International News

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.

Mexican government impounds boats in crackdown

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.

Unemployment dips to 6.7 percent

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.

British marine industry sees surge in demand

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.

Chinese marine industry grew in 2013

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 bounces back in December

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

Industry sees hope in today’s economic news

House and Senate negotiators unveiled an $85 billion agreement late Tuesday to fund federal agencies through the fall of 2015, averting another government shutdown and bringing potentially welcome news to the marine industry.

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