Light, sweet crude oil opened below $100 this morning, at $95.80, in trading on the New York Mercantile Exchange. It closed Friday at $101.18. Oil reached its 52-week high in July, selling at $147.35. Last Sept. 14, it was selling at $73.18, its 52-week low. For information, click here.
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.
Search-and-recovery efforts continue today in Texas in the wake of Hurricane Ike, which slammed into the coast early Saturday morning. More than 2,500 search-and-rescue missions have already been completed, according to the Federal Emergency Management Agency, and when these missions are completed, emphasis will shift to recovery and rebuilding efforts. For full coverage on these…more
Prominent naval architect Olin J. Stephens II, who designed more than 2,200 cruising and racing yachts, died Saturday in Hanover, N.H. He was 100. Stephens designed lines of yachts as diverse as Dorade, a 52-foot yawl that prompted a ticker-tape parade in New York after winning the 1931 Trans-Atlantic Race, and Ranger, a 135-foot J-Class…more
Reichhold appointed the Azelis Group (trading as Broste) as its exclusive distributor for the Nordic region (Norway, Finland, Sweden, and Denmark). Reichhold will maintain its own commercial and technical structure to serve users of Reichhold products either directly or through the Broste distribution channel. The new distribution agreement is expected to be finalized and come…more
The International Superyacht Society announces that Dockwise Yacht Transport and Sony Electronics have joined its list of bronze sponsorships. Bronze sponsorships are dedicated specifically to ISS’s instructive programs. Bronze sponsors include Interlux, Lewis Marine, Royal Huisman and Show Management. This year, ISS is presenting a day of crew and industry educational forumsat its Yacht Industry…more
The International Marina Institute has released its agenda for the eighth National Dry Stack Conference, set for Oct. 26-28 in West Palm Beach, Fla. Conference topics include “What’s New in Forklifts,” “Financial Feasibility of Dry Stack Storage” and “New Dry Stack Developments,” with speakers addressing both international and domestic operations. The conference is followed by…more
Brendan Dooney joined Northrop and Johnson as a broker, and Allyson Simonton joined the company as an administrative assistant. Dooney previously worked at H&S Yacht Sales and brings 20 years of experience to his new position. Simonton was involved in raising interest in the West Coast boat show, YachtFest. With a background in public relations…more
Texas is bracing for Hurricane Ike, which is expected to make landfall late tonight or early tomorrow morning. At 8 a.m. EDT Ike was about 365 miles east of Corpus Christi and about 230 miles southeast of Galveston. The Category 2 storm was moving west-northwest at 13 mph, with maximum sustained winds near 105 mph.…more
More than $120,000 worth of boats were awarded to three winners last weekend as part of the Northwest Marine Trade Association’s regional Grow Boating campaign. Two boats were awarded last Saturday to grand prize winners of the 2008 Northwest Salmon Derby Series. Jim Hardey of Tacoma, Wash., was the winner of the adult division prize…more
Thomas B. Crowley Jr., chairman, president and CEO of Crowley Maritime Corp., will be honored Oct. 29 with Mystic Seaport’s third annual America and the Sea Award in New York City. The award, which will be presented during a dinner at the Rainbow Room, recognizes an individual or organization whose contributions to the history, arts…more