U.S.-based yacht manufacturer Palmer Johnson is closing its operations in Hampshire, U.K., a move that will cost 110 jobs.
And the company's plans to build a boatyard on the former VT site in Southampton, which would create 800 jobs, are in limbo, the Daily Echo newspaper reports.
But the parent of Chaparral and Robalo said demand for smaller boats dropped while labor costs rose.
The company declared a quarterly cash dividend of $0.17 per share.
Tariffs and growing labor costs created headwinds.
Watershed Innovation’s partnership with a local university results in a concept boat that is 30 percent quieter than a traditional jon-boat.
Erik Christiansen was the former general manager of Mercury Racing.
Fort Wayne operation surpasses two million hours with no lost time.
Its Marinas Group names four new members and its Superyacht Refit Group adds one member.
Secretary of Commerce Wilbur Ross and EPA Administrator Andrew Wheeler to address industry issues at NMMA legislative conference.
