Dom Yanchunas
Articles From This Author
Gas Reaches Record $4.59 Per Gallon Average
With Memorial Day weekend approaching, the summer driving and boating seasons will contribute to continued demand for gasoline.
Power Lodge Acquires Miller Marine
The deal gives marine and powersports dealer Power Lodge four locations in Minnesota and one in Florida.
Boating Shares Suffer in Market Selloff
Major U.S. stock indices weakened yesterday, and recreational marine shares fared even worse on a percentage basis.
Scania Appoints President of U.S. Operations
Company veteran Jorg Franzke replaces Håkan Sterner, who is returning to Sweden.
Azimut-Benetti Booked $2.1B in 2021 Backlog
The builder said new models and a “diversified product portfolio” drove sales growth to record levels.
Deadline Set for IBEX Innovation Awards
Organizers said entries for this year’s program must be completed by Aug. 16.
Webasto Posts Losses in FY 2021, Q1 of 2022
Although overall sales are growing, the company said strategic investments and lower China revenue resulted in persistent losses.
Yamaha Names Marketing Manager for WaterCraft
The company said Leslie Zlotnick will oversee advertising, public relations, digital marketing and events.
Evoy Announces New Round of Capital
The Norwegian electric inboard and outboard manufacturer said it will use the funds to further develop its propulsion systems.
Freedom Boat Club Expands in Wisconsin
Parent Brunswick Corp. said it will open five new locations for this year’s boating season.
Godfrey Breaks Ground on Expansion
The company said the additional manufacturing and warehouse space in Elkhart, Ind., will enable an increase in production.
Highfield USA Hires New President
The RIB builder said Christophe Lavigne will help develop the brand and operations in North America.
Gas Prices Soar to Record Highs
Oil supply concerns have lifted the average U.S. price of regular unleaded gasoline to $4.432 per gallon, according to AAA.
All-Women Team Designs New Sea Ray
Parent company Brunswick Corp. said the achievement highlights its successes in promoting diversity in the marine workforce.
Beneteau Reports Higher Boat Revenue, Flat Outlook
The builder said boat sales rose in the first quarter, with North American sales outperforming, but it did not change its full-year guidance.
Inflation Decelerates; Core CPI Up
The Labor Department reported that core CPI, which excludes food and energy, increased 0.6 percent in April after rising 0.3 percent in March.
LCI Reports Increased Sales, Profit
The company said net income more than doubled in the first quarter, and sales to marine manufacturers rose 49 percent.
MRAA Proposes ‘BOAT Jobs’ Apprenticeships
The association, backed by 26 marine organizations, is seeking a federal grant to fund the workforce development program.
NMMA Hands Out Leadership Award
Hammond Marine Industry Leadership Award recipient and former Dometic executive Ned Trigg was recognized for his service to the boating industry.
Malibu Reports Record Sales, Profit
The company said revenue and net income climbed, aided by increased selling prices and an unexpectedly high number of boats delivered.
Patrick Completes Acquisition of Diamondback
The wakeboard and ski tower manufacturer will continue to operate independently under the Diamondback Marine brand.
MarineMax Names Senior VP of People Strategy
The company said Beth Garland has the HR, management and leadership skills to increase business globally.
Maxxsonics Hires National Sales Manager
Chris Bennett has nearly three decades of experience in the audio and electronics sector.
Labor Talks Begin at West Coast Ports
With the supply chain already tight, longshoremen and cargo companies are to meet for contract negotiations tomorrow in San Francisco.
Polaris Names Marine Division President
Ben Duke succeeds Jake Vogel, who will stay on board as a strategic advisor.
U.S. Economy Added 428K Jobs in April
After a major market selloff yesterday, today’s monthly jobs report shows continued strength.
Yamaha’s Speciale Receives Conservation Award
President of Yamaha’s U.S. marine unit, Ben Speciale received the Conservation Achievement Award from the Theodore Roosevelt Conservation Partnership.
Fed Hikes Interest Rates 50 Basis Points
The Federal Reserve said higher rates are needed to bring inflation under control, and markets edged higher as investors signaled relief that the increase wasn’t more aggressive.
Senate Panel Approves Water Resources Bill
The bill provides key funding to the U.S. Army Corps of Engineers and includes reforms helpful to boating, according to the National Marine Manufacturers Association.
Senate Panel Approves Outdoor Recreation Bill
The American Sportfishing Association said the legislation will help protect and develop anglers’ interests on federal lands.
Dometic Reports Higher Marine Revenue
In its first quarter as a separate segment, the marine unit reported net sales of $150 million.
First-Time Boat Buyers Surpass 400K Again
An industry survey found 420,000 first-time buyers purchased new and used boats in 2021, approximately equaling the 2020 total.
MRAA Names Education Champions
The association said Boatline.com, 700Credit and Global Marine Insurance have committed to its second-highest membership level.
DEALERS: Are You Stocking More Preowned Boats?
This month’s Pulse Report survey asks about inventory shortages and retail trends. Take the survey here.
Torqeedo, Proton Motor Agree to Fuel Cell Venture
Torqeedo said it will integrate Proton Motor’s hydrogen fuel cell charging into its Deep Blue battery-electric drive system.
NMEA Announces Conference Schedule
The electronics association will hold its in-person Conference and Expo in Anaheim, Calif., Oct. 3-7.
Canada Modifies Luxury Tax Rules
NMMA Canada says the final legislation extends the exemption date and increases the price threshold for boats.
U.S. GDP Unexpectedly Shrinks in Q1
The Department of Commerce said government spending declined while most private-sector demand indicators strengthened.
Cobalt To Use Harman Kardon Audio System
The builder will install Harman’s new marine system on all boats that have the Platinum Series audio package, starting with the R33 sterndrive.
Brunswick Continues ‘Elevated’ Production Levels
The company reported an 18.3 percent increase in net sales for the first quarter, as it responds to demand by maximizing production.
MarineMax Raises Full-Year Earnings Guidance
The company reported record revenue, higher same-store sales and wider margins for its second quarter.
DEALERS: Are You Stocking More Preowned Boats?
This month’s Pulse Report survey asks about dealer inventories and procurement of preowned boats, along with other topics. Take the survey here.
Fire Ranger Acquired by Summit Fire
Fire Ranger, a Florida distributor of Sea-Fire Marine products, will focus on expanding nationally.
Yamaha Names Head of U.S. Outboard Sales
A 14-year veteran of Yamaha’s WaterCraft division, Ron Campbell succeeds John Rigby, who retired last month.
Polaris Reports Q1 Results
The company said sales in its marine segment increased, but profit margins narrowed because of supply-chain issues.
Stocks Plunge, Crude Oil Rises
Equity markets extended their April selloff yesterday, while crude pricing increased again.
Teakdecking Appoints VP of Global Sales
Christopher Stokes has specialized in commercial strategy, sales and branding in various maritime sectors.
Sea Tow Foundation Offers Boating Safety Kit
The free resources include safety tips, photos, videos and more to promote National Safe Boating Week.
USDA To Invest $800M on Outdoor Resources
The investment will fund infrastructure projects that are “crucial to healthy outdoor recreation economies.”
26 North Yachts Opens Brokerage in R.I.
Bill Powers will lead the new office in Newport.