NewsMercury Marine’s technology, product mix unveiled in Miami
Attending his first Miami International Boat Show (MIBS) as Mercury Marine president is “a little bit intimidating,” admits Chris Drees, who took the helm at the company following two years of more than 150 engine model introductions, but he doesn’t feel any pressure.
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NewsNew York State considers ‘wealth tax’
Face with budget shortfalls and looking to fund an ambitious new program, Democratic lawmakers in New York state are gaining support for tax proposals aimed at its wealthiest residents, which include a rollback of sales tax exemptions on megayachts and private airplanes.
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NewsBoating world descends on Miami with something for everyone
From the smallest fishing lure to the largest fishing yacht, if it goes on in or around the water, boaters will find it at the Miami International Boat Show (MIBS) and the simultaneous Miami Yacht Show, which runs from February 13-17.
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NewsDid Bill Gates buy a US$645m liquid hydrogen-powered superyacht?
The 370ft Aqua is powered by liquid hydrogen only Bill Gates is widely reported to be melding his interest in alternative fuels and love of yachting, having commissioned a futuristic looking, 370ft superyacht powered by liquid hydrogen, meaning the vessel’s only emissions will be water. ...
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Harbour Group buys SHF
Harbour Group has expanded its manufacturing and distribution capabilities with the acquisition of SHF, a supplier of stainless adaptors, fluid power fittings, instrumentation fittings and valves to a variety of industries, including marine, manufacturing, chemical, and oil and gas.
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BoatyBall cruises into 2020 with over 10,000 reservations
BoatyBall, which provides web-based mooring-ball reservations throughout the British Virgin Islands, has kicked off 2020 by surpassing 10,000 reservations. The North Carolina-based company has signed over 9,000 subscribers in just 13 months and claims it is on track to add 600 new members a month throughout the year.
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NewsGetMyBoat docks in Uganda
The Republic of Uganda – searching for ways to better utilise its water resources – is turning to tourism, and GetMyBoat.com is jumping on board to not only draw visitors to the country’s lakes, but enable local Ugandans access to safe, quality boats for transport and entertainment.
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NewsBusiness students predict US$25.5bn yachting industry by 2027
Research from a group of Florida Business School students predicts a yachting industry worth US$25.5bn dollars by 2027, and that millennials may be a better consumer base than conventional wisdom would indicate due to the growing yacht charter market.
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NewsMisty Harbor to close Iowa plant
Pontoon boat manufacturer Misty Harbor is closing its manufacturing plant in Iowa to consolidate operations at its headquarters in Indiana “to optimise operational efficiency and reduce logistical costs, the company announced Monday afternoon. 45 employees will lose their jobs.
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NewsBahamas to host Yacht Charter Show
Citing the economic benefits of the yachting industry to the islands in general, and the role the yachting community played in hurricane recovery efforts, the Bahamas Ministry of Tourism has announced the first-ever Bahamas Charter Show, to be held 27 February to 1 March. The show will produced by Ft ...
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NewsHigher horsepower drives outboard engine sales to 13-year high
US consumer demand for newer, technologically advanced, higher horsepower engines has driven US outboard sales to a 13-year high, nearly reaching pre-recession sales levels, according to the National Marine Manufacturers Association (NMMA).
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NewsBrunswick details full year performance on analyst call
Despite a slight decline in 2019 sales, the industry’s largest company reports strong earnings with solid margin growth, delivering shareholders a tenth consecutive year of EPS gains. CEO David Foulkes tells analysts this afternoon why the company is ’built to win’
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