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.

Johnson Outdoors posts 4Q results

Johnson Outdoors reported a net loss of nearly $75 million for the fourth quarter, as well as a drop in sales. Net loss for the quarter was $74.6 million ($8.18 per diluted share) compared to net income of $900,000 ($0.10 per diluted share) for the prior year quarter. Net sales for the fourth quarter were…more

MBIA elects new officers

The Michigan Boating Industry Association elected new officers Dec. 4 during its Recreational Boating Educational Conference. Two new directors were elected to three-year terms on the board. They were: Kathleen Torresen, Torresen Marine in Muskegon and Steve Popkie, W. C. Beardslee, Harsens Island. Also elected for a second three-year term was Steve Remias, MacRay Harbor,…more

Morris Yachts founder loses battle with cancer

Morris Yachts founder Thomas Morris died Sunday at his home in Southwest Harbor, Maine. He had been diagnosed with cancer in the summer of 2007. Born in Philadelphia in 1940, Morris developed a passion for sailing on the family’s A Class sloop. After an early career in business, he moved to Maine, where he set…more

NMRA gives scholarships to three Westlawn students

The National Marine Representatives Association recently awarded its first academic scholarships. Three students from the Westlawn Institute of Marine Technology were awarded these initial scholarships. Oren Niskin, Andrew Grossi and Frederick Richardson are all currently enrolled in one of the four modules in Westlawn’s professional yacht- and boat-design program. Each was awarded $1,500. The NMRA…more

Chaparral, Burger honored by magazines

Chaparral Boats and Burger Boat Co. each were recently recognized with awards. Chaparral, a wholly owned subsidiary of Marine Products Corp., won Boating magazine’s 2008 Boat of the Year award for its new 400 Premiere Sport Yacht. “No boat has exceeded our standards for breaking new ground like the Chaparral 400,” said vice president and…more

Changing Places

Eric C. Goodwin was appointed assembly manager at Regulator Marine. Goodwin will lead the day-to-day post-lamination construction and assembly efforts for Edenton, N.C.-based Regulator. He has been with the company for nearly six years and most recently headed the engineering efforts in the assembly department. He also served in critical engineering roles in the launch…more

Florida online boating forum up and running

A free online community was created for Central Florida boaters called BoatBrevard.com. The site allows boaters to find out about hot spots, islands and upcoming events, as well as share photos, plan get-togethers and share knowledge and experiences. There are more than 40,000 registered boaters in Brevard County, and the site provides an opportunity for…more

MATES returning to volunteer structure

Beginning Jan. 1, the Marine Association for Technology Exchange Standards will return to a volunteer management structure, as the National Marine Manufacturers Association withdraws its staffing support due to its own financial constraints. John Warnik, an NMMA staffer who served as executive director for MATES, among other duties, was part of the layoffs announced by…more

Changing Places

Jim Johnstone joined the Westbrook, Conn.-based Gowrie Group of Companies as a producer in the boat/yacht department. Johnstone brings extensive marine and sailing industry expertise that will enable the firm to broaden its reach into the boating market and the Rhode Island community served by Gowrie’s Newport office, according to the marine insurer. For the…more

Brunswick earnings estimates reduced

Analysts from Wachovia Capital Markets are lowering their earnings estimates for Brunswick Corp. because of the continuing economic situation, which likely will necessitate further boat and engine production cuts. The investment firm is lowering its estimates to a loss of $1.59 per share for fiscal 2009, compared to a previous loss estimate of 30 cents…more

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