All articles by Tony Esposito – Page 83
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NewsMarquis readying for new model, Lexus premiere
With the September introduction of the Lexus Yacht on the horizon, followed by the launch of its own new line of day cruisers at the Ft Lauderdale International Boat Show (FLIBS), Marquis Yachts has been a busy place, and the Pulaski, Wisconsin-based builder doesn’t see things slowing any time soon.
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BRP posts 17% year-over-year quarterly growth
BRP is out with some strong financial numbers for its first quarter of 2019, showing 17% growth year-over-year from the period ended 30 April 2018.
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Florida yacht service apprenticeship program becomes reality
Young people looking for a future in the yachting industry have a new path to such a career with Florida’s first registered Yacht Service Technician Apprenticeship, which will provide attendees a basic set of shipyard skills upon completion of the two-year program.
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Mercury Marine distribution centre achieves ‘Zero Waste to Landfill’ designation
Mercury Marine’s parts & accessories distribution centre at its Fond du Lac, Wisconsin, headquarters is now a ‘Zero Waste to Landfill’ facility as part of the company’s ongoing campaign to advance its sustainability mission.
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Nor-Tech doubles manufacturing space
A recent 50,000sq ft expansion in manufacturing space has US boatbuilder Nor-Tech looking for a 30% increase in production, and it hopes, corresponding sales. The move is designed to make production more efficient.
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NewsCorrect Craft acquires Merritt Precision
Milling company Merritt Precision is the latest acquisition by Correct Craft, which says in a company statement that the Florida-based maker of plugs for the marine, automotive and aerospace industries will be integrated into Correct Craft’s Watershed Innovation subsidiary and function as a standalone business.
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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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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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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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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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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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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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