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
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.
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
Oil yesterday posted a record one-day gain of $16.37 a barrel, trading as high as $130 before closing at $120.92. The gain surpassed the previous single-day price increase of $10.75, which occurred June 6. This morning, oil was trading at $107.30 a barrel. Last week, oil prices had dropped below $100.
John Kujawa, an engineer with more than 20 years in product development, operations and marketing, has founded Lumitec, a designer and manufacturer of marine LED lighting. Headquartered in Delray Beach, Fla., Lumitec offers a full range of configurable marine LED lighting. “We had extensive conversations with several boat manufacturers to find out what they really…more
Fort Lauderdale-based Island Global Yachting opened a European headquarters in Barcelona, Spain. The office will oversee the company’s operations and acquisition/development opportunities in the Mediterranean. IGY recently launched a strategy for expansion into this region and has added and/or will be adding new marina locations in Croatia, Greece and Turkey. “We are excited to open…more
John R. Dennison joined the Selene Annapolis Yachts staff in a multifaceted role that includes sales, marketing, brokerage, project management and consulting to Selene Annapolis customers and prospects. Dennison has more than 30 years of experience in the yachting industry. He has captained private power and sailing yachts to 125 feet and was captain of…more
DiscoverBoating.com was named the “Best Associations Website” by the Web Marketing Association as part of its 2008 International WebAwards competition. The WebAwards are presented annually at three different levels, and DiscoverBoating.com earned the highest-tier honor in its category, “Best of Industry.” “We were thrilled to learn DiscoverBoating.com swept the ‘Associations’ category of the 2008 WebAwards,”…more
New boat sales in South Florida fell 26 percent from the first half of 2007 to the first half of 2008, according to a story in the South Florida Business Journal. For the first half of this year, 4,000 boats were sold in the area, compared to 5,411 in 2007, the journal reports. The information…more
Imtra Marine Lighting, in conjunction with matching funds from the American Boat and Yacht Council, is sponsoring a grant program for new students enrolling in the Westlawn Institute of Marine Technology’s entry-level courses. Upon enrollment in specific courses, each new student will be awarded $200. The limited grants are available to all, but only until…more