BUZZARDS BAY, Mass. — It took a team of 16 men seven months to build in 1841 – and that was including a month of strike for shorter hours — but five years and $7 million to restore so it could sail 173 years after its initial launch.
Manufacturing is projected to be cheaper in the United States than in China by 2018, and only seven of the 25 largest exporting countries now have lower manufacturing costs than the United States. Since 2004, U.S. manufacturers have improved their competitiveness, compared with every major exporter except India, Mexico and the Netherlands, according to a…more
It’s always good when the motorcade arrives, and at the inaugural Panama International Boat Show that moment came when the country’s president, Ricardo Martinelli, paid a visit.
The Great Recession launched a seemingly endless cycle of boatbuilder bankruptcies and sales, and the fallout is still being felt six years after the bottom dropped out of the financial world. But Rec Boat Holdings — consisting of four brands that Platinum Equity scooped up after Genmar went belly-up in 2010 — is the first…more
Yamaha Marine Group president Ben Speciale’s enthusiasm extends beyond boats and motors, though there is no shortage of it there. He will talk and talk about cutting-edge technology. But when discussing the political process, he is nothing short of exuberant.
Capacity of bigger Brunswick Corp. boat models has been constrained as the company is in ramp-up mode for its new large models, such as the Sea Ray 650.
MarineMax saw reduced margins in the June quarter because the company “largely didn’t have the new models to sell,” according to CFO Mike McLamb. However, the company was able to realize one of its best unit growth quarters since before the recession with encouraging gains in sterndrive sales.
FLIR Systems saw revenue decline 5 percent to $369.4 million and operating income drop to $59.4 million from $70.3 million in the second quarter.
Sales of Robalo’s larger sportfishing and bay boats increased in the second quarter despite encountering “a real struggle”in regions affected by bad weather this spring.
New preliminary data released Friday by Statistical Surveys confirm a Wells Fargo analyst’s assessment that a sluggish early start to 2014 in boat sales is now showing signs of an uptick.