Oil yesterday posted a record one-day gain of $16.37 a barrel, trading as high as $130 before closing at $120.92. The gain surpassed the previous single-day price increase of $10.75, which occurred June 6. This morning, oil was trading at $107.30 a barrel. Last week, oil prices had dropped below $100.
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.
John Kujawa, an engineer with more than 20 years in product development, operations and marketing, has founded Lumitec, a designer and manufacturer of marine LED lighting. Headquartered in Delray Beach, Fla., Lumitec offers a full range of configurable marine LED lighting. “We had extensive conversations with several boat manufacturers to find out what they really…more
Fort Lauderdale-based Island Global Yachting opened a European headquarters in Barcelona, Spain. The office will oversee the company’s operations and acquisition/development opportunities in the Mediterranean. IGY recently launched a strategy for expansion into this region and has added and/or will be adding new marina locations in Croatia, Greece and Turkey. “We are excited to open…more
John R. Dennison joined the Selene Annapolis Yachts staff in a multifaceted role that includes sales, marketing, brokerage, project management and consulting to Selene Annapolis customers and prospects. Dennison has more than 30 years of experience in the yachting industry. He has captained private power and sailing yachts to 125 feet and was captain of…more
DiscoverBoating.com was named the “Best Associations Website” by the Web Marketing Association as part of its 2008 International WebAwards competition. The WebAwards are presented annually at three different levels, and DiscoverBoating.com earned the highest-tier honor in its category, “Best of Industry.” “We were thrilled to learn DiscoverBoating.com swept the ‘Associations’ category of the 2008 WebAwards,”…more
New boat sales in South Florida fell 26 percent from the first half of 2007 to the first half of 2008, according to a story in the South Florida Business Journal. For the first half of this year, 4,000 boats were sold in the area, compared to 5,411 in 2007, the journal reports. The information…more
Imtra Marine Lighting, in conjunction with matching funds from the American Boat and Yacht Council, is sponsoring a grant program for new students enrolling in the Westlawn Institute of Marine Technology’s entry-level courses. Upon enrollment in specific courses, each new student will be awarded $200. The limited grants are available to all, but only until…more
The U.S. Superyacht Association, in partnership with the Marine Industries Association of South Florida, has organized a Captains Briefing to allow large yacht captains to communicate directly with U.S. federal agencies responsible for regulatory oversight and compliance. The briefing will be held at 5 p.m. Oct. 31 at the Captain’s Hideaway in the Seabreeze Room…more
This year’s International BoatBuilders’ Exhibition & Conference will again offer a one-stop shop for compliance engineers and managers who need clear answers from U.S. and international experts on all phases of regulations, standards and assessments. The IBEX Compliance & Standards Pavilion will feature almost a dozen exhibitors with expertise in national and international rules and…more
The SeaSafe Group has added Doral International Inc. to its list of clients. Based in Sarasota, Fla., SeaSafe is a warranty and service contract company specializing in component and comprehensive coverage for marine manufacturers and retailers. Doral builds sport yachts, express cruisers, sportboats and pleasure boats at facilities in Quebec and Ontario. Its partnership with…more