Coast Distribution today announced that the company’s board of directors has suspended the quarterly cash dividend because of continued economic conditions. Coast, a supplier of aftermarket replacement parts, accessories and supplies for the marine, recreational vehicle and outdoor recreation industries, reported the dividend suspension will save the company approximately $535,000 annually. “This suspension follows several…more
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.
Charles Marine and Industrial Group received American Bureau of Shipping Type Approval of its HQ and InCharger Series battery chargers. ABS certifies that enrolled manufacturers are capable of consistently producing a product in compliance with stringent specifications. Companies receiving the approval are required to have a valid and current design approval and manufacturer assessment. The…more
For the first time, Chris-Craft is holding a factory-authorized year-end inventory clearance event. Between now and Dec. 31, all inventory at dealerships around the country is discounted, according to the company. Click here for a list of available models. Sarasota, Fla.-based Chris-Craft builds 19 models from 20 to 40 feet. The company could not be…more
A new television series featuring the boating lifestyle will begin shooting this summer. “Life Uncharted,” with the subtitle “Home is a boat, and the backyard changes every day,” is a 13-episode travel-adventure series about a family’s passage from Maine to the Bahamas. “Life Uncharted” is produced by Jeffrey A. Cox and Cindy Wallach, of Philadelphia-based…more
Boating Industry magazine recently announced its Top 100 Dealers. The rankings recognize overall business operations, customer service, marketing and professionalism. Topping the list for the second consecutive year is Anna Maria, Fla.-based Galati Yacht Sales, followed by Seattle Boat Co., of Seattle; Prince William Marine Sales Inc., Woodbridge, Va.; The Sail & Ski Centers, Austin,…more
Maxwell launched a new Web site designed to be a quick and simple resource for consumers. Located at www.maxwellmarine.com, it features detailed descriptions and photos of Maxwell’s line of anchoring products. Tips on safety and maintenance are posted, along with a glossary of anchoring terms. With an interactive map, users can find available sales resources…more
A lawsuit filed in U.S. District Court in California last week by a coalition of environmental groups challenges the Tahoe Regional Planning Agency for adopting new land-use regulations without thorough consideration of environmental and public access impacts, according to the suit. The new regulations would increase motorized boating, “adding more than 62,000 boat trips to…more
The price of gas has dropped 33 cents in the last two weeks, dipping south of $2 a gallon for the first time since March 2005, according to a recent national study by Lindberg Survey. Why are gas prices so low and dropping by the day? Click here for a New York Times report that…more
Yvan Cote was appointed president of the Teleflex Marine Group. He succeeds Vince Northfield, who was named executive vice president of global operations for Teleflex Medical. For the last two years, Cote has held the position of vice president of product management. He has been a member of the Teleflex Marine senior management team directing…more
The National Marine Manufacturers Association has provided Congress with suggestions on how the government can help marine businesses through the economic slump. Letters outlining the recommendations were sent to Treasury Secretary Henry Paulson, House and Senate leadership, and appropriate House and Senate committees. Click here for the letters NMMA sent to Washington.