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Quick Hits: May 19, 2020

Ritchie Navigation resumed production this week at its Pembroke, Mass., facility after a mandated closure in late March following state covid-19 guidelines. “During the closure, we received compasses in need of maintenance or repair,” sales and marketing vice president Roby Holland said in a statement. “It'll take us a couple of weeks to catch up with those, but we came back online in a strong way. We continued to take orders while we were down and don't foresee any delays in shipping them out.”

The International Council of Marine Industry Associations has published a policy paper on end-of-life boats in an effort to create a sustainable life cycle — something the group says is lacking in the industry. “What is needed is a collaborative approach involving stakeholders across governments, industry and the public to develop a strategic approach to the management of the issue of end-of-life boats,” said ICOMIA. Read the policy paper here.

Global Ocean Security Technologies has promoted Sean Ryan to global sales manager. “Sean joined GOST and quickly proved to be a dominating force in our sales department…we are super excited to see where he goes with this new role,” said president and CEO Jay Keenan in a statement. Founded in 2005, GOST’s marine security systems utilize HD cameras, motion sensors and real-time GPS tracking, and are compatible with smart devices.



Inflation Stymies Boat Sales

Inventories of new and used boats are improving at the retail level but are still considered comparatively lean, according to the results of the monthly Pulse Report survey.


Ho, Ho, Ho, You Better Watch Out

It may be too early to decorate the showroom, but it’s not too early to hatch a marketing plan to profit from the holiday selling season.


Industry reacts to IBEX cancelation

With Ian expected to hit Florida’s west coast as a major hurricane, the consensus among those who spoke with Trade Only Today say it was the correct decision.


Ready for a Revolution

Electrification has been an increasingly common buzzword in the marine industry, especially in the past four to five years.


MarineMax Makes Appointment to its Board

Mercedes Romero has expertise in global procurement and strategic planning, working with such companies as Procter & Gamble and Starbucks.


DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.


Spot Zero Announces Expansion

The Fort Lauderdale-based reverse osmosis systems manufacturer is adding a 20,000-square-foot production facility.

1_Seakeeper Ride 450_2023 Sportsman Open 232 Center Console

Seakeeper’s New System Targets Pitch

Seakeepeer, whose gyroscopic stabilizers set the marine industry standard for eliminating as much as 95 percent of a boat’s roll, is now turning its attention to eliminating pitch with their Seakeeper Ride system.


Propeller Precision

Yamaha’s new $20 million foundry produces about 100,000 propellers a year