All articles by Tony Esposito – Page 82
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News
2018 US boat sales highest in a decade
As the unofficial start of the US boating season gets underway this holiday weekend, the National Marine Manufacturers Association (NMMA) reports that new powerboat sales for 2018 increased 4% over the previous year to 276,000 units, the highest level in 11 years.
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NewsTariffs take toll on US firms
How two very different boating companies are impacted in different ways by the Trump administration’s tariff on Chinese goods
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News
Bahamas targets US$50m in yacht charter fees
The Bahamian government is focused on improving revenue and is targeting what one official calls the “low hanging fruit” of existing, uncollected revenue sources such as the island nation’s 4% yacht charter fee.
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NewsBrunswick’s Freedom Boat Club purchase to ‘shape the future of boating’
Brunswick Corp’s acquisition late last week of Freedom Boat Club (FBC) was “rooted in foresight and where we believe the consumer is going.”
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NewsFirst time’s a charm for ABC attendees
The record number of attendees at last week’s American Boating Congress (ABC) included an historic high of 86 first-time attendees to the event, ranging from industry veterans, advocacy groups like Captains for Clean Water, and even people from outside the boating business.
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NewsTrump officials indicate what’s good for boating is good for the nation
Two members of President Donald Trump’s Cabinet told the boating industry Wednesday that the administration is aware of the importance boating is to the US economy and vow to continue to work with industry on everything from deregulation and expanding trade to boating access and programs to get kids outdoors ...
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News
Safe Harbor acquires 80th US property
Safe Harbor Marinas in the US has purchased New England Boatworks (NEB) in Portsmouth, Rhode Island, bringing to 80 the number of properties the Dallas, Texas-based company owns in 18 states and making it, the company claims, the “largest and most geographically-diversified owner and operator of marinas in North America.”
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NewsAggressive advocacy strategy paying off for US boating industry
When Thom Dammrich started as President of the National Marine Manufacturers’ Association (NMMA) 20 years ago, industry advocacy was a necessary evil, almost an afterthought. But two years ago, a decision to switch from defense to offense, and the subsequent action to do so, has paid off is some very ...
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NewsTrade talks dominate American Boating Congress
As a record more than 350 recreational marine industry professionals opened the 2019 American Boating Congress (ABC) in Washington, DC, yesterday, the trade war between the US and China escalated, the stock market tumbled and confusion about who pays tariffs on imported goods reigned.
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News
Oregon bill creating access permits for non-motorised vessels moves closer to passage
The Oregon Joint Committee on Natural Resources has passed Senate Bill 47, which would create a new access permit for non-motorised vessels that incorporates the State’s aquatic invasive species permit and broadens its use by creating a waterway access fund.
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NewsAmerican Boating Congress opens today
More than 300 members of the marine industry – from manufacturers to marina operators to standards-setting organisations – descend on Washington, DC today for the American Boating Congress (ABC); three-days of educating Congress about government issues and policies and their impact on the marine industry.
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NewsFoulkes: Brunswick ‘pure play’ strategy in place
Five months into his tenure as CEO of Brunswick Corp, David Foulkes calls it a “privilege to have a job like this.” Admitting that he took over at a time when the marine segments of the business “are literally and figuratively firing on all cylinders,” Foulkes told IBI that the ...
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News
New York City gets first marina in 50 years
The first new marina in 50 years has opened in New York city’s Brooklyn Bridge Park at the mouth of the East River. The US$28 million project is being developed and managed by Singapore-based SUTL. ONE°15 Brooklyn Marina will have space for 100 boats from 30ft-200ft and include the ...
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News
KAM Marine acquires Northport Bay Boat Yard
KAM Marine is broadening its reach in the upper mid-West US with the purchase of Northport Bay Boat Yard on Lake Michigan’s Grand Traverse Bay.
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NewsAppointments at Power Products, Land ‘N’ Sea
Power Products and Land ‘N’ Sea are important businesses in the Brunswick portfolio
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NewsDrees: perfectly positioned for Mercury presidency
One month into his role as president of Mercury Marine, Chris Drees reports the transition is going smooth thanks to the team and his tenure with the company.
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NewsBrunswick to sell Life Fitness division
In a move to solidify its position as a pure marine company, Brunswick Corp announced it has entered an agreement with the private investment firm KPS Capital Partner LP for the sale of its Fitness division for US$490m.
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NewsCanada’s tariff concession just part of the plan
The Canadian government’s lifting of retaliatory tariffs on boats manufactured in the US was welcomed and appreciated by both countries’ boating industries, but it was no accident according to one official involved in the process.
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NewsMercury Marine breaks ground on US$17m propeller expansion
Mercury Marine has broken ground on a 30,000sq ft, US$17m addition to its propeller casting facility in Fond du Lac, Wisconsin that will nearly double the current capacity for stainless steel propeller production.
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News
Greece begins proposal process for sale of marinas on Mykonos and Rhodes
Two concession opportunities are expected to draw wide interest
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