With the current state of the U.S. economy, abandoned boats are becoming more of a problem from California to Maine, according to a recent report. Boats are considered a barometer of consumer confidence, disposable income, and the state of the economy. Now, marina and other officials are reporting an increase in the number of deserted…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.
Trade Only Today will not publish today in observance of Thanksgiving. We wish everyone a safe and happy holiday. The newsletter returns Friday.
Water-sports boatbuilder Tigé Boats of Abilene, Texas, laid off 25 workers, reducing its work force to 75. The layoffs, made earlier this month, were the third such action in the last year, according to a report in the Abilene News Reporter. Tigé released 49 assembly line workers in March, another 14 in late summer, and…more
Danish sailmaker Elvstrom Sails was sold to a group of private investors led by triple Olympic medalist and Americas Cup skipper Jesper Bank and Elvstroms former CEO Claus Olsen. The group purchased the company from Peter Jorgensen, who acquired the company a year and a half ago. Olsen will assume the role of CEO and…more
Zebra mussels have been discovered at the Conowingo Hydroelectric Dam in Maryland; the first time it has been found in the lower Susquehanna River. The mussel, about a half-inch in size, was found inside a water intake at the hydroelectric plant while monitoring juvenile shad migration on the river. It had not yet attached itself…more
Trade Only Today will not publish Thursday in observance of Thanksgiving. We wish everyone a safe and happy holiday.
President-elect Barack Obama announced his economic team Monday and reiterated the need to create a recovery plan for Wall Street, as well as address foreclosures, the struggling auto industry, and job creation. It is my hope that the new Congress will begin work on an aggressive economic recovery plan when they convene in early January…more
Marine Web Services has entered into a partnership with Bell Industries Recreational Products Group. As part of the deal, Bells marine and RV online catalogs can be added to any MWS dealers Web site that supports e-commerce functionality. Bell Industries RPG is a wholesale distributor of more than 50,000 recreational aftermarket parts and accessories. Marine…more
The International Superyacht Society recently awarded its annual International Superyacht Design Awards, as well as its Award for Leadership, ISS Person of the Year and ISS Excellence in Innovation. Each year, ISS honors yacht builders, designers, interior designers, naval architects and stylists selected from a list of five finalists in each of five length categories.…more
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