The American consumer’s mood has been tough to read since the year started, but Tuesday’s rise in The Conference Board’s Consumer Confidence Index, coupled with a surge in sales of new single-family homes, suggests that the economy is starting to shake off the effects of a lethargic first quarter.
The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.
American-built boats are costing Canadians about 20 percent more than they did a few months ago because of a weakening Canadian dollar versus the strong U.S. dollar.
European boatbuilders have been focusing more and more on the U.S. market as their own economies remain challenged and the strong dollar creates a pricing advantage against their American counterparts.
The Active Interest Media Marine Group is holding its first Reader Rendezvous, set for June 29-July 7 at the Abaco Beach Resort in the Bahamas.
Enthusiasm and participation at the Volvo Ocean Race stopover in Newport, R.I., exceeded expectations, leading organizers to give the city an exclusive two-month negotiating window to secure the North American stopover in the next race, slated for 2017-2018.
So where is the U.S. economy headed? Gross domestic product rose at an anemic annualized rate of 0.2 percent in the first quarter after advancing 2.2 percent in last year’s fourth quarter, and there are as yet no signs of a strong rebound during the second quarter.
NEWPORT, R.I. — The anglers in the room know the situation — the line tightens and, for a split second, you think you’ve got a fish on.
NEWPORT, R.I. — It might be Volvo Penta’s enormous investment in the Volvo Ocean Race that helps give the company a 55 percent market share in the 20- to 60-foot sailboat market in Europe and a 45 percent share in the 40- to 60-foot U.S. sailboat market.
NEWPORT, R.I. — The Volvo Ocean Race has a journalist embedded on the boat of each team to push out content — video, photos and everything else — to the world.
Five teams of American Hobie Cat sailboat racers departed Key West’s South Beach on Saturday morning in a Key West-to-Havana race in what is believed to be the first U.S. government-sanctioned sailing race between the two cities in more than 50 years.