Five new powerboats were named the best of the year by the editors of eight European magazines.
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.
The Great Britain, one of the 12 yachts in the Clipper Round the World race, ran into one of its toughest tests — a powerful waterspout — mid-passage on the Brisbane, Australia, to Singapore leg of the race today.
Brian Porter of Fontana, Wis., and Jody Starck of Amherst, N.J., were named US Sailing’s 2013 Rolex Yachtsman and Yachtswoman of the Year.
Hundreds of tourists with boats docked in marinas throughout Mexico had their vessels boarded and subsequently impounded by the SAT — Mexico’s IRS — during the course of several weeks after a crackdown by officials.
The U.S. economy created just 74,000 jobs in December, but the unemployment rate dropped to 6.7 percent as fewer people apparently looked for work.
The U.K.-based Financial Times is reporting that manufacturing is increasing in many European countries after a long downward trend.
British yacht and leisure boat builders saw a surge in demand from overseas buyers last year, helping the wider U.K. leisure marine industry to post revenue of about $4.75 billion.
New statistics show that despite hurdles involving classification and infrastructure, the value of yacht imports and exports across China’s borders grew 25.7 percent during the last year to $476 million.
Consumer confidence, which had slipped in November, rebounded in December. “Consumer confidence rebounded in December and is now close to pre-government shutdown levels” in September, Lynn Franco, director of economic indicators at The Conference Board, said in a statement. The board’s Consumer Confidence Index was at 78.1 in December, up from 72.0 in November. The…more
New-home sales are on track to be better in 2013 than they have been since 2008, prior to the housing market crash.