The workforce shortage is top of mind for many in the marine industry as boat dealerships have a 21.6 percent deficit between the number of employees they’ve budgeted for and those they actually employ.
Richard Strickler, who spent his career in marine finance and is largely credited with giving the Grow Boating campaign momentum, died April 14 in Franklin, Tenn. He was 71.
After a slow transition to new ownership, Fort Pierce, Fla.-based Twin Vee Powercats is rebranding and refocusing the business.
Gunboat International was sold at auction to GL Yachting USA and the sale is expected to close on Friday.
Brunswick Corp. reported that it was the victim of an email phishing incident that resulted in the potential unauthorized disclosure of 2015 W-2 information of a large number of current and former employees.
Mercury Marine is adding a 53,000-square-foot manufacturing capacity expansion to its headquarters in Fond du Lac, Wis., to accommodate growing global demand.
Brunswick Corp. saw a softening in its aluminum boat segment, primarily due to continued economic and currency uncertainty in the United States, but did experience some gains in engine sales in Europe in the first quarter as the dollar weakened some.
West Marine Inc. reported first-quarter net revenue of $130.4 million, an increase of 2.6 percent from the same period last year.
Hagens Berman, a group that has leveraged successful class-action litigation against giants such as Philip Morris and is taking on Volkswagen for its role in the emissions controversy, filed a class-action suit against Dometic Corp. on April 21, saying the company sold defective refrigerators that can spontaneously ignite on boats and RVs.
Russo Marine — now called MarineMax Russo Marine following last week’s acquisition by the largest boat dealership chain in the country — brought in $35 million in revenue in 2015 and represented MarineMax’s largest acquisition since 2006.