While much of the industry is reporting a drop in sales, fractional boat ownership appears to be on the rise, according the SailTime Group LLC, of Annapolis. SailTime has seen steady increases in membership and boats being brought into the program as boating enthusiasts seek innovative and affordable ways to keep their boating dreams alive…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.
ProBoat E-Training will hold a weeklong online open house to allow marine professionals a sample of the courses currently available. Scheduled for Jan. 12-16, the open house will feature course outlines, instructor bios and excerpts from the following ongoing courses: New Tools for Trainers Rhino for Marine Designers Propeller Selection for Boats and Small…more
Lagoon America, of Annapolis, appointed a new dealership in Texas. Sea Lake Yacht Sales will promote Lagoon catamarans in Louisiana, Oklahoma and Texas. Jamie Babcock, a member of the Gulf Coast Yacht Broker’s Association, has joined the Sea Lake Yachts team as one of the salesmen in charge of the Lagoon brand. Lagoon will be…more
Despite the infusion of cash from the federal government into credit markets during the last few months, many banks are still leery of lending money. The financial crisis started in the credit markets, and thats where it will end. But as 2008 comes to a close, bankers and policy makers are struggling to see the…more
Starting in 2010, states will be allowed to develop saltwater fishing registries that may lead to requirements for saltwater licenses by 2011. Of the 23 coastal states, only the seven from Maine to New Jersey, plus Hawaii, do not require licenses for saltwater recreational fishing, and previous attempts to charge anglers in Rhode Island, Maine,…more
The International Yacht Restoration School in Newport, R.I., will host a session on career opportunities in the marine industry next week. The event will be held from 6 to 8 p.m. Jan. 8 at the auditorium of the Community College of Rhode Islands Newport campus. The program is for those who have no experience in…more
The Trade Only e-newsletter will not publish Thursday in observance of New Years Day. We wish everyone a happy and safe holiday.
Keeping Americas ports safe is a key function of the Coast Guard and its prevention departments. These departments operate in major ports nationwide and protect millions of American passengers, countless mariners and millions of tons of cargo each day, according to a recent article in Shipping Digest. The report takes an in-depth look at how…more
Annapolis-based e-Merges.com upgraded its Web-based service that lists boat owners from around the country, allowing marine businesses to better target their marketing to potential customers. The second-generation service, www.BoatOwnersList.us, which replaces the earlier version called Captain Hook, launched two years ago, allows companies to narrow their direct marketing by boat category, make and location. Yacht…more
The Consumer Confidence Index fell to an all-time low in December after increasing moderately in November, according to a report released today by The Conference Board. “The further erosion of the Consumer Confidence Index reflects the rapid and steep deterioration of economic conditions that occurred in the fourth quarter of 2008, said Lynn Franco, director…more