Skip to main content

Marine industry advocate applauds Gulf oil spill report

The Clayton and Clayton Group, which represents more than 75 marine industry businesses affected by last year's oil spill in the Gulf of Mexico, said a recent federal report that blames BP and other companies for the catastrophe is a "win" for the industry.

“The month of September may become the most significant yet for our clients waiting for compensation from injury caused by the BP/Deepwater Horizon incident of April 20, 2010,” company president stated Glyn Johnston said in a statement.

This report, according to Clayton and Clayton, may help marine businesses more fully recover money they lost as a result of the spill. The company told Soundings Trade Only that many of its clients have received recovery offers and are evaluating whether to accept the offer or to go to court.

“Our attempt to be compliant to the needs of the Gulf Coast Claims Facility has been exhaustive,” Everglades Boats CEO Bob Dougherty said in a statement. “As the months passed, the continual ‘documents requests’ became more and more frequent and seemingly without merit. It was like they couldn’t find any way to attack our validated loss [of 2010 Gulf Coast business] from the oil spill, so they just kept requesting more information and causing delays, trying to wear us out.”

Lonnie Craft, vice president of Blazer Boats, also expressed frustration with the process.

“We provided the GCCF enough paper and information about my business that they probably think they know more about it than I do and I’ve been here for 30 years,” he said in a statement. “What I do know is that the BP oil spill killed my business in 2010. Without that spill, we would have had a much better year. Who would buy a boat when there were no jobs and nowhere to use them? Eighty-five percent of our dealers are in areas affected by this spill.”

The Clayton and Clayton Group, in conjunction with law firms, is working with marine industry companies to prepare claims.

Related

1_LIMESTONE

Limestone Secures Financing for Expansion

The company said the $6 million in credit will be used to improve its Tennessee manufacturing facility and buy new equipment.

1_MCKENZIE

Mastry Marine Names Repower Center

St. Augustine, Fla.-based McKenzie Marine is the engine distributor’s latest designated Suzuki Repower Center.

1_VANDERBILT

Vanderbilt Ships First Pontoon

The company said the 700T Series was the first model shipped from its new Fort Wayne, Ind., factory and was delivered to The Marina in Angola, Ind.

1_CHIPS.ACT

NMMA Celebrates CHIPS Act

The legislation aims to return semiconductor manufacturing to the U.S. and allows businesses to deduct R&D costs in the same year they are incurred.

1_COX

Cox Marine Hires Sales and Support Staff

The diesel outboard builder this week brought aboard a new regional sales director, regional sales manager and an aftersales manager.

1_DEALEROUTLOOK

Boating Interests Lose Wind Farm Battle

The Ohio Supreme Court has ruled that a proposed wind farm off the Cleveland, Oh., waterfront meets planning requirements.

1_INFLATION.JULY

July Inflation Data Lags June

Consumer Price Index results may indicate that inflation has peaked, and Producer Price Index data was below market expectations.

1_YAMAHA

Yamaha Posts Higher Sales, Profit

The company’s first half 2022 net sales increased to $1.93 billion, and segment income rose to $330 million.