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.
With local and state cooperation, the Ocean State is considered a great place to run a marine business Spanning just 1,045 square miles, Rhode Island is the smallest state in the union. Despite its compact geography, however, the Ocean State holds itself up as one of the best places in the country for marine businesses.…more
Phase II of the Montauk (N.Y.) Yacht Club Resort and Marina renovation has started, according to the owner, Island Global Yachting. Phase II of the multimillion-dollar renovation, which began during the offseason last year, coincides with the resorts 80th anniversary and includes enhancements to the Montauk Yacht Clubs guest rooms and suites, public spaces, and…more
The Washington State Recreation and Conservation Funding Board recently awarded more than $12.3 million in grants to help improve boating facilities and trails in 33 counties. Ninety projects received funding. Washington is known for its great outdoor opportunities, said Val Ogden, chair of the Recreation and Conservation Funding Board. But they dont take care of…more
Dr. Shrink, an international supplier of shrinkwrap and installation accessories, chose Hansen Marine as its new distributor in Sweden. “With 24 hours of sunlight in the summer and 24 hours of darkness in the winter, Dr. Shrink products are perfect to protect boats and other outdoor equipment in these extreme conditions,” said Mike Stenberg, president…more
Burger Boat Company has begun construction of hull No. 508, a 140-foot, tri-deck motoryacht. The yacht is being built using modular construction processes, in which each module is built to increase access to the various components while providing the ability to start outfitting each module earlier in the construction process. Scheduled for a spring 2010…more
With the current state of the U.S. economy, abandoned boats are becoming more of a problem from California to Maine, according to a recent report. Boats are considered a barometer of consumer confidence, disposable income, and the state of the economy. Now, marina and other officials are reporting an increase in the number of deserted…more
Trade Only Today will not publish today in observance of Thanksgiving. We wish everyone a safe and happy holiday. The newsletter returns Friday.
Water-sports boatbuilder Tigé Boats of Abilene, Texas, laid off 25 workers, reducing its work force to 75. The layoffs, made earlier this month, were the third such action in the last year, according to a report in the Abilene News Reporter. Tigé released 49 assembly line workers in March, another 14 in late summer, and…more
Danish sailmaker Elvstrom Sails was sold to a group of private investors led by triple Olympic medalist and Americas Cup skipper Jesper Bank and Elvstroms former CEO Claus Olsen. The group purchased the company from Peter Jorgensen, who acquired the company a year and a half ago. Olsen will assume the role of CEO and…more
Zebra mussels have been discovered at the Conowingo Hydroelectric Dam in Maryland; the first time it has been found in the lower Susquehanna River. The mussel, about a half-inch in size, was found inside a water intake at the hydroelectric plant while monitoring juvenile shad migration on the river. It had not yet attached itself…more