The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.
Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.
Citing several economic indicators, one economist told Bloomberg News that the U.S. economy is “close to a peak” this quarter, after ten years of expansion.
Chrystia Freeland, Canada’s Minister of Foreign Affairs, acknowledged boating-industry concerns about Canadian tariffs on U.S.-manufactured boats that are set to go into effect on July 1.
Paint and coatings manufacturer AkzoNobel, opened a newly-constructed warehouse in La Porte, Texas.
Oceanair Marine has named Justine Heeley as its new managing director
CWR Wholsale Distribution named Jim Higgins as the company's New Jersey outside sales representative.
The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.
The National Marine Manufacturers Association in Canada has sent a letter to Prime Minister Justin Trudeau imploring him to not to impose retaliatory tariffs on boats imported to the country from the United States.
Canada’s tariffs on U.S.-built boats will cost Americans jobs, said Back Cove Yachts and Sabre Yachts sales and marketing vice president Bentley Collins.
The marine industry is “unusually fragmented,” and Chris-Craft president Stephen Heese thinks that will continue to change in the coming years.
Retaliatory tariffs by Canada and the European Union are prompting marine dealers abroad to cancel orders of U.S.-built boats — the result of a “self-inflicted wound” the government has imposed on U.S. manufacturers, according to the National Marine Manufacturers Association.
In many ways, Scott Porter, president of Formula Boats, is the quintessential marine executive.
West Marine has undergone numerous changes in recent months, having been sold to private equity firm Monomoy Capital Partners, and taken from public to private last fall.
The boating and fishing industries converged on Capitol Hill from May 9-11 for the American Boating Congress and the Center Focus on Washington, concurrent events that were packed with high-profile speakers and workshops as well as meetings on Capitol Hill.
Lou Martinez isn’t giving up fishing from his kayak, but he realized last summer that kayak angling didn’t always afford him the experience he wanted.
Jeff Napier, the first president of the National Marine Manufacturers Association, died at his home in Italy after suffering from Parkinson’s disease. He was 78.
When a load of journalists took a ride on a Grady-White Freedom 325 with Fusion Entertainment’s new Apollo stereo system, marketing manager Marcus Hamilton played a song that was considered a “good challenge” for its components.
A new social medial program is available for dealers.
The Marine Trades Association of Maryland is an example of how to advocate for the industry.
Great technicians don’t always have the best people skills.
Recreational anglers need to make sure their voices are heard.