All articles by Tony Esposito – Page 83
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NewsHatteras/Cabo inks deal with SkipperBud’s
Hatteras/Cabo Yachts has formed a partnership with SkipperBud’s in which the iconic family-owned string of 18 Midwest dealerships will have exclusive rights to the luxury brands in the Great Lakes region of the US.
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NewsEnterprise Florida creating jobs through export growth
With only 4% of US companies exporting goods, state organisations like Enterprise Florida play an important role in helping businesses move into foreign markets with the goal of stimulating job growth through export growth. So, it’s no surprise that nine of the 13 US exhibitors at the Sydney International Boat ...
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Yacht broker sues developer for US$725,000 commission
A pair of lawsuits that span the Eastern seaboard of the United States are pitting a New York real estate developer against his long-time yacht broker who claims he was cheated out of a US$725,000 sales commission.
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NewsSydney International Boat Show dubbed a “resounding success”
With total attendance at just over 60,000 people, the Sydney International Boat Show (SIBS) was dubbed a “resounding success” by its organisers, the Boating Industry Association (BIA).
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NewsNMMA hosts ‘Cheers & Beers’ reception at Sydney show
When trying to establish contacts and a foothold in a new, overseas market it’s not enough to just show up; it requires legwork and marketing, and in some cases, a little libation.
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NewsBIA president calls boating “the drug of choice”
Australia’s Boating Industry Association (BIA) president Darren Vaux opened the 52nd edition of the Sydney International Boat Show (SIBS) last week by telling his members and exhibitors from around the world that the industry should adopt a universal promotional message: “Boating: The Drug of Choice.”
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NewsUS manufacturers hope to win over ‘Down Under’
The 52nd edition of the Sydney International Boat Show (SIBS) opened on Thursday with the first-ever USA Pavilion – a block of 15 equipment, component and boat manufacturers exhibiting in a single location as part of the National Marine Manufactures’ Association (NMMA) Export Development Program.
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NewsJoint Cypriot-Israeli venture proposes €1bn marina project for Larnaca
A Cypriot-Israeli joint venture company has submitted a proposal for more than €1bn for the development of the existing marina and port at Larnaca, which it would be the largest investment in Cyprus to date.
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NewsBRP’s Telwater acquisition completes the perfect strategic, philosophical marriage
BRP’s purchase of the iconic Australian boat and trailer builder, Telwater, completes what both sides of the transaction look at as “the perfect marriage”.
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NewsGroupe Beneteau offers two new models at Sydney show
Groupe Beneteau chose the Sydney International Boat Show (SIBS) to release two new models of what it calls “crossover” boats designed in large degree to meet the needs of the Asia/Pacific market.
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NewsSIBS preview: Sydney show not just about selling boats
Some 60,000 people are expected to visit the Sydney International Boat Show (SIBS) from August 1-5, but with only about 14,000 new boats registered each year in Australia, not a lot of those people are buying boats. But that’s OK, according to Domenic Genua, general manager for marketing and events ...
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NewsUS Coast Guard funding bill includes key boating industry priorities
Last week’s passage of the Coast Guard Authorization Act by the US House of Representatives includes some key provisions sought and support by the marine industry through the National Marine Manufacturers Association (NMMA).
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NewsYar-Craft updates flagship model
Yar-Craft Boats’ dealers got their first look at the updated 2020 model year 219 TFX during the company’s annual “Excellence in Action” dealer meeting last week, learning why the Yar-Craft flagship model is being called an “unparalleled wave crusher” in marketing materials.
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NewsUSA Pavilion to debut at Sydney show
The debut of the USA Pavilion at the Sydney International Boat Show (SIBS) is a sellout, with 13 exhibitors, companies and industry stakeholders, according to the National Marine Manufacturers Association (NMMA), which organised the trade mission.
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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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