Marine lenders say sales in June and early July were higher than expected, tracking upward between 7 and 9 percent and indicating pent-up demand in regions most affected by weather in the early part of 2014.
Weekend crowds eager to see the latest boats, yachts and marine gear from leading manufacturers and local dealers surpassed goals set by show organizers and many exhibitors at the inaugural Panama International Boat Show, which took place June 20-22 at Flamenco Marina near downtown Panama City.
The policy around red snapper fishing in the Gulf region is so disastrous for recreational anglers that it could actually wind up working on behalf of the recreational industry.
Cape Yachts, based in South Dartmouth, Mass., and founded in 1986 by Dave Nolan, opened a new location on Long Island in Port Washington, N.Y., at Brewer Capri Marine.
The Western Pacific Regional Fishery Management Council came out in opposition of President Obama’s announcement that he will create the world’s largest marine preserve in a swath of the Pacific, closing the area to fishing, energy exploration and other activities.
Management at Washington-based Westport Shipyard expects few changes following the yacht builder’s sale to Westport LLC, a group that includes members of the Louisiana-based Chouest family.
Rising water levels in the Midwest and Great Lakes have been welcomed in some areas, but have also presented challenges in other regions.
Beneteau Group isn’t saying how much it spent last week to acquire Rec Boat Holdings, but CFO Patrick Guilloux gave some indication of the overall investment the company made.
If marine dealers’ congressmen and women don’t know them on a first-name basis, dealers aren’t communicating enough with them.
Wells Fargo analysts think investors have become overly focused on the fact that May U.S. boat sales were down without considering several underlying nuances “skewing May data.”