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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.

AMI sets date for annual meeting

The Association of Marina Industries annual members meeting will be 11:15 a.m. to 12:15 p.m. Jan. 26 in the Fort Lauderdale Convention Center, Floridian Ballroom C. The meeting takes place at the 2009 International Marina & Boatyard Conference. The following nominations for the 2009 board of directors and officers will be considered and voted upon…more

Textron exits floorplan financing

Textron Inc. will exit all of Textron Financial Corporation’s commercial finance businesses, including floorplan financing for marine dealers, through a combination of orderly liquidation and selected sales, the company announced. The company previously indicated that TFC would be exiting its Asset Based Lending and Structured Capital segments, as well as several additional product lines, representing…more

South Bay offers Evinrude financing promotion

South Bay Pontoons has partnered with Evinrude for a 100th anniversary sales event. The sales promotion offers the consumer a five-year BRP factory-backed warranty and a special low consumer-financing program. The promotion begins Jan. 1 and runs through April 15. Consumers who purchase and take delivery of eligible engines from a participating South Bay dealer…more

Polar Kraft’s TX 175 bass boat receives honor

Polar Kraft of Elkhart, Ind., received a 2009 Excellence in Design Award from Trailer Boats for the company’s TX 175 Pro bass boat. The award was for the Boats Under $25,000 category. According to Trailer Boats, the TX175 Pro Bass is “a tricked-out, well-made fishing boat that performs well with the minimum — not maximum…more

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

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