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Quick Hits: May 5, 2020

A letter, signed by European Parliament members, to Thierry Breton, the European Commissioner for the Internal Market, addresses how European Union border closures are impacting the industry. “Maintaining production is capital for the liquidity of manufacturers and all companies along the supply chain, which supports jobs in an industry that is already severely affected by covid-19,” the letter stated. According to the statement, the E.U. marine sector employs 280,000 workers, with 95 percent of the companies small- to medium-sized enterprises.

The International Council of Marine Industry Associations issued its latest report on how the covid-19 pandemic is affecting the marine industry throughout the world. Founded in 1966 with the goal of bringing together countries with active marine industries, ICOMIA, through its lobbying efforts, presents a united voice to address issues that affect the industry as a whole.

Omnova Solutions partnered with Syntec Industries to oversee sales of the marine upholstery products Omnova produces and supplies. Existing Omnova customers will receive the same product they are accustomed to, according to the company.



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