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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.

Torqeedo honored for first-year operations

Torqeedo, a German-based electric outboard manufacturer with a U.S. office in Hawthorn Woods, Ill., was awarded Start-Up of the Year by Deutscher Gruenderpreis. More than 100,000 companies are founded in Germany every year. Of those, 130 were nominated for the Start-Up of the Year award. This marks the first time the award was given to…more

Dealer digest

Thunder Marine announced the opening of its newest location in Englewood, Fla. The new location at the Harbor at Lemon Bay carries the boat and yacht lines of Four Winns, Hydra-Sports, Riviera and Silverton. “This expansion has come at a perfect time and is only Phase One in our company’s plan to grow market share,”…more

MBIA members get 7.5 percent insurance dividend

Sixty Michigan Boating Industries Association members have received insurance dividends.  The members participated in the MBIA-endorsed Great Midwest Insurance Co. program, and were qualified to receive $72,290 in dividend checks. The dividends are a result of members’ efforts to reduce risks within their businesses to protect employees and customers, and help reduce claims.  ”We are…more

Boat association offering online quote service

National Boat Owners Association (NBOA Marine Insurance) has launched a new Web site at: www.nboat.com. The site will streamline the quote-request process and provide boat owners with competitive, quick-response rates. The NBOA aims to educate boat owners by providing industry insight, custom towing programs and specialized insurance services online. The site’s key feature is an…more

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Bertram Yacht turns to eco-friendly products

Bertram Yacht says it effectively eliminated the use of acetone from its manufacturing processes, a major step in Bertram’s ongoing implementation of “green” initiatives. Acetone is typically used by boat manufacturers in their production process for the cleaning of fiberglass, tools and equipment. Although it is an effective cleaning agent and the use of it…more

Calif. commission approves harbor-improvement funds

The California Boating and Waterways Commission recently approved nearly $6.4 million in grants and loans for the improvement of harbors. The commission approved a $5.3 million loan to fund improvements to the San Francisco Marina’s West Harbor. It also approved the transfer of $500,000 in loan funds already approved in fiscal year 2006-2007 for the…more

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Flooding leads to Midwest boating ban

Recreational boating has been banned in many parts of Iowa and the Midwest because of severe flooding. Boating is now prohibited on rivers and streams in Henry County and in the Skunk River in Washington County, according to the Iowa Department of Natural Resources. Similar bans by the U.S. Coast Guard also are in place…more

Changing places

Sea Recovery named Alex Koh, formerly with Unisteel Technology Ltd., to manage Asian-Pacific sales from its new Singapore office. The company hopes to build and improve its relationship with Asian boatbuilders and marine retailers by employing Koh, who is familiar with the customs and culture of the surrounding areas. Koh, who is fluent in English…more

Michigan boating foundation awards student scholarships

The Recreational Boating Industries Educational Foundation recently awarded $7,500 in scholarship funds to 12 students for the 2008-2009 school year.   The RBIEF scholarship fund was developed in 1984 by the Michigan Boating Industries Association as a support program for students interested in pursuing careers in the recreational boating industry.   With this grant, the…more

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