B. Riley’s analysis of the marine industry produced a largely positive outlook for all four companies it covers — Brunswick Corp., MarineMax, Marine Products Corp. and West Marine — despite the fact that early spring sales have lagged somewhat because of cold weather in much of the United States.
South Florida is partnering with Barcelona, Spain, to boost the marine industry in both regions and collaborate on nautical growth endeavors.
Chilly weather might have inhibited late winter and early spring boat sales, but innovative product seems to be boosting boat show sales and leads across all price points, potentially enough to offset any early losses.
Brunswick Corp. has partnered with peer-to-peer boat company Boatbound in its effort to tap the company’s younger demographic, helping to validate the relatively new model in the industry, which allows boat owners to rent their vessels to non-owners. “The credibility of Brunswick, they touch almost everything within the boating space,” Boatbound founder Aaron Hall told…more
CARTAGENA, Colombia — North American companies are catching on to the increased need to include Latin America, as a culture and a region, in marketing plans. Brazil has had a lot of attention as a nation that is ripe for building a new customer base. The boating industry has seen it as a major area…more
CARTAGENA, Colombia — Investors have been flocking to Colombia, with the country seeing record-breaking investments for three years in a row. “We have investment grade from major agencies like Moody’s and Standard & Poor’s as being one of the ideal places to invest,” said Miguel Angel Franco Hossain, senior tourism specialist with Proexport Colombia, the…more
CARTAGENA, Colombia — The marine industry is outgrowing the infrastructure in Colombia, leading the government to solicit proposals from companies worldwide for the construction of Marina San Andres, a 151-berth marina that officials hope will include amenities such as a shipyard and shopping mall.
CARTAGENA, Colombia — About 4,000 visitors were expected at the growing Cartagena International Boat Show, reflecting growth in the recreational boating industry in the country during the show’s second year.
Any discussion of the convoluted 1970s laws that regulate saltwater fishing seasons and catch limits tends to leave people glassy-eyed, wondering only, “Can I take my kids fishing?”
Hoping to boost export sales, 16 companies sign up for U.S. pavilion at Cartagena event