Cape Yachts opens Long Island location

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.

VIDEO: Fisheries group opposes Obama’s Pacific marine preserve

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.

Hull No. 12 of Westport’s flagship 164-footer was launched this year.

New owners take over at Westport Shipyard

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.

Analyst says May boat sales aren’t that bad

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.”

VIDEO: Beneteau Group expands its reach with deal

The Beneteau Group’s acquisition of Rec Boat Holdings — parent company of Four Winns, Glastron, Wellcraft and Scarab — will help the 130-year-old company further penetrate the North American powerboat market.

Analyst says Malibu Boats is poised for growth

Despite some early incremental share losses this year, Malibu Boats expects to realize modest share gains in 2014 overall that are driven by an accelerated pace of innovation and distribution enhancement.

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