Quick Hits: July 30, 2020

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The National Marine Manufacturers Association continues to monitor the reauthorization of the Sport Fish Restoration and Boating Trust Fund as lawmakers go into the August recess. The bill supports approximately $650 million a year in conservation, fishery restoration and stocking programs, as well as studies on boating access and other infrastructure. Trust fund revenue streams, spending and other facts about are available here.

The National Marine Distributors Association said in a statement that Land ‘N’ Sea president Mike Conners was elected president of its board of directors, Paxton Co.’s Jim Beale was named vice president, and Ryan Barber of CWR Distribution is secretary and treasurer chair. “Mike Conners has been an integral and active member of the board for several years,” NMDA executive director Nancy Cueroni said. “Jim Beale and Ryan Barber bring specific expertise from their outlook on the aftermarket, as well.” Each will serve two-year terms.

Orlando Business Journal reported that Merritt Island Boat Works, Ocean Alexander’s stateside production facility, would eliminate 103 positions following financial challenges and a temporary pandemic shutdown, according to a Florida Worker Adjustment and Retraining Notification letter filed earlier this month. The reduction is expected to take place in phases during September, October and December.

Patrick Industries reported a 30.8 percent second-quarter sales decrease to $424 million, primarily due to production shutdowns by OEM customers in April and May. Operating income was $12.1 million, a 73.2 percent decrease from the second quarter of 2019. The marine segment, which accounts for 14 percent of sales, had revenue of $59 million, a 34 percent drop, while powerboat wholesale unit shipments decreased about 39 percent. “Despite the ongoing uncertainty caused by the pandemic, we are optimistic about our business outlook, given the trajectory of our end markets and our flexible, highly variable cost structure,” president and CEO Andy Nemeth said.


PressureMate Introduces On-Board Pressure Washer

The 12-volt system has a patent-pending plunger design that produces 600 psi of pressure.

ABYC Introduces Entry-Level Certification

The Marine Service Technology program now includes a year-end exam to help launch students into marine-industry careers.

IBEX Calls for Innovation Award Entries

The NMMA-managed program is accepting new-product submissions through Aug. 13.

Pocket Yacht Opens in N.C.

The Cutwater and Ranger Tugs dealer opened in New Bern, its third East Coast location.

Trawlerfest Scheduled for Newport

Passagemaker magazine’s signature event runs Aug. 24-28 at Newport Shipyard in Rhode Island.

Our Most Critical Federal Program Needs Your Support

The Sport Fish Restoration and Boating Trust Fund is up for renewal. Ask Congress to support its reauthorization.

KVH Introduces TracPhone LTE-1

The new communications system provides connectivity up to 20 miles offshore in more than 150 countries.