Wells Fargo analysts are reiterating their belief that the overall retail boat industry will be up between 8 and 9 percent in light of May sales data released by Statistical Surveys.
President Obama announced that he will designate the world’s largest marine preserve in a large swath of the Pacific Ocean, making the area off-limits to fishing, energy exploration and other activities. The action expands upon and more than quadruples a protective measure that George W. Bush took during his presidency.
Brunswick Corp. acquired water movement and heating systems manufacturer Whale, a move the company had hinted at in its attempt to further grow the parts and accessories arm of its marine group.
It came down to poor finances, a captain’s superstition that voyages should never begin on Friday — the day of Jesus Christ’s crucifixion — the desire to get home in time for Thanksgiving and the belief that a ship is safer at sea than at port during a storm.
President Obama signed bipartisan legislation this week acknowledging that recreational boating is a significant contributor to the nation’s economy, according to BoatUS, which said it will work to implement the law.
The Gulf region red snapper recreational fishing season came to a close one minute after midnight today after being open for just nine days.
An analysis firm is raising its guidance of MarineMax after holding “bullish” management meetings with CEO Bill McGill and chief financial officer Mike McLamb that indicated an increase in retail lending and higher-than-expected margins would contribute positively to the company’s bottom line.
The Marine Industries Association of South Florida is hosting a panel discussion Wednesday on the industry’s economic impact and educational opportunities, followed by the launch of a scholarship program, at Nova Southeastern Oceanographic Center in Dania Beach.
President Obama is expected to sign the $12.3 billion Water Resources Reform and Development Act, the first water bill in seven years and what some say will be the last big legislative accomplishment of the 113th Congress.
Marine maintenance management company Vessel Vanguard and Formula Boats signed a 5-year subscription agreement, a move that expanded the company’s client base beyond the yachts it typically serves.