Analyst optimistic despite slow May boat sales

Wells Fargo analysts are reiterating their belief that the overall retail boat industry will be up between 8 and 9 percent in light of May sales data released by Statistical Surveys.

Obama seeks expansion of Pacific marine preserve

President Obama announced that he will designate the world’s largest marine preserve in a large swath of the Pacific Ocean, making the area off-limits to fishing, energy exploration and other activities. The action expands upon and more than quadruples a protective measure that George W. Bush took during his presidency.

Brunswick acquires systems maker Whale

Brunswick Corp. acquired water movement and heating systems manufacturer Whale, a move the company had hinted at in its attempt to further grow the parts and accessories arm of its marine group.

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Coast Guard faults Bounty captain in 2012 sinking

It came down to poor finances, a captain’s superstition that voyages should never begin on Friday — the day of Jesus Christ’s crucifixion — the desire to get home in time for Thanksgiving and the belief that a ship is safer at sea than at port during a storm.

President Obama signs dredging legislation into law

President Obama signed bipartisan legislation this week acknowledging that recreational boating is a significant contributor to the nation’s economy, according to BoatUS, which said it will work to implement the law.

Analyst raises expectations for MarineMax

An analysis firm is raising its guidance of MarineMax after holding “bullish” management meetings with CEO Bill McGill and chief financial officer Mike McLamb that indicated an increase in retail lending and higher-than-expected margins would contribute positively to the company’s bottom line.

Marine Industry Day set for South Florida

The Marine Industries Association of South Florida is hosting a panel discussion Wednesday on the industry’s economic impact and educational opportunities, followed by the launch of a scholarship program, at Nova Southeastern Oceanographic Center in Dania Beach.

President Obama set to sign dredging legislation

President Obama is expected to sign the $12.3 billion Water Resources Reform and Development Act, the first water bill in seven years and what some say will be the last big legislative accomplishment of the 113th Congress.

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