As Barack Obama takes over the presidency, ideas for fixing the banking crisis are circulating, from having government buy banks’ troubled assets to nationalizing the banking system. In his latest New York Times DealBook column, Andrew Ross Sorkin suggests that the alternatives being considered all have drawbacks that need addressing before the President and his…more
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.
Marine manufacturers who have been supplementing lagging domestic sales with robust export sales say that as America’s financial crisis spills across borders, overseas sales are dipping too. Following an unprecedented increase in boat sales abroad that began in early 2004, the market has slowed in recent months, as the global economy follows the U.S. recession…more
Organizers of last month’s Emirates Boat Show International in Abu Dhabi are calling the inaugural event a success, with more than $15 million in boat sales. The show attracted 13,000-plus visitors and featured more than 200 boats and a range of other products from local, regional and international exhibitors. “The results of the first EBSI…more
Organizers of the boot Düsseldorf 2009 international boat show are optimistic as they prepare for the Jan. 17-25 event, despite the worldwide economic slowdown. “We expect hall capacity to be well-used and the showcase to be representative of the international offerings for yachting and water sports,” said Goetz-Ulf Jungmichel, project director of boot 2009, in…more
International bluewater sailor and author Hal Roth died this fall after a long illness. He was 81. Roth and his wife, Margaret, devoted more than 40 years to sailing the world’s oceans, beginning in the mid-1960s when they quit their jobs to embark on a 19-month trip around the Pacific. The Roths sailed around the…more
Boating Writers International will hold its general meeting from 8 to 10 a.m. Oct. 31 at the Bahia Mar Hotel during the upcoming Fort Lauderdale International Boat Show. BWI’s “Newsmaker” session is titled “Expanding the Boating Universe Beyond Middle-aged Males.” It will examine changing U.S. markets with a panel discussion about how to write about…more
October will be a busy month for the marine industry, as business leaders gear up for two major events that traditionally serve as key indicators for the coming year: the Fort Lauderdale International Boat Show and the International BoatBuilders’ Exhibition & Conference. Click here.
Edson International of New Bedford, Mass., marks its 150th year anniversary in 2009, and to start the celebration the company is hosting the Newport (R.I.) International Boat Show exhibitor party Thursday. The trade-only party starts at 6 p.m. at the Newport Harbor Hotel and is held in conjunction with the International Yacht Restoration School’s annual…more
Boat Bunkers International, a Florida-based manufacturer of an in-water mooring station that keeps boat hulls clean and eliminates the need for anti-fouling paints, established a strategic alliance with U.K.-based VersaDock International. VersaDock makes a line of modular flotation docks and drive-on docking stations. Under the alliance, the Boat Bunkers product line will be available to…more
PUMA Ocean Racing Skipper Ken Read and America’s Cup veteran and BMW Oracle Racing executive Tom Ehman will share insights about the Volvo Ocean Race and America’s Cup, respectively, in Newport, R.I.Their presentations will be delivered at the Sailing Industry Conference June 11-12. Sail America and Sail Magazine are presenting Read at the conference’s welcome…more