Quick Hits: September 14, 2020

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OneWater Marine Inc. has announced a public offering of over three million shares of its common stock, and will use the net proceeds to beef up its working capital, for business expansion and general corporate and administrative matters, the company said in a statement. The boat retailer also announced preliminary financial results for the quarter that ended on Aug. 31: OneWater has estimated a 20 percent revenue increase, with same-stores sales up 17 percent when compared to the same quarter last year, chiefly driven by an increase in new and used boat sales. 

The Rhode Island Marine Trades Association’s 9th Annual Partnership Breakfast will be held this Friday, Sept. 18 at 9 a.m. The hybrid format will allow guests to attend in person following social distancing guidelines in Newport, R.I. or stream online. Live streamed speakers include Sen. Sheldon Whitehouse, D-R.I., Marine Retailers Association of the Americas president Matt Gruhn, and National Marine Manufacturers Association president Frank Hugelmeyer. Proceeds will benefit RIMTA’s political action committee. Click here to register or for more information.

Solo ocean rower Lia Ditton had logged nearly three months and 2,700 nautical miles at sea when she reached Oahu’s Waikiki Yacht Club in 86 days, 10 hours, five minutes and 56 seconds, smashing the women’s record of 100 days for rowing solo from San Francisco to Hawaii. A licensed captain and seasoned long-distance rower, Ditton faced unfavorable currents and winds and two capsizes in a journey she called “the greatest psychological challenge of my life,” in a statement. Ditton future plans include targeting a solo exhibition from Japan to San Francisco — 5,500 nautical miles — in spring 2021, hoping to complete a trip where 19 other adventurers’ attempts have come up short. 


Teak Island Expands Operations

The Florida-based manufacturer purchased a 45,000-square-foot facility and two additional CNC routers.

Ensuring Gamefish Stability

Simrad’s support of Gray FishTag Research helps promote the importance of sustainable oceans and fisheries.

Heavy Lifting

Derecktor takes delivery of a 1,500-ton-capacity mobile lift, as construction of its Fort Pierce, Fla., facility continues.

Boot Düsseldorf Canceled

The German show, previously postponed until late April due to the pandemic, will return in January 2022.

Quick Hits: January 21, 2021

A revamped brand identify for Propspeed; Fraser Yachts names head of global partnerships; and Wichard Group USA appoints industry vet as VP of sales and marketing.

We Got ’em, But Can We Keep ’Em?

The results of a Recreational Boating and Fishing Foundation study reveal insights for engaging and retaining the new boaters and anglers we gained last year.

Siren’s 3 Series Receives NMEA 2000 Certification

The Internet of Things technology allows OEMs and other stakeholders to receive such data as engine metrics, fault codes and service requirements.

Galeon Launches Outboard Series

The first model in the series, the 325 GTO, will be powered by twin 350-hp Mercury Verados.