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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: Brunswick’s new credit will calm fears

Brunswick Corp.’s new $400 million revolving credit facility should help calm liquidity fears, according to an analyst who covers the company. “Although the company does not have any outstanding borrowings on this facility, the amendment provides added financial flexibility,” wrote Edward Aaron, of RBS Capital Markets. “Clearly business trends remain extremely difficult, and results are…more

Brunswick: New credit facility ensures liquidity

Brunswick Corp. secured a new $400 million revolving credit facility last Friday to ensure more liquidity and financial flexibility in the current downturn. “We believe the amount available under this facility, combined with the cash on our balance sheet as well as recent and future cost-savings efforts, should provide us the necessary liquidity to manage…more

US Sailing picks year’s top athletes

US Sailing chose five Olympic and Paralympic Games medalists as Athletes of the Year for their achievements this year. Olympic gold medalist Anna Tunnicliffe of Plantation, Fla., and Olympic silver medalist Zach Railey of Clearwater, Fla., were named Sportswoman and Sportsman of the Year, respectively. Paralympic gold medalists Nick Scandone of Fountain Valley, Calif., and…more

NTSB safety course still has openings

Seats are still available for the National Transportation Safety Board’s course, Marine Accident Investigation for Marine Professionals, scheduled for Jan. 26-30 at the NTSB Training Center in Ashburn, Va. The weeklong course covers the board’s processes and procedures during a major marine accident; reviews human factors, medical factors and electronic data elements in a marine…more

States report increase in angler licenses

Alabama and Colorado reported a 10 percent response rate from lapsed anglers after participating in the Recreational Boating & Fishing Foundation’s direct mail marketing program. “The Direct Mail Marketing Program has already contributed more than $3 million in funds for state conservation efforts and, as we collect more results, this number will continue to grow,”…more

Cruisers Yachts announces cutbacks

KCS International, which operates Cruisers Yachts, is permanently laying off 60 workers and extending a current layoff of 68 others, according to several media reports in Wisconsin. The company blames “the current unanticipated and dramatic major economic downturn” for the job cuts, according to paperwork filed with the state’s Department of Workforce Development. The company…more

Turning Point Propellers names new rep

Turning Point Propellers of Elk Grove Village, Ill., named a new sales representative, Atlantic Marketing Co. of Stonington, Conn. Established in 1965, Atlantic Marketing has six offices from Maine to Virginia. The firm has received numerous sales achievement awards and is active in industry associations. “We are pleased to join Atlantic’s roster of leading manufacturers…more

Sailboats at St. Pete show boosted attendance

The merging of Strictly Sail with the St. Petersburg Boat Show helped generate a 30 percent increase in attendance at the Dec. 4-7 event, according to organizers. “Our new joint show has been an outstanding success, bringing in record-breaking gate attendance as well as quality buyers for sail, power and booth exhibitors,” said Dane Graziano,…more

Oil prices continue free fall

Oil prices dropped below $40 a barrel yesterday, the lowest level in four years, because of falling demand. A day after the OPEC cartel announced it would cut crude production by an additional 2.2 million barrels a day, oil prices continued sliding, falling $3.84 to settle at $36.22 a barrel, according to a report in…more

NMTA honors Seattle Yacht Club

The Northwest Marine Trade Association recently presented its Latham L. Goble Award to the Seattle Yacht Club for its efforts to inspire boating and help grow the sport. Seattle Yacht Club helps promote boating in a number of ways, including an Opening Day celebration and Windermere Cup Crew Races, Special People’s Cruise on Christmas Ships,…more

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