Boatsetter reports milestone after Cruzin merger

The boat-sharing company Boatsetter said it reached a milestone of forming more than 165 marina partnerships.
Author:
Updated:
Original:

The boat-sharing company Boatsetter said it reached a milestone of forming more than 165 marina partnerships, having recently merged with peer-to-peer boat rental company Cruzin.

Unlike fractional ownership or charter fleets, boat-sharing vessels are privately owned and maintained. Boats that might otherwise rarely leave the dock are now being put to use on Boatsetter.com. For a marina, this increase in activity translates to income.

Empty slips are filled, additional fuel is sold, service and storage dockets remain full, and retail and dining traffic increase. If a marina has attached boat sales, many dealers are listing their vessels with Boatsetter to create try-it-before-you-buy-it scenarios that are successfully generating profits, the company said.

Boatsetter said top marinas across the country have joined with it because they say there is a rise in revenue and customer base growth.

"It's highly strategic," Boatsetter CEO Jaclyn Baumgarten said in a statement. "If we get more people actively participating in boating, we end up stimulating the marine economy in a very significant way. Marinas, a major segment of the industry, see the long-term financial benefits of embracing boat-sharing."

Boatsetter said it has created a robust partnership network, including Almar Marinas; Aqua Marine Partners; Bestinboating.com; BoatUS; Brewer Yacht Yards and Marinas; Conch Harbor Marina Key West; Denison Yacht Sales; Flagship Marinas; Gulfstream Boat Club; Loggerhead Marinas; Marinas International; Morningstar Marinas; National Liquidators; Palm Beach Yacht Center; Sea Tow; Suntex Marinas; Vessel Vanguard; and Westrec Marinas.

Boatsetter said it brings owners, renters and Coast Guard-licensed captains together to create a boat rental community.

The company said it has thousands of boat listings of all varieties located in boating destinations worldwide. Each transaction features insurance coverage and on-water towing and assistance.

Related

Boat Demand Remains Strong, But Inventory Shortages Prevail

Dealers worry that the absence of new boats is driving up prices.

Electric Boat Company Completes IPO Process

Canada-based e-mobility outfit Vision Marine raises $27.6 million to reinvest in its line of electric vessels and 180-hp, E-Motion outboard.

Besenzoni Introduces Electric-Powered Gangways

The company says it will introduce electric power across its line of ladders, tender lifts and more.

Quick Hits: November 30, 2020

Newmar celebrates 50 years; Pebble Mine permit denied by Army Corps; and several yacht builders will feature Raymarine.

NTSB Calls for Safety Changes After Dive Boat Fire Killed 34

Recommendations included interconnected smoke detectors and alternative escape paths.

Boat Registrations Continued to Soar

Strong demand continued through September.

2020: A Timeline

Changes ahead, changes behind: A long, strange year.