MarineMax reported seeing softness in the 60-foot-and-above boat market during its third quarter and pointed to inaction in Washington, D.C., as a leading cause for seeing that market weaken for the first time since the Great Recession — as well as cool, rainy weather in the Northeast.
The bipartisan Modern Fish Act was introduced this week in the Senate, a companion bill to legislation that was introduced in the House in April.
People should expect to see an expansion of the outboards offered by Seven Marine following its acquisition by Volvo Penta, although the companies did not say whether that meant moving into lower-horsepower engines.
Marine dealers reported continued momentum in June — the biggest month for boat sales — though confidence slipped somewhat from May.
Malibu Boat’s purchase of Cobalt Boats was “not an acquisition of a sterndrive company,” but the purchase of a company that offers several opportunities given Cobalt’s entry into the outboard and wake surf segments last year.
A federal court jury ruled that Brunswick Corp. willfully infringed upon a Cobalt Boats LLC patent when it offered retractable swim steps on several Sea Ray models.
Chris Oliver has been appointed to manage national fisheries for the National Oceanic and Atmospheric Administration, the Trump administration announced Tuesday.
Former Beneteau America president Laurent Fabre has partnered with the French boatbuilder Fountaine Pajot to help the company penetrate the North American market.
Premier Marine, maker of Premier Pontoons, filed for Chapter 11 restructuring as a result of a “failed acquisition of another pontoon manufacturer in 2011,” said a motion filed Tuesday in U.S. Bankruptcy Court in Minnesota.
Yamaha Motor Corp. said it created a new subsidiary, Yamaha Marine Systems Co., following the acquisition of Kracor Inc., a rotational molding manufacturer based in Milwaukee.