All articles by Tony Esposito – Page 72
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News
OneWater Marine announces fiscal Q1 earnings following IPO
OneWater Marine announced fiscal first quarter 2020 revenue up 49% on 17% same-store sales growth, the boat dealership chain’s first reporting after an initial public offering (IPO) of 5,307,693 shares of its Class A Common Stock at a price of US$12.00 per share.
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News
Boating community sinks Virginia boat tax
Efforts by the Prince William County, Virginia Board of Supervisors to reinstate a 20-year-old boat tax were dead in the water when more than 100 boat owners and business people voiced opposition at a public hearing Tuesday night.
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NewsCoronavirus leads to ailing global economy
If the coronavirus doesn’t make you physically ill, it could be affecting your financial health as more reports begin to surface on the economic impact of the outbreak. The Wall Street Journal reports on the array of companies outside of China that are having to slow production or rapidly seek ...
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NewsThree-year hurricane remediation ends for historic US marina
Three years after Hurricane Matthew slammed directly into historic Amelia Island in Northeast Florida, Westrec Marinas and the City of Fernandina Beach have announced the reopening of Fernandina Harbor Marina, which was devastated by the brutal storm.
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NewsMiami show a strong success despite attendance dip
Despite a near record-breaking opening day crowd, the more than 82,000 people who visited this year’s Miami International Boat Show (MIBS) represents a 10% decline in attendance for 2020 over last year.
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NewsFishing niche lets engine builders net new markets
Engine makers are repurposing purpose-built products for smaller market segments
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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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News
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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News
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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