The marine industry’s major wholesale lender announced that it will sell its business to simplify operations.
The Beneteau Group is reporting an 18.2 percent gain in boat sales for the first half of its fiscal year, up from about $230 million between September 2013 and February 2014 to $272.6 million in the same time period through February this year.
Cobalt Boats is suing Sea Ray Boats, alleging that the company has infringed on Cobalt’s patent for a submersible swim step. The complaint, filed in U.S. District Court for the Eastern District of Virginia, contends that Sea Ray’s “reckless” infringement of the patent has caused Cobalt to lose sales.
Businesses were so focused on survival after the recession that few have looked ahead to anticipate the next one. But Russo Marine is cutting its overhead by 40 percent by “right-sizing” the dealership, which means selling the flagship store in Medford, Mass., and moving into a smaller one — on a bigger piece of land —…more
In an unprecedented show of solidarity among saltwater fishing stakeholders, the Recreational Fishing Alliance is endorsing a vision for managing saltwater fisheries that would give recreational anglers a seat at the table.
Attendance at the Progressive New England Boat Show fell drastically because of frigid February weather and several feet of snow, but many exhibitors say the people who did show up were buying boats.
Maverick Boat Co., celebrating 30 years in the business, is breaking sales records with its four brands — Maverick, Hewes, Pathfinder and Cobia powerboats.
Training — it’s a word that can excite or illicit groans, depending on a person’s perspective.
Grow Boating Inc. has transferred ownership of the Marine Industry Certified Dealership Program to the Marine Retailers Association of the Americas.
The marine industry offered widespread support for a plan under which the Gulf states would manage their red snapper populations 200 miles offshore, as opposed to the federal management that the species has faced to this point.