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From factory openings to production milestones to the launch of new boats, the marine industry makes news in numerous ways. Trade Only follows developments wherever they occur.

CUTS:

Boating must take advantage of the breathing space afforded by the relative health of the market to replenish its aging customer base, says Info-Link’s Jack Ellis.

Engineers designing outboards such as Yamaha’s F250 continue to push innovation toward fuel efficiency and interconnectivity.

The popularity of wakeboarding and wake surfing is bolstering the tow boat market.

Industry leaders say new boats with advanced propulsion and innovative technology are keys to fueling sales.

Sailing is one segment that has helped bring young people into boating. There are junior sailing programs and schools in most boating-intensive regions.

The millennial generation now exceeds the baby boomers in size, and is continuing to grow.

Promotional efforts today are focused largely on selling the lifestyle. The logical assumption is that boat sales will follow.

Outlook 2016

Industry leaders give us their forecasts for the new year and most expect it will be much like 2015 — they say that type of slow, steady growth is positive, given the hit boating took in the recession.

Sportfishing television show debuts in January

The publishers of Sport Fishing magazine said Sport Fishing Television will debut next month. The show, which features host and filmmaker Graham Morton, will premiere on the Pursuit Channel on Jan. 1 at 1 p.m. EST and Jan. 3 at 2 p.m. EST.

Spending bill includes red snapper reforms

The American Sportfishing Association and the Center for Coastal Conservation lauded Sen. Richard Shelby, R-Ala., for sponsoring a series of provisions in the federal year-end omnibus spending bill that would change red snapper management in the Gulf of Mexico.

New Navy destroyer rescues fisherman during sea trials

The largest and most expensive U.S. Navy destroyer ever built rescued a fisherman off the coast of Maine as it conducted sea trials. The advanced guided missile destroyer USS Zumwalt, which boasts stealth capabilities and will one day help support special operations forces, responded on Saturday to a distress call from a fishing boat off…more

Certified dealer program hands out insurance bonuses

Five dealers in the Marine Industry Certified Dealership Program received a bonus credit of as much as 10 percent of their premiums because they filed no insurance claims in the fiscal year during the program’s pilot run.

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