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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.

CFO says marine companies are hurt by tax laws

The inconsistency of state laws regarding tax nexus puts marine companies “at a distinct disadvantage, not only with domestic manufacturers, but foreign manufactures as well,” according to Mark Ducharme, chief financial officer and vice president of Monterey Boats. Ducharme testified Tuesday at a hearing of the House Judiciary Committee’s Subcommittee on Commercial and Administrative Law.…more

Latitude, Honda talking about joint venture

Latitude Industries, a Miami-based manufacturer of offshore high-performance sport- and center-console boats, entered into negotiation talks with Honda Marine to have the engine maker provide outboards for its boats. With models ranging from 2- to 225-hp, Honda Marine’s line of production models meets California Air Resources Board 3-Star standards, ensuring their availability and regulatory compliance…more

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Motoryacht debuts at Newport, R.I. forum

A classic Trumpy 63-foot motoryacht has emerged from a nearly complete bow-to-stern refit in just 37 days to serve as a floating showcase for marine products at select East Coast U.S. boat shows. The yacht, Showtime, made its debut Tuesday at the American Superyacht Forum in Newport, R.I. It will be open for public tours…more

Changing places

Performance Metals appoints Richard Greco Jr. to the company’s board of directors; Navico, a market leader in marine electronics for the recreational boating segment, promotes John C. Bay to chief marketing officer. Performance Metals appointed Richard Greco Jr., former assistant secretary of the Navy, to the company’s board of directors. As the assistant secretary of…more

Merger creates new St. Petersburg boat show

Veteran show producers Show Management of Fort Lauderdale and Sail America of Middletown, R.I., have combined two longstanding boat shows into one all-new “super show” now called St. Peterburg Boat Show & Strictly Sail. A projected crowd of 25,000 is expected to attend the Dec. 4-7 event in St. Petersburg, Fla. Under the terms of…more

Fort Lauderdale project mired in lawsuit

A proposed development project for Fort Lauderdale, which resulted in a lawsuit filed against the city by developers, is on hold. The project, called The Sails, would have replaced an 8.5-acre parcel with a new, state-of-the-art, hotel, office and marina. The Sails is a $100 million investment with secured funding to be located at the…more

Eastern Florida companies merge

Hell’s Bay Boatworks of Titusville, Fla., merged with Gordon Boatworks of Oak Hill, Fla. No purchase price was disclosed. All Gordon Boatworks’ models and intellectual property will move to the Hell’s Bay plant. In addition, Hell’s Bay is bringing back veteran fishing boatbuilder Tom Gordon, plus two of its classic shallow-water performance skiffs. “We’re very…more

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Changing places

ASA Electronics, an Elkhart, Ind.-based manufacturer of mobile audio and video equipment, hired Aaron Irions as its new product/business development manager. Irions will develop and investigate new business opportunities within, as well as outside, normal business channels. His job responsibilities also will include researching competition and coordinating with ASA engineering on proposed product design and…more

Harris Battery expands to the West Coast

Harris Battery Co. of Bolivar, Ohio, expanded its operations to the West Coast with the acquisition of the Los Angeles branch of Discover Energy, a global leader in stored energy products. Harris Battery’s new California operation features a 6,000-square-foot regional distribution center in Westminster and a sales office in San Francisco. The market area served…more

Industry will push House for small-business help

The House Judiciary Committee’s Subcommittee on Commercial and Administrative Law will hold a hearing Tuesday afternoon on H.R. 5267, the Business Activity Tax Simplification Act of 2008.   Mark Ducharne, vice president and chief financial officer of Monterey Boats in Williston, Fla., is scheduled to testify at the hearing. He will support the passage of…more

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