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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

MARINE-CONCEPTS

Marine Concepts Names Chief Executive

Industry veteran Terry McNew had a long tenure at MasterCraft, where he led the company through its initial public offering.

CED-MARINE

CED Marine Adds Sales Manager

Mark Sullivan previously spent more than 15 years at Navico and will cover the Southeast.

BWI-CONTEST

Writing Contest Open for Entries

Boating Writers International’s annual competition recognizes achievements in marine journalism, photography and videography.

DEALER-WEEK

MRAA’s Dealer Week Opens Tomorrow

The annual conference includes more than 20 educational sessions to help dealers adapt to the changing marketplace.

CRUISERS

Industry Mourns Cruisers Yachts Owner

K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”

GRANDBANKS

Grand Banks Purchases Florida Property

The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.

LIMESTONE-Q3

Limestone Boat Co. Posts Q3 Results

Unit production was down compared with the second quarter, and revenues decreased 33%.

SIREN-YAMAHA

Yamaha Dealers Now Carry Siren Systems

Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.

Northpoint

Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.