All articles by Tony Esposito – Page 91
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News
Yacht owner, captain guilty in illegal charter leading to passenger’s death
A yacht owner and the unlicensed captain he hired for his illegal charter operation have both pleaded guilty to charges resulting from the death of a passenger last April.
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NewsJapan’s boating industry vies for younger participants
Like its counterparts in the US and Europe, Japan’s recreational boating industry is trying to attract young people and women into the sport by focusing on services and events that focus on experiences rather than goods, like boat sharing.
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NewsWest Marine CEO steps down
After just 10 months on the job as CEO, Doug Robinson has left West Marine. The North American boating supply retailer issued a brief statement Tuesday.
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Ft Lauderdale marina to develop fully automated dry stack
F3 Marina is set to break ground in January on a 240 berth fully-automated dry stack marina on the Seminole River Canal in Ft Lauderdale, Florida, making it the second automated dry stack of its type in the US.
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MarineMax expands financing capacity
MarineMax has expanded its financing facility to provide for borrowing of up to US$400m from the previous limit of US$350m. The three-year term expires October 2021 and has two one-year renewal options.
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NewsSuzuki Marine Q2 sales up 11%
Suzuki’s consolidated net sales for the fiscal 2018 second-quarter increased by 5.4%, or ¥98.3bn, to ¥1,929.4bn year-on-year, and operating income grew by nearly 15% to ¥198.5bn.
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NewsBahamian Marinas initiative to increase boat traffic to the islands
The Association of Bahamas Marinas (ABM) has launched an initiative to drive more boat traffic to the island nation as well increase boating participation by its citizens. The Voyager program, unveiled at the Fort Lauderdale International Boat Show (FLIBS), offers participants discounts, cruising guides and invitations to special events.
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NewsPort 32 yacht service facility at Fort Lauderdale to open by year-end
Redevelopment is well underway for the new Port 32 Fort Lauderdale Marina, slated to open by year-end as a yacht service destination
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NewsNMMA develops three-year growth strategy
Key metrics will be shared throughout the coming year.
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News
Nautical Ventures to offer Beneteau outboard boats
Nautical Ventures Group will begin marketing Beneteau’s new line of outboard boats from its two Florida locations beginning in mid-November.
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News
Pennsylvania institutes mandatory winter PFD usage for small boats
The state of Pennsylvania is preparing to put into effect a recently passed law requiring mandating use of Personal Floatation Devices (PFDs) on small boats during the winter months.
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NewsUnprecedented security greets boat show attendees
Visitors to the 2018 Fort Lauderdale International Boat Show (FLIBS) are witnessing heightened security of unprecedented levels that includes military, local and federal law enforcement teams.
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NewsOutboards dominate performance boats at FLIBS
Visitors walking the performance boating dock at the Fort Lauderdale International Boat Show (FLIBS) are seeing something different this year: no sterndrives. The so-called ‘go-fast’ boat crowd has adopted outboard engines with a passion.
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News
Garmin marine sales lead Q3 growth
Garmin reported third-quarter revenue increased 8% from the prior year at US$810m, with the marine segment leading the growth with a 28% increase in revenue over the same quarter last year.
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Florida marina fire causes US$1m in damages
The State Fire Marshal of Florida and US Coast Guard are investigating a blaze that destroyed two boats and heavily damaged two others at Venice Yacht Club, causing at least US$1m in damages.
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News
Victory Marine to build own trailer line
Victory Marine Holdings (VMH) is launching its own trailer line to be built in Miami, Florida. Excalibur Trailers USA, Corp., a wholly owned subsidiary of VMH is on schedule to begin manufacturing by year’s end in a 7,000sq ft leased facility.
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MarineMax posts strong Q4, fiscal 2018
MarineMax reported a 23% increase in fourth-quarter revenues to US$309m over the same period last year, and fiscal 2018 revenue up 12% to nearly US$1.2bn.
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News
AERÉ Marine Group expands into US Northeast
Docking accessories company AERÉ Marine Group is expanding its operations into the Northeast region of the United States and has named Kevin Murray as regional manager.
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NewsTwin Disc reports healthy fiscal Q1 sales, profits
Twin Disc, the Wisconsin-based manufacturer of marine and heavy-duty off-highway power transmission equipment, reported fiscal 2019 Q1 net sales increased 65.7% over the same period last year on sales of US$74.6m.
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