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.