South Florida’s 10th annual Marine Summit touched on the perennial issues of regulation, work-force training and economic development and business retention, but the thread running through much of yesterday’s summit was Amendment 6. The afternoon summit at the Palm Beach County Convention Center was both a pep rally and strategy session for winning voter approval…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.
Chris Landry, senior reporter for Trade Only and Soundings magazines, spent three days in Galveston, Texas, with a BoatU.S. Marine Insurance Catastrophe Field Team reporting on the aftermath of Hurricane Ike. This is his third and final dispatch. Look for a complete report in the November issue of Trade Only. Packed in a small, one-bed…more
Annapolis, Md.-based Fawcett Boat Supplies emerged from bankruptcy this month, The Capital (Md.) newspaper reports. The company’s reorganization plan was approved Sept. 10 by a bankruptcy court. The plan addresses 38 classes of creditors holding $5.6 million in claims against the company, according to the newspaper. Under the reorganization plan, Fawcett has been recapitalized by…more
The Sacks Group Yachting Professionals announced that Bill Nelson has joined the company’s brokerage department. Nelson grew up in Whitefield, N.H., and was introduced to boating at the age of 16 when he started club racing at Mentor Harbor Yachting Club in Ohio. Soon after attending Bowling Green University, he moved to Fort Lauderdale to…more
Brandy Marine International of Sarasota, Fla., was selected to manage the new full-service Porto Papagayo marina on Costa Rica’s Pacific coast. The 350-slip marina, adjacent to the 2,300-acre Peninsula Papagayo resort development, is scheduled to open in December with 179 wet slips for vessels from 35 to 240 feet. Construction began this summer. Brandy Marine…more
Chris Landry, senior reporter for Trade Only and Soundings magazines, is in Galveston, Texas, for the second day with a BoatU.S. Marine Insurance Catastrophe Field Team reporting on the aftermath of Hurricane Ike. The crunching sound caused me to turn my head. A crane plopped a Pearson 36 sailboat onto a barge after pulling it…more
Van W. Snider Jr., president of the Michigan Boating Industries Association, says the days of the “order taker” are over. No longer can retailers continue doing business the same way as in the past. Look for opportunities, experiment, try something new and monitor the results. Click here for more.
GHL Acquisition Corp. and Iridium Holdings, a leading provider of mobile voice and data satellite services, signed a definitive agreement under which they plan to combine. The proceeds of the transaction will enable Iridium to be debt-free and well-positioned to develop its next generation satellite constellation, “Iridium NEXT.” GHL Acquisition is a special-purpose acquisition company…more
Newport, R.I.-based Confident Captain/Ocean Pros was named an approved training center for the U.K.-based Royal Yachting Association. This allows Confident Captain/Ocean Pros to instruct all RYA courses. It is one of only two facilities in the United States able to provide RYA Yachtmaster certification. “Confident Captain/Ocean Pros is proud to collaborate with the RYA, especially…more
Christine Alhambra was named managing editor of PassageMaker magazine, and Lauren Petralia was promoted to art director. “We’re glad to have Christine and Lauren aboard to continue our progress,” said Rob Dorfmeyer, PassageMaker publisher and general manager. “PMM defines and leads this marine industry niche and continues to grow and prosper in these tough economic…more