All articles by Tony Esposito – Page 73
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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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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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