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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.

Stock exchange says Fountain still not in compliance

Fountain Powerboat Industries received notice Nov. 5 from the NYSE Alternext US, successor to the American Stock Exchange, that the company is not in compliance with one of the exchange’s standards for the continued listing of the company’s common stock. Specifically, the notice states “The company is not in compliance with Section 1003(a)(i) of the…more

The Edmund Fitzgerald sank 33 years ago today

Today marks the 33rd anniversary of the sinking of the SS Edmund Fitzgerald on Lake Superior. On the evening of Nov. 10, 1975, the 729-foot ore carrier went down with a full cargo of taconite pellets during a severe storm. The ship sank approximately 17 miles from the entrance to Whitefish Bay, Mich. All 29…more

Prospec announces changes to rep lineup

South Carolina-based Prospec Electronics brought on independent rep group Silverlake West Company and awarded current rep Thomas H. Connolly & Sons territory in Canada. Silverlake West Company will offer Prospec’s line of marine products and accessories, including SeaWorthy, Milennia, Infinity and JBL. It will cover Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, New Mexico, Nevada,…more

Yamaha Marine to sponsor FLW Outdoors and BASS

Yamaha Marine Group signed new agreements with FLW Outdoors and BASS. Under the new agreement with FLW Outdoors, Yamaha will be an official engine sponsor of the FLW Tour, FLW Series, FLW Stren Series, BFL, FLW Walleye Tour, FLW Walleye League and FLW College Fishing. The company has amended its three-year agreement with BASS, and…more

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Changing Places

Regulator Marine appointed Al Partin as its new manager of customer service to replace Cheryl Williams, who is retiring after 18 years with the company. Williams has served in many capacities at the Edenton, N.C.-based company, including heading up customer service responsibilities for the last four years. She is credited with helping Regulator become the…more

Trailer maker closing Michigan plant

Eagle Trailers manufacturer HLT Ltd. is closing its smaller plant in Homer, Mich., to reduce overhead and be more competitive. “It makes sense to cut our overhead,” Jeff Harklau, vice president of sales, told Soundings Trade Only this morning. Effective immediately, HLT will consolidate trailer production to its larger plant in Humboldt, Iowa. Since the…more

Edson president enters the blogosphere

Edson Marine, of New Bedford, Mass., launched a blog hosted by company president Will Keene. “We all know that boaters are as passionate as anyone about their hobby and lifestyle, so this is a place where we can talk sailing, fishing and our favorite harbors — much like we would over drinks in the cockpit…more

Dealers and Distributors

Fort Lauderdale-based Paradox Marine appointed Barrow International to develop and support the European distribution network for the company’s wireless boat security, tracking and monitoring systems. Based in England, Barrow International has more than 30 years experience in marine industry distribution. Paradox Marine will be at the Marine Equipment Trade Show in Amsterdam later this month…more

Morris Yachts reports strong fall sales

Morris Yachts is reporting strong new-boat sales for September and October. The Bass Harbor, Maine, builder closed on three M36 sailboats and one M42, according to information on the company Web site. Also, contracts were signed and deposits taken for an Ocean Series Morris 38 and Morris 42. The company says interest has been strong for…more

Mako Marine International closing plant

Mako Marine International, a subsidiary of Tracker Marine Group, is planning to close its Forest City, N.C., plant and lay off 125 workers after Christmas. “The boating business throughout North Carolina has made our production schedule an unattainable objective,” said Chuck Yarbrough, human resources head for Tracker Marine Group, in a letter to state officials.…more

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