Front Street Shipyard expands with purchase - Trade Only Today

Front Street Shipyard expands with purchase

Author:
Publish date:

Front Street Shipyard, on the Belfast, Maine, waterfront, announced it has purchased its neighbor, Belfast Boatyard.

The owners of Front Street Shipyard are welcoming the employees and customers of Belfast Boatyard while maintaining existing operations. The addition of Belfast Boatyard adds 500 feet of deepwater frontage, 22 slips, 20 moorings and harbor floats, increasing the yard's service and storage capabilities.

"We purchased Belfast Boatyard as part of a strategic growth plan," Front Street Shipyard president J.B. Turner said in a release announcing the purchase. "Our initial goal was to create a yard equipped to service most any yacht that visits northern New England. We've reached that goal."

The Belfast Boatyard property will eventually house Front Street Shipyard's business office and possibly crew accommodations. Front Street now has 72,555 square feet of space for storage and 10,320 square feet of shop space on a 6-acre property with 1,500 feet of waterfront. There are five storage buildings and an additional 6.5 acres of off-site storage.

Click here for the full release.

Related

E-nnovation Lab to expand at 2018 Metstrade show

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.

Aluminum, tow boats lead moderate growth in May

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.

Retaliatory tariffs on boats to EU start today

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.