Quick Hits: October 21, 2020

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Grady-White Boats, a supporter of the Marine Retailers Association of the Americas’ Dealership Certification Program, have doubled down on its commitment with the MRAA and will cover costs of Dealer Week registrations for two people at each of its dealerships. “We’ve seen the Dealer Week educational line-up, and we believe that the courses offered through this event will help you create a clear game plan for your business,” wrote Grady-White sales vice president Joey Weller in a letter to dealers. “We truly believe those programs will add value to your business … with the right insights and strategies, we can build on our successes from this year.”

Brunswick Corp. increased its dividend by 12.5 percent to $0.27 — the eighth consecutive year of dividend increases. The move shows the board’s confidence in its focused marine portfolio and the company’s ongoing and reflects its commitment to execute against its strategy and capital plans, said Brunswick CEO David Foulkes. “The healthy marine market and the strong demand we continue to see for our industry leading brands, including the strong and steady profitability of our parts and accessories business, reflects the belief in our ability to continue to create long-term value for our shareholders,” said Foulkes in a statement.

During Scout Boats’ recent virtual dealer meeting, Fort Lauderdale, Fla.-based Seven Seas Yacht Sales was named Scout Boats’ top dealer in the world for 2020, earned the brand’s top Customer Service Index rating in the world, and Seven Seas salesman Andy Renne was the world’s top salesman for the year. The company also provided a sneak peek at new models soon to debut — the 195 Sport Dorado, out now, the 277 Dorado and the 425 LXF, set to debut at the Fort Lauderdale International Boat Show, as well as the 350 LXZ, slated to debut in spring 2021. Check out the full list of award winners here.


Boat Demand Remains Strong, But Inventory Shortages Prevail

Dealers worry that the absence of new boats is driving up prices.

Electric Boat Company Completes IPO Process

Canada-based e-mobility outfit Vision Marine raises $27.6 million to reinvest in its line of electric vessels and 180-hp, E-Motion outboard.

Besenzoni Introduces Electric-Powered Gangways

The company says it will introduce electric power across its line of ladders, tender lifts and more.

Quick Hits: November 30, 2020

Newmar celebrates 50 years; Pebble Mine permit denied by Army Corps; and several yacht builders will feature Raymarine.

NTSB Calls for Safety Changes After Dive Boat Fire Killed 34

Recommendations included interconnected smoke detectors and alternative escape paths.

Boat Registrations Continued to Soar

Strong demand continued through September.

2020: A Timeline

Changes ahead, changes behind: A long, strange year.