All articles by Tony Esposito – Page 95
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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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ITC aluminium sheet questionnaires due Friday
Friday 31 August is the deadline for US boatbuilders to file answers to the International Trade Commission’s (ITC) questionnaires for the final phase of its antidumping and countervailing duty investigation of common alloy aluminium sheet from China.
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Clarion, JL Audio enter licensing agreement for marine markets
JL Audio is to assume responsibility for the sales, support, marketing and future product development of Clarion-branded marine audio products in the US and Canada under an exclusive, long-term agreement announced jointly by both companies.
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BRP Q2 growth fuelled by strong North American powersport sales
Robust North American powersports sales that outpaced the industry fuelled BRP’s second-quarter growth, with revenue up 18% over the same period last year.
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Riviera to premiere four new models at FLIBS
Australian motoryacht builder Riviera is to introduce four new models at the Ft Lauderdale International Boat Show (FLIBS) this year as part of a US$10m seven-vessel fleet being shipped to the States. Three of the yachts will be delivered to customers.
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Hurricane Irma costs fishing industry US$200m
When Hurricane Irma slammed into the Florida Keys as a Category 4 storm last September, it left in its wake as much as US$83bn in damages, including nearly US$200m in losses to the recreational and commercial fishing industries and related businesses, according to a damage assessment issued by state and ...
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Mercury Marine holds ‘boating awareness’ event
“Boating is accessible, easy to do and fun,” said Michelle Dauchy, sitting on Chelsea Pier in New York City before an armada of a half-dozen boats equipped with the latest integrated digital technology. Mercury Marine’s chief marketing officer was one of a handful of company executives hosting an event Dauchy ...
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New Jersey launches US$100m waterfront development
The borough of Carteret, New Jersey, has begun construction on a US$100 million waterfront development fully funded by public grants and settlement money from various chemical company clean-up lawsuits.
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US pontoon builder expands
Veranda Luxury Pontoons in the US is expanding its production into a 377,000sq ft manufacturing facility with plans to hire 100 workers over the next two years to meet growing demand and allow for expansion at its sister company, Xpress Boats.
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Fewer US restrictions on ‘superyachts’
For the first time since 1920, yachts of more than 300 gross tonnes can be registered in the US as recreational vessels. The move follows President Donald Trumps signing of bipartisan legislation that no longer requires vessels of this size to register as commercial.
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Lund, Crestliner target women for manufacturing jobs
US builder forms Women in Manufacturing Group
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