U.S. bans private vessels from traveling to Cuba
Administration says Cuba is supporting U.S. adversaries in Venezuela and Nicaragua. NMMA said boat travel should have “parity in treatment” with air travel.
International News
The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.
U.K. reports double-digit gains in 2018 exports
But industry remains nervous about potential fallout from Brexit.
Metal Shark opens Croatia facility
First location outside the U.S. will have nearly 20 employees.
Brexit deal rejected — again
EU chief says risk of disorderly exit “has never been higher.”
ICOMIA publishes Brexit guide
United Kingdom’s parliament rejects withdrawal agreement.
Bahamas ferries under fire for threatening environment
Vessels stirring up silt and mud in “pristine waters.”
Our Big, Blue Boating World
Trying to get a handle on the global recreational boating market can be difficult, particularly because not all countries report financial data.
MCE Marine Group adds DragonShore Ltd as sales and service agent
The Taiwan- and Hong Kong-based company will represent MCE Marine’s line of Newmar chargers, inverters, DC converters and related power control equipment.
Trade diplomat: Boatbuilders need a ‘Plan B’
With the U.S. engaged in a trade war, Rebecca Torres said builders have to look at sourcing from other countries and selling to other countries.
Cox Powertrain leases production facility for diesel outboard
The company said the engine will go into production in Q2 2019.
Chinese yacht builder to use CMC Marine stabilizers
It’s the first time CMC products have been used in the Far East market.
NMMA: Trade war puts American jobs at risk
Additional tariffs on $200 billion worth of Chinese products ‘misses the mark of the intended objective.’
NMMA: ‘No way to weather the storm’ with 25 percent tariff
Nearly 300 marine-related products will immediately cost 25 percent more.
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.
Victory Yacht Sales opens office in Miami
Victory Yacht Sales, a subsidiary of Victory Marine Holdings (OTCPK:VMHG) has completed its merger and unveiled a new trading symbol.
Dutch superyacht yards set records in 2017
Statistics for 2017 show that the superyacht market in Holland grew by almost eight percent over the previous year, as deliveries increased from 21.6 percent to 30 percent.
West Marine sponsors party at Volvo Ocean Race
West Marine will sponsor Sail Newport’s Stars and Stripes Spring Celebration party tomorrow night at the Ocean Race Club in Newport, R.I.
ICOMIA large yacht group meets
The International Council of Marine Industry Associations Large Yacht Working Group met April 24 and 25 in Barcelona, Spain, to further develop existing approved ISO work items and revise published large-yacht standards.
Canadian industry leaders meet with members of Parliament
The National Marine Manufacturers Association Canada headed to Ottawa on April 25 to take part in a total of 37 meetings with Canadian government officials in the annual “Day On the Hill.”
Lauderdale Marine Center expands Foreign Trade Zone
Lauderdale Marine Center has received Production Authority under its existing Foreign Trade Zone. Provided by the U.S. Customs & Border Protection, the designation is the first of its kind in the recreational marine industry and it allows work to be performed on international vessels while they are in the FTZ.
ICOMIA names Evinrude’s Wasil chairman of engine committee
The International Council of Marine Industry Associations Marine Engine Committee has appointed Jeff Wasil, of BRP and Evinrude, as its chairman and Tom Tveitan, senior engineer at Volvo Penta vice chair.
ICOMIA announces dates and location for 2018 conference
The International Council of Marine Industry Associations’ World Marinas Conference, which will be held in Athens, Greece, Oct. 25-27, has released program details and opened registration.