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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.

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

Unemployment rate hits 6.7 percent

Employers shed 533,000 jobs in November, the largest drop in 34 years, the Department of Labor reported this morning. That brings the unemployment rate to 6.7 percent — a 15-year high — compared to 6.5 percent the previous month. November’s drop in payroll employment followed declines of 403,000 in September and 320,000 in October, as…more

J/Boats hands out Leadership Award

Jim Bishop of New York City was presented the 2008 J/Boats Leadership Award during the annual J/44 awards party at the New York Yacht Club last month. “Behind every successful one design there’s a person that’s the glue, the visionary, the life of the party,” said Jeff Johnstone, president of J/Boats, in a statement. “Since…more

Dealers and distributors

Dr. Shrink, the Manistee, Mich.-based supplier of shrinkwrap and installation accessories, has chosen Hansen Marine as its new distributor in Sweden. “With 24 hours of sunlight in the summer and 24 hours of darkness in the winter, Dr. Shrink products are perfect to protect boats and other outdoor equipment in these extreme conditions,” said Mike…more

AMI getting kids involved in National Marina Day

The Association of Marina Industries partnered with the National Youth Marine Alliance for next year’s National Marina Day, scheduled for Aug. 8. The NYMA invites marinas to participate in Preserve America’s Waterways, led by the Boy Scouts of America, another NYMA partner. This national initiative was set up to help marina operators host a youth…more

ACR recalling some emergency beacons

ACR Electronics of Fort Lauderdale is voluntarily recalling some of its GlobalFix iPRO EPIRBs because a “small percentage” of them may not activate manually. ACR discovered that some of the witness seal tabs used in the manual activation of the GlobalFix iPRO required excessive force to put the switch into its correct position. The water…more

S.C. ordinances extend tax-free time limit on boats

South Carolina’s coastal counties are moving quickly to approve ordinances allowing boats to stay in their waters up to 180 aggregate days in a single tax year. The ordinances reverse a state law passed about five years ago that cut the time limit to 60 days, or 90 aggregate days in a single tax year.…more

MRAA hands outs scholarships, names board

The Marine Retailers Association of America’s Educational Foundation presented two Technical Scholarship awards at its recent conference in Las Vegas. Thomas Dempsey, a Massachusetts native and a student at The Landing School in Arundel, Maine, received a $3,000 scholarship. Dempsey has an associate’s degree in business administration and has worked as a deckhand on the…more

Changing Places

The Recreational Boating & Fishing Foundation appointed Nancy Logan as its new vice president of industry growth initiatives. Logan will oversee the development and management of RBFF’s program income opportunities and serve as the primary liaison to the boating and fishing industries. She also will provide strategic direction, develop and direct industry-targeted programs and coordinate…more

US Sailing symposium scheduled for next month

US Sailing will host its National Sailing Programs Symposium, “Changing Lives Through Sailing,” Jan. 7-11 in San Diego. The symposium offers sessions on a range of topics, from the basics of starting a sailing program to optimizing an already successful program. Joni Palmer, of the U.S. Naval Academy Sailing Program, will deliver the opening keynote…more

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