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Quick Hits: April 1, 2020

Fairline Yachts announced it will significantly scale back operations for an initial period of three weeks due to the COVID-19 pandemic, the builder said in a statement. The staff of 340 will be furloughed beginning today, with a small team of builders and back-office staff remaining in place following stricter social-distancing measures.

The National Marine Manufacturers Association will hold a webinar Friday, April 3, at noon (Eastern Time) to discuss how the $2 trillion stimulus bill signed by President Trump can help marine businesses during the COVID-19 crisis. NMMA government and legal affairs senior vice president Nicole Vasilaros and Forbes-Tate partner George Cooper will participate.

Plans continue for Newport International Boat Show, scheduled for Sept. 17-20. “It is our hope that public confidence will have been restored and that the Newport International Boat Show will spark much-needed business for the marine industry and the local economy, ” the Newport Exhibition Group said in a statement.

The show celebrates its 50th anniversary this year.

The American Boat and Yacht Council said it published its revised USCG Regulations for Recreational Boats. One change requires boats smaller than 26 feet that are capable of producing more than 115 pounds of thrust to have an engine cutoff device.

Related

Soundings Trade Only Names Editor-in-Chief

Gary Reich takes the helm from Jeff Moser, who becomes editor-in-chief of sister magazine PassageMaker.

St. Petersburg Show Opens Thursday

The 44th edition combines with the Tampa Boat Show to create what organizers say is the largest show on the Florida Gulf Coast.

Pay To Play

When Covid restrictions were widespread, some MTAs found a new revenue stream by charging admission to previously free shows, and visitors had no problem ponying up.

Yamaha Expands F25 Line

The company added short-shaft power trim and tilt models, and two models with improved tiller handles.

MRAA Donates to Educational Foundation

The group reinvested $100,000 in donations it received to help the foundation’s effort to address workforce shortages.

TPG Adds to Marine Portfolio

The hospitality and marina management firm acquired Conanicut Marina and Taylor Point Boat Yard in Jamestown, R.I.

Trade Only Today Returns Jan. 18

The daily e-newsletter will not publish Monday, Jan. 17, in observation of Martin Luther King Jr. Day. We wish everyone a happy and safe holiday weekend.