Industry News

Consisting of builders, dealers, marinas, parts and accessories makers and sellers and the trade groups that serve them, the marine industry is a sprawling and colorful collection of companies and people. From the number and type of boats it sells to its advocacy for the rights of boaters to enjoy their recreation on pollution-free waters, using fuel that doesn't damage their engines, the industry makes news in many ways.

Marine Products Corp. reports 2Q results

Marine Products Corp., the parent company of Chaparral, Robalo and Vortex jetboats, attributed a 24 percent hike in second-quarter net sales to higher unit sales of Vortex jetboats, Robalo outboard sportfishing boats and Chaparral SunCoast Sportdeck outboards.

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Industry mourns NMMA Hall of Famer Sylvan Hamberger

Sylvan “Ham” Hamberger, who worked in leadership positions at Mercury Marine, Boston Whaler, Yamaha and Tracker Marine during a 40-year career in the industry, died Friday in Palm Desert, Calif. He was 88.

Downtown Havana’s Colonial Zone is being meticulously restored with funding from the United Nations’ UNESCO program.

Charter gains license to cruise Cuban waters

The first recreational boat to legally cruise once-forbidden Cuban waters with U.S. citizens aboard could well be a yacht between 60 and 300 feet LOA, chartered through Paul Madden Associates of Palm Beach.

Industry mourns Western Branch Diesel COO

Rob Miltz, chief operating officer of Western Branch Diesel in Portsmouth, Va., and a 40-year industry veteran, died July 8 of complications from a medical procedure. He was 63.

Fed has its eye on an economy that’s watching right back

The Federal Reserve is holding its fifth meeting of the year today and Wednesday and, although Fed watchers don’t expect a rate increase, they’ll be scrutinizing the central bank’s statement to see whether the Fed is sending subtle signals about a move that could come in the fall.

Shedd says boaters and anglers are the true conservationists.

Q&A with American Fishing Tackle Co. president and CEO Bill Shedd

AFTCO was established in 1958 in Newport Beach, Calif., as the American Fishing Tackle Co. by J.C. Axelson, a pioneer in big-game tackle development. In 1973, Milt and Peggie Shedd acquired the business and oversaw its evolution into a brand that focuses on conservation as well as big-game angling.

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