New England-based Russo Marine is “right-sizing” its business by selling its Boston area flagship store and relocating north to a smaller building on a larger plot of land that is closer to the water and has more highway visibility — and subsequently slashing operating costs by 40 percent.
New powerboat sales in 2014 grew for the fourth year in a row, including the strongest fourth quarter the industry has seen since 2008.
The Miami International Boat Show got good news Thursday as Miami commissioners voted to spend as much as $16 million during the next year to upgrade the grounds around the Miami Marine Stadium in preparation for the show in 2016.
Lazzara Yachts was purchased by the Avanti Ocean Group, which consists of private investor Geoff Bond and third-generation family members Joe Lazzara and Steve Lazzara.
A delegation of Connecticut legislators, prompted by the tubing death of a high school honors student last summer, wants to make getting a boating certificate in the state more in line with obtaining a driver’s license.
It was only a year ago that Soundings Trade Only last interviewed Rec Boat Holdings president Roch Lambert for a Q&A, but at that time the company was still owned by California-based private equity firm Platinum Equity Group. Rec Boat was one of several former Genmar brands Platinum had bought out of bankruptcy for $70…more
The National Marine Manufacturers Association concluded a trip to Cuba last Friday, just days before President Obama said he would like to see the half-century-old trade embargo with that nation lifted.
U.S. companies applauded the White House announcement Wednesday of plans to lift the 54-year-old trade embargo with Cuba.
Miami International Boat Show organizers say several concerns raised by the Village of Key Biscayne regarding a plan to bring the show to Miami Marine Stadium in 2016 are already being addressed.
A rally is taking place today at Manhattan’s North Cove Marina, which has had a strong presence in community sailing programs for working- and middle-class New Yorkers, in an effort to prevent developers from taking over the marina.