All articles by Tony Esposito – Page 79
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NewsAustralian mother charged with buying “getaway yacht” for son to evade cocaine charges
Four years after millionaire Markis Turner jumped bail to escape charges of importing 71kg of cocaine into Australia and two years after his arrest on those charges, the man’s mother has been charged with the purchase and provisioning of a getaway yacht that allowed her son to flee authorities, leading ...
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NewsBrunswick consolidates brands to form Venture Group
The Brunswick Boat Group announced today that it is combining the Bayliner, Heyday, Quicksilver and Uttern boat brands to form the Venture Group, which will be led by Bayliner president Keith Yunger.
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Merritt Precision expands operations
Merritt Precisions has acquired five acres of land in Titusville, Florida, and will break ground later this summer on an expansion project that will double capacity of the specialty milling company.
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NewsEU targets illegal tax breaks for yachts in Cyprus and Italy
The European Union Commission (EUC), in its ongoing mission to rid the EU of “unfair tax avoidance practices,” is taking steps to end illegal tax breaks in the yacht industries of Italy and Cyprus.
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NewsBrunswick looks to trim US$35m, additional layoffs coming
More layoffs are instore at Brunswick Corp subsidiaries as the company announces plans to produce up to US$35m in “cost reductions”, suggesting details will be delivered during a quarterly earning conference call with stock market analysts on Thursday.
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NewsBoat stocks sink amid Wall Street fears
Boating-related stocks took a beating Monday as analysts cut earnings and target estimates on the news of declining US boat sales, showing signs that the marine industry’s eight years of sustained growth could be nearing an end.
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NewsMalibu licenses surf technology to Sanger Boats
Towboat-builder Malibu Boats has announced a licensing agreement in which Sanger Boats will be utilising the Tennessee boatbuilder’s wakesurf technology.
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NewsMasterCraft redesigns entry-level product line
MasterCraft Boats is revamping its entry-level NXT product line for the 2020 model year to “deliver a more athletic and refined look with an all-new interior, exterior, and even more performance,” according to a company news release.
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NewsMan arrested for illegal Chicago charter operation
An affidavit filed in US District Court in Chicago has led to the arrest of a Michigan man on federal criminal charges of operating an illegal charter operation on Chicago waterways.
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NewsUS powerboat registrations continue to climb through May
New powerboat registrations in the US were up 3.3% through May on a rolling 12-month year-over-year basis but up just 1% on a rolling 3-month year-over-year scale, according to the latest data from the National Marine Manufacturers Association (NMMA).
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NewsFire destroys Key West Boats facility, production uninterrupted
It took two local fire departments an hour to bring under control a fire that destroyed the Tooling Shop and damaged an administrative building at Key West Boats in Dorchester County, South Carolina over the weekend.
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NewsAnnapolis Inflatables sold
Two long-time Annapolis, Maryland marine businesses will be combining forces now that Fawcett Boat Supplies has completed its acquisition of Annapolis Inflatables (AI).
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NewsDelays to hurricane repairs hurting Florida economy three years later
Jacksonville, Florida’s Fernandia Harbor Marina sits nearly empty and awaiting completion of some US$10m in repairs needed following Hurricane Matthew’s 2016 destruction, and the local economy has been feeling the effects.
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NewsUS pontoon, watersport, fishing and trailer boat sales up
NMMA releases latest Statistical Abstract for 2018
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NewsEagleTree Capital acquires Invincible Boat Company
New York-based private equity firm EagleTree Capital has acquired a majority stake in Invincible Boat Compan
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NewsYacht tourism sees a slow comeback in St Maarten following Hurricane Irma
Two years after the Category 5 storm devastated the Caribbean, St Maarten has enjoyed what one veteran industry observer describes as “a moderately successful high season”
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NewsChina opens Hainan Province to foreign yachts
Beginning next week, eight coastal waters off South China’s Hainan Province will be open for temporary entry and exit by foreign yachts through January of 2020.
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NewsColorado boating under threat by invasive species
The state of Colorado has seen a dramatic rise in the number of invasive mussel-infested boats, which some officials say could lead to a shutdown of boating activities in the state’s 38 drinking water reservoirs.
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News1,300 US dealers receive Customer Satisfaction Index award
More than 1,300 US boat dealers have been recognised by the National Marine Manufacturers Association (NMMA) with its 2018 Customer Satisfaction Index (CSI) Award and just over 900 were recognised for excellence in customer service.
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Marina fire destroys dozens of vessels in Brazil
Dozens of boats were destroyed during a fire this past weekend at the Marina do Forte in Bertioga, on the coast of Sao Paulo, Brazil.
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