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.

Department of Labor releases December employment numbers

The unemployment rate rose from 6.8 to 7.2 percent last month, the U.S. Department of Labor reported today. Payroll employment fell by 524,000 during the month and by 1.9 million in the last four months of 2008. In December, job losses were large and widespread across most major industry sectors, according to the government. Since…more

Tricon Marine opens shipyard in China

Tricon Marine, a builder of FRP/composite luxury yachts to 180 feet, completed construction of what it says is China’s “first and only” wholly North American owned-and-operated shipyard, located outside the city of Zhuhai in China’s Guangdong province. Yachts currently under construction have been moved to the new facility, including Tricon’s next launch, a 92-foot offshore performance…more

IMBC will feature seminar on the economy

A seminar on the economy, presented by J. Antonio Villamil, a former U.S. undersecretary of commerce for economic affairs, will take place at the upcoming International Marina and Boatyard Conference, set for Jan. 25-28 in Fort Lauderdale. Villamil will provide an outlook for 2009 and 2010 and concentrate on economic indicators that are important to…more

Changing Places

Chris Lufkin joined Cairo, Ga.-based Sailfish Boats as director of dealer development/sales manager in charge of New England, Great Lakes, Eastern Canada and international sales. Lufkin has more than 18 years of experience in the marine industry, and most recently served as director of sales and marketing for Albemarle Boats. Sailfish Boats is a leading…more

Tough times at Goetz

Eric Goetz Custom Sailboats, of Bristol, R.I., was petitioned into receivership, effective Jan. 6. The receivership was the result of ongoing cash flow problems caused by the company’s inability to obtain refinancing and by the termination of a construction contract by one of the company’s international customers, according to the company. In order to preserve…more

Smoker Craft/Starcraft uses Grow Boating funds for rebates

Smoker Craft/Starcraft Marine announced plans to use its Grow Boating funds for consumer rebates of $2,000 on select boat packages. The promotion runs through Feb. 28. “We recognize that the first quarter of 2009 faces some hurdles, but know that there will still be buyers in the market this year,” said Phil Smoker, vice president…more

Web award judges named; deadline for entries set

Judges have been announced for the 2009 North American Marine Industry Web Awards, and the deadline to enter has been extended to Feb. 10. The awards are co-sponsored by Boats.com, YachtWorld.com, the National Marine Manufacturers Association, and Soundings Trade Only. Judges include Jorian Clarke, Adam Heneghan, Larry Rains, and Fernando Regueiro. Clarke is founder and…more

Capital One ends marine retail lending

Capital One has pulled out of marine retail lending, according to Jim Coburn, vice president of consumer lending at Flagstar Bank and president of the National Marine Bankers Association. Several calls made to Capital One were not returned, although three industry insiders, including one Capital One employee, confirmed the bank is no longer taking marine…more

2009 Everett Boat Show cancelled

The Northwest Marine Trade Association is suspending the Everett (Wash.) Boat Show, which was to be held the first weekend in March. Of the 23 past exhibitors who participated in a survey, only four boat dealers indicated they would display at a 2009 Everett show, which is billed as “100,000 square feet of affordable, family-friendly…more

Mercury trims staff at Oklahoma plant

About 70 employees at the Stillwater, Okla., Mercury MerCruiser plant were laid off at the end of 2008, a company spokesman confirmed to Soundings Trade Only. The reduction in staff, which followed the layoffs of nearly 200 people last summer, was in response to current market conditions, the company said. The Stillwater plant manufactures sterndrives.…more

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