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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.

Marine Products reports drop in 2nd quarter sales

Marine Products Corp. reported a $12.1 million decline in net sales, or 17.9 percent, for the second quarter ending June 30, compared with the same period in 2007. The change in net sales was comprised of a 24.8 percent decrease in the number of boats sold, partially offset by a 6.8 percent increase in average…more

Reichhold CEO to host conference call

Reichhold Industries will host a conference call for qualified investors, analysts and portfolio managers at 10 a.m. EDT Friday to discuss second quarter 2008 financial results. Reichhold Industries CEO John Gaither will host the call. To participate in the call, e-mail your request to the office of the chief financial officer at investor.relations@reichhold.com. Once approved,…more

Colorado lowers legal limit for BUI

Changes to Colorado’s law on boating under the influence recently went into effect, decreasing the legal limit for blood alcohol content and expanding the reach of the law to operators of any waterborne vessel. Previously, the BUI law applied only to operators of motorboats or sailboats whose BAC was .10 or above. Now, the limit…more

Wachovia raises Brunswick’s earnings estimate

Analysts at Wachovia Capital Markets are raising their earnings estimates for Brunswick Corp., following last week’s report from the boatbuilder’s largest customer, MarineMax. MarineMax reported a $108 million drop in revenue and a net loss of $113.3 million for its third quarter ending June 30. The retailer also said it plans to order about 40…more

Changing places

Laborde Products of Covington, La., expands its territory with the addition of a new salesman. Stan Shelton joins the Laborde team as an outside salesman for the company’s marine and industrial products. He will be covering the territory north of Tennessee, where the Missouri and Mississippi Rivers meet. Returning to the marine engine market after…more

NOAA sees chance of even more hurricanes

In the August update to the Atlantic hurricane season outlook, the National Oceanic & Atmospheric Administration’s Climate Prediction Center increased the likelihood of an above-normal hurricane season and raised the total number of named storms and hurricanes that may form. NOAA now projects an 85 percent probability of an above-normal season — up from 65…more

BoatU.S. adds to its safety grant total

Celebrating 20 years and an $800,000 milestone, the BoatU.S. Foundation for Boating Safety and Clean Water set aside another $50,000 to help neighborhood groups develop innovative projects that promote safe boating on local waterways. Grants of up to $4,000 are available to local community organizations and non-profit groups for boating safety projects. Applications are due Nov.…more

Fuel prices lead to fewer boat trips, poll says

Three out of four boat owners say high fuel prices will cause them to take shorter trips or go boating less often, according to a nationwide poll commissioned by Mad Mariner, an independent online magazine for boaters. The Mad Mariner poll queried 400 boat owners on a range of topics from the impact of fuel…more

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Changing places

Industry veteran Doug Sanders joined ComMar Sales, the Tiverton, R.I.-based marine manufacturer’s representative group, as a representative for the Gulf Coast states of Texas, Louisiana, Mississippi and Alabama. He will also represent select and limited electronics manufacturers in the Great Lakes/Midwest areas. ComMar president Tim Conroy, in a statement, said, “Both our manufacturers and customers…more

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Yamaha Marine propeller lines

Yamaha Marine will broaden its propeller offerings, adding a variety of pitches, diameters and designs to meet the needs of the growing application potential for its outboards. The three new propeller lines are constructed of stainless steel and will be available to boatbuilders and dealers later this year. The XL4 line is designed for Yamaha’s…more

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