All articles by Tony Esposito – Page 95
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NewsUS exhibitors report strong METSTRADE
Exhibitors in the USA Pavilion are nearly unanimous in their assessment that METSTRADE 2018 was a “great show”, down in large part to the number of new and qualified attendees drawn to the event by show organisers RAI. Show attendance is reportedly up 5% this year.
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US announces final aluminium sheet duties
The US International Trade Commission (ITC) will issue a final decision regarding duties on imported aluminium sheet from China by 20 December following the Department of Commerce issuing its final antidumping and countervailing duties ranging from 96% to 176%.
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US dealership same-store sales decline in October
Same-store marine dealer sales decreased by just over 5% in October, according to the latest report form CDK Global Recreation. The decrease follows a September gain of a mere 0.2%.
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Meeco Sullivan, Suntex complete Vero Beach expansion
Suntex Marinas and Meeco Sullivan have completed expansion of the former’s Vero Beach Marina; the second Florida project and fourth overall the two companies have completed in 2018.
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Tennessee introduces itself to the marine world
Tennessee is no stranger to the world of recreational marine; it’s a US$3b industry that employs over 15,000 residents of the state; but the marine world may not be aware of Tennessee, so a delegation from the state’s Small Business Development Center is exhibiting at this year’s METSTRADE for the ...
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Panama City to end marina rental, create fund to rebuild following hurricane
Panama City, Florida leaders are getting creative in how to rebuild the two city-owner marinas following Hurricane Michael, which devastated the city in October.
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Marine Retailers Association of America and Grow Boating expand education efforts
Marine dealerships could turn more first-time boat shoppers into boat buyers, and to that end, the Marine Retailers Association of America (MRAA) and Grow Boating are expanding their education partnership by developing additional training to be offered online and at the Marine Dealer Conference & Expo in December.
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Ambassador Hoekstra talks tariffs, opens USA Pavilion at METSTRADE
The US Ambassador to The Netherlands, Peter Hoekstra, kicked off the 2018 METSTRADE Show with a ribbon-cutting ceremony at the USA Pavilion and a meeting with exhibitors, State delegations and officials of the National Marine Manufacturers Association (NMMA).
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Lippert Components appoints general manager
Jose ‘Junior’ Cruz Medina has been promoted to general manager of Lippert Components Inc (LCI), the global manufacturer and distributor of transportation-related components.
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USA Pavilion serves as “incubator” at METSTRADE
Seven new US manufacturers will be represented at the USA Pavilion during METSTRADE this week trying to break into the EU market place in what one industry leader said is “hands-down, the best show to help them do that.”
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Ft Lauderdale poised to approve US$25m marina project
The Ft Lauderdale, Florida, city commission last week approved zoning amendments that clear the way for a vote of final approval for a US$25m mixed-use marina project, which is scheduled for 20 November.
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NewsMasterCraft reports strong Q1 sales
MasterCraft Boat Holdings reported first-quarter net sales were up 44% to US$93.6m from the prior year. Gross profits increased nearly 28% and net income was up just over 20%.
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NewsUSA Pavilion set to take METSTRADE by force
The 31st annual METSTRADE Show opens next week in Amsterdam amid a booming US recreational boating market and global trade wars, but it will be “business as usual” among exhibitors at the National Marine Manufacturer’s Association (NMMA) USA Pavilion.
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NewsMasterCraft parent company changes name
MCBC Holdings Inc – the parent company of MasterCraft, NauticStar and Crest Marine – has changed its corporate name to MasterCraft Boat Holdings Inc, effective immediately.
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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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