Boat loans are changing with the times

It’s not a return to the days of easy money, but financing is readily available and approvals are up Trends in the marine credit market might not be stellar, but they are encouraging. Credit is available for boat loans, interest rates are at historic lows, loan criteria are easing a little and a few more…more


Marina challenge: Do more with less

Operators told revenues will remain tight while customer expectations ‘have never been higher’ Post-recession, the new normal is a challenge, albeit a manageable one, for marina and boatyard operators, Bruce Lunde and Dan Williams said in an International Marina & Boatyard Conference seminar on competing in today’s marketplace. The Feb. 1-3 conference, held against the…more


Yachts that run on natural gas?

Trinity’s LNG technology, developed for work vessels, could take boating to a new level of green John Dane III has a foot in two camps, one in building superyachts, the other in building workboats, which has enabled him to offer his luxury yacht clients liquefied natural gas power developed for the workboat side of his…more


Hybrid hopes ride on long-distance boats

ReGen Nautic USA sees passagemakers and other cruising vessels as candidates for its electric power systems Pierre Caouette, president and CEO of ReGen Nautic USA, developed his hybrid electric power systems with sailboats in mind, but for the casual sailor the increased cost was — and still is — hard to justify based on fuel…more


West Marine’s crown jewel

Fort Lauderdale ‘super’ facility is twice the size of flagship stores and five times as big as standard outlets West Marine CEO Geoff Eisenberg says the boating supply giant keeps its sights trained on the horizon, which helps explain the grand opening of its Fort Lauderdale superstore late last year in still-turbulent economic times. At…more


Fort Lauderdale: On the docks with Jim Flannery

French boatbuilder Beneteau, continuing its bid for a share of the U.S. powerboat market, debuted four Italian-styled express cruisers: the Flyer Gran Turismo 34, 38, 44 and 49 (also available with a flybridge). The builder introduced its Swift Trawler 42 to this country in 2005 and added a 52 in 2009, a 34 in 2010…more


Proposed yacht crew rules eased

Coast Guard plan still would require license recertification at five-year intervals instead of 10 Megayacht crews may have to do a little tap dancing and make some adjustments if the proposed 2011 amendments to the U.S. Standard of Training, Certification and Watchkeeping for Seafarers are adopted, industry sources say. “At this point I believe that…more


Viking stays steady in rough waters

70-foot convertible boosts business at New Jersey builder, which has recalled 275 workers Sitting at a table under the Viking Yachts display tent, Pat Healey had 12 good reasons to smile broadly on the last day of the 2010 Fort Lauderdale International Boat Show. His team had sold 12 Vikings, and only one had gone…more


Grand plans for a famed Miami boatyard

The 125-year-old Merrill-Stevens Drydock Co. is back in business under a new name, Marlow Merrill Stevens, with a new owner, boatbuilder David Marlow, who plans a renaissance for the historic yard on the Miami River. “This is an iconic dowager that needs to be put back in shape,” says Marlow, 67, chairman of Palmetto, Fla.-based…more

In a turbulent economy, what’s a yacht worth?

Figuring out a boat’s value depends partly on what it could be worth in a few years, and in today’s market that can be a lot like reading tea leaves. “You’ve got to be able to project what a yacht will be worth in three to five years,” says Jason Dunbar, a broker and yacht…more

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