North Carolina-based Gunboat International Ltd. will be sold at auction as a single lot to bidders, according to an amended motion filed in bankruptcy court on Tuesday.
Gunboat International, a manufacturer of luxury carbon fiber sailing catamarans, is headed to auction.
Construction of the Progressive Miami International Boat Show is underway and organizers are assuring exhibitors and visitors that it will be ready in time for its Feb. 11 opening.
JRL Ventures, the parent company of Florida-based Marine Concepts, has seen record growth during the past two years. Marine Concepts was founded in the 1970s by industry vet Augusto “Kiko” Villalon, based on his conclusion that there was no design and development company that could develop a marine project from beginning to end.
Frank Herhold, whose influence on the industry extended well beyond his role as president of the Marine Industries Association of South Florida, died Dec. 5 in Fort Lauderdale. He was 76.
Gunboat International filed for Chapter 11 bankruptcy protection in November after a series of challenges during the past two years, but owner Peter Johnstone says the company is operationally poised to rebound.
Colombia is partnering with established marine groups to host a conference as it prepares to catch its recreational boating infrastructure up with growing demand.
The Federal Reserve increased short-term interest rates for the first time in nearly a decade, raising its benchmark rate 0.25 percent from record lows set after the 2008 financial crisis.
The Miami International Boat Show cleared another big hurdle on Tuesday as the county commissioners voted to approve a permit necessary for the in-water portion of the show.
New Jersey has passed a law that will cut the amount of taxes paid on new boats in half.