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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.

Analyst makes industry predictions for 2009

Some industry observers expect the marine sector to experience an unprecedented number of dealer bankruptcies in the first quarter of 2009, due to a tightening of floorplan financing. “We also expect to see a number of manufacturers shut down,” said Hayley B. Wolff, senior equity research analyst from Rochdale Securities, in a recent report on…more

Boat show in Indiana cancelled

The 51-year-old Tri-State Boat & Sport Show, held in Evansville, Ind., was cancelled because of the tough market. The Boat Show, sponsored by the Outboard Boating Club of Evansville, Ind., was set to run the weekend of Feb. 28-March 1. Click here to read the article in the Evansville Courier & Press.

Ranger employs robotic technology

Ranger Boats has adopted a new “resource-conscious” manufacturing process with the addition of a custom JetTool water jet. The Flippin, Ark.-based boatbuilder says the new robotic water jet will fulfill one of the factory’s least-popular jobs: cutting holes and lids into the fiberglass, interior deck components of the more than 40 different Ranger models. “In…more

Palmetto Associates head to speak at YBAA conference

Joe Ellers of Palmetto Associates will present the general session topic of Successful Yacht Sales in Difficult Times during the YBAA 2009 International Conference of Professional Yacht Brokers. The session will deliver sales strategies and techniques, along with insights and information designed to maximize a broker’s success. Ellers is director of the management consulting firm…more

Inventory sharing now available for Rinker dealers

Rinker Boat Co. dealers can now share inventory through the inventory management system offered by www.MarineDealerTrader.com. The online system offers a “brand specific” trading arena that gives Rinker dealers immediate access to manufacturer yard inventory and also inventory of other dealer partners. Dealers can search new or used boats, sell and buy parts and accessories,…more

New Jersey trade association offers scholarships

The Marine Trades Association of New Jersey is handing out three education scholarships for the 2009-10 school year for students interested in a marine industry career. The $3,000 MTA/NJ Education Scholarship can be applied toward any marine trades program at any school. The MTA/NJ was able to double the amount of the scholarship this year,…more

Manufacturers offer boat show promotions

Retail promotions abound this boat-show season, with two more manufacturers offering special incentives. Suzuki Marine is offering its Gimme 6! sales promotion. Consumers buying a new Suzuki 4-stroke outboard from 40- to 300-hp between Jan. 1 and March 31, can get the engine maker’s standard three-year limited warranty plus three years of Suzuki Extended Protection…more

VIDEO: Pilot, marine community avert disaster

Watch how New York’s lower Hudson River commercial marine community sprang into action Thursday, working alongside the Coast Guard and other emergency personnel to rescue all 155 passengers of the downed US Airways plane from the 35-degree water. {youtube}fxXw9bPvDOU{/youtube}This Coast Guard video shows the scope of the effort, with at least six vessels crowding around the plane.…more

Pearson announces layoffs

Pearson Composites LLC of Warren, R.I., is laying off 50 employees in response to the economic downturn. “Unfortunately, Pearson is not immune from the challenges that the global economy is facing,” said Scott Bryant, vice president of sales and marketing, in a statement. “We are fortunate, however, to have a backlog of boats to build.…more

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Changing Places

Red Oak Marketing of Lake Forest, Ill., named Jeff Scherer vice president of strategic development. Scherer has set up e-business programs for organizations such as AutoNation, MarineMax and Tracker Marine Group. He also has implemented and launched award-winning Web sites with MarineMax and Tracker Marine.   “He’s a proven success at identifying, understanding and satisfying…more

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