All articles by Tony Esposito – Page 91
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Sixty US trade groups form coalition to oppose tariffs
More than 60 US trade groups on Wednesday launched the ‘Americans for Free Trade’ coalition to take on the fight against the Trump administration’s trade tariffs – and the hard-hit recreational boating industry is among them.
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Heavy rains don’t dampen Tampa boat show
Two days of rain did not keep some 20,203 enthusiasts from attending the 2018 Progressive Insurance Tampa Boat Show – a 9% increase over last year, according to the show’s promoter. The three-day event was held at the Tampa Convention Center in Tampa, Florida from September 7-9.
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Yanmar, ABYC partner for marine technician program
Yanmar and the American Boat and Yacht Council (ABYC) are teaming up to conduct marine technician certification courses at Yanmar Academy, which is located at the new Yanmar Evo Center in Georgia.
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US powerboat registrations continue to rise
Preliminary numbers released by the National Marine Manufacturers Association (NMMA) show that new powerboat registrations in the US were up 3.5% for July on a rolling 12-month year-over-year basis.
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Long-awaited Miami Virginia Key marina project poised for approval
After a year of legislative wrangling, the Miami City Commission is scheduled to vote on two measures this week that will determine the fate of Rickenbacker Marina and Marine Stadium Marina on the city-owned barrier island of Virginia Key.
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MarineMax expands in northeast US with marina acquisition
MarineMax has acquired Bay Pointe Marina, a full-service marina located on the Town River in Quincy, Massachusetts, providing the company with an expanded footprint in the northeast United States.
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US marinas evacuated ahead of Hurricane Florence
As Hurricane Florence bears down on the US, marinas along the eastern seaboard are making preparations ahead of the storm, while across the country – and part of the Pacific Ocean – Hawaii is bracing for Tropical Storm Olivia.
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MasterCraft parent to purchase Crest Pontoons
Following reports of record earnings for fiscal 2018, MCBC Holdings, the parent company of MasterCraft and NauticStar, has signed a letter of agreement to acquire Crest Marine, a privately-held manufacturer of pontoon boats, for approximately US$80m.
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MasterCraft parent reports record sales
MCBC Holdings, parent of MasterCraft and NauticStar, has ended its fiscal year with record sales and net income for both the fourth quarter and the year, and will be launching a new boat brand in 2019 in an entirely new category for the company.
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Lexus concept boat becomes a reality
The “fourth flagship product” from luxury automaker Lexus isn’t a car, it’s a 65ft sport yacht that will be built by the Marquis-Larson Boat Group.
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US boating industry heeds call to arms
Since the onset of trade investigations, tariffs and counter tariffs by the US and its largest trading partners – collectively referred to as the ‘trade war’ – the recreational marine industry has taken a frontline position of unprecedented proportions.
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Q4 gains take Malibu stock to record high
Malibu Boats has reported fiscal fourth-quarter net income of US$12.4m on US$138.7m in sales, an 84.6% increase over the same period last year, which took its stock price to an all-time high of US$54 a share – an 8.5% increase – in pre-trading on Thursday.
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Lowe president takes part in trade roundtable
Lowe Boats president Ben Cast was among manufacturers to take part in a trade roundtable about the impact of tariffs on businesses in the state of Missouri.
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US, Canadian boating industry urges NAFTA resolution
The Trump administration’s plan to move forward with Mexico in revamping the North American Free Trade Agreement (NAFTA) with or without Canada is a “mixed blessing”, according to the National Marine Manufacturers Association (NMMA) in the US.
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‘Uber for boats’ draws closer look from law enforcement
While not new in Europe or the States, so-called ‘Uber for boats’ is drawing a closer look from law enforcement as it grows in popularity, with the US Coast Guard warning passengers and captains alike that unlike an automobile not just anyone can hire out a boat to take passengers ...
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Brunswick, Wells Fargo team to provide Canadian floorplanning
Brunswick Corporation has named Wells Fargo Commercial Distribution Finance (CDF) as the preferred floorplan financing provider for all Brunswick boats and Mercury Marine engines sold to Canadian boat dealers under the private label of Brunswick Commercial Finance (BCF).
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US yacht broker makes Inc 5000 list
Annapolis Yacht Sales (AYS) has earned a place on the 2018 Inc magazine 5000 fastest-growing private companies in America, docking at number 4,389 with a reported US$45.2m in revenue last year and 75% growth over a three-year period.
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Malibu hosts ‘Investor Day’
Malibu Boats will be hosting institutional and individual stockholders for an ‘Investor Day’ open house at various facilities in an around its headquarters community of Loudon, Tennessee.
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US powerboat registrations up in Q2
New powerboat registrations in the US were up 2.3% in June on a rolling 12-month year-over-year basis, according to preliminary data released by the National Marine Manufacturers Association (NMMA).
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2017 US recreational boating stats released
The final sections of the National Marine Manufacturers Association’s (NMMA) ‘2017 US Recreational Boating Statistical Abstract’ show a slight uptick in boat registrations for 2017 and healthy single-digit sales growth for the industry as a whole.
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