All articles by Tony Esposito – Page 78
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News
Patrick Industries acquires GG Schmitt & Sons
Patrick Industries in the US has completed its acquisition of marine OEM supplier GG Schmitt & Sons in a deal characterised as “aligned with our strategic initiatives and capital allocation strategy,” according to a news release from the Indiana-headquartered company.
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NewsMarine manufacturers look to “monetise” real estate
A growing trend in industrial real estate could be a path to debt relief or a source of quick capital for expansion plans, and is ideally suited to marine manufacturers who stand to benefit, according to commercial real estate brokers in the US.
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NewsSiren Marine, DealersCircle connect to expand reach of Connect Boat
Siren Marine and DealersCircle have signed and agreement that will make the New Port, Rhode Island provider of Connect Boat telematic technology available through DealersCircle business management platform.
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News
US powerboat registrations down in July
New powerboat registrations in the US dropped under half a percent through July on a rolling 12-month year-over-year basis and down 2.4% on a rolling three-month year-over-year basis, according to preliminary data from the National Marine Manufacturers Association (NMMA).
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NewsCorrect Craft CEO to chair recreation advisory panel
Bill Yeargin will serve on the US Interior Department’s Outdoor Recreation Advisory Committee
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NewsNorwalk Boat Show: smaller, buying crowds
The Norwalk Boat Show in Connecticut closed over the weekend with attendance down 11% from last year but many exhibitors reporting “quality buying crowds”, according to the show’s producer, the National Marine Manufacturers Association (NMMA).
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News
US jet charter firm moves into yachts
US flight charter service Apollo Jets is moving into the yacht market through its acquisition of Cambridge Yacht Group.
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News
Florida businessman accused of US$1.5m yacht Ponzi scheme
A Florida business owner was arrested Friday and faces multiple charges associated with operating his yacht brokerage firm as a Ponzi scheme and cheating four customers of US$1.5m.
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NewsCorrect Craft eyes future expansion
Correct Craft is eyeing future expansion possibilities with the purchase of 60 acres adjacent to its Orlando, Florida headquarters.
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NewsNTSB: Dive boat crew asleep when fire broke out
All six crew members of the ill-fated dive boat Conception, which caught fire 2 September killing 34 people off the California coast, were asleep when the blaze broke out in violation of regulations requiring a commercial vessel to have a crew member stand night watch.
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News
Snag-A-Slip buys SlipSure
The online boat slip rental category is beginning to consolidate with the acquisition of SlipSure, the largest app for instant and same-day slip bookings, by Annapolis, Maryland-based Snag-A-Slip, positioning the company as “the category leader across all types of boater reservations,” according to a news release from the firm.
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NewsNauticStar Boats receives NMMA Export Global Star
The National Marine Manufacturers Association’s (NMMA) latest Global Star for Exporting recipient is NauticStar Boats.
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NewsFire destroys Rhode Island boatbuilding facility
A fire at Wickford Shipyard in Rhode Island early Tuesday morning destroyed the building housing George W Zachorne Jr and Sons, a builder of wooden sailboats since the 1980s, as well as Coastal Ironworks.
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NewsBlue Sea Systems fully operational after fire
Eight months after fire took out its warehouse and some US$3m in inventory, Blue Sea Systems in the US has a new facility that is fully operational and all 75 employees of the company are back at work.
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NewsHonda updates large outboards
Targeting what it calls the “heart of the boating market”, Honda Marine has released new versions of its three largest outboard motors.
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NewsMarine industry rallies for Bahamian relief
Hurricane Dorian battered the east coast of the US and Canada over the weekend without nearly the force or destruction predicted earlier in the week. The devastation seems to have been largely in the Bahamas, where the islands of Abaco and Grand Bahama suffered the worst from sustained winds of ...
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NewsCayman Coast Guard Commandant joins regulatory push
The move toward commercial and recreational boating regulations for the Cayman Islands is gaining momentum with the nation’s Coast Guard Commandant joining the push and drafting regulations that would apply to commercial vessels operating in the islands with laws for private boaters to follow.
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NewsUS boating accidents, deaths down in 2018
The United States Coast Guard (USCG) has released safety statistics for 2018 that show a decline in both boating accidents and deaths from the previous year.
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News
Minnesota boat dealer pleads guilty to US$3.2m tax fraud
A Minnesota marine dealer has entered a guilty plea in Washington County District Court to defrauding the state out of approximately US$3.2m in sales tax, penalties and interest.
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NewsInvestigators begin probing cause of fatal dive boat fire
Investigators from the National Transportation Safety Board (NTSB) have begun their search for the cause of a deadly fire that swept through a fully-occupied charter dive boat off the coast of Southern California early Monday, killing 34 passengers and one crew member.
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