All articles by Tony Esposito – Page 86
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News
US policymakers hear from boating industry to kick off National Fishing and Boating Week
The National Marine Manufacturers Association (NMMA) kicked off National Fishing and Boating week by holding two briefings for over 100 congressional staff in Washington, DC, Tuesday to discuss the importance of the US$650 million Sport Fish Restoration and Boating Trust Fund (Trust Fund) and the Harbor Maintenance Trust Fund (HMTF).
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NewsUS bans private boating to Cuba
The Trump Administration on Tuesday banned most US travel to Cuba under the so-called ‘group people-to-people educational travel,’ to pressure the Communist island over its support for Venezuelan President Nicolas Maduro.
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NewsRecreational boating industry reels at proposed Mexico tariffs
President Trump’s threat last week that he would impose additional tariffs on all goods from Mexico in order to force the government there to help curb illegal immigration into the United States has the recreational boating industry reeling and could jeopardize adoption of the US-Mexico-Canada Agreement (USMCA).
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NewsMercury Marine cuts ribbon on US$9m diecast expansion
In a move to expand capacity to meet current and future product demand, Mercury Marine has completed a US$9m, 23,500sq ft expansion to its diecasting operation at its Fond du Lac, Wisconsin headquarters.
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NewsMarquis looks to "fill hole" left by Sea Ray
The new Marquis Yachts debut scheduled for the Ft Lauderdale International Boat Show (FLIBS) will be an “elegant and exquisite day boat,” according to president and CEO Rob Parmentier, that will target the market segment abandoned by Sea Ray when it discontinued its yacht and sport yacht lines last year.
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NewsFlorida tops in boat thefts
The state of Florida is consistently number one in boat registrations, so it stands to reason it would be the top state for boat thefts as well – and for the third straight year, it is.
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NewsUS powerboat sales up in 2018
America’s NMMA continues the release of its 2018 US Recreational Boating Statistical Abstract which shows, among other positives, an 11-year high of outboard-powered new boat sales at 177,600 units.
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NewsVietnam and China: same yacht potential, different yacht approach
In many ways, Vietnam and China mirror each other in stunning and rapid wealth creation, making both prime markets for high-end yacht sales, but the way each country’s government embraces big boats is having opposite effects.
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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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News
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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News
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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News
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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News
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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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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